Markets

French banks plan for Greek exit

French banks, which are among the lenders most exposed to Greece, have stepped up their efforts on contingency plans for the debt-laden country leaving the eurozone, sources familiar with the situation said.

Markets10 years ago

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Pak rupee sinks to new low

Markets

Pak rupee sinks to new low

The Pakistan rupee sank to a new low on Friday against the US dollar as the demand for the greenback rose due to oil imports payments, though Islamabad has repaid a $394 million loan installment to the International Monetary Fund.

Markets10 years ago

Markets

EU files case against Argentina

BRUSSELS/GENEVA - The European Union filed a suit against Argentina’s import restrictions with the World Trade Organisation (WTO) on Friday, intensifying the disputes between the South American nation and its trading partners.

Markets10 years ago

Markets

Aramco, Sumitomo eye $7b petrochem expansion

TOKYO - Saudi Aramco and Sumitomo Chemical plan to go ahead with a $7 billion expansion of a petrochemical project in the kingdom, the Japanese firm said on Friday, quelling doubts over the future of the delayed development.

Markets10 years ago

Markets

Gulf Air boosts Dammam operations

MANAMA - Bahrain’s national carrier Gulf Air announced it has added seven weekly flights to its schedule to and from Dammam, a capacity increase of 30 per cent to meet the increasing market demand predicted during the busy summer months. The airline now operates 30 flights per week, no less than four flights per day, started on May 21, offering passengers access to an additional 1,904 seats.

Markets10 years ago

Markets

No German money for Greek ‘bottomless pit’

BERLIN - Germany will not “pour money into a bottomless pit” and patience with Greece is growing thin ahead of a new election in the Mediterranean country, a conservative member of Chancellor Angela Merkel’s cabinet was quoted on Saturday as saying.

Markets10 years ago

Europe’s slump deepens

Markets

Europe’s slump deepens

The shadows over the global economy darkened this month as the eurozone’s private sector contracted, US manufacturing growth slowed and China’s once-booming factories faltered, surveys showed on Thursday.

Markets10 years ago