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Business 25 May 2021 | 7:00 AM

Curtailing speculators, hoarders to stop commodity boom

SHANGHAI: China intensified its weeks-long campaign to cool a raw-materials boom, pledging severe punishment for violations ranging from excessive speculation to spreading fake news.

Business 09 May 2019 | 6:17 AM Premium

Steelmaker ArcelorMittal downbeat on key European market

BRUSSELS: ArcelorMittal, the world's largest steelmaker, cut its demand forecast for its key markets on Thursday and said it was facing the twin challenges of lower steel prices and reduced consumption in Europe.

Markets 02 Aug 2018 | 10:24 PM Premium

S&P 500, Nasdaq rise as Apple hits US$1 trillion mark

NEW YORK: Technology stocks pushed the S&P 500 and Nasdaq higher on Thursday, driven by Apple shares as the iPhone maker became the first publicly traded U.S. company worth a trillion dollars. Apple Inc extended its post-earnings rally, gaining 2.9 percent and pushing its market value across the trillion-dollar threshold.

Business 03 Apr 2018 | 12:00 AM Premium

Japan’s business mood sours for first time in two years

TOKYO: Japanese business sentiment worsened for the first time in two years in the three months to March, a closely watched central bank survey showed, as rising raw materials and labour costs weigh on an otherwise steady economic recovery.

Business 31 Oct 2017 | 12:00 AM Premium

Akzo seeks US$30b merger

MSTERDAM: Dutch paints maker Akzo Nobel, under pressure after rejecting a lucrative takeover offer and two profit warnings, has confirmed merger talks with smaller US rival Axalta Coating Systems Ltd to create a US$30bil company.