LONDON: Asia-focused bank, HSBC, yesterday announced that it will make another $2bn-$3bn of new cost savings by 2016, extending its restructuring plans. The...
LONDON: Asia-focused bank, HSBC, yesterday announced that it will make another $2bn-$3bn of new cost savings by 2016, extending its restructuring plans. The...
DUBAI: When Turkey’s central bank cut interest rates last month, its decision aroused a mixture of approval, criticism and sheer confusion about exactly...
SEOUL: South Korea imported natural gas liquids from Iran for the second straight month in April, customs data showed yesterday, though a source...
KENANA SUGAR PLANT, Sudan: Sudan’s biggest sugar producer plans to export up to 50,000 tonnes of animal feedstock annually to Arab Gulf countries....
DUBAI: Dubai-based investment bank Arqaam Capital plans to expand into sub-Saharan Africa by the fourth quarter this year and may look at acquisitions...
The Minister of Energy and Industry H E Dr Mohammed bin Saleh Al Sada and Vice Chairman and Managing Director of Alwaseeta, Ali...
DOHA: Qatar Petroleum International (QPI) hopes to extend its new deal with Britain’s Centrica by acquiring more gas or tight oil resources across...
BRUSSELS: The European Commission yesterday said it carried out surprise inspections at several major oil companies over possible price fixing in breach of...
LONDON: Oil and gas group BG will focus on exploration, liquefied natural gas (LNG) and selling or partnering more of its discoveries as...
LONDON: Rising US shale oil production will help meet most of the world’s new oil demand in the next five years, even if...
Australian Prime Minister Julia Gillard watches as her Treasurer Wayne Swan delivers his budget speech to the House of Representatives in Canberra yesterday....
BRUSSELS/PARIS: France has secured backing from other EU member states for the exclusion of the movie and television industries from a proposed free-trade...
PARIS: Global economies are on the mend, but growth is likely to remain below trend in India, the OECD said yesterday. Looking at...
Workers erect an iron reinforcement column at a high rise office building under construction in Jakarta yesterday. Indonesia held its key interest rate...
DUBAI: Markets in the UAE hit new multi-year highs yesterday, delaying an expected bout of profit-taking as upbeat earnings added fuel to the...
DUBAI: Dubai’s non-oil trade jumped 16 percent in the first quarter and recovery in the emirate’s property sector will help keep the pace...
DUBAI: Five companies have submitted applications for virtual telecom licences in Saudi Arabia including Virgin Mobile Middle East & Africa (VMMEA). VMMEA —...
MOSCOW: President Vladimir Putin threw his weight behind a drive to fuel more Russian vehicles with cleaner-burning and cheaper natural gas yesterday, saying...
