Business

British parcel firm City Link axes over 2,300 jobs 31 Dec 2014 - 08:49 pm

A City Link parcel delivery depot in south London on December 29, 2014 LONDON - The British parcel delivery firm City Link, which...

Rosneft signs deal for 160 helicopters with Italy's Finmeccanica 31 Dec 2014 - 08:35 pm

Finmeccanica, Italian helicopter maker, to produce 160 helicopters in Russia MOSCOW - Russian oil giant Rosneft said Wednesday it has reached a deal...

Brazil Economy struggles as Rousseff begins 2nd term 31 Dec 2014 - 07:53 pm

BRASïLIA - Brazil's President Dilma Rousseff will be sworn in for her second term Thursday before thousands of cheering supporters, but any moment...

US pending home sales tick up in November 31 Dec 2014 - 06:26 pm

Pending Home Sales in U.S. Pick Up Pace in July WASHINGTON - US pending home sales rose slightly in November, sticking to a...

European stocks end tough year with gains 31 Dec 2014 - 06:11 pm

LONDON - Europe's main stock markets rose on Wednesday, the last trading day of a tough year for the region's equities against a...

China's stock market goes from bear to bull 31 Dec 2014 - 01:24 pm

A man follows stock prices at a trading center in Haikou, Hainan province SHANGHAI--China's stock market is set to finish 2014 as the...

Indonesia scraps controversial gasoline subsidy 31 Dec 2014 - 12:27 pm

A fuel attendant at the state-energy firm, Pertamina fuel station JAKARTA--Indonesia's government will scrap its gasoline subsidy from January 1 to free up...

Vietnam's economy expands 5.98% in 2014 31 Dec 2014 - 10:43 am

HANOI---Vietnam's economy grew 5.98 percent in 2014, the highest for three years, despite a festering banking crisis and damaging anti-China riots, authorities said...

Round fruits for New Year 31 Dec 2014 - 05:30 am

Holiday-goers choose fruits at a market in Manila yesterday. Filipinos carry out a tradition of buying 12 different types of round fruits, each...

Songbird tells shareholders to take no action on $4bn bid 31 Dec 2014 - 05:28 am

LONDON: Canary Wharf owner Songbird Estates Plc has told shareholders to take no action on a Qatari-led $4bn takeover bid, reiterating that the...

SpiceJet axes 300 more flights 31 Dec 2014 - 05:27 am

New Delhi: Cash-strapped airline SpiceJet yesterday said that it will cancel 300 more flights till January 31, even as the government seemed to...

Citi Qatar holds Bourse Game seminar 31 Dec 2014 - 05:26 am

DOHA: With the aim of training local treasury, finance and investment officers from corporate and government entities in Qatar, Citibank QFC Branch recently...

Infiniti introduces world’s first light painting using cars 31 Dec 2014 - 05:21 am

Dubai: Infiniti Middle East has brought to life a ground-breaking, world’s first performance of light painting with cars – Inspired Light by Infiniti....

Wall Street recedes from record levels 31 Dec 2014 - 05:19 am

NEW YORK: US stocks edged lower yesterday, with major indexes pulling back from record levels as the recent trend of modest moves and...

Qatar’s third quarter GDP estimated at QR193bn 31 Dec 2014 - 05:14 am

DOHA: Qatar’s nominal Gross Domestic Product (GDP) estimate for third quarter (Q3) of 2014 stood at QR193.08bn (about $53bn), up 4.1 percent compared...

Bombardier receives order for 24 jets worth $1.4bn 31 Dec 2014 - 05:13 am

MONTREAL: Canadian aircraft manufacturer Bombardier has received an order for 24 CRJ900 NextGen regional jets worth a total of $1.14bn, the industry giant...

Kuwait’s CBK cuts stake in Boubyan Bank 31 Dec 2014 - 05:13 am

DUBAI: Commercial Bank of Kuwait (CBK) has cut its stake in Boubyan Bank to about 12.7 percent from the 19.9 percent which it...

China to step up free trade talks with Middle East 31 Dec 2014 - 05:12 am

BEIJING: China will speed up free trade talks with six countries on the Arabian peninsula and begin trade negotiations with Israel next year,...