Business

Greece baulks at third bailout 02 Apr 2014 - 01:26 am

Spain’s FM Luis de Guindos (left) with his Portuguese counterpart Maria Albuquerque during an EU Finance Ministers meeting in Athens yesterday. Athens: Greece,...

OCBC offers $4.95bn for Wing Hang Bank 02 Apr 2014 - 01:25 am

People seen outside the headquarters of Overseas-Chinese Banking Corp Ltd in Singapore. SINGAPORE: Singapore’s Oversea-Chinese Banking Corp. (OCBC) said yesterday it has offered...

Japan sees sales tax rise after 17 years 02 Apr 2014 - 01:24 am

Japan’s Minister for Consumer Affairs Masako Mori at a shopping centre after the sales tax hike in Tokyo yesterday. TOKYO: Prices rose across...

RBI holds key rates unchanged 02 Apr 2014 - 01:23 am

Office goers walk past the bronze bull outside the Bombay Stock Exchange (BSE) during intra-day trade in Mumbai yesterday. Reserve Bank of India...

Protest against job cuts 02 Apr 2014 - 01:22 am

Employees of the French-US telecommunications equipment manufacturer Alcatel-Lucent protest against the company’s restructuring plans involving 900 job cuts in front of the plant...

Budget projections push QE index up 02 Apr 2014 - 01:14 am

By Satish Kanady DOHA: Qatar stocks put up a good show yesterday after the strong annual budget projections. The benchmark index jumped 2.29...

Barwa Bank lead arranger for Ezdan syndication 02 Apr 2014 - 01:13 am

DOHA: Barwa Bank, Qatar’s fastest growing Shari’ah compliant banking service provider, is the initial mandated lead arranger for Ezdan Holding Group’s first tranche...

UAE extends gains; Egypt rebounds 02 Apr 2014 - 01:13 am

DUBAI: Financial and property stocks lifted bourse in the United Arab Emirates yesterday, while Egypt rebounded after three days of heavy profit-taking. Dubai’s...

Opec output falls on Iraq setback, African outages 02 Apr 2014 - 01:11 am

LONDON: Opec’s oil output fell in March to its lowest since December, a survey found yesterday, as Iraq’s oil revival suffered a setback...

Major economies end first quarter on weaker note 02 Apr 2014 - 01:10 am

LONDON/BEIJING: Major economies in Asia and Europe finished the first quarter on a weaker note, with key manufacturing surveys fuelling expectations policymakers may...

UAE Exchange remits $1.7bn in 2013 02 Apr 2014 - 01:10 am

Doha: UAE Exchange, yesterday said it remitted $1.7bn from Qatar in 2013, largely to South Asia, taking a share of over 12 percent...

Marks & Spencer ramps up overseas expansion 02 Apr 2014 - 01:10 am

PARIS: Britain’s Marks & Spencer plans to grow its international profits by 40 percent over the next three years by expanding its number...

Japan moves to expand foreign worker scheme 02 Apr 2014 - 01:09 am

TOKYO: Japan is considering expanding a controversial programme that now offers workers from China and elsewhere permits to work for up to three...

DAMAC tightens norms on $500m Sukuk issue 02 Apr 2014 - 01:09 am

DUBAI: Pricing guidance for a $500m Sukuk issue by Dubai’s DAMAC Real Estate was tightened to the midswaps plus 325 basis points area,...

National Bank of Fujairah may tap markets: CEO 02 Apr 2014 - 01:09 am

ABU DHABI: National Bank of Fujairah , which has secured credit ratings from two international agencies, may tap the capital markets in the...

Apple vs Samsung case to start before fresh jury 02 Apr 2014 - 01:08 am

SAN JOSE: Jurors were selected yesterday for a high-stakes patent battle between smartphone rivals Apple and Samsung, setting the stage for attorneys to...

Rosneft, Exxon on track to start LNG plant 02 Apr 2014 - 01:08 am

MOSCOW: Russia’s Rosneft, said yesterday it was on track to start production at its first liquefied natural (LNG) gas plant in the country’s...

Nadella unveils Microsoft leadership shake-up 02 Apr 2014 - 01:08 am

NEW YORK: Microsoft chief executive Satya Nadella unveiled a leadership shakeup at the technology giant, including a new head for the Xbox division....