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Britain to become Europe’s biggest economy by 2030 – report

London souvenirs are pictured on display outside a store on Oxford Street in central London December 22, 2013. AFP FILE PHOTO

Britain will surpass France and Germany to become Europe’s biggest economy by 2030, according to a study released on Thursday.

Posted: December 27th, 2013 in Latest Business Stories | Read More »

Dollar edges down in Asia ahead of Yellen remarks – Lead

The Philippines prepaid more foreign debts in 2013 than the year before, thus causing its outstanding obligations to non-Filipino creditors to decline. AP FILE PHOTO

The dollar edged down in Asia Wednesday, taking a breather from a rally driven by speculation the Fed will soon start tapering its huge stimulus drive.

Posted: November 13th, 2013 in Latest Business Stories | Read More »

Asian shares mostly up as US avoids default

Illegal parking agents cycle past an electronic stock board of a securities firm in Tokyo, Thursday, Oct. 17, 2013 as Japan's bench mark Nikkei 225 Index closed at 14,588.51 after gaining 119.37 points, or 0.83 percent. An eleventh hour agreement that averted a U.S. government debt default boosted Asian stock markets Thursday. AP

Asian shares mostly rose Thursday after US lawmakers passed a last-minute bill to reopen the government and raise the country’s borrowing limit, avoiding a devastating default that threatened to spark another global recession.

Posted: October 17th, 2013 in Latest Business Stories | Read More »

A year after bailout fears, Spain wins back investors

AP FILE PHOTO

Cast as the sick man of the eurozone a year ago, Spain seems at last to be luring back investors despite lingering threats to its recovery.

Posted: September 22nd, 2013 in Latest Business Stories | Read More »

ECB faces balancing act on rates as eurozone recovers

AFP FILE PHOTO

The European Central Bank faces a delicate balancing act at its policy meeting this week as the nascent recovery in the crisis-stricken euro area remains extremely vulnerable to setbacks.

Posted: September 1st, 2013 in Latest Business Stories | Read More »

Dollar sags in Asia on Syrian tension

AFP FILE PHOTO

The dollar edged down against the safe-haven yen in Asia on Tuesday due to concerns over a possible US military action against Syria.

Posted: August 27th, 2013 in Latest Business Stories | Read More »

Tokyo shares open higher on rising dollar

A woman takes a picture of electronic stock board of a securities firm in Tokyo Friday, Aug. 2, 2013. AP Photo/Koji Sasahara)

Tokyo shares opened higher on Tuesday, lifted by a strong dollar after a weak lead from Wall Street.

Posted: August 13th, 2013 in Latest Business Stories | Read More »

Dollar dips against euro as traders await Fed meeting

AFP FILE PHOTO

The dollar weakened slightly against the euro Friday as traders awaited next week’s Federal Reserve meeting hoping for clearer guidance on stimulus policy.

Posted: July 27th, 2013 in Latest Business Stories | Read More »

Dollar slips in Asian trade

AFP FILE PHOTO

The dollar slipped in Asia on Friday as poor US data weighed, while the euro was mixed after an upbeat German business climate index propelled it higher in New York.

Posted: July 26th, 2013 in Latest Business Stories | Read More »

Dollar, euro under pressure in Asia

US dollar, Indonesian rupiah and Chinese renminbi currencies are displayed in the poster of a money exchange shop in Jakarta on June 12, 2013.  AFP FILE PHOTO

The dollar and euro came under pressure in Asia Thursday as political turmoil in Portugal and Egypt sent investors to the safe-haven yen, ahead of a European Central bank meeting later in the day.

Posted: July 4th, 2013 in Latest Business Stories | Read More »

Dollar steady in Asian trade after Fed rally

AP FILE PHOTO

The dollar was steady in Asia Friday after a rally fuelled by the US Federal Reserve’s signal that it could start reeling in its stimulus scheme this year, while worries about China’s economy spooked investors.

Posted: June 21st, 2013 in Latest Business Stories | Read More »

Yen weakens in Asian trade

AFP FILE PHOTO

The yen weakened against other major currencies in Asian morning trade on Friday as risk sentiment improved, with Tokyo stocks bouncing back following the previous day’s seven-percent plunge.

Posted: May 24th, 2013 in Latest Business Stories | Read More »

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