Business

US F-35 jet to miss date at Farnborough 14 Jul 2014 - 01:56 am

LONDON: The new US-built F-35 stealth fighter jet will not appear as planned at Britain’s Farnborough air show today but may still take...

For high networth, growing business dominant goal in the Middle East 14 Jul 2014 - 01:55 am

DOHA: Standard Chartered Private Bank, in partnership with Campden Wealth Research, yesterday launched “Business Before wealth”, a report on the wealth management needs...

US trading probe builds pressure on Barclays boss 14 Jul 2014 - 12:33 am

LONDON: Barclays boss Antony Jenkins faces one of the biggest tests of his leadership this month when he decides whether the bank, Britain’s...

LG handset sales to top $3.9bn 14 Jul 2014 - 12:32 am

Seoul: South Korea’s No. 2 tech giant LG Electronics Inc is expected to see the combined sales of its handsets surpass 4 trillion...

UK seeks job assurances in foreign takeovers 14 Jul 2014 - 12:32 am

LONDON: Britain is to set out proposals to force foreign buyers of key UK companies to make binding commitments to secure jobs and...

India goes slow on big bang reform 14 Jul 2014 - 12:32 am

NEW DELHI: The maiden budget from India’s new right-wing government has promised a return to high growth — but disappointed some who hoped...

US Fed closer to tightening policy 14 Jul 2014 - 12:31 am

New York: A top US central banker said the Federal Reserve may be “closer than a lot of people think” to raising interest...

Libyan protesters shut down Brega oil port 14 Jul 2014 - 12:31 am

TRIPOLI: Protesters have shut down the eastern Libyan oil port Brega, state firm National Oil Corp (NOC) said, days after the government celebrated...

Barrick Gold, Ma’aden deal on Saudi copper asset 14 Jul 2014 - 12:31 am

TORONTO: Barrick Gold said yesterday it is forming a joint venture with Saudi Arabian Mining Co (Ma’aden) to run its Jabal Sayid copper...

Al Rajhi Bank records dip in Q2 net profit 14 Jul 2014 - 12:30 am

DUBAI: Al Rajhi Bank posted a fourth successive quarterly profit decline as its second-quarter earnings fell 8.2 percent year-on-year, with Saudi Arabia’s largest...

Swiss chocolate maker Lindt to buy Russell 14 Jul 2014 - 12:30 am

WASHINGTON: Swiss-based chocolate maker Lindt & Spruengli is in advanced discussions to acquire family-owned US candy business Russell Stover, and the two companies...

Bank Dhofar net profit up 23pc 14 Jul 2014 - 12:24 am

DUBAI: Bank Dhofar, currently in talks to merge with smaller rival Bank Sohar, met analysts’ expectations as it posted a 23 percent rise...

Charting a path towards post-crisis normalisation 13 Jul 2014 - 11:37 pm

Investors shift focus this coming week from trouble spots such as Portugal’s biggest listed bank to a marathon testimony by the US Fed...

Mena needs subsidy reform for growth: QNB 13 Jul 2014 - 07:10 am

Doha: Global spending on energy subsidies totalled $492bn in 2011. Middle East and North Africa (Mena) countries alone accounted for nearly half of...

JBOG to save 600,000 tonnes of LNG a year 13 Jul 2014 - 07:09 am

The facility of the Qatar Petroleum. DOHA: As part of its efforts to meet the world’s growing demand for clean energy as well...

Canada unemployment rate rises 13 Jul 2014 - 07:08 am

People wait in line for resume critique and career assessment sessions at a job fair in Toronto. Canada unexpectedly shed 9,400 jobs in...

Toyota Avanza redefines compact MPV segment 13 Jul 2014 - 07:08 am

Doha: The launch of the Toyota Avanza in the Middle East marks the entry of a supremely practical vehicle set to redefine the...

No deal yet on Argentina debt talks 13 Jul 2014 - 07:07 am

Argentina’s Economy Minister Axel Kicillof (left) with Planning Minister Julio de Vido at the Casa Rosada presidential palace in Buenos Aires yesterday. NEW...