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 African stocks hit record high, Woolworths among top gainers
JOHANNESBURG: South African stocks ended higher, helping the broader index notch up a second consecutive record high, as an upbeat...
Swiss lender ‘Notenstein Private Bank’ to buy rival La Roche
ZURICH: Swiss lender Notenstein Private Bank said on it would buy Basel based bank La Roche 1787, which manages 6.5...
Standard Chartered looks to sell retail unit in Philippines
MANILA: Standard Chartered is looking to sell its retail business in the Philippines, part of a wider bid by embattled...
India imports 273,500bpd Iranian crude in Jan with 21.5pc decline
New Delhi: In January, India slashed imports of Iranian oil as it scrambled to bring its purchases from the OPEC...
Fertiliser minister says Rs60k cr investment required in petrochemicals sector
New Delhi: Fertiliser Minister Ananth Kuamr said the petrochemicals sector requires an investment of over Rs 60,000 crore in the...
31.2m shares, 1.9% of total stock: Investor group demands $25b back from GM
DETROIT: General Motors Co is facing a massive ‘financial crunch’ as an investor group has demand the company to give...
Earnings sank 8% to £1.62b in 2014: Rolls-Royce slashes 2015 profits forecast between $2.2b-$2.4b
LONDON: The United Kingdom’s engine maker Rolls-Royce has decreased its earnings forecasts due to reducing oil prices in international market...
‘Mahatma Gandhi Series-2005’: RBI to issue Rs10 denomination bank notes
Mumbai: Reserve Bank will soon issue Rs 10 denomination bank notes in the 'Mahatma Gandhi Series-2005', incorporating rupee symbol and...
Reliance Capital sees 28pc increase in net profit at Rs 213 crore, total income rises 11pc to Rs 2,105 crore
Mumbai: Reliance Capital announced 28 percent increase in its third quarter net profit at Rs 213 crore on robust growth...
Swiss lender ‘Notenstein Private Bank’ to buy rival La Roche
Swiss private bank Notenstein to buy rival La Roche ZURICH: Swiss lender Notenstein Private Bank said on it would buy...
German’s E.ON CEO Teyssen says to put focus on organic growth
BERLIN: Chief Executive Johannes Teyssen said E.ON German utility plans to put priority on natural growth rather than acquisitions once...
Focus Market Report: Brazil GDP to expand by 13pc in 2015
BRASILIA: In less than a month of the new year, the financial market follows with a daunting position relative to...
Community Bank announces net income of $2.3m, net income available to common shareholders $8.6m
New Albany, Ind: Community Bank Shares of Indiana, Inc. announced fourth quarter net income available to common shareholders of $2.3...
Afghanistan gets $130m aid from ADB to enhance transportation infrastructure
KABUL: The Asian Development Bank (ADB) provided 130 million dollars aid to Afghanistan for developing its transportation system, including the...
Gold demand hits 4% low to 3,924 tonnes last year
BAGHDAD: Gold demand hit a five-year low last year as buying of jewellery, coins and bars failed to keep pace...
SBI starts largest-ever Rs 15,000 crore fund raising drive
Mumbai: State Bank of India started its largest-ever fund raising drive to raise up to Rs 15,000 crore by picking...
Scoring 91.6 in index, India second most optimistic nation, Myanmar first with 97.2 score
Mumbai: As per the MasterCard consumer confidence index, India scored 91.6 in the index which is calculated with zero as...
RBI: Forex kitty at all-time high of USD 330b but could not fight extreme volatility
Mumbai: Though the country's forex kitty was at an all time high of USD 330 billion, there should be no...
Indonesia’s Mandiri Bank to seek $800m in funding in 2015
JAKARTA: Indonesia’s largest bank by assets, Bank Mandiri, is planning to seek about US$800 million in wholesale funding this year...
Singapore’s ComfortDelGro earns record $4.05 billion revenue in 2014
SINGAPORE: Transport giant ComfortDelGro Corp reported yet another record set of results for the year ended Dec 31, 2014 here...
