Business

Google plans to cut 1,200 jobs at Motorola unit 10 Mar 2013 - 04:05 am

Washigton: Google Inc is cutting about 1,200 jobs at its Motorola Mobility Holdings unit, a person familiar with the matter said. The reduction...

IMF open to changes in Irish bailout deal 09 Mar 2013 - 12:12 am

International Monetary Fund Managing Director Christine Lagarde (centre) addresses a press conference with Irish Deputy Prime Minister Eamon Gilmore (right) and Irish Minister...

ArcelorMittal workers protest 09 Mar 2013 - 12:11 am

Workers of steelmaking giant ArcelorMittal block, in Eynatten, an access to the border along the E40 highway, between Belgium and Germany, yesterday. They...

US job data signals bright economy 09 Mar 2013 - 12:10 am

WASHINGTON: US employers stepped up hiring in February, adding a greater-than-expected 236,000 workers to their payrolls and helping to push the jobless rate...

Chrysler invites IPO pitches 09 Mar 2013 - 12:10 am

NEW YORK/LONDON: US carmaker Chrysler has asked banks to pitch next month for a mandate to run a potential public listing of its...

India set to halt Iran oil imports: MRPL 09 Mar 2013 - 12:09 am

NEW DELHI: India is set to halt all crude imports from Iran because insurance companies in the country have said refineries processing the...

Norway’s $710bn wealth fund back in top form in 2012 09 Mar 2013 - 12:09 am

OSLO: Norway’s sovereign wealth fund, one of the world’s biggest investors, grew by around $100bn in 2012, sealing one of its best years...

Venezuela could boost oil output 09 Mar 2013 - 12:09 am

LONDON: Venezuela could boost its long stagnant oil output considerably in just five to seven years if it offers investors greater certainty over...

Doha trade talks should be pushed forward: China 09 Mar 2013 - 12:08 am

Beijing: Chinese Minister of Commerce Chen Deming said yesterday that the Doha Round of trade talks should be further promoted in formulating new...

China exports surge more than 20pc in February 09 Mar 2013 - 12:08 am

BEIJING: China’s exports surged more than 20 percent in February on-year despite the Lunar New Year holiday, data showed yesterday, in another sign...

China exports surge more than 20pc in February 09 Mar 2013 - 12:07 am

BEIJING: China’s exports surged more than 20 percent in February on-year despite the Lunar New Year holiday, data showed yesterday, in another sign...

Italy must decide if it stays in euro, says Merkel ally 09 Mar 2013 - 12:07 am

BERLIN: Italy may decide to exit the euro or take other drastic action, a leader of German Chancellor Angela Merkel’s junior coalition partners...

Carmakers think outside the box as electric dreams shatter 09 Mar 2013 - 12:07 am

GENEVA: Carmakers are going back to the drawing board in the hunt for fuel-saving technologies as hopes that electric vehicles will be the...

Boosting capacity 08 Mar 2013 - 04:31 am

Part of the LyondellBasell oil refinery is pictured after a press conference by Canada’s Minister of Natural Resources Joe Oliver in Houston, Texas,...

Shell to give up Saudi gas search 08 Mar 2013 - 04:30 am

KHOBAR/DUBAI: Royal Dutch Shell is set to pull out soon from a joint venture that has searched for gas in Saudi Arabia’s Empty...

Gold prices edge down as investors prefer riskier bets 08 Mar 2013 - 04:30 am

LONDON: Gold edged lower yesterday as signs of a strengthening US economy encouraged investors to take riskier bets, but speculation that central banks...

Iraqi House okays $119.1bn budget 08 Mar 2013 - 04:30 am

BAGHDAD: Iraq’s parliament yesterday approved a $119.1bn budget for 2013 after weeks of delay, but Kurdish representatives and most members of the main...

Qatar Exchange down by 0.26 percent this week 08 Mar 2013 - 04:29 am

DOHA: Qatar Exchange (QE) index lost 22.36 points or 0.26 percent during this week to close at 8,506.22 points. Trading value during the...