NEW YORK: Hostess Brands Inc, the bankrupt maker of Twinkies and Wonder Bread, has sought a US court’s permission to go out of...
NEW YORK: Hostess Brands Inc, the bankrupt maker of Twinkies and Wonder Bread, has sought a US court’s permission to go out of...
LONDON: Major banks have announced some 160,000 job cuts since early last year and with more lay-offs to come as the industry restructures,...
WASHINGTON: An oil platform in the Gulf of Mexico off the Louisiana coast caught fire yesterday killing at least two people, the Coast...
LONDON: Oil rose towards $109 a barrel yesterday as a showdown between Israel and the Palestinians stoked worries about supply, but ample stockpiles...
A customer at a vegetable market in Kuala Lumpur yesterday. The State Bank of Malaysia said that the economy expanded by 5.2 percent...
LONDON: European stock market indices dropped yesterday as investors focused on US budget talks to avert a fiscal crisis that could see hundreds...
ASHGABAT: Turkmenistan has resumed gas supplies to Iran after a brief stoppage for repairs along a stretch of pipeline linking the two countries,...
NEW DELHI: India will struggle to meet its already swollen deficit target this year after a dismal response to this week’s auction of...
BRUSSELS: The eurozone tipped back into recession for the second time in just three years in the third quarter, data showed yesterday, making...
DUBAI: When two real estate developers from the United Arab Emirates announced a big project in Egypt last month, it was more than...
PARIS: Global banking reforms known as Basel III are stumbling in Europe and the United States, but the rules have been published by...
1DOHA: The main index of Qatar Exchange lost 124.26 points or 1.45 percent last week to close at 8,448.49 points. Of the 42...
Traders work on the floor of the New York Stock Exchange yesterday. US stocks were little changed in choppy trading as investors found...
LONDON: British energy giant BP said yesterday that it had agreed to pay more than $4.5bn in US fines related to the devastating...
HELSINKI/BRUSSELS: The European Union’s top economic official sought to rule out any write-off of Greece’s debt to governments yesterday after a European central...
LONDON: State-owned operator Qatar Telecom (Qtel) has sent out requests for proposals (RFPs) to banks for a syndicated loan of up to $1bn,...
MUMBAI: Global demand for gold fell 11 percent in the third quarter on an annual basis, as buying in key market China dipped...
WASHINGTON: Superstorm Sandy drove a surge in new claims for US jobless benefits last week and weighed on factory activity in November, providing...
