Business

TUI in talks with investors on Hapag stake sale 15 Dec 2014 - 12:32 am

FRANKFURT: TUI AG is in talks with investors interested in buying its stake in Hapag-Lloyd as an option in its long-planned exit from...

Berkshire buys oil logistics business Charter Brokerage 15 Dec 2014 - 12:32 am

NEW YORK: Warren Buffett’s Berkshire Hathaway Inc said it was buying oil industry logistics provider Charter Brokerage from private equity firm Arsenal Capital...

Weekly Commodity Update : Precious metals buck trend as oil woes rage through commodities 15 Dec 2014 - 12:09 am

By Ole S. Hansen (Head of Commodity Strategy, Saxo Bank) The ongoing fall in global oil prices is still setting the agenda for...

Qatar to remain resilient to low oil prices: QNB 14 Dec 2014 - 12:53 am

DOHA: Qatar’s economy is expected to remain resilient to lower oil prices. Oil prices are widely expected to recover gradually once the current...

QP to host 9th edition of IPTC next year 14 Dec 2014 - 12:51 am

QPI stand at the recently-concluded 8th ITPC in Kuala Lumpur. DOHA: Qatar Petroleum will serve as the host organisation for the 9th edition...

Qatar businesswomen meet to open Tuesday 14 Dec 2014 - 12:49 am

Participants of the Qatar International Businesswomen Forum. DOHA: The 5th Qatar International Businesswomen Forum, jointly hosted by the Qatari Businesswomen Association and Interactive...

Spanish consumer prices fall 14 Dec 2014 - 12:48 am

A man walks past under signs that read ‘lowest prices’ in the Andalusian capital of Seville. Spanish consumer prices fell 0.4 percent year-on-year...

Drones need more regulation: IATA 14 Dec 2014 - 12:47 am

GENEVA: The surging popularity of inexpensive radio-controlled airplanes and helicopters raises risks that require a firm response from regulators to ensure safety, the...

Workiva debuts at NYSE 14 Dec 2014 - 12:46 am

Matthew Rizai, CEO of the data analytics company Workiva, rings a bell to begin IPO trading at the New York Stock Exchange.

Mexico unveils first phase of historic oil reforms 14 Dec 2014 - 12:44 am

MEXICO CITY: Mexico unveiled rules for the first phase of its historic opening of the oil sector to foreign investors, pledging transparent auctions...

Gulf Air takes part in New Zealand meet 14 Dec 2014 - 12:44 am

Doha: Worldwide Airline Customer Relations Association (WACRA) Chairperson and Gulf Air Senior Manager Customer Experience, Kavita S Al Jassim, along with WACRA board...

Aston Martin looks to raise funds for new models 14 Dec 2014 - 12:43 am

PARIS/LONDON: Aston Martin is preparing to raise funds to expand its range of models into new areas including crossover SUVs, two sources with...

US inaction on IMF reforms irks chief 14 Dec 2014 - 12:43 am

WASHINGTON: International Monetary Fund Managing Director Christine Lagarde said she was disappointed that the US Congress failed this week to ratify crucial IMF...

Halliburton slashes 1,000 jobs in Asia, Europe, Africa 14 Dec 2014 - 12:42 am

NEW YORK: Halliburton, the world’s second biggest oil services company, said it is slashing 1,000 jobs in its eastern hemisphere offices amid tumbling...

Businesses look for investment pledge at US-China trade talks 14 Dec 2014 - 12:42 am

WASHINGTON: US businesses are hoping for a pledge from American and Chinese officials at talks in Chicago next week to move ahead quickly...

WTO talks on duty-free trade in IT goods collapse 14 Dec 2014 - 12:41 am

GENEVA: Talks on cutting trade tariffs on hundreds of information technology products collapsed, delaying and potentially scuppering a deal estimated to be worth...

Question on investors’ minds on Fed move: Will they or won’t they? 14 Dec 2014 - 12:41 am

NEW YORK: “Will they or won’t they?” is the question on investors’ minds as the Federal Reserve policy-setting committee meets this week for...

Australia budget concerns real: central bank 14 Dec 2014 - 12:41 am

SYDNEY: Australia’s central bank governor called on the nation’s politicians to tackle the “real issue” of the country’s growing budget deficit, saying action...