Business

European Commissioner in Greece 16 Dec 2014 - 12:34 am

European Commissioner for Economics, Taxation and Customs Pierre Moscovici (front right) and Greece’s Finance Minister Gikas Hardouvelis (front left) exit the Maximos mansion...

Finance meet in Ottawa 16 Dec 2014 - 12:33 am

Canada’s Finance Minister Joe Oliver (right) and Bank of Canada Governor Stephen Poloz attend a meeting with provincial and territorial finance ministers in...

Accor, China Lodging in pact 16 Dec 2014 - 12:33 am

Huazhu Hotels Group Ltd Founder and CEO Qi Ji (left) and French hotel operator Accor CEO Sebastien Bazin in Paris yesterday. Accor announced...

Insurance is fast-growing sector on Qatar Exchange 16 Dec 2014 - 12:25 am

DOHA: Among the seven sector indices on Qatar Exchange (QE), the fastest-appreciating sector is insurance. Though the five-stock insurance sector represents just 3.1...

Mixed closing in Gulf markets 16 Dec 2014 - 12:23 am

DUBAI: Most Middle East stock markets became more stable yesterday, after plunging in previous days, as the price of oil recovered slightly. But...

Barwa wins QR750m contract from Manateq 16 Dec 2014 - 12:23 am

DOHA: Barwa Real Estate said it has won a QR750m contract from Manateq to build, operate and transfer (BOT) low-cost warehouses. Manateq (Economic...

Rouble tumbles past 60 per dollar on oil slump 16 Dec 2014 - 12:22 am

MOSCOW: The rouble tumbled past 60 for the first time yesterday as traders tested Russia’s willingness to defend the currency amid an oil...

Women leaders debate financial career issues 16 Dec 2014 - 12:21 am

DOHA: The challenges facing women who wish to pursue a career in finance and accounting in Qatar were debated by a senior panel...

AirAsia X confirms order of 55 Airbus A330Neos for $15bn 16 Dec 2014 - 12:21 am

PARIS: Malaysian low-cost carrier AirAsia X confirmed yesterday its order of 55 long-haul A330Neo passenger planes from Airbus at a list price of...

Boeing wins aircraft order from new Canadian airline 16 Dec 2014 - 12:20 am

NEW YORK: US aerospace giant Boeing yesterday announced an order for five 737 MAX 7 aircraft from Jetlines, a new Canadian discount airline...

Chevron may pull out of $10bn shale gas deal 16 Dec 2014 - 12:17 am

KIEV: US energy major Chevron plans to withdraw from a $10bn shale gas deal with Kiev, a senior Ukrainian presidential official said yesterday....

Australian budget deficit set to balloon to $33.2bn 16 Dec 2014 - 12:17 am

SYDNEY: Australia’s budget deficit is forecast to balloon to Aus$40.4bn ($33.2bn) this financial year as the government struggles with a sharp slump in...

New EU insurance rules trigger deals 16 Dec 2014 - 12:16 am

LONDON/FRANKFURT: New, stricter capital rules for Europe’s insurers could spur takeovers and consolidation next year among the region’s 5,000 insurers, after recent stress...

Japan business confidence down in Dec quarter: BoJ 16 Dec 2014 - 12:16 am

TOKYO: Confidence among major Japanese manufacturers edged down in the three months to December, a quarterly central bank survey showed yesterday, underscoring the...

US brokerage BGC to buy UK rival RP Martin 16 Dec 2014 - 12:16 am

LONDON: US brokerage BGC Partners has agreed to buy London rival RP Martin, the latest step towards consolidation of an industry under pressure...

US factory output increases in sign of economy’s strength 16 Dec 2014 - 12:15 am

WASHINGTON: US manufacturing output recorded its largest increase in nine months in November as production expanded across the board, pointing to underlying strength...

India’s inflation rate flat, raising rate cut hopes 16 Dec 2014 - 12:14 am

MUMBAI: India’s wholesale inflation fell to a five-and-a-half-year low driven by ongoing falls in fuel and food prices, data showed yesterday, boosting expectations...

SpiceJet seeks state’s help as problems mount 16 Dec 2014 - 12:14 am

NEW DELHI: India’s cash-strapped SpiceJet airline, which announced the cancellation of nearly 1,900 of its domestic flights last week, sought “urgent relief” from...