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Business: Page 5

Iran and India to target $30bn trade exchange
Iran and IndiaAugust 15, 2019 ET
Iran\'s Consul General in India\'s Hyderabad Mohammad Haqbin-Qomi said on Wednesday that Tehran and New Delhi have targeted 30-billion-dollar worth of trade exchange in light of the great capacities of the two countries for economic cooperation.
Iran signs $10m deal to export pharmaceuticals to Nicaragua
Iran and NicaraguaAugust 14, 2019 ET
Iran is ready to export pharmaceuticals to Nicaragua and share its professional expertise in medicine production and maintenance with the Central American nation, said a senior Iranian medical official on Tuesday after signing an agreement on medical cooperation.
Uzbekistan to refund tourism operators in bid to boost foreign visitors
Uzbekistan tourismAugust 14, 2019 ET
Uzbekistan will partly compensate the expenses of tour operators and charter flight organizers using fund from the state budget if they bring in foreign tourists, a presidential decree issued on Tuesday said.
More than a third of investors in U.S. expect recession in 12 months
Bank of America Merrill LynchAugust 13, 2019 ET
Recessions fears have reached their highest levels in eight years as investors shift away from equities to bonds, according to the latest Bank of America Merrill Lynch survey of fund managers.
Last pipe for Nord Stream 2 leaves port of Karlshamn in Sweden
Port of KarlshamnAugust 13, 2019 ET
The last Nord Stream 2 pipe stored within the premises of the port of Karlshamn left the storage area earlier this month.
Trade war could lead U.S. into recession
Port containersAugust 13, 2019 ET
The trade war with China has a greater than expected effect on the U.S. economy, increasing the risk of a recession, Goldman Sachs warned on Monday.
UK retailers call for business rates freeze
UK retailAugust 13, 2019 ET
More than 50 British retailers, including Sainsbury\'s, Marks and Spencer, Asda and Morrisons have urged the government to freeze business rates to help out the struggling sector.
Strait of Hormuz is now Temporary Extended Risk Zone, good news for sailors
Strait of HormuzAugust 13, 2019 ET
Following the incidents in the Gulf of Oman, and specifically the Strait of Hormuz, over the past 12 weeks, the International Bargaining Forum (IBF) this morning designated the Straits as a Temporary Extended Risk Zone.
Venezuela secures new Chinese oil investment
BarcelonaAugust 13, 2019 ET
The Venezuelan government has announced the expansion of Chinese investment in the country’s oil industry, with the aim of increasing production by 120,000 barrels per day.
$400 billion investment needed in Australian infrastructure
Australia roadAugust 13, 2019 ET
Australia must spend hundreds of billions of dollars on infrastructure to cope with population growth over the next 15 years, a government report warned.
IMF urges China and U.S. to resolve tensions through trade deal
International Monetary FundAugust 12, 2019 ET
The International Monetary Fund urged China and the United States to resolve tensions through a comprehensive agreement that avoids undermining the international system.
North American oil companies reducing upstream activity abroad
Oil fieldAugust 12, 2019 ET
Rystad Energy data reveals that from 2014 to 2018, companies in Asia which experienced a merger and acquisition showed the most significant growth globally, increasing oil and gas production by about 1.4 million boepd by investing heavily in Asia, Russia and the Middle East.
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