ALBANY, New York: New York’s pension fund for state and local government workers reported reaching a record high of $180.7bn following a 3.6...
ALBANY, New York: New York’s pension fund for state and local government workers reported reaching a record high of $180.7bn following a 3.6...
PARIS: Rating agency Fitch revised Ireland’s sovereign credit rating up a notch to ‘A-‘, citing an “employment-led recovery” with a healthier banking system....
FRANKFURT: German Internet service provider United Internet AG is investing ¤435m ($582m) for a 10.7 percent stake in venture capital group Rocket Internet,...
FRANKFURT: The European Central Bank is taking a hard line on the controversial issue of how shipping loans should be valued in a...
A man walks past a Banco Bradesco branch in downtown Rio de Janeiro. The bank said its third-quarter net income will be cut...
Workers manage machines at a factory of Sona Koyo Steering Systems in Dharuhera some 80km south of New Delhi. DHARUHERA: With steel machines...
LONDON: The Bank of England is hoping it can gently wean Britain’s economy off record-low borrowing costs, but its plan for “gradual and...
NEW YORK: The Sultan of Brunei has made a bid for New York’s Plaza Hotel, Dream Hotel and London’s Grosvenor House hotel, the...
Boston: Online home-furnishings retailer Wayfair Inc is seeking to raise $350m in an initial public offering of its Class A common stock, the...
DOHA: Qatar needs to judge the economic merits of hosting a major sport event like World Cup in a longer-term perspective. As a...
A GEBR IHLE microcar manufactured to look like a Mercedes-Benz is wrapped in plastic prior to The Quail, A Motorsports Gathering car show...
DOHA: Mesaieed Petrochemical Holding Company (“MPHC” or “the group”; QE: MPHC), a subsidiary of Qatar Petroleum, and one of the region’s premier diversified...
LONDON: US investors are withdrawing billions of dollars from European stocks as signs of a stalled economic recovery, compounded by the Ukraine crisis,...
NEW YORK: Coca-Cola Co said it was making a cash payment of $2.15bn (£1bn) for a 16.7 percent stake in Monster Beverage Corp...
NEW YORK: General Electric confirmed that it is considering the sale of its historic appliance division, part of its effort to focus on...
JACKSON, Mississippi: Mississippi Power Co says a key part of its $5.5bn Kemper County power plant is operational. The unit of Atlanta-based Southern...
New York: Holders of Argentine euro-denominated bonds said they were appealing a New York court’s freeze on payment by Buenos Aires, an order...
A daily-wage labourer takes a drink as he briefly stops loading 50kg sacks of wheat onto a truck at a grain distribution point...
