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South-East Asia takes a hit from US recovery signals 23 Aug 2013 | 12:10 pm
In the short-term, signs that the US economy is on the mend have not been good news for South-East Asia's little tigers.
German sports car maker Wiesmann goes into liquidation 22 Aug 2013 | 07:24 pm
German boutique carmaker Wiesmann, which produces exclusive BMW-powered sports cars with Austin Healey-style looks, has gone into liquidation.
Philadelphia to borrow $50 mln for on-time school opening 16 Aug 2013 | 03:42 pm
The city of Philadelphia will borrow $50 million in the capital market for its cash-strapped public schools so they can rehire about 1,000 furloughed employees and open on time on Sept. 9, Mayor Micha...
Oil rises past $107 on Middle East turmoil 16 Aug 2013 | 12:38 pm
The price of oil has been inflated by turmoil and increasing violence in the Middle East, but ample global oil supplies are helping to keep the rise in check.
US Airways-American Airlines merger faces anti-trust challenge 14 Aug 2013 | 01:29 pm
The merger between US Airways and American Airlines faces an anti-trust lawsuit filed Tuesday by the US Justice Department and officials in seven local jurisdictions.
Eurozone recession ended in second quarter 14 Aug 2013 | 11:28 am
Data to be released Wednesday is likely to show an 18-month long recession in the eurozone came to an end in the three months to June following a strong pickup in German economic growth, analysts say.
Brent slips toward $108 after sharp rally 12 Aug 2013 | 01:50 pm
Brent crude dropped toward $108 per barrel on Monday after a sharp rally in the previous session, while investors waited for a slew of US data this week for hints on when the Federal Reserve will star...
Deutsche Bank names new heads of investment bank for Asia Pacific 12 Aug 2013 | 11:50 am
Deutsche Bank AG has named Michael Ormaechea and Bhupinder Singh as co-heads for its corporate banking and securities unit for the Asia Pacific region, according to an internal memo obtained by Reuter...
Asia stocks drop in wake of tepid US hiring 5 Aug 2013 | 01:07 pm
The U.S. economy added 162,000 jobs in July, about 20,000 less than expected, while gains for the previous two months were revised down, the Labor Department said Friday. And most of the gains came fr...
Oil rises above $107 5 Aug 2013 | 11:07 am
Oil rose above $107 a barrel Monday after a disappointing U.S. jobs report made it more likely the Federal Reserve will continue its stimulus program beyond September.
