Economy

GENEVA, 22 October 2005 — WTO talks threatened to unravel yesterday as rich nations and developing countries warned they could block consensus at a key ministerial meeting in December and thereby

WASHINGTON, 21 October 2005 — A gauge of future US economic activity declined in September for the third month in a row, indicating slower growth for the rest of the year, the Conference Board said

LONDON, 21 October 2005 — The dollar came under pressure from the euro here yesterday but held firm on prospects for higher US interest rates.

RIYADH, 21 October 2005 — The board of directors of the Saudi Real Estate Co.

MAKUHARI, Japan, 21 October 2005 — Japanese researchers yesterday unveiled the world’s fastest electric sedan — an eight-wheeled prototype with a top speed of 370 kilometers per hour.

GYEONGJU, South Korea, 20 October 2005 — A top Organization of Petroleum Exporting Countries official said yesterday that OPEC was expected to increase its production capacity by 5.5 million barre

JEDDAH, 20 October 2005 — The combined third quarter profits of Saudi commercial banks rose by 57.38 percent to SR19.6 billion compared to last year’s results of SR12.48 billion for the same peri

RIYADH, 20 October 2005 — The Saudi British Bank (SABB) board of directors has decided to recommend an increase in its capital to SR3.75 billion and issue one bonus share for each two shares held.

MUMBAI, 20 October 2005 — The rupee fell to a fresh 11-month low yesterday as the firm dollar overseas sparked concerns that importers will buy the US currency and that foreign funds will continue

LONDON, 20 October 2005 — The dollar soared against the euro and the yen here yesterday but profit-taking and a stronger than expected report on industrial performance in the euro zone wiped out m