Business

Flipkart sees $1bn sales this year 09 Mar 2014 - 12:29 am

NEW DELHI: Flipkart, India’s answer to US online giant Amazon, said yesterday its sales would cross the milestone $1bn -mark this year, ahead...

Scrutiny of SFR takeover could take nine months 09 Mar 2014 - 12:29 am

PARIS: France’s competition watchdog estimates it could take nine months to scrutinise a possible takeover of French telecoms operator SFR by French conglomerate...

Greece, lenders set to miss deadline for rescue loan deal 09 Mar 2014 - 12:28 am

ATHENS: Greece and its international lenders will miss a self-imposed March 10 deadline to clinch a deal that will release the next tranche...

Oman’s revenue drops 7.9pc in January 09 Mar 2014 - 12:28 am

Muscat: Oman government revenues fell by 7.9 percent at the end of January 2014 to RO973.3m against RO1,056.9m during the corresponding period in...

Moody’s ups outlook for Netherlands, Belgium 09 Mar 2014 - 12:28 am

WASHINGTON: Moody’s raised its credit outlook for the Netherlands and Belgium on Friday, elevating both to stable from negative as the eurozone economy...

Stocks may extend rally after strong US jobs data 09 Mar 2014 - 12:27 am

NEW YORK: The stronger-than-expected payrolls report did more than ease concerns about US economic fundamentals — it also seemed to justify Wall Street’s...

Instagram signs first deal with major ad agency 09 Mar 2014 - 12:27 am

SAN FRANCISCO: Facebook-owned photo sharing service Instagram said it has landed its first deal with a major ad agency. The leading social network...

Instagram signs first deal with major ad agency 09 Mar 2014 - 12:27 am

SAN FRANCISCO: Facebook-owned photo sharing service Instagram said it has landed its first deal with a major ad agency. The leading social network...

Nod for Shanghai bourse platform in free-trade zone 09 Mar 2014 - 12:27 am

BEIJING: The Shanghai Stock Exchange has secured approvals from regulators to set up an international trading centre in the free-trade zone, the chairman...

S&P to meet Brazil officials to discuss economic policies 09 Mar 2014 - 12:26 am

BRASILIA: Standard & Poor’s (S&P) sovereign ratings director Lisa Schineller will meet high-ranking Brazilian government officials this week to evaluate the country’s macroeconomic...

QPI, GEK Terna celebrate partnership 08 Mar 2014 - 01:14 am

From the left: Asimakis Papageorgiou, Yousef Fakhroo, Abdulaziz Al Juwari, George Persiteris and Dr Theodore Theodoropoulos at the meeting. DOHA: GEK Terna Group...

Indian shares hit record highs on hopes of new government 08 Mar 2014 - 01:13 am

An onlooker watches the digital broadcast on the facade of the Bombay Stock Exchange (BSE) during intra-day trade in Mumbai yesterday. MUMBAI: India’s...

Chinese property market woes 08 Mar 2014 - 01:12 am

A man stands in front of a logo of Beijing Land Trading Market, in Beijing, yesterday. The days of Chinese developers snatching up...

IBM workers strike in China 08 Mar 2014 - 01:10 am

IBM workers shout slogans as they protest at an IBM factory in Shenzhen, Guangdong province, yesterday. More than 1,000 workers at the factory...

Employment growth accelerates in US 08 Mar 2014 - 01:09 am

WASHINGTON: US job growth rose more than expected in February, easing fears of an abrupt slowdown in economic growth and keeping the Federal...

Europe gas supply at risk as Gazprom warns Ukraine on pending bills 08 Mar 2014 - 01:09 am

MOSCOW: Gazprom issued a thinly veiled warning yesterday that it could stop shipping gas to Ukraine over unpaid bills, increasing pressure on the...

Industrial production picks up in Germany 08 Mar 2014 - 01:08 am

FRANKFURT: Spring appears to be arriving early for the German economy as industrial production picked up speed in January, official data showed yesterday. ...

Tokyo investors eye more central bank easing next week 08 Mar 2014 - 01:08 am

TOKYO: Tokyo investors will be keeping a close eye on next week’s Bank of Japan (BoJ) policy meeting for further monetary easing measures,...