FE Today Logo
Search date: 07-07-2014 Return to current date: Click here

REHAB seeks long-term loan for sector\\\'s expansion

The country's realtors seek long- term loan from the commercial banks for the expansion of the real estate sector. They placed the demand to commerce minister Tofail Ahmed at a meeting at the latter's secretariat office on Sunday to resolve problems of the real estate industry. A 12- member REHAB...

Read more

BNP Paribas fine shows dollar\\\'s key role in global markets

PARIS, July 6 (AFP) :  As the world's reserve currency, the dollar gives Washington a powerful influence over global financial markets -- a point underlined again this week when a record fine was levelled against France's leading bank. French banking giant BNP Paribas has agreed to pay $8.9 billion (6.5...

Read more

RIL, BP & Niko Resources slap arbitration notice for gas price hike

NEW DELHI, July 6 (PTI): Reliance Industries and its partners BP plc of UK and Canada's Niko Resources have slapped an arbitration notice on the government seeking implementation of a delayed gas-price rise. The trio had on May 9 issued a "pre-arbitration notice" saying failure to implement the increase from...

Read more

Foreign investors turn eyes to US oil patch

WILLISTON, ND, July 6 (Reuters) : Foreign investors more familiar with projects in the emerging markets of Eastern Europe and tropical escapes of Southeast Asia are finding a new destination for their dollars and francs: Western North Dakota's oil patch that's home to booming towns, low unemployment rates and high...

Read more

Norway union to ask oil services workers to vote on wage offer

OSLO, July 6 (Reuters) : Norwegian labour union Industri Energi will ballot its members over a wage deal it reached early on Sunday with oil services companies, following state-mediated talks to avoid a strike, the negotiating parties said. "A little over 4 am (0200 GMT), the parties came to an...

Read more

Palladium prices hit 13-year highs as demand increases

LONDON, July 6( Reuters): Palladium prices hit 13-year highs on Friday, driven by expectations that South African supply will remain constrained after a lengthy strike and that demand from Chinese and US carmakers will improve. Spot palladium hit a high of $865 an ounce, its highest since February 2001, and...

Read more

Photo: JUANJUÍ, Peru : Different varieties of cocoa are collected and studied

Read more