Business

Brent oil prices slump under $90 10 Oct 2014 - 05:39 am

LONDON: Brent oil prices tumbled yesterday to a two-year low under $90 per barrel as gloomy German economic news sparked fresh demand concerns...

Gold rises to two-week high 10 Oct 2014 - 05:39 am

NEW YORK/LONDON: Gold rose to a two-week high yesterday as US equities fell, a day after minutes of the latest US Federal Reserve...

Apple delays production of larger iPad to early next year 10 Oct 2014 - 05:39 am

New York: Apple Inc suppliers have delayed the production of a larger iPad to early next year, the Wall Street Journal reported, citing...

Apple, Google brands exceed $100bn valuation 10 Oct 2014 - 05:38 am

PARIS: The US Apple and Google brands which have become household names around the globe are worth more than $100bn each, and top...

Nokia to suspend India production 10 Oct 2014 - 05:37 am

New Delhi: Nokia Oyj said it would suspend mobile handset production at its troubled Chennai facility in India from November 1 given that...

US jobless claims fall to 8-year low 10 Oct 2014 - 05:36 am

WASHINGTON: The number of Americans filing new claims for unemployment benefits fell last week in more than eight years, a sign of growing...

Workers go on strike at Foxconn’s China factory 10 Oct 2014 - 05:36 am

BEIJING/TAIPEI: More than 1,000 employees went on strike at a China factory owned by Hon Hai Precision Industry Co Ltd, the world’s biggest...

Qatar’s bank credits increase by 13.1pc 09 Oct 2014 - 03:10 am

By Satish Kanady DOHA: The overall credit facilities by Qatar banks increased 13.1 percent to QR575.4bn year-on-year at the end of 2013.Among other...

Infosys founders moving out 09 Oct 2014 - 03:06 am

FROM LEFT: Founders of Indian IT firm Infosys Technology Nandan Nilekani, K Dinesh, S D Shibulal, N S Raghavan, N R Narayana Murthy...

Mogadishu’s first ATM machine 09 Oct 2014 - 02:39 am

A Somali man uses the first-ever ATM cash withdrawal machine installed in the Somalian capital Mogadishu, yesterday, by the Salaam Somali Bank in...

Yusuff Ali to invest $85m in East India Company 09 Oct 2014 - 02:37 am

Yusuff Ali MA (sitting-left) and Sanjiv Mehta, Chairman of East India Company along with Ranjan Mathai, Indian High Commissioner to the UK, Abdul...

Infiniti unveils Q80 Inspiration 09 Oct 2014 - 02:31 am

Doha: Infiniti signals a clear intent to break into the top tier of the premium sedan category with the eye-catching Q80 Inspiration concept...

IMF warns of fresh financial crisis threat 09 Oct 2014 - 02:30 am

WASHINGTON: A prolonged period of ultra-low interest rates poses the threat of a fresh financial crisis by encouraging excessive risk taking on global...

LME wins court battle 09 Oct 2014 - 02:27 am

A file picture shows traders operating in the pit at the London Metal Exchange (LME) in central London. LME won a court battle...

Bahrain bourse preparing Islamic product range 09 Oct 2014 - 01:27 am

Manama: Bahrain’s stock exchange plans to launch a range of Islamic investment products, including a novel equity-based murabaha financing tool and Islamic real...

Brent recovers from 27-month low 09 Oct 2014 - 01:27 am

NEW YORK: Brent crude hit a 27-month low yesterday before recovering partially to close above $91 a barrel, with analysts saying the market...

Gold rises nearly one percent after Fed minutes 09 Oct 2014 - 01:26 am

NEW YORK/LONDON: Gold rose about 1 percent yesterday after minutes of the last US Federal Reserve policy meeting showed US central bankers concerned...

US fiscal 2014 budget deficit falls to $486bn 09 Oct 2014 - 01:26 am

WASHINGTON: The US budget deficit fell by nearly a third during fiscal 2014 to $486bn as federal revenues grew far faster than spending,...