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HuaweiFrench 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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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
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
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
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
NEW YORK - Come September 2012, the United Nations will have a new fashionable neighbour that will be a fitting complement to its illustrious namesake.
Markets10 years ago
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
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
NEW YORK - Kuwait’s state-run chemical company must pay Dow Chemical Co $2.16 billion under an arbitrator’s ruling for wrongly cancelling a planned plastics joint venture in 2008, Dow said on Thursday.
Markets10 years ago
The European Union launched a challenge at the World Trade Organization on Friday against Argentinian import restrictions after Buenos Aires seized Spanish oil assets.
Markets10 years ago