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HuaweiHong Kong stocks closed flat on Wednesday, giving up earlier gains as dealers took profits from a recent rally on the back of hopes for fresh stimulus by the European and US central banks.
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LONDON - European shares and the single currency edged lower after three days of solid gains on Wednesday as investors await the next moves by central banks to tackle declining global growth and Europe’s fiscal crisis.
NEW DELHI — India’s biggest mobile phone company, Bharti Airtel, reported on Wednesday a surprise 37-percent dive in quarterly profit, hit by “hyper-competition” that squeezed earnings.
HONG KONG, China — Cathay Pacific Airways posted a first-half net loss of HK$935 million ($121 million) on Wednesday, citing higher fuel prices, strong competition and economic instability in Europe.
BANGKOK — Asian stock markets rose Wednesday, buoyed by more positive employment data out of the US and expectations that central banks in the US and Europe may take steps to support their economies.
SINGAPORE - Gold was little changed on Wednesday, after advancing for three straight days on hopes that central banks in Europe and the United States will launch more stimulus measures to help shore up their faltering economies.
WASHINGTON — Standard & Poor’s cut Greece’s debt rating outlook to negative Tuesday, saying the worsening economy and political challenges could soon force another downgrade.
Money transfer to Pakistan could be costlier as the Foreign Exchange & Remittance Group (FERG) in the UAE is planning to start charging a fee on remittances to Pakistan in protest of their unsettled rebate amount.
India’s new pro-market finance minister on Monday pledged to takes steps to restore foreign investors’ faith in Asia’s third-largest economy and “restart the growth engine”.
