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Alstom sells euro 12.35 bn energy business to GE

Monday, 22 December 2014 16:01
New Delhi/Paris: French firm Alstom Monday said a majority of its stakeholders have approved the sale of its energy business to US-based General Electric (GE).In a regulatory filing to the National Stock Exchange, Alstom said 99.2 percent of the stakeholders…

Sensex closes flat; capital goods decline

Friday, 19 September 2014 19:50
Mumbai: A benchmark index of Indian equities markets closed flat in volatile trade Friday as capital goods, oil and gas and automobile stocks fell.Bearish sentiments took hold of the investors a day after the market gained 480.92 points or 1.81…

Sensex gains 114 points; IT stocks surge

Friday, 11 July 2014 12:56
Mumbai: A benchmark index of Indian equities markets Friday gained 114.10 points or 0.45 percent as IT stocks surged.Good buying was observed in IT, auto and capital goods sectors, while selling pressure was seen in metal sector.The 30-scrip Sensitive Index…

US household wealth grows steadily in Q4

Friday, 07 March 2014 13:08
Washington, March 7: American households accumulated their wealth at a faster pace in the last quarter of 2013 driven by returns in equity and real estate investment, a report has said.The US Federal Reserve said in a report Thursday the…

China's finance minister downplays GDP target

Thursday, 06 March 2014 11:02
Beijing, March 6: China's Finance Minister Lou Jiwei Thursday called for more comprehensive understanding of the country's growth target this year instead of merely fixating on the 7.5-percent figure.GDP growth, inflation and employment are all key factors that should be…

OPEC crude basket closes over a dollar lower

Wednesday, 05 March 2014 17:21
Vienna, March 5: The basket of 12 crude oils of the Organisation of Petroleum Exporting Countries (OPEC) stood at $106.30 a barrel Tuesday, compared to $107.80 Monday, according to the OPEC Secretariat.The new OPEC reference basket comprises Saharan Blend (Algeria),…

OPEC crude basket closes higher

Tuesday, 04 March 2014 19:17
Vienna, March 4: The basket of 12 crude oils of the Organisation of Petroleum Exporting Countries (OPEC) stood at $107.80 a barrel Monday, compared to $105.92 last Friday, according to the OPEC Secretariat.The new OPEC reference basket comprises Saharan Blend…

IFC explores energy, infrastructure projects in Egypt

Tuesday, 04 March 2014 15:23
Cairo, March 4: The International Finance Corporation (IFC), a member of the World Bank Group, is exploring alternative energy and infrastructure projects in Egypt.According to IFC's regional vice president, the company is keen on having a partnership with the Egyptian…

OPEC crude basket closes a little lower

Tuesday, 04 March 2014 14:30
Vienna, March 3: The basket of 12 crude oils of the Organisation of Petroleum Exporting Countries (OPEC) stood at $105.92 a barrel Friday, compared to $106.19 last Thursday, according to the OPEC Secretariat.The new OPEC reference basket comprises Saharan Blend…

Etihad Aviation Group unveiled

Tuesday, 04 March 2014 14:17
Abu Dhabi, March 3: Etihad Airways, the national airline of the United Arab Emirates (UAE), Monday announced the next step in its long-term business strategy, with the creation of the Etihad Aviation Group, a new structure marking its transition from…