Business

German business morale falls 26 Oct 2013 - 12:13 am

Huge van carriers transporting containers at the container terminal “Burchardkai” of the Hamburger Hafen und Logistik AG in the harbour of Hamburg. German...

Britain records fastest growth since 2010 26 Oct 2013 - 12:12 am

LONDON: Britain’s economy picked up more speed between July and September, growing at its fastest pace in more than three years and building...

Air Serbia dons new colours 26 Oct 2013 - 12:07 am

Air Serbia’s CEO Dane Kondic speaks during an interview in Belgrade yesterday. Air Serbia, country’s flag carrier unveiled its first aircraft in new...

Volvo, Electrolux slash 4,000 jobs 26 Oct 2013 - 12:07 am

STOCKHOLM: Swedish industrial heavyweights Volvo trucks and Electrolux announced a total of 4,000 job cuts around the world yesterday when they published disappointing...

Deal saves big refinery, plant in Scotland 26 Oct 2013 - 12:06 am

LONDON: Scotland dodged a heavy blow to its economy yesterday with a deal to rescue an oil refinery and petrochemical plant and safeguard...

Oil slips below $107 on higher supply concern 26 Oct 2013 - 12:05 am

LONDON: Brent crude slipped further below $107 a barrel yesterday on concern about higher supply and faltering demand, despite signs of faster economic...

Iran oil exports to plunge 26 Oct 2013 - 12:04 am

A view of a petrochemical complex in Assaluyeh seaport on Iran’s Persian Gulf coast. Iran’s oil sales in October will fall to their...

Malaysia plans tax on goods and services 26 Oct 2013 - 12:04 am

KUALA LUMPUR: Malaysian Prime Minister Najib Razak announced yesterday his government would levy an unpopular consumption tax starting in 2015 as it seeks...

Russia reports disappointing 1.2pc third quarter growth 26 Oct 2013 - 12:03 am

MOSCOW: Russia’s third-quarter growth rate fell well below expectations yesterday in a fresh blow to government hopes of avoiding the worst performance for...

Philippine retailer set to raise $622m in IPO 26 Oct 2013 - 12:03 am

MANILA: A retailer is set to raise $622m in one of the largest-ever initial public offerings in the Philippines, its main local underwriter...

Global markets resume upward trend 25 Oct 2013 - 04:15 am

Traders working on the floor of the New York Stock Exchange yesterday. NEW YORK: Global equity markets resumed their recent upward trend yesterday,...

Qatar bourse falls to three-week low 25 Oct 2013 - 04:14 am

DOHA/DUBAI: Qatar’s bourse fell to a three-week low yesterday as weak third-quarter earnings prompted many investors to look elsewhere for buying opportunities even...

Jet Airways sees Etihad deal by end of the year 25 Oct 2013 - 04:14 am

NEW DELHI: Jet Airways expects to conclude a $334m stake sale to Abu Dhabi’s Etihad by the year-end, the Indian airline said, one...

US oil futures recoup losses; Brent dips 25 Oct 2013 - 04:13 am

NEW YORK: US oil futures recouped losses in choppy trade yesterday while European Brent crude slid, as traders bet that an abrupt slump...

Suez Canal revenue up 25 Oct 2013 - 04:13 am

CAIRO: Revenue from Egypt’s Suez Canal rose 1.5 percent in September from a year earlier to $442m, Egypt’s state information portal said yesterday....

Ooredoo names CEOs for two subsidiaries 25 Oct 2013 - 04:13 am

Doha: Ooredoo announced yesterday that it has approved two CEO-level appointments for its international operations. Ross Cormack, the former CEO of Nawras, has...

Manufacturing output in US hit by shutdown 25 Oct 2013 - 04:12 am

NEW YORK/LONDON: Fact-ories in China boosted production this month, but US manufacturing output fell for the first time in four years while the...

Ford narrows losses in Europe 25 Oct 2013 - 04:12 am

DETROIT: Ford Motor Co boosted its full-year global profit outlook yesterday, as its European picture brightened and stronger overseas operations sparked better-than-expected third-quarter...