LONDON: Egypt is relying increasingly on large Swiss trading houses for fuel supplies as it struggles to avoid energy shortages and unrest, while...
LONDON: Egypt is relying increasingly on large Swiss trading houses for fuel supplies as it struggles to avoid energy shortages and unrest, while...
SAN FRANCISCO: Almost a year since Stockton, California became the biggest US city to file for bankruptcy, its leaders will review a tax...
Rockville, Maryland: Nissan Motor Co Ltd has announced a $100-a-month battery replacement plan for US owners of its electric Nissan Leaf. The plan...
Russian President Vladimir Putin addressing a meeting entitled “Energy Club Summit: Reshaping Global Oil Markets” at the St Petersburg International Economic Forum, yesterday....
PARIS: Lockheed Martin Corp, already the biggest US weapons maker and largest provider of IT services to the US government, wants to become...
ST PETERSBURG: President Vladimir Putin unveiled a $13.6bn investment plan yesterday to build roads and railways across Russia and show he is not...
LONDON: Abu Dhabi’s Al Noor Hospitals listed in London yesterday, valuing the company at £672m ($1.04bn), as it looks to take advantage of...
NEW YORK: Oil slid for a second day in choppy trade yesterday, with Brent heading for its biggest two-day drop in a year...
LAGOS: Oil giant Shell announced yesterday that it may sell more of its onshore oil blocks in Nigeria, where theft and sabotage have...
Traders work on the floor of the New York Stock Exchange yesterday. Stocks were back in positive territory following two days of sell-offs....
ISTANBUL: , The Turkish lira traded near record lows while bonds weakened in thin volumes yesterday, as investors monitored the central bank’s response...
LONDON: Oil major BP is directing investment in advanced biofuels to the United States and South America due to uncertainty about the European...
LONDON: , Iraq’s oil output target for 2013 is still within reach, even with flows stuck at 3 million barrels a day during...
LUXEMBOURG: The European Union sought yesterday to forge rules to force losses on large savers of failed banks, a taboo that was broken...
A fruit seller hands back change to a customer at a stall in Mumbai yesterday. The Indian rupee hit an all-time low of...
DOHA: Qatar Exchange (QE) index shed 233.61 points or 2.46 percent last week to close at 9,246.19 points. Market capitalisation fell by 2.09...
LONDON: Oil prices plunged yesterday, mirroring the direction of stock markets and gold prices, a day after Federal Reserve chairman Ben Bernanke signalled...
LONDON: Gold plunged to its lowest in more than two-and-a-half years yesterday, with investors exiting in droves after the US Federal Reserve gave...
