World Business

Markets, oil drop in Asia but bitcoin edges towards $50,000

12/02/2021

Asia markets slip as dealers take breath in holiday-thinned trade

11/02/2021

Asian markets push higher as traders focus on recovery outlook

10/02/2021

Asian markets track Wall St records on reopening hopes

09/02/2021

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World Business

A business, also known as an enterprise or a firm, is an organization involved in the trade of goods, services, or both to consumers.

S Korean firm seeks alliance

24/06/2016

SEOUL: Hyundai Merchant Marine Co, South Korea’s second-biggest container liner, is seeking to join the world’s largest shipping alliance. The...

Vietnam sees trade surplus of $1.36bln as of mid-June: Customs

24/06/2016

HANOI: From the beginning of 2016 to June 15, Vietnam saw a trade surplus of some 1.36 billion U.S. dollars,...

Colombia cenbank ups rate to 7.5% to ease still-high inflation

WASHINGTON: Colombia's central bank raised its benchmark lending rate to 7.5 percent on Wednesday, the tenth consecutive monthly increase, in...

Angola imports drop steeply

LUANDA: Angolan imports have dropped 33,6 percent in the last three months this year as compared with the same period...

IMF cuts 2016 U.S. economic-growth forecast to 2.2%

WASHINGTON: The International Monetary Fund cut its outlook for U.S. economic expansion this year, citing a weak energy sector, a...

FedEX loses $70m

MEMPHIS: FedEx Corp lost US$70 million in the latest quarter because of large pension and acquisition items, and the delivery...

Hennes & Mauritz profit falls

STOCKHOLM: Hennes & Mauritz AB says second-quarter net profit fell 17 percent as the Swedish fashion retailer continued to be...

Mitsubishi forecasts loss

TOKYO: Mitsubishi Motors Corp yesterday forecast its first loss in eight years after setting aside compensation costs related to manipulating...

Adobe’s revenue forecast disappoints growth-hungry investors

22/06/2016

CALIFORNIA: Adobe Systems Inc's (ADBE.O) second-quarter revenue and full-year revenue forecast just about met analysts' estimates, disappointing investors hoping demand...

Idaho unemployment rate steady at 3.7% in May

WASHINGTON: The seasonally adjusted unemployment rate in Idaho in May was 3.7 percent, which was the same rate as April....

Moroccan fruit, veg exports to Russia may increase by 40% in 2016

LONDON: The Trade Representative of Russia in Morocco, Vyacheslav Khroliv reported that Russian imports of Moroccan vegetables to the Russian...

Belarus oil import 2.3% up in January-April

MINSK: In January-April 2016 Belarus imported 2.3% more crude oil from Russia in comparison with the same period of last...

Vietnam creates over 613,000 jobs in 5 months

HANOI: Vietnam created some 613,800 jobs in the first five months of 2016, down 3.8 percent year-on-year, according to Vietnam's...

Armenia exports grow by 20.1%

WASHINGTON: Armenia’s economic activity index grew by 5.5% in the first five months of 2016 against the same period last...

Egypt plans to import up to 120 cargos of LNG in 2017

CAIRO: Egypt aims to import between 110 and 120 cargos of liquefied natural gas in 2017, the state-owned Egyptian Natural...

Imports into Zimbabwe decline 12%

HARARE: Total imports into Zimbabwe in the five months to May amounted to $2.07 billion, a decline of 12% compared...

Britain to resume rice imports from Fukushima

LONDON: Britain is set to become the first European Union (EU) country to resume rice imports from Fukushima prefecture in...

Iran, Boeing reach deal on purchase of 100 new aircraft

TEHRAN: Iran and US aerospace giant Boeing Co have reached an agreement for the purchase of 100 aircraft to renew...

Australia to increase tax for foreign home buyers

SYDNEY: Sydney is imposing new taxes on foreigners buying homes, as concerns grow that a flood of mostly Chinese investors...

Namibia suspends pork imports