JOHANNESBURG: South African logistics company Imperial Holdings Ltd reported a 6 percent increase in half-year profit as lower demand for...

JAKARTA: The government is seeking to maintain infrastructure funding at current levels while trimming other sectors’ funding amid a cash-strapped...

JEDDAH: The Saudi Arabia Central Bank (SAMA) has raised banks’ maximum allowable loan-to deposit (LTD) ratio to 90 percent from...

COLOMBO: The local unit of Indian Oil Corporation Limited, Lanka IOC PLC, saw its December quarter (3Q16) net profit rising...

RIYADH:  The leader of Africa’s number one oil producer was in Saudi Arabia Tuesday, with analysts forecasting his country’s eventual...

TEHRAN: Greece’s biggest oil refiner, Hellenic Petroleum, will buy 60,000 barrels a day of crude oil from Iran, which could...

DOHA: Qatar Electricity and Water Company (QEWC) yesterday held its Annual General Assembly (AGM) and approved the Board of Directors’...

KUALA LUMPUR: Hong Leong Bank Bhd posted earnings of RM847.04mil in the first half ended Dec 31, 2015 after the...

SEOUL: South Korea's terms of trade improved from a year earlier last month but mostly due to import prices falling...

HONG KONG: New World China Land said its core profit rose 23.5 per cent for the six months to December...

SINGAPORE: Centurion Corp has posted a net profit of S$7.59 million in the fourth quarter, down 90 per cent from...

ABUJA: Nigeria is paying a huge price for failing to develop its petrochemical industry. The country currently spends about N2...

ABU DHABI: The UAE's food imports will reach US $400bn in 10 years, from $100bn in 2014, according to the...

LONDON: Despite the 36% reduction of rye production in Russia in 2015, exports of this crop are growing. During the...

BEIJING: China will close more than 1,000 outdated coal mines with a combined coal production capacity of 60 million tons...

BRUSSELS: Top negotiators on a huge transatlantic trade treaty between the EU and US opened new talks yesterday with the...

BEIJING: Chinese online video website Letv has filed a 1 million yuan (US$153,400) lawsuit against Internet giant Baidu for illicit...

LONDON: Global banking giant HSBC yesterday reported a shock pre-tax loss in the last quarter of 2015 with results for...

BEIJING: China’s free trade agreements with South Korea and Australia have resulted in savings of nearly 40 million yuan (US$6.1...

LAGOS: The Minister of Transportation, Mr Rotimi Amaechi has said that the Federal Government will re-connect the country’s railway with...