Business

Muscat: A European Union (EU) delegation touring the Sultanate has hailed Oman for its “consistent efforts” in mediating between the parties involved in...

Berlin: A $5-billion bid by Chinese home appliance maker Midea Group to buy German industrial robot manufacturer Kuka poses a dilemma for Angela Merkel. The...

London: European banks are holding back from business with Iran partly due to worries they might breach remaining sanctions, despite assurances from US and...

Sendai, (Japan): A rift on fiscal policy and currencies is likely to set the stage for G7 advanced economies to agree on a "go-your-own-way"...

Frankfurt: The European Central Bank (ECB) does not currently have any plan to trim its deposit rate further, executive board member Benoit Coeure said on...

Brussels: The euro zone and International Monetary Fund (IMF) are struggling with Greece's debt crisis — not with Athens this time, but with each...

New York/Frankfurt: German drugs and chemicals group Bayer made an unsolicited takeover offer for US seeds company Monsanto, aiming to create the...

Zurich: UBS Group is trimming some positions at the investment bank as part of a plan to reduce costs across the business in response to a revenue slump,...

London: The heads of 15 major international companies, including GE, Cisco, Mars, EMC, Airbus, and former New York Mayor Michael Bloomberg, have signed a...

Amman: Iraq has reached a $5.4 billion standby agreement with the International Monetary Fund (IMF) that could unlock $15 billion more in international...