Business

Muscat: Bank Nizwa, Oman’s first Islamic Bank, has announced the appointment of Khalid Al Kayed as its new chief executive officer. Al Kayed, in his new...

New York: Fannie Mae said it earned $5 billion in the fourth quarter, doubling its profits from a year earlier with a big boost from gains on derivatives...

Montreal: Air Canada dropped the most in seven months after the country’s largest airline said rising fuel costs would cause a key profit measure to fall...

New York: Bank of America Corp. awarded Chief Executive Officer Brian T. Moynihan $20 million for his work last year, raising his compensation 25 per...

Los Angeles: Viacom is in discussions with Paramount Pictures head Brad Grey about a change in leadership at the studio after a string of box-office duds,...

New York: Wells Fargo said retail customers opened 31 per cent fewer checking accounts in January than a year earlier in the wake of a settlement with...

Washington: T-Mobile US rose as much as 5.3 per cent on Friday following a report that SoftBank Group would be willing to give up control of Sprint if it...

New York: The demonetisation drive in India had a "significant impact" on PepsiCo's business in the country in the last quarter of 2016 and...

Berlin: Germany will do all it can to secure Opel plants and jobs in the country if Peugeot maker buys the General Motors (GM) business, Chancellor Angela...

Washington/Berlin: The International Monetary Fund (IMF) declined to comment on a media report on Friday that it was likely to contribute up to 5 billion...