World Business

Saudis promise to raise output welcomed by some OPEC members

Nicosia, June 18: The news that Saudi Arabia has told the UN Secretary General Ban Ki-moon that it will increase its crude output to 9.7 million barrels a day (b/d) in an effort to bring down price

Goldman Sachs profits down, but above projections

Goldman SachsNew York  - US investment bank Goldman Sachs reported Tuesday that its second-quarter e

Indonesian parliament passes Islamic banking bill into law

Jakarta - The Indonesian parliament on Tuesday passed a Sharia or Islamic banking bill into law, paving the way for the government to ensure legal certainty in running the sharia banking industry i

Australian setback for internet auctioneer eBay

Sydney - eBayInternet auctioneer eBay said Tuesday it would c

Singapore's oldest retailer delists from exchange

Singapore - Robinson and Co Ltd, Singapore's oldest retailer, is to be delisted from the Singapore Exchange Monday after its takeover earlier this year by the Dubai-based Al-Futtaim Group, Robinson

US retail sales rise as tax rebates help reverse economic downturn

US EconomyWashington - US retail sales climbed an unexpected 1 per cent in May from the previou

Pages