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Finland’s oil prices, electricity down in Q1-2015
HELSINKI: Consumer prices of liquid fuels fell clearly in the first quarter of 2015, which was a consequence of the...
Finnish Energy consumption decreases 6% in Q1 2015
HELSINKI: The total energy consumption in January to March amounted to 361 petajoule in the first quarter of 2015, which...
Nokia looks partners to return to cell-phone market
HELSINKI: Nokia is preparing to make a return to the cell-phone market, its chief executive officer, Rajeev Suri, told the...
Finnish postal service Posti to close most of its outlets
HELSINKI: Antti Kess and Miisa Nissinen are not particularly concerned about the looming closure of their local postal outlet. Antti...
ECB Hands €74b to Banks as Lending Shows Upturn
HELSINKI: The European Central Bank handed 73.8 billion euros ($84.2 billion) to euro-area banks in the fourth round of a...
Over 55% plunge in benchmark crude prices from June 2014 to March 2015
HELSINKI: Plunging oil prices are moving oil companies to cut spending on exploration activity, presenting a major challenge for seismic...
Offshore windfarms set to fly with new standard for their ports
COPENHAGEN: Offshore wind energy is a growing business, providing enormous potential to meet the world’s energy needs. But with their...
Springfield to convert 2 more OBOs to VLCCs in Oman
ATHENS: Onassis-controlled Springfield Shipping is to convert two oil-bulk-ore (OBO) carriers to VLCCs at Oman Drydock Company (ODC), Oman. The...
Hercules Offshore shares push to 62% on restructuring news
COPENHAGEN: Drilling contractor Hercules Offshore’s shares plunged 62% on the NASDAQ yesterday after it was announced that the company would...
Drybulk giant Star Bulk offloads ageing capsize 170,162 dwt
ATHENS: Drybulk giant Star Bulk Carriers has sold ageing capesize Star Mega (170,631 dwt, built 1994) to an unnamed party....
Shreyas Shipping buys small containership from OEL worth of €7m
ATHENS: Shreyas Shipping & Logistics has signed a memorandum of understanding to acquire a sub-panamax containership from UAE-based Orient Express...
Fred Cheng’s Shinyo International buys 5 VLCCs worth of €326m
ATHENS: Fred Cheng’s Shinyo International has bought five VLCCs for a combined $326m, brokers told Splash today. All the deals...
Sk Hynix to pay $432 million more to Rambus in S.Korea
SEOUL: Rambus Inc. said it would receive an additional $432 million from chip maker SK Hynix Inc. under a six-year...
Oman’s export body approves credit limits for OMR5m
MUSCAT: Board of directors of Export Credit Guarantee Agency (ECGA) of Oman approved credit limits for more than OMR5 million...
Mongolian coal miner signs deal to ship coal to North Korea’s Rason port
SEOUL: A Mongolian coal miner has signed a deal with a shipping company to deliver its coal via Russia to...
Softbank’s fisher tops Japan executive pay at $15 million last fiscal year
TOKYO: SoftBank Corp. Director Ronald Fisher earned 1.79 billion yen ($15 million) last fiscal year, a record for an executive...
Indian Customs arrests man in gold smuggling case at airport
NEW DELHI: A man has been arrested for allegedly trying to smuggle into the country gold valued at about Rs...
Chief Commissioner-IR Shahid Zaman promoted to BS-21.
ISLAMABAD: Shahid Zaman, Chief Commissioner-IR, Regional Tax Office, Sargodha, has been promoted to BS-21. The officer, pursuing the Board's Notifications...
Indian customs seizes 9.44kg gold worth 2.65cr at Goa airport
NEW DELHI: Customs seize gold stashed in passengers rectumCustoms officials seize gold brought in by concealment15kg of gold missing from...
Oman receives OMR292m trade contract in May
MUSCAT: Trade contracts worth OMR292,211,518, were received along with fees totalling OMR5,791,470 during May, Dr Ali Azzan Al Hashami, deputy...
