Business

MILAN: European finance ministers struggled to agree a long promised financial transaction tax yesterday, with Germany urging a watered-down version amid resistance from...

Doha: The European Central Bank (ECB) surprised markets on September 4 by announcing its first dose of Quantitative Easing (QE) for the moribund...

HONG KONG: Wealthy mainland Chinese looking to buy the new iPhone 6 next week could expect to pay an eye-watering $2,500 for the...

TORONTO: Geography has again stumped Apple Inc, with the technology company mixing up and relocating both Canada’s largest city and its national capital...

BOSTON: Hackers accessed dozens of servers at JPMorgan Chase & Co in a cyberattack launched in June, though no money was taken, the...

LONDON: Britain said it would be the first country outside China to issue yuan-denominated bonds, as London seeks to become a Western hub...

BEIJING: China’s factory output grew at the weakest pace in nearly six years in August while growth in other key sectors also cooled,...

LISBON: The rebuilding of Portugal’s Novo Banco — the successor to Banco Espirito Santo (BES) after a state rescue last month — was...

LONDON: Atlas Mara, the African banking venture of former Barclays boss Bob Diamond, has awarded its Chief Executive John Vitalo shares worth $6m...

NEW YORK: HSBC Holdings Plc will pay $550m (£425m) to resolve a US regulator’s claims that the British bank made false representations in...

Valves and pipelines at the Gaz-System gas distribution station in Gustorzyn, central Poland, yesterday. WARSAW/PRAGUE: Poland resumed natural gas deliveries to Ukraine yesterday...

Labourers work at the construction site of a residential building in Mumbai yesterday. India’s industrial output growth slowed for a second straight month...

Spanish King Felipe (right) gets into an Opel Mokka as Opel/Vauxhall Vice-President and Finance and Chief Financial Officer Michael Lohscheller (left) looks on...

Workers clean the windows of a residential building in central Beijing, yesterday. Premier Li Keqiang promised to accelerate China’s switch to an economic...

BUENOS AIRES: Argentine farmers are hoarding 21.5 million tonnes of soybeans harvested this season, according to government data, as low world prices and...

BUENOS AIRES: Argentine farmers are hoarding 21.5 million tonnes of soybeans harvested this season, according to government data, as low world prices and...

Tokyo: The Bank of Tokyo-Mitsubishi UFJ (BTMU), Japan’s largest lender, hopes to expand its Islamic finance business across Asia and the Gulf, buoyed...

MILAN: Eurozone industrial output jumped twice as much as expected in July, breaking a two month trend of contraction and raising hopes that...