Wednesday, October 24, 2018

DON'T MISS

Work on South Africa’s $72 billion nuclear plant to start in June

JOHANNESBURG: South Africa's tender for the estimated 1 trillion-rand ($72 billion) expansion of its nuclear power plants will begin in June when state utility Eskom...

Euro exchange rate is too weak for Germany: Schaeuble

FRANKFURT: The euro's exchange rate is too low for Germany and the European Central Bank's expansive monetary policy has boosted the German economy's export surplus,...

Oil prices drop on rise in U.S. drilling

DUBAI: Oil prices fell on Monday as rising U.S. drilling activity and steady supplies from OPEC countries despite touted production cuts pressured already-bloated markets. Prices...

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,...

China’s Xi Warns Against Protectionism

DAVOS: Chinese President Xi Jinping urged global business and political elites to reject trade wars and protectionism, in his first public rebuttal of the...

ING faces $800 million probe over corruption in Uzbekistan

AMSTERDAM: ING is facing a criminal investigation by Dutch prosecutors into its role in money laundering and corruption in Uzbekistan that could result in...

Swiss commodities trader to test Blockchain technology

ZURICH: Swiss firm Mercuria, one of the largest commodities traders in the world, will put to test the first large oil trade transaction powered...

UAE takes lead to lure foreign talent with visa scheme

DUBAI: The cabinet of United Arab Emirates has approved a new entry Visa system focused on attracting professionals and talented people to UAE on Sunday. UAE...

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...

Snapchat makes $3 billion IPO details public

NEW YORK: Snapchat Inc, owner of popular messaging service Snapchat, made many of its financial details public for the first time on Thursday as...

Falling pound sterling makes Apple raise prices on apps

LONDON: Apple has backed up last year's 20% hike in laptop and computer prices with a sharp rise in app costs. The move will mean...

BHP produces record amount of iron ore

MELBOURNE: BHP Billiton Wednesday said it reached record Australian iron ore production in the last six months of 2016, allowing the world's largest miner...
sugar

Brazil and Argentina to discuss sugar status in trade bloc

BRASILIA: The status of sugar in the Mercosur trade bloc is likely to be discussed by the presidents of Brazil and Argentina when they...

Unilever prepares £6 billion pound sale of food brands

LONDON: Unilever is preparing a £6 billion pound ($7.44 billion) sale of some of its food brands, British newspapers reported on Saturday. The Anglo-Dutch company is...
[td_block_social_counter custom_title=”STAY CONNECTED” facebook=”IBTribune” twitter=”IBTribune_News”]

Most Popular

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...

Featured

MORE BUSINESS NEWS