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HuaweiFRANKFURT, Germany — The European Central Bank has cut its key interest rate by a quarter percentage point to a record low of 0.75 percent to boost a eurozone economy weighed down by the continent’s crisis over too much government debt.
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LONDON - Britain’s top share index extended gains after a surprise move by China to cut interest rates, which overshadowed the widely-expected quantative easing programme announced by the Bank of England and a rate cut by the European Central Bank.
NEW DELHI - Major global companies consider India their third most favoured destination after China and the United States, a UN report said on Thursday, and investment inflows could increase by more than 20 percent both this year and next.
Apple is preparing to launch a smaller tablet computer in the coming months in a bid to maintain its edge in an increasingly crowded market, the Wall Street Journal reported .
BRUSSELS - The European Parliament rejected a global agreement against copyright theft on Wednesday, handing a victory to protesters who say the legislation would punish people for sharing films and music online.
DUBAI—Driven by significant surges in Gold and Indian Rupee futures trading, June volumes on the Dubai Gold and Commodities Exchange (DGCX) jumped 231% from last year to reach 889,131 contracts, the Exchange’s fourth consecutive monthly volumes record. June volumes represent a value of $32.92 billion.
MADRID - Spain’s government is putting finishing touches to an up to 30 billion euro ($38 billion) package of spending cuts and tax hikes to help it meet this year’s deficit targets, sources with knowledge of the matter said.
LONDON — The Bank of England began a two-day monetary policy meeting here on Wednesday that was widely expected to result in more stimulus to boost Britain’s recession-hit economy.
DHAKA — Bangladeshi migrant workers sent home a record $12.85 billion in the fiscal year ended in June as overseas jobs soared on the back of new opportunities in the Middle East, officials said Wednesday.
Gold held near two-week highs on Wednesday and was set for its second successive weekly gain, thanks to a modest decline in the dollar that may sharpen investor appetite for the metal, although a US.public holiday will likely temper any gains.
