MillenniumPost

OPEC president sees emergency meeting in March

14 Jan 2016 3:36 AM IST
OPEC president Emmanuel Ibe Kachikwu said on Tuesday that he expects an extraordinary meeting of the oil cartel in “early March” to address nosediving...

Shanghai stocks close down 5.33% on economic gloom

12 Jan 2016 5:46 AM IST
China’s benchmark Shanghai stock index closed down 5.33 per cent today, as investors continued to worry over the state of the world’s second largest...

Brent oil slumps under $35 for first time since 2004

8 Jan 2016 4:47 AM IST
Brent oil prices tumbled on Wednesday below $35 for the first time in 11.5 years, plagued by abundant oversupply and the ongoing row between key...

Hyundai forecasts lowest sales growth in 10 years

6 Jan 2016 3:45 AM IST
South Korea’s largest automakers, Hyundai Motor and its affiliate Kia, have forecast their slowest sales growth in a decade for 2016, due to slumping...

Chinese stock mkts closed after shares fall 7%

6 Jan 2016 3:40 AM IST
Trading on the Shanghai and Shenzhen stock exchanges was ended early on Monday after shares fell seven per cent, the first time China’s new “circuit...

Global benchmark Brent crude oil price dips to 11-year low

23 Dec 2015 5:19 AM IST
European benchmark Brent crude slumped to an 11-year low on Monday as oil prices resumed their slide in an oversupplied global market.Brent North Sea...

Scam-hit Toshiba warns of record $4.5 bn annual loss, to sack thousands

23 Dec 2015 5:08 AM IST
Scandal-hit conglomerate Toshiba warned Monday it expects to post a record annual loss of $4.5 billion and slash thousands of jobs, as shares in the...

Amidst world glut, US Congress lifts 40-yr oil export ban

21 Dec 2015 4:21 AM IST
The United States of America lifted a 40-year ban on oil exports on Saturday, marking a historic shift for the booming American oil industry. While...

VW’s former chief Winterkorn still drawing huge salary

20 Dec 2015 4:39 AM IST
Volkswagen's former chief executive Martin Winterkorn, who quit in the wake of the massive pollution-cheating scandal, is still on the carmaker's...

China’s Warren Buffett emerges after vanishing, attends AGM

16 Dec 2015 5:04 AM IST
The billionaire chairman of Fosun Group, one of China's biggest privately held conglomerates, re-emerged on Monday after he disappeared from public...

Stimulus effect: China industrial output growth rebounds in Nov

14 Dec 2015 3:56 AM IST
China’s industrial production surprised on Saturday with its best showing since June, the latest indication that government stimulus measures may be...

Turkey’s Trump Towers to reviews ties with Donald

12 Dec 2015 6:27 AM IST
The Istanbul Trump Towers complex, opened in 2012 at a cost of $400 million, has over 200 luxury residential apartments in the almost 40-storey...
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