Business / World Business

Merkel says Volkswagen must act in transparent manner 31 Oct 2015 - 05:56 pm

BERLIN: The "Made in Germany" brand has not been damaged by the Volkswagen scandal, but the carmaker needs to deal with the matter...

Greek banks face 14.4-bn-euro capital shortfall, says ECB 31 Oct 2015 - 01:10 pm

The European Central Bank on Saturday said four major Greek banks would have a capital shortfall of up to 14.4 billion euros ($15.8...

ECB will do what is needed to keep inflation target on track: Draghi 31 Oct 2015 - 11:13 am

Head of the European Central Bank Mario Draghi Milan: The European Central Bank (ECB) is ready to do whatever it takes to keep...

Bulgaria eyes 2.1% growth in 2016 budget 31 Oct 2015 - 09:19 am

Bulgarian government unveiled its 2016 budget, while also revising its 2015 deficit target of the previous budget. Sofia: The Bulgarian government unveiled Friday...

Oil groups slash costs, but investors spared 31 Oct 2015 - 12:00 am

Paris: Oil titans are slashing costs and investments as a plunge in oil prices batters profits but there is still one area they...

Oil prices rise as US production dips 31 Oct 2015 - 12:00 am

New York: Oil prices in New York rose for the third straight session Friday as US data showed a drop in oil output...

LG mobile business sinks into the red in Q3 30 Oct 2015 - 12:00 am

Seoul: LG Electronics' mobile business dived into the red for the first time in 18 months during the third quarter, pulling down overall...

Sony, Panasonic post big profits as turnaround plans take hold 30 Oct 2015 - 12:00 am

People testing the new Playstation TV consoles. Tokyo: Two of Japan's biggest electronics giants booked soaring profits Thursday in a sign that efforts...

Shell suffers vast Q3 loss after scrapping projects 29 Oct 2015 - 05:10 pm

London: Shell dived into a $7.4-billion third-quarter net loss on huge write-downs after scrapping costly projects in Alaska and Canada, and on falling...

NY Times swings to profit as online subscriptions rise 29 Oct 2015 - 04:41 pm

New York: The New York Times Co. swung to profit in the third quarter as it boosted digital subscribers and kept a lid...

Sony, Panasonic post big profits as turnaround plans take hold 29 Oct 2015 - 11:37 am

Sony CFO Kenichiro Yoshida speaks at a press conference to announce the company's first half financial results in Tokyo. AFP Tokyo: Two of...

Santander posts profit rise even as Brazil dwindles 29 Oct 2015 - 10:23 am

MADRID: Santander (SAN.MC), the euro zone's biggest bank, posted a near 5 percent rise in net profit in the third quarter from a...

Sony swings to big first-half profit on videogames, weak yen 29 Oct 2015 - 09:50 am

Tokyo: Sony on Thursday posted a six-month net profit of almost $1.0 billion, crediting its PlayStation videogame unit and a weak yen for...

China signs deal for 100 Airbus A320s: manufacturer 29 Oct 2015 - 09:20 am

Beijing: China signed a contract to buy 100 A320 aircraft from European manufacturer Airbus on Thursday, a spokesman for the firm told AFP,...

Dollar up on Fed's rate hint, yen boosted by Japan data 29 Oct 2015 - 09:13 am

The Federal Reserve headquarters in Washington, D.C. Tokyo: The dollar rallied Thursday on the Federal Reserve's upbeat outlook for the US economy and...

Deutsche Bank to suspend dividends for two years 29 Oct 2015 - 09:11 am

Frankfurt: Germany's Deutsche Bank said Wednesday it will not pay dividends in 2015 and 2016 as it seeks to cut costs as part...

Samsung Electronics snaps losing streak with Q3 profit surge 29 Oct 2015 - 08:42 am

Seoul: Favourable exchange rates and a renewed focus on components saw South Korea's Samsung Electronics pull out of an extended earnings dive Thursday,...

US House passes two-year budget deal that averts default 29 Oct 2015 - 08:39 am

US Speaker of the House John Boehner. Washington: The US House of Representatives on Wednesday passed a bipartisan, two-year budget deal that boosts...