TOKYO: Iran’s top four oil clients slightly reduced imports from the sanction-hit nation in July and purchases remain down about a fifth for...
TOKYO: Iran’s top four oil clients slightly reduced imports from the sanction-hit nation in July and purchases remain down about a fifth for...
BRUSSELS: Eurozone unemployment was unchanged at an “unacceptable” record 12.1 percent in July but another slight fall in the total jobless after an...
LONDON: A surge in mortgage approvals, a rise in house prices and higher consumer confidence and business lending added to signs of momentum...
SYDNEY: Virgin Australia’s key shareholders backed the airline with major loan commitments yesterday after the carrier plunged into the red as high fuel...
Russia’s Prime Minister Dmitry Medvedev (right) chairs a meeting as he visits the headquarters of the Gazprom company in Moscow yesterday.
SHANGHAI: Chinese oil giant Sinopec is entering Egypt despite the country’s political strife, announcing yesterday it is buying a $3.1bn stake in an...
RIO DE JANEIRO: Brazil, Latin America’s leading economy, expanded 1.5 percent in the second quarter of 2013 compared with the previous three month,...
MADRID: Spain recorded a current account surplus in January-June this year for the first time on record as exports and investor confidence in...
MILAN: Telecom Italia SpA shares jumped as much as 10 percent yesterday, on speculation it might be the next quarry in a recent...
A customer counts money inside a currency exchange shop in Kolkata. NEW DELHI/MUMBAI: The Indian rupee rebounded yesterday from a record low as...
DOHA: Qatar Exchange (QE) snapped its four-day bear run yesterday gaining 71.31 points or 0.75 percent to close at 9,619.04 yesterday. The volume...
LONDON: European stock markets rebounded yesterday as fears eased over any imminent Western intervention in Syria and investors switched focus to a possible...
KHOBAR: Saudi Arabia and Kuwait have shelved their project to develop the Dorra offshore gas field after disagreeing over how to share the...
LONDON: Brent crude oil dropped below $116 a barrel yesterday as the possibility of a delay in a US-led military strike on Syria...
LONDON/GENEVA: Libya’s crude oil exports have shrunk to just over 10 percent of capacity from three ports, out of a possible nine, as...
NEW DELHI: Seventeen-year-old Indian student Appu Sharma was going to apply to a US university to study economics but with the rupee on...
LONDON: The $60 trillion “shadow banking” sector has been given until 2015 to comply fully with its first set of global rules after...
MUMBAI: India is considering a radical plan to direct commercial banks to buy gold from ordinary citizens and divert it to precious metal...
