• US 4th quarter growth stronger than thought

    WASHINGTON — US economic growth in the fourth quarter was stronger than originally thought at 0.4 percent, the Department of Commerce said Thursday in its final revision of the initial estimate.

    The previous estimate had the economy basically …

  • IMF still trusts Lagarde despite French probe

    WASHINGTON — The IMF said Thursday said it remains confident in Managing Director Christine Lagarde despite a French probe into her handling of a high-profile scandal when she was a government minister.

    "It would not be appropriate to comment …

  • South Korea cuts growth forecast, plans new stimulus

    SEOUL — South Korea’s government cuts its forecast for growth in Asia’s fourth-largest economy this year as exports stumble due to muted global demand and a weaker yen.

    The finance ministry said Thursday that South Korea’s economy will …

  • Bahrain’s BNH eyes stake in top Mideast insurance firm

    MANAMA — Bahrain National Holding (BNH), the parent company of Bahrain National Insurance and Bahrain National Life Assurance, is eyeing a stake in a major regional insurance company, the Trade Arabia News Service said on Thursday.

    It did …

  • German power firm to expand in Brazil

    FRANKFURT — E.ON, Germany’s biggest power supplier, said Thursday it will increase its stake in Brazilian electricity producer MPX to just over 36 percent.

    E.ON — which already acquired an 11.7-percent stake in MPX, a unit of EBX, …

  • Kuwait is a ‘potential’ huge market for Pakistan: Official

    LAHORE —The Lahore Chamber of Commerce and Industry has called for a new way to increase Pakistan’s export to Kuwait, the Dawn newspaper said on Thursday.

    The chamber’s president, Farooq Iftikhar, made the suggestion during a conversation with …

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