New York boosts lead on London as leading finance centre
LONDON: New York is extending its lead over London as the world’s most important financial centre as the City reels…
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Fund boards, management go on high alert around bond liquidity
NEW YORK: US fund firms are taking extra measures to make sure they are not stuck holding hard-to-sell bonds in…
China generates electricity from Tibetan mega-dam
BEIJING: China has begun generating electricity from Tibet’s biggest ever hydropower project, state-run media reported, the latest dam development on…
Mining giant BHP outlines plans to cut costs
SYDNEY: BHP Billiton outlined plans to cut costs further as the world’s biggest miner battles falling commodity prices, pointing to…
Central bank seen fuelling old China as banks hold key to policy success
BEIJING: China’s central bank said its surprise move to cut interest rates for the first time since 2012 is designed…
Shell pushing frontiers in regional deepwater development
PASAY, the Philippines: Advancements are constantly being made in the oil and gas (O&G) deepwater development as exemplified by Royal…
Padini to open more retail stores in East Malaysian states
KUCHING: Padini Holdings Bhd (Padini) will be opening more retail stores as part of the company’s strategy to expand further…
Japan calls for unexpected election while yen weakened
Fundamental outlook US economy showed inflation on rising in producer prices and consumer prices was above expectation. Japan surprised the…