India’s gold imports likely to hit in Feb
MUMBAI: India's gold imports are likely to hit a more than two-year low in February, as rising prices and hopes...
India’s polished diamond exports -42% in Jan
NEW DELHI: India’s polished diamond exports dived 42 percent year on year to $1.04 billion in January, according to provisional...
Govt meets NCA non-signatories in Thailand
BANGKOK: Union Minister Aung Min led the Union Peacemaking Working Committee (UPWC) at a meeting with ethnic armed organisations that...
Belarus’ oil import 1.8% increase in 2015
WASHINGTON: In 2015 Belarus imported 1.8% more Russian oil in comparison with 2014, with the total oil import going up...
OBI Pharma shares fall by daily limit
TAIPEI: Shares of OBI Pharma Inc yesterday fell by the maximum daily limit of 10 percent to close at NT$613,...
South Africa’s Imperial Holdings H1 profit rises 6%
JOHANNESBURG: South African logistics company Imperial Holdings Ltd reported a 6 percent increase in half-year profit as lower demand for...
Govt to cut spending, just not on infrastructure
JAKARTA: The government is seeking to maintain infrastructure funding at current levels while trimming other sectors’ funding amid a cash-strapped...
SAMA raises banks maximum allowable loan to deposit ratio
JEDDAH: The Saudi Arabia Central Bank (SAMA) has raised banks’ maximum allowable loan-to deposit (LTD) ratio to 90 percent from...
Lanka IOC December quarter net up 45% over lower crude prices
COLOMBO: The local unit of Indian Oil Corporation Limited, Lanka IOC PLC, saw its December quarter (3Q16) net profit rising...
Nigeria president in Saudi for oil meeting
RIYADH: The leader of Africa’s number one oil producer was in Saudi Arabia Tuesday, with analysts forecasting his country’s eventual...
Hellenic Petroleum to buy 60,000 bpd from Iran
TEHRAN: Greece’s biggest oil refiner, Hellenic Petroleum, will buy 60,000 barrels a day of crude oil from Iran, which could...
QEWC’s AGM gives approval for QR825m cash dividend
DOHA: Qatar Electricity and Water Company (QEWC) yesterday held its Annual General Assembly (AGM) and approved the Board of Directors’...
Hong Leong Bank H1 net profit at RM847m
KUALA LUMPUR: Hong Leong Bank Bhd posted earnings of RM847.04mil in the first half ended Dec 31, 2015 after the...
S. Korea’s terms of trade improve in Jan
SEOUL: South Korea's terms of trade improved from a year earlier last month but mostly due to import prices falling...
New World China Land sees core profit rise 23.5% after sale of hotel management business
HONG KONG: New World China Land said its core profit rose 23.5 per cent for the six months to December...
Centurion posts 90% fall in Q4 net profit on absence of fair-value gains
SINGAPORE: Centurion Corp has posted a net profit of S$7.59 million in the fourth quarter, down 90 per cent from...
Nigeria’s N2 trillion petrochemical imports
ABUJA: Nigeria is paying a huge price for failing to develop its petrochemical industry. The country currently spends about N2...
UAE food imports to reach $400 bln by 2026
ABU DHABI: The UAE's food imports will reach US $400bn in 10 years, from $100bn in 2014, according to the...
EU increases rye imports from Russia
LONDON: Despite the 36% reduction of rye production in Russia in 2015, exports of this crop are growing. During the...
China to eliminate outdated coal production capacity by 60m tons in 2016
BEIJING: China will close more than 1,000 outdated coal mines with a combined coal production capacity of 60 million tons...
