LONDON - Britain’s manufacturing sector shrank at its fastest rate in more than three years in July, the latest PMI survey showed on Wednesday, dealing a blow to hopes the country may come out of recession over the summer.
LONDON - Britain’s manufacturing sector shrank at its fastest rate in more than three years in July, the latest PMI survey showed on Wednesday, dealing a blow to hopes the country may come out of recession over the summer.
SAN JOSE, California — An attorney for Apple told a jury Tuesday that bitter rival Samsung faced two options to compete in the booming cellphone market after Steve Jobs introduced the iPhone to critical acclaim in 2007: Innovate or copy.
SINGAPORE - Gold was locked in a tight range on Wednesday, as investors watched the US Federal Reserve and the European Central Bank, whose monetary policy decisions could determine the direction of markets.
BANGKOK — Asian stock markets fell Wednesday after four days of gains as China’s manufacturing slowed despite government stimulus efforts.
TOKYO - Asian shares fell on Wednesday as soft Chinese manufacturing data further undermined investor confidence and as hopes faded for bold stimulus action this week by the US Federal Reserve and the European Central Bank to underpin faltering economies.
HSBC Holdings Plc, the British bank accused of laundering money for Mexican drug lords, apologised to investors for compliance failings as it set aside $2 billion more to cover the costs of regulatory fines and lawsuits.
The UAE telecom company du on Monday posted a 57 per cent increase in second quarter profit before royalties compared with the same 2011 period on growth in revenues as it increased the subscriber base.
The Dubai Department of Economic Department, or DED, issued 1,298 new trade licences during June 2012, indicating a growing interest in commercial and professional activities among businessmen and investors in Dubai, it was announced on Monday.
Union Properties on Monday declared a net profit of Dh106 million for the first six months of the year compared to a net loss of Dh439 million for the same period last year.
Copper traded little changed on Tuesday, underpinned by expectations the United States and Europe would introduce fresh easing measures, while a firm dollar and a low appetite for risk curbed gains.