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Consumers

Chinese spend billions on Singles’ Day

1 year, 11 months ago
BEIJING: Chinese shoppers unleashed a record deluge of cash online for Singles Day on Friday, Alibaba said, spending almost $18 billion with the e-commerce giant in the world's biggest online shopping promotion. Singles' Day -- named for…

External sharia audits gain traction in Islamic finance: study

2 years, 5 days ago
KARACHI: External sharia audits are gaining support in Islamic finance as consumers and regulators seek more transparency and accountability, a study has found. Islamic banks have traditionally used in-house boards of scholars to determine…

Oil prices down in Asian trade

3 years, 9 months ago
SINGAPORE: Oil prices fell in Asia Monday as dealers await fresh leads from top crude consumer the United States, while analysts warned there were likely still further losses losses to come.