Business

EU urges leaders to back Juncker plan 14 Dec 2014 - 12:40 am

BRUSSELS: The EU urged doubtful national leaders to back Jean-Claude Juncker’s new investment plan at a summit next week after the scheme struggled...

Chrysler Group expands its Takata air bag recall in US 14 Dec 2014 - 12:39 am

DETROIT: Chrysler Group is expanding its US recall of older-model vehicles with Takata Corp passenger-side air bags, adding a second inflator design to...

Investors call for StanChart to plan for life after Sands 14 Dec 2014 - 12:39 am

LONDON: Standard Chartered is being urged to plan for life beyond Peter Sands after a strategy update last month failed to restore confidence...

Brent prices tumble towards $62 13 Dec 2014 - 01:06 am

LONDON: Oil fell to fresh lows not seen since July 2009 yesterday with Brent crude slipping towards $62 a barrel on concerns over...

Tesla’s China chief quits 13 Dec 2014 - 01:03 am

A man looks at Tesla Motors’ Model S P85 at its showroom in Beijing. The US electric car maker said yesterday its China...

South Stream woes 13 Dec 2014 - 12:58 am

Gas pipes bearing the flags of Serbia and Russia lie on the ground near the Serbian village of Sajkas, north of Belgrade, where...

Italian unions strike against reforms 13 Dec 2014 - 12:57 am

Police officers and protesters clashing during a nationwide strike, in Milan, northern Italy, yesterday. ROME: Two major Italian unions held a nationwide strike...

Uber drivers strike in Delhi 13 Dec 2014 - 12:56 am

Uber taxi drivers hold placards during a protest against the ban on online taxi services in New Delhi yesterday. The ban has brought...

Qantas Airways’ domestic and international, chiefs to leave 13 Dec 2014 - 12:49 am

SYDNEY: Qantas Airways Ltd said yesterday that the heads of its international and domestic divisions “decided to leave” the Australian carrier, four days...

Americans turn more bullish on spending 13 Dec 2014 - 12:48 am

WASHINGTON: US consumer confidence rose in December to a near eight-year high, a sign that falling gasoline prices and expectations of a better...

Russian rouble falls after central bank intervention 13 Dec 2014 - 12:47 am

MOSCOW: The Russian rouble dropped to a new low below 57 against the dollar, continuing a slide that traders said on Friday prompted...

Gold set for biggest rise in 6 months 13 Dec 2014 - 12:47 am

LONDON: Gold edged lower yesterday as some buyers cashed in recent gains, but remained on track for its biggest weekly rise since June...

China factory, investment growth flagging 13 Dec 2014 - 12:30 am

BEIJING: China’s economy showed further signs of fatigue in November, with factory output growth slowing more than expected and growth in investment near...

Drax shares fall on UK change to biomass subsidies 13 Dec 2014 - 12:29 am

LONDON: Shares in British power producer Drax fell to their lowest in more than two years, wiping as much as £300m ($471m) off...

Banks fined over tainted research on Toys’’R’’Us 13 Dec 2014 - 12:28 am

NEW YORK: Regulators fined 10 investment firms a total of $43.5m for promising positive write-ups on toystore chain Toys”R”Us in exchange for lucrative...

Asian stocks mostly up on upbeat US data 13 Dec 2014 - 12:28 am

SEOUL: Asian shares mostly climbed yesterday as investor sentiment was lifted by strong US retail sales. But the price of oil extended its...

Draghi to urge Europe leaders to reform 13 Dec 2014 - 12:27 am

FRANKFURT: The head of the European Central Bank is set to tell European leaders in stark terms at a summit next week that...

Oil sinks Qatar bourse to 32-week low 11 Dec 2014 - 11:14 pm

DOHA: Gulf stock markets fell sharply yesterday as panic selling spread across the region after oil dropped to a fresh five-year low. Qatar...