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Business 29 Jul 2019 | 10:56 AM Premium

Dollar steels for Fed cut, Brexit pushes pound lower

LONDON: The dollar held near a two-month high on Monday ahead of what is expected to be the first U.S. interest rate cut since the financial crisis, while Britain's rising Brexit risks slugged the pound to a fresh 28-month low.

Business 29 Jul 2019 | 5:29 AM Premium

A Fed interest rate cut is in the bag. What then?

SAN FRANCISCO: US central bankers are expected to lower borrowing costs this week for the first time since the depths of the financial crisis more than a decade ago. That's the easy part.

Business 29 Jul 2019 | 5:11 AM Premium

Hong Kong protests knock investor confidence in city’s shares

HONG KONG: Hong Kong property stocks are turning into the biggest casualties of the city’s escalating street protests as investors worry about the economic impact and Beijing’s response.

Business 29 Jul 2019 | 2:18 AM Premium

Ringgit flat against US$ amid dovish ECB comments

KUALA LUMPUR: The ringgit opened flat against the US dollar in the early session today with the greenback remaining firm amid dovish European Central Bank’s (ECB) policy stance.

Business 29 Jul 2019 | 1:33 AM Premium

Oil price falls after 'constructive' talks on Iran's nuclear deal

TOKYO: Oil prices fell on Monday after Iran described emergency talks on a multi-party nuclear agreement with a group of signatories as "constructive", suggesting an easing of tensions in the Middle East.

Business 28 Jul 2019 | 10:53 PM Premium

Top five topics investors will likely be looking out for this week

Top five themes investors are likely to look out for this week

Business 28 Jul 2019 | 10:36 PM Premium

EU must move faster to prepare for no-deal Brexit risk

LONDON: The European Union is less prepared for a no-deal Brexit than Britain, potentially leaving British firms at a disadvantage if there is no transition agreement and weakening London's hand in future trade talks, a British employers group said.

Business 28 Jul 2019 | 12:06 PM Premium

Britain ramps up preparations for no-deal Brexit

LONDON: The British government is working on the assumption that the European Union will not renegotiate its Brexit deal and is ramping up preparations to leave the bloc on Oct. 31 without an agreement, senior ministers said on Sunday.

Business 27 Jul 2019 | 12:00 AM Premium

UBS whistle-blower hunts trillions hidden in treasure islands

JOHN Christensen called Jersey home. A native of the scenic isle off England’s southern coast, he was a government economist with a hillside villa that had views of France.

Business 27 Jul 2019 | 12:00 AM Premium

Corporate liability laws in other countries

CORPORATE corruption is found in almost all countries.