Business

Huge task awaits India’s finance minister 28 May 2014 - 12:35 am

India’s new Finance Minister Arun Jaitley at the finance ministry in New Delhi yesterday. NEW DELHI: Hardened by a term in prison as...

Airbus takes stock 28 May 2014 - 12:34 am

Airbus Group Chairman Denis Ranque (left) and CEO Thomas Enders at the shareholders meeting of the Airbus Group in Amsterdam, the Netherlands, yesterday.

EU-brokered gas deal not good: Ukraine 28 May 2014 - 12:22 am

Gazprom Chief Executive Alexei Miller leaves after a news conference given by Ukrainian Energy Minister Yuri Prodan (left) about EU-Ukraine-Russia energy negotiations at...

Hearing for Siemens CEO 28 May 2014 - 12:22 am

Christophe de Maistre, CEO of Siemens France, arrives to attend a commission hearing at the National Assembly in Paris yesterday. Siemens is readying...

Krugman urges ECB to raise inflation target 28 May 2014 - 12:21 am

European Central Bank President Mario Draghi (right) attends a conference during the ECB Forum on Central Banking in Sintra Portugal, yesterday. LISBON: The...

Indian industry hopes for tax change 28 May 2014 - 12:20 am

A customer stands inside a Maruti Suzuki’s car showroom in Ahmedabad. Indian carmakers, battered by two years of slowing sales, hope the resounding...

QInvest sees Turkey playing leading role in Islamic finance 28 May 2014 - 12:14 am

DOHA: QInvest, one of Qatar’s leading Shariah-compliant investment bank, sees Turkey as being a key driver of growth in Islamic finance worldwide, and...

Jet Airways posts record quarterly loss 28 May 2014 - 12:14 am

NEW DELHI: Jet Airways (India) Ltd, part-owned by Abu Dhabi’s Etihad, reported its biggest-ever quarterly loss as costs jumped and it took a...

Boost for growth as US durable goods orders up 28 May 2014 - 12:14 am

WASHINGTON: Orders for long-lasting US manufactured goods unexpectedly rose in April and consumer confidence perked up in May, supporting views of a rebound...

British banks lend fewest mortgages in eight months 28 May 2014 - 12:13 am

LONDON: Britain’s banks last month approved the lowest number of mortgages since August 2013 in the latest sign that the housing market is...

BHP Billiton may cut jobs 28 May 2014 - 12:13 am

LONDON: BHP Billiton , the world’s largest diversified mining company, may cut jobs at its Worsley Alumina operations in Australia after completing a...

Inkel’s board meeting in Doha 28 May 2014 - 12:13 am

Doha: A meeting of the board of directors of Inkel Ltd with head quarters in Kochi, Kerala will be held in Doha on...

Russia not to target foreign companies 28 May 2014 - 12:12 am

VIENNA: Russia is not preparing retaliatory steps to punish foreign companies for western sanctions over Moscow’s involvement in Ukraine, President Vladimir Putin’s top...

S Africa economy contracts for first time since 2009 28 May 2014 - 12:12 am

PRETORIA: South Africa’s economy shrank 0.6 percent quarter-on-quarter in the first three months of this year as a massive decline in output from...

Iraq’s southern oil exports eye record 28 May 2014 - 12:12 am

LONDON: Oil exports from Iraq’s southern terminals are on track for a record high in May, according to loading data and industry sources,...

Pilgrim’s Pride for $6.4bn deal with Hillshire 28 May 2014 - 12:12 am

NEW YORK: US chicken producer Pilgrim’s Pride yesterday announced a bid to acquire frozen-foods company Hillshire Brands in a deal worth $6.4bn. Pilgrim’s...

ECB on €300m spending spree for watchdog 28 May 2014 - 12:11 am

FRANKFURT: The European Central Bank will spend ¤300m ($410m) this year and next in building an elite group to monitor top banks, with...

Gold slips 2pc after US data; platinum falls on strike 28 May 2014 - 12:11 am

LONDON: Gold slipped two percent to a 3-1/2 month low yesterday, extending losses after strong US data lifted optimism about the economy, while...