Business

US sanctions break WTO rules: Russia 27 Jul 2014 - 02:13 am

GENEVA: The latest US sanctions against Russia violate World Trade Organization rules and may force Moscow into a destabilising trade dispute, Russia’s ambassador...

General Motors may put Brazil workers on paid leave: Union 27 Jul 2014 - 02:13 am

SAO PAULO: General Motors Co wants to put nearly a fifth of its workers at a factory in Brazil on paid leave, an...

Carillion in merger talks with Balfour Beatty 27 Jul 2014 - 02:12 am

LONDON: British construction company Carillion is in talks with Balfour Beatty on a possible merger that would create a £3bn ($5.1bn) group with...

UN aviation body to meet IATA 27 Jul 2014 - 02:12 am

MONTREAL: The UN civil aviation agency will hold a broad international meeting next week to discuss airline safety in the industry’s most coordinated...

Indonesia’s economic turnaround seen: QNB Group 27 Jul 2014 - 02:11 am

DOHA: Joko Widodo (better known as Jokowi) and his vice-presidential candidate, Jusuf Kalla, won Indonesia’s presidential elections on July 22. The pair are...

Malabar Gold gets retail chain award 27 Jul 2014 - 12:38 am

Malabar Group Chairman M P Ahammed (second right) after receiving the ‘Regional Retail Chain of the year award- 2014’ for Malabar Gold &...

Air France surprises with recovery 27 Jul 2014 - 12:38 am

FROM LEFT: Air France-KLM Chief Financial Officer Pierre-Francois Riolacci, Air France CEO Frederic Gagey, Air France-KLM CEO Alexandre de Juniac and Dutch airline...

Argentine default looms as talks fail 27 Jul 2014 - 12:37 am

Argentinian Minister of Economy Axel Kicillof (left) and Argentinian Foreign Minister Hector Timmerman during the inauguration of the Council of Ministers of Bank...

Freeport set to resume Indonesian copper exports 27 Jul 2014 - 12:34 am

JAKARTA: Freeport-McMoRan Inc clinched a deal with the Indonesian government allowing the miner to resume copper concentrate exports from the country, effectively ending...

IMF in talks with Ukraine leaders on bailout plan 27 Jul 2014 - 12:34 am

WASHINGTON: International Monetary Fund chief Christine Lagarde held discussions with Ukraine’s leaders about the impact of recent political turmoil on the nascent IMF...

Germany to reject EU-Canada trade deal 27 Jul 2014 - 12:33 am

BERLIN: Germany is to reject a multi-billion free trade deal between the European Union and Canada which is widely seen as a template...

Fox may sell CNN if it buys Time Warner 27 Jul 2014 - 12:11 am

Rupert Murdoch, Twenty-First Century Fox Inc CEO (left), and his son James Murdoch at a media conference in Sun Valley recently. NEW YORK:...

Dassault Aviation reports lower sales 27 Jul 2014 - 12:10 am

FROM LEFT: Dassault Systemes Chairman Charles Edelstenne, Dassault Aviation Chief Operating Officer Loïk Segalen, French UMP political party member and Chairman and CEO...

Fox open to giving Time Warner board seats 27 Jul 2014 - 12:09 am

WASHINGTON: Rupert Murdoch’s 21st Century Fox is open to giving Time Warner Inc shareholders seats on the new company’s board if its takeover...

One percent control a third of China’s wealth 27 Jul 2014 - 12:09 am

BEIJING: The top one percent of households in Communist-ruled China control more than one third of the country’s wealth, while the bottom 25...

Japanese PM opens LatAm tour with Mexico energy deals 27 Jul 2014 - 12:08 am

MEXICO CITY: Japanese Prime Minister Shinzo Abe struck a series of energy deals on Friday with Mexican President Enrique Pena Nieto at the...

Dubai’s Arabtec former CEO trims stake 27 Jul 2014 - 12:07 am

DUBAI: Dubai construction company Arabtec’s former boss has sold about $4m worth of shares in the group this week, cutting his stake slightly,...

UK economy grows to above pre-crisis level 26 Jul 2014 - 12:59 am

LONDON: Britain’s economy grew strongly in the second quarter, overtaking the size it achieved before the global financial crisis, data showed yesterday in...