Business

BMW reveals $1bn Mexican plant investment 06 Jul 2014 - 01:22 am

A BMW car is seen inside a BMW car dealership in Mexico City. The luxury car maker revealed a $1bn Mexican plant investment,...

Japan is second largest car exporter to US 06 Jul 2014 - 01:19 am

Cars and other vehicles ready for export on the docks at a port in Yokohama city in Japan yesterday. Japan is the second...

Sharp mulls exiting European home appliances 06 Jul 2014 - 01:13 am

TOKYO: Sharp Corp is in talks over licensing Taiwanese and Turkish firms to make and sell its home appliances in Europe, a source...

Airbus unsure of A330neo’s launch at Farnborough airshow 06 Jul 2014 - 01:12 am

AIX-EN-PROVENCE: Airbus Group has not decided whether it will launch its proposed A330neo jet at this month’s Farnborough Airshow but is confident about...

Ethiopia expanding zones to become industrial hub 06 Jul 2014 - 01:12 am

ADDIS ABABA: Ethiopia will start setting up a new industrial park in September and will expand another at a total cost of $250m,...

Total calls for bigger euro role in oil payments 06 Jul 2014 - 01:11 am

AIX-EN-PROVENCE: Oil major Total’s chief executive said yesterday the euro should have a bigger role in international trade although it was not possible...

Ottawa trade talks key to TPP plans: Japan 06 Jul 2014 - 01:11 am

OTTAWA: Current trade talks in Ottawa between Japan, the United States and 10 other Pacific rim countries are key to advancing the planned...

Bitcoin pioneer calls for EU regulatory guidance 06 Jul 2014 - 01:10 am

BRUSSELS: Europe should update its laws to reflect the rise of digital currencies, the head of a bitcoin start-up said, after a successful...

Qatar’s growth momentum to pick up further: QNB 06 Jul 2014 - 12:45 am

DOHA: Qatar’s real GDP growth will continue to pick up during 2014 and in 2015-16, the growth is expected to rise to an...

Italy attacks Bundesbank over risks to eurozone 06 Jul 2014 - 12:43 am

London: Matteo Renzi, the Italian prime minister, launched a scathing attack on Germany’s powerful central bank yesterday, telling it to stop meddling in...

Apple poaches another luxury executive for iWatch 06 Jul 2014 - 12:43 am

PARIS: Apple has poached a senior executive from Swiss luxury watch brand Tag Heuer, which could be to help it with the launch...

Call for capital markets union in EU 06 Jul 2014 - 12:43 am

TEHRAN: A US company has signed a preliminary agreement to invest $1.18bn (€864m) in Iran, in a rare joint commercial project to turn...

Mexico moves closer to new telecoms laws 06 Jul 2014 - 12:36 am

MEXICO CITY: Mexico’s Senate gave its general approval to legislation needed to implement a reform of the phone and TV markets that seeks...

Argentina gets set for debt talks by calling US judge biased 06 Jul 2014 - 12:35 am

BUENOS AIRES: Argentina accused a US judge of being biased in favour of hedge funds that have sued the South American country for...

South African strike hits GM, business as usual at Toyota 06 Jul 2014 - 12:34 am

JOHANNESBURG/CAPE TOWN: General Motors suspended production at its main South African plant after a strike hit parts supplies, the US automaker said on...

Dubai plans to build world’s biggest mall 06 Jul 2014 - 12:34 am

DUBAI: Dubai is launching a project to build an entertainment and hotel district that will include the world’s largest shopping mall, the emirate’s...

Deflation risk has been avoided: ECB 06 Jul 2014 - 12:33 am

AIX-EN-PROVENCE: European Central Bank (ECB) policymaker Christian Noyer said yesterday it seemed that the risk of deflation had been avoided in euro currency...

Measures will push inflation up: ECB 05 Jul 2014 - 06:10 am

ECB President Mario Draghi (right) and Vice-President Vitor Constancio at the monthly news conference in Frankfurt. FRANKFURT: A raft of policy measures introduced...