Business

Auto sales to rise by 3.4pc worldwide 14 Jan 2014 - 07:58 am

DETROIT: Carmakers are upbeat about global auto sales this year despite fears of a slowdown in the United States, which generates big profits...

Chevron gives green light to North Sea Alder project 14 Jan 2014 - 07:58 am

LONDON: US oil firm Chevron Corp will go ahead with the development of the Alder gas field off the coast of Britain, helping...

QE breaches 11,000 mark 14 Jan 2014 - 02:45 am

DOHA: Qatar’s rallying stocks pushed the bourse’s main index beyond the psychological barrier of 11,000 points to 11,019.86 yesterday. The buoyancy in witness...

Indonesia bans mineral ore exports 13 Jan 2014 - 06:32 am

Stockpiles of nickel ore await shipment at a port in a nickel-mining area in Indonesia’s central Sulawesi. JAKARTA: Indonesia, one of the world’s...

India’s private sector job opportunities decline 13 Jan 2014 - 06:31 am

Indian staff work at a call centre for The Emergency Management and Research Institute (EMRI) in Hyderabad. Low business confidence and high interest...

Italian home base dragging down sofa king Natuzzi 13 Jan 2014 - 06:30 am

New Natuzzi’s easy chairs named Revive in a store in downtown Milan yesterday. SANTERAMO IN COLLE, Italy: From this hilltop town on the...

Jaguar Land Rover taps global markets 13 Jan 2014 - 06:30 am

LONDON: British luxury car manufacturer Jaguar Land Rover sold a record volume of vehicles last year, when rising demand in markets such as...

India sugar exports to be sweetened 13 Jan 2014 - 06:29 am

A trader sits on a pile of sugarcane as he waits for customers at a wholesale market in the southern Indian city of...

Protest against labour force adjustment 13 Jan 2014 - 06:27 am

Workers of Madrid’s regional-run television channel Telemadrid take part in a protest marking the first anniversary of the labour force adjustment plan in...

Al Asmakh Real Estate gets RICS Regulated certification 13 Jan 2014 - 06:27 am

DOHA: Al Asmakh Real Estate Development Company (AREDC) yesterday announced that it has become the first real estate firm in Qatar with the...

Iraq PM warns Kurdistan 13 Jan 2014 - 06:26 am

BAGHDAD: Iraq Prime Minister Nouri Al Maliki threatened yesterday to cut Kurdistan’s share of the federal budget if the autonomous region exports oil...

Sweden sells mineral wealth too cheap 13 Jan 2014 - 06:26 am

STOCKHOLM: Sweden scores high in international rankings of mining nations, but concern is growing that the Scandinavian country is selling its vast underground...

World Bank’s IFC fixing Honduras project 13 Jan 2014 - 06:25 am

WASHINGTON: The International Finance Corp, the World Bank’s private finance arm, said yesterday it was taking action to remedy problems in a Honduras...

Turkish auto production up 5pc last year 13 Jan 2014 - 06:25 am

ISTANBUL: Turkish automotive production rose five percent in 2013 to 1.13 million units, but is expected to decline this year as domestic demand...

ThyssenKrupp chief tests shareholders patience 13 Jan 2014 - 06:25 am

FRANKFURT: Three years after taking the helm at ThyssenKrupp, Heinrich Hiesinger is running out of time to implement his ambitious plan to retool...

Swiss private banking sector shaken up by key players’ shift 13 Jan 2014 - 06:24 am

GENEVA: The exclusive Swiss private banking sector has been revolutionised by key players Pictet, Lombard Odier, and Mirabaud, amid a tough new regulatory...

Bulgaria taps export niches to escape doldrums 13 Jan 2014 - 06:24 am

SOFIA: Bulgaria’s economic outlook may be gloomy but Dragomir Kouzov, founder of bicycle manufacturer Drag and one of a new breed of niche...

Federal Reserve paid government $77.7bn last year 13 Jan 2014 - 06:24 am

WASHINGTON: The Federal Reserve said it paid the federal government $77.7bn in 2013. That was down from the record set in 2012 but...