Hong Kong / AFP Asian stocks mostly slumped on Wednesday as sentiment was dragged down by a renewed drop in oil prices and a resurgent yen sucked the air out of the Japanese market. Crude weakened after Iran’s oil minister called a proposal by Saudi Arabia and Russia to freeze production “ridiculous”, as it seeks to boost output after years …

New York / AFP US stocks tumbled, with energy-related equities dropping on lower oil prices and large banks falling on worries over bad energy loans. The Dow Jones Industrial Average fell 188.88 points (1.14 percent) to 16,431.78. The broad-based S&P 500 fell 24.23 (1.25 percent) to 1,921.27, while the tech-rich Nasdaq Composite Index dropped 67.02 (1.47 percent) to 4,503.58. Oil …

AFP UK-based construction and support services company Interserve has reported positive results from its construction activities in the GCC region. “Volumes are up, margins are steady, and order book is growing,” says Adrian Ringrose, CEO, Interserve speaking at the company’s half year results briefing on 24 February. “We are busy in in the region,” says Ringrose. “In terms of manpower …