ANKARA: Turkey’s central bank is seen keeping its policy rate unchanged at 24 per cent next week, a Reuters poll showed on Friday, with economists expecting it to start easing in June and to cut by a total 500 basis points by year-end. The central bank hiked its policy rate by 11.25 percentage points in […]
London. Royal Dutch Shell Plc is facing prosecution in the Netherlands over a license in Nigeria, intensifying its legal troubles from a transaction that has dogged the company for years. “We have been informed by the Dutch Public Prosecutor’s Office that they are nearing the conclusion of their investigation and are preparing to prosecute,” The […]
“I became the Ruler of Dubai, and the rulers of the other emirates elected me Vice-President and Prime Minister of the UAE.”
He received a hero’s welcome.
Paris. The French and Dutch governments moved to calm a political maelstrom triggered by their power struggle over Air France-KLM, with finance ministers pledging to work together to improve operations at the carrier. “France and the Netherlands want Air France-KLM to be the most competitive in the world,” French Finance Minister Bruno Le Maire said […]
TOKYO Weak demand in China and growing global fallout from the Sino-U. S. trade war took a heavier toll on factories across much of Asia in February, business surveys showed on Friday. Activity in China’s vast manufacturing sector contracted for the third straight month, pointing to more strains on its major trading partners and raising […]
NEW YORK. Gap Inc is splitting into two. The retailer said on Thursday that it’s creating two independent publicly traded companies — low-priced juggernaut Old Navy and a yet-to-be named company, which will consist of the iconic Gap brand, Athleta, Banana Republic as well as the less-known names Athleta, Intermix and Hill City. The San […]
New Delhi: Securities and Exchange Board of India (Sebi) on Friday came out with rules for providing exemption from open offer requirements for corporate debt restructuring, which will now be restricted to scheduled commercial banks and all-India financial institutions. The decision by the market regulator could help the cash-strapped Jet Airways, which is looking for […]
Frankfurt: Euro-area factories suffered their biggest drop in orders in almost six years in February amid mounting concern over trade tariffs and Brexit, dealing a blow to those anticipating a speedy rebound in momentum. Led by Germany and Italy, manufacturing output in the 19-nation region contracted last month, with a Purchasing Managers’ Index falling to […]
When Geetanjali Kaul struggled to keep her child engaged in activities that develop his skills, she spotted a gap in the market