WASHINGTON: Fannie Mae, the mortgage financier seized by US regulators in 2008, will pay the Treasury Department $10.2bn after reporting a sixth consecutive...
WASHINGTON: Fannie Mae, the mortgage financier seized by US regulators in 2008, will pay the Treasury Department $10.2bn after reporting a sixth consecutive...
ARBIL/DUBAI: Iraq’s Kurdistan region is exporting crude oil by truck to an Iranian port for shipping to Asia, industry sources say, using a...
HOUSTON: ExxonMobil Corp and Imperial Oil Ltd have agreed to buy ConocoPhillips’ Clyden lease for about C$751m ($723m), expanding their holdings in the...
by By Jonathan Weil The Justice Department accused Bank of America Corp this week of defrauding Wachovia Corp and the Federal Home Loan...
A vendor counts Chinese yuan notes at a market in Beijing yesterday. BEIJING: Growth in China’s key industrial production accelerated to a five-month...
PARIS: The International Energy Agency trimmed its outlook for oil demand over the next 18 months and highlighted threats to the dominance of...
MOSCOW: Russia’s economic growth was shown yesterday to have slowed sharply in the second quarter despite efforts by President Vladimir Putin to reverse...
PARIS: Iran has beefed up its oil tanker fleet with vessels from China and is selling more crude to Beijing as Tehran struggles...
LONDON: House prices in England and Wales reached an all-time peak in July, driven by strong demand in London, though purchases by first-time...
NEW YORK: The US Depar-tment of Justice has stepped up a probe in recent weeks into Bear Stearns mortgage dealings in the run-up...
THE HAGUE: Mexican telecom operator America Movil yesterday launched a bid for Dutch KPN, valuing it at ¤10.2bn ($13.6bn), putting KPN’s intended sale...
TOKYO: Japan’s eye-watering national debt has topped one quadrillion yen, official data showed yesterday, a record figure that underlines Tokyo’s struggle to curb...
LONDON: European markets closed higher yesterday, with mining stocks in particular receiving a boost from better-than-expected industrial output data from China, dealers said....
LONDON: The risk premium on Italian bonds hit its lowest since July 2011 yesterday, with the government’s solid funding position and signs the...
LONDON: Britain’s biggest retailer, supermarket chain Tesco, said yesterday that it is in exclusive talks over combining its Chinese operations with those of...
LONDON: Britain’s Environment Agency (EA) proposed new guidance yesterday that could further delay the already lengthy application process for launching shale and other...
PARIS: The International Energy Agency trimmed its outlook for oil demand over the next 18 months and highlighted threats to the dominance of...
LONDON: Looking beyond the problems of a region beset by regime change in Egypt, a security crisis in Yemen and civil war in...
