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(MENAFN - AFP) A reported $81 billion injection into China's major banks is probably the first of a series of fresh stimulus measures by Beijing to boost its flagging economy, the world's second largest, analysts said on Wednesday.

Online portal Sina late Tuesday quoted financial institutions as saying the People's Bank of China (PBoC), the central bank, would channel 500 ...

 
(MENAFN - AFP) The United States is likely to remain the world's largest market for diamonds for the next 15 years despite a growing appetite for the gems from China and India, leading producer De Beers said on Wednesday.

China has the fastest growing demand, jumping to a share of about 15 percent of the world's diamond market from less than three percent in 2003.

But ...

 
(MENAFN - AFP) New-generation Apple software for powering its coveted mobile devices is set for release on Wednesday, two days ahead of the arrival of its latest iPhones.

The iOS 8 mobile operating system will be available free for download to many iPhone and iPad models and will be pre-installed on iPhone 6 and iPhone 6 Plus, which hit the market on Friday.

Apple unveiled ...

 
(MENAFN - AFP) Bureaucracy, a lack of competition and a banking system in ruins have ossified the Tunisian economic model, the World Bank said Wednesday, calling for sweeping reforms.

Poverty and soaring unemployment were behind the 2011 uprising when Tunisians overthrew longtime dictator Zine El Abidine Ben Ali.

The World Bank said Tunisians had "surprised the world ...

 
(MENAFN - AFP) Sony on Wednesday raised its forecast annual loss more than fourfold to $2.14 billion, blaming its struggling mobile phone business.

The Japanese electronics giant said it now expects to lose 230 billion yen in the fiscal year to March 2015, up from a previous forecast net loss of 50 billion yen and reflecting a drop in the value of its mobile unit.

Sony ...

 
(MENAFN - AFP) The Syrian opposition said Tuesday it halted a measles vaccination campaign in the northeastern Idlib province following reports children had died after being innoculated.

The announcement was posted on the websites of the Syrian opposition National Coalition and the rebel interim government.

The "interim government's health ministry has instructed a ...

 
(MENAFN - AFP) Ratings agency Standard & Poor's lowered Venezuela's credit rating Tuesday one notch to CCC+, saying "continued economic deterioration" put it at risk of a debt default in the next two years.

The downgrade puts the struggling South American oil giant deep into "speculative grade" rating territory, a warning to investors that the country faces "at least ...

 
(MENAFN - AFP) France's crisis-hit government on Tuesday narrowly won a crunch parliamentary vote of confidence in its economic reform path, in a rare respite for the deeply unpopular President Francois Hollande.

French deputies voted 269 to 244 in favour of the government's policies, after an impassioned speech by Prime Minister Manuel Valls, who vowed to press ahead with ...

 
(MENAFN - AFP) Wall Street stocks posted solid gains Tuesday following reports of a new Chinese stimulus plan as investors awaited Wednesday's US Federal Reserve monetary policy announcement.

The Dow Jones Industrial Average jumped 100.83 points (0.59 percent) to 17,131.97.

The broad-based S&P 500 gained 14.85 (0.75 percent) to 1,998.98, while the tech-rich Nasdaq ...

 
(MENAFN - AFP) US logistics giant UPS, criticized for late deliveries of Christmas presents last year, said Tuesday it has started to hire up to 95,000 temporary workers to avoid repeating the fiasco.

UPS said it needed between 90,000 and 95,000 seasonal employees to handle an anticipated surge in holiday package shipments driven by online shopping that begins in October ...

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