Economy

Beijing: China said on Monday the value of its currency is driven by market forces and that it has no intention to devalue the yuan to help exports, after...

Muscat: The Central Bank of Oman (CBO), in its endeavour to continuously enhance the payment infrastructure in the country, has announced the launch of...

Dubai: Saudi Aramco aims to buy a controlling stake in petrochemical maker SABIC, possibly taking the entire 70 per cent stake owned by Saudi Arabia's...

Milan: New Fiat Chrysler boss Mike Manley faces the task of executing his predecessor's plan to boost production of SUVs and catch up on electric cars...

Mexico City: Mexican President-elect Andres Manuel Lopez Obrador sent US President Donald Trump a letter urging a swift end to NAFTA negotiations and...

Buenos Aires: Global finance leaders called on Sunday for stepped-up dialogue to prevent trade and geopolitical tensions from hurting growth, but ended a...

Colombo: Chinese President Xi Jinping has offered Sri Lanka a fresh grant of 2 billion yuan ($295 million), as Beijing looks to expand its influence in the...

Buenos Aires: The United States sought to woo Europe and Japan with free trade deals on Saturday to gain leverage in an escalating tariff war with China but...

Dakar: China's President Xi Jinping pledged during a visit to Senegal on Saturday to strengthen economic ties with Africa, a continent already awash...

Buenos Aires: The International Monetary Fund (IMF) warned world economic leaders on Saturday that a recent wave of trade tariffs would significantly harm...