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December 18, 2017 12:00 AM Potatoes being sold at 20paisa/kg in Indian state

AGRA: With farmers not turning up at cold storage facilities to take away their potato produce, and the produce beginning to rot, storage owners have started dumping the rotting tubers on roadsides and fields for stray cattle and the poor to feed on. A total of 2.5 lakh tonnes of the produce, which could not be sold, are being dumped across Agra district

December 16, 2017 12:00 AM Asian LNG spot prices jump after EU gas outages

LONDON: Asian liquefied natural gas (LNG) spot prices jumped this week in reaction to volatile price spikes on European gas markets and ongoing demand from the region´s major consumers. Spot prices for January delivery hit $10.50 per mmBtu, 40 cents above last week, with February prices seeing similar levels. In a tumultuous week, European gas prices

December 13, 2017 12:00 AM US Fed to open policy meeting

Washington: The US central bank is set to open its final two-day policy meeting of the year on Tuesday, and is likely to raise the benchmark interest rate despite the absence of inflation. It would be the third rate hike this year, and possibly the final time Federal Reserve Chair Janet Yellen presides over a policy move since President Donald Trump 1

December 7, 2017 12:00 AM Islamic banks post 44.26pc rise in Q3 gross earnings

Islamic banks post 44.26pc rise in Q3 gross earnings KARACHI: The Islamic banking industry posted a 44.26 percent increase in third quarter gross profit, the central bank’s data showed on Wednesday, mostly on the back of higher financing to various sectors of the economy. The total of 21 Islamic banking institutions of those five full-fledged Shariah-compliant 2

December 5, 2017 12:00 AM Infosys CEO faces twin tests

Infosys CEO faces twin tests MUMBAI: After well over a decade with Capgemini, Salil Parekh is returning home to head unsettled Indian software services firm Infosys, where he will seek to replicate his success in notching up record growth at the divisions he ran. Alongside, Parekh has to help the bellwether of India´s $154 billion software services sector 1

December 3, 2017 12:00 AM Intesa CEO warns of Bitcoin ‘bubble’

Intesa CEO warns of Bitcoin ‘bubble’ MILAN: The head of Italy’s top retail bank Intesa Sanpaolo joined a growing chorus of Bitcoin critics, calling the wild gyrations in the price of the cryptocurrency a speculative bubble and saying global regulatory scrutiny was essential. “There is no doubt it’s a speculative bubble, when a currency goes from $1,000 to $10,000 in the space 2

November 22, 2017 12:00 AM Citigroup sells upsized finance block

SINGAPORE: Citigroup has sold a block of 43.1m shares in L&T Finance Holdings for Rs7.8bn (US$120m) after pricing the upsized trade at the bottom of the Rs180.50–Rs188.05 range, a person with knowledge of the transaction said. Citigroup Global Markets Mauritius had originally planned to sell 39.2m shares, equal to a 2.15% stake, according to a term sheet 3

November 22, 2017 12:00 AM PFC team to visit UK

LAHORE: Pakistan Furniture Council (PFC) will participate in a three-day mega international event “Pakistan’s business delegation in the United Kingdom”, commencing from December 18 to introduce Pakistani handmade world-class furniture products to attract foreign investors and buyers, a statement said on Tuesday. PFC Chief Executive Mian Kashif Ashfaq 4

November 22, 2017 12:00 AM SoftBank funding may spur Uber to re-think tough Southeast Asian market

SINGAPORE: SoftBank Group´s multi-billion dollar investment in Uber Technologies Inc opens up the possibility of combining it with other ride-hailing assets the Japanese group owns in a consolidation of a rapidly growing business across Asia, industry sources say. Uber Technologies Inc said on Nov. 12 that a planned deal with a consortium led by SoftBank 2

October 30, 2017 5:43 PM The Sanford C. Bernstein Reiterates “€118.00” Price Target for Linde AG (LIN)

Linde AG (ETR:LIN) has been assigned a €118.00 ($129.67) price objective by investment analysts at Sanford C. Bernstein in a research report issued on Monday. The firm currently has a a “sell” rating on the stock. Several other brokerages also recently issued reports on LIN. Hauck & Aufhaeuser set a €156.00 ($171.43) price objective on Linde AG and gave the company 7