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Business
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Wednesday, 13 April, 2011
LONDON — BP’s planned $18 billion share swap and Arctic exploration agreement with Russia’s Rosneft was cast further into doubt yesterday after its chief backer Igor Sechin stood down as Rosneft chairman and sources said BP faced a new legal challenge.
Deputy Prime Minister Sechin resigned his posi
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Wednesday, 13 April, 2011
GENEVA — The World Trade Organization's chief triggered a race to rescue stalled global trade talks, setting a date for delivery of the crucial "texts" that could make or break the process by the end of April.
In a faxed message to WTO member country missions in Geneva, Director-General Pascal Lamy
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Wednesday, 13 April, 2011
DUBLIN — Allied Irish Banks aimed to put the "collective madness" of a homegrown property bubble behind it yesterday with a jaw-dropping annual loss of 10.4 billion euros and a plan to axe over 2,000 jobs.
A former stock market darling with international ambitions, AIB has been effectively nationa
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Wednesday, 13 April, 2011
SINGAPORE — Asian shares slid yesterday as Japanese stocks were hit by renewed concerns over the country’s nuclear crisis while a report from Goldman Sachs sent commodity prices lower, knocking the region’s resource stocks. The FTSE Asia Pacific index fell 1.4 per cent to 260.35, the most in a week,
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Wednesday, 13 April, 2011
SEATTLE — Microsoft Corp is making its strongest push yet into the steadily growing business software market in the hope that it can create another multibillion-dollar business.
The world's biggest software company, which still gets the majority of its sales from its Windows and Office franchises,
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Tuesday, 12 April, 2011
By A Staff Reporter -
MUSCAT — The Dubai Mercantile Exchange Limited (DME) yesterday released its review of the first quarter of 2011, a period which saw new records set and a major landmark achieved with a cumulative total of two billion barrels of oil traded through the exchange since its launch
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Tuesday, 12 April, 2011
By A Staff Reporter -
MUSCAT — BankMuscat organised a get-together at its headquarters for beneficiaries of an educational programme being carried out in association with Oman Charitable Organisation (OCO).
The event was attended by Ali bin Ibrahim al Raisi, Chief Executive of OCO, senior govern
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Tuesday, 12 April, 2011
MUSCAT — KPMG, a leading International firm offering Audit, Tax and Advisory services yesterday organised a breakfast seminar at InterContinental Muscat on ‘Indicators of Fraud’, the latest in a series of breakfast seminars KPMG has been holding.
This seminar is one of a series that fits with KPMG’
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Tuesday, 12 April, 2011
By A Staff Reporter -
MUSCAT — BankDhofar, ranked the best bank in Oman, has expanded its Automated Teller Machines (ATM’s) network with the opening of 3 new ATMs, offering customers further accessibility and convenience.
Customers can now access ATM facilities in the Jawharat A’Shatti Comple
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Tuesday, 12 April, 2011
SYDNEY — Major Australian energy producer Woodside Petroleum yesterday played down reports mining giant BHP Billiton was planning a $50 billion takeover, saying it could not hide any serious proposals.
For its part BHP, the world's biggest miner, said it was not aware of the basis of the heightened
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