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International

Total CEO calls for bigger euro role in oil trade
Christophe de Margerie was responding to questions about calls by French policymakers to find ways at EU level to bolster the use of the euro in international business following a record US fine for BNP.
US firm signs $1.175b Iran energy deal
A company spokesman said the project, in the southwestern province of Chaharmahal-Bakhtiari, would create 600-700 jobs, 80 per cent of which would go to locals.
Eurozone recovery to continue at moderate pace
IMF warns France may miss its targets to cut budget deficit, lowers growth forecast for this year
India should avoid fiscal slippage as it seeks to revive economy: WB
Inflation is still uncomfortably high in India and the new government should avoid fiscal slippage as it seeks to revive the economy, the World Bank’s India director told Reuters.
The Swiss commodities connection in African poverty
Are mispricing and the opacity of commodities trading in Switzerland contributing to Africa’s underdevelopment?
Bevy of foreign suitors woo Philippine banks ahead of deregulation
The Philippine law would replace a cap of 60 per cent on foreign ownership and abolish previous rules that allowed just 10 foreign banks in the country.
Drake & Scull bags Dh304m contract in India
The contract for the construction of a new 400 kiloVolt (kV) Double Circuit (DC) transmission line will support DSI’s aggressive expansion plans within India.
US job growth surges, unemployment rate near six-year low
Data for April and May were revised to show a total of 29,000 more jobs created than previously reported.
Bombay Stock Exchange shut after network outage
“Due to a network outage being currently faced, BSE has decided to close all markets,” an official statement added.
Rich Asians buy into upwardly mobile Manila’s luxury condominiums
Marketed to attract buyers wealthy enough to own luxury apartments, most likely in more than one country, the 60-storey office and residential project, dubbed “Century Spire”, is being built in the downtown Makati district.
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