Japanese Cabinet Oks USD139.4b provisional budget Japan's Cabinet approved a USD139.4 billion provisional budget for fiscal 2013 to cover spending for 50 days, reported Xinhua News. The budget will also ... US Supervalu to cut 3% of workforce Supermarket operator Supervalu announced that it will slash 3 percent of its workforce, with the move to take place at almost all of the firm's offices and ... Arab League endorses USD1b fund for Arab East Jerusalem During the Arab summit that was held in Doha, the Arab League has approved the establishment of a USD1-billion fund to finance projects and programs in ... Korea's Debt-to-GDP Rate Hits Record High in 2012 The ratio of South Korea's total debt to its economic output rose to a record high in 2012 as debt grew at a faster pace despite the ... Lloyds Of London reports USD4.2b profit in 2012 The Lloyds Of London insurance market managed to post pre tax profits of USD4.20 billion last year, up from a loss of USD782.73 million in 2011, reported ... Spain's bank says unemployment to 27.1 pct in '13 > Spanish central bank said Tuesday unemployment was projected to rise to 27.1 percent by end of this year. Joblessness make up ... Kuwait- S&P upgrades Gulf Bank's long-term credit rtg to BBB+ Standard & Poor's , the world's leading international credit rating agency, today upgraded Gulf Bank's long-term credit rating from BBB ... Dubai- DSOA reports 26% rise in 2012 profit Dubai Silicon Oasis Authority stated that the technology park's net profit for 2012 jumped by 26 percent from a year before to USD45.01 million, ... IMF: Recession keeps Italy's banks at risk Italy's financial system has shown impressive strength but the ongoing recession remains a major threat to its banks, the International Monetary Fund ... Hollande says EU bank deposit guarantees should be sacrosanct French President Francois Hollande said Tuesday that the safety of bank deposits, called into question by the Cyprus bailout, should be sacrosanct in ... Indian expats explore higher education options in Saudi Arabia Students and parents have strongly urged the Indian mission to explore options for opening higher education avenues for Indian expatriate ... Japan's Dentsu completes $4.8 bln Aegis takeover Japanese advertising giant Dentsu said on Wednesday it has completed a 3.16 billion pound takeover of British media group Aegis after ... Dow Chemical signs agreement on Argentina oil, gas Argentina's state-run energy company YPF says it has signed a memorandum of understanding with the local subsidiary of Dow Chemical to develop shale ... GM fires 598 workers at Brazil auto plant US automaker General Motors said it dismissed 598 workers at a struggling assembly line at his Brazilian unit Tuesday in line with an agreement ... Qantas, Emirates tie-up wins final approval Australia's competition watchdog on Wednesday gave final approval for Qantas and Emirates to launch a "game-changing" global alliance, saying the ... Monsanto, DuPont end fight over GMO seeds Agribusiness giants DuPont and Monsanto ended a legal fight Tuesday over rights to genetically modified seeds, with DuPont agreeing to pay Monsanto ... Dow hits new record, S&P misses in US stock surge US stocks surged higher Tuesday as favorable sentiment towards equities more than compensated for a mixed bag of economic indicators.The Dow set a ... World Bank ready to work with new BRICS bank The World Bank said Tuesday it was ready to support the new development bank being established by the BRICS emerging economic powers, predicting it ... Saudi- Hail inferno kills 7 Indians Seven Indian workers in Hail died in their sleep early yesterday when their warehouse and residence caught fire. The bodies of the victims ... |
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