Business

China’s urban complex 15 Oct 2013 - 01:40 am

A worker cleans an exterior of a newly built urban complex building accommodating offices and retail shops in Beijing yesterday.

EU ministers meet on US debt warnings 15 Oct 2013 - 01:38 am

LUXEMBOURG: EU finance ministers were warned yesterday of the “dramatic consequences” a US debt default could have as they discussed how to prevent...

ECB shoots down Greek bond plan 15 Oct 2013 - 01:38 am

ATHENS: Greece floated yesterday a proposal to roll over ¤4.5bn ($6.1bn) in debt next year fill a budget gap that has sparked concern...

Energy meet highlights demand challenge 15 Oct 2013 - 01:37 am

DAEGU, South Korea: The challenge of providing sustainable energy to a growing global population at a minimal environmental impact dominated debate at the...

US oil higher on hopes of budget solution 15 Oct 2013 - 01:37 am

NEW YORK: US oil prices were higher yesterday as traders covered short positions in the event that US politicians reach a deal to...

Onion prices send India inflation to 7-month high 15 Oct 2013 - 01:35 am

A trader counts money as he deals in onions at a wholesale market yard in Hyderabad. MUMBAI: A four-fold surge in the cost...

Alitalia capital hike 15 Oct 2013 - 01:33 am

An Alitalia worker walks at Fiumicino international airport in Rome yesterday. Shareholders of Alitalia were to vote on a $407m capital increase to...

Chevron goes to trial in New York over $18bn Ecuador award 15 Oct 2013 - 01:33 am

NEW YORK: Chevron Corp will try to convince a US judge this week that a group of Ecuadorean villagers and their US lawyer...

Tie-up talks push Peugeot shares down 15 Oct 2013 - 01:33 am

PARIS: Talk of a capital increase and tie-up with Chinese firm Dong Fen sent shares in French auto giant PSA Peugeot Citroen plunging...

South Africa, France sign energy accord, finalise rail deal 15 Oct 2013 - 01:32 am

PRETORIA: French President Francois Hollande announced yesterday the signing with South Africa of a $2bn pact for a thermal power plant in Africa’s...

Gold above three-month low; focus on US deadline 15 Oct 2013 - 01:32 am

LONDON: Gold firmed yesterday as the US fiscal impasse remained unresolved, but was still close to three-month lows on speculation an eleventh hour...

Italy’s ERG plans to expand wind power in Brazil 15 Oct 2013 - 01:31 am

VIENNA: Italian energy group ERG plans to invest in wind power in Brazil and Europe, accelerating its expansion in the sector after its...

QP participates in South Korea Energy Congress 14 Oct 2013 - 12:31 am

Qatar Petroleum (QP), along with some of its joint ventures and subsidiaries, is taking part in the 22nd World Energy Congress 2013 at...

Opec’s crude output at right level, says UAE 14 Oct 2013 - 12:29 am

DAEGU, South Korea: Opec’s crude oil production is at a suitable level for the market and there is no talk of the cartel...

Three-wheeler car 14 Oct 2013 - 12:22 am

A visitor inspects the “Velorex” three-wheel motor car on display at the contemporary design festival ‘Designblok 2013’ in Prague yesterday. Designblok is an...

Airbus chief eyes overtaking Boeing in production by ’18 14 Oct 2013 - 12:22 am

BERLIN: Airbus chief Fabrice Bregier says the European planemaker will overtake its US rival Boeing to become the world’s biggest producer within four...

Qatar real estate loan book reaches QR80bn 14 Oct 2013 - 12:17 am

DOHA: The real estate sector loan book in Qatar has touched a whopping QR80bn at the end of the first half of 2013....

South Korea signs $5.4bn currency swap deal with UAE 14 Oct 2013 - 12:17 am

SEOUL: South Korea’s central bank said yesterday it signed a bilateral, three-year currency swap deal with the United Arab Emirates worth up to...