Business

GM to buy back preferred stock 23 Sep 2013 - 10:35 pm

DETROIT: General Motors agreed to pay $3.2bn to buy back high-interest preferred stock from a union retiree health care trust, and the Moody’s...

First exporting vessel due at Total’s Jubail refinery 23 Sep 2013 - 10:35 pm

LONDON: The first vessel to export fuel products from Total’s 400,000-barrels-per-day Jubail refinery in Saudi Arabia is due to arrive at the plant...

NPS Energy seeks $700m in sale 23 Sep 2013 - 01:16 am

DUBAI: Dubai-based oil services firm NPS Energy has put itself back up for sale, hoping to fetch up to $700m after a deal...

Britain pushing to ease sanctions on BP gas field 23 Sep 2013 - 01:09 am

LONDON: Britain could be close to agreeing a deal to ease sanctions that have stopped gas production from the North Sea’s Rhum field,...

Real estate transactions record 32pc increase 23 Sep 2013 - 01:08 am

DOHA: The real estate transaction rate in Qatar recorded a significant 32 percent growth during this summer months compared to the same period...

Troika begins audit of Greece 23 Sep 2013 - 01:06 am

International Monetary Fund Deputy Director and Mission Chief to Greece Poul Thomsen (right) arrives at the Finance Ministry in Athens yesterday. ATHENS: Greece...

ExxonMobil holds Tamayoz training 23 Sep 2013 - 12:33 am

Trainees attending the Tamayoz programme organised by ExxonMobil Qatar. DOHA: ExxonMobil Qatar held a four-day training course on fundamental economic analysis concepts for...

Minister to quit if Italy flouts EU deficit limits 23 Sep 2013 - 12:33 am

ROME: Italian Economy Minister Fabrizio Saccomanni will resign if the fragile coalition government flouts European Union deficit spending limits in favour of tax...

Small firms move in on vast Afghan mineral wealth 23 Sep 2013 - 12:32 am

KABUL: Few companies showed up to Afghanistan’s fresh appeal for investment in its vast mineral wealth yesterday, apparently deterred by trouble plaguing two...

Bank of Israel seen holding rates for fourth month 23 Sep 2013 - 12:32 am

JERUSALEM: Israel’s central bank is expected to leave short-term interest rates unchanged for a fourth straight month due to moderate economic growth and...

China’s FTZ plan a political message to Hong Kong: Analysts 23 Sep 2013 - 12:16 am

HONG KONG: Plans for China’s first free trade zone —seen as a threat to Hong Kong’s status as a finance hub — are...

Singapore Airlines sets sights on India 22 Sep 2013 - 11:18 pm

The first A380 delivered to Singapore Airlines arrives at the Airbus Delivery Centre in Toulouse Blagnac, southern France. Almost 13 years after pulling...

Russia warns Kiev against EU trade deal 22 Sep 2013 - 11:17 pm

Moscow: The Kremlin has warned Ukraine that if the country goes ahead with a planned agreement on free trade with the EU, it...

Ireland should stick to austerity target, says Asmussen 22 Sep 2013 - 11:16 pm

DUBLIN: Ireland should not ease up on austerity in its annual budget next month but stick to a target of ¤3.1bn ($4.2bn) worth...

Brazil ready to finance Petrobras in offshore oil auctions 22 Sep 2013 - 11:16 pm

RIO DE JANEIRO: Brazil’s government plans to finance state-run oil company Petroleo Brasileiro SA’s participation in the October 21 auction of Libra, country’s...

Groupon fails to end lawsuit alleging fraud linked to IPO 22 Sep 2013 - 10:57 pm

New york: Groupon Inc failed to persuade a federal judge to dismiss a lawsuit accusing the daily discount deals provider of misleading investors...

Brazil ready to finance Petrobras in offshore oil auctions 22 Sep 2013 - 10:57 pm

RIO DE JANEIRO: Brazil’s government plans to finance state-run oil company Petroleo Brasileiro SA’s participation in the October 21 auction of Libra, country’s...

Burst of IPOs follows gains in stock market 22 Sep 2013 - 10:56 pm

New York: September stock-market rise fuels demand for IPOs, with sudden rush of companies going public The stock market has been heating up,...