Business

GM sees auto industry slowing in turbulent Middle East 01 Sep 2013 - 11:37 pm

DUBAI: General Motors said it expected the automobile industry in the Middle East to show growth that is sustainable, but at a slower...

Weekly Commodity Update: Commodity focuses on Syria after strong August performance 01 Sep 2013 - 11:36 pm

By Ole Hansen (Head of Commodity Strategy, Saxo Bank) There were two overriding themes providing direction in commodities this past week. The tensions...

GM sees auto industry slowing in turbulent Middle East 01 Sep 2013 - 11:36 pm

DUBAI: General Motors said it expected the automobile industry in the Middle East to show growth that is sustainable, but at a slower...

Movil threatens to scrap KPN takeover bid 01 Sep 2013 - 04:01 am

A view of the Telcel building in Mexico City, which also houses the America Movil office, both owned by Carlos Slim. BRUSSELS/MEXICO CITY:...

10 GCC banks top global list 01 Sep 2013 - 03:59 am

DOHA: The top 10 GCC banks are among the fastest growing globally, led by QNB Group. They are likely to remain well insulated...

Bombardier’s CSeries to fly before Sept 17 01 Sep 2013 - 03:59 am

TORONTO: Bombardier Inc’s all-new CSeries aircraft is poised to take to the skies before September 17, when the company is hosting an event...

Merkel calls for more market rules 01 Sep 2013 - 03:59 am

BERLIN: German Chancellor Angela Merkel said she would push the G20 to make more progress on regulating financial markets and crack down on...

Regulators agree on global swap rules 01 Sep 2013 - 03:58 am

WASHINGTON: Finance watchdogs laid out joint rules for the $630 trillion derivatives industry that was at the core of the 2007-09 credit meltdown,...

Most Brazil IPOs lost money since 2005: Credit Suisse 01 Sep 2013 - 03:58 am

CAMPOS DO JORDAO, Brazil: Many initial public offerings in Brazil have led to investor losses over the past eight years, a senior Credit...

Delta and Virgin Atlantic receive tentative antitrust immunity 01 Sep 2013 - 03:58 am

NEW YORK: Delta Air Lines Inc and Virgin Atlantic Airways Ltd are on track to receive immunity from US antitrust laws to operate...

Pentagon open to foreign investments 01 Sep 2013 - 03:57 am

WASHINGTON: The Pentagon is taking a harder look at proposed foreign acquisitions of US companies given the increasing financial complexity of such deals,...

Iran’s oil revenues drop 58pc 01 Sep 2013 - 03:57 am

WASHINGTON: Iran’s monthly revenues from oil sales have dropped 58 percent since just before the United States imposed harsher sanctions on the country...

Duke to stop burning coal at most of plants 01 Sep 2013 - 03:57 am

INDIANAPOLIS: Duke Energy has agreed to quit burning coal at its share of a power plant in western Indiana by June 2018 under...

Soybeans log best month in more than a year 01 Sep 2013 - 03:56 am

New York: Soybeans logged their best month in more than a year on concerns that dry weather in August will harm this year’s...

Syria turmoil pushes QE index down 01 Sep 2013 - 02:41 am

By Basheer Yusief Kahloot Qatar’s stock index witnessed a sharp decline due to political turmoil in Syria. The decline is not only limited...

Russian aviation show 31 Aug 2013 - 12:53 am

Sukhoi Su-27 jet fighters of the Russkiye Vityazi (Russian Knights) aerobatic team perform during a demonstration flight at the MAKS International Aviation and...

Opec August output falls on Libya: Survey 31 Aug 2013 - 12:21 am

LONDON: Saudi Arabia, the world’s largest oil exporter, has boosted output in August to a record high, a Reuters survey found yesterday, partly...

Asia’s Iran oil imports drop slightly 31 Aug 2013 - 12:20 am

TOKYO: Iran’s top four oil clients slightly reduced imports from the sanction-hit nation in July and purchases remain down about a fifth for...