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.
Eurozone prices plunge 0.6%, ECB aims $1.1tr stimulus program to achieve 2% inflation goal
FRANKFURT: Declining oil prices with low economic growth caused consumer prices to fall sharply in the eurozone in January. The...
Vinalines sells 3.89 million shares of Nghe Tinh Port
HANOI: Vinalines reportedly sold 3.89 million shares of Nghe Tinh Port at the IPO (initial public offering) in 2015. Investors’...
Ukraine’s ports observe decline in cargo due to falling grain harvest
UKRAINE: Hostility with Russia, a second consecutive year of recession and a poor grain harvest are all risks to the...
Adani unveils wide-ranging restructuring plan to expand ports, power operations
ADANI: Indian conglomerate Adani Group unveiled a wide-ranging restructuring of its businesses in a move designed to make it easier...
Taiwan’s exports grow by 2.7%, imports rise by 1.6% in 2014
TAIPEI: Taiwan's exports and imports rose marginally in 2014 despite falling year-on-year in December, the Ministry of Finance (MOF) said...
Qatar to open QR200m meat processing plant next month
DOHA: A huge and ultra-modern meat processing plant being built at a cost of QR200m ($55m) is all set to...
Malaysia MPs urge govt to exclude charities, NGOs from GST
KUALA LUMPUR: The GST, according to two Malaysian MPs, has a potentially negative impact on charities and non-profit organizations. The...
Declining oil prices: Indonesia inflation to ease to 7.50% from 8.36% in January
JAKARTA: Annual inflation in Indonesia likely to be eased to 7.50 percent in January from 8.36 percent in December 2014...
Vodafone Qatar’s revenue jumps 21% to QR1.73bn in 2014
DOHA: Vodafone Qatar’s total revenue grew by 21 percent to QR1.73bn for the nine months ended December 31, 2014. The...
Smugglers Toss Lifeline to Venezuela’s Coffee Farmers
CARACAS: With Venezuelans unable to find their country’s coffee in supermarkets, the nation’s embattled farmers are turning to an unlikely...
Missouri governor seeks trade potential with Cuba
JEFFERSON CITY: The US government revisits its diplomatic relations with Cuba following President Barack Obama’s decision last month; Missouri Gov....
Lebanon health ministry officers seizes 2 tons of rotten fish
BEIRUT: Officers with the Health Ministry seized 2 tons of fish that was either rotten or past its consumption date...
Charter airline Phoenix to scheduled Caribbean flights by 2016
ARUBA: Intra Regional travel in the Caribbean could be in for a boost with the coming on stream of a...
Guyana authorities confiscate 192kg cocaine from navigation vessel
GUYANA: The navigation vessel that arrived from Suriname has been hidden 193kg of cocaine in it. The drugs were found...
California motorists purchased more gasoline in Oct, consumption up 2.3%
SACRAMENTO: Motorists in California purchased more gasoline in October 2014 than any corresponding month since 2007, according to state tax...
Adani Enterprises announces mega restructuring plan for port operators
ADANI: Gautam Adani owned, Adani Enterprises announced a mega restructuring plan under which port operations of Adani group has been...
Sri Lanka eyes Rs5 billion from casino tax
COLOMBO: Sri Lanka Finance Minister Ravi Karunanayake said that every casino license issued till now will be subject to a...
Lebanon industrial exports down 7.5% in first 10 months of 2014
BEIRUT: Lebanon’s industrial exports in the first 10 months of 2014 dropped by 7.5 percent compared to the same period...
Morgan Stanley announces net revenues of $7.8b, net discrete tax benefit of $1.4billion
NEW YORK: Morgan Stanley announced net revenues of $7.8 billion for the fourth quarter ended December 31, 2014 versus $7.8...
Sri Lanka imposes new ‘Mansion Tax’ on Rs.100 million houses
COLOMBO: SL’s Finance Minister Ravi Karunanayake said that a Rs.1 million annual levy aptly named the ‘Mansion Tax’ will be...
