Business

Toyota India output halves amid strike 06 Apr 2014 - 06:45 am

BANGALORE: Japan’s Toyota said production at its two Indian plants has fallen by half as many of its unionised workers remain off the...

Jordan will get $264m IMF loan 06 Apr 2014 - 06:44 am

Amman: The IMF said it had reached an agreement with Jordan to disburse $264m that represent the third and fourth review under the...

Asean discusses economic risks 06 Apr 2014 - 06:44 am

NAYPYIDAW: Southeast Asian finance ministers are “vigilant” in the face of economic risks such as reduced US monetary stimulus, Myanmar said yesterday at...

Qatar property transaction value up 35.2pc 06 Apr 2014 - 05:08 am

DOHA: Qatar’s property transaction value recorded a huge jump in the first quarter of 2014 recording a high 35.2 percent to QR11.9bn compared...

Datsun on-DO unveiled in Moscow 05 Apr 2014 - 01:02 am

A new Datsun on-DO car is displayed during its Russian presentation in Moscow yesterday.

Trade union protest 05 Apr 2014 - 01:01 am

Demonstrators being hit by water cannon during a European trade union protest against austerity measures in central Brussels yesterday.

Boss’ approval 05 Apr 2014 - 01:00 am

Volkswagen (VW) CEO Martin Winterkorn and federal state Lower Saxony’s premier Stephan Weil (left) stand next to an engine block in the foundry...

Impressive debut 05 Apr 2014 - 01:00 am

Chief Executive Officer of GrubHub, Matt Maloney (left), takes part in an interview after the company’s IPO on the floor of the New...

Lira edges up despite Erdogan remarks 05 Apr 2014 - 12:52 am

ISTANBUL: Turkey’s lira rose yesterday as US jobs data boosted demand for emerging market assets, helping the lira regain ground lost earlier when...

Asian gas firms pairing up for purchases 05 Apr 2014 - 12:52 am

SEOUL: Asian gas and power companies are starting to pair up for joint purchases of LNG after more ambitious efforts to form a...

Delta, Etihad under scrutiny as EU probes foreign holdings 05 Apr 2014 - 12:51 am

FRANKFURT/ATHENS: The European Commission is examining several foreign holdings in European airlines, including Delta Air Lines’ stake in Britain’s Virgin and Etihad’s stake...

Huge local retail buying interest spurs green rush at QE index 05 Apr 2014 - 12:51 am

DOHA: Spurred by huge buying interests from local retail investors, Qatar Exchange Index continued its ‘green rush’ for the third straight week lifting...

Funds can also be too big to fail, says BoE’s Haldane 05 Apr 2014 - 12:50 am

LONDON: A top Bank of England official put the world’s $87 trillion asset-management industry on alert yesterday, saying it posed some of the...

Oil rises toward $107 on Libya, US jobs data 05 Apr 2014 - 12:50 am

LONDON: Brent crude oil rose towards $107 a barrel yesterday as investors cast doubt on reports Libya’s oil ports were about to reopen,...

India seeks to avert summons for Samsung boss 05 Apr 2014 - 12:48 am

NEW DELHI: India’s government is scrambling to prevent the boss of South Korea’s Samsung Electronics from being forced to appear in an Indian...

Stiff resistance to oil drilling plans in Ibiza 05 Apr 2014 - 12:41 am

MADRID: Plans to drill for oil off the Spanish holiday island of Ibiza have met with fierce opposition from locals who fear the...

Biocon rejects Novartis patent accusations 05 Apr 2014 - 12:41 am

NEW DELHI: Leading Indian drug company Biocon yesterday rejected allegations by Novartis that it infringed on the Swiss pharmaceutical giant’s patent for its...

Matomy’s London listing fails 05 Apr 2014 - 12:41 am

JERUSALEM: Plans by Israel’s Matomy Media Group to list on the London Stock Exchange failed when it could not raise enough money from...