Global truck maker Volvo has registered a surprise rise in core quarterly profit as deep cost cuts more than made up for lacklustre demand in some major markets.
United Arab Shipping Company (UASC) is on a major expansion drive, investing more than $2 billion in bigger ships and forming alliances with peers to boost efficiencies and ride out tough markets.
Germany's BASF SE, the world's largest chemicals company by sales, cut its earnings forecasts and its projections for the broader market yesterday, becoming the latest industrial group to fall victim to weak demand in its main European market.
Ways to boost Bahrain's trade ties with China were discussed at a key meeting in the kingdom yesterday (October 24), a report said.
Brent oil prices fell on Friday but were little changed on the week as traders caught their breath from a months-long rout, even as signs of rising global supply and a US contango structure threatened deeper losses.
A bride walks though Grand Central Terminal in New York October on 24. Reuters/Carlo Allegri
Kuwait's central bank aims to cut the bad loan ratio among Kuwaiti commercial banks to below 3 per cent of total loans by the end of this year from 3.2 per cent at present, central bank governor Mohammad al-Hashel said.