Business

Big UK firms plan to raise investments despite risk: Deloitte 06 Jan 2015 - 01:47 am

LONDON: Major British businesses plan to step up investment this year despite seeing increased risks from May’s general election and a softer economic...

KeyBS signs franchise deal with KBS Qatar 06 Jan 2015 - 01:46 am

DOHA: KeyBS, a leading technology provider for financial institutions, which recently entered into a franchise agreement with KBS Qatar, has announced to install...

Russian shale beating US is ONGC’s last bet 06 Jan 2015 - 01:46 am

New Delhi: Oil & Natural Gas Corp, India’s biggest energy explorer, is banking on the world’s largest shale oil reserves to save its...

JPMorgan more valuable if broken apart: Goldman 06 Jan 2015 - 01:46 am

New York: JPMorgan Chase & Co’s parts are probably worth more to investors than the whole after regulators proposed tougher rules penalising firms...

German inflation slows, boosting case for ECB move 06 Jan 2015 - 01:44 am

FRANKFURT: Inflation in Germany, Europe’s biggest economy, hit a five-year low in December, data showed yesterday, turning up the heat on the European...

India plans to raise $10.2bn in spectrum auction 06 Jan 2015 - 01:44 am

New Delhi: The Indian government plans to raise Rs648.4bn ($10.2bn) selling telecommunications airwaves as it seeks to narrow the budget deficit to a...

Turkey inflation up at 8.17pc 06 Jan 2015 - 01:43 am

ISTANBUL: Annual inflation in Turkey ticked up to 8.17 percent in 2014, slightly higher than 2013 and well over the central bank’s medium-term...

QNB gets new global domain name QNB.com 06 Jan 2015 - 01:43 am

DOHA: QNB Group has revealed a key milestone in its global banking ambitions with the announcement of its new domain name QNB.com Starting...

US drivers will pay up to $1,499 for tech features, says study 06 Jan 2015 - 01:42 am

Detroit: A majority of US drivers are willing to pay as much as $1,499 to have high-tech entertainment and safety devices in their...

Fiat Chrysler, GM lead US car sales in 2014, a best year since 2006 06 Jan 2015 - 01:42 am

Michigan: General Motors Co, Ford Motor Co and other major automakers reported rising vehicles sales in the US in December, capping the best...

Abenomics halts Japan property slide, briefly 06 Jan 2015 - 01:41 am

OSAKA: An economic rebound and loose money policy under Prime Minister Shinzo Abe briefly halted a long slide in Japan’s commercial property market,...

British banks plan to protect ordinary customers 06 Jan 2015 - 01:41 am

LONDON: Britain’s biggest lenders have only a day before the deadline passes for submission of their plans to protect ordinary customers from the...

Brazil posts first trade deficit in 14 years 06 Jan 2015 - 01:41 am

Sao Paulo: Brazil in 2014 posted its first annual trade deficit in 14 years as commodity prices fell and trade with Argentina shrank....

Cyprus plans two international debt issues 06 Jan 2015 - 01:40 am

NICOSIA: Cyprus plans two international debt issues this year, its finance minister said yesterday, seeking a firmer footing in markets after a near...

Euro falls to nine-year low 06 Jan 2015 - 01:16 am

A pedestrian looks at rates in the window of a currency exchange in London yesterday. TOKYO: The euro fell to a nine-year low...

'Grexit' fears hammer European markets 05 Jan 2015 - 08:16 pm

ATHENS--Fears that Greece could end up leaving the eurozone after elections later this month rattled European markets on Monday, with stock prices hammered....

UAE's Air Arabia buys 49 pct of Jordan's Petra Airlines 05 Jan 2015 - 08:05 pm

DUBAI--Sharjah-based budget carrier Air Arabia said Monday it acquired 49 percent of Jordan's Petra Airline and plans to turn Amman into a new...

China expansion sees Volvo Cars beat sales record 05 Jan 2015 - 07:53 pm

STOCKHOLM--Swedish automaker Volvo Cars announced Monday it had beaten its historical sales record in 2014, mainly due to a successful expansion in China....