Business

Former Goldman Sachs Group Inc board member Rajat Gupta departs Manhattan Federal Court after being sentenced in New York. Gupta will begin serving...

IMF Managing Director Christine Lagarde with Mozambique’s Finance Minister Manuel Chang (left) in the concluding roundtable at the Africa Rising Conference at the...

Doha: Halul Offshore Services Co (HOSC) and its parent company, Milaha, have taken delivery of their newest state-of-the-art Dive Support Vessel (DSV) “Shaddad”. ...

DOHA: Qatar Islamic Insurance Company (QIIC) yesterday announced that ratings agency Moody’s Investors Service has affirmed its ‘Baa2’ insurance financial strength rating (IFSR)....

MADRID: Prime Minister Mariano Rajoy announced a new stimulus plan to boost Spain’s competitiveness, including €6.3bn ($8.6bn) of investments and a cut in...

Doha: Oman is on its way to a new growth model, QNB Group said in a weekly report yesterday.  Figures released last month...

London: When Apple’s Chief Executive Tim Cook takes the stage at the Moscone Centre in San Francisco tomorrow, he will face one key...

CAIRO: Egypt has launched a tender to import hundreds of thousands of tonnes of petroleum products in the third quarter of 2014, an...

Tunis: Tunisia’s oil production has declined, to reach for the first time 59,000 barrels per day from 115,000 barrels, since no exploration wells...

CARACAS: Venezuela announced it would repay a small part its debt to local importers, after currency controls have sparked mass shortages of basic...

NEW YORK: The rally in US Treasury bonds surprised many, taking 10-year yields to their lowest levels in 11 months. Jobs data and...

NEW YORK: Canadian equipment finance company Element Financial Corp is close to a deal to buy PHH Corp’s auto fleet leasing business for...

NEW YORK: The Dow and the S&P 500 edged up to end at record highs on Friday, wrapping up four straight months of...

LONDON: The world’s top investors cut cash holdings in May to their lowest since November and put money to work in risky assets,...

TORONTO: Royal Bank of Canada may invest as much as $1bn in a hedge fund spun off from its proprietary trading business. RBC,...

PALO ALTO: A trio of US Federal Reserve officials who disagree deeply with one another over the appropriate stance of monetary policy expressed...

PALO ALTO: The Federal Reserve should provide more information on the likely future path of interest rates and explain its policy decisions  in...

Washington: Chinese e-commerce giant Alibaba Group Holding Ltd is one of several companies that are in talks to invest for a stake in...