Business

Hungary freezes gas supply to Ukraine 27 Sep 2014 - 12:36 am

BUDAPEST: Prime Minister Viktor Orban said yesterday that Hungary could not risk a halt to Russian gas supplies as it froze deliveries to...

US economy grows at fastest pace in 30 months 27 Sep 2014 - 12:35 am

WASHINGTON: The US economy grew at its fastest pace in 2-1/2 years in the second quarter with all sectors contributing to the jump...

Dollar near four-year highs against major currencies 27 Sep 2014 - 12:35 am

LONDON: The dollar held just below a four-year high against a basket of currencies yesterday, fuelled by the biggest yield advantage over the...

Hyundai group agrees to $10bn land deal 27 Sep 2014 - 12:35 am

SEOUL: Hyundai Motor Co and its two affiliates approved Asia’s biggest property deal since the financial crisis yesterday when their board members agreed...

Russia moves to take control of Bashneft 27 Sep 2014 - 12:34 am

MOSCOW: Russia moved to wrest control of an oil company from oligarch Vladimir Yevtushenkov yesterday, seizing his conglomerate Sistema’s shares in the firm...

Russian ruble hits record low against dollar 27 Sep 2014 - 12:34 am

MOSCOW: The Russian ruble fell to a record low against the dollar yesterday, breaking through the level of 39 to the dollar for...

India soymeal exports to hit 10-year low 27 Sep 2014 - 12:34 am

MUMBAI: India’s soymeal exports are likely to fall by a fifth to their lowest in a decade at two million tonnes in the...

Tokyo investors eye rosy future 27 Sep 2014 - 12:33 am

TOKYO: Tokyo investors are eyeing a rosy future, with a reconfigured pension fund investment, more central bank easing and a possible extra government...

A320neo conducts maiden flight 26 Sep 2014 - 08:23 am

The Airbus A320neo (New Engine Option) takes off during its first flight event in Colomiers near Toulouse, southwestern France, yesterday. TOULOUSE: Airbus successfully...

Lithuania to join eurozone 26 Sep 2014 - 08:22 am

ECB President Mario Draghi (left) and Lithuania’s central bank Governor Vitas Vasiliauskas at the Euro Star handover ceremony in Vilnius yesterday. Lithuania will...

Sony’s new Walkman 26 Sep 2014 - 08:21 am

A model holding Sony Corp’s Walkman NW-A16 (right) and high resolution audio headphones MDR-Z7 during a product unveiling event in Tokyo yesterday.

Sunrise on sale 26 Sep 2014 - 08:19 am

Customers at Swiss telecoms company Sunrise in Zurich yesterday. European private equity firm CVC is resuming the sale of Swiss mobile telecoms company...

Qatar’s GDP to grow by up to 7.8pc in 2014-16 26 Sep 2014 - 08:18 am

DOHA: Driven by large investments in construction, services and transport sectors, Qatar’s overall GDP is projected to grow in the range of 6.8...

Qatar stocks end lower, investors wary of ‘over valuation’ 26 Sep 2014 - 08:16 am

By Satish Kanady DOHA: Qatar bourse extended its losing streak to fifth consecutive session yesterday pulling back the index down from the high...

Egypt current account deficit down to $2.4bn 26 Sep 2014 - 08:16 am

CAIRO: Egypt’s current account deficit shrank to $2.4bn in the 2013-14 fiscal year from $6.4bn the previous year, boosted by billions of dollars...

China, Spain ink $4bn trade deals 26 Sep 2014 - 08:15 am

SHANGHAI/BEIJING: China and Spain signed business deals worth about €3.2bn ($4bn ) yesterday during a visit by Spanish Prime Minister Mariano Rajoy to...

Adobe to shut China research unit 26 Sep 2014 - 08:14 am

SHANGHAI: US software giant Adobe will shut its research arm in Beijing by the end of the year, laying off 350 people, according...

European refiners seek cuts for survival 26 Sep 2014 - 08:13 am

LONDON: European refiners, in a desperate battle for survival, are investing in costly upgrades or trying to close plants that bleed the most...