Business

Commodity prices mixed amid US budget impasse 02 Dec 2012 - 12:44 am

LONDON: Commodity prices diverged last week as traders focused heavily on the outlook for the United States and whether the world’s biggest economy...

Canada seeks access to new oil markets 02 Dec 2012 - 12:44 am

MONTREAL: Canada is scrambling to build an expansive new oil pipeline network to reach new markets including Asia as its sole customer, the...

Taqa buys 53.2pc stake in Iraqi Kurdish oil block 02 Dec 2012 - 12:44 am

ABU DHABI: Abu Dhabi National Energy Co (Taqa) has bought a 53.2 percent operating interest in an oil block in Iraqi Kurdistan from...

Going global: India’s Mahindra races for Aston Martin 02 Dec 2012 - 12:43 am

MUMBAI: Sports car maker Aston Martin may look like a shiny trophy that makes an awkward fit for Mahindra and Mahindra, the world’s...

Hong Kong growth 01 Dec 2012 - 01:06 am

A man and a woman walk by stalls of a street market in Hong Kong. The value of total retail sales in October...

Leave ‘fairy world’ behind, Draghi tells eurozone 01 Dec 2012 - 01:06 am

PARIS: The eurozone’s crisis is far from over and its members must tighten budgets and forge a banking union to leave behind the...

US consumer spending falls in October as growth stalls 01 Dec 2012 - 01:06 am

WASHINGTON: US consumer spending fell in October for the first time in five months and income growth stalled, leading some economists to cut...

Japan okays $10.7bn stimulus package to boost economy 01 Dec 2012 - 01:05 am

TOKYO: Tokyo yesterday approved $10.7bn in fresh spending to help boost Japan’s limp economy, just weeks before an election the ruling party is...

Brent crude at $110.76 a barrel 01 Dec 2012 - 01:05 am

NEW YORK: Brent crude prices hovered near unchanged yesterday in choppy, end-of-month trading as investors monitored developments in US budget talks and Middle...

France, Qatar to co-invest in small French businesses 01 Dec 2012 - 01:04 am

PARIS: France’s state-owned Caisse des Depots bank and the investment arm of Qatar’s sovereign fund yesterday announced the signing of an agreement to...

Electric car sharing fleet 01 Dec 2012 - 01:03 am

Electric smart two-seater cars on display during the presentation of what the organisers say are the largest electric car sharing fleet in Germany....

European stocks end down on US fiscal cliff woes 01 Dec 2012 - 01:02 am

LONDON: Europe’s main stock markets mostly slid yesterday, with persistent concerns over the US “fiscal cliff” offsetting the German parliament’s approval of the...

India’s quarterly growth slows to 5.3pc 01 Dec 2012 - 01:02 am

NEW DELHI: India’s economic growth eased to 5.3 percent in the July-September quarter, extending a slowdown since the start of the year, data...

France-ArcelorMittal showdown looms 01 Dec 2012 - 01:02 am

PARIS: A mammoth battle of brinkmanship could leave the world’s top world steelmaker ArcelorMittal hobbled and damage France’s business climate if the government...

Africa’s first budget airline takes to skies 01 Dec 2012 - 01:01 am

LONDON: The world’s first pan-African low-cost carrier Fastjet enjoyed keen demand on its first day of commercial operations, it said in a statement...

Bharti Infratel plans $845m IPO 01 Dec 2012 - 01:01 am

NEW DELHI: Bharti Infratel, the telecom tower arm of India’s leading mobile phone company Bharti Airtel, announced plans yesterday to raise up to...

Samsung unveils Net-connected camera 30 Nov 2012 - 05:29 am

SEOUL: South Korean consumer electronics giant Samsung Electronics Co is taking aim at its Japanese rivals with an Android-powered digital camera that allows...

Opec oil output falls in November, says survey 30 Nov 2012 - 05:28 am

LONDON: Opec crude oil output has declined in November to its lowest since January because of disruptions to Nigerian output and reduced supplies...