A Conoco gasoline station in St. Louis, Missouri. (Reuters)
LONDON: British budget airline easyJet has backed Heathrow in London’s runway expansion race and said it would start flying from the capital’s largest airport if the government chooses to increase its
TOKYO: Japan’s two biggest airlines have projected smooth full-year earnings, with All Nippon Airways (ANA) placing a $2.2 billion order for Boeing and Airbus planes, while rival Japan Airlines (JAL)
DUBAI: Qatar Airways announced that it has bought nearly 10 percent of the parent company of British Airways and Spain’s Iberia, deepening wealthy Qatar’s business ties to Europe and intensifying comp
ABU DHABI: Foreign currency exchange firm Travelex will be merged with money transfer company UAE Exchange and listed in Abu Dhabi by early on in 2017, new owner Bavaguthu Raghuram Shetty said.
KUALA LUMPUR: Loss-making AirAsia X, the long-haul arm of Malaysia-based budget carrier AirAsia, has shuffled its leadership and announced plans to raise 395 million ringgit ($108 million) to shore up
Global oil balances will increase in the first quarter of 2015 as oil demand remains subdued but oil supply continues to expand from the US, Russia and Iraq.
JEDDAH: Middle East funds are turning positive on Saudi Arabia’s stock market because of signs that oil prices are starting to stabilize, the latest Reuters survey of asset managers shows.
Saudi Arabia’s benchmark stock index recorded mild losses (-0.38 percent) on Thursday, as investors cashed in on large-cap stocks.
LONDON: New York oil prices tumbled to a near six-year low underneath $44 per barrel on Thursday, as record-high US crude inventories deepened worries over the global supply glut.
DETROIT: Ford Motor Co. said it would keep relying on North America for its profit this year as the No. 2 US automaker signaled that losses in Europe would be more than previously forecast.
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