Top News Thermo Fisher wins EU okay for Phadia takeover BRUSSELS : US laboratory equipment maker Thermo Fisher Scientific Inc secured EU approval on Friday for its $3.5 billi Published 19 Aug, 2011 07:45am
Markets German Bund briefly turns lower in choppy trade LONDON : The German Bund future briefly turned lower in choppy trade on Friday as investors tried to cash in on a rally Published 19 Aug, 2011 07:42am
Markets Turkish shares drop 3pc on risk aversion ISTANBUL : The Turkish equities dropped on Friday after concerns about a global slowdown oriented skittish investors int Published 19 Aug, 2011 07:39am
Markets Swiss franc rises as stock market rout continues ZURICH : The Swiss franc rose against both the euro and the dollar on Friday as growing signs of a slowdown in the US Published 19 Aug, 2011 07:35am
Markets NY coffee still eyes $2.7190/lb SINGAPORE : A bullish target at $2.7190 per lb is intact for New York coffee as an upward wave "v" is progressing. Published 19 Aug, 2011 07:33am
Business & Finance Interbank lending tension is serious: ECB economist FRANKFURT : The European Central Bank is taking signs of interbank lending market tension seriously but feels the situat Published 19 Aug, 2011 07:29am
Markets Japan's Nikkei closes down 2.51pc on global economic fears TOKYO : Japan 's Nikkei index tumbled 2.51 percent Friday to hit a fresh five-month low on deepening worries about the Published 19 Aug, 2011 07:26am
Markets Milling wheat dominates Ukraine wheat harvest KIEV : Ukraine 's Farm Ministry said on Friday the share of milling wheat in the 2011 overall wheat harvest had reached Published 19 Aug, 2011 07:20am
Business & Finance Fed says it is treating US, European banks the same LONDON / NEW YORK : The Federal Reserve Bank is treating foreign banks the same as their US peers, a top policymak Published 19 Aug, 2011 07:19am
Top News RIM set to launch BlackBerry music service: Report NEW YORK : Canada 's Research in Motion (RIM) is developing a new service that would allow subscribers to play music on Published 19 Aug, 2011 07:13am
Markets South Korea won sets fourth weekly fall SEOUL: The South Korean won fell for a fourth consecutive week against the dollar, its longest losing streak in 14 month Published 19 Aug, 2011 07:07am
Business & Finance Philippine Puregold says IPO to raise up to $290mn MANILA : Philippine supermarket chain Puregold Price Club Inc could raise up to 12.42 billion pesos ($290 million) in a Published 19 Aug, 2011 07:01am
Markets Japan July crude steel output almost flat TOKYO : Japan 's crude steel output was almost flat in July from the previous month, as the strong yen hurt steel expor Published 19 Aug, 2011 06:57am
Markets Dollar funding costs rebound on Europe fears HONG KONG : Dollar funding costs rebounded on Friday after a sharp drop in equities reawakened fears that the spreading Published 19 Aug, 2011 06:55am
Business & Finance OTP says Swiss franc gains may boost risk costs BUDAPEST : Hungary 's OTP Bank said on Friday that recent gains in the Swiss franc could boost risk costs at its Hungar Published 19 Aug, 2011 06:50am
Business & Finance UK riots can't stop John Lewis sales rise LONDON : Britain 's biggest department store chain John Lewis said revenue rose last week even though the UK saw wide Published 19 Aug, 2011 06:44am
Markets Growth, debt worries lift Bund futures LONDON : German bond futures edged higher on Friday and could test fresh record highs as investors increasingly worried Published 19 Aug, 2011 06:33am
Markets US bonds rise in Asia, but profit-taking caps gain SINGAPORE : US Treasuries rose in Asia on Friday, supported by weakness in global equities and concerns about the U Published 19 Aug, 2011 06:32am
Business & Finance Air NZ considering offering up to NZ$150mn bonds WELLINGTON : Air New Zealand Limited is considering making an offer to the public in New Zealand of unsecured, unsubor Published 19 Aug, 2011 06:28am
Business & Finance China web giant Baidu apologises after media lashing SHANGHAI : China 's top search engine Baidu has apologised on state television following a barrage of criticism by offi Published 19 Aug, 2011 05:35am