Business News

Hong Kong assured of rice from Thailand after panic-buying

Hong Kong assured of rice from Thailand after panic-buying

Easter holidays and higher fuel prices impact carrier SAS

Happy Easter DayStockholm - The Easter holidays impacted the number of passengers flying w

Swedish amateur prospectors in talks with Canadian firm

sweden flagStockholm - Two women from a small village in northern Sweden were in talks with a Ca

German factory orders slump

Berlin - German factory orders unexpectedly fell for the third consecutive month in February, data released Friday showed, helping to raise new concerns about the outlook for Europe's biggest econo

Arab bourses volatile ahead of first quarter results

Amman - Volatility and speculation are expected to reign at Arab stock markets in the coming couple of weeks, as investors monitor first quarter results and other moving factors, financial analysts said Friday.

"We expect regional markets to remain volatile in the coming few weeks pending the release of first quarter results," Wajdi Makhamreh, Deputy CEO of the Amman-based Sanabel International Brokerage, told Deutsche Presse-Agentur dpa.

"I believe the improving performance at international markets and the adamantly soaring oil prices will reflect positively on Arab bourses, particularly in the oil-rich Gulf region," he said.

EU member states reduce development aid in 2007

Brussels - The European Union's 27 member states in 2007 spent less money on development aid for the first time since 2000, the European Commission said on Friday.

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