Business

Indonesia surprises by hiking interest rates to seven-year high

JAKARTA (AFP): Indonesia’s central bank hiked interest rates Wednesday to their highest for seven years, an unexpected move to boost…

2 months ago

German retirees will get an inflation-busting pension increase this year

BERLIN (AP): Germany’s Cabinet on Wednesday approved a 4.57% rise in retirees’ pensions from this summer, well above the current…

2 months ago

US new home sales rebound

NEW YORK (Reuters): Sales of new US single-family homes rebounded in March from February’s downwardly revised level, drawing support from…

2 months ago

Apple iPhone shipments tumble 19%

BEIJING (Reuters): Apple’s smartphone shipments in China tumbled 19% in the first quarter of the year, the worst performance since…

2 months ago

Volkswagen holds keys to Porsche’s race against Ferrari

BERLIN (Reuters): Porsche’s ability to close a hefty valuation discount to top rival Ferrari could hinge on whether its main…

2 months ago

Japan’s 7-Eleven convenience chain targets aggressive global growth

TOKYO (Reuters): Japanese retail giant Seven & i Holdings said on Tuesday it wanted to see huge growth for its…

2 months ago

Temenos names new CEO

GENEVA (Reuters): Temenos reported first-quarter total software licensing revenue of $84 million on Tuesday and announced the appointment of Jean-Pierre…

2 months ago

Tesla shares rise ahead of quarterly results

NEW YORK (Reuters): Shares of Tesla (TSLA.O), gained on Tuesday ahead of the electric car maker's first-quarter results, with analysts…

2 months ago

Pakistan’s exports to China shrink by 64%

F.P. Report ISLAMABAD: A big decrease of about 64 percent in Pakistan's exports to China has been recorded during current…

2 months ago

Consumer Confidence increases by 1.9 points in March

F.P. Report ISLAMABAD: The Consumer Confidence Index (CCI) improved by 1.9 points to 33.6 points on month-on-month basis during the…

2 months ago

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