Air Liquide’s profits rise by 9.8% to $3.2bn
PARIS: Air Liquide SA, the French industrial gas maker buying US competitor Airgas Inc, yesterday reported a rise in profit...
Sabah port obtains major capacity boost
PETALING JAYA: Sapangar Bay Container Port (SBCP), which handles most of the container throughput of Sabah, will more than double...
Pay taxes where profits made: EU commissioner
BRUSSELS: The EU’s top economic affairs official on Monday said that companies should pay taxes where they earn profits, days...
VW to invest $4.5bn in Chinese line this year
BERLIN: Volkswagen AG (VW) will invest more than 4 billion euros (US$4.5 billion) in China this year, as spending plans...
Iran begins protective duties for Kazakh grain imports
TEHRAN: The Iranian government recently introduced protective duties for the import of Kazakhstan grain to protect its domestic market, according...
Taiwan Cooperative Bank targets SME loans
TAIPEI: State-run Taiwan Cooperative Financial Holding Co aims to increase its loan books by between 5 and 6 percent this...
Japanese banks keen to expand activity in Iran
TEHRAN: Japanese banks seek to increase activity in Iran, said Katsuyuki Kawai, the special advisor to the prime minister of...
Iran banks cut deposit rates after sanctions lifted
TEHRAN: Iranian commercial banks have agreed to cut their deposit rates in a move welcomed by the central bank, after...
Foreign investment expected to boost business growth
JAKARTA: Indonesian E-commerce Association (idEA) chairman Daniel Tumiwa welcomed the government’s measure, saying e-commerce “should have never been included in...
Softlogic 3Q net profit up 90%
COLOMBO: The diversified retailer, Softlogic Holdings PLC group (SHL) increased its net profit by as much as 90.4 percent to...
Saudi customs foils attempt to smuggle 1501 alcohol bottles
RIYADH: Saudi customs foiled an attempt to smuggle 1501 bottles of alcohol into Saudi Arabia via the King Fahad Causeway....
Life in jail for drug kingpin
KUWAIT CITY: The Criminal Court of First Instance chaired by Judge Mut’eb Al-Ardhi sentenced the main suspect in a drug...
Cargo traffic at 12 major ports up 3.36% to 499 MT
NEW DELHI: Buoyed by pick up in demand, India's 12 major ports saw cargo traffic increase by 3.36 per cent...
EU trade surplus surges in 2015 as energy imports drop
LONDON: The European Union’s trade surplus with the rest of the world surged almost five-fold last year against 2014 because...
Malaysian police seize drugs worth RM63,726
BATU GAJAH: Five men, between 27 and 40, have been arrested for drug trafficking by the district police here. District...
India to save Rs 30,000 crore in FY16 by cutting down coal imports
MUMBAI: India will save Rs 30,000 crore in 2015-16 by cutting down on coal imports as domestic production has picked...
Hong Kong Customs seized suspected cocaine worth $1.6m
HONG KONG: Hong Kong Customs detected a suspected drug trafficking case at Hong Kong International Airport yesterday and arrested an...
Chinese banking sector’s bad loan rate rises in 2015
BEIJING: The bad loan rate in China's banking sector rose slightly in 2015, according to the country's top banking regulator...
Retail imports to grow 4.5% in H1 of 2016
WASHINGTON: Retail imports based on cargo volume at the nation’s major retail container ports is expected to decline year-over-year for...
China ODI rises by 18.2% in January
BEIJING: China's non-financial outbound direct investment (ODI) in January was 18.2 percent higher than in January 2015, Ministry of Commerce...
