Business

ING beats profit forecasts 10 Aug 2014 - 11:26 pm

International banking and insurance company ING CEO Rik Vandenberghe (left) and ING CFO Guy Beniada at the ING headquarters in Brussels. ING beats...

Tribunal gives Dana Gas favourable ruling on Iran supply deal 10 Aug 2014 - 11:25 pm

DUBAI: United Arab Emirates-based energy firm Dana Gas said an international tribunal had issued a favourable ruling in the dispute over a natural...

China builds Mediterranean power network 10 Aug 2014 - 11:24 pm

PARIS/HONG KONG/MILAN: The European Commission has long wanted the continent’s power grids to work in unison for reasons of efficiency and supply security,...

Jindals close to buying Italy’s Lucchini 10 Aug 2014 - 11:24 pm

SAN ROSSORE: A company run by India’s billionaire Jindal family is close to finalising a deal to buy insolvent Italian steelmaker Lucchini, Italy’s...

South Korea’s ranking in wireless Net penetration dips 10 Aug 2014 - 11:24 pm

Seoul: South Korea saw its global ranking in the high-speed wireless Internet penetration rate drop one notch in December last year from six...

Argentina to stimulate economic activity 10 Aug 2014 - 11:23 pm

Argentinian President Cristina Fernandez de Kirchner (centre), Cabinet Chief Jorge Capitanich (left) and Economy Minister Axel Kiciloff, participating during an event in Buenos...

Slim gets humanitarian award 10 Aug 2014 - 11:23 pm

Mexican business tycoon Carlos Slim (centre) looks on after his arrival at the Starlite Charity Gala in Marbella, near Malaga, southern Spain. Slim...

KIPCO rejects $3.2bn offer for OSN 10 Aug 2014 - 11:22 pm

DUBAI: Kuwait Projects Company (KIPCO) has rejected a $3.2bn takeover offer from a US private equity firm for its pay-television subsidiary OSN, the...

Chinese regulators investigating Wal-Mart store 10 Aug 2014 - 11:22 pm

SHANGHAI: Chinese regulators are investigating a Wal-Mart store in the southern city of Shenzhen for food safety violations, the official Xinhua news service...

Egypt’s consumer inflation up 10.6pc 10 Aug 2014 - 11:21 pm

CAIRO: Egypt’s annual urban consumer inflation jumped to 10.6 percent in July from 8.2 percent in June, the official statistics agency CAPMAS said...

Protest against BES move 10 Aug 2014 - 10:40 pm

Protesters hold up signs during a demonstration at Portuguese bank Banco Espirito Santo’s (BES) headquarters office in downtown Lisbon. Portugal will promote a...

India on course for inflation targets 10 Aug 2014 - 10:39 pm

RBI Governor Raghuram Rajan and Finance Minister Arun Jaitley (left) at a RBI meeting in New Delhi yesterday. NEW DELHI: India’s central bank...

India probes bank loan to Kingfisher 10 Aug 2014 - 10:38 pm

NEW DELHI: India’s top crime fighting body is investigating a $155m loan by a state-run bank to debt-ridden Kingfisher Airlines, a police official...

Traders brace for research crackdown as money dries up 10 Aug 2014 - 10:38 pm

LONDON: Regulatory pressure to undo the traditional way brokers sell research alongside share dealing is alarming traders in Europe, who fear a further...

Australia cuts GDP forecasts 10 Aug 2014 - 10:38 pm

SYDNEY: Australia’s central bank cut its growth forecasts as it reinforced a “period of stability” in interest rates and highlighted the challenges the...

Kuwaiti Agility posts KD12.9m profits in Q2 10 Aug 2014 - 10:38 pm

Kuwait City: Kuwaiti Agility company has realised a net profit of KD12.9m ($45.58m) in the second quarter of 2014, marking a rise of...

GM loses bid to throw out ignition suit 10 Aug 2014 - 10:34 pm

A man walks past a row of General Motors vehicles at a dealership in Detroit. MARIETTA: General Motors failed to convince a Georgia...

China posts record trade surplus 10 Aug 2014 - 10:33 pm

Customers select drinks at a supermarket in Handan, China’s Hebei province. BEIJING: China’s buoyant exports pushed its trade surplus to a record in...