Business

Vietnam economy grows by 5.18pc 27 Jun 2014 - 10:08 pm

A new model Ford EcoSport SUV car for sale, is driven on to a truck during its launch ceremony at automaker Ford Vietnam’s...

Tunisia lifts grain harvest estimate 27 Jun 2014 - 10:07 pm

Tunisia’s Agriculture Minister Lassaad Lachaal (centre) speaks during a news conference in Tunis yesterday. Tunisia lifted estimates of the grain harvest this season...

North Korea’s economy grows in face of sanctions 27 Jun 2014 - 10:06 pm

SEOUL: North Korea’s closed economy rose last year at a slightly slower pace compared to 2013, South Korea’s central bank data showed yesterday,...

Oil flat after easing supply worries drove big drop 27 Jun 2014 - 10:06 pm

NEW YORK: Brent crude oil was little changed in choppy trading yesterday as investors moved to square positions after Brent posted one of...

Air bag accident, lawsuit led to GM Cruze recall 27 Jun 2014 - 10:06 pm

DETROIT/NEW YORK: An accident that left a Georgia woman blind in one eye and a subsequent lawsuit led to General Motors Co’s recall...

BNP plans dividend cut as US settlement nears 27 Jun 2014 - 10:05 pm

PARIS: BNP Paribas plans to slash its dividend and raise funds by selling billions of euros of bonds next week, as it nears...

ECB to regulate units of two Russian banks 27 Jun 2014 - 10:05 pm

FRANKFURT: The European Central Bank will supervise and run health checks on the Austrian arms of Russia’s two largest banks, giving officials in...

Rio Tinto, Acron JV pushes ahead with Canadian potash project 27 Jun 2014 - 10:04 pm

LONDON/BANGALORE: Global mining company Rio Tinto and Russian fertiliser producer Acron OAO are moving ahead with the development of the Albany potash prospect...

Tesco board under fire at annual meeting 27 Jun 2014 - 10:03 pm

LONDON: Shareholders at Tesco’s annual meeting berated the British retailer’s board yesterday for the low share price, poor results and questioned whether the...

Portugal achieves huge reduction in budget deficit 27 Jun 2014 - 10:01 pm

LISBON: Portugal, which has just emerged from a bailout programme, nearly halved its budget deficit in the first quarter of the year relative...

QE index plunges, closes below 12,000 26 Jun 2014 - 11:33 pm

By Satish Kanady DOHA: Qatar stocks closed sharply lower yesterday as the main index fell 2.35 percent, edging down the psychological 12,000 mark...

BoE to act tough, caps some home loans 26 Jun 2014 - 11:32 pm

FROM LEFT: Bank of England officials Spencer Dale, Governor Mark Carney, Jon Cunliffe and Andrew Bailey arrive to deliver the Bank of England...

South Korea to fine Hyundai 26 Jun 2014 - 11:31 pm

Hyundai Motor’s Santa Fe vehicles in Incheon, west of Seoul. South Korea’s transport ministry yesterday said it plans to fine Hyundai Motor an...

IKEA moves closer to cities 26 Jun 2014 - 11:30 pm

An employee in IKEA’s first city centre store in German port city of Hamburg yesterday. Sweden’s IKEA, the world’s biggest furniture chain known...

GoPro enters Nasdaq 26 Jun 2014 - 11:29 pm

GoPro Inc Founder and CEO Nick Woodman celebrates the company’s IPO as he rings the opening bell at the Nasdaq Market Site in...

GM’s Cruze faces air bag problem 26 Jun 2014 - 11:25 pm

DETROIT: General Motors Co told its North American dealers not to sell an inventory of about 33,000 new and used Chevrolet Cruze sedans...

High-risk assets top on investment mix 26 Jun 2014 - 11:25 pm

DOHA: With limited volumes of traditional investment options such as fixed-income bonds and sukuk, insurers in the GCC economies, including Qatar, continue to...

Qatar’s office rental market sees uptick 26 Jun 2014 - 11:25 pm

DOHA: Qatar’s office rentals witnessed higher rates across locations during the first quarter of 2014. Within the residential market, the rental rates increased...