Business

India struggles to arrest rupee fall as industrial output shrinks 13 Aug 2013 - 12:13 am

NEW DELHI: India pledged yesterday to curtail some imports to narrow a record current account deficit and arrest a sliding currency as a...

Japan growth slows in Q2, adds to sales tax uncertainty 13 Aug 2013 - 12:12 am

A Japanese national flag at a port in Tokyo, Japan. According to data released by the government, the Japanese economy expanded from April...

Greek recession eases to 4.6pc 13 Aug 2013 - 12:11 am

People make transactions at ATM machines outside a bank branch in Athens yesterday. ATHENS: The Greek economy showed improvement in the second quarter...

Libya strikes hit oil export terminals 13 Aug 2013 - 12:10 am

TRIPOLI/LONDON: Striking security guards reimposed a two-week-old shutdown at Libya’s two biggest crude export terminals yesterday, hours after they had reopened, and more...

iPhone launch report lifts Apple shares 13 Aug 2013 - 12:10 am

NEW YORK CITY: Apple shares gained ground yesterday after a report saying the California tech giant was set to announce its next iPhone...

Steinway shares jump on expected bidding war 13 Aug 2013 - 12:07 am

NEW YORK CITY: Shares of Steinway Musical Instruments yesterday shot up after the 160-year-old piano maker announced it received a superior takeover offer...

Indonesia growth dips 12 Aug 2013 - 12:44 am

An aircraft prepares to land at the International Ngurah Rai Airport on Indonesia’s popular tourist island of Bali yesterday. Indonesian growth slipped below...

Investors gain in high-end US luxury homes 12 Aug 2013 - 12:34 am

A Tudor-style home is being renovated for resale in the Silver Lake neighbourhood of Los Angeles, California. LOS ANGELES: Jan Brzeski stands in...

Some Egypt firms thrive despite chaos 12 Aug 2013 - 12:34 am

CAIRO: Egypt’s smaller companies have struggled since the uprising that pushed aside Hosni Mubarak in 2011. But in a few corners of the...

Bundesbank report on Greece raises pressure on Merkel 12 Aug 2013 - 12:33 am

BERLIN: German opposition parties accused Chancellor Angela Merkel yesterday of lying before elections next month about the risks of a new bailout for...

Brazil’s energy giant bribed party officials: Report 12 Aug 2013 - 12:33 am

SAO PAULO: Brazil’s state-run energy giant Petrobras funneled kickbacks to officials from political parties, the weekly Epoca news magazine reported yesterday. Epoca cited...

Irrigating a dream 12 Aug 2013 - 12:31 am

Sudanis work on a tractor in an experimental rice field that is cultivated as part of the Japanese-backed Gezira rice programme in Wad...

French banks shine after a bad year 12 Aug 2013 - 12:31 am

PARIS: French banks are back in the good graces of investors after turning in surprisingly strong quarterly results that appear to show they...

Buyout uncertainty adds to Dell worries 12 Aug 2013 - 12:30 am

SAN FRANCISCO: Months of public bickering, secretive backroom negotiations and eleventh-hour deals for control of Dell Inc belie the fact that the combatants...

Movil bid for KPN may lead to European consolidation 12 Aug 2013 - 12:30 am

PARIS: The bid by Mexican telecom operator America Movil for Dutch KPN could signal the start of consolidation in the highly fragmented and...

French minister denies change in growth forecast 12 Aug 2013 - 12:30 am

PARIS: French Finance Minister Pierre Moscovici said yesterday that there has been “no change” in the country’s 2013 growth forecast, after it appeared...

South Korean company to build Myanmar airport 12 Aug 2013 - 12:29 am

YANGON: Myanmar has picked South Korea’s state-run airport operator to build a new international hub near its main city, as the once-isolated nation...

Aeroflot plans budget airline 12 Aug 2013 - 12:28 am

People sit on board an Aeroflot Airbus A330 at Moscow’s Sheremetyevo airport. MOSCOW: A Russian budget airline? The thought may fill some travellers...