Business

ONGC, PDVSA to raise $1bn for Venezuela JV 17 Dec 2014 - 09:48 am

CARACAS/ NEW DELHI: India’s Oil and Natural Gas Corp (ONGC) and Venezuela’s state oil company PDVSA are seeking around $1bn in credit to...

Repsol to buy Talisman Energy for $13bn 17 Dec 2014 - 12:32 am

Repsol Chairman Antonio Brufau (right) and CEO Josu Jon Imaz during a news conference at Repsol’s headquarters in Madrid yesterday. Spain’s Repsol has...

US housing starts fall, but trend points to recovery 17 Dec 2014 - 12:30 am

WASHINGTON: US housing starts and permits fell in November, but remained at levels consistent with a gradually improving housing market. Groundbreaking declined 1.6...

Dubai property price rise slows 17 Dec 2014 - 12:29 am

DUBAI: Increases in Dubai property prices slowed in the second half of 2014 and valuations will be steady next year as a glut...

Low-cost cars outperform fragile European recovery 17 Dec 2014 - 12:29 am

PARIS/MILAN: European car sales increased by just 1.2 percent last month, with budget brands led by Renault’s Dacia faring better as nervous consumers...

Ford India to recall 20,752 EcoSports 17 Dec 2014 - 12:24 am

MUMBAI: Ford Motor Co’s India unit said it will recall 20,752 EcoSport cars in the country to correct concerns about fuel and vapor...

Honda to recall 569,769 cars in China due to Takata air bags 17 Dec 2014 - 12:21 am

BEIJING: Chinese authorities said that Honda Motor Co1 and its two joint ventures in China would recall 569,769 cars due to potentially defective...

China industrial activity shrinks to 7-month low 17 Dec 2014 - 12:20 am

Workers assemble cars in a factory in Zouping, east China’s Shandong province yesterday as manufacturing activity worsened in December. BEIJING: Activity in China’s...

Malabar Gold’s new outlet in Dubai 17 Dec 2014 - 12:19 am

Malabar Gold & Diamonds will open its 123rd outlet in Dubai at Gold Souk, Deira, on December 20. The showroom will be inaugurated...

Morocco to sell stake in Marsa Maroc 17 Dec 2014 - 12:17 am

RABAT: Morocco’s government launched a tender yesterday seeking advisers for the sale of a minority stake in state-owned port operator Marsa Maroc via...

Central bank cuts rate to 2.5pc 17 Dec 2014 - 12:17 am

RABAT: Morocco’s central bank cut its benchmark interest rate yesterday to 2.5 percent from 2.75 percent, the second rate cut in three months...

THE TORCH DOHA wins global luxury design award 17 Dec 2014 - 12:16 am

Doha: THE TORCH DOHA has been recognised as the global winner in the “Luxury Design Hotel” category at the eight annual World Luxury...

Hitachi, ABB in JV to market transmission equipment 17 Dec 2014 - 12:16 am

TOKYO: Japan’s Hitachi and Swiss engineering giant ABB said they will set up a joint venture to market power transmission equipment in Japan,...

China cements new mega export corridor into Europe 17 Dec 2014 - 12:16 am

BELGRADE: Chinese Prime Minister Li Keqiang met 16 central and eastern European leaders yesterday in a summit to cement Beijing’s plans for a...

Ezdan to raise non-Qatari ownership up to 49pc 16 Dec 2014 - 12:41 am

Ezdan Holding Group Chairman Sheikh Dr Khalid bin Thani bin Abdullah Al Thani addressing the extraordinary general assembly meeting of the company yesterday....

QE index gains 3.11pc as oil slide pauses for a while 16 Dec 2014 - 12:39 am

By Satish Kanady DOHA: Qatari bourse broke its three-day slide yesterday and bounced back gaining 3.11 percent on oil recovery and Qatar’s strong...

Alibaba’s China call irks Taiwan youth 16 Dec 2014 - 12:38 am

Jack Ma, the founder of the Alibaba group, speaks during the 2014 Cross-Strait CEO Summit in Taipei yesterday. TAIPEI: Anti-Beijing protesters chanted outside...

Strike hits Amazon as festive orders peak 16 Dec 2014 - 12:35 am

BERLIN: More than 2,000 Amazon staff at German warehouses went on strike yesterday to press demands for better pay and conditions as the...