WASHINGTON - US manufacturing activity has risen for the third month in a row in August to the highest point of 2013, a monthly industry survey shows.
MUMBAI - India's currency slid and the share market crashed nearly 3.5 per cent in another major sell-off caused by uncertainty in the Middle East and a new gloomy economic forecast by Goldman Sachs.
MUMBAI - India's currency has slid sharply and the share market has crashed nearly 3.5 per cent in another major sell-off caused by uncertainty in the Middle East and a new gloomy economic forecast by Goldman Sachs.
MADRID - Spain's government says the two-year recession has touched bottom after the eurozone's fourth largest economy eked out a sixth straight month of shrinking jobless queues in August.
LOS ANGELES - US home prices have jumped 12.4 per cent, reflecting a housing market that's increasingly favouring sellers amid a tight supply of available homes for sale.
CARLETONVILLE, South Africa - Thousands of South African gold miners have gone on strike after wage talks broke down, threatening to cause millions of dollars in lost output in the troubled sector.
HONG KONG - Bank of America will sell its entire stake in China Construction Bank (CCB) for around $US1.5 billion ($A1.6 billion), a report says, exiting an investment it made eight years ago.
ROCHESTER, New York - Kodak's trip through bankruptcy is now a memory for the scrapbook.
NICOSIA - Greece's Marfin Investment Group has instigated international arbitration to claw back more than $US1 billion ($A1.1 billion) it lost when the Cypriot bank Laiki was wound up under an EU deal.
MOSCOW - The world's largest gas company, the state-controlled Russian giant Gazprom, has announced that its net profits rose 5 per cent in the first quarter to 380.7 billion roubles ($A12.75 billion).
KANSAS CITY, Missouri - H&R Block Inc's loss widened seven per cent in its fiscal first quarter, as the tax preparer booked higher operating expenses and other costs, offsetting a sharp rise in revenue.
PARIS - French carmaker Renault is proposing a reorganisation of its management structure to eliminate the position of chief operating officer after the person who held the post suddenly stepped down.
HELSINKI - Mobile phone pioneer Nokia has announced the sale of its sinking handset business to Microsoft, which is fighting to catch up with rivals Apple and Google in the fierce smartphone market.
SAN FRANCISCO - US online giant Amazon on Tuesday unveiled an improved version of its market-dominating Kindle e-reader.
NEW YORK - Google has announced the name of the latest version of its Android mobile operating system will be Android KitKat.
LONDON - London business owners have hit out at developers of a new skyscraper, which they blame for starting fires and causing damage by reflecting the sun's rays.
WELLINGTON - Prices of New Zealand dairy products fell in the latest GlobalDairyTrade auction though volumes held up, extending the elevated levels that saw Fonterra Cooperative Group report record sales last month.
WELLINGTON - The New Zealand dollar slid to a six-week low against the Australian dollar after Australia's central bank signalled it had no imminent plans to cut interest rates further, dashing the expectations of some investors.
shailendar kumar
pgdam 1st year
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