Archive of 23 July 2019

Finland’s UPM to invest $3 billion in Uruguay

Finnish pulp and paper maker UPM said on Tuesday it had decided to go ahead with plans to invest nearly $3 billion in the construction...

Ethio Telecom revenues rise 7pc to $1.26bn in 2018/9

ADDIS ABABA: State-owned Ethio Telecom, a potential candidate for privatisation, generated 36.3 billion Ethiopian birr ($1.26 billion) in revenue during the last financial year, a...

Nexus of all political parties for national interest to defeat enemies: Firdous

ISLAMABAD: Special Adviser to the Prime Minister on Information and Broadcasting Dr Firdous Ashiq Awan Tuesday said the nexus of all the political parties for...

US home sales tumble as prices surge to record high

WASHINGTON: U.S home sales fell more than expected in June as a persistent shortage of properties pushed prices to a record high, indicating the housing...

US may have brought down second Iranian drone last week: US general

WASHINGTON: A US Navy ship may have brought down a second Iranian drone in the Strait of Hormuz last week, the head of US Central...

Italy cancels two bond auctions in August

MILAN: Italy's treasury cancelled a medium and long-term bonds auction scheduled for Aug. 13, citing a large cash availability. The treasury also cancelled a BTP?I linker...

Bank of England’s Haldane ‘very cautious’ about cutting rates

SCUNTHORPE: Bank of England chief economist Andy Haldane sought to push back against market bets that the central bank's next move will be an interest...

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