Business

Bullish US jobs report keeps Fed plan on track 07 Dec 2014 - 12:51 am

People wait in line to enter the Nassau County Mega Job Fair in New York. WASHINGTON: US employers added the largest number of...

Greece-Turkey Business Forum 07 Dec 2014 - 12:49 am

Greek Prime Minister Antonis Samaras (centre), Turkish Prime Minister Ahmet Davutoglu (left) and Greek Foreign Minister Evangelos Venizelos attend the Greece-Turkey Business Forum...

IMF team plans Ukraine visit to determine extra aid 07 Dec 2014 - 12:48 am

KIEV: The International Monetary Fund said yesterday it would dispatch a team to Ukraine to determine how much extra aid the war-wrecked and...

Salary protest in Turkey 07 Dec 2014 - 12:47 am

Thousands of public employees rally in Ankara’s central Sihhiye Square as they protest against the planned low salary hike by the government yesterday....

CBS and Dish reach deal after CBS pulls programming 07 Dec 2014 - 12:45 am

NEW YORK: US broadcasting companies CBS Corp and Dish Network Corp reached a multiyear deal yesterday with CBS agreeing to continue to deliver...

Citi’s credit card Japan business gets joint bid from three buyers 07 Dec 2014 - 12:45 am

Tokyo: Three companies have emerged to make a joint bid for Citigroup Inc’s credit card business in Japan, the Nikkei reported, as the...

Ex-IMF chief denies bank misrepresented accounts before listing 07 Dec 2014 - 12:45 am

MADRID: Ex-IMF head Rodrigo Rato denied that bailed-out Spanish lender Bankia misrepresented its accounts ahead of its doomed 2011 stock listing while he...

QNB gets award for best premium banking service 07 Dec 2014 - 12:44 am

DOHA: Qatar National Bank (QNB) has recently been recognized as the “Best Premium Banking Proposition 2014 in Qatar” for its QNB First premium...

Iraq exports to add pressure on oil price 07 Dec 2014 - 12:44 am

LONDON: Iraq’s plan for higher oil exports in 2015, emerging in detail just days after Opec shunned any output cut, will add to...

China opens projects to private investors 07 Dec 2014 - 12:43 am

Beijing: The Chinese Ministry of Finance rolled out 30 projects to solicit private capital in the form of a public-private partnership (PPP). These...

Ireland upgraded to A by S&P over growth 07 Dec 2014 - 12:42 am

LONDON: Ratings agency Standard and Poor’s raised Ireland’s credit rating to “A” , citing the country’s improved economic growth forecast and its repayment...

S&P lowers Saudi, Oman outlook on oil drop 07 Dec 2014 - 12:39 am

DUBAI: Standard and Poor’s has lowered the outlook for the world’s top oil exporter Saudi Arabia to stable from positive and its Gulf...

US trade gap narrows to $43.4bn in October 07 Dec 2014 - 12:39 am

WASHINGTON: The US trade deficit narrowed less than expected in October as lower crude oil prices failed to offset a jump in imports,...

Wall St assessing fallout from oil price slide 07 Dec 2014 - 12:38 am

NEW YORK: With crude oil prices hitting five-year lows, investors are scrambling to gauge the impact of the sharp drop in petroleum costs...

Dow, S&P hit new records after robust US jobs report 07 Dec 2014 - 12:37 am

NEW YORK: The Dow and the S&P 500 climbed modestly to fresh record highs on Friday after a blockbuster US labour report showed...

Qatar’s higher bid for Canary Wharf rejected 06 Dec 2014 - 01:34 am

LONDON: The owner of London’s Canary Wharf yesterday rejected a raised £2.6bn ($4.1bn) bid for the financial district from Qatar and a North...

IMF chief in Chile 06 Dec 2014 - 01:32 am

International Monetary Fund (IMF) Managing Director Christine Lagarde (right) is greeted by Rodrigo Vergara, governor of the Central Bank of Chile, in Santiago,...

India kicks off privatisation drive; sells steel firm’s shares 06 Dec 2014 - 01:31 am

Labourers work at a steel factory in the outskirts of Agartala in India’s Tripura state. The new right-wing government kicked off its troubled...