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OPEC president sees emergency meeting in March
14 Jan 2016 3:36 AM ISTOPEC 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 ISTChina’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 ISTBrent 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 ISTSouth 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 ISTTrading 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 ISTEuropean 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 ISTScandal-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 ISTThe 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 ISTVolkswagen'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 ISTThe 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 ISTChina’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 ISTThe Istanbul Trump Towers complex, opened in 2012 at a cost of $400 million, has over 200 luxury residential apartments in the almost 40-storey...