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 Staff reporter MUSCAT Savannah Resources has raised around $2.78 million through an oversubscribed placing with a further $1.24 million pledged by its largest shareholder. The funds raised...

BENGALURU Goldman Sachs expects global crude oil inventories to keep falling due to production cuts and strong growth in demand, although stocks are likely to...

WASHINGTON/ HONG KONG Oil giant Saudi Aramco has asked JPMorgan Chase and Morgan Stanley to assist with its upcoming mammoth IPO and could call on...

GENEVA A World Trade Organisation agreement to cut red tape and streamline border checks came into force on Wednesday, with expectations of a 0.5 per...

RIYADH Saudi petrochemical giant Sabic’s net profits fell almost 5 per cent last year, in part due to lower sales prices, the firm announced...

MUMBAI A proposal by India’s central bank to set up new private or state companies that would buy up bad debt from lenders was met...

Something is not quite adding up in China’s iron and steel markets, with the reasons for the current rally in prices for both commodities...

MUMBAI Shares of Reliance Industries rose as much as 7.7 per cent to a more than seven-and-a-half-year high, as investors welcomed plans by the company’s...

SINGAPORE Oil traders from around the world, including the US, Britain and Brazil, have tripled their sales to Asia as they take advantage of an...

PARIS European airplane maker Airbus said Wednesday that its profits nosedived last year as charges related to problems with its A400M military cargo transport plane...