Madrid: A push for independence in the rich Spanish region of Catalonia has companies there worried that a break from the rest of Spain could also fracture their businesses.
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Madrid: A push for independence in the rich Spanish region of Catalonia has companies there worried that a break from the rest of Spain could also fracture their businesses.
Regional president Artur Mas called early elections there for November 25 after the central government rejected his call for Catalonia to raise and spend its own taxes, saying
Sydney: Reserve Bank of Australia Governor Glenn Stevens is among the contenders to become the next governor of the Bank of England, the Sunday Times reported, citing unidentified sources.
Stevens was approached by UK Treasury officials as part of the process to replace current governor Mervyn King, according to the report. Stevens has been at his
Sydney: Lower interest rates will help Australia weather deteriorating conditions in the world economy, Treasurer Wayne Swan said.
“While weaker global demand inevitably impacts on our economy and government tax revenues, it’s important to remember Australia’s fundamentals remain strong,” Swan said on Monday in his weekly economic note. “We’ve got c
Tokyo: Mizuho Financial Group, Japan’s third-biggest bank by market value, said it will book 173.7 billion yen (Dh8 billion) in losses relating to declining values of its domestic stock holdings last quarter.
The banking group expects to recognise the valuation losses in the three months ended September 30, Mizuho said in a statement to the Tokyo
Seoul : South Korea’s automakers reported record sales in China last month while Japanese manufacturers posted declines after anti-Japan protests over disputed islands escalated in the world’s largest vehicle market.
Hyundai Motor Co., South Korea’s biggest automaker, and its affiliate Kia Motors Corp., sold a combined 127,827 v
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