Business

Air New Zealand to place new Airbus order 01 Jun 2014 - 01:13 am

DOHA: Air New Zealand is close to placing an order for around a dozen A320-family aircraft worth well over $1bn at list prices...

Intel TV creator leaves Verizon months after deal 01 Jun 2014 - 01:12 am

SAN FRANCISCO/NEW YORK: Erik Huggers is leaving Verizon Communications Inc just five months after joining the company via the acquisition of the Intel...

Infoblox shares dip 41pc 01 Jun 2014 - 01:12 am

New York: Shares of Infoblox Inc slumped 41 percent to their life low on Friday, a day after the network equipment maker warned...

Bank of Cyprus posts first profit since 2012 Q1 01 Jun 2014 - 01:12 am

NICOSIA: Bank of Cyprus, the island’s largest lender, announced Friday it had made a €31m net profit in the first quarter after seven...

Capital concerns hit BNP Paribas on report of $10bn US fine 31 May 2014 - 01:34 am

The logo of BNP Paribas is seen on the bank’s building in Paris yesterday. PARIS/LONDON: Fears that a looming US fine on BNP...

Asian LNG spot prices drop on low demand 31 May 2014 - 01:33 am

SINGAPORE: Asian spot liquefied natural gas (LNG) prices continued to slide this week with buyers in no rush to chase cargoes ahead of...

Opec oil output rises in May 31 May 2014 - 01:33 am

LONDON: Opec’s oil output has risen to a three-month high in May, a Reuters survey found yesterday, as increased supplies from Angola and...

India economy looks to Modi for rebound 31 May 2014 - 01:25 am

A farmer sits on a trolley loaded with melons as he waits for customers at a fruit and vegetable market in the northern...

TPAO signs $1.5bn deal for Azeri stake 31 May 2014 - 01:24 am

Turkey’s Energy Minister Taner Yildiz (left) exchanging documents with his Azeri counterpart Natik Aliyev during a signing ceremony in Istanbul yesterday. ISTANBUL: Turkey’s...

IMF to double funding for Bosnia over flooding 31 May 2014 - 01:23 am

SARAJEVO: The International Monetary Fund is ready to double funding for Bosnia under its standby loan deal to help it cope with the...

easyJet chief McCall settles in for the long haul 31 May 2014 - 01:22 am

LONDON: When Carolyn McCall took the top job at Britain’s easyJet, the abrasive boss of rival low-cost airline Ryanair attempted to write her...

Dollar sinks in Asia on low US bond yields 31 May 2014 - 01:17 am

TOKYO: The dollar fell further in Asia yesterday with investors discouraged by low yields on US bonds and caution ahead of market-moving events...

Siemens says up to 11,600 jobs at risk in restructuring 31 May 2014 - 01:17 am

MUNICH: The chief executive of German conglomerate Siemens said up to 11,600 jobs could be at risk in a restructuring plan he unveiled...

Qatari bourse index gains 8.02pc in May 30 May 2014 - 01:02 pm

Doha: Qatari stock market ended the month on a positive note as Qatar Exchange index gained 1,016.60 points, or 8.02 percent, in May...

Egypt okays 10pc capital gains tax on stock profits 30 May 2014 - 01:01 pm

A pedestrian walks past currency exchange shop and street stalls in Cairo yesterday. CAIRO: Egypt has approved the introduction of a 10 percent...

Apple to buy Beats for $3bn 30 May 2014 - 01:00 pm

A pedestrian walks past a Beats brand display in the subway system of New York yesterday. NEW YORK: Apple, seeking to bolster its...

Facebook COO at Harvard 30 May 2014 - 12:59 pm

Facebook’s COO Sheryl Sandberg delivers the Class Day address at Harvard University in Cambridge, Massachusetts, one day ahead of Commencement Exercises at the...

Hyundai launches two sedans 30 May 2014 - 12:58 pm

Models with Hyundai Motor Co’s New sedan The AG (left) and a diesel version of the Grandeur (Azera) sedan at Busan International Motor...