Business

BEIJING: China’s unemployment rate has hit its lowest rate in multiple years at 3.95 percent by the end of September, the ministry of human resources and social security said in a statement on Sunday. From January to September this year,

A Bitcoin sign is seen in a window in Toronto, Canada, May 8, 2014. REUTERS/Mark Blinch/Files NEW YORK: Bitcoin surged to a record high of more than $6,000 on Friday, pushing its market capitalization to $100 billion at one point,

Federal Reserve Governor Jerome Powell attends a conference at the Brookings Institution in Washington, US, August 3, 2015. REUTERS/Carlos Barria/Files WASHINGTON: President Donald Trump is considering a scenario in which he would nominate Fed Governor Jerome Powell and Stanford University

The Philadelphia Energy Solutions refinery owned by The Carlyle Group can be seen against the Philadelphia skyline, March 24, 2014. REUTERS/David M. Parrott/Files NEW YORK: Oil prices were up slightly on Friday in see-saw trade, ending the week up on

LONDON: A leading Chinese investment company announced to invest $500 million in Gwadar in the first phase of a project aimed at building homes for around 500,000 incoming Chinese professionals expected in Gwadar by 2023. China Pak Investment Corporation (CPIC) announced

A salesperson attends to a customer (not pictured) inside a jewellery showroom, during Akshaya Tritiya, a major gold-buying festival, in Mumbai, India April 28, 2017. Photo: Reuters  Demand for gold jumped in India this week on account of Dhanteras and

LEFT: US President Donald Trump. AFP/Jim Watson; RIGHT: US Federal Reserve Chair Janet Yellen WASHINGTON: US President Donald Trump met on Thursday with Federal Reserve Chair Janet Yellen, a White House official said, as he considers whether to give Yellen

The Philadelphia Energy Solutions oil refinery owned by The Carlyle Group is seen at sunset in front of the Philadelphia skyline, March 24, 2014. REUTERS/David M. Parrott/Files HOUSTON: Oil prices fell more than 1 percent on Thursday, breaking four days

Nissan said Thursday it was suspending all production destined for the local market, as Japan’s number-two automaker grapples with a mounting inspection scandal that has already seen it recall some 1.2 million vehicles. “Nissan decided today to suspend vehicle production

THE HAGUE: Unilever, the Anglo-Dutch food and consumer products giant, said Thursday that sales were down in the third quarter, hit by the strong euro and economic fallout from the hurricanes in the United States. Unilever, which owns more than