Showing 1 - 10 of 96
Facebook currency plan under scrutiny in Congress
Associated Press, Published on 16/07/2019
» WASHINGTON: Facebook's ambitious plan to create a financial eco-system based on a digital currency faces questions from lawmakers, as it's shadowed by negative comments from President Donald Trump, his treasury secretary and the head of the Federal Reserve.
Michael Kors ups the glamour, buys Versace for $2bn
Associated Press, Published on 25/09/2018
» NEW YORK: Michael Kors is buying the Italian fashion house Versace in a deal worth more than $2 billion (€1.83 billion), continuing its hard charge into the world of high-end fashion.
Dow, S&P 500 at record highs
Associated Press, Published on 21/09/2018
» Wall Street delivered another set of milestones Thursday as a wave of buying sent US stocks solidly higher, driving the Dow Jones Industrial Average above the all-time high it closed at in January.
Global markets stabilise as Turkey jitters ease
Associated Press, Published on 14/08/2018
» BEIJING: Most global stock markets steadied Tuesday as worries subsided over Turkey's currency crisis and its potential impact on other countries.
Asian shares fall after Wall Street plunge
Associated Press, Published on 09/02/2018
» BEIJING: China's stock market benchmark plunged 5.5% on Friday and other Asian markets were off sharply after the Dow Jones industrials on Wall Street plummeted more than 1,000 points, deepening a week-long sell-off.
New Bitcoin-based security bounces in trading debut on CME
Associated Press, Published on 18/12/2017
» NEW YORK: A new security based on the price of the digital currency bitcoin is trading lower after its debut on the Chicago Mercantile Exchange, a week after another such security launched on a rival exchange.
Meredith buying Time Inc for $1.8bn
Associated Press, Published on 27/11/2017
» NEW YORK: Meredith Corp announced Sunday that it is buying Time Inc for about $1.8 billion, a deal CEO Stephen Lacy called "a transformative and financially compelling growth opportunity" that joins two giant magazine companies.
City replaces parking meters with electronic kiosks
Business, Associated Press, Published on 31/10/2017
» OKLAHOMA CITY: The city where parking meters were born more than eight decades ago is phasing out the last of the coin-gobbling contraptions that reshaped America's downtowns in favour of computerised models seen in many other places.
Hong Kong stock trading floor set to close
Associated Press, Published on 20/10/2017
» HONG KONG: Hong Kong's last remaining stock market floor traders are taking their final orders as the exchange prepares to shut its trading hall, joining other world exchanges in going fully automated.
US pickup truck buyers demanding more luxury
Business, Associated Press, Published on 18/10/2017
» DETROIT: Heated and cooled seats. Backup cameras. Panoramic glass roofs.