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Business 02 Jul 2018 | 12:00 AM

Petrobras likely to extend deadline in refineries sale

SAO PAULO: Brazil’s state-controlled oil company Petroleo Brasileiro may extend the deadline for potential bidders for a 60% stake in four refineries to sign non-disclosure agreements, a source said.

Economy 10 Mar 2018 | 11:47 AM Premium

Inside Trump’s trade war

From the administration’s early days, free-trade-advocate Gary Cohn battled tariff proponent Peter Navarro—while the president waited

Business 10 Nov 2012 | 12:00 AM

EU 2013 budget talks end in failure

BRUSSELS: Talks on the European Union's 2013 budget collapsed in acrimony on Friday, denting hopes of a swift deal later this month on the bigger issue of the bloc's long-term spending for 2014-2020.

Business 09 Feb 2012 | 12:00 AM

EU started 2012 in deficit

BERLIN: The European Union (EU) kicked off 2012 already 11 billion euros (US$14.6bil) in the red, its budget commissioner told a German newspaper.

Business 02 Aug 2011 | 12:00 AM

Conservatives warn 2012 field on US debt deal

EXETER, New Hampshire: Conservatives are warning of lasting political consequences as the Republican presidential field offers conflicting positions on the debt-ceiling compromise.

Business 30 Jun 2011 | 12:00 AM

EU proposes US$1.48 trillion budget for 2014-2020

BRUSSELS (AP) - The European Union on Wednesday proposed a budget worth €1.025 trillion (US$1.48 trillion) for the seven years between 2014 and 2020, up 5 percent from the previous budget period.