Thursday 17 April 2014

Saudi hits 3-month low on oil, global fears

Saudi Arabian shares dropped nearly 2 per cent to a three-month low, weighed by declines in the heavyweight banking and petrochemical sectors, after a fall in oil prices and global stocks. The all-share index closed 1.9 percent lower at 6,


Stocks, euro tumble as default fears mount

World stocks and the euro fell sharply on Monday as investors feared a messy Greek default within weeks unless Athens implements the austerity measures demanded by its international lenders. International lenders told Greece on Monday that


Europe debt crisis sparks new fears

International alarm over Europe's debt crisis reached new heights with US President Barack Obama pressing the bloc's big countries to show leadership as talk of a Greek default escalated and markets heaped pressure on Italy. G


Nuclear fears rise; tsunami toll may hit 10,000

Japan fought on Sunday to avert a disastrous meltdown at two earthquake-crippled nuclear reactors as estimates of the death toll from the tsunami that charged across its northeast rose to more than 10,000. Broadcaster NHK, quoting a police


Jobless claims data sparks new US fears

New claims for state jobless benefits unexpectedly rose last week, while manufacturing activity and employment slowed last month, heightening fears the US economic recovery is stalling. The data yesterday added to concerns over the risk of


Safety fears to push up manufacturing costs

A renewed emphasis on product quality after a slew of high-profile safety recalls is likely to mean higher prices for manufacturers who get products from low-cost countries like China, according to a new study. The study by Deloitte Consul


Jobs setback sparks US recession fears

US employers cut payrolls for a third consecutive month last month and the jobless rate jumped to a two-and-half year high, adding more evidence that a housing downturn and credit crisis may have pushed the economy into recession. The Labo

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