Business

Monte shareholders delay cash call 29 Dec 2013 - 09:48 am

SIENA: Italy’s third-biggest bank Monte dei Paschi di Siena was forced to delay a vital ¤3bn ($4.1bn) share sale to raise capital until...

Rosneft to focus on Morgan Stanley deal 29 Dec 2013 - 09:47 am

MOSCOW: Rosneft said on Friday it will focus on integrating Morgan Stanley’s oil trading unit it agreed to buy last week rather than...

Canadian firm plans to expand oil supply 29 Dec 2013 - 09:47 am

SEATTLE: The number of oil tankers in Washington state waters could increase almost sevenfold under a proposal by a Canadian pipeline company to...

Audi to invest $30.1bn in new models, plants through 2018 29 Dec 2013 - 09:47 am

FRANKFURT: Germany’s Audi said it would invest about ¤22bn ($30.1bn) in new models, plants and technology in the five years through 2018. That...

US 10-year Treasury yields reach highest since 2011 29 Dec 2013 - 09:46 am

NEW YORK: Treasury 10-year yields touched the highest level in more than two years as signs of a quickening economic recovery boosted speculation...

Strikes end at Total’s refineries in France 29 Dec 2013 - 09:46 am

PARIS: Workers at Total’s Gonfreville refinery in France agreed to end a strike, the last of five sites to halt a walkout that...

Global property investment to reach 7-year high in 2014 29 Dec 2013 - 09:46 am

LONDON: Global property investing activity is set to hit a seven-year high by volume in 2014, led in part by growing confidence in...

State firms reset trading patterns 29 Dec 2013 - 09:45 am

LONDON: As US and European banks drop out of commodity trading, Russian, Chinese and Gulf state firms are filling the gap in an...

US bank watchdog to consider Volcker rule 29 Dec 2013 - 09:44 am

WASHINGTON: US bank regulators said they would consider allowing banks to hold on to certain complex securities despite a new rule limiting risky...

Turkey debt insurance costs at 18-month high 29 Dec 2013 - 09:44 am

LONDON: Turkish debt insurance costs surged to 18-month highs and dollar bond prices tumbled as investors were rattled by a deepening political crisis...

North Korean cabinet to tighten control of economy 29 Dec 2013 - 09:44 am

SEOUL: North Korea’s cabinet will tighten its grip on the economy after the shock execution of leader Kim Jong-Un’s uncle, whose control over...

Global economy to be bumpy in 2014: QNB Group 29 Dec 2013 - 06:23 am

Doha: Economists are famous for making wrong predictions. In December 2012, most economists predicted the end of the euro, a hard landing of...

Turkish lira in free fall amid govt crisis 28 Dec 2013 - 05:06 am

ANKARA: The Turkish lira hit a record low yesterday as Prime Minister Recep Tayyip Erdogan, embroiled in a major graft probe, faced new...

Labour shortage in India 28 Dec 2013 - 05:06 am

Labourers work at the site of a commercial building under construction in Noida, on the outskirts of New Delhi. India’s biggest cities face...

Chinese industry profits rise 28 Dec 2013 - 05:05 am

A labourer guides as slag is poured into a container at Dongbei Special Steel Group Co Ltd in Dalian, Liaoning province, yesterday. Profits...

New Spanish power billing formula 28 Dec 2013 - 05:04 am

Power lines near a publicity board depicting a bull in El Berron, near Oviedo, northern Spain. Spanish competition watchdog has proposed a new...

France jobless rise despite Hollande vow 28 Dec 2013 - 05:03 am

PARIS: France’s number of registered jobseekers rose by 17,800 in November to 3.29 million, the labour ministry said, challenging government claims to have...

Top India Bitcoin operator halts trade after bank warning 28 Dec 2013 - 05:03 am

NEW DELHI: India’s biggest Bitcoin trading platform said on its website yesterday it had suspended operations after the central bank warned against the...