| Fitch warns it might downgrade US rating over debt
 The Fitch ratings agency warned Tuesday that it might revise downward its notation for the United States from its current top "AAA" level if Congress ... Global economy to expand by 2.4% in 2013: WB
The World Bank stated that it expects global economic growth to stand at 2.4 percent during the current year, reported Xinhua News. The bank said that ... China collects USD1.76tr income taxes in 2012
China's State Administration of Taxation stated that in 2012, tax incomes climbed 11.2 percent on annual basis to USD1.76 trillion, reported Xinhua ... What does 2013 hold for oil markets? What was unique about the oil markets in 2012? What to expect in 2013? And how will OPEC and Saudi Arabia respond if demand weakens or new ... Saudi- Sipchem net profit down 25.3% The Saudi International Petrochemical Company has the interim financial results for the period that ended on Dec. 31, 2012. It ... Saudi- Alinma Bank profits rise 70% to SR733m Net profits of Alinma Bank grew by 70 percent to SR733 million in 2012 compared to last year's profits of SR431 million. According to data ... Saudi- Tadawul index continues to fall Saudi Arabia's benchmark stock index sustained its downward fall for the third consecutive day, shaving further 69.31 points yesterday. ... Saudi- Modern Electronics rolling out new Sony Xperia Modern Electronics Co. Ltd/Sony, a subsidiary of the Al-Faisaliah Group and Sony, a leading consumer electronics brand - has launched its new ... Fiat to launch lay-off scheme to modernise Melfi plant
 Italian auto giant Fiat said Tuesday it is launching a special lay-off scheme at its Melfi plant in order to modernise the factory as part of a new ... Renault to cut 7,500 jobs by 2016
 Ailing French carmaker Renault said Tuesday it would cut its staff in France by 7,500 workers by 2016.The company will shed 5,700 jobs through ... Japan issues $87.8 bn in bonds to pay for stimulus
 Japan on Tuesday approved an extra budget that includes issuing $87.8 billion more debt to help pay for a massive stimulus package aimed at breathing ... US seeks new global trade deal for services
 The United States will meet representatives of other major economies to try to negotiate a global agreement on the trade in services, the top US ... Jeep to build cars in China with GAC
 The iconic American Jeep brand will be manufactured in China and Italy's Fiat will also build more cars there through an expanded partnership ... Lincoln, Cadillac struggle to get luxury groove back
 Luxury carmakers should all be smiling -- the resurgent US market, and China's booming wealth sector, and other rising large economies, are ... Emerging companies to shape global economy in next decade: study
 Top companies from emerging markets are riding the rapid growth of their regions and will shape the global economy over the next decade, a study said ... Saudi- SR 1.89bn allocated for Ports Authority budget Some SR 1.89 billion was allocated to boost the budget of the Saudi Ports Authority in the fiscal year of 1434-1435, President of SPA ... Saudi- Shoura decision ushers in new era The decision by Custodian of the Two Holy Mosques King Abdullah to grant women 20 percent seats in the new Shoura Council underlines two ... Move on assault weapons creates risks for Obama
President Barack Obama appears ready to gamble in the debate over gun control. By signaling on Monday that he will ask Congress to ban ... Saudi- Egyptian lawyer gets 5 years for drug trafficking
 A Jeddah court on Tuesday convicted Egyptian lawyer Ahmed Al-Gizawi on drug trafficking charges and sentenced him to five years in prison and ... Breast cancer drugs proposed for 'high-risk' women
 Women with a family history of breast cancer who are thought to be at greater risk of developing the disease could be offered drugs aimed at ... | 
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