NEW DELHI: US casual-wear retail giant Gap Inc. says it will open 40 stores in India, calling the expansion “an important next step” in its global growth strategy.
MADRID: Spain has reported record foreign visitor numbers in July, raising the prospect of a significant economic boost from the important summer tourism season.
MUMBAI: The Indian rupee rose, after earlier hitting a three-week high against the dollar, on continued strong buying of debt and shares by foreign investors, while gains in emerging market currencies
The Capital Market Authority (CMA) has issued a set of draft rules for foreigners ahead of the opening of the $580 billion Saudi stock exchange to global investors next year.
LONDON: Brent crude oil fell below $102 a barrel on Thursday, near a 14-month low, on plentiful fuel supplies and as Chinese economic data pointed to slowing demand, although prices steadied in early
JEDDAH: Saudi Arabia’s stock market regulator proposed rules for opening the $580 billion market to direct investment by foreign institutions, including a 10 percent cap on foreign ownership of the ma
HONG KONG: Asian markets mostly fell, with downbeat Chinese manufacturing data dragging down Hong Kong and Shanghai as concerns grew about the pace of recovery in the world’s second-largest economy.
ZURICH: Swiss engineering group ABB has developed technology that can double the power flow of underground cables, making it cheaper to integrate electricity into the grid from distant offshore wind f
ABU DHABI: Banking group Standard Chartered Plc is liable to legal action in the UAE after it agreed to close some customers’ UAE accounts in an anti-money laundering settlement with US regulators, th
WASHINGTON: Bank of America (BofA) agreed to a record nearly $17 billion deal with US authorities to settle claims it sold risky mortgage securities as safe investments ahead of the 2008 financial cri
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