Corporate News

SAN DIEGO: Power companies in Southern California restored electricity to most customers by early Friday after a massive blackout on Thursday left nearly 5 milli

WASHINGTON: President Barack Obama, seeking to rescue the troubled US economy and his own prospects for re-election, embarks on an uphill battle on Friday to win

NEW DELHI: In a nation whose love for gold is legendary, financial adviser Biju Daniel is one of scores of Indians who are rethinking how they amass riches throu

TAIPEI: Fitch Ratings warned that it might downgrade China’s credit rating within two years as the country’s banks struggle with debt loads following a lendi

TOKYO: Apple is seeking to ban sales of some Samsung Electronics gadgets in Japan, accusing its rival of violating patents relating to the iPhone and iPad, the l

ABU DHABI: Kuwait has no plans to boost budget spending in the next fiscal year, nor does it expect budget cuts in the coming months, the country’s finance min

RIYADH: The Saudi British Bank (SABB) has published the results of the headline SABB HSBC Saudi Arabia Purchasing Managers' Index (PMI) for August 2011 - a

ABU DHABI: Egypt expects to reach loan agreements soon with Saudi Arabia and the United Arab Emirates worth several billions of dollars, while another $500 milli

RIYADH: The Saudi Money Expo and Conference 2011 will be held at Al-Faisaliyah Center, Riyadh, on Sept. 14 and 15. GAIN Capital, a global provider of online trad

DUBAI: Qatar’s bourse rose for a second day on Wednesday after the state announced salary and pension hikes of up to 120 percent for state and military staff,