Business

South Korea nominates trade minister for top WTO job 29 Dec 2012 - 04:41 am

GENEVA: South Korea nominated Taeho Bark, its trade minister, to lead the World Trade Organisation yesterday, making him the eighth candidate to be...

Spain sees ‘very tough’ economy 29 Dec 2012 - 04:38 am

A woman checks the contents of a bag of donated toys after receiving it during a distribution of toys for low income families...

Aramco finalises Jan-June term deal with one buyer 29 Dec 2012 - 04:37 am

SINGAPORE: The new trading arm of state-run Saudi Aramco has finalised a January to June 2013 term contract to sell jet fuel with...

Lonmin seeks new CEO to revive fortunes 29 Dec 2012 - 04:37 am

LONDON: South African miner Lonmin opened the search for a new chief executive to revive its fortunes after a torrid 2012 as Ian...

INSEE revises down French Q3 growth to just 0.1 percent 29 Dec 2012 - 04:36 am

PARIS: The French national statistics agency INSEE yesterday revised downward its figure for the country’s third quarter economic growth from 0.2 percent to...

Indonesian court fines Asian Agri for tax evasion 29 Dec 2012 - 04:35 am

JAKARTA: Indonesia’s Supreme Court ordered a major palm oil company to pay more than $390m to the state for tax evasion, a judge...

European stock markets rise 28 Dec 2012 - 04:28 am

A passer-by watching Tokyo stock average closing information on a display at a securities office in Tokyo yesterday, after Liberal Democratic Party’s president...

Indonesia economy 28 Dec 2012 - 04:19 am

High-rise buildings seen in Jakarta yesterday. According to projections by the World Bank, Indonesia’s major trading partners are estimated to grow by 3.3...

Qatari bourse index down 0.19 percent 28 Dec 2012 - 04:19 am

Doha: Qatar Exchange index was down 16.16 points or 0.19 percent to 8,311.22 points yesterday from the previous closing of 8,327.38 points. Among...

QSA announces five-year strategy 28 Dec 2012 - 04:18 am

DOHA: Qatar Statistics Authority (QSA) has announced a five-year national strategy for the further enhance its capabilities in statistics development, covering a period...

Brent eases 28 Dec 2012 - 04:18 am

NEW YORK: Oil prices eased in choppy trading yesterday as unresolved US budget talks left open the possibility that looming mandated tax hikes...

Bankia shareholders set for more losses 28 Dec 2012 - 04:17 am

MADRID: Spain’s Bankia will wipe out the investments of 350,000 shareholders, many of them small savers and pensioners, after it emerged that losses...

Hong Kong economy to grow 28 Dec 2012 - 04:12 am

A woman walks past a tinted window in front of the city skyline in Hong Kong yesterday. With the global economic weakness continuing...

Eurozone crisis batters holiday sales prospects 28 Dec 2012 - 04:11 am

LONDON: Shoppers in eurozone nations battered by years of recession and crisis are on the hunt for bargains, delaying their purchases until the...

US consumer sentiment weakens 28 Dec 2012 - 04:11 am

WASHINGTON: US consumer confidence fell more than expected in December, hitting a four-month low as a looming fiscal crisis sapped what had been...

Sudan opens new oilfield 28 Dec 2012 - 04:10 am

HADIDA: Sudan yesterday opened its second new oil field in a week, as the country struggles to make up for the loss of...

Lukoil cuts Iraq oil output plan by a third 28 Dec 2012 - 04:09 am

MOSCOW: Russia’s second-largest crude producer Lukoil said it has cut its oil production plan in Iraq by almost a third, in line with...

India PM calls 8pc economic growth ‘ambitious’ goal 28 Dec 2012 - 04:08 am

NEW DELHI: India’s premier Manmohan Singh played down hopes yesterday for the nation’s once booming economy, terming a plan for achieving eight percent...