Business

US third quarter growth highest in 11 years 24 Dec 2014 - 12:14 am

Caterpillar CEO Douglas Oberhelman (centre) rings the opening bell to start the trading day at the New York Stock Exchange in New York....

Some Opec members see oil back above $70 by end-2015 23 Dec 2014 - 11:39 pm

ABU DHABI: Arab Opec producers expect global oil prices to rebound to between $70 and $80 a barrel by the end of next...

Iraq’s Dec oil exports rise towards record level 23 Dec 2014 - 11:39 pm

LONDON: Iraq’s oil exports are rising in December towards a record high, according to loading data and industry sources, as Opec’s second-largest producer...

Wanda makes trading debut in Hong Kong 23 Dec 2014 - 11:38 pm

HONG KONG: Chinese shopping mall developer Dalian Wanda made its trading debut in Hong Kong after raising $3.7bn in an initial public offering...

Protest against new tax law 23 Dec 2014 - 11:37 pm

People demonstrate against a planned tax law in Skopje, Macedonia, yesterday. The tax law, which is to be implemented on January 1, 2015,...

UltraTech to buy Jaiprakash cement plants for $852m 23 Dec 2014 - 11:35 pm

MUMBAI: India’s UltraTech Cement has agreed to buy two cement plants from Jaiprakash Associates for Rs54bn ($852m) including debt, the companies said. Both...

US businesses line up to tap Cuba trade potential 23 Dec 2014 - 11:34 pm

MIAMI: US businesses are lining up to take advantage of the enormous investment potential of Cuba, all but untouched for more than half-a-century...

Argentina loses US appeal over creditors’ subpoenas 23 Dec 2014 - 11:33 pm

NEW YORK: A US appeals court yesterday rejected Argentina’s bid to reverse a decision requiring the country and various banks to provide holdout...

Business interest piqued by prospect of US, Cuba trade 23 Dec 2014 - 09:08 pm

Old American cars are seen on a street in Havana, Cuba MIAMI - US businesses are lining up to take advantage of the...

European stocks advance in subdued Christmas trade 23 Dec 2014 - 08:58 pm

LONDON - European equities rose in thin holiday trade Tuesday as dealers ignored sharp falls in Asia to focus on stellar US growth...

Iraqi cabinet approves $102.5 bn budget for 2015 23 Dec 2014 - 08:45 pm

Iraqi labourers walk past an oil tanker docked at a floating platform BAGHDAD - The Iraqi cabinet on Tuesday approved a $102.5 billion...

Dow tops 18,000 for 1st time on strong US growth 23 Dec 2014 - 05:57 pm

NEW YORK - The Dow stock index topped 18,000 for the first time on Tuesday, rising in the opening moments of trade following...

India slashes health budget 23 Dec 2014 - 05:28 pm

NEW DELHI, Dec 23 (Reuters) - The Indian government has ordered a cut of nearly 20 percent in its 2014/15 healthcare budget due...

Iraq's oil export rise in December towards record 23 Dec 2014 - 05:10 pm

LONDON- Iraq's oil exports are rising in December towards a record high, according to loading data and industry sources, as OPEC's second-largest producer...

Lower oil price "double-edged sword" for Egypt 23 Dec 2014 - 04:34 pm

CAIRO-- The fall in global oil prices will cut Egypt's fuel subsidy bill but could hit the finances of oil-exporting Gulf allies who...

Spain economy could grow 1.4% in 2014 23 Dec 2014 - 04:32 pm

MADRID--Spain's recovering economy could grow by up to 1.4 percent this year, the country's central bank said on Tuesday in a forecast that...

US-Israel gas field control nixed over monopoly fears 23 Dec 2014 - 04:00 pm

Delek Energy JERUSALEM--Israel's Antitrust Authority said Tuesday that US giant Noble Energy and its Israeli partner Delek would not be able to continue...

British third quarter growth confirmed at 0.7% 23 Dec 2014 - 02:23 pm

LONDON-- British economic growth slowed to 0.7 percent in the third quarter of 2014 from the previous three months, official data showed Tuesday,...