Business

GE set to boost Alstom bid, rivalling Siemens, Mitsubishi 19 Jun 2014 - 10:24 am

PARIS: General Electric is set to make an improved offer for parts of French power-to-rail group Alstom by the end of the week,...

India Inc picks women relatives to meet quotas 19 Jun 2014 - 10:23 am

Reliance Industries Chairman Mukesh Ambani (left) with his wife Nita at the company’s annual shareholders’ meeting in Mumbai yesterday. MUMBAI: Confronted by a...

Volvo eyes China as export hub 19 Jun 2014 - 10:22 am

A model poses with a Volvo concept car at Auto China 2014 in Beijing. Sweden’s Volvo Car Corp, with a help from its...

Economic roundtable in London 19 Jun 2014 - 10:21 am

Britain’s Prime Minister David Cameron (fourth right), Chinese Premier Li Keqiang (third right), Chancellor of the Exchequer George Osborne (second right), IMF Managing...

Airline fares highest in 15 years 19 Jun 2014 - 10:20 am

Passengers check in for their flights at O’Hare International Airport yesterday in Chicago. US consumer prices increased in May by the largest amount...

Qatar top contributor to Kuwait FDI 19 Jun 2014 - 10:18 am

DOHA: With contributing a massive 65.6 percent of Kuwait’s total foreign direct investment (FDI) inflow into Kuwait, Qatar ranks top among all other...

Qatari tourists visiting Turkey up 19 Jun 2014 - 10:17 am

Doha: Turkey remains one of the most popular holiday destinations for Qataris as number of Qataris visiting Turkey increased by 46 percent during...

Reliance announces $30bn investment drive 19 Jun 2014 - 10:16 am

MUMBAI: India’s largest private company, Reliance Industries, said yesterday it will invest $30bn over three years to finish projects across its sprawling businesses....

Fed monthly asset purchase cut by $10bn 19 Jun 2014 - 10:16 am

WASHINGTON: The Federal Reserve yesterday slashed its forecast for US economic growth this year but expressed confidence the recovery was largely on track...

World’s millionaires growing, and getting richer 19 Jun 2014 - 10:15 am

New York: The number of millionaires worldwide grew by nearly 2 million last year and the group grew nearly 14 percent richer, boosted...

QNB launches leadership development programme 19 Jun 2014 - 10:15 am

Doha: QNB in collaboration with Franklin Covey launched a specialised development programme entitled “The QNB Group Leadership Development Programme (LDP)” for Senior Management...

Egypt reaches first deal to revise gas prices with foreign company 19 Jun 2014 - 10:15 am

CAIRO: Egypt has agreed to revise the price it pays to buy natural gas to be extracted by German oil and gas group...

Data sharing deal with US referred to EU court 19 Jun 2014 - 10:14 am

DUBLIN: Ireland’s High Court yesterday asked the European Court of Justice (ECJ) to review a European Union-US data protection agreement in light of...

Russia cuts collateral for US firms 19 Jun 2014 - 10:14 am

MOSCOW: Russia moved to prevent the US payment card firms Mastercard and Visa quitting Russia by pledging to reduce the size of the...

SocGen ends $311m Malaysia roadshow 19 Jun 2014 - 10:14 am

KUALA LUMPUR: Societe Generale (SocGen) has concluded the marketing roadshow for its 1bn ringgit ($311m) sale of Islamic bonds in Malaysia and will...

Pakistan to auction local-currency sukuk 19 Jun 2014 - 10:13 am

Islamabad: Pakistan’s central bank will auction a three-year local currency sukuk, or Islamic bond, more than a year after it last issued such...

SunTrust Banks pays nearly $1bn for loan abuse 19 Jun 2014 - 10:13 am

WASHINGTON: SunTrust Banks agreed to pay $968m to settle US charges, rooted in the 2008 financial crisis, that it mislabeled huge numbers of...

Vodafone Qatar revenue grows by 30pc 19 Jun 2014 - 04:41 am

Vodafone Qatar’s Chairman Sheikh Dr Khalid bin Thani Al Thani (centre) with other officials at the General Assembly. DOHA: Vodafone Qatar recorded a...