CAPE TOWN: The country’s premier export finance institution Exim Bank, which is looking to disburse $10 billion to Africa in...

PARIS: French telecom firm Orange says it has completed the sale of its entire 70 percent stake in Telkom Kenya...

MOSCOW: The Russian Central Bank lowered its key interest rate by 0.5 percent to 10.5 percent in a first rate...

BERLIN: The German economy would slow down its growth in the second quarter of 2016 despite a positive kickoff as...

TEHRAN: Iran plans to increase its refining capacity for crude and condensate by more than 70 percent within the next...

LONDON: Deputy leader of the Labour Party Tom Watson has warned that Britain will face spending cuts and tax rises...

RIYADH: A surge in weapons purchases by Saudi Arabia, leading a coalition of nations fighting in Yemen, helped push global...

BEIJING: Foreign direct investment (FDI) into the Chinese mainland fell 1 percent year on year to 8.9 billion U.S. dollars...

BEIJING: China's retail sales of consumer goods grew 10 percent year on year in May, compared with the 10.1-percent growth...

BEIJING: China's fixed-asset investment grew 9.6 percent in the first five months, 0.9 percentage points lower than that recorded in...

HOUSTON: Citgo Aruba said it would invest US$450 million to US$650 million to reactivate an oil refinery in Aruba that...

PHNOM PENH: Cambodia exported 28,953 tons of dry rubber in the first quarter of 2016, down 8 percent from 31,476...

RIYADH: Saudi Arabia is seeking international investors to build two solar power plants, using a deal structure that could become...

TEHRAN: New model oil contracts, designed to lure billions of US dollars in foreign investment for the energy industry, still...

WASHINGTON: The unexpected downturn in the US jobs market has once again removed an interest-rate hike from the table as...

WASHINGTON: Port of Liverpool owner Peel Ports has opened the UK’s first fully-automated steel terminal on the Mersey following a...

BARCELONA: The globalization of the world’s economy this century has made it far more vulnerable to the impacts of extreme...

SINGAPORE: The Agri-Food & Veterinary Authority (AVA) on Monday crushed 7.9 tonnes of elephant ivory - estimated to be worth...

TOKYO: Asian stocks tumbled by the most in two months and the pound sank to an eight-week low amid growing...

ISLAMABAD: Telecom sector contributed Rs 744 billion in terms of regulatory duties and taxes during last five years. The sector...