Economy

Dollars

Report Reveals World’s Richest Middle Class Found No Longer in US But in Canada

The Canadian middle class have been found to be now the world's richest in that segment, a report on incomes published on Tuesday in the New York Times said.

Iron ore mining likely to restart in January in Goa

Mining in top iron ore-exporting state of Goa is likely to restart in January next year once all companies have obtained environment and forest clearances from the federal government, a state government source said on Tuesday.

Asian shares rise as Fed Minutes Soothe Sentiment

Asian Stocks Flat after China PMI Meets Expectations

Asian stock markets were little moved on Wednesday after a Chinese manufacturing survey met expectations, but the Australian dollar plunged to a two-week low after data showed surprisingly low inflation in that country's economy.

Travellers enjoy a view of Mount Everest at Syangboche in Nepal, in this December 3, 2009 file photograph. REUTERS/Gopal Chitrakar/Files

Trek at Own Risk; Sherpa Guides Unite, Abandon Mt Everest Climbing Season (PHOTOS)

The lucrative Mt Everest climbing season about to start in mid-May has been cast into doubt as sherpa guides united on Tuesday to abandon 2014's climbing activity following the death of 16 comrades by an avalanche on Friday.

An Airbus A380 jet of Singapore Airlines lands at the airport in Zurich July 14, 2012.

Singapore Airlines Replaces A380 Flights to Sydney and Melbourne with Smaller Boeing 777-300ER

Singapore Airlines announced on Tuesday it has made necessary reductions in its Airbus A380 flights to Sydney and Melbourne.

Australia's Prime Minister Tony Abbott addresses during the CHOGM opening ceremony in Colombo

Australia Jacks Up Air Combat Power, Allots $12B for Purchase of 58 F-35 Joint Strike Fighters

Australia has allotted more than $12 billion from the national coffers for the purchase of 58 F-35 Joint Strike Fighters, as the Abbott government jacks up the country's air combat power and resources to a total of 72 fighter jets by 2020.

Marijuana-based products are displayed at the "Oregon's Finest" medical marijuana dispensary in Portland, Oregon April 8, 2014. Over 20 Oregon cities and counties are moving to temporarily ban medical marijuana dispensaries ahead of a May d

Health Canada Issues Recall Against Purple Kush Medical Marijuana

Concerns over "production practices" had prompted Health Canada to issue a recall notice against a British Columbia supplier of medical marijuana. The specific pot is Purple Kush, Batch PK-10-20-13, manufactured by Greenleaf Medicinals that is based in Nanaimo.

Reserve Bank of New Zealand dollar notes

New Zealand Minister, Economists Slam U.S. Analyst for 'Alarmist' Article on NZ Economy Going to Recession

New Zealand economists have rejected the claims of an analyst writing for U.S. magazine, Forbes, that the country is headed for "a major fall." Jesse Colombo wrote in a Forbes column that New Zealand's housing market was "overvalued" and an increase in interest rates could lead to recession.

Nikkei Stock Exchange

Nikkei Edges up; Caution over Earnings, Ukraine Caps Gains

Japanese shares advanced on Tuesday, taking heart from a solid session on Wall Street, but gains were limited below the two-week intraday high marked the previous day on caution over upcoming earnings reports and tensions in Ukraine.

Philippine Budget Carrier Eyes Flights to New Zealand

A month after air pact between New Zealand and the Philippines was signed in March, one of the latter's budget carriers has applied to mount flights to the Kiwi nation.