Business

Britain caps rail fares at inflation 07 Sep 2014 - 11:38 pm

LONDON: British rail fares are to be frozen in real terms for another year and operators will no longer be able to hike...

GSF Development Driller 07 Sep 2014 - 10:16 pm

Transocean’s GSF Development Driller II passes by the Bosphorus bridge on its way to the Black Sea, in Istanbul.

Rising stock market 07 Sep 2014 - 10:16 pm

A trader works on the floor of the New York Stock Exchange in New York City. Despite an unexpectedly low jobs report the...

No quick fix for India’s coal crisis: Minister 07 Sep 2014 - 10:12 pm

NEW DELHI: The Indian government yesterday blamed cost overruns at coal projects and $50bn in losses at state electricity distributors for a power...

GE oil business to outpace market 07 Sep 2014 - 10:12 pm

NEW YORK: General Electric Co’s fast-growing oil and gas business that supplies equipment and services is improving profit margins and is well-placed to...

VW cuts production at Russia plant 07 Sep 2014 - 10:11 pm

FRANKFURT: Volkswagen is slashing car production at its plant in Kaluga, Russia, in face of a weakening rouble and declining real wages, a...

Time Warner Cable staff to share $416m under retention plan 07 Sep 2014 - 10:11 pm

New York: Employees of Time Warner Cable will be $416m richer even if the cable operator’s merger with Comcast does not close, a...

Searching for growth in Europe, clarity in China 07 Sep 2014 - 10:11 pm

By Robin Emmott The eurozone’s struggle to avoid another recession will take centre stage in the coming week in the absence of major...

Making a difference through investing in bonds 07 Sep 2014 - 10:10 pm

By Stan Choe Instead of lending to just the government or some faceless corporation, what if your bond mutual fund also helped to...

Weekly Money Market Review with IBQ: Dollar gains dramatically boosting US economy 07 Sep 2014 - 10:10 pm

The US economy has shown its resilience in times of distress, as the dollar gained dramatically for the last couple of weeks against...

Russia bans European food imports 07 Sep 2014 - 09:50 pm

A woman picks a product from the dairy department of a shop in the far eastern Russian port of Vladivostok yesterday. Russia, which...

Unicredit to meet profit target 07 Sep 2014 - 09:49 pm

A logo of UniCredit in downtown Milan. Italy’s biggest bank by assets is sticking to its full-year net profit target of £1.59bn despite...

Montana coal mines to boost Asian exports 07 Sep 2014 - 09:46 pm

BILLINGS, Montana: Coal companies announced an agreement to consolidate ownership of a Montana mine in a deal aimed at boosting exports of the...

Big banks to face US swaps price-fixing suit 07 Sep 2014 - 09:46 pm

NEW YORK: A Manhattan federal judge said that investors may pursue a lawsuit accusing 12 major banks of violating antitrust law by fixing...

FairPoint unions to expand strike 07 Sep 2014 - 09:45 pm

PORTLAND, Maine: Leaders of two unions representing more than 1,700 FairPoint Communications workers in Maine, New Hampshire and Vermont say they’re going after...

Volkswagen to invest €1bn euros in Thai plant: Report 07 Sep 2014 - 09:45 pm

FRANKFURT: Volkswagen plans to invest ¤1bn (0.80bn) to build a new manufacturing plant to produce fuel efficient cars in Thailand, a German magazine...

Greek premier announces cuts to crisis-era tax 06 Sep 2014 - 11:38 pm

Greek Prime Minister Antonis Samaras speaking at the annual Thessaloniki International Fair (TIF) in Thessaloniki yesterday. ATHENS: Greek Prime Minister Antonis Samaras yesterday...

Weaker EM capital flows hint at vulnerabilities 06 Sep 2014 - 11:37 pm

Doha: Portfolio flows to emerging markets (EMs) slowed sharply in August, based on estimates from the Institute of International Finance (IIF). Net EM...