iPhone | iPad
Android
HuaweiCOLOMBO - Team Veritas from Middlesex University, which were the national winners of the Middle East leg of the Cima Global Business Challenge, or GBC 2012, in partnership with Barclays, has been named as one of six final teams proceeding to round two after round one of the competition.
KT APPDOWNLOAD
MORE FROM Markets
World stocks rallied, US oil jumped nearly 5 percent and the euro surged on Friday on news US employers increased hiring in July by the most in five months and on renewed optimism that Europe was closer to action on its debt crisis.
An upbeat US jobs report coupled with private forecasts that the drought has hurt U.S. crops more than government surveys indicate fueled strong grains in Chicago Board of Trade corn and soybean futures on Friday.
Wall Street rallied to its highest level since early May on Friday on a stronger-than-expected US jobs report and renewed hope European authorities would act to contain the euro zone debt crisis.
The US economy generated 163,000 jobs in July after three months of weak hiring, a sign it is resilient enough to pull out of a midyear slump and grow modestly as the rest of the world slows down.
The European Central Bank, or ECB, will gear up to buy Italian and Spanish bonds on the open market but would only act after eurozone governments have activated bailout funds to do the same, ECB President Mario Draghi said on Thursday.
LONDON- A sharp drop in new orders compounded the misery among euro zone companies during July, a business survey showed on Friday, forcing firms to lay off staff at the fastest pace since January 2010.
BEIJING/BANGALORE - The services sectors in emerging powerhouses China and India grew in July at a healthy pace, providing vital support for the two economies as their manufacturing sectors struggle with the global downturn.
LONDON - Britain’s leading share index rose on Friday, recovering after sharp falls in the previous session, with financial stocks bouncing back led by Royal Bank of Scotland after its H1 results offered some comfort for hard-pressed investors.
SINGAPORE - Gold traded little changed on Friday, struggling to recover from a four-day losing streak after the European Central Bank stopped short of offering any immediate aid to contain the region’s debt crisis, while caution prevailed ahead of a key U.S. jobs report.
