Recent Articles

Wal-Mart tweaks discount strategy for holiday season

Wal-Mart tweaks discount strategy for holiday season

REUTERS: Wal-Mart Stores Inc said it would offer fewer “this weekend only” short-term deals during the holiday shopping season while discounting thousands of items for 90 days as it seeks to entice customers by being more consistent on pricing. The retailer also said it was launching a new mobile application to reduce waiting times for […]

October 29, 2015 | By | Reply More
US economy slows to 1.5% growth in Q3

US economy slows to 1.5% growth in Q3

WASHINGTON: The US economy cooled in the third quarter but underlying consumer demand remains strong as the Federal Reserve considers its first interest rate hike in nine years. The Commerce Department reported on Thursday (Oct 29) that gross domestic product – the broad measure of goods and services – expanded at an annual rate of […]

October 29, 2015 | By | Reply More
Boeing lands international 787 orders worth US$3.5 billion

Boeing lands international 787 orders worth US$3.5 billion

SEATTLE: Boeing Co landed orders from two foreign carriers for its high-tech 787 Dreamliner on Thursday worth more than US$3.5 billion at list prices. The deals with El Al Israel Airlines Ltd and Australia’s Qantas Airways Ltd mean that 59 airlines and leasing companies have now ordered Boeing’s latest jetliner. The orders came as rival […]

October 29, 2015 | By | Reply More
European stocks pause as Fed hints at rate hike

European stocks pause as Fed hints at rate hike

LONDON: European equities dipped on Thursday (Oct 29) after the US Federal Reserve hinted at a potential December interest rate rise, sparking fresh investor uncertainty. News of a possible hike before year-end took the wind out of an advance across global markets in October supported by expectations that an increase would be delayed. “The Fed […]

October 29, 2015 | By | Reply More
Wal-Mart banks on in-store pickup, tweaks discount strategy for holiday season

Wal-Mart banks on in-store pickup, tweaks discount strategy for holiday season

REUTERS: Wal-Mart Stores Inc said it has launched a new mobile application to reduce in-store pickup times for online orders during the holiday shopping season, focusing on an area where it believes it has an advantage over online rivals like Amazon.com. The world’s largest retailer by revenue, in a media briefing to outline its holiday […]

October 29, 2015 | By | Reply More
Qatar Airways begrudgingly moves with the times

Qatar Airways begrudgingly moves with the times

GIVEN that trade unions are banned in Qatar, it should come as no surprise that the International Transport Workers’ Federation (ITF) has never been the strongest supporter of Qatar Airways. The two sides have been at loggerheads since 2013, when the ITF obtained copies of an employment contract for the airline’s cabin crew. It was […]

October 29, 2015 | By | Reply More
Apple opens first Middle East outlets in UAE

Apple opens first Middle East outlets in UAE

DUBAI: US technology giant Apple launched its first two stores in the Middle East on Thursday (Oct 29), with hundreds flocking to their openings in the rich Gulf emirates of Dubai and Abu Dhabi. The new stores opened as the firm, the world’s biggest company by market value, seeks further growth in emerging markets, which saw a […]

October 29, 2015 | By | Reply More
Wall Street lower as Fed puts Dec rate hike in play

Wall Street lower as Fed puts Dec rate hike in play

REUTERS: U.S. stocks eased on Thursday after the Federal Reserve rekindled expectations of an interest rate hike in December and data suggested the economy was ready. The Fed, which kept rates unchanged at its policy meeting that ended Wednesday, downplayed concerns about global growth and indicated confidence in the U.S. job market’s recovery. Data on […]

October 29, 2015 | By | Reply More
US judge rejects creditors' request to remove Caesars' lawyers

US judge rejects creditors' request to remove Caesars' lawyers

CHICAGO: A judge has rejected an unusual attempt by junior bondholders of Caesars Entertainment’s bankrupt operating unit to disqualify law firm Kirkland & Ellis from leading the casino group’s US$18 billion Chapter 11 restructuring. Jones Day, the junior bondholders’ law firm, had asked the court to reconsider a May order that allowed the bankrupt unit […]

October 29, 2015 | By | Reply More
6% on-year increase in visitors to Singapore in August

6% on-year increase in visitors to Singapore in August

SINGAPORE: The number of visitor arrivals in the Republic hit 1.4 million tourists in August, an increase of 6 per cent compared to a year ago, said the Singapore Tourism Board on Thursday (Oct 29). Following a sluggish start to the year, there was an upward trend in visitor arrivals since May, supported by numbers […]

October 29, 2015 | By | Reply More