LONDON: Britain’s finance minister Philip Hammond began the search for a new governor of the Bank of England yesterday, seeking someone to help steer the world’s fifth-biggest economy, and its…
WASHINGTON: Sales of new US single-family homes rose to a near 1-1/2-year high in March, boosted by lower mortgage rates and house prices. The third straight monthly increase reported by…
SEOUL: South Korea’s Hyundai Motor reported a better-than-expected 24 percent jump in net profit for the January-to-March quarter, as improved business at home and the United States helped offset weaker…
TOKYO: Japanese Prime Minister Shinzo Abe’s ruling bloc suffered two rare losses in by-elections on Sunday in an apparent warning from voters not to get complacent ahead of a national…
RIYADH: Four alleged Islamic State militants were killed on Sunday when authorities thwarted an attack on a state security building in Saudi Arabia’s central Riyadh province, authorities told state media….
TAIPEI: Taiwan’s export orders fell for the fifth straight month in March, and at a much sharper pace than expected, as the island’s manufacturers kept struggling with a drop in…
HONG KONG: Huawei Technologies said yesterday its first-quarter revenue jumped 39 percent to 179.7 billion yuan ($26.81 billion), in the Chinese technology firm’s first-ever quarterly results. The Shenzhen-based firm, the…
LIUZHOU, China/BEIJING: By many measures, General Motors’ China brand Baojun has been an exceptional success story, growing at breakneck speed by selling low-cost no-frills vehicles in smaller cities and rural…
SHANGHAI: World leaders meeting in Beijing this week for a summit on China’s Belt and Road initiative will agree to project financing that respects global debt goals and promotes green…
QINGDAO (China): China will show off new warships including nuclear submarines and destroyers at a parade next week marking 70 years since its navy’s founding, a senior commander said yesterday,…