Business

Taiwan’s parliament approves rich man’s tax 18 May 2014 - 09:51 am

TAIPEI: Taiwan’s parliament has approved a so-called “rich man’s tax” on nearly 10,000 of the island’s wealthiest people in a bid to narrow...

GM slapped with $35m fine by US agency 17 May 2014 - 12:11 am

Secretary of Transportation Anthony Foxx (right) and Highway Traffic Safety Administrations Acting Administrator David Friedman speak to the media after announcing that General...

Indian shares jump as Modi heads for PM job 17 May 2014 - 12:10 am

Pedestrians react as they watch as a digital broadcast presents the rolling share price information on the facade of the Bombay Stock Exchange...

Bouygues, Orange make new calls in French telecom turf war 17 May 2014 - 12:08 am

A Bouygues Telecom company logo on the facade of the Sequana tower, the company’s headquarters, in Issy-Les-Moulineaux, yesterday. PARIS: The French telecom sector...

China CNR Corp raises $1.2bn 17 May 2014 - 12:06 am

A CRH380BL high-speed bullet train runs towards Beijing South Railway Station. China CNR Corp Ltd, the world’s largest train maker by sales, raised...

Egypt could tap bond market after poll 16 May 2014 - 11:49 pm

LONDON: Egypt could tap global bond markets after presidential elections due on May 26 and 27, but should the country be in dire...

GASC buys 60,000 tonnes of wheat from Ukraine 16 May 2014 - 11:49 pm

ABU DHABI: Egypt, one of the world’s largest importers of wheat, bought 60,000 tonnes of Ukrainian wheat for shipment from June 20 to...

China bad loans jump as growth slows 16 May 2014 - 11:48 pm

BEIJING: China’s bad loans increased sharply in the first three months of the year, official data showed, with analysts saying yesterday the total...

Al Sada takes part in Moscow energy forum 16 May 2014 - 11:47 pm

Moscow: The Minister of Energy and Industry H E Dr Mohammed bin Saleh Al Sada, held several meetings with a number of high...

Portugal exits bailout poorer, long way away from recovery 16 May 2014 - 11:47 pm

LISBON: As Portugal’s government toasts its exit from an international bailout that imposed years of austerity on its citizens, small business owner Alexandra...

UK gas prices show no Russian supply fears 16 May 2014 - 11:47 pm

LONDON: Wholesale spot British gas prices fell to a three-year low yesterday as ample supply and warm weather outweighed fears of possible cuts...

Crude prices rise as Libyan output squeezed 16 May 2014 - 11:46 pm

NEW YORK: Global oil prices rose yesterday as investors worried about Libya after a recovery in the Opec country’s oil supply proved short-lived...

Voltas conducts workshop 16 May 2014 - 08:01 am

Indian Ambassador to Qatar Sanjiv Arora addressed Voltas management team in Qatar on issues of cross-cultural communication and intercultural understanding at a Workshop...

Lower earnings for Wal-Mart 16 May 2014 - 07:52 am

Customers walk outside a Wal-Mart store in the Porter Ranch section of Los Angeles. Wal-Mart Stores reported lower earnings due to cold winter...

GM recalls 2.7 million vehicles 16 May 2014 - 07:51 am

Brand new Chevrolet cars sit on the sales lot in San Leandro, California. General Motors announced the recall of 2.7 million GM cars...

Qatar plans to establish deposit insurance framework 16 May 2014 - 07:49 am

DOHA/DUBAI: Qatar regulators will establish a deposit insurance framework that will include a Shariah-compliant scheme, one of several reforms aimed at modernising the...

QE’s market cap rises to QR734.34bn 16 May 2014 - 07:49 am

DOHA: The main index of Qatar Exchange gained 143.35 points (1.11 percent) last week with trading closing at 13,104.75 points yesterday. The trading...

Moody’s changes QIIC outlook to ‘positive’ 16 May 2014 - 07:48 am

DOHA: As a result of continued strong performance of Qatar Islamic Insurance Company (QIIC), international ratings agency Moody’s yesterday affirmed the Baa2 insurance...