Business

WASHINGTON: US home sales rose more than expected in July, boosted by lower mortgage rates and a strong labour market,

SHANGHAI: German auto maker Daimler AG plans to build Mercedes Benz-branded heavy trucks in China by revamping truck plants owned

WASHINGTON: The International Monetary Fund warned against governments trying to weaken their currencies through monetary easing or market interventions, arguing

NEW YORK: Upscale US retailer Nordstrom Inc reported a better-than-expected quarterly profit as it said it had cut costs and

SAO PAULO: Nestle SA said it will invest 1 billion reais (about $250 million) in Brazil’s Sao Paulo state over

MEXICO CITY: Mexican tomato producers struck a last-minute agreement with the Trump administration to avert an anti-dumping investigation and end

LONDON: OPEC’s share of the global oil market has sunk to 30 per cent, the lowest in years, as a

SEATTLE: Boeing Co said it plans to add extra staff and hire “a few hundred” temporary employees at an airport

Sydney: Qantas on Thursday said it will run “ultra long-haul” test flights in the coming months from New York and

WASHINGTON: The US Federal Reserve will remain flexible and interest rates will not be on a “preset course” despite persistent

MUSCAT: The spectacular transformation of Al Khuwair’s Plot 190 led by premium real estate services provider — Tasmim has taken

MUSCAT, AUGUST 21 – Petroleum Development Oman (PDO) yesterday staged a Majlis stakeholder engagement session to raise awareness of the

WASHINGTON: President Donald Trump said on Tuesday his administration was considering potential tax cuts on wages as well as profits

HONG KONG/NEW YORK: China’s biggest e-commerce company Alibaba Group Holding Ltd has delayed its up to $15 billion listing in

NEW YORK: Refiner Philadelphia Energy Solutions PESC.N is laying off the majority of its unionized workforce on Tuesday and Wednesday,

NEW YORK: US-based Citigroup and French bank BNP Paribas are caught up in the US criminal case against the chief

LONDON: Brent crude oil futures rose above $60 a barrel on Wednesday after industry data showed a larger-than-expected drop in

MUSCAT, AUG 20 – Rex International Holding Limited, the majority shareholder in Masirah Oil Limited (MOL) — which has a