Weak dollar no boon for emerging markets this time
LONDON/NEW YORK: Typically a boon for emerging markets, this year’s plunge in the US dollar may fail to boost the developing world’s...
Google’s $2.1bn Fitbit deal hits roadblock as EU opens probe
BRUSSELS: Alphabet unit Google’s bid to take on Apple and Samsung in the wearable technology market by buying Fitbit hit a hurdle...
Oil falls as rising virus cases overshadow demand recovery
LONDON: Oil prices eased on Tuesday amid concerns that a fresh wave of Covid-19 infections will see a global demand recovery stalling...
China’s ByteDance to consider int’l HQ for TikTok, outside US
LONDON: Chinese tech company ByteDance said on Monday it was considering moving the headquarters of its TikTok video-sharing platform overseas, following a...
Gold pulls back from record high on profit-taking, dollar strength
Gold prices retreated from a record high on Monday after investors booked some profits and the dollar rose, although concerns over rising...
Oil steady as virus fears counter positive factory data
LONDON: Oil prices steadied on Monday as rising COVID-19 cases around the globe and oversupply worries fuelled by the prospect of OPEC...
Trump gives Microsoft 45 days to clinch TikTok deal
NEW YORK/WASHINGTON: President Donald Trump only agreed to allow Microsoft Corp to negotiate the acquisition of popular short-video app TikTok if it...
Global funds favour bonds over stocks on surging coronavirus infections
BENGALURU: Global funds recommended cutting equity holdings in July to the lowest in four years and suggested keeping bond allocations unchanged from...
WTO fails to agree on interim leader before choosing new chief
BRUSSELS: The World Trade Organization (WTO) has failed to select a caretaker chief due to an impasse among members who must still...
With liquor shops locked down, 10 die in India drinking sanitizer
CHENNAI: Ten men died in a southern Indian state on Friday after consuming alcohol-derived sanitizer, as local liquor shops were closed due...
Exxon posts second straight quarterly loss on demand, price plunge
HOUSTON: Exxon Mobil Corp on Friday reported a $1.1 billion second-quarter loss on sharply lower energy demand and prices from the COVID-19...
India posts record fiscal deficit as coronavirus hits economy
NEW DELHI: India's fiscal deficit touched a record $88.5 billion in the April-June quarter, 83.2pc of the target for the whole of...
Oil prices slide as virus surge weighs on demand outlook
LONDON: Oil prices fell on Thursday, as surging coronavirus infections around the world threatened to jeopardise a recovery in fuel demand just...
India’s Reliance takes over ExxonMobil as world’s second most valuable energy companyÂ
BENGALURU: India’s Reliance Industries has taken over from America’s largest energy company ExxonMobil as the world’s second most valuable energy company after...
End game for oil? OPEC prepares for an age of dwindling demand
'Possibility exists in the minds of all key players that consumption might never fully recover'