Yellow metal prices fail to recover valueKARACHI: Yellow metal prices in international and domestic markets witnessed further decline in prices as interest of investors and hedgers remained insignificant. However, ready market buying prices...
Dollar hits two-week high, world shares climb as risk appetite returnsLONDON: The dollar rose to its highest level in two weeks on Thursday and world shares rebounded amid a broader recovery in global risk sentiment. The US currency earlier slipped against the safe-have...
Erdogan in Athens; new Brexit offer expectedLONDON: Turkish President Tayip Erdogan arrives in Athens today for what will be the first visit by a Turkish head of state for 65 years, prompting hopes that relations between the two countries could...
General Electric to cut 12,000 jobs in power business revampZURICH: General Electric Co is axing 12,000 jobs at its global power business, the struggling industrial conglomerate's latest effort to shrink itself into a more focused company. The US company launc...
US jobless claims decline for third straight weekWASHINGTON: The number of Americans filing for unemployment benefits unexpectedly fell last week, suggesting a rapid tightening of the labor market that bolsters expectations the Federal Reserve will...
Holidays sink German industrial output in OctoberBERLIN: German industrial production fell unexpectedly in October, data showed on Thursday, but the cause was probably public holidays that let workers take long weekends, the Economy Ministry and ana...
Re-emerging supply, lower demand push down oil refining marginsSINGAPORE: Profits on refining fuel oil have been hammered to multi-month lows over the past two weeks on emerging signs of growing supply and faltering demand, retreating from stubbornly elevated lev...