Business

Bankers count on M&A, China to spur Asia loan growth 24 Dec 2016 - 12:05 am

Loan bankers in Asia are relying on companies’ merger and acquisition activities and China’s ‘One Belt, One Road’ initiative to fuel loan growth...

Opportunity in Italy's long banking crisis 24 Dec 2016 - 12:05 am

The imminent failure of Italy’s third-largest bank, Monte dei Paschi di Siena, is finally bringing the country’s long-festering banking crisis to the centre...

Make banks great again? GOP push to axe key agency poses risks 23 Dec 2016 - 11:53 pm

Donald Trump and Republican lawmakers have made no secret of their desire to remove shackles put on banks by the Dodd-Frank Act, and...

Saudi budget shows effort to win support for change 23 Dec 2016 - 11:29 pm

Saudi officials presented the most detailed budget in the country’s history in an effort to convince citizens and investors that they’re serious about...

Lockheed shares sink further on Trump's F-35 threat 23 Dec 2016 - 09:02 pm

Los Angeles: Lockheed Martin Corp led defense stocks lower yesterday after US President-elect Donald Trump’s latest Twitter salvo over the cost of the...

UK current-account deficit widens in third quarter 23 Dec 2016 - 08:52 pm

London: The UK current-account deficit widened in the third quarter as Britain posted its worst trade performance in almost three years. The difference...

IMF chief Lagarde joins Cameroon summit on oil woes 23 Dec 2016 - 08:52 pm

Yaoundé: IMF chief Christine Lagarde (pictured)yesterday joined a Cameroon summit of central African leaders aimed at tackling economic woes brought on by weak...

Venezuela Economy Crisis 23 Dec 2016 - 08:52 pm

Volkswagen reaches deal with US vehicle owners 23 Dec 2016 - 08:47 pm

Washington: A federal judge said that Volkswagen AG has reached an agreement in principle to provide “substantial compensation” to the owners of about...

Gold edges higher as dollar retreats 23 Dec 2016 - 08:47 pm

London: Gold edged higher yesterday in thin pre-Christmas trade as the dollar retreated from this week’s 14-year high, tempting some buyers to take...

Qatar & Pakistan hold 4th Joint Ministerial meeting 23 Dec 2016 - 01:53 am

The Qatar-Pakistani Joint Ministerial Committee held its 4th meeting yesterday in Islamabad. The Qatari delegation was headed by H E Dr Mohammed bin...

OIC countries lack in agriculture & rural finance: Expert 23 Dec 2016 - 01:51 am

The Organization for the Islamic Cooperation (OIC) countries are lacking behind in agricultural and rural finance. A green revolution in the member states...

Muhammad Zubair Mughal, CEO of AlHuda CIBE, and other panellists speaking on Islamic Agricultural Finance to the conference of World Bank and AAOIFI in Bahrain.

Mideast crude-benchmarks down as demand thins 23 Dec 2016 - 01:50 am

Singapore: The Middle East crude benchmark Dubai fell on yesterday as demand for February-loading cargoes thinned after refiners had mostly secured their feedstock...

Gold steadies at $131.17 as dollar slips 23 Dec 2016 - 01:50 am

London: Gold steadied yesterday, as the dollar slipped and market participants waited for US economic data due later in the day. The United...

China LNG imports hit record last month 23 Dec 2016 - 01:50 am

Shanghai: China’s liquefied natural gas imports surged to a record last month as the world’s third-biggest buyer boosted shipments to offset winter demand...

QSE index gained 203.78 points last week 23 Dec 2016 - 01:49 am

Qatar Stock Exchange’s (QSE) main index gained 203.78 points,1.99 percent, last week when the bourse closed yesterday at 10,427.91 points. Trading value during...

Singapore gives toughest sentence to BSI banker 23 Dec 2016 - 01:38 am

Singapore: Yeo Jiawei, a former wealth planner at Swiss bank BSI SA, was given a 30-month jail term, the longest sentence yet handed...

BNM's foreign reserves stand at $96.4bn 23 Dec 2016 - 01:38 am

Bank Negara Malaysia (BNM)'s international reserves amounted to RM399.7 billion (about $96.4bn ), as on December 15, 2016 compared with RM399.64bn about ($96.4bn)...