Business

Caracas: Venezuelan state oil company PDVSA's revenue from oil and fuel sales in 2016 dropped 34 per cent from the previous year to $48.0 billion, the...

Milan: Monte dei Paschi di Siena reported a 3.1 billion euro ($3.7 billion) second-quarter loss after additional writedowns on the bad loans Italy's...

New York: Bearish stock investors are slowly coming out of hibernation, as money has begun to move into funds that aim to profit when markets dive. US...

Muscat: Petroleum Development Oman (PDO) and Oman Liquefied National Gas (Oman LNG) have signed a three-year partnership agreement to enhance technical and...

Beijing: China's e-commerce giant Alibaba has signed an agreement with its home city government in Zhejiang province to use the company's technology...

London: Britain needs a transition period to soften its exit from the European Union, but it cannot be used to stop Brexit, two senior ministers said on...

Dubai: Iran is holding talks with European planemaker Airbus to buy 48 helicopters for civilian use, an Iranian official was on Saturday quoted as saying,...

Sydney: In a run-down mall in one of Sydney's biggest Chinese neighbourhoods in 2015, 29-year-old Jizhang Lu showed up at the top-floor offices of a...

San Francisco: Amazon.com is exploring a technology first developed for the US military to produce tasty prepared meals that do not need refrigeration, as...

London: World oil demand will grow more than expected this year, helping to ease a global glut despite rising production from North America and weak Opec...