WASHINGTON: US drivers should expect to see a “modest further increase” in petrol prices at the pump as refinery outages cut supply and...
WASHINGTON: US drivers should expect to see a “modest further increase” in petrol prices at the pump as refinery outages cut supply and...
Doha: The GCC region witnessed a moderate 3 percent inflation in consumer prices during 2012, down from 3.7 percent in 2011, according to...
A woman works on the assembly line of a shoe factory in Tan Lap village, outside Hanoi. HANOI: Vietnam has approved a broad...
DOHA: KPMG has been named ‘Best Islamic Assurance and Advisory Services Provider’ in the 2012 Euromoney Islamic finance awards. This marks the sixth...
KHOBAR: Kingdom Holding Co, the international investment firm of Saudi billionaire Prince Alwaleed bin Talal, will pay dividends worth SR550.3m ($146.75m) this year,...
MILAN: Bioplastics group Mossi & Ghisolfi has hired 50 people a year for the last five years — not bad when Italy’s unemployment...
LONDON: Oil and metals prices retreated this week on worries for the global economy owing to signs that the United States could end...
An aerial view of highways and high-rise buildings in Hong Kong. HONG KONG: Hong Kong doubled the sales tax on properties costing more...
PARIS: France will not introduce any further austerity measures this year but instead focus on spending cuts in 2014 to bring its deficit...
TOKYO: Struggling Japanese electronics maker Sharp plans to suspend tie-up negotiations with Taiwan’s Hon Hai and search for new capital partners, local media...
People walking past the AIG headquarters in New York’s financial district. The company reported a $4bn loss mainly due to the sale of...
LONDON: Companies in Britain could be forced to switch accountants to break up the cosy relationships between the “Big Four” and their clients,...
LONDON: European stock markets rebounded while the euro slid against the dollar yesterday as traders welcomed improving economic fortunes in Germany and looked...
NEW DELHI: India’s imports of oil from Iran rose 3.7 percent in January from December, but overall purchases fell 21.8 percent in the...
PARIS: Air France-KLM said yesterday that its net loss deepened by nearly 50 percent last year to ¤1.2bn ($1.59bn) as it began restructuring...
Workers inspecting the VW Tiguan and Touran models coming off the assembly line in Wolfsburg, central Germany. Volkswagen, Europe’s biggest carmaker, said its...
BRUSSELS: The euro zone will not return to growth until 2014 and struggling Spain and France will be among those who miss debt-cutting...
ANKARA: Turkey yesterday cancelled a $5.7bn tender for the privatisation of toll roads and bridges over the Bosphorus because the price tag was...
