Business

Chevron goes to trial in New York over $18bn Ecuador award 15 Oct 2013 - 01:33 am

NEW YORK: Chevron Corp will try to convince a US judge this week that a group of Ecuadorean villagers and their US lawyer...

Tie-up talks push Peugeot shares down 15 Oct 2013 - 01:33 am

PARIS: Talk of a capital increase and tie-up with Chinese firm Dong Fen sent shares in French auto giant PSA Peugeot Citroen plunging...

South Africa, France sign energy accord, finalise rail deal 15 Oct 2013 - 01:32 am

PRETORIA: French President Francois Hollande announced yesterday the signing with South Africa of a $2bn pact for a thermal power plant in Africa’s...

Gold above three-month low; focus on US deadline 15 Oct 2013 - 01:32 am

LONDON: Gold firmed yesterday as the US fiscal impasse remained unresolved, but was still close to three-month lows on speculation an eleventh hour...

Italy’s ERG plans to expand wind power in Brazil 15 Oct 2013 - 01:31 am

VIENNA: Italian energy group ERG plans to invest in wind power in Brazil and Europe, accelerating its expansion in the sector after its...

QP participates in South Korea Energy Congress 14 Oct 2013 - 12:31 am

Qatar Petroleum (QP), along with some of its joint ventures and subsidiaries, is taking part in the 22nd World Energy Congress 2013 at...

Opec’s crude output at right level, says UAE 14 Oct 2013 - 12:29 am

DAEGU, South Korea: Opec’s crude oil production is at a suitable level for the market and there is no talk of the cartel...

Three-wheeler car 14 Oct 2013 - 12:22 am

A visitor inspects the “Velorex” three-wheel motor car on display at the contemporary design festival ‘Designblok 2013’ in Prague yesterday. Designblok is an...

Airbus chief eyes overtaking Boeing in production by ’18 14 Oct 2013 - 12:22 am

BERLIN: Airbus chief Fabrice Bregier says the European planemaker will overtake its US rival Boeing to become the world’s biggest producer within four...

Qatar real estate loan book reaches QR80bn 14 Oct 2013 - 12:17 am

DOHA: The real estate sector loan book in Qatar has touched a whopping QR80bn at the end of the first half of 2013....

South Korea signs $5.4bn currency swap deal with UAE 14 Oct 2013 - 12:17 am

SEOUL: South Korea’s central bank said yesterday it signed a bilateral, three-year currency swap deal with the United Arab Emirates worth up to...

Fed pressed to take care with stimulus pullback 14 Oct 2013 - 12:17 am

WASHINGTON: Global finance chiefs stepped up calls for the Federal Reserve to take care in moving to cut its stimulus, as emerging countries...

CGC launches Nokia Lumia promotion 14 Oct 2013 - 12:12 am

Doha: Marking Eid Al Adha, Consolidated Gulf Company (CGC) has announced the launch of a Nokia promotion offering free 3GB mobile Internet from...

IMF and World Bank seek new legitimacy 14 Oct 2013 - 12:10 am

IMF Managing Director Christine Lagarde (right) departs with World Bank President Jim Yong Kim (left) and National Bank of Poland President Marek Belka...

Walmart divorce highlights pitfall of business in India 14 Oct 2013 - 12:09 am

NEW DELHI: The divorce between US giant Walmart and its Indian partner, the latest in a string of foreign corporate alliances to founder,...

Spanish banks fear new capital hit in EU review 14 Oct 2013 - 12:09 am

MADRID: Spanish banks are considering ways to boost their capital amid fears the eurozone’s imminent review of their balance sheets will force them...

IMF officials give Jordan some wiggle room on reforms 14 Oct 2013 - 12:09 am

WASHINGTON: International Monetary Fund officials relaxed some fiscal and other targets for Jordan under its $2bn loan programme as the country struggles to...

Putin visits Rosneft refinery 13 Oct 2013 - 11:08 pm

Russia’s President Vladimir Putin (second left) listens to Russian oil giant Rosneft Chief Executive Igor Sechin (left) as they visit a Rosneft refinery...