Business

Bundesbank chief says France must take deficit cuts seriously

BERLIN, May 19 — France has a special responsibility as a euro zone heavyweight to take deficit reduction rules seriously, even though its budget deficit is above target, Bundesbank President Jens Weidmann said in an interview published today.

Weidmann told the Bild am Sonntag newspaper that the credibility of the new euro zone rules would be ... Read More

People withdraw money from United Overseas Bank (UOB), Development Bank of Singapore (DBS) and Oversea-Chinese Banking Corporation (OCBC) automated tellers in Singapore May 17, 2013. — Reuters pic

People withdraw money from United Overseas Bank (UOB), Development Bank of Singapore (DBS) and Oversea-Chinese Banking Corporation (OCBC) automated tellers in Singapore May 17, 2013. — Reuters pic

Recent Articles

Oil rises, despite firm dollar

NEW YORK, May 19 — Oil climbed for a third straight session on Friday, supported by a raft of strong economic data from top oil consumer the United States that also boosted US equities, although a strong ... Read More

Dow, S&P end at records, stocks mark 4th week of gains

NEW YORK, May 19 — US stocks continued their climb into uncharted territory last week, racking up the fourth week of gains in a row as encouraging economic data prompted investors to pick up shares of ... Read More

Abdul Wahid to resign as Maybank president & CEO on June 4

JOHOR BAHARU, May 18 — Datuk Seri Abdul Wahid Omar, recently appointed as Minister in the Prime Minister's Department, will resign as President and Chief Executive Officer of Malayan Banking (Maybank) Bhd ... Read More

EU cites Chinese Telecoms Huawei and ZTE for trade violations

NEW YORK, May 18 — Europe’s top trade official for the first time late on Friday officially cited Chinese mobile telecommunications equipment makers Huawei and ZTE Corp for violating anti-dumping and ... Read More

Germany’s Merkel visits Pope, urges tougher market controls

VATICAN CITY, May 18 — German Chancellor Angela Merkel met Pope Francis on Saturday and, apparently responding to his criticism of a heartless "dictatorship of the economy", called for stronger regulation ... Read More

Indonesia offers 21 oil and gas blocks in tender

JAKARTA, May 18 — Indonesia opened a rights tender for 21 oil and gas exploration blocks today, two of which are for unconventional gas concessions on the islands of Borneo and Sumatra, as Southeast ... Read More

China April housing inflation quickens

BEIJING, May 18 — China’s housing inflation quickened in April, marking the fourth consecutive year-on-year rise and challenging policymakers who are trying to cool record home prices while supporting ... Read More

Tech, labour brandish duelling studies in US immigration fight

WASHINGTON, May 18 — The technology industry and organised labour are locked in a fight that threatens to complicate the US Senate’s immigration bill.At the heart of the debate is whether there is a ... Read More

Talk gets old as rally sails along

NEW YORK, May 18 — With the broad S&P 500 Index gliding once again into uncharted territory and posting four straight weeks of gains, the talk of Wall Street’s rally inevitably hitting a ceiling is ... Read More

Investor group calls on SEC to review change in JP Morgan

NEW YORK, May 18 — Pension and endowment managers today called on US regulators to review the rules for shareholder voting after a firm collecting ballots for JPMorgan Chase & Co cut off the bank’s ... Read More

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