 | QNB increases stake in
Mansour Bank to 51% QATAR National Bank (QNB) is
increasing its stake in Iraq´s
Mansour Bank to 51 percent from
23 percent as it seeks further opportunities
to expand in the region, the
lender said on Monday.
QNB Group will increase its representation
on...
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| | Rupee falls 52 paise
against dollar on
capital inflow woes |  THE Indian rupee posted its
sharpest single session fall in
nearly a month on Monday hit
by deepening worries over
capital inflows, and keeping
traders on guard for possible
intervention from the Reserve
Bank of India (RBI).
The near-term outlook for
the rupee remains weak.
Concerns over growth and a
lack of clarity about further
interest rate cuts are being
compounded by fears about
foreign selling on the back of a
controversial set of proposed
tax rules.
Those fears got fresh fuel
after Macquarie´s Asia hedge
fund exited its short positions
in Indian single stock futures
because of the uncertainty
behind the proposed rules.
The news also hit domestic
... | | | Oil traders may face
new purchase rules |  OIL traders buying from
national oil firms could face
new disclosure rules within a
year as part of an effort led
by the Extractive Industries
Transparency Initiative
(EITI), the group told
Reuters on Monday.
The EITI, which has
already implemented similar
measures in oil producers
Iraq and Norway, said that
the rules would apply to all
companies trading with EITI
signatories.
This would include Swissbased
traders Vitol and
Glencore as well as UKbased
traders such as BP
even though their host states
are not currently implementing
the EITI.
"The EITI is discussing a
number of things and one is
the extent to which trading
should be covered. This is an
area that... | | | China, Germany may double
bilateral trade in three years |
 CHINA and Germany, the
world´s two biggest
exporters, can nearly double
their bilateral trade in the
next three years, but must
also improve their market
access and combat protectionism,
Chinese Premier
Wen Jiabao said on Monday.
Speaking at a German-
Chinese economic forum in
the city of Hannover, Wen
also pledged that Beijing
would protect intellectual
property rights - a key concern
for German and other
Western investors in China -
and the voluntary principle
of technological transfers.
"We want to reach a volume
of trade in 2015 of $280
billion," said Wen, in
Germany for the biannual
Hannover industrial fair,
where about 500 Chinese
firms ... | |
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