Business
Latest stories
Iran Plans Airbus, Boeing Purchases under Finance Deals

Iran plans to buy Airbus and Boeing passenger planes through long-term payment agreements once a nuclear accord with world powers is implemented, the transport minister said.

Iran desperately wants to upgrade its ageing fleet, which has been hamstrung by nuclear-related and other sanctions, making even spare parts precariously difficult to source.

W140 Full Story
Banking Secrecy in Lebanon...Shhhh!

Banking secrecy is a hefty subject. Without going into all the minute details, all that you really need to know for now is: 1) what it is, 2) how it affects you, and 3) how Lebanon applies it.

 1) What it is.

W140 Full Story
Asian Traders Retreat after Wall St Losses on Fed Decision

The early confidence produced by the Federal Reserve's decision to hold interest rates last week turned to fear on Monday as traders took the bank's dovish outlook as a sign of weakness in the global economy.

Most high-yielding -- or riskier -- currencies, which enjoyed healthy rallies last week, retreated as investors moved back into safer assets such as the yen.

W140 Full Story
Oil up in Asia, but Oversupply, Weak Demand Weigh

Oil prices rebounded in Asia Monday but analysts said they remain weighed by a crude oversupply and fresh worries about the world economy after the Federal Reserve decided last week against raising interest rates.

U.S. benchmark West Texas Intermediate for October, which expires on Tuesday, rose 52 cents to $45.20 and Brent crude for November was up 51 cents at $47.98 a barrel in afternoon trade.

W140 Full Story
CEO Search Delay Underscores Woes at Twitter

In the fast-moving world of Silicon Valley, Twitter's search for a new chief executive is moving at a snail's pace, raising concerns about deeper woes at the social media platform.

The San Francisco messaging platform has been searching for a new leader since Dick Costolo announced on June 12 he was stepping down, with co-founder Jack Dorsey holding the job on an interim basis since July 1.

W140 Full Story
Spain's Economic Recovery Masks Lingering Jobs Crisis

Data shows Spain's economy recovering, but tell that to Javier Pichel: this summer he packed and left for the only place he could find a decent job -- Germany.

Millions of Spaniards are scraping by on benefits, family handouts or working cash-in-hand as they wait for the apparent economic rebound to create the hundreds of thousands of jobs the government is promising.

W140 Full Story
Back on Track? Nigeria's Oil Refineries Resume Production

Bright orange flames flare upwards from a pencil-thin chimney at the Port Harcourt Refining Company, sending thick black smoke into the white clouds above Nigeria's southern oil hub.

On the ground, workers in boiler suits and hard hats inspect the tanks, valves and gauges around the metal pipes that stretch up, down and across the facility.

W140 Full Story
China: Over 20 Countries on 'Waiting List' to Join AIIB

More than 20 countries are waiting to join the China-initiated Asian Infrastructure Investment Bank (AIIB), its designated president said Saturday as he allayed concerns it was aimed to challenge U.S. and Japanese influence in the region.

The number could bring the AIIB on a par with or even surpass membership in the Japan-led Asian Development Bank (ADB), which currently has 67 members, 19 of them outside of the Asia Pacific, according to its website.

W140 Full Story
India Central Bank Chief Warns against Growing too Fast

The head of India's central bank on Friday warned Asia's third-largest economy against trying to grow too fast, pointing to the plight of recession-hit Brazil as a cautionary tale.

Reserve Bank of India governor Raghuram Rajan told a gathering of business leaders in Mumbai that the Asian giant must focus on "sustainable growth", built on a bedrock of low inflation.

W140 Full Story
Tokyo to Digest U.S. Rate Decision over Long Weekend

Tokyo investors will be cautiously watching global stock markets for cues next week to gauge the impact of the U.S. central bank's decision not to raise rates, analysts said. 

Dealers will have three extra days to digest the news, which saw Tokyo shares defy a rally across Asia to end the final day of the week lower, as markets will be closed until Wednesday.

W140 Full Story