London: British retail sales dashed hopes on Friday of a Christmas boost for a struggling economy, falling on the month in December and growing the least on the year since April.
London: British retail sales dashed hopes on Friday of a Christmas boost for a struggling economy, falling on the month in December and growing the least on the year since April.
The latest official figures support the view that British national output shrank in the fourth quarter and point to a gloomy consumer mood that has shut three well-known
Singapore/Sydney: The yen hovered near a 2-1/2 year low against the dollar on Friday following a dramatic selloff as markets positioned for the Bank of Japan to take bold policy action to tackle deflation.
Sources familiar with the BoJ’s thinking told Reuters the central bank, under relentless pressure from Prime Minister Shinzo Abe, will consider m
London: World shares hit a 20-month high on Friday as encouraging data from the United States and China boosted prospects for the global economy, while the yen hit new lows ahead of next week’s Bank of Japan meeting.
China’s economy grew at a slightly faster-than-expected 7.9 per cent in the fourth quarter of 2012, the latest sign it i
London: Oil prices slipped below $111 (Dh407) a barrel on Friday but retained the bulk of the previous session’s gains, supported by stronger economic growth in China and ongoing supply concerns after UN talks with Iran failed and Algeria’s hostage crisis continued.
Brent crude briefly edged higher after the UN said that nuclear
China’s private equity industry in at a peculiar crossroads. The mainland PE market has been flourishing in recent years due to steady industrial growth, but for the firms themselves, the exit route appears to be choked as of now.
From a near-zero base in 2000, global private equity funds and their start-up local counterparts rushed into the
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