Business » World
Friday, 19 April 2013
THE 7th World Islamic Economic Forum (WIEF) Roundtable took off in Madinah Wednesday, discussing issues on growth harnessing economy through public-private partnership (PPP) and the role of ethical corporate governance in today's competitive global...
INDIA'S top court has kept a ban on bauxite mining in hills in the eastern state of Odisha considered sacred by residents, whose opinion it has ordered to be sought on whether digging would disrupt the environment or their livelihoods.The Supreme...
Indian exports decline despite weak rupeeNEW DELHI: India's exports contracted in the financial year which has just ended, despite a sharp decline in the value of the rupee and efforts to turn the country into a manufacturing hub, data showed...
IMF chief Christine Lagarde is to be grilled in court by prosecutors investigating a huge state payout to a disgraced tycoon during her time as French finance minister.Lagarde has been ordered to appear before the court at the end of May to answer...
FRESH worries of slowing growth and potential turbulence from a global flood of liquidity will be in focus when the world's central bankers and finance ministers gather beginning Thursday for the spring meetings of the IMF, World Bank and G20.There...
GLOBAL auto makers will flock to China's premier car show, affirming its importance as the world's largest vehicle market and the saviour of an industry pummelled by European and US economic woes.The Shanghai auto show which opens on Sunday will...
Thursday, 18 April 2013
VIETNAM'S top fuel importer Petroleum Import-Export Corp, or Petrolimex, has completed its talks to buy more than 200,000 tonnes of gasoil and 230,000 tonnes of gasoline for second quarter delivery, industry sources said.This is the state-owned...
TOYOTA'S global sales of gasoline-electric hybrid vehicles have surpassed 5 million in a milestone for a technology that was initially greeted with skepticism. The Japanese automaker, which said yesterday it had sold 5.125 million hybrid...
TESCO, Britain's biggest retailer, will exit its loss-making business in the United States, taking a US$1.5 billion writeoff that caused its annual profit to fall for the first time in 20 years.The group also wrote down the value of its property in...
SINGAPORE'S non-oil domestic exports (NODX) rose 8.0 per cent in March from February after seasonal adjustments, beating expectations, in a sign that its manufacturing sector has begun to stabilise after a weak start to the year.However, the pick up...
RUSSIA'S Rosneft state oil giant announced yesterday that it had signed a framework agreement with Japan's Marubeni Corporation for the possible construction of a liquified natural gas plant in the Russian Far East.The announcement marks one of...
THE president and chief executive of Japanese electronics giant Panasonic will have their salaries halved as part of a move to take the blame for the firm's financial woes, the company said yesterday.President Kazuhiro Tsuga and Chairman Fumio...
MALAYSIAN property developers and contractors must grab investment opportunities in Tunisia which is undertaking the development of a new US$20 billion city in Sfax, 270km southeast of Tunis.President and Chairman of the Board (International Mega...
THE Lao government plans to build a massive 420km high-speed railway from the Chinese border to Vientiane, and a 220km high-speed railway linking Lao Bao on the Vietnamese border with Savannakhet on the Thai border.Details of the projects are...
SEVERAL refineries in Japan and South Korea will trim fuel output in May, on top of capacity already shut for maintenance, as they cope with weak margins and low demand, trade sources said yesterday.The lower refinery use rates will cut crude demand...
SANCTIONS-HIT Iran considers the "logical" price of crude to be around US$100 to US$120 a barrel, its oil ministry said yesterday, ahead of an OPEC meeting next month."The logical price for oil is around 100 and 120 dollars a barrel,...
INDONESIA appears to be softening a controversial mining policy amid industry criticism and legal challenges to rules whose implementation could cost Southeast Asia's largest economy up to US$10 billion a year in lost exports.The world's top...
Indonesia c bank sees low inflation in AprilJAKARTA: Indonesia month-on-month headline inflation in April is likely to ease due to declines in food prices, a top central bank official said yesterday. Deputy Governor Perry Warjiyo estimated the...
MORE than 200 striking dock wor-kers camped outside the headquarters of Asia's richest man yesterday, pressing demands for a pay rise at a port operated by the tycoon that has disrupted traffic in the world's third-largest container port.Unionists...
FRANCE presented yesterday a plan to get its public deficit back under the EU limit by 2014, having decided to let debt grow further as it tries to jumpstart a sputtering economy.The plan to bring the deficit below 3.0 per cent of gross domestic...
Feel free to comment on this article using your Facebook account. By submitting your comment,
you agree to the Terms and Conditions for the use of this comments feature, as stated here.
