Business

Kuwait sends $200m worth of oil to Egypt 15 Jul 2013 - 12:46 am

KUWAIT: Kuwait has sent two oil tankers carrying crude and diesel worth $200m to Egypt, a Kuwaiti newspaper said yesterday, part of a...

Australia to scrap carbon tax for trading scheme 15 Jul 2013 - 12:39 am

SYDNEY: Key greenhouse gas emitter Australia yesterday announced it will scrap its carbon tax in favour of an emissions trading scheme that puts...

Airlines insist they will stick with Dreamliner 15 Jul 2013 - 12:07 am

LONDON: Airlines expressed confidence in the safety of Boeing’s 787 Dreamliner yesterday as investigators searched for the cause of a fire on one...

Fear of Fed and China slowdown take a toll 15 Jul 2013 - 12:06 am

LONDON: Emerging economies that have thrived on ultra-loose US monetary policy and insatiable Chinese demand for natural resources are in for another rude...

Qatar’s real GDP to grow 6.8pc next year 14 Jul 2013 - 01:45 am

DOHA: Qatar’s real GDP is expected to expand at a rapid pace during the second half of 2013 growing 6.5 percent for the...

Home prices rise by 120pc in HK 14 Jul 2013 - 01:42 am

A worker balances on a bamboo scaffolding set up over a billboard advertising a real estate project in Hong Kong. The city boasts...

Egypt upheaval mars hopes of end to economic woes 14 Jul 2013 - 01:42 am

CAIRO: Egypt’s shattered economy was boosted this week by Gulf allies pledging billions of dollars in aid, but analysts say this simply buys...

AT&T agrees to buy Leap Wireless for $1.2bn 14 Jul 2013 - 01:42 am

NEW YORK: AT&T, the second-largest US wireless carrier, agreed to buy Leap Wireless International for $1.2 billion, giving the company 5 million customers,...

Greeks split on reforms, job cuts: Poll 14 Jul 2013 - 01:41 am

ATHENS: Greeks are split down the middle on whether public sector job cuts demanded by the country’s international lenders for continued bailout funding...

Fitch cuts French credit rating 14 Jul 2013 - 01:39 am

A file picture shows two ‘A’ letters and a ‘+’ symbol placed on a French map. NEW YORK/PARIS: France lost the last of...

Commodities rally on Fed stimulus pledge 14 Jul 2013 - 01:39 am

LONDON: Most commodity markets rallied this week, with oil striking a 15-month peak, after US Federal Reserve chairman Ben Bernanke pledged to retain...

Regulators seek to crack down on bank leverage 14 Jul 2013 - 01:38 am

LONDON: New demands from regulators to force banks to keep a lid on risk-taking after the financial crisis has re-ignited a debate over...

Icahn adds perk to Dell offer 14 Jul 2013 - 01:38 am

NEW YORK: Billionaire investor Carl Icahn is offering shareholders a chance to own a bigger stake in Dell Inc, seeking to force Michael...

Malaysia’s Islamic finance sector overhaul a boost for depositors 14 Jul 2013 - 01:37 am

KUALA LUMPUR/DUBAI: New laws governing Malaysia’s Islamic finance sector will boost protection for depositors by making religious advisers legally accountable for financial products,...

UPS sees fall in Q2 profit 14 Jul 2013 - 01:36 am

United Parcel Service (UPS) aircraft are loaded with containers full of packages at the UPS Worldport All Points International Hub in Louisville, Kentucky....

Philippine growth 14 Jul 2013 - 01:33 am

A view of new office buildings in Manila. Visiting World Bank vice president for East Asia and the Pacific Axel van Trotsenburg said...

Ford sees turnaround in Europe: Official 14 Jul 2013 - 01:32 am

DETROIT: The steep contraction of Europe’s auto industry — which has trimmed sales, forcing carmakers to absorb punishing losses and slash production —...

Greece picks Eurobank to buy Postbank 14 Jul 2013 - 01:32 am

ATHENS: Greece’s bank rescue fund picked Eurobank to buy New Hellenic Postbank as part of consolidation in the sector and to meet a...