Business

Budget deal not to change US fiscal outlook 22 Dec 2013 - 06:55 am

Doha: The US Congress approved a two–year budget deal last week, further avoiding the spectre of another government shutdown. While this marks a...

Top executive of Infosys steps down 22 Dec 2013 - 06:55 am

NEW DELHI: A top executive of Infosys, tipped as a future chief executive of the outsourcing giant has resigned, the latest in a...

Peugeot begins operations in Vietnam 22 Dec 2013 - 06:53 am

Doha: Nine months after the signature at Ho-Chi-Minh City of a partnership agreement (for import, distribution and assembly), Peugeot and the Vietnamese Thaco...

Emirates boosts superjumbo fleet to 44 planes 22 Dec 2013 - 06:52 am

DUBAI: Dubai’s Emirates Airline announced it has boosted its fleet of Airbus A380s to 44 planes, taking delivery of another two of the...

Twin deficits drag British currency down 22 Dec 2013 - 06:51 am

LONDON: Sterling fell for a second straight day against the dollar, hurt by the UK’s biggest balance of payment shortfall in over two...

M&S fights British market with Saturday sale 22 Dec 2013 - 06:50 am

LONDON: Marks & Spencer, Britain’s biggest clothing retailer, attempted to drive Christmas trading by holding a rare one-day sale yesterday, cutting prices on...

Greece seals natural gas privatisation deal with Azeri firm 22 Dec 2013 - 06:50 am

ATHENS: Greece agreed yesterday to sell the operator of its natural gas grid operator to Azerbaijan’s state energy company, in a ¤400m deal...

Energy market outlook stable: Qatar, Saudi 22 Dec 2013 - 05:12 am

Qatar’s Minister of Energy and Industry H E Dr Mohammed Saleh Al Sada (fourth right), Saudi Arabia’s Oil Minister Ali bin Ibrahim Al...

Boeing production target 21 Dec 2013 - 06:07 am

A 787 Dreamliner being built is pictured at South Carolina Boeing final assembly building in North Charleston, South Carolina, yesterday. Boeing Co is...

US-China trade pact 21 Dec 2013 - 06:07 am

China’s Vice-Premier Wang Yang (right) with US Secretary of Commerce Penny Pritzker after Chinese and US officials signed agreements during the 24th China-US...

Telecom Italia-Telefonica dispute 21 Dec 2013 - 06:06 am

Cables of optical fibre of Telecom Italia at a telephone exchange in Rome, yesterday. Prime Minister Enrico Letta pledged to protect investment in...

Gazprom begins production from Arctic oilfield 21 Dec 2013 - 06:04 am

MOSCOW: Russia’s first Arctic offshore field Prirazlomnoye, where Greenpeace activists were arrested in September after a high seas clash with Russian authorities, has...

BAE shares fall as UAE halts fighter talks 21 Dec 2013 - 06:04 am

LONDON: BAE Systems faced investor worries over its growth prospects after the United Arab Emirates pulled out of talks to buy 60 Eurofighter...

Spain reviews power auctions after threat of price rise 21 Dec 2013 - 06:03 am

MADRID: Spain is looking for a new way to set electricity prices after a double-digit spike at a wholesale auction threatened a painful...

British economy in cautious recovery 21 Dec 2013 - 06:03 am

LONDON: Britain is cementing its economic growth recovery, official data revealed yesterday, as the government’s deficit-reduction programme won support from the Standard and...

BoJ stands pat on easing, claims moderate recovery 21 Dec 2013 - 06:03 am

TOKYO: The Bank of Japan yesterday held off announcing any fresh measures to stimulate the economy, offering the upbeat view that it was...

S&P pushes EU debt rating down 21 Dec 2013 - 06:02 am

BRUSSELS: The Standard and Poor’s ratings agency downgraded the European Union’s credit-worthiness by one notch yesterday, blaming threats to cohesion including Britain’s role...

Iraq oil exports slip in December 21 Dec 2013 - 06:02 am

LONDON: Iraq’s oil exports have fallen so far in December, capping what has been a disappointing year and highlighting challenges it faces in...