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Category: Business

Indian shares eke out gains; but end week lower

New Delhi: Indian shares ended a tick higher on Friday, powered by gains in banking stocks, but finished lower for the week with trading dominated by headlines about the...

Global stocks slump as growth concerns trump trade joy

London Stock markets on both sides of the Atlantic saw hefty losses yesterday, gripped by fears for the global economy only a day after enthusiasm over possible detente...

UPS has been quietly delivering cargo using self-driving trucks

The delivery giant has announced a minority stake in autonomous trucking startup TuSimple Arizona UPS has had autonomous trucking startup TuSimple hauling cargo for it...

Bargain Hunters Drive Up Trading Volume in Japanese Stocks

Tokyo A declining equity market isn’t usually taken positively by investors but traders of Japanese stocks see recent strong volumes as a sign of support. Over the...

Oil prices fall on concerns over recession, inventories

TOKYO Oil prices fell on Thursday, adding to sharp overnight losses as U.S. crude inventories unexpectedly rose, fears of recession mounted and economic data out of...

Carry bets may go awry as rupee becomes Asia’s worst performer

Mumbai The risk of overseas investors in rupee bonds getting caught wrong-footed and weakening India’s currency further is surging as losses this month outpace Asian...

Nigeria holds treasury auction after FX ban for food imports

ABUJA The Nigerian central bank held a treasury auction on Wednesday to try to lure foreign investors, traders said, hours after it was announced that the president told...

India Deepens Energy Partnership With Saudi Arabia

NEW DELHI: In a major effort to deepen India’s energy relationship with oil producers in the Gulf, the country’s biggest conglomerate, Reliance Industries Limited...

Turkey’s unemployment rate stands at 12.8% in May

ANKARA: Turkey’s unemployment rate stood at 12.8% in May, the country’s statistical authority announced on Aug. 15. The figure was up 3.1 percentage points compared...

Hong Kong: Stocks rebound from early losses

HONG KONG: Hong Kong stocks recovered to close higher on Thursday after an early slump following hefty losses on Wall Street over fears of a global recession. The Hang...