Business

Spaniards protest eviction 14 Apr 2013 - 01:16 am

Anti-eviction activists take part in an “escrache” (denunciation) protest near the house of Spanish Parliament Chairman Jesus Posada in Madrid. Spanish protesters seeking...

Austria defies pressure on bank secrecy 14 Apr 2013 - 01:15 am

DUBLIN: Austria defied growing pressure to follow Luxembourg in ending bank secrecy, after a group led by Europe’s six biggest countries pledged to...

Germany puts brakes on EU bank union 14 Apr 2013 - 01:15 am

DUBLIN: Germany said European banking union will require changes to EU law, in a call that could slow completion of the plan designed...

Indian minister heads to US, Canada to woo investors 14 Apr 2013 - 01:15 am

NEW DELHI: India’s finance minister heads to Canada and the United States this weekend to seek investment to plug a gaping hole in...

Saudi Savola first quarter net profit up 21.8 percent 14 Apr 2013 - 01:14 am

Al KHOBAR: Savola Group, the Saudi Arabia-based food conglomerate, posted a 21.8 percent year-on-year rise in its first-quarter net profit to SR295.2m ($78.72m),...

Salini eyes foreign growth after Impregilo merger 14 Apr 2013 - 01:10 am

MILAN: Italian builder Salini, taking over larger rival Impregilo (IPGI.MI), expects the merged group to double revenues over the next three years helped...

Ukraine promotes domestic car market 13 Apr 2013 - 04:14 am

A man walks past cars on sale outside an automobile dealership in Kiev. Ukraine imposed new tariffs of 6.5 to 13 percent on...

Tesco shifts focus 13 Apr 2013 - 04:13 am

A customer shops at a Tesco shop in Bishop’s Stortford, southern England. After a decade pushing its non-food business, Tesco is changing and...

Eurozone’s nod for problematic Cyprus bailout 13 Apr 2013 - 04:12 am

DUBLIN: Eurozone finance ministers formally approved yesterday the terms of a problematic Cyprus debt rescue that will cost Nicosia much more than first...

US retail data point to flagging economy 13 Apr 2013 - 04:12 am

WASHINGTON: US retail sales contracted in March for the second time in three months and consumer confidence tumbled in April, a sign that...

Russia at risk of recession: Minister 13 Apr 2013 - 04:11 am

BLAGOVESHCHENSK: Russia’s economy is at risk of sliding into recession by autumn and the government may need to implement stimulus measures to shore...

Slovenia eyes bank sell-off, budget revision to avoid bailout 13 Apr 2013 - 04:11 am

LJUBLJANA: Slovenia will have a plan ready to put to parliament in two weeks to sell off state assets, probably including a bank,...

Egypt struggles to meet soaring energy bills 13 Apr 2013 - 04:10 am

LONDON: Egypt owes at least $5bn to oil companies, half of it overdue, corporate reports have revealed, in a development highlighting the country’s...

French farmers strike 13 Apr 2013 - 04:09 am

French farmers lead a cow and a goat during a demonstration in Lyon, yesterday. Several hundred farmers brought tractors and animals to the...

Industrial data highlight ‘dismal’ Indian economy 13 Apr 2013 - 04:08 am

NEW DELHI: India’s industrial output rose just 0.6 percent in February, official figures showed yesterday, adding to a string of weak economic data...

Saudi awards Jubail fuel oil tender to SITME at high premium 13 Apr 2013 - 04:08 am

SINGAPORE: Saudi Arabia, the world’s largest oil exporter has awarded up to 400,000 tonnes of cracked fuel oil from its joint venture refinery...

Infosys shares dive after weak earnings 13 Apr 2013 - 04:07 am

BANGALORE: Shares in Indian outsourcing giant Infosys dived yesterday after it issued a disappointing growth forecast and warned of global challenges, sparking worries...

Vienna, Warsaw bourses in tie-up talks 13 Apr 2013 - 04:07 am

VIENNA: The Vienna and Warsaw stock exchanges said yesterday that they were in “preliminary” talks about a tie-up, in the latest attempt at...