Sunday, August 19, 2018

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S&P raises Argentina’s credit rating

BUENOS AIRES: Standard & Poor's raised Argentina's credit rating one notch Tuesday, from B- to B, saying Latin America's third-largest economy was on the...

Air Berlin CEO sees two or three buyers for its assets

BERLIN: Air Berlin has spoken with more than 10 parties interested in parts of the insolvent carrier and expects its assets will be divided...

Blockchain can save investment banks up to $12 billion a year

LONDON: Blockchain technology could help the world’s largest investment banks cut their infrastructure costs by between $8 to $12 billion a year by 2025,...

IMF raises China growth forecast

BEIJING: The International Monetary Fund on Monday raised its growth forecast for China but warned that rising debt which has prompted concern about the...

No to investment in gambling and sex, says China

SHANGHAI: A recent crackdown by China on overseas investments has been assumed to be mainly focused on high-profile acquisitions of things like hotels and...

TransferWise launches money transfers via Facebook

LONDON: Money transfer company TransferWise has launched a new service that allows users to send money internationally through Facebook Inc's chat application, as competition...

Oil climbs after reports that Saudi Arabia wants output cuts extended

LONDON: Crude oil prices turned positive on Tuesday, reversing course on reports that Saudi Arabia has told OPEC officials it wants to continue output...

London’s financial sector has improved since Brexit trigger

LONDON: The outlook for London's financial sector has improved since Brexit was triggered, insists the man charged with its policy, even as banks remain...

Pentagon announces $8.5 billion F-35 order with Lockheed

WASHINGTON: The Department of Defense and Lockheed Martin Corp announced on Friday an agreement worth about $8.5 billion for 90 F-35 jets, the lowest...

Apple to start India manufacturing in coming months with iPhone SE

MUMBAI: Apple Inc will in the coming months start assembling its lower-priced iPhone SE models at a contract manufacturer's plant in the southern Indian...

Tesco wins UK regulator’s final approval for Booker takeover ​

LONDON: Britain’s competition regulator on Wednesday gave final clearance to Tesco’s (TSCO.L) 3.7 billion pound takeover of wholesaler Booker (BOK.L), tightening the grip of...

Asian economies to dominate the world by 2050

LONDON: In a new report titled “The long view: how will the global economic order change by 2050?”, the world's largest financial services consulting...

Geely doubles earnings as Volvo tech boosts sales

HONG KONG: China's Geely Automobile Holdings Ltd posted its biggest profit growth in eight years on Wednesday, as improved product design and engineering following...

Ex-Goldman banker Mnuchin installed as US Treasury secretary

WASHINGTON: President Donald Trump swore in former Goldman Sachs banker and Hollywood financier Steven Mnuchin as Treasury secretary on Monday, putting him to work...
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China’s oil giant signs $1.77 bn Abu Dhabi deal

ABU DHABI: The China National Petroleum Corporation on Sunday secured an eight-percent share in an onshore oil concession in Abu Dhabi in a deal worth $1.77 billion, the Emirate company said. The Chinese giant signed a...

From Aid to Trade: Getting Afghanistan on its economic feet

LONDON: On 23rd June 2015, Christopher Kolenda, a good friend, senior military fellow at King’s College London and former adviser to General McChrystal, presented a hypothetical doomed scenario of how things could wrong in...

Morgan Stanley, UBS to raise stakes in China securities JVs to 49 percent: sources

BEIJING: Morgan Stanley (MS.N) and UBS Group AG (UBSG.S) are set to raise holdings in their separate Chinese securities joint ventures to 49 percent, people with direct knowledge of the developments said on Monday. China...

S.Africa and EU fight over chicken meat ‘dumping’

PRETORIA: South Africa's poultry industry says it is on the brink of collapse due to hotly-denied accusations that the European Union is dumping cheap chicken in the country in a dispute over free trade. Workers...

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