NEW DELHI: India said Friday it will sell a 10 percent stake in top performing state-run refiner Indian Oil Corporation, the latest effort to raise money to plug the fiscal deficit.
DUBAI/LONDON: Some of OPEC's Gulf members are concerned about the latest drop in oil prices which had not been expected, OPEC delegates said, but they see little chance of the exporting group divertin
JEDDAH: The Saudi mobile industry holds bright prospects due to the visionary and pragmatic leadership of the Communications and Information Technology Commission.
OSLO: Norway on Friday gave its green light to the development of the mammoth Johan Sverdrup gas field in the North Sea, the first phase of which is worth 12.7 billion euros alone.
PARIS: Global growth jitters have shaken world financial markets with the powerful Chinese economic engine slowing down, the European economy sputtering and the US Federal Reserve unclear about the ti
TOKYO: Japanese Finance Minister Taro Aso said Friday that recent moves by China to allow its currency to depreciate are a concern and could pose problems for Tokyo.
KUALA LUMPUR: Malaysia, which drew the ire of the International Monetary Fund with capital controls 17 years ago, has ruled out doing so again as its currency plunges.
ASTANA: The Asian Development Bank (ADB) said Friday it had approved a $1 billion loan for energy-rich Kazakhstan after the Central Asian country's currency lost a quarter of its value against the dol
BEIJING: Activity in China's factory sector shrank at its fastest pace in almost 6-1/2 years in August as domestic and export demand dwindled, a private survey showed, adding to worries that the world
BRUSSELS: Euro zone business activity rose in August, a closely watched survey said Friday, on the back of solid growth in Germany and despite sluggishness in France.
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