G7 smoothes divisions, agrees on currency policy
AYLESBURY, United Kingdom: The Group of Seven advanced economies smoothed over US-European differences at a weekend meeting on how to balance deep austerity measures with ways to support fragile growth. Read More →
US budget gap narrows as April posts surplus
WASHINGTON: The United States’s yawning annual budget deficit narrowed in April as government coffers brimmed with the largest monthly surplus in five years, official data released Friday showed. Read More →
Dow, S&P close at fresh all-time highs
NEW YORK: US stocks overcame a choppy day of trading Friday and closed at fresh all-time highs as Group of Seven finance chiefs met in Britain to discuss economic challenges. Read More →
German exports see knock-on effect of eurozone crisis
BERLIN: German exports, the driving force of Europe’s top economy, are being weighed down by the eurozone debt crisis, data showed Friday, amid otherwise promising signs. Read More →
G7 finance chiefs gather as dollar tops 101 yen
AYLESBURY, United Kingdom: Finance ministers and central bank chiefs from the Group of Seven (G7) industrialised economies begin talks Friday on spurring growth, with currency factors likely to feature...
Panasonic logs $7.5 billion annual loss
TOKYO: Panasonic said Friday it had logged another eye-watering net loss in the year to March, coming up $7.5 billion dollars short, but pledging to turn a profit over the next 12 months. Read More →
Pakistani students gear up for Shell Eco-Marathon Asia 2013
KARACHI: Thirteen student teams from Pakistan’s top universities are preparing ultra energy-efficient vehicles for Shell’s annual super-mileage competition, the Eco-marathon. Read More →
Sony books first annual net profit in five years
TOKYO: Struggling Japanese electronics giant Sony on Thursday said it booked its first annual net profit in five years, offering a glimmer of hope for the former market leader. Read More →
China inflation accelerates in April
BEIJING: China’s inflation accelerated to 2.4 percent in April, official data showed Thursday, rising above market expectations, but analysts said counter-measures were unlikely as economic momentum...
Bank of England set to hold rates after upbeat data
LONDON: The Bank of England is expected Thursday to hold record-low interest rates and its quantitative easing cash stimulus, after encouraging British economic growth data and despite fresh moves elsewhere...
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