Turkey’s natural gas imports decline in 2015
ANKARA: Turkey's natural gas imports from Russia were 27 billion cubic meters in 2015, a decrease of 320 million cubic...
FIHC returning to US with new partner
TAIPEI: Formosa International Hotels Corp (FIHC), the nation’s largest listed hotel operator, yesterday entered into a partnership with a US...
China expects to increase soybean purchases in Brazil
BRASÍLIA: China is expected to increase this year’s soybean purchases from Brazil, which in 2015 saw its market share in...
Jokowi asks Facebook, Google to support Indonesia’s digital economy
JAKARTA: President Joko "Jokowi" Widodo has asked Facebook and Google for their support for Indonesia's goals of more technopreneurs and...
S. Korea’s logical property trade deficit hits record low in Q3
SEOUL: South Korea's trade balance from intellectual property rights remained in the red in the third quarter of last year,...
Indian economy to grow 7.5% in 2016
NEW DELHI: Indian economy will grow at 7.5 per cent in 2016 and 2017 as it is relatively less exposed...
Qatar tourism receipts to reach $7.2bn by 2025
DOHA: Qatar’s tourism and hospitality industry is building momentum as it enters the second half of the decade, with an...
Iran’s crude oil exports to reach 1.5 MMbpd next month
TEHRAN: Iran’s crude oil exports will reach 1.5 MMbpd next month as Tehran moves to benefit from sanctions relief. "Today,...
Kuwait Customs foils attempt to smuggle hashish, Captagon
KUWAIT: Abdaly custom officers foiled two smuggling attempts of hashish and Captagon to the country. A customs source said the...
Hong Kong banks to open joint venture brokerages in Qianhai economic zone
HONG KONG: Qianhai, the special economic zone next to Shenzhen, will allow HSBC and Bank of East Asia to set...
Iran plans $8 bln arms deal with Russia
TEHRAN: Iranian military officials announced Monday that they plan to purchase $8 billion worth of arms from Russia, the latest...
OCBC Bank’s net profit up 13% in 2015
SINGAPORE: Oversea-Chinese Banking Corporation Limited (OCBC Bank) said on Wednesday that it recorded a net profit of 3.9 billion Singapore...
China producer prices down 5.3% in Jan
BEIJING: China's producer price index (PPI), which measures wholesale inflation, dropped 5.3 percent year on year in January, statistics showed...
Bombardier to cut workforce by 7,000
OTTAWA: Canadian aircraft and train maker Bombardier Inc said it would slash its workforce by about 7,000 over the next...
Beijing police bust 3b yuan tax fraud
BEIJING: Beijing police have busted a tax fraud case involving more than three billion yuan ($460 million) and 1,500 firms...
China approves 21 fixed-asset investment projects
BEIJING: China's top economic planner approved 21 fixed-asset investment projects with total investment reaching 54.1 billion yuan ($8.3 billion) in...
China January consumer prices up 1.8%
BEIJING: China's consumer prices rose for a third consecutive month in January thanks to rising food prices, signalling easing of...
Sinopec to close four oilfields in Shandong
BEIJING: China's second-largest oil major will shut down four oilfields in the country's eastern Shandong province to stay afloat amid...
PH mulls over plans to hike sugar imports
WASHINGTON: Sugar regulators are considering additional imports to help keep prices stable amid expectations of lower-than-estimated domestic output due to...
Spain’s Bankia to return money to small investors
MADRID: Spanish lender Bankia, which was rescued by European funds, Wednesday announced it would return money to small investors. The...
