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Greece staring at deep recession
07-03 22:14 (Business)
Greece is facing a worse-than-expected recession, new deputy finance minister Christos Staikouras warned as Athens prepared to bargain for easier terms on its ...
IMF predicts US growth at 2pc
07-03 22:10 (Business)
The IMF predicts the United States economy will grow 2 percent this year and 2.3 percent the next, roughly in line with forecasts by the Federal Reserve and...
US factory orders rise in May
07-03 22:06 (Business)
New orders for US factory goods increased more than expected in May. The Commerce Department said new orders for manufactured goods gained 0.7 percent during...
Barclays chief operating officer exits
07-03 22:00 (Business)
Barclays chief operating officer Jerry del Missier has resigned, the bank announced, Agence France-Presse reports.
Gold leaps to US$1,615
07-03 21:54 (Business)
Gold prices advanced more than 1 percent, rising above US$1,610 (HK$12,520) per ounce. Reuters reports that spot gold gained 1.3 percent on the day to US$1,...
US stocks open lower
07-03 21:44 (Business)
US stocks opened lower as traders prepared for a shortened session, the day before Independence Day holiday. The Dow Jones Industrial Average slipped 16.50...
Sweeteners urged for elderly homes builders in China
07-03 21:36 (China)
Beijing should provide financial incentives such as tax benefits and construction subsidies to private real estate developers to build retirement homes, real estat...
IMF predicts 1.2pc second half growth in Germany
07-03 21:21 (Business)
Germany’s economy faces near term downside risks, the IMF said noting also that several conditions are in place for a domestic demand-led recovery following th...
Oil hits US$100 on supply concerns
07-03 21:01 (Business)
Oil topped US$100 (HK$780) a barrel for the first time in three weeks as tension over Iran increased concerns about threats to supply and as investors bet on ...
Boeing forecasts 12,000 deliveries to Asia
07-03 20:39 (Business)
Boeing said the largest number of planes, or 12,030 aircraft, will be delivered to Asia Pacific, as it released a 20-year forecast for global demand for airliner...
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