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Commodities 31 Aug 2017 | 10:35 PM

Crude falls as flooding from Harvey roils US oil industry(Update)

TOKYO: U.S. crude futures fell in early Asian trading on Friday, partly reversing sharp gains from the previous session, amid ongoing turmoil in the oil industry with a quarter of U.S. refining capacity offline.

Economy 31 Aug 2017 | 10:50 PM

US consumer spending rises modestly; inflation retreats

WASHINGTON: U.S. consumer spending rose slightly less than expected in July and annual inflation advanced at its slowest pace in more than 1-1/2 years, diminishing expectations of an interest rate increase in December.

Economy 01 Sep 2017 | 12:00 AM

US job market keeps defying forecasts for 2017 slowdown

WASHINGTON: In an economy growing at a moderate pace at best, the US job market keeps on shining.

Business 01 Sep 2017 | 12:00 AM

Indian drug factories erode US generic prices

MUMBAI: The most recent earnings reports across the generic drug industry have read like dispatches from the front lines of a price war.

Economy 01 Sep 2017 | 12:00 AM

Steady growth in F&B outlets

PUTRAJAYA: There were 167,490 food and beverage establishments in 2015, representing an annual growth rate of 5.1% since 2010, census results by the Department of Statistics Malaysia showed.

Markets 01 Sep 2017 | 10:36 PM

Wall Street edges up as rate-hike bets in check after jobs data

NEW YORK: Wall Street gained modestly on Friday as a tepid U.S. jobs report kept expectations muted for another interest rate hike this year, while investors kicked off a typically dour month for stocks on a positive note.

Business 02 Sep 2017 | 12:00 AM

Samsung gets okay to test self-driving cars in California

SAN FRANCISCO: Samsung Electronics has joined the self-driving car race in California with a permit from the state to test the technology on the home turf of Tesla, Google, and Apple.

Business 02 Sep 2017 | 12:00 AM

Shutdown and default threaten US safe-haven status

Comment by JAMES SAFT
IF the United States does more than flirt with a government shutdown and technical default, old assumptions about the safe-haven status of Treasury debt and the dollar will face unprecedented threats.

Economy 02 Sep 2017 | 12:51 AM

Looming debt ceiling deadline pushing some US fund managers to cash

NEW YORK: A potential standoff over the U.S. federal debt ceiling is raising alarm bells among fund managers who fear a repeat of 2011 when a protracted showdown over increasing the government's borrowing limit and subsequent downgrade of U.S. credit quality led to a more than 15 percent slump in the S&P 500 stock index.

Banking 02 Sep 2017 | 8:52 AM

Drawbacks of a cashless society

EVERYDAY we inch closer to a cashless society. Many dystopian futures envision societies where cash is no longer king, but instead “points” or “units” through our phone, fingerprint, iris or a chip under our skin are the primary form of payment.