Business Archive
  • »Buying into Bitcoin

    Sat 22 February / Feb 2014. 04:56 PM
    The Internet currency Bitcoin is surrounded by uncertainty. Is it a speculative bubble? Is it really as anonymous as its proponents claim? Can one actually use it to purchase the legendary White Widow strain of marijuana, or to hire a hit man?
  • »G20 support builds to adopt ambitious target for global growth

    Sat 22 February / Feb 2014. 02:07 PM
    The world's top economies may agree to set an ambitious target for faster global growth at a weekend meeting in Sydney, where major central banks are also being urged to coordinate policies to avoid "surprises" that could further roil emerging markets.
  • »Facebook to buy WhatsApp for $19 billion

    Thu 20 February / Feb 2014. 01:44 PM
    The transaction involves $4 billion in cash, $12 billion in stock and $3 billion in restricted stock that vests over several years. The WhatsApp deal is worth more than Facebook raised in its own IPO and underscores the social network's determination to win the market for messaging.
  • »Oil markets tight, energy agency warns

    Thu 13 February / Feb 2014. 05:05 PM
    World oil markets are unexpectedly tight as growth in advanced economies picks up, the IEA warned on Thursday, urging OPEC to skip a seasonal output drop as stocks touch six-year lows.
  • »Airbus gets first A380 order for 2014 with $8.3 bln deal

    Wed 12 February / Feb 2014. 03:48 PM
    Airbus on Wednesday received its first order of the year for its flagship A380 when leasing firm Amedeo signed an $8.3 billion deal for 20 of the superjumbos.
  • »Toyota recalls 1.9 mn Prius cars worldwide

    Wed 12 February / Feb 2014. 03:46 PM
    Toyota on Wednesday announced a global recall of 1.9 million of its signature Prius hybrid cars, dealing a blow to a brand favoured by the eco-conscious including Hollywood celebrities.
  • »US takes India to WTO on solar energy

    Tue 11 February / Feb 2014. 04:54 PM
    The United States on Monday said it would take India to the World Trade Organization to gain a bigger foothold for U.S. manufacturers in its fast-growing solar products market, adding another irritant to an already strained relationship.
  • »Bitcoin plunges after indefinite halt in withdrawals

    Tue 11 February / Feb 2014. 02:46 AM
    The price of the digital currency bitcoin slid to its lowest level in nearly two months on Monday after bitcoin digital marketplace Mt. Gox said a halt on withdrawals it announced on Friday would continue indefinitely after it detected "unusual activity".
  • »London's finance hub changes tactics in meeting militant threat

    Mon 10 February / Feb 2014. 04:14 PM
    British police announced new tactics to deter militant attacks on London's financial district on Monday, relying on large-scale and unpredictable deployments at key points rather than static "Ring of Steel" checkpoints used in the past.
  • »Australia losing last auto producer Toyota

    Mon 10 February / Feb 2014. 03:50 PM
    Toyota on Monday said it will stop making cars in Australia in less than four years, bringing the country's auto industry shuddering to a halt, despite appeals by Prime Minister Tony Abbott.
  • »Gold rises on growth fears, focus on Fed's Yellen testimony

    Mon 10 February / Feb 2014. 03:49 PM
    Gold rose on Monday after a weak U.S. jobs report last week raised questions over economic recovery, which could potentially slow the pace of the Federal Reserve's stimulus tapering.
  • »Currency black market shows limits of Egypt's recovery

    Tue 4 February / Feb 2014. 02:00 AM
    Egypt's central bank has taken extraordinary steps to prop up its currency and curb a black market in foreign exchange - but in back alleys and money changing shops around the country, illicit dealing continues to thrive.
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