Business

NEW YORK: Canadian pharmaceutical company Valeant is close to a deal to acquire US eye health company Bausch & Lomb for about $9bn,...

GENEVA: The World Trade Organisation said that its dispute settlement board had agreed to a request from Japan to create a panel to...

A general view of the ArcelorMittal Florange-Hayange blast furnace in Hayange near Florange, Eastern France. After the 2009 closure of the nearby Gandrange...

CAIRO/MOSCOW: Egypt’s Orascom Telecom (OTH) is closer to being delisted, sources said yesterday, after holders of around 10 percent of its stock agreed...

  MUMBAI: Shareholders of India’s Jet Airways yesterday approved a deal in which Abu Dhabi-based airline Etihad will take a 24 percent stake in...

LONDON: HSBC’s   Chairman Douglas Flint called for an acceleration in the speed of reform within the industry as the bank was criticised by...

VIENNA: Raiffeisen Bank International  Chief Executive Herbert Stepic resigned yesterday in what he called an effort to spare his bank from negative publicity...

MADRID: Spanish savers vented their fury against bailed-out Bankia yesterday after the already-diminished value of their stock investments in the bank plummeted by...

Employees work at a factory which makes bearing cages in Liaocheng, Shandong province, yesterday. As evidence mounts that China’s economy is losing momentum,...

PARIS/LONDON: Gulf telecom operator Etisalat has offered a higher price for Vivendi’s  Maroc Telecom stake than rival Qatari bidder Ooredoo , according to...

  Workers check parts for Egypt’s first tablet computer “Inar” at a factory in Benha yesterday. Egypt has produced its very first tablet computer,...

PARIS: IMF chief Christine Lagarde’s future was at stake yesterday as French prosecutors grilled her for a second day to decide if she...

FRANKFURT: The German economy, after starting the year weakly, looks set to gather momentum later with consumer and business confidence on the rise,...

  LONDON: As the dust settles on a volatile week, many strategists now sense a green light for a long-brewing multi-year rise of the...

Investors keep a close watch on electronic displays at the Abu Dhabi Securities Exchange. DUBAI: Most Gulf markets fell yesterday as a sell-off...

    Doha: Qatar Exchange (QE) gained 131.72 points (1.48 percent) this week when trading closed yesterday at 9,048.62 points. The trading value increased by...

Ford Australia’s head office in Melbourne. Ford Motor Co will shut its two Australian auto plants in October 2016, blaming a strong currency...

DUBAI: Bahrain’s Al Salam Bank  and BMI Bank, an affiliate of Oman’s Bank Muscat, have announced plans to merge, a tie-up which would...