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HuaweiTwenty-six big US companies paid their CEOs more last year than they paid the federal government in tax, according to a study released on Thursday by a liberal-leaning think tank.
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Qatar Telecom (Qtel) is offering $2.2 billion to buy the remaining 47.5 per cent stake it does not already own in Kuwaiti telecom company Wataniya.
AMMAN - The chairman of Jordan-based Arab Bank, Abdel Hamid Shoman, resigned on Thursday after a dispute with key shareholders and the bank’s chief executive, he said in an internal memo seen by Reuters.
DOHA - With a plan to deposit $2 billion in Egypt’s central bank, Qatar is becoming one of the top financial backers of the struggling country as it signals an intention to play a big role in rebuilding North African economies after last year’s uprisings.
Egypt will ask the International Monetary Fund for 50 per cent more than it initially requested as it will probably miss its budget deficit target this year, Finance Minister Momtaz El Saieed said.
LONDON - Gold prices firmed on Friday, tracking a rise in both the euro and European stocks after comments from German Chancellor Angela Merkel late on Thursday fuelled expectations for moves to resolve Europe’s lingering debt crisis.
LONDON - Copper rose on Friday on a softer dollar and after German Chancellor Angela Merkel backed European Central Bank efforts to fight the euro zone crisis, emboldening investors to put their money into riskier assets.
AMSTERDAM — Mildly positive news about the US economy and reassuring words from German Chancellor Angela Merkel about the euro were enough to push global financial markets higher by midday trading in Europe Friday.
The dollar is rising against the euro on signs that the U.S. economy is slowly getting better.
A British bank accused of scheming with the Iranian government to launder billions of dollars will be subject to two years of monitoring at its New York branch and will permanently install personnel to oversee and audit offshore monitoring as part of a $340 million settlement with financial regulators.
