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HuaweiQatar has paid Egypt $500 million, the Egyptian finance minister announced on Thursday, in the first instalment of $2 billion of financial support it had promised to Cairo.
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Greece’s prime minister has warned those politicians in Europe who are happy to see the country leave the euro that such an event could trigger a domino effect throughout the 17-nation bloc using the euro currency.
beijing/shanghai — China’s manufacturing sector contracted at its sharpest pace in nine months in August, according to a survey showing falling export orders and rising inventories, a signal that more policy stimulus may be needed to engineer a second half pick-up in growth.
NEW DELHI — Foreign direct investment in India slid by 78 percent in June, official figures showed on Friday, amid mounting worries about corruption, bureaucratic delays and lack of economic reforms.
LONDON - Gold prices eased on Friday as waning appetite for higher-risk assets and a firmer dollar prompted investors to cash in gains after a seven-session rally to 4-1/2 month highs, though they stayed on track for their biggest weekly rise since early June.
MUMBAI — India’s Reliance Power announced on Friday it had signed a deal with China Datang Corp to develop and operate power and energy projects in the energy-hungry South Asian nation and abroad.
NEW YORK - Gold rose 1 percent to a four-month high above $1,670 an ounce on Thursday, bolstered by hopes for a new round of US monetary stimulus and news that Spain is negotiating conditions for a possible aid package.
Qatar Holding, the investment arm of the nation’s sovereign-wealth fund, bought a 22 per cent stake in Chinese private equity firm Citic Capital Holdings as the country accelerates spending on overseas acquisitions.
In a few weeks, about 2,800 cars, trucks and buses will start talking to each other on the streets of Ann Arbor, Michigan, in a giant experiment that government officials are hoping will lead to safer roads.
NEW YORK/LONDON - World business surveys on Thursday painted a picture of economic malaise stretching from Beijing to Berlin, adding to concerns that the world economy was slowing down.
