LONDON: The European Union’s blueprint to close failing banks won’t be enough to break the pattern of eurozone states haemorrhaging funds by propping...
LONDON: The European Union’s blueprint to close failing banks won’t be enough to break the pattern of eurozone states haemorrhaging funds by propping...
KUWAIT: Kuwait’s budget surplus narrowed in the first six months of its fiscal year as spending soared over 50 percent, partly thanks to...
FRANKFURT: German banking watchdog BaFin criticised Deutsche Bank’s management for the way it responded to a probe into manipulation of the Libor benchmark...
SHANGHAI: China pledged further support for its ailing solar power industry as the government seeks to revive a sector struggling with overcapacity and...
LONDON: If pension funds, insurers and sovereign wealth funds were hoping to cash in on lending “high quality” assets to those scrambling to...
LAGOS: Nigeria’s financial markets posted healthy gains in 2013 but five years on from the global financial meltdown, local investors are still wary...
NEW YORK: The Pimco Total Return Fund, the world’s largest bond fund, saw its assets sink by a record $41.1bn last year after...
MUMBAI: The Reserve Bank of India (RBI) recommended moving away from determining money market benchmarks through the current poll of traders towards one...
FRANKFURT: The European Central Bank looks set to ring in the New Year with interest rates on hold, but will have its work...
TRIPOLI: Libya has restarted oil production at the southern El Sharara field with an initial output of 60,000 barrels per day (bpd) after...
TOKYO: Honda Motor Co and General Motors Co are expected to jointly develop batteries for fuel-cell vehicles, with the aim of lowering the...
MILAN: Fiat has given Rome guarantees that the automaker will invest in plants in Italy and keep a strong presence in the country...
Hazel Powers (right), who has worked at Boeing for 35 years, reacts with fellow union members after hearing that a union vote narrowly...
The logos of Italian car manufacturer Fiat and US automobile heavyweight Chrysler. Fiat said that it had agreed to buy up the remainder...
A woman chooses clothes in a store in Rome yesterday, the first day of the winter sales in Italy.
A man walks past the headquarters of the People’s Bank of China (PBOC), the central bank, in Beijing. China’s central bank will require...
Excess natural gas is being flared, or burnt off, at a flare stack at the refinery in Tula. Mexico’s oil refining industry, saddled...
Smoke rises after explosions at gas pipelines near Damascus international airport, in Erbeen. Explosions hit two large Syrian gas pipelines on Friday near...
