Business

Saudi proposes Opec meets even less often: Delegates 14 Jun 2014 - 03:07 am

LONDON: Saudi Arabia has suggested Opec meet just once a year, rather than twice, a sharp reduction from the days when the group...

Britain unveils measures to tackle rising house prices 14 Jun 2014 - 03:06 am

LONDON: Britain’s finance minister George Osborne has unveiled measures aimed at curbing London’s surging house price inflation, as the Bank of England stands...

Oil rises above $113 on Iraq unrest 14 Jun 2014 - 03:04 am

LONDON: Brent crude edged further above $113 a barrel yesterday, up about $4 since the start of the week, on concerns that an...

OECD sees US growth accelerating 14 Jun 2014 - 03:04 am

WASHINGTON: The US economic recovery should accelerate in coming months as an energy boom, steadily falling unemployment and a rebound in investment push...

Wage deal to end South African platinum strike soon: AMCU 14 Jun 2014 - 03:03 am

JOHANNESBURG: The leader of South Africa’s AMCU union said yesterday a wage deal with the top three platinum producers was imminent, signalling a...

German inflation hits four-year low 14 Jun 2014 - 03:03 am

FRANKFURT: Inflation hit a four-year low in Germany and was weak in Spain and Italy as well, data showed yesterday, a week after...

IMF urges Sweden to cool down real estate market 14 Jun 2014 - 03:02 am

STOCKHOLM: The International Monetary Fund yesterday urged Sweden to cool its booming real estate market, which is causing a high level of household...

Toy trade show in Tokyo 13 Jun 2014 - 09:20 am

A Toyota Motor Corp’s Ractis vehicle (right) designed on Pokemon series character and a Pikachu-designed Porte vehicle on display at the International Tokyo...

Narayana Murthy logs out of Infosys 13 Jun 2014 - 09:17 am

Infosys’ newly appointed CEO Vishal Sikka speaks during a news conference at company’s headquarters in Bangalore yesterday. MUMBAI: Indian outsourcing giant Infosys announced...

Japanese firms to supply Boeing parts 13 Jun 2014 - 09:16 am

Boeing Commercial Airplanes CEO Ray Conner (right) with Mitsubishi Heavy Industries Chairman and Japan Aircraft Development Corporation Chairman Hideaki Omiya next to models...

Opec facing dark clouds on supply horizon 13 Jun 2014 - 09:15 am

VIENNA: Opec faces a period of static oil prices as traders track supply-side uncertainties surrounding Iraq, Iran and Libya, as well as Ukraine,...

QE index dips 1.91pc last week 13 Jun 2014 - 09:14 am

DOHA: Qatar Exchange (QE) index lost 253.20 points, or 1.91 percent, last week when it closed trading at 12,978.86 points yesterday. The trading...

Intel loses case against EU fine 13 Jun 2014 - 09:14 am

LUXEMBOURG: US chipmaker Intel lost yesterday its challenge against a record €1.06bn European Union fine handed down five years ago, as Europe’s second...

Jordan mulls first sukuk offering 13 Jun 2014 - 09:14 am

AMMAN/SYDNEY: Jordan’s government is studying a proposal to issue its first Islamic bond but pressure to cut public debt and a preference for...

India industrial output jumps beating forecasts 13 Jun 2014 - 09:13 am

NEW DELHI: India’s industrial production jumped in April, beating market forecasts in another positive sign for new Prime Minister Narendra Modi who has...

AirAsia flies into Indian skies 13 Jun 2014 - 09:13 am

BANGALORE: Asia’s biggest budget carrier AirAsia launched its debut flight in India yesterday, fuelling a cut-throat fare war in a sector already reeling...

Egypt’s gas production to rise by December 13 Jun 2014 - 09:12 am

CAIRO: Egypt’s oil minister said that natural gas production would increase by 500 million cubic feet daily by December, when several gas fields...

Al Hilal Bank eyes sukuk issue 13 Jun 2014 - 09:12 am

DUBAI: Abu Dhabi government-owned Al Hilal Bank may sell a benchmark-sized Tier 1 capital-boosting sukuk after announcing plans to meet fixed income investors,...