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Jobless claims fall to near a 42-year low

Jobless claims fall to near a 42-year low

WASHINGTON: The number of Americans filing new applications for jobless benefits fell more than expected to near a 42-year low last week, pointing to ongoing tightening in the labor market despite the recent slowdown in hiring. The data released on Thursday provides an upbeat check on the health of the labor market after last week’s […]

October 8, 2015 | By | Reply More
Put your business in the spotlight at the 2015 South African Small Business Awards

Put your business in the spotlight at the 2015 South African Small Business Awards

South Africa, Oct 8: Celebrating the importance and the success of small businesses in South Africa, entries for the 2015 South African Small Business Awards are now open. The awards, hosted by the National Small Business Chamber (NSBC) recognise the tireless journey, hard work, outstanding achievements and vision of entrepreneurs and small businesses from all […]

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Sony considers options for its’ smartphone arm

Sony considers options for its’ smartphone arm

TOKYO: Sony Corp’s chief executive flagged next year as a make-or-break year for its struggling smartphones, saying it could consider other options for the business if it failed to turn profitable. After years of losses, Chief Executive Kazuo Hirai has engineered a successful restructuring drive at Sony, with recent results showing improvement thanks to cost […]

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New Deutsche Bank boss makes a clean sweep, flags six billion euro loss

New Deutsche Bank boss makes a clean sweep, flags six billion euro loss

FRANKFURT: Deutsche Bank’s new boss John Cryan set about cleaning up Germany’s biggest bank on Thursday, unveiling a record pre-tax loss of 6 billion euros (US$6.7 billion) in the third quarter and warning investors of a possible dividend cut. Cryan became chief executive in July with a promise to cut costs. He is accelerating plans […]

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Oil pares gains after US inventories cloud outlook

Oil pares gains after US inventories cloud outlook

LONDON: Oil prices held steady after surrendering early gains on Thursday, as an unexpectedly large rise in U.S. inventory levels dented some of the recent optimism that the oversupply plaguing the market could soon vanish. U.S. crude stocks rose by 3.1 million barrels to 461 million last week as refineries cut output and idled capacity. […]

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Should flyers worry if their pilot dies?

Should flyers worry if their pilot dies?

IT SOUNDED like the plot of out a B horror movie. On Monday, the pilot of an American Airlines flight from Phoenix to Boston took suddenly ill and died, forcing an emergency landing. The next day, the co-pilot of a United Airlines flight between Houston and San Francisco lost consciousness, prompting a diversion to Albuquerque. […]

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US chief knew Volkswagen could be breaking emissions rules 18 months ago

US chief knew Volkswagen could be breaking emissions rules 18 months ago

BERLIN: Volkswagen’s top U.S. executive will tell a panel of U.S. lawmakers on Thursday that he knew as long ago as the spring of 2014 that the German carmaker might be breaking rules on U.S. diesel emissions tests. In written testimony submitted to a congressional oversight panel a day ahead of Thursday’s hearing, President and […]

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VW picks Skoda R&D chief to run technical development – magazine

VW picks Skoda R&D chief to run technical development – magazine

BERLIN: Volkswagen will pick the development chief of its Czech division Skoda to replace suspended executive Heinz-Jakob Neusser as head of technical development at the core namesake brand, Auto Motor und Sport reported on Thursday, citing officials at VW. Neusser was suspended last month together with R&D chiefs of luxury brand Audi and sports-car maker […]

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Bursa Malaysia ends on positive note, profit-taking trims gains

Bursa Malaysia ends on positive note, profit-taking trims gains

KUALA LUMPUR: Bursa Malaysia ended in positive territory today. However, the gains were capped by profit-taking. At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was slightly higher by 2.95 points at 1,692.2 after moving between 1,681.78 and 1,701.21 throughout the day. However, market breadth was negative with losers outpacing gainers by 520 to […]

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Ringgit reverses gains against greenback on profit taking

Ringgit reverses gains against greenback on profit taking

KUALA LUMPUR: The ringgit reversed recent gains against the US dollar to close easier today, as profit taking emerged to curb the upside, a dealer said. At 5pm, the ringgit was quoted at 4.2330/2380 against the greenback from 4.2150/2250 on Wednesday, and after moving as high as 4.2160/2250. The weaker performance was despite improved oil […]

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