Business / World Business

Samsung SDI to sell 5 million Samsung C&T shares after ruling 27 Dec 2015 - 09:04 am

By Se Young Lee SEOUL: South Korean conglomerate Samsung Group said on Sunday its battery-making arm Samsung SDI Co Ltd will sell $622...

Dreaming of energy security, India pumps desert oil 27 Dec 2015 - 08:39 am

Barmer, India: The deserts of Rajasthan may be the showcase for India's solar revolution but the oil explorer that struck gold beneath the...

Global miners steel for worse after torrid year 27 Dec 2015 - 08:37 am

Sydney: Global miners are battling to stay afloat after enduring one of the toughest years in recent times, with tumbling commodity prices and...

Retailer John Lewis sees 10.7 percent rise in Christmas Day website orders 26 Dec 2015 - 05:10 pm

LONDON: Britain's biggest department store chain, John Lewis, said on Saturday it had seen a 10.7 percent year-on-year increase in clearance online orders...

Russian Gas company to invest $5 billion in 2016 26 Dec 2015 - 03:05 pm

Moscow: Gazprom Neft, the oil industry arm of the Russian natural gas giant OAO Gazprom, said today it plans to invest $5 billion...

Vietnam economy grows at highest rate in five years 26 Dec 2015 - 08:45 am

File pic for representation only Hanoi: Vietnam's economy in 2015 grew at its fastest pace in five years, official figures showed Saturday, shaking...

Toys'R'Us to shut flagship Times Square store 25 Dec 2015 - 12:00 am

A man shops for toys at the Toys R Us store at Times Square in New York. (Reuters) New York: New York City...

Gold edges up after 2-day drop on weaker dollar, steadier oil 24 Dec 2015 - 06:11 pm

An employee arranges gold jewellery in the counter as her arm is reflected in the mirror at a gold shop in Wuhan, Hubei...

Mitsubishi Heavy postpones delivery of first made-in-Japan jet 24 Dec 2015 - 12:02 pm

Guests look at a Mitsubishi Regional Jet (MRJ) during a ceremony at the Nagoya airport in Komaki, Aichi prefecture in this October 18,...

World bank grants additional $22 million for Palestinian authority 24 Dec 2015 - 10:30 am

Washington: The World Bank has transferred an amount of about US$22 million to the Palestinian Authority from the Palestinian Reform and Development Plan...

PM Abe's cabinet approves largest defence budget 24 Dec 2015 - 09:01 am

Tokyo: Prime Minister Shinzo Abe's cabinet on Thursday approved Japan's biggest ever annual defence budget, as the country bolsters its military amid territorial...

SPECIAL REPORT: Money-go-round fuels buybacks, leaves workers sidelined 24 Dec 2015 - 12:00 am

The headquarters of John Deere manufacturing is seen in Moline, Illinois, in this March 30, 2011 file photo. Reuters/Eric Thayer/Files By Karen Brettell...

US consumer spending and incomes up in November 23 Dec 2015 - 06:23 pm

WASHINGTON: U.S. consumer spending rebounded in November after a weak showing in October, while a key inflation gauge posted the fastest year-over-year increase...

French November consumer spending dives but resists attacks impact 23 Dec 2015 - 12:25 pm

PARIS: French consumer spending fell the most in nearly two years in November as unseasonably warm weather held back energy and clothing purchases,...

Refugee influx gives extra push to German construction boom 23 Dec 2015 - 11:36 am

Employees build a prefabricated house for refugees in Neukirch near Lindau, Germany, December 7, 2015. By Michael Nienaber NEUKIRCH, Germany: Near Germany's southern...