Business

Vehicle sales in China jump 18pc 17 Mar 2014 - 05:09 am

Employees at a Chinese automobile factory in Hefei. Vehicle sales in China jumped 18 percent in February from a year earlier, China’s automobile...

16.36 million vehicles on GCC roads by 2017 17 Mar 2014 - 05:09 am

Dubai: Countries in the Gulf Cooperation Council are becoming increasingly attractive markets for the automobile industry, with vehicle sales expected to reach nearly...

Mexico telecoms reform could take years to unseat Slim 17 Mar 2014 - 05:08 am

MEXICO CITY: Tycoon Carlos Slim (pictured), under fire from regulators in his home country, has spent the last two years sniffing out deals...

For minimum wage 17 Mar 2014 - 05:08 am

People rally in support of a $15 minimum wage at Seattle Central Community College in Seattle, Washington.

QE index loses 12.33 points 17 Mar 2014 - 05:05 am

Doha: Qatar Exchange ended in the red area yesterday to close at 11,331.05 points, down 12.33 points, or 0.11 percent, from the previous...

Saudi Arabia’s GDP up 3.8pc: Central bank 17 Mar 2014 - 05:05 am

RIYADH: Saudi Arabia’s gross domestic product (GDP) grew by 3.8 percent in 2013, media yesterday quoted Saudi Arabian Monetary Authority (central bank) governor...

Abu Dhabi extends period of $20bn loans to Dubai 17 Mar 2014 - 05:05 am

DUBAI: Oil-rich Abu Dhabi and the UAE central bank agreed yesterday to roll over $20bn in loans to neighbouring debt-laden Dubai after it...

Aldermore, Jimmy Choo plan stock listings 17 Mar 2014 - 05:04 am

LONDON: The private equity owner of new British bank Aldermore has hired Credit Suisse and Deutsche Bank to prepare it for a listing...

Nikon is under lens for selling defective units 17 Mar 2014 - 05:04 am

SHANGHAI: Japan’s Nikon Corp has moved to allay consumer fears in China after being criticised on a closely watched consumer show that said...

ECB on defensive over rates status quo 17 Mar 2014 - 05:04 am

FRANKFURT: The European Central Bank appears to be increasingly on the defensive, stepping up efforts this week to counter criticism of complacency after...

Recovery is incomplete: Osborne 17 Mar 2014 - 05:03 am

LONDON: British Finance Minister George Osborne warned yesterday that Britain’s economic recovery was on course but far from completion as he prepared to...

Weekly Commodity Update: Gold rises on Ukraine but copper and oil fall on China concerns 17 Mar 2014 - 05:00 am

By Ole Hansen (Head of Commodity Strategy, Saxo Bank) Commodities suffered its first reversal in six weeks as concerns over Chinese economic growth...

Qatar to launch $65bn worth projects 17 Mar 2014 - 04:12 am

H E Abdullah bin Hamad Al Attiyah delivering the opening address at the seminar yesterday. From Left: Ali Abdullah Al Abdullah, Motoi Sasaki,...

Fiat Chrysler aims for NYSE listing in Oct 16 Mar 2014 - 08:56 am

Chrysler Group Chairman and CEO Marchionne (left) with United Auto Workers Union President King in Michigan. DETROIT: Fiat Chrysler Automobiles aims to list...

‘Policy decisions are best made early’ 16 Mar 2014 - 08:54 am

Stanley Fischer (left) before the Senate Banking Committee. PALO ALTO: Stanley Fischer, US President Barack Obama’s pick for the No. 2 job at...

US for big role in Qatar’s development 16 Mar 2014 - 08:48 am

Sheikh Dr Khalid bin Thani Al Thani (left) and Sheikh Faisal bin Qassim Al Thani (centre) with Penny Pritzker (second from right). RIGHT:...

SAS posts $17.5m loss 16 Mar 2014 - 08:47 am

SAS CEO Rickard Gustafson at the airline company’s headquarters in Stockholm. The Scandinavian airline reported a first-quarter net loss of $17.5m, citing lower...

GM hit with lawsuit over recall 16 Mar 2014 - 08:46 am

General Motors Co’s new chief executive Mary Barra. NEW YORK: General Motors was hit with what appeared to be the first lawsuit related...