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Sri Lanka’s commercial banks’ credit to private sector jump by Rs 41.4 bn in March
COLOMBO: Following the reduction in policy rates of the Central Bank in April 2015, market interest rates have adjusted downwards...
Qatar Airways ready to launch new A350 services on Munich route
DOHA: Qatar Airways has announced the expansion of its A350 services to Germany, with the aircraft being deployed on its...
Kuwait’s Al Ahli Bank to acquire 98.5% stake in Piraeus Bank Egypt for $150m
KUWAIT CITY: Kuwait’s Al Ahli Bank will pay $150 million cash for a 98.5 percent stake in Piraeus Bank’s Egyptian...
Malaysian authorities probe involvment of Customs officers in smuggling
KOTA KINABALU: Senior state Customs officers with millions of ringgit in their bank accounts are being probed while two major...
Hong Kong Customs seizes smartsphones, electronics in sampan boats
HONG KONG:Two sampans loaded with HKD4 million-worth of smartphones and electronics have been intercepted in a small river between Hong...
Chinese Customs seizes seven snakes in mail
SHANGHAI: China has previously busted snakes on a plane and on a train (well, sort of) and now customs officials...
Mercator Lines revenue falls 25% to $56.3m
SINGAPORE: Mercator Lines (Singapore), an Indian-owned dry bulk shipping firm, posted a net loss of US$125.4 million (S$166.8 million), widening...
US police seize 6kg heroin, clutch 2 smugglers
CHARLOTTE: Charlotte-Mecklenburg police and federal agents seized 13 pounds of heroin in a stash house nearby, which CMPD Police Capt....
Rockstar files lawsuit against BBC for censorship of Grand Theft Auto game
LONDON: Rockstar Games and parent company Take-Two Interactive have registered a case against the British Broadcasting Corporation (BBC) over the...
LG 1mm thick TV can be bent as easily as piece of wallpaper
TOKYO: LG has introduced 1mm thick TV that can be bent and mounted as easily as a piece of wallpaper....
Minecraft gets another security patch, brings game up to version 1.8.5
LONDON: Minecraft has gotten another security patch which brings the game up to version 1.8.5. The new update, which is...
Google Android M includes fingerprint authentication
NEW YORK: Google Android M could include a native fingerprint authentication, which is currently seen on a few Android smartphones...
Asia spot LNG: July Japan Korea Marker begins trading month at $7.75/MMBtu
TOKYO: The Platts JKM for July delivery the new front month held its ground at $7.75/MMBtu over the Asian trading...
Fate of Zimbabwe’s mobile operator Telecel is uncertain
HARARE: The fate of Zimbabwe's third largest mobile telecommunications company, Telecel, is hanging in the balance after the country's regulatory...
Zimbabwe maintains ban on scrap metal exports
HARARE: Zimbabwe said this week it will maintain a decade-long ban on unlicensed exports of scrap metal in order to...
Zimbabwe ices 15% platinum levy
HARARE: Zimbabwe has put the brakes on a plan to levy a 15% tax on unbeneficiated platinum group metals (PGMs)....
Kenya’s public debt swells to $28 billion
NAIROBI: “The gross public debt increased from 25.5 billion dollars as of end of June 2014 to 28.2 billion, an...
Ministry cuts interest on State investment
HANOI: In a move to ease businesses' access to loans, the Ministry of Finance this week cut interest rates on...
Vietinbank officially merges with PGBank
HANOI: Viet Nam Bank for Industry and Trade (VietinBank) and the Petrolimex Group Commercial Joint Stock Bank (PGBank) signed an...
Sheepmeat exports in New Zealand and Australia see decline in first quarter
CANBERRA: Sheepmeat exports in New Zealand and Australia have seen a decline in exports in the first quarter of 2015...
