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Chinese foreign trade falls

CHINA’S foreign trade tumbled 10.8 per cent in January to 2.09 trillion yuan (296 billion euros), the government said Sunday. Imports plunged 19.7 per cent to 860 billion yuan (122 billion euros) year-on-year in January, after a dip of 2.4 per cent in December, the General Administration of Customs announced. Exports declined 3.2 per cent to 1.23 trillion yuan, compared ... Read More »

Falling oil prices force Iraq to revise budget

BAGHDAD- FALLING  oil prices forced Iraq’s cabinet on Tuesday to revise its draft 2105 budget, trimming its forecast for oil to $55 a barrel from $60. It trimmed spending to 119 trillion Iraqi dinars ($105 billion) for 2015. Even so, the budget deficit will rise to 25 trillion dinars. The decision to lower the forecast oil price may satisfy some ... Read More »

Why a Samsung takeover of Blackberry would make sense

SEOUL – SOUTH  Korea January Samsung and Blackberry have splashed frigid water on a report that Samsung wants to make a $7.5 billion takeover offer for the struggling Canadian device maker. That, however, did not stop tech industry watchers from dissecting all the possibilities. Once strong in mobile devices, Blackberry is now an also ran, overtaken by the touchscreen offerings ... Read More »

Nissan recalls 52 000 cars because of faulty air-bags

NEW YORK -NISSAN is recalling more than 52,000 vehicles for passenger air bags that can explode with too much force and send shards of metal into the passenger compartment. The vehicles have air bag systems made by troubled Japanese supplier Takata Corp. Nissan recalls are among nearly 8 million from 10 automakers over the Takata air bags. The recall announced ... Read More »

International oil prices go down

OIL PRICES prices eased on  Thursday in choppy deals as investors digested upbeat US inventories figures ahead of European interest rate decisions and fresh economic data Brent North Sea crude for delivery in December handed back 18 cents to $82.77 a barrel nearing midday in London. US benchmark West Texas Intermediate for December dipped 21 cents to $78.47 a barrel ... Read More »

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