Business

WASHINGTON: The World Bank said it intends to keep ranking nations on the ease of conducting business, despite criticism from countries like China...

  DOHA: Korea Federation of Banks (DFB), in its effort to understand and introduce Shariah compliant financial system in South Korea, carried out a...

A worker packs pairs of shoes in boxes at the factory of the Italian shoes and luxury leather goods Tod’s headquarters in Casette...

New York: SoftBank Corp is in talks with Deutsche Telekom AG over a possible deal for T-Mobile US Inc, as the Japanese company...

OTTAWA: Canada poured cold water on widespread speculation that a Canada-EU free trade deal would be announced when the prime minister travels to...

New York: Warren Buffett’s Berkshire Hathaway is interested in buying assets that Italian insurer Unipol must sell as part of a merger with...

MOSTAR, Bosnia: The closure of Bosnia’s sole aluminium smelter is set to affect thousands of jobs in the Balkan country and neighbouring Croatia...

  BAGHDAD: Bad weather cut oil exports from Iraq’s Basra ports to 864,000 barrels per day (b/d) yesterday from 2.23 million b/d a day...

Wal-Mart Stores family members Jim Walton, Alice Walton and Chairman of the Board of Directors Rob Walton recite the Walmart cheer at the...

LONDON: Vodafone Group said it paid no corporation tax in Britain for the year to March 2013, prompting fresh criticism from campaigners who...

WASHINGTON: The top US derivatives regulator won a legal victory over Bloomberg LP when a court dismissed a case the data vendor had...

Myanmar opposition leader Aung San Suu Kyi (left) with Philippine President Benigno Aquino (right) and Myanmar lower house speaker Shwe Mann (centre) on...

ABUJA: Nigeria plans to reduce its domestic borrowing next year while increasing cheaper overseas debt to lower costs in Africa’s second largest economy,...

NEW YORK: The New York Stock Exchange may cede some of its share in US stocks in an effort to end large trading...

A jobs sign is seen on the front of the US Chamber of Commerce building in Washington, DC. The US economy continued to...

PARIS: Swiss bank UBS has been placed under formal investigation for alleged complicity in suspected illegal sales practices, the French prosecutor’s office said...

LONDON: A consortium led by a Kuwaiti sovereign wealth fund and two pension companies raised its proposed offer for Severn Trent to £5.3bn...

LONDON: Asian spot liquefied natural gas prices were little changed this week as global output showed signs of rebounding amid tame demand from...