Relax and invest, Saudi prince tells investors after corruption crackdownRIYADH/DUBAI: Three months after Saudi Arabia detained scores of people in a crackdown on corruption, its rulers are trying to reassure investors that the kingdom remains open for business. Foreign an...
Restive bond markets may complicate ECB’s exit plansLONDON: The European Central Bank has its work cut out this year to make sure markets don't jump the gun on its policy normalization. Currency strength and a doubling of benchmark borrowing costs over...
Kazakhstan’s frozen billions sound alarm for sovereign fundsLONDON: When a Belgian court ordered a bank to freeze $22.6 billion (16.2 billion pounds) of assets held in trust for a Kazakhstan sovereign wealth fund (SWF), it set a worrying precedent for other SW...
HSBC more than doubles pre-tax profits to $17.2bn in 2017Banking giant HSBC more than doubled pre-tax profit to $17.2 billion in 2017, it announced Tuesday, after a recovery drive to streamline its business and slash costs. Adjusted pre-tax profit also rose...
German court could open way to ban diesel carsOne of Germany's top courts will decide Thursday whether some diesel vehicles can be banned from parts of cities like Stuttgart and Duesseldorf to reduce air pollution, a possible landmark judgement f...
UK manufacturers say they urgently need clarity on BrexitLONDON: British manufacturers urgently need clarity on whether the country will clinch a Brexit transition period to smooth its departure from the European Union, the head of a body representing the i...