Business Blog

Mumbai-based SBI Funds Management will launch an Islamic equity mutual fund next month to tap into India's large but underserved Muslim population, although the country still lags in developing sharia-compliant debt alternatives.

* Oil hits $70 a barrel as OPEC shuns cut* European shares buoyed by ECB bond-buying hopes* French 10-yr govt bond yield hits 1 percent for first time* Asian shares edge up, helped by stimulus around the worldBy Marc JonesLONDON, Nov 27 (Reuters) - Oil hit four-year lows around $70 a barrel on Thursday and commodity currencies were sent tumbling, as OPEC resisted the temptation to cut back product

* Oil prices near four-year low as OPEC output cut hopes fade* European shares buoyed by ECB bond-buying hopes* French 10-yr government bond yield hit 1 percent for first time* Asian shares edge up, helped by stimulus around the worldBy Marc JonesLONDON, Nov 27 (Reuters) - Fading expectations OPEC would cut production when it met on Thursday sent oil prices tumbling to a four-year low, while a ral

Bahrain's Gulf Finance House (GFH) plans to up its stake in Khaleeji Commercial Bank (KCB) to gain majority ownership, its chairman was quoted as saying by a television channel.

Bahrain's Gulf Finance House (GFH) plans to up its stake in Khaleeji Commercial Bank (KCB) to gain majority ownership, its chairman was quoted as saying by a television channel.

The International Finance Facility for Immunisation Co. (IFFI), for which the World Bank acts as treasury manager, has launched a USD 500 million debut Islamic bond issue, a document from the banks arranging the sale showed.