Economy

London: New US sanctions are likely to prevent the use of a Lloyd's of London IT platform for any Iran insurance, adding to difficulties for European...

Hong Kong/New York: The US Department of Commerce on Friday lifted a ban on US companies selling goods to ZTE Corp, allowing China's second-largest...

New York: Citigroup Inc is still on track to hit its goals for efficiency and revenue growth, executives said on Friday, as analysts pressed them to explain...

Washington: The Federal Reserve on Friday pointed to "solid" US economic growth during the first half of the year in its semi-annual report to...

Los Angeles: Chinese imports to US ports rose more than expected in June, suggesting that some retailers moved up orders to insulate themselves from an...

Muscat: Bankers should stay one step ahead of fraudsters, V N Sethuraman, Executive, Banking Development Department at Central Bank of Oman (CBO), said. He...

London: Iran formally opened a secondary market for hard currency on Tuesday, abandoning after just three months an effort to dictate a single exchange rate...

Frankfurt: German chemicals group Evonik has started the auction process for its methacrylates plastics unit, which makes clear acrylic sheets, people close...

London: Britain's information regulator slapped Facebook with a small but symbolic fine for breaches of data protection law after millions of users'...

Sydney: Australia is preparing to ban Huawei Technologies Co Ltd from supplying equipment for its planned 5G broadband network after its intelligence...