A fuel station employee fills up a motorcycle in south Jakarta. (Reuters)
BAHRAIN: Commercial bank lending in Bahrain is expected to pick up after a slump, and the plunge of oil prices is not hurting liquidity in the banking system, Bahrain's central bank Gov.
NEW YORK: Facebook said it has boosted the number of advertisers on the social network to two million as it launched a mobile app for those managing their commercial pitches.
BAHRAIN: GCC countries have so far failed to diversify their economies away from oil revenue and some may eventually face political challenges as a result, a senior Qatar central bank official said.
NEW YORK: The US is probing major banks over possible manipulation of precious metals markets, the Wall Street Journal said.
JEDDAH: Jeddah-based Islamic Development Bank (IDB) is set to meet fixed income investors starting Sunday ahead of a potential dollar-denominated sukuk transaction, a document from lead arrangers show
SYDNEY: Global mining giant BHP Billiton said its first-half net profit almost halved to $4.26 billion on the back of collapsing commodity prices as it reiterated a plan to spin off non-core assets.
ABU DHABI: US drone makers are expecting a surge in sales of military and civilian drones to Gulf states after the State Department eased export rules last week, industry executives said on Tuesday.
NEW YORK: JPMorgan Chase has unveiled plans to eliminate hundreds of retail branches and some $100 billion in deposits as it announced nearly $5 billion in cost cuts in the next three years.
LONDON: Bank of England chief Mark Carney has warned employers not to use near-zero inflation as an excuse to offer staff low wage settlements, as that might derail Britain’s economic recovery.
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