Business

Cathay Pacific orders four more long-haul Boeing planes 28 Dec 2013 - 05:03 am

HONG KONG: Hong Kong flag carrier Cathay Pacific ordered four additional long-haul planes from Boeing yesterday, a week after it ordered 21 Boeing...

GM, Ford to recall more than 1.5m cars in China 28 Dec 2013 - 05:02 am

SHANGHAI: US auto giant General Motors (GM) and its counterpart Ford will recall more than 1.5 million vehicles in China over defective parts,...

Asian buyers of Iran oil cut imports by 14pc 28 Dec 2013 - 05:02 am

TOKYO: Asia’s top buyers of Iranian crude have cut purchases by about 14 percent so far this year, but imports may edge higher...

Gold edges up, set for biggest annual loss in three decades 28 Dec 2013 - 05:02 am

LONDON: Gold edged up yesterday, supported by some physical buying, but remained on track for its biggest annual loss in three decades as...

November data gives boost to Japan’s war on deflation 28 Dec 2013 - 05:01 am

TOKYO: Japanese consumer inflation rose 1.2 percent last month, its fastest pace in five years, edging closer to the central bank’s 2.0 percent...

Brent slips to $111, supply woes support price 28 Dec 2013 - 05:01 am

LONDON: Brent crude oil slipped towards $111 a barrel yesterday although supply disruptions in Africa kept losses in check. Escalating violence in South...

Spanish prime minister promises jobs in 2014 28 Dec 2013 - 05:00 am

MADRID: Spanish Prime Minister Mariano Rajoy vowed in an end-of-year message yesterday to deliver longed-for jobs to the hard-hit nation in 2014. Rajoy...

Retailers lead Wall Street higher 27 Dec 2013 - 09:10 am

NEW YORK: US stocks rose yesterday, putting the Dow on track for a record closing high for a sixth straight day as retail...

Yuan souvenir coins 27 Dec 2013 - 09:09 am

A resident displays newly-issued one Chinese yuan souvenir coins, to commemorate the Year of the Horse, as people queue to exchange the coins...

US consumers shop less 27 Dec 2013 - 09:08 am

A girl looks up at a toy sales display in a JC Penney store in New York. US consumers shopped less on the...

Japanese carmakers see best November sales 27 Dec 2013 - 09:04 am

Workers check paints and bodies of the new model of Toyota Motor’s best selling car ‘Corolla’ at a plant of the company’s subsidiary...

Britain ‘to be Europe’s top economy’ 27 Dec 2013 - 09:03 am

LONDON: A rising population, a low-tax regime and insulation from the worst of the eurozone’s problems leave Britain on course to overtake Germany...

QE index falls on profit booking by local retail investors 27 Dec 2013 - 09:03 am

DOHA: Qatar Exchange (QE) index edged low last week on profit taking by local retail investors. The benchmark index shed 77.42 points or...

Turkish lira dips to new low 27 Dec 2013 - 09:01 am

ISTANBUL: Turkey’s lira fell to consecutive all-time lows against the dollar yesterday, hit by a corruption scandal that has spiralled into a crisis...

Libya’s Misrata port handles record container unloading 27 Dec 2013 - 09:00 am

MISRATA, Libya: Container unloading at Libya’s Misrata port has hit record levels this year and the major shipping gateway is expanding, a local...

Target faces almost two dozen lawsuits 27 Dec 2013 - 09:00 am

NEW YORK: Target, the second-largest US discount chain, faces almost two dozen lawsuits filed by customers after a computer security breach exposed data...

Report: 62pc of GCC-listed firms miss analysts’ estimates 27 Dec 2013 - 08:59 am

DOHA: More than half of the GCC listed companies’ results in the third quarter of 2013, including the results of many firms in...

Brent slips on refinery woes, petrol gains 27 Dec 2013 - 08:59 am

NEW YORK: Brent oil fell yesterday as French workers extended a strike at two refineries, which limited demand, while US oil prices rose...