Business

Boeing production target 21 Dec 2013 - 06:07 am

A 787 Dreamliner being built is pictured at South Carolina Boeing final assembly building in North Charleston, South Carolina, yesterday. Boeing Co is...

US-China trade pact 21 Dec 2013 - 06:07 am

China’s Vice-Premier Wang Yang (right) with US Secretary of Commerce Penny Pritzker after Chinese and US officials signed agreements during the 24th China-US...

Telecom Italia-Telefonica dispute 21 Dec 2013 - 06:06 am

Cables of optical fibre of Telecom Italia at a telephone exchange in Rome, yesterday. Prime Minister Enrico Letta pledged to protect investment in...

Gazprom begins production from Arctic oilfield 21 Dec 2013 - 06:04 am

MOSCOW: Russia’s first Arctic offshore field Prirazlomnoye, where Greenpeace activists were arrested in September after a high seas clash with Russian authorities, has...

BAE shares fall as UAE halts fighter talks 21 Dec 2013 - 06:04 am

LONDON: BAE Systems faced investor worries over its growth prospects after the United Arab Emirates pulled out of talks to buy 60 Eurofighter...

Spain reviews power auctions after threat of price rise 21 Dec 2013 - 06:03 am

MADRID: Spain is looking for a new way to set electricity prices after a double-digit spike at a wholesale auction threatened a painful...

British economy in cautious recovery 21 Dec 2013 - 06:03 am

LONDON: Britain is cementing its economic growth recovery, official data revealed yesterday, as the government’s deficit-reduction programme won support from the Standard and...

BoJ stands pat on easing, claims moderate recovery 21 Dec 2013 - 06:03 am

TOKYO: The Bank of Japan yesterday held off announcing any fresh measures to stimulate the economy, offering the upbeat view that it was...

S&P pushes EU debt rating down 21 Dec 2013 - 06:02 am

BRUSSELS: The Standard and Poor’s ratings agency downgraded the European Union’s credit-worthiness by one notch yesterday, blaming threats to cohesion including Britain’s role...

Iraq oil exports slip in December 21 Dec 2013 - 06:02 am

LONDON: Iraq’s oil exports have fallen so far in December, capping what has been a disappointing year and highlighting challenges it faces in...

BlackBerry loss widens, reorganising manufacturing 21 Dec 2013 - 06:02 am

OTTAWA: BlackBerry said yesterday it fell deeper into the red in the past quarter as the struggling smartphone maker unveiled a new manufacturing...

Cyprus House approves first post-bailout budget 21 Dec 2013 - 06:01 am

NICOSIA: The Cyprus parliament has approved the island’s first post-bailout budget providing deep spending cuts in 2014 of about 10 percent to ensure...

Trading tax hurts bid to keep Euronext in French hands 21 Dec 2013 - 06:01 am

PARIS: France’s unloved financial transaction tax is hampering its efforts to persuade local institutions to buy stakes in Paris stock exchange operator Euronext...

Key European stocks soar on Fed tapering 20 Dec 2013 - 01:14 am

LONDON: European markets soared yesterday after the US Federal Reserve boosted confidence in the economic recovery by announcing plans to scale back its...

Honda unveils ‘Vezel’ 20 Dec 2013 - 01:13 am

Honda Motor President Takanobu Ito unveiling the new vehicle ‘Vezel’ during a press conference in Tokyo yesterday. Honda begins sales of the car...

New Acer tablet 20 Dec 2013 - 01:13 am

A man checks newly launched Acer Iconia W4-802 tablet in Bangalore, India, yesterday. Taiwan’s Acer Inc announced the launch of the tablet categorised...

Hackers grab 40m accounts from Target stores 20 Dec 2013 - 01:12 am

A Target store in Miami, Florida. Target announced that about 40 million credit and debit card accounts of customers who made purchases by...

Etihad in talks on $413m Alitalia investment 20 Dec 2013 - 01:09 am

ROME: Abu Dhabi’s Etihad Airways is in early-stage talks over a possible ¤300m ($413m) investment in Alitalia, a political source close to the...