Business

Next Greek aid tranche soon 14 Apr 2013 - 01:22 am

DUBLIN: An inspection team of international lenders has finished its review of Greece’s reform progress, paving the way for another ¤10bn aid payment,...

US puts Japan on notice in currency report 14 Apr 2013 - 01:22 am

WASHINGTON: The Obama administration yesterday put Japan on notice that it was watching its economic policies to ensure they were not aimed at...

Premier to open Qatar business forum in Berlin 14 Apr 2013 - 01:21 am

Doha: The Prime Minister and Foreign Minister H E Sheikh Hamad bin Jassem bin Jabor Al Thani will inaugurate the two-day ‘Business and...

12 firms to join Tasdeer at Plast Expo in Morocco 14 Apr 2013 - 01:19 am

Tasdeer officials during a meeting with plastic industry representatives. DOHA: Qatar Development Bank’s (QDB) export development agency, Tasdeer, yesterday announced to have laid...

Govt spending to be higher than budgeted 14 Apr 2013 - 01:18 am

DOHA: With oil prices expecting to go up against the original assumption of Qatari budget for the current fiscal, the QNB Group estimates...

Two big banks post record earnings 14 Apr 2013 - 01:18 am

NEW YORK: JPMorgan Chase and Wells Fargo, bellwethers for the banking industry, reported record earnings on Friday, but those numbers masked troubling declines...

UAE economic delegation to visit Sweden 14 Apr 2013 - 01:17 am

Abu Dhabi: A UAE economic and commercial delegation is set to travel to Sweden tomorrow for a three-day visit, during which opportunities of...

Spaniards protest eviction 14 Apr 2013 - 01:16 am

Anti-eviction activists take part in an “escrache” (denunciation) protest near the house of Spanish Parliament Chairman Jesus Posada in Madrid. Spanish protesters seeking...

Austria defies pressure on bank secrecy 14 Apr 2013 - 01:15 am

DUBLIN: Austria defied growing pressure to follow Luxembourg in ending bank secrecy, after a group led by Europe’s six biggest countries pledged to...

Germany puts brakes on EU bank union 14 Apr 2013 - 01:15 am

DUBLIN: Germany said European banking union will require changes to EU law, in a call that could slow completion of the plan designed...

Indian minister heads to US, Canada to woo investors 14 Apr 2013 - 01:15 am

NEW DELHI: India’s finance minister heads to Canada and the United States this weekend to seek investment to plug a gaping hole in...

Saudi Savola first quarter net profit up 21.8 percent 14 Apr 2013 - 01:14 am

Al KHOBAR: Savola Group, the Saudi Arabia-based food conglomerate, posted a 21.8 percent year-on-year rise in its first-quarter net profit to SR295.2m ($78.72m),...

Salini eyes foreign growth after Impregilo merger 14 Apr 2013 - 01:10 am

MILAN: Italian builder Salini, taking over larger rival Impregilo (IPGI.MI), expects the merged group to double revenues over the next three years helped...

Ukraine promotes domestic car market 13 Apr 2013 - 04:14 am

A man walks past cars on sale outside an automobile dealership in Kiev. Ukraine imposed new tariffs of 6.5 to 13 percent on...

Tesco shifts focus 13 Apr 2013 - 04:13 am

A customer shops at a Tesco shop in Bishop’s Stortford, southern England. After a decade pushing its non-food business, Tesco is changing and...

Eurozone’s nod for problematic Cyprus bailout 13 Apr 2013 - 04:12 am

DUBLIN: Eurozone finance ministers formally approved yesterday the terms of a problematic Cyprus debt rescue that will cost Nicosia much more than first...

US retail data point to flagging economy 13 Apr 2013 - 04:12 am

WASHINGTON: US retail sales contracted in March for the second time in three months and consumer confidence tumbled in April, a sign that...

Russia at risk of recession: Minister 13 Apr 2013 - 04:11 am

BLAGOVESHCHENSK: Russia’s economy is at risk of sliding into recession by autumn and the government may need to implement stimulus measures to shore...