Business

London auction 30 Nov 2014 - 11:14 pm

Employee Sarah Gubbins with a 1969-70 Porsche 908.02 ‘Flunder’ Langheck Group 6 Racing Sports Prototype at Bonhams auction house in London. The vehicle...

Anti-austerity march in Spain 30 Nov 2014 - 11:13 pm

Anti-austerity demonstrators shout slogans as they take part in a demonstration which organisers have labelled the “Marches of Dignity” in Madrid, Spain.

China sets draft rules for bank deposit insurance 30 Nov 2014 - 11:10 pm

BEIJING: China yesterday issued draft regulations to introduce a bank deposit insurance system for the first time, the latest in a series of...

Kellogg raises stakes in bidding war over Bisco Misr 30 Nov 2014 - 11:09 pm

CAIRO: Kellogg Co raised its bid yesterday for Egyptian cake and biscuit maker Bisco Misr, intensifying a bidding war with the UAE’s Abraaj...

GSK to axe US jobs as part of $1.6bn cost cuts 30 Nov 2014 - 11:09 pm

LONDON: GlaxoSmithKline will this week inform US staff of hundreds of job cuts in its biggest market as the drugmaker starts implementing a...

Vodafone Qatar scraps bid for Qnbn 30 Nov 2014 - 10:54 pm

DOHA: Vodafone Qatar yesterday announced its decision to scrap its bid to buy wholesale Internet provider Qatar National Broadband Network (Qnbn). On 2...

CSR Qatar conference begins today 30 Nov 2014 - 10:53 pm

Doha: Qatar’s ongoing efforts to align CSR best practices with the National Vision 2030 will receive a boost as the 2nd CSR Qatar,...

Oil firms to borrow to protect dividend 30 Nov 2014 - 10:53 pm

LONDON: With oil company revenues set to drop on the back of a rout in prices, boards will have to cut investments and...

Startups slowly emerge from Greek gloom 30 Nov 2014 - 10:52 pm

ATHENS: A taxi-tracking tool, a head-hunting engine and a vertical gardening company —all business startups that have paradoxically emerged from a Greek economy...

EU insurance stress test results today 30 Nov 2014 - 10:51 pm

FRANKFURT: Europe’s top insurance regulator EIOPA will announce details today of its latest check on how prepared the insurance sector is to withstand...

Oman Raysut Cement says costs to rise 3pc 30 Nov 2014 - 10:51 pm

DUBAI: Muscat-listed Raysut Cement’s costs will increase by 3 percent next year due to Oman state plans to introduce higher gas prices from...

Merkel behind Air Berlin in Etihad control dispute: Report 30 Nov 2014 - 10:50 pm

BERLIN: German Chancellor Angela Merkel is backing loss-making Air Berlin in a dispute over whether its Abu Dhabi-based partner Etihad is exercising too...

Foreign carmakers test the waters at Iran show 30 Nov 2014 - 10:49 pm

TEHRAN: Foreign automakers seeking a return to the potentially huge Iranian market with the lifting of international sanctions will find the business environment...

Russia hopes to seal oil-for-goods agreements with Iran soon 30 Nov 2014 - 10:48 pm

MOSCOW: Russia hopes a deal to supply grain and industrial equipment to Iran can be reached soon, Russia’s Economy Minister Alexei Ulyukayev said...

China home prices fall despite rate cut 30 Nov 2014 - 10:48 pm

SHANGHAI: China’s housing prices fell on a monthly basis for the seventh straight month in November, a survey showed yesterday, with the market...

Beijing plans deposit insurance in long-awaited economic reform 30 Nov 2014 - 10:47 pm

SHANGHAI: China yesterday moved closer to introducing deposit insurance, a long-awaited economic reform seen as a way to impose greater market discipline on...

UAE to keep currency peg to dollar: Mansouri 30 Nov 2014 - 10:47 pm

DUBAI: The United Arab Emirates will keep its currency peg to the US dollar and media reports that the currency regime is under...

Qatar to spend over $70bn on projects, says report 30 Nov 2014 - 01:09 am

DOHA: Qatari government — in the run-up to the 2022 FIFA World Cup, and in accordance with the Qatar National Vision 2030 —...