Business & Finance AIG to sue BofA over mortgage bonds: NY Times NEW YORK : US insurance giant American International Group is planning to sue Bank of America to recover more than $10 Published 08 Aug, 2011 06:09am
Markets Turkey's benchmark bond yield rises to 8.69pc in OTC trade ISTANBUL : Turkish bond yields rose on Monday morning due to increasing global risk aversion after the S&P downgraded th Published 08 Aug, 2011 06:04am
Markets Aussie & NZ$ dumped as stocks, commodities slide SYDNEY/WELLINGTON: The Australian and New Zealand dollars slumped to multi-week lows on Monday as investors rushed to Published 08 Aug, 2011 05:59am
Markets Rio Tinto, Mitsubishi bid $1.6bn to mop up Coal & Allied MELBOURNE : Rio Tinto and Mitsubishi Corp proposed buying out Coal & Allied for A$1.49 billion ($1.56 billion), aiming Published 08 Aug, 2011 05:54am
Markets Australia shares drop 2pc; Aquila slumps MELBOURNE : Australian stocks fell back in afternoon trading on Monday, sliding 2.1 percent on worries about global debt Published 08 Aug, 2011 05:51am
World Storm kills three people in South Korea SEOUL : Tropical Storm Muifa left three people dead and one missing as it battered South Korea 's west coast with stron Published 08 Aug, 2011 05:48am
Top News S&P says Asia-Pacific sovereign ratings safe SYDNEY : Standard & Poor's on Monday said its US credit rating downgrade will have no immediate impact on Asia-Pacific Published 08 Aug, 2011 05:40am
World Dalai Lama's political successor sworn in DHARAMSHALA: Lobsang Sangay, a 43-year-old Harvard scholar, was sworn in Monday as head of the Tibetan government in exi Published 08 Aug, 2011 05:33am
Top News Japan welcomes US, Europe moves to calm markets TOKYO : Japan on Monday welcomed global action to calm markets and said it hoped they would ensure financial stability Published 08 Aug, 2011 05:29am
Markets Asian stocks slide after US debt downgrade HONG KONG : Asian stocks tumbled on Monday after last week's historic downgrade of the United States ' credit rating, Published 08 Aug, 2011 05:20am
Top News Gold strikes record high above $1,700 HONG KONG : The price of gold struck a record high above $1,700 an ounce on Monday with dealers flocking to the safe hav Published 08 Aug, 2011 04:59am
Top News South Korea to keep H2 policy focus on fighting inflation SEOUL : South Korea will continue to put policy priority on fighting inflation with the downgrade in the US credit r Published 07 Aug, 2011 10:13am
Business & Finance Swiss to pay 2bn Swiss franc for German tax deal ZURICH : Germany has agreed that Swiss banks will only have to pay 2 billion Swiss francs ($2.6 billion) as an upfront Published 07 Aug, 2011 10:08am
Markets Iraq says qualifies 41 companies for 4th energy bid BAGHDAD : Iraq has qualified 41 companies to participate in its 4th energy bidding round, which is scheduled to take p Published 07 Aug, 2011 10:03am
Business & Finance IHC seeks 727 posts for running judiciary affairs ISLAMABAD : The Islamabad High Court (IHC) has demanded of Ministry of Law, Justice and Parliamentary Affairs 727 posts Published 07 Aug, 2011 09:53am
Business & Finance Dubai's Arabtec Q2 net profit plunges 74pc DUBAI : Dubai builder Arabtec's second quarter net profit fell 74 percent, missing analysts' forecasts as the firm's g Published 07 Aug, 2011 09:39am
Markets No risk to dollar peg, would buy US debt if yields rise: UAE ABU DHABI : The United Arab Emirates will keep its US dollar peg in the aftermath of S&P's downgrade of the world's Published 07 Aug, 2011 09:33am
Business & Finance Malaysia's Khazanah, AirAsia deny MAS deal KUALA LUMPUR : Malaysia 's Khazanah Nasional and AirAsia shareholders on Sunday both denying news reports that the latt Published 07 Aug, 2011 09:29am
Top News ECB's Paramo says no regrets over rate rise: Media MADRID : The European Central Bank has no regrets over raising interest rates in July despite market turmoil and rates r Published 07 Aug, 2011 09:22am
Markets Trichet wants final ECB decision on buying Italian bonds by Sunday FRANKFURT : European Central Bank President Jean-Claude Trichet wants the policy-setting Governing Council to take a fin Published 07 Aug, 2011 09:13am
Afghan Taliban target ‘several points’ in Pakistan in retaliation for airstrikes: Afghan defence ministry