Business

Two-for-one tactics threaten European car market rebound 15 Jul 2013 - 01:25 am

PARIS/FRANKFURT: Elie Chauvin did not plan to buy a new car when he stopped by his local Hyundai showroom, but the retired builder...

ExxonMobil’s $735m Ukraine pledge shows Black Sea zeal 15 Jul 2013 - 01:25 am

BUCHAREST, Romania: ExxonMobil Corp is so confident of prospects in the unexplored Black Sea it will spend $735m to drill just two deep-water...

Regulators on Wall Street turn to technology to find suspicious trades 15 Jul 2013 - 01:23 am

WASHINGTON: The regulators who police Wall Street are ramping up their surveillance of trading activity, using technology to suss out potentially abusive practices...

South Korea keeps rates 15 Jul 2013 - 01:21 am

A vendor stands in her stall at a late night clothing market in Seoul. South Korea’s central bank left interest rates unchanged at...

Hollande no to shale gas exploration 15 Jul 2013 - 12:47 am

French President Francois Hollande greeted by people during his visit to naval job fair in Boulogne-sur-mer, northern France, yesterday. PARIS: French President Francois...

Qatar bourse index down 0.23 percent 15 Jul 2013 - 12:47 am

Doha: Qatar Exchange was down 21.78 points or 0.23 percent to 9,398.19 points yesterday from the previous closing of 9,419.97 points. Among the...

Shipping market in recovery mode 15 Jul 2013 - 12:46 am

LONDON: The cost of shipping raw materials is surging but amid slowing Chinese economic growth and other global strains, the market remains well...

Kuwait sends $200m worth of oil to Egypt 15 Jul 2013 - 12:46 am

KUWAIT: Kuwait has sent two oil tankers carrying crude and diesel worth $200m to Egypt, a Kuwaiti newspaper said yesterday, part of a...

Australia to scrap carbon tax for trading scheme 15 Jul 2013 - 12:39 am

SYDNEY: Key greenhouse gas emitter Australia yesterday announced it will scrap its carbon tax in favour of an emissions trading scheme that puts...

Airlines insist they will stick with Dreamliner 15 Jul 2013 - 12:07 am

LONDON: Airlines expressed confidence in the safety of Boeing’s 787 Dreamliner yesterday as investigators searched for the cause of a fire on one...

Fear of Fed and China slowdown take a toll 15 Jul 2013 - 12:06 am

LONDON: Emerging economies that have thrived on ultra-loose US monetary policy and insatiable Chinese demand for natural resources are in for another rude...

Qatar’s real GDP to grow 6.8pc next year 14 Jul 2013 - 01:45 am

DOHA: Qatar’s real GDP is expected to expand at a rapid pace during the second half of 2013 growing 6.5 percent for the...

Home prices rise by 120pc in HK 14 Jul 2013 - 01:42 am

A worker balances on a bamboo scaffolding set up over a billboard advertising a real estate project in Hong Kong. The city boasts...

Egypt upheaval mars hopes of end to economic woes 14 Jul 2013 - 01:42 am

CAIRO: Egypt’s shattered economy was boosted this week by Gulf allies pledging billions of dollars in aid, but analysts say this simply buys...

AT&T agrees to buy Leap Wireless for $1.2bn 14 Jul 2013 - 01:42 am

NEW YORK: AT&T, the second-largest US wireless carrier, agreed to buy Leap Wireless International for $1.2 billion, giving the company 5 million customers,...

Greeks split on reforms, job cuts: Poll 14 Jul 2013 - 01:41 am

ATHENS: Greeks are split down the middle on whether public sector job cuts demanded by the country’s international lenders for continued bailout funding...

Fitch cuts French credit rating 14 Jul 2013 - 01:39 am

A file picture shows two ‘A’ letters and a ‘+’ symbol placed on a French map. NEW YORK/PARIS: France lost the last of...

Commodities rally on Fed stimulus pledge 14 Jul 2013 - 01:39 am

LONDON: Most commodity markets rallied this week, with oil striking a 15-month peak, after US Federal Reserve chairman Ben Bernanke pledged to retain...