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Business 26 Aug 2017 | 12:00 AM

Wall Street cheering for tax cuts

NEW YORK: It was only about five years ago that powerful people in finance loved talking about the horrendous consequences for the United States if it didn’t get its finances under control. They warned that the federal debt – and the interest payments – could eventually get high enough to drag down the economy, burden future generations, and even threaten national security.

Business 28 Nov 2016 | 12:00 AM

Black Friday limps toward oblivion

NEW YORK: The decades-old retail tradition of Black Friday limped closer to obsolescence this year as online shopping and earlier discounts kept many brick-and-mortar customers at home.

Forex 26 Sep 2014 | 10:15 AM

Mrs Watanabe jumps on yen-selling bandwagon as tide turns

TOKYO: Japan's legions of retail foreign-exchange traders, popularly known as Mrs Watanabe, are turning into sellers of yen, shifting from playing the dollar's range against the yen to betting against the Japanese currency after it slumped to six-year lows recently.

Business 16 Dec 2011 | 12:00 AM

Does anyone have a good map to navigate the US in 2012?

TAKING Wall Street#8217;s forecasts as a measure, optimism about the US economy reached its most recent peak about a year ago

Business 22 Aug 2009 | 12:00 AM

US Fed gives most optimistic outlook since economic crisis

JACKSON, Wyoming: Federal Reserve Chairman Ben Bernanke on Friday offered his most optimistic outlook since the financial crisis struck, saying the U.S. economy is on the verge of growing again.

Business 15 Dec 2012 | 12:00 AM

Learn from your associates

GOCHI-SAN is going back to Japan. After six years of heading the Malaysian operations for the biggest Japanese cosmetic company, he has been reassigned back to headquarters. I will miss my golf buddy.

Business 20 Dec 2008 | 12:00 AM

More than cosmetics for school girls

TO come up with a creative and attractive brand name that is easy to remember is never easy.