New York: Two major US banks posted strong earnings last year, boosted by the recovering economy and booming financial market that followed the...
New York: Two major US banks posted strong earnings last year, boosted by the recovering economy and booming financial market that followed the...
Caracas: Venezuelan state energy company PDVSA projects oil production will remain near 23-year lows in 2017, an internal document shows, suggesting more hardship...
Istanbul: Turkey’s lira headed yesterday for its biggest weekly fall since the aftermath of a failed coup last July, as the central bank’s...
Milan: Fiat Chrysler Automobiles (FCA) shares rose yesterday as investors played down the potential impact of the US Environmental Protection Agency (EPA) accusing...
San Francisco: A US appeals court on Thursday revived a civil suit accusing Apple of creating a monopoly by making its App Store...
Nintendo Co.’s new Switch gaming console is off to an underwhelming start. The new machine, a tablet-sized device with wireless controllers that can...
Opec is unlikely to deliver fully on its target to cut production despite Saudi Arabia saying it had trimmed more than it had...
WASHINGTON: A federal grand injury indicted three former executives at Takata Corp for criminal wrongdoing in the Japanese auto parts maker’s handling of...
Saudi Arabia has reduced oil production to less than 10 million barrels a day, below its targeted level, and will consider renewing its...
BEIJING: China’s banks extended a record 12.56 trillion yuan ($1.82 trillion) of loans in 2016 as the government encouraged more credit-fueled stimulus to...
Frankfurt am Main: Several European Central Bank governors were against any extension of the institution's mass bond-buying programme as inflation picked up in...
LONDON: Marks & Spencer (M&S) soundly beat forecasts for Christmas trading with its first quarterly rise in clothing and homeware sales in nearly...
India’s central bank refused to share specific details of Prime Minister Narendra Modi’s ban on high-value banknotes citing danger to life and national...
Brussels: Industries across the euro zone cranked up output in November and Germany ended the year with its strongest growth in five year,...
MIAMI: A Volkswagen AG executive indicted in the company's U.S. emissions scandal who was arrested in Miami while on vacation was denied release...
Paris: Qatar Airways is seeking strict guarantees as it talks to CFM International about supplying engines for a revamped order for Airbus narrow-body...
DETROIT: General Motors Co Chief Executive Mary Barra says often that the auto industry will change more during the next decade than it...
