WASHINGTON: The International Monetary Fund announced a minimum interest rate on its unique SDR currency as it fights off the impact of sagging...
WASHINGTON: The International Monetary Fund announced a minimum interest rate on its unique SDR currency as it fights off the impact of sagging...
DUBLIN: Staff at Bank of Ireland , the country’s largest bank by assets, are set to receive their first pay increase in six...
NEW DELHI: India’s Finance Minister Arun Jaitley favours a cut in interest rates to trigger demand in the construction sector, a newspaper report...
SHANGHAI: French carmaker Renault Chairman Carlos Ghosn said yesterday that he expects slower growth in Europe’s auto market next year as it continues...
Camels are prepared for export at the loading dock at the seaport in Mogadishu. The Somali government’s grand vision for Mogadishu port under...
An overpass is seen under construction as a train travels past in Wuhan, Hubei province, yesterday. China’s economy is likely to grow by...
Labourers arrange steel structures at a construction site of an apartment in Hanoi, Vietnam, yesterday.
LONDON: Brent crude fell below $86 a barrel yesterday on news of strong supply from Middle Eastern Opec producers and as a confirmed...
MADRID: Two big Spanish finance groups, Bankia and Caixabank, reported rising profits in an encouraging sign for the sector two years after it...
SHANGHAI: US automaker Ford has launched its first vehicles under the luxury Lincoln brand in China, the company said, as it seeks to...
FRANKFURT: The European Central Bank tomorrow releases the results of an unprecedented health check of eurozone banks before assuming the role of the...
DUBAI/KUALA LUMPUr: Aabar Investments is demanding a hefty premium for its minority stake in Malaysia’s No.4 bank, sources say, as the Abu Dhabi...
LONDON: Gold edged lower yesterday and was set to close down for the week due to a firm dollar and robust economic data...
LONDON: United Arab Shipping Company (UASC) is on a major expansion drive, investing more than $2bn in bigger ships and forming alliances with...
NEW YORK: A last-minute increased offer by Brazilian juice exporter Cutrale Group and investment bank Safra derailed banana giant Chiquita’s plans to merge...
NEW YORK: Procter & Gamble yesterday announced plans to unload its Duracell battery business as it reported a big drop in earnings following...
China’s President Xi Jinping (right) receiving guests at the Asian Infrastructure Investment Bank launch ceremony in the Great Hall of the People in...
A man walks past a Hyundai Motor Co dealership in Seoul yesterday as the company posted a 29 percent year-on-year fall in its...
