Business / World Business

India's Tata in race against time to save global image 26 Oct 2016 - 10:46 am

Mumbai: India's largest conglomerate Tata faces one of the most turbulent periods in its long history after its shock decision to sack its...

Europe must delay trade pact summit: Schulz 26 Oct 2016 - 01:57 am

Frankfurt: Europe must delay a summit this week when EU leaders hoped to sign the hotly-contested CETA free-trade deal with Canada, European Parliament...

Samsung takes another hit over lawsuit 26 Oct 2016 - 01:55 am

SEOUL: A South Korean law firm said yesterday that it expected thousands more people to join a class action lawsuit seeking compensation from...

Caterpillar earnings fall 26 Oct 2016 - 01:55 am

NEW YORK: Heavy equipment maker Caterpillar Inc yesterday said its earnings had again fallen sharply in the third quarter as the company grappled...

Thai economy on track for 3.2% growth in 2016 26 Oct 2016 - 01:53 am

BANGKOK: Thailand’s economy is on track to grow 3.2 percent this year and next and there is no need for further monetary policy...

Moscow airport announces $865mn expansion ahead of World Cup 25 Oct 2016 - 05:24 pm

Moscow: Moscow's Sheremetyevo airport, the largest in Russia, has invested $865 million into building a new terminal and expanding its operations ahead of...

Strong electric toothbrush sales boost P&G earnings 25 Oct 2016 - 02:53 pm

New York: Strong sales of electric toothbrushes and other health care products helped Procter & Gamble report better-than-expected quarterly earnings on Tuesday. The...

IBM apologises for Australian e-census bungle, setting off blame game 25 Oct 2016 - 08:33 am

SYDNEY: International Business Machines Corp said on Tuesday it plans to compensate the Australian government for a "malicious" cyber-attack that shut down a...

Wallonia holds out against Canada trade pact 25 Oct 2016 - 12:52 am

Brussels: A small Belgian region refused yesterday to bow to growing pressure to back a key trade deal with Canada, heightening tensions within...

Gold price steadies in line with dollar 25 Oct 2016 - 12:50 am

LONDON: Gold steadied yesterday in line with the dollar as uncertainty over the timing of a US interest rate hike hemmed prices into...

Only AT&T approached with offer: Time Warner CEO 25 Oct 2016 - 12:49 am

Los Angeles: Time Warner Inc Chief Executive Jeff Bewkes said yesterday that AT&T Inc was the only company to make a takeover approach...

Samsung offers upgrade programme for Note 7 customers in South Korea 25 Oct 2016 - 12:47 am

SEOUL: Samsung Electronics is offering an upgrade programme option to Galaxy Note 7 customers in South Korea who trade in their recalled device...

China Oceanwide to buy Genworth for $2.7bn 25 Oct 2016 - 12:42 am

HONG KONG: China Oceanwide Holdings Group Co has agreed to buy US insurer Genworth Financial Inc for $2.7bn in cash, the latest in...

Ratan Tata back in hot seat as Indian giant dumps Mistry 24 Oct 2016 - 08:44 pm

Mumbai: Industrialist Ratan Tata sensationally returned to the helm of India's biggest conglomerate on Monday as Tata Sons dumped Cyrus Mistry as chairman...

Smartwatch sales tumble, dragged down by Apple 24 Oct 2016 - 08:39 pm

Washington: Global smartwatch sales slid 51.6 percent in the third quarter, amid a steep decline for the Apple Watch ahead of its updated...

India's Tata Sons dumps Cyrus Mistry as chairman 24 Oct 2016 - 03:55 pm

Mumbai: India's Tata Sons dumped Cyrus Mistry as its chairman in a surprise announcement Monday, almost four years after his appointment as the...

PayPal blames cyber attack for disruptions 24 Oct 2016 - 04:05 am

NEW YORK: PayPal Holdings Inc said on Friday that it has experienced some service disruptions due to the cyber attack on Dyn that...

EMs falter as investors assess Fed impact 24 Oct 2016 - 04:01 am

SEOUL/LONDON: Emerging-market stocks fell, reducing their second weekly gain in October, and currencies declined as investors gauged whether further gains in developing-nation assets...