Business

Europe gas supply at risk as Gazprom warns Ukraine on pending bills 08 Mar 2014 - 01:09 am

MOSCOW: Gazprom issued a thinly veiled warning yesterday that it could stop shipping gas to Ukraine over unpaid bills, increasing pressure on the...

Industrial production picks up in Germany 08 Mar 2014 - 01:08 am

FRANKFURT: Spring appears to be arriving early for the German economy as industrial production picked up speed in January, official data showed yesterday. ...

Tokyo investors eye more central bank easing next week 08 Mar 2014 - 01:08 am

TOKYO: Tokyo investors will be keeping a close eye on next week’s Bank of Japan (BoJ) policy meeting for further monetary easing measures,...

EM economies face carry trade pay-back woes 08 Mar 2014 - 01:08 am

LONDON: Emerging economies may be on the cusp of a great unwinding of borrow-low invest-high carry trades, through which an estimated $2 trillion...

French steel firm Ascometal goes into administration 08 Mar 2014 - 01:07 am

PARIS: French steel maker Ascometal went into administration yesterday, putting at risk up to 2,000 jobs in a fresh headache for the Socialist...

Bharti links with Carrefour in new retail tie-up 08 Mar 2014 - 01:07 am

NEW DELHI: Indian mobile giant Bharti said yesterday it was scouting for a new partner to replace Walmart in a retail joint venture...

Canada posts small trade deficit in January 08 Mar 2014 - 01:07 am

OTTAWA: Canada’s trade swung into virtual balance in January with a deficit of only Can$177m, compared to a C$922m deficit the previous month,...

QE index rebounds, adds 260.45 points 07 Mar 2014 - 12:40 am

Doha: Qatar’s stock market bounced back yesterday after the Qatari government pledging its commitment to regional security policies and saying it would not...

ECB keeps main rate at record low 07 Mar 2014 - 12:37 am

ECB President Mario Draghi (centre) at the monthly ECB news conference in Frankfurt. The euro jumped against the dollar yesterday to its highest...

Celebrating bonus 07 Mar 2014 - 12:36 am

Employees of the John Lewis Partnership with a card showing their annual results linked bonus at their flagship store in central London yesterday....

No squeeze on Orange 07 Mar 2014 - 12:35 am

French telecom operator Orange Chief Executive Stephane Richard (left) and Chief Financial Operator Gervais Pellissier at the company’s annual results presentation in Paris...

GDI doubles assets in three years 07 Mar 2014 - 12:34 am

Doha: Gulf Drilling International (GDI), a subsidiary of Qatar’s largest service group Gulf International Services, has doubled its operations from nine to 18...

US jobless claims tumble to three-month low 07 Mar 2014 - 12:34 am

WASHINGTON: The number of Americans filing new claims for unemployment benefits fell more than expected and hit a three-month low last week, a...

Abu Dhabi signs $1bn loan pact with Serbia 07 Mar 2014 - 12:33 am

ABU DHABI: Serbia has signed an agreement for a $1bn loan from Abu Dhabi, the emirate’s Department of Finance said yesterday, boosting the...

‘Apple moved billions offshore from Australia to avoid tax’ 07 Mar 2014 - 12:33 am

SYDNEY: US tech giant Apple was yesterday accused of shifting nearly Aus$9bn ($8.1bn) in untaxed profits from its Australian operations to Ireland over...

IFC, Goldman Sachs launch fund for female entrepreneurs 07 Mar 2014 - 12:32 am

WASHINGTON: The World Bank’s private finance arm and Goldman Sachs teamed up to launch a $600m fund to increase access to capital for...

Malaysia plans to set up Islamic pension fund 07 Mar 2014 - 12:31 am

KUALA LUMPUR: Malaysia’s $160bn state pension fund has hired consultants to study the possibility of establishing one of the world’s first state-backed pension...

S Korea to pay $550m for Iran oil under deal 07 Mar 2014 - 12:31 am

SEOUL: South Korea will transfer $550m to Iran in its first back oil payment under an interim nuclear deal that eases sanctions on...