Business

Venezuelan auto industry in free fall amid economic woes 10 Aug 2014 - 10:32 pm

VALENCIA: Though it is the middle of the work day, the Jeep assembly plant in the central Venezuelan city of Valencia is empty,...

China’s inflation up 2.3 percent in July 10 Aug 2014 - 10:32 pm

BEIJING: China’s annual inflation rose 2.3 percent in July, official data showed on Saturday, remaining stable and allowing authorities space to further stimulate...

Outsourcing boom boosts struggling Bulgaria 10 Aug 2014 - 10:32 pm

SOFIA: Excellent IT and language skills have helped Bulgaria’s outsourcing sector boom, raising hopes that it could prop up the badly stagnating economy...

Balfour Beatty, Carillion resume merger talks 10 Aug 2014 - 10:32 pm

LONDON: British infrastructure company Balfour Beatty and construction firm Carillion have resumed talks on a possible £3bn ($5bn) merger deal, the Sunday Times...

Doha Bank head gets ‘Best Banking Chairman’ award 09 Aug 2014 - 11:02 pm

DOHA: Sheikh Fahad bin Mohammad bin Jabor Al Thani (pictured), Chairman of Doha Bank Board of Directors has been honored with the “Best...

Global economy outlook remains uneven: QNB 09 Aug 2014 - 11:01 pm

Doha: The global economy continues to stumble along, says the weekly report by the QNB Group. According to the latest IMF World Economic...

Boeing 787 output hiccups re-emerge at assembly sites 09 Aug 2014 - 11:00 pm

A 747 Dreamlifter, used to fly large 787 components from suppliers to Boeing factories, at Everett, Washington. NEW YORK: Boeing has pushed some...

Etihad set to invest $751m for Alitalia buy 09 Aug 2014 - 11:00 pm

An Etihad flight attendant (left) with an Alitalia flight attendant in Rome. ROME: Abu Dhabi-based Etihad Airways will buy almost half of Alitalia...

Bulgaria’s outsourcing sector to boom 09 Aug 2014 - 10:58 pm

Employees work in a call centre in Bulgaria’s capital Sofia. Excellent IT and language skills have enabled Bulgaria’s outsourcing sector to boom, raising...

Court threatens Argentina with contempt 09 Aug 2014 - 10:57 pm

Demonstrators beat drums near US flags and a mock vulture during a protest against layoffs at US automotive supplier Lear in front of...

Hachette Book Group drops plan to buy Perseus 09 Aug 2014 - 10:57 pm

New York: US publisher Hachette Book Group, owned by France’s Lagardere SCA, has dropped its plan to buy unlisted Perseus Books Group, the...

IMF to help Ghana address economic issues 09 Aug 2014 - 10:56 pm

ACCRA: The International Monetary Fund (IMF) will help Ghana address its current economic challenges, following a formal request by the West African country...

Poland asks US to import apples banned by Russia 09 Aug 2014 - 10:56 pm

WARSAW: Poland has asked the United States to open its market quickly to Polish apples banned by Russia in a sanctions war over...

Dividend payers attractive again as bond yields fall 09 Aug 2014 - 10:55 pm

NEW YORK: Investors once again are snapping up high-dividend-paying US stocks as Treasury yields fall, which should keep utilities and telecom stocks near...

QIB’s exclusivity deal with Bank Asya terminated 09 Aug 2014 - 10:54 pm

DOHA: Qatar Islamic Bank (QIB), Qatar’s leading Islamic bank, yesterday confirmed that the exclusivity agreement relating to discussions to acquire a strategic stake...

Mannai Corp H1 net profit up by 31.5pc 09 Aug 2014 - 10:54 pm

DOHA: Mannai Corporation recorded a net profit of QR315.1m for the first half of 2014 (H1, 14), up 31.5 percent compared to QR239.7m...

Japan firms cut car parts prices in China after monopoly probe 09 Aug 2014 - 10:52 pm

SHANGHAI: Japan’s Toyota, Honda and Nissan became the latest foreign carmakers to respond to China’s anti-monopoly investigation into the auto industry, as the...

VW recalls 189,490 SUVs in North America 09 Aug 2014 - 10:52 pm

DETROIT: Volkswagen AG said yesterday it is recalling 189,490 Tiguan small sport utility vehicles in North America for potential stalling issues. The German...