Business

SAC Capital pleads guilty in $1.8bn deal 10 Nov 2013 - 07:03 am

NEW YORK: SAC Capital Advisers pleaded guilty to criminal fraud charges, satisfying a deal with the government that requires the Connecticut-based hedge fund...

Japan Display applies for up to $2bn share listing 10 Nov 2013 - 07:02 am

TOKYO: Japan Display, the world’s largest maker of displays for smartphones and tablets, has applied for a share listing in Tokyo that it...

US jobs report catapults dollar to new highs against euro 10 Nov 2013 - 07:02 am

NEW YORK CITY: The dollar scored solid gains against the euro after a surprisingly strong jobs growth report stirred expectations the Federal Reserve...

Chip Wilson ruffles feathers 10 Nov 2013 - 07:00 am

A customer enters the Lululemon store in Vancouver, British Columbia, yesterday. When the founder of the athletic apparel business, Chip Wilson, said his...

Twitter move likely to spark IPO flurry 10 Nov 2013 - 07:00 am

SAN FRANCISCO: For technology executives weighing market flotations for Silicon Valley startups, this week’s gangbusters Twitter Inc initial public offering sent a powerful...

Kuwait expects Opec to keep output target 10 Nov 2013 - 07:00 am

NEW DELHI: Kuwait’s oil minister said yesterday he expected Opec to keep its crude oil output target unchanged at its next meeting. Kuwait...

Cuba reforms in food production, distribution 10 Nov 2013 - 06:59 am

Farmers ride their oxen-pulled cart on the outskirts of Havana. Cuba rolled out a master plan this week to reform food production and...

Indian Hotels abandons $1.2bn Orient-Express bid 10 Nov 2013 - 06:58 am

NEW DELHI: Indian Hotels, an arm of the giant Tata Group, has abandoned a $1.2bn offer to buy Orient-Express Hotels, marking its second...

Nissan to make mini-vehicles on its own 10 Nov 2013 - 06:56 am

TOKYO: Nissan Motor will start producing mini-vehicles, a special category of small cars in Japan, as early as next year in a bid...

Barzan project’s topside modules installed 10 Nov 2013 - 02:45 am

A topside module is being lifted to its jacket. Doha: RasGas Company Limited (RasGas) announced that the $10.3bn Barzan Gas Project’s four offshore...

S&P lowers France credit rating to AA 09 Nov 2013 - 06:16 am

A businessman is silhouetted as he stands under the Arche de la Defense, in the financial district west of Paris. Standard & Poor’s...

US consumer spending rises 09 Nov 2013 - 06:15 am

Inta Krueger shops for a refrigerator at a Sears store in Schaumburg, Illinois, near Chicago. US consumer spending increased modestly in September as...

Boeing warns Seattle could lose 777X if deal rejected 09 Nov 2013 - 06:14 am

New York: Boeing Co said yesterday it was ready to re-examine alternative sites for its newest jet if assembly workers and local politicians...

German trade surplus hits new record 09 Nov 2013 - 06:14 am

FRANKFURT: Germany s ballooning trade surplus, increasingly a source of friction with some of its European partners, hit a new record in September,...

Saudi group to invest in French poultry firm Doux 09 Nov 2013 - 06:14 am

RENNES, France: Troubled French poultry group Doux is close to signing a rescue deal whereby its main client, Saudi food distributor Almunajem, will...

ECB wants norms to wind up failed banks early 09 Nov 2013 - 06:13 am

FRANKFURT: The European Central Bank yesterday called for Europe-wide rules for winding up failed banks to be drawn up before it takes over...

Thai solar power push 09 Nov 2013 - 06:12 am

Two employees of SPCG, Thailand’s largest solar farm producer, walk between panels at the farm in Korat, Nakorn Ratchasima province. Riding on generous...

China’s October exports rise by 5.6 percent 09 Nov 2013 - 06:12 am

BEIJING: Chinese exports grew faster than expected in October, data showed yesterday, adding to signs the economy is picking up though analysts cautioned...