Business

A man walks inside a YPF fuel station in Buenos Aires. A year after Argentina seized the local business of Spanish oil firm...

BRUSSELS: Key obstacles to a banking union, seen as a keystone in locking down the debt crisis, should be resolved within the next...

DEAD SEA: Jordan’s economy is expected to grow around 3.5 percent this year driven by remittances, higher domestic consumption and some pickup in...

NEW YORK: Canadian pharmaceutical company Valeant is close to a deal to acquire US eye health company Bausch & Lomb for about $9bn,...

GENEVA: The World Trade Organisation said that its dispute settlement board had agreed to a request from Japan to create a panel to...

A general view of the ArcelorMittal Florange-Hayange blast furnace in Hayange near Florange, Eastern France. After the 2009 closure of the nearby Gandrange...

CAIRO/MOSCOW: Egypt’s Orascom Telecom (OTH) is closer to being delisted, sources said yesterday, after holders of around 10 percent of its stock agreed...

  MUMBAI: Shareholders of India’s Jet Airways yesterday approved a deal in which Abu Dhabi-based airline Etihad will take a 24 percent stake in...

LONDON: HSBC’s   Chairman Douglas Flint called for an acceleration in the speed of reform within the industry as the bank was criticised by...

VIENNA: Raiffeisen Bank International  Chief Executive Herbert Stepic resigned yesterday in what he called an effort to spare his bank from negative publicity...

MADRID: Spanish savers vented their fury against bailed-out Bankia yesterday after the already-diminished value of their stock investments in the bank plummeted by...

Employees work at a factory which makes bearing cages in Liaocheng, Shandong province, yesterday. As evidence mounts that China’s economy is losing momentum,...

PARIS/LONDON: Gulf telecom operator Etisalat has offered a higher price for Vivendi’s  Maroc Telecom stake than rival Qatari bidder Ooredoo , according to...

  Workers check parts for Egypt’s first tablet computer “Inar” at a factory in Benha yesterday. Egypt has produced its very first tablet computer,...

PARIS: IMF chief Christine Lagarde’s future was at stake yesterday as French prosecutors grilled her for a second day to decide if she...

FRANKFURT: The German economy, after starting the year weakly, looks set to gather momentum later with consumer and business confidence on the rise,...

  LONDON: As the dust settles on a volatile week, many strategists now sense a green light for a long-brewing multi-year rise of the...

Investors keep a close watch on electronic displays at the Abu Dhabi Securities Exchange. DUBAI: Most Gulf markets fell yesterday as a sell-off...