Business Blog

China’s Canton Fair hit by ecommerce rise

Traders say international trade fair – seen as a barometer of economic health in the country – is losing business to ecommerce and likes of Alibaba

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Balfour Beatty boss steps down

Balfour Beatty chief executive Andrew McNaughton has quit "with immediate effect" at the same time as the firm issued a profit warning for 2014.

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Indonesia sells 935 bln rph of Islamic bonds, below target; yields mixed

JAKARTA, May 6 (Reuters) - Indonesia&aposs finance ministry sold 935 billion rupiah ($81.18 million) of Islamic bonds at an auction on Tuesday, below an indicative target of 1.5 trillion rupiah, the ministry&aposs debt office said.The ministry sold all offered Islamic bonds but the six-year project-based sukuk, with yields mixed compared with the previous auction on April 22.The weighted average y
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Barclays quarterly profits fall 5%

Barclays' first-quarter profits fall 5% to £1.69bn, following a slump in revenue at its investment bank.

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Vodafone pumps EGP9bn new investments for 3.000 jobs in Egypt till 2017

Vodafone Global revealed its future plan in the Egyptian market within the upcoming years during the meeting of the representatives with Eng. Ibrahim Mehleb the Prime Minister today morning , the Minister Atef Helmy and Britain's ambassador.

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GLOBAL MARKETS-Dollar wilts to 6-1/2 month low, shares gain

* Stocks notch up modest gains after U.S. data, earnings boosts* Major currencies locked in tight ranges, gold firm on safe-haven bid* Wheat hits 13 month high as Ukraine, Russia tensions simmer* China yuan firms, talk of central bank intervention helpsBy Marc JonesLONDON, May 6 (Reuters) - The dollar fell to a 6-1/2 month low on Tuesday despite signs the U.S. economy is emerging from a particular
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