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HuaweiBERLIN — German Chancellor Angela Merkel’s cabinet on Wednesday agreed draft laws aimed at putting the brakes on high-speed trading that once caused a trillion-dollar loss on US markets in a matter of minutes.
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HONG KONG — Global stock markets dived Wednesday after pessimism about global growth prospects sparked Wall Street’s worst sell-off in three months.
SINGAPORE - Singapore’s industrial production unexpectedly contracted in August from a year ago, suggesting that the trade reliant economy will slip into recession this quarter, and raising the odds of monetary easing by the central bank next month.
LONDON - Gold prices held above $1,760 an ounce on Wednesday as recent policy easing measures from central banks including the Federal Reserve sharpened investment appetite, but a stronger dollar and a weaker tone to stocks and commodities kept a lid on gains.
HONG KONG — Asian markets suffered a sell-off Wednesday after a US Federal Reserve head said the central bank’s huge stimulus plan unveiled this month might not boost the economy as much as hoped.
BRUSSELS - Creation of a banking union to help resolve the euro zone debt crisis could lead to a split within the wider European Union, lawmakers in the European Parliament warned during a debate that laid bare the extent of tensions in the bloc.
ATHENS, Greece — Tens of thousands of Greeks marched through central Athens Wednesday in the first general strike since the country’s coalition government was formed in June, as the prime minister and finance minister hammered out a package of (euro) 11.5 billion ($14.87 billion) in spending cuts.
A high-level 10 member delegation from Gujarat, India’s most industrialised state, will be showcasing investment opportunities to leading industrialists and businessmen in Dubai at a seminar on ‘Investment Opportunities in Gujarat’ today at Hotel Ritz Carlton.
Jebel Ali Free Zone, known as Jafza, on Monday declared a 7.5 per cent increase in its revenues for the first half of the year, compared to same period last year.
HONG KONG — Asian markets were mixed Tuesday, with traders spooked by news that German business confidence had hit a 31-month low, wrangling over Greece’s budget and uncertainty about Spain.
