Business

HELSINKI: Finnish airline Finnair yesterday said it returned to profit in the second quarter owing to a major asset sale, but cut its...

NEW YORK: The US yesterday charged a pair of former JPMorgan Chase traders with fraud in connection with the 2012 $6.2bn “London whale”...

LONDON: Robust jobs data and unexpected dissent from a Bank of England (BoE) policymaker created fresh doubts yesterday about how long the central...

ZURICH: Insurance giant Swiss Life yesterday posted a near 30-percent rise in first-half net profits, attributing the boost to a solid performance in...

  ZURICH: Switzerland-based mining giant Glencore Xstrata said yesterday its copper production in the first half (H1) of the year jumped by 20 percent,...

The Karadeniz Powership Orhan Bey, an electricity-generating ship from Turkey, is docked at the port of Jiyeh, south of Beirut, yesterday. The Karadeniz...

DOHA: The issuance of debt securities picked up in Qatar during the past six months to reach $4.7bn. Of the total  $30.1bn worth...

DOHA: Qatar Exchange continued its bull run when the bourse resumed trading after the Eid holidays yesterday. The benchmark index climbed 66.2 points...

DUBAI: Saudi Arabia led other Gulf markets higher yesterday as most reopened after long Eid holidays, while Dubai bounced from technical support, suggesting...

Customers at an ATM of Barclays. DUBAI: Barclays Plc is conducting a strategic review of its retail banking operations in the UAE which...

LONDON: Brent crude oil rose towards $110 per barrel yesterday after oil exports from Libya fell to their lowest for two years, heightening...

Riyadh: Jeddah-based Alkhabeer Capital says it plans to broaden its investments around the Gulf and seek a listing on the Saudi stock exchange,...

ABU DHABI: The central bank of the UAE has conditionally lifted a ban on transfers between banks of personal loans to local citizens,...

CEO of Volkswagen Martin Winterkorn (left) and General Manager of the Car City Otto Wachs stand next to a Volkswagen Golf GTD at...

Employees assemble washing machines on the production line inside a factory of Hefei Rongshida Sanyo Electric in Hefei, Anhui province, yesterday. Whirlpool Corporation’s...

LONDON: Exports from Libya’s key Es Sider crude oil terminal could resume as early as tomorrow as workers and local authorities have reached...

MOSCOW/BAKU: Russia’s top crude producer Rosneft will sign a broad oil and gas cooperation agreement with Azerbaijan, industry sources said yesterday, the first...

WASHINGTON: A gauge of US consumer spending rose in July at its fastest pace in seven months, a sign of quicker economic growth...