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Business 19 Sep 2016 | 5:05 PM

Oil advances on unrest, hopes for output deal

LONDON: World oil prices rebounded Monday on supply concerns in Libya and Nigeria, and after Opec member Venezuela indicated a deal to limit output was close.

Economy 17 Feb 2016 | 4:36 AM

EU battered by storm of crises

BRUSSELS: The European Union is being battered by a perfect storm of crises that threaten to rip apart the peaceful and prosperous 28-nation bloc that rose from the ashes of World War II. It is grappling not only with the threat of a British exit, or “Brexit,“ but also with an unprecedented migrant influx, continued fallout from the debt crisis and an array of security threats, both domestic and foreign.

Commodities 02 Jul 2014 | 10:23 AM

Gold near 3-month high on fund flows, platinum holds gain

SINGAPORE: Gold was trading close to a three-month peak on Wednesday, boosted by a second straight day of inflows into the top bullion-backed fund, while platinum held sharp overnight gains to trade at a near 10-month high on supply worries.

Business 12 Nov 2012 | 12:00 AM

Feuding politicians take Nepal to brink of ruin

KATHMANDU: Apart from a small bust of Chairman Mao beside his armchair, Nepali Prime Minister Baburam Bhattarai flaunts no trappings of his revolutionary past: these days he talks of foreign investment, infrastructure projects and double-digit growth.