Business

Protests hit SC Asset shares 20 Feb 2014 - 01:19 am

Women wave from inside a building owned by SC Asset Corp in Bangkok yesterday. Shares of the property developer fell more than four...

Google unveils new investment arm 20 Feb 2014 - 01:18 am

SAN FRANCISCO: Google yesterday unveiled a new investment arm to put the technology titan’s touch on startups hitting stride, in a further expansion...

Gold demand dips 15pc globally 20 Feb 2014 - 01:18 am

London: Global gold demand fell by 15 percent to a four-year low in 2013, the World Gold Council said, as US investors frantically...

Recovery in rich economies stutters, says OECD data 20 Feb 2014 - 01:15 am

PARIS: Growth in advanced economies slowed down slightly in 2013 from output in 2012, the OECD said yesterday. These latest statistics on OECD-member...

Qatar, UAE lead Mena’s M&A deals 20 Feb 2014 - 01:15 am

DOHA: The Mena region’s mergers and acquisitions (M&A) deal values grew 13 percent in 2013 to hit $50.7bn compared to $44.8bn a year...

Qatar bourse inches up, gains 132.29 points 20 Feb 2014 - 01:02 am

Doha: Qatar’s bourse rose 1.13 percent yesterday, largely on the back of Qatar Insurance (QI), which last week announced it would buy Antares...

Kuwait Airways buys 25 planes, first in 20 years 20 Feb 2014 - 01:02 am

KUWAIT CITY: Loss-making state-owned Kuwait Airways Co signed contracts with Airbus yesterday to buy 25 planes, its first order for new aircraft in...

Dubai agrees roll-over of $10bn crisis debt to UAE 20 Feb 2014 - 01:00 am

DUBAI: Dubai has reached agreement on rolling over $10bn in debt extended by the central bank of the United Arab Emirates during the...

US crude rises as cold weather feeds heating oil demand 20 Feb 2014 - 01:00 am

NEW YORK: US crude oil prices rose yesterday as a fresh bout of freezing weather boosted heating oil demand, while traders weighed concerns...

Ranbaxy, Teva settle NY antitrust claims 20 Feb 2014 - 01:00 am

NEW YORK: Generic drug makers Ranbaxy of India and Teva of Israel have agreed to settle allegations they made an illegal pact to...

UK jobless rate goes up after BoE shifts focus 20 Feb 2014 - 12:59 am

LONDON: Britain’s jobless rate edged up unexpectedly for the first time in nearly a year, just a week after its previously rapid fall...

Iraq January oil exports down 20 Feb 2014 - 12:59 am

BAGHDAD: Iraq’s oil exports fell in January compared to the month before due to bad weather and sabotage by militants, the oil ministry...

Debt financing for sale of Morrisons is ready 20 Feb 2014 - 12:59 am

LONDON: Bankers are working on debt financing packages of around £5bn ($8.35bn) to back a potential sale of British supermarket chain Wm Morrisons...

AirAsia boss accuses rival, regulators of inefficiency 20 Feb 2014 - 12:58 am

KUALA LUMPUR: AirAsia boss Tony Fernandes savaged state-backed flag carrier Malaysian Airlines and the nation’s aviation authorities yesterday, accusing them of mismanagement that...

Egypt’s Pioneers to buy 60pc of Roaya 20 Feb 2014 - 12:58 am

CAIRO: Pioneers Holding plans to acquire a 60 percent stake in real estate investment firm Roaya Group by the end of the first...

NCB completes $1.3bn sukuk 20 Feb 2014 - 12:58 am

DUBAI: National Commercial Bank (NCB), Saudi Arabia’s largest lender, has completed a SR5bn ($1.3bn) Islamic bond issue, sources said yesterday. The transaction is...

Deutsche Bank moves closer to Kirch solution 20 Feb 2014 - 12:58 am

FRANKFURT: Deutsche Bank took a decisive step toward ending a dispute with the heirs of late media mogul Leo Kirch yesterday after the...

VW labour chief threatens to block deals if no unions formed 20 Feb 2014 - 12:57 am

BERLIN: Volkswagen’s top labour representative threatened yesterday to try to block further investments by the German carmaker in the southern United States if...