South Korea returns car purchase tax cut
SEOUL: South Korea's Ministry of Strategy and Finance has announced that the temporary cut to individual consumption tax rates on...
State Bank of India reports 62% fall in profit
MUMBAI: State Bank of India, the nation's top lender by assets, reported a 62 per cent fall in quarterly profit...
India’s gold demand remains flat at 849 tons in 2015
MUMBAI: India remained cautious on gold buying in 2015 as demand remained nearly flat at 848.9 tonnes compared to the...
Pakistan, Qatar seal $16b LNG deal
DOHA: Pakistan and Qatar have signed a $16 billion liquefied natural gas (LNG) deal for 16 years. Petroleum Minister Shahid...
KT&G expands business in Iran
TEHRAN: KT&G is expanding its business in Iran as the Islamic country is requesting more investment from Korea’s largest tobacco...
PSX investor base to be expended to 1 million in two years: MD
KARACHI: Pakistan Stock Exchange (PSX) Managing Director Nadeem Naqvi has hoped that the stocks would attract more than 600,000 new...
Audi reports sales record in Jan
MUNICH: German automaker Audi AG reported on Wednesday that around 143,150 vehicles were delivered in January, a year-on-year increase of...
Saudi Arabia’s construction sector hit by spending cuts
RIYADH: Construction companies in Saudi Arabia are delaying paying staff as a result of the growing pressure on the country’s...
Singapore’s private home resale prices slightly higher in Jan
SINGAPORE:The resale prices for Singapore's non-landed homes developed by private developers in January rose by 0.6 percent from that in...
Maersk revenue down 15.3% in 2015
COPENHAGEN: Danish oil and shipping group A.P. Moeller-Maersk saw its revenue decline 15.3 percent in 2015, the company said Wednesday....
Pakistan world’s third cheapest country on cost of living index
ISLAMABAD: Pakistan is the world’s third cheapest country after India and Nepal, said a new global report. The report on...
Thailand ready to halt imports of salad products from Australia
BANGKOK: Thailand is ready to halt imports of prepacked salad products from Australia if salmonella bacteria is detected by Thai...
France posts record wine sales in 2015
PARIS: Record-breaking sales of wines and spirits earned 11.7 billion euros (13.15 billion U.S. dollars) for France in 2015, according...
Spain’s housing sales increase by 11.1% in 2015
MADRID: Spanish housing sales rose by 11.1 percent in 2015 compared with a year earlier, according to data published Wednesday...
BMW Group sales in Jan. hit new record
MUNICH: German car producer BMW Group reported on Wednesday that 152,879 BMW, MINI and Rolls-Royce vehicles were sold in January,...
EU launches public consultation for granting China market economy status
BRUSSELS: The European Union (EU) launched a public consultation concerning whether to grant China the market economy status (MES) on...
South Africa plans fuel cell plant to increase platinum demand
CAPE TOWN: South Africa plans to set up a fuel cell component plant by 2018 to increase demand for the...
Sajjad Haider takes charge as Chief Commissioner at Islamabad LTU
ISLAMABAD: Sajjad Haider Khan, a BS-21 officer of Inland Revenue Service, has assumed the charge of the post of Chief...
Four Inland Revenue officers of BS 19-20 transferred
ISLAMABAD: Federal Board of Revenue has transferred/posted four Inland Revenue Service of BS 19-20 with immediate effect. According to the...
Danish export to US, China on the rise
COPENHAGEN: Danish exports to the US and China jumped considerably in 2015, according to new figures from the national statistics...
