Business

Chinese economy up 29 Jul 2014 - 12:15 am

People walk past a real estate advertisement poster in Beijing yesterday. The Chinese economy performed reasonably well in the first half of 2014...

Protest against Cyprus bank move 29 Jul 2014 - 12:15 am

Employees of the local branch of FBME protest following the Central Bank of Cyprus’ decision to place the local bank branch under its...

As US kicks off crude exports, Iran casts a shadow in Asia 29 Jul 2014 - 12:13 am

SINGAPORE: The United States faces an awkward rival in its first attempts in 40 years to export crude oil — Iran. Iran, whose...

Largest coal mine in Australia gets go-ahead 29 Jul 2014 - 12:13 am

SYDNEY: The Australian environment minister, Greg Hunt, has approved a $16.5bn resources project that will lead to the creation of the largest coal...

Lloyds fined $370m for rigging Libor rates 29 Jul 2014 - 12:12 am

LONDON/WASHINGTON: Britain’s Lloyds Banking Group has agreed to pay fines totalling $370m to US and British authorities investigating its part in a global...

Qatar, Turkey in talks to develop gas receiving station 29 Jul 2014 - 12:12 am

DOHA: Turkey is in talks with Qatar to develop a ‘gas receiving station’ in Turkey. The facility is aimed to receive gas imported...

Microsoft under antitrust probe in China 29 Jul 2014 - 12:11 am

NEW YORK: Microsoft said yesterday it was under investigation by antitrust authorities in China, pledging to cooperate in the investigation. “We aim to...

Japan inflation eases 28 Jul 2014 - 12:52 am

A woman walks past a store window advertising a sale at a shopping district in Tokyo. Japan’s core consumer inflation eased slightly in...

Rosneft income up 28 Jul 2014 - 12:51 am

A general view shows the Achinsk oil refining factory, owned by the Rosneft company, outside the town of Achinsk, some 188 km west...

Qatar stocks decline ahead of long holidays 28 Jul 2014 - 12:47 am

DOHA: Qatar bourse’s main index declined 0.58 percent yesterday before the market closed for four-day Eid Al Fitr holidays. After long holiday weekend,...

Qatar state spending up 12.7pc last fiscal 28 Jul 2014 - 12:46 am

DUBAI: Qatar’s state spending increased 12.7 percent last fiscal year, the lowest rate in 11 years, as slow growth in current expenditure offset...

iPhone 6 sapphire screens to be made with solar power 28 Jul 2014 - 12:46 am

An iPhone 5 Arizona: After converting all of its data centres to clean energy, it is understood that Apple is poised to use...

Non-energy projects propel GCC development 28 Jul 2014 - 12:44 am

Doha: GCC countries have grown strongly in recent years. High hydrocarbon prices and increased oil and gas production in some countries have boosted...

Audi cuts spare-part prices in China amid anti-monopoly probe 28 Jul 2014 - 12:43 am

Audi cars at a shipping terminal in the harbour of Bremerhaven. SHANGHAI/BEIJING: Volkswagen AG’s premium brand Audi said it would cut spare-part prices...

China bad loans rise 28 Jul 2014 - 12:41 am

A worker cleans models of apartments at a showroom in Kunming, Yunnan province, yesterday. Chinese banks’ bad loan ratio rose to 1.08 percent...

Former Yukos investors expect multi-billion payout in landmark case 28 Jul 2014 - 12:40 am

Moscow: Investors in the former Russian oil company Yukos expect to receive a multi-billion pound financial settlement today in a landmark case that...

China’s H1 industrial profit jumps 11.4pc 28 Jul 2014 - 12:40 am

Beijing: Chinese industrial businesses saw their profits rise by 11.4 percent year on year in the first half of this year, official data...

ECB backs call for higher German wages 28 Jul 2014 - 12:39 am

BERLIN: The European Central Bank supports Germany’s Bundesbank in its appeals for higher wage deals in Germany, Der Spiegel magazine quoted ECB Chief...