The International Monetary Fund on Monday cut its forecast for global economic growth and warned that the outlook could dim further if policymakers in the euro zone do not act with enough force and speed to quell their region's debt crisis.
July 17, 2012 1:05
Kuwait's Global Investment House is expected to receive approval on Thursday to delay the repayment of bonds worth 95 million dinars ($338.6 million) to November from June, two sources familiar with the matter said.
June 5, 2012 5:24
Western sanctions have so far failed to deter Iran from pursuing its nuclear programme and their unexpected and unintended side-effects are producing a new collection of challenges.
March 24, 2012 3:58
Malaysia's second-richest man Ananda Krishnan plans to sell satellite operator MEASAT Global Bhd, Singapore's Straits Times newspaper reported, soon after initiating the sale of $3 billion worth of power assets that signal a move to cast off risky operations.
February 29, 2012 1:15