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Iranian gas platform ‘sinks to bottom of Gulf’Iran's Pars Oil and Gas Company hopes to pull a $40 million gas platform support structure from the bottom of the Gulf after it sank in an installation attempt, Iran's Mehr news agency reported. The heavy metal support jac More… |
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Grohe unveils new kitchen upgradesGrohe, one of the world's leading manufacturers of sanitary fittings, has announced the launch of its innovative upgrades for hitech kitchens for the Middle East and Africa region. The company said the new Grohe Blue and Red units are More… |
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Russian oil drilling rig sinks, 49 missingAn oil drilling rig with 67 crew on board capsized and sank off the Russian Far East island of Sakhalin on Sunday when it ran into a storm while being towed, leaving 49 of the crew unaccounted for, the regional Emergencies Ministry said. F More… |
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Sony sinks into Q3 loss, Nintendo cuts outlookSony Corp fell into the red in the latest quarter and reiterated its forecast for a record annual loss due to sliding demand and a stronger yen, while rival Nintendo Company cut its full-year outlook for the second time in three months. Ni More… |
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Gulf stocks sink as Sabic Q4 sounds alarm bellsGulf stocks sank to multi-year lows on Tuesday as investors saw a dive in profit at Saudi Basic Industries Corp (Sabic) as a sign that the region was not as immune to the global downturn as they had thought. Petrochemicals giant Sabic beca More… |
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Asian stocks sink on worsening global economyAsian stocks fell to a 4-year low on Thursday on growing fears a global recession would depress corporate earnings, while the dollar rose to a 2-year high against the euro, underpinned by the unwinding of risky trades. Investors have mostl More… |
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Indian Rupee set to sink furtherThe Indian rupee is set to fall further from 13-month lows after soaring costs of oil imports boost demand for dollars, while capital outflows from the once red-hot stock market also weigh on the currency. The rupee fell beyond 42.60 per d More… |
