Banks expects high profits despite crisis
KATHMANDU: Banks are optimistic of high second-quarter profits despite businesses being hit hard by the Tarai unrest and Indian embargo....
Iraq to supply crude oil and natural gas to Egypt, Jordan
AMMAN: Egypt signed a memorandum of understanding on Sunday to receive crude oil and natural gas from Iraq, Egypt's minister...
Cadillac plans first imports from China
BEIJING: The Cadillac of the future will be made in China. The automaker has confirmed plans to import plug-in hybrid...
Jordan PM meets Saudi transport minister
AMMAN: Prime Minister Abdullah Ensour on Thursday met with Saudi Transport Minister Abdullah Al Miqbil in the presence of Prince...
Brazil’s Oi agrees to sell assets in Portugal to Altice
BRASILIA: The Brazilian telecommunications company Oi said that its board of directors had accepted an offer by Altice, the European...
Ukraine business circle’s inflation expectations improve in Q4 2015
KIEV: Inflation expectations of business circles in Ukraine in the fourth quarter of 2015 improved and devaluation expectations grew, while...
Stockmann sales drop by 16% in Finland
HELSINKI: Retail giant Stockmann’s sales in 2015 declined by nearly 13 percent (12.9%) with the main reason attributed to the...
2 Finnish liquor traders suspected of tax evasion: Customs
HELSINKI: The Finnish Customs announced that it has investigated an online alco-hol and cigarette trafficking, and two Finnish vendors were...
Zimbabwe’s YOY inflation rate steady at -2.47%
HARARE: Zimbabwe’s year-on-year inflation rate was steady at at-2.47 percent, shedding 0.01 percentage points on the November rate of -2.46...
Uganda’s inflation expected to reach 10%
KAMPALA: Uganda's inflation is expected to reach 10 percent through the February election period, but rate hikes last year mean...
Saudi Arabia oil dips below $30
JEDDAH: Oil prices slipped back below $30. This has raised questions about global growth on one hand and left investors...
Cargo traffic handles by major ports increases 13.45m tons
PUNE: Buoyed by the levels and changes of demand both in the domestic and global activity, cargo traffic at India's...
Compal sees 10% growth in shipments
BEIJING: Compal Electronics Inc, the world’s No. 2 contract notebook computer maker, yesterday said it expects its total shipments to...
Oil shipments enhance Rotterdam port
LONDON: 2015 was a record year for Rotterdam port, with throughput rising almost 5% to 466 million tonnes, the port...
Steel shipments down 11.4% YOY
WASHINGTON: Steel shipments or the amount of steel mills actually sell to customers, fell 12.4 percent in November, a 15.5...
Indonesia trade hit by plunge in imports
JAKARTA: Indonesia's trade balance moved back into surplus last year, after three years of deficits, but the turnaround mostly showed...
China starts beef imports from Hungary
BEIJING: China's first-ever shipment of imported beef from Hungary has arrived in Shanghai, local authorities said Saturday. The 12-tonne frozen...
Japan’s national wealth up for second straight year in 2014
TOKYO: Japan’s national wealth at the end of 2014 totaled ¥3.11 quadrillion, up 2.0 percent from the year before and...
GE to sell appliances business to China’s Haier Group
BEIJING: General Electric Co. said it would sell its appliance business to China’s Haier Group for $5.4 billion in cash,...
China’s economy grew 7% in 2015, services made up half of GDP – Premier
BEIJING: China's Premier Li Keqiang attends the 4th Meeting of Heads of Government of China and Central and Eastern European...
