• 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 …

  • Cypriots queue clamly as banks reopen under tight restrictions

    Women sit and wait as other people stand in line outside a branch of Laiki Bank in the southern port city of Limassol, Cyprus, Thursday. Banks in Cyprus reopened to customers for the first time in nearly two weeks, albeit …

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