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China quarterly growth at 7-year-low
19 Oct 2016 4:18 AM ISTChina’s growth slipped to a seven-year low of 6.6 per cent in the third quarter, according to a survey, despite ample stimulus and a red-hot property...
Iran to invite foreign firms to bid on oil and gas
18 Oct 2016 4:27 AM ISTIran will invite foreign companies to bid for oil and gas projects for the first time since last year's landmark nuclear deal with world powers, the...
Egypt seeks alternatives after Saudi halts fuel deliveries
12 Oct 2016 5:59 AM ISTEgypt has invited tenders to meet its refined oil products needs for October after Saudi Aramco halted the expected delivery of 700,000 tonnes for...
Oil glut to last until mid-2017 unless OPEC cuts output: IEA
12 Oct 2016 5:58 AM ISTA massive oil glut may weigh on world markets deep into next year unless the OPEC producer cartel makes good on its promise to cut output, the...
Samsung shares slump on scrapped Note 7 as London hits highs
12 Oct 2016 5:50 AM ISTSamsung Electronics scrapped production of its doomed Note 7 smartphone on Tuesday, sparking a fresh collapse in its share price, while Britain’s...
Apple, Samsung patent battle in US Supreme Court
12 Oct 2016 5:49 AM ISTThe epic legal battle pitting Apple against its bitter rival Samsung over the design of the iPhone reaches a new level on Tuesday when it heads to the...
Russia ready to join measures to limit oil production: Putin
12 Oct 2016 3:45 AM ISTPresident Vladimir Putin on Monday said that non-OPEC member Russia was ready to join measures to limit oil production, saying that this was the only...
Samsung suspends Note 7 production, says report
12 Oct 2016 3:19 AM ISTSamsung Electronics has suspended production of its Galaxy Note 7 smartphone, a report said on Monday, a month after a recall prompted by battery...
Facebook launches smartphone app for event seekers
10 Oct 2016 1:06 AM ISTFacebook has released a mobile app for finding local happenings to enjoy with friends. The Events app tailored for iPhones hit Apple’s online shop,...
10 hedge funds pull money out of Deutsche Bank; scrip slides 7%
3 Oct 2016 2:44 AM ISTDeutsche Bank shares sank seven per cent after news that a number of hedge funds had pulled money out of the German giant amid worries over its...
Hyundai car workers start first full strike in 12 years
27 Sept 2016 6:24 AM ISTTens of thousands of unionised workers at South Korea's Hyundai Motor staged their first full strike on Monday for more than a decade after...
Global oil glut set to last at least until mid-2017, forecasts IEA
15 Sept 2016 3:46 AM ISTThe IEA said demand growth was slowing while supply was rising, meaning the glut was now due to linger "at least through the first half of next...