7-day Archive: 

Business

Nasdaq vaults to 11-year high on surge in jobs

NEW YORK, Feb 4 — A surge in hiring in the world’s largest economy last month drove the Nasdaq to an 11-year high yesterday as optimism grew that the labour market is on a steady path to recovery.

The broad-based gains on solid trading volume also sent the Dow Jones industrial average near a four-year high. The S&P 500 extended its 2012 ... Read More

Job seekers crowd to visit booths of companies at a job fair in Weifang, Shandong province, February 3, 2012. — Reuters pic
Job seekers crowd to visit booths of companies at a job fair in Weifang, Shandong province, February 3, 2012. — Reuters pic

Wall Street analysts struggle to predict Apple

SAN FRANCISCO, Feb 4 — By day, Robert Leitao manages a Catholic church in Southern California. By night, he indulges his other passion: predicting Apple Inc’s results.Leitao is part of a cadre of amateur ... Read More

US job growth surges, jobless rate drops to 8.3pc

WASHINGTON, Feb 3 — The US economy created jobs at the fastest pace in nine months in January and the unemployment rate dropped to a near three-year low of 8.3 per cent, providing some measure of comfort ... Read More

Global markets: Stocks, dollar rise on US jobs jump

NEW YORK, Feb 3 — Global stocks surged today as a jump in US job growth whetted investor risk appetite, though easing expectations for more liquidity from the Federal Reserve pressured the euro.US nonfarm ... Read More

Youngman bids for Saab, receivers cool, says source

STOCKHOLM, Feb 3 — Chinese carmaker Zhejiang Youngman Lotus Automobile has made a 3 billion crowns (RM1.3436 billion) offer for bankrupt Swedish group Saab which has drawn a cool response from receivers, ... Read More

FTSE seen opening flat

LONDON, Feb 3 — The FTSE 100 index is seen opening flat today, according to financial bookmakers, as investors keep to the sidelines with all eyes likely to be directed to January’s US jobs report, due at ... Read More

A sobering look at Facebook

SAN FRANCISCO, Feb 3 — It’s the year’s hottest initial public offering, but some wealth managers find themselves having a hard time recommending Facebook to their clients.The world’s biggest social ... Read More

Brent above US$112 on Iran; eyes on US jobs

LONDON, Feb 3 — Brent crude rose above US$112 (RM338.24) today after Iran’s supreme leader warned of retaliation over an oil embargo “at the right time”, although caution before the latest US jobs data ... Read More

Hungary’s Malev stops flying as planes held overseas

BUDAPEST, Feb 3 — Hungarian flag-carrier Malev ceased operating early today, ending 66 years of almost continuous service, after its planes were held overseas for unpaid debts.Prime Minister Viktor Orban ... Read More

Posen leans towards £75b in extra QE

LONDON, Feb 3 — Bank of England policymaker Adam Posen looks set to vote for another cash injection for the faltering British economy next week, and expressed some confidence that other central bankers ... Read More

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