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.
South Africa Telkom denies to reduce 55% workforce
JOHANNESBURG: Telkom SA, South Africa's biggest land-line provider denied a union's claim that the company was planning to cut up...
Kintetsu Express to purchase Singapore’s APL Logistics against $1.2bn
SINGAPORE: Kintetsu Express said that it agreed to pay 144 billion yen ($1.21 billion) to buy all of APL's shares from...
InterContinental Hotels Group sees 2% to $1.85bn revenue fall on hotel sales
NEW YORK: InterContinental Hotels Group (IHG), which owns Holiday Inn and Crowne Plaza, saw revenue fall 2 percent to $1.85bn...
SA’s private schools operator ‘Curro’ plans to raise 1.44bn rand fund
JOHANNESBURG: Curro Holdings Limited, South Africa’s private schools operator, plans to raise 1.44 billion rand ($124 million) from debt markets...
Malaysia inflation dips 1.1% in Jan 2015: CPI
KUALA LUMPUR: Malaysia’s inflation rate, measured by the consumer price index (CPI), fell in January 2015 from the previous month...
Indonesia’s BKPM expects slowdown in Q1 investment
JAKARTA: Investment Coordinating Board (BKPM) deputy director for investment monitoring and implementation Azhar Lubis said realized investment during the first...
CPI-based inflation in January stood at 5.11pc, products` advanced to 1.05pc
New Delhi: From a rise of 2.96 percent in January, 2014, manufactured products` inflation advanced to 1.05 percent in the...
Singapore’s Sembcorp Marine Q4 profit falls by 4.6% in 2014
SINGAPORE: Singapore's Sembcorp Marine Ltd said that its net profit in the fourth quarter fell 4.6 percent, as revenue from...
Fund mop-up doubles to Rs46K-cr in Jan higher than Rs 20,782 crore
New Delhi: Through private placement of corporate debt securities or bonds, fund raising by Indian companies more than doubled from...
Yes Bank raises $500m in May 2014, $422m in Oct and $200m loan in Dec
Mumbai: Yes Bank, in FY15, raised USD 1.2 billion through various transactions, including USD 500 million funding in May 2014,...
$100 million contract: Rolls-Royce not approached in bribery case
LONDON: The United Kingdom’s engine maker, Rolls-Royce, has not been approached by authorities in Brazil regarding bribery allegations made by...
$100 million market value: Net income of 100 Indian firms fall 6% in Q3
MUMBAI/BENGALURU: The combined earnings of India's largest companies fell more than expected in third quarter. The official figures show that...
Qatar’s QIC to raise capital up to QR1.85b from QR1.6b
DOHA: The annual general meeting (AGM) of Qatar Insurance Company (QIC) approved the board of directors’ recommendation to raise the...
Taiwan science parks earn record $73.65 billion revenue in 2014
TAIPEI: Taiwan’s three science parks reported record revenues of NT$2.32 trillion (US$73.65 billion) in 2014, up 6.28 percent year on...
Qatar’s Tasweeq signs 8th LPG term deal with Astomos
DOHA: Qatar International Petroleum Marketing Company Ltd (Tasweeq) has entered into another year of term contract with Astomos Energy Corporation...
Indonesia exports fall by 8.09% to $13.30 billion: BPS
JAKARTA: Indonesia posted a USD $710 million trade surplus in January 2015 according to the latest data from Statistics Indonesia...
UBS AG, Credit Suisse to expand operations to Zurich’s expensive charm
ZURICH: Swiss financial titans UBS AG, Credit Suisse are expanding their operations in provincial Poland in a cost saving drive...
Hyundai to spend $1.8bn to enter US commercial vehicle market
SEOUL: Hyundai, South Korea's Motor Company, plans to spend around $1.8 billion by 2020 on a major offensive in commercial...
DGBAS forecasts 3.78% economic growth of Taiwan in 2015
TAIPEI: Taiwan’s government announced here the other day that its economic growth forecast for this year to 3.78 percent, amid...
Qatari households’ assets touch $153b-$172b range in 2014
DOHA: Qatari households’ estimated net investable assets touched $153bn-$172bn range in 2014. As segment distribution of the assets shows the...
