Business

India's Mistry launches legal battle against Tata Sons 20 Dec 2016 - 07:13 pm

New Delhi: Cyrus Mistry, the ousted former chairman of Indian conglomerate Tata, took his battle against former employer Tata Sons to court Tuesday,...

Belarus PM wants Russia to give it same gas price as Russian regions 20 Dec 2016 - 10:25 am

MINSK: Belarus wants Moscow to give it the same price for Russian gas as Russian regions bordering the ex-Soviet country pay, Belarussian Prime...

Qatar Airways wins Mercurys Award 20 Dec 2016 - 01:21 am

Qatar Airways has been awarded Best Premium Service Concept 2016 for exceptional on-board catering innovation from the Mercurys Awards. The accolade was presented...

Oil prices likely to stay around $55-$65 20 Dec 2016 - 01:19 am

Oil prices are expected to stay around the $55-$65 per barrel in the near future, said Dr Haitham Al Salama, QFC Authority Chief...

Commercial Bank completes acquisition 20 Dec 2016 - 01:19 am

Judges find Lagarde guilty of negligence 20 Dec 2016 - 01:19 am

Paris: A French court yesterday found IMF head Christine Lagarde (pictured) guilty of negligence over a massive state payout to a tycoon when...

BP buys stakes in Kosmos Energy for $916m 20 Dec 2016 - 01:15 am

London: BP Plc agreed to buy stakes in West African licences held by Kosmos Energy Ltd for $916m as the British producer builds...

Joy Alukkas recognised as 'Business Innovator' at NDTV Awards 20 Dec 2016 - 01:15 am

Joyalukkas Group Chairman & MD, Joy Alukkas was recognised as “Business Innovator” at the NDTV Gulf Indian Excellence Awards 2016, held on December...

Opec deal makes oil investors most bullish since slump began 20 Dec 2016 - 01:12 am

New York: Investors are the most optimistic on oil since the slump began two and a half years ago. Money managers boosted bets...

Stocks, dollar & bond yields all drift lower 20 Dec 2016 - 01:11 am

London: Stocks, the dollar and bond yields all drifted lower yesterday as investors cashed in on some of their recent bets that the...

Tokyo stocks snap winning streak; Nintendo tumbles 20 Dec 2016 - 01:08 am

Tokyo: Tokyo's benchmark index yesterday snapped a nine-day winning streak as the yen's uptick hit exporters while Nintendo tumbled seven percent with investors...

Apple files appeal over landmark EU tax ruling 20 Dec 2016 - 01:08 am

Brussels: Apple yesterday launched a legal challenge against a landmark EU decision that the tech giant pay billions in back-taxes to Ireland, claiming...

India's Cyrus Mistry resigns from all Tata companies 20 Dec 2016 - 01:08 am

Mumbai: Cyrus Mistry (pictured), the ousted former chairman of Indian conglomerate Tata, announced yesterday he had resigned from all of the group's listed...

Africa at risk of economic blow from future climate threats 20 Dec 2016 - 01:05 am

Rome: Countries most dependent on agriculture are also at high risk of experiencing changes in climate over the next 30 years and face...

GM to shut five US plants in January 20 Dec 2016 - 01:05 am

GENERAL Motors will shut five US auto assembly plants for varying durations in January, primarily to cut oversupply of sedans which have fallen...

Upbeat German business morale hints Q4 rebound 20 Dec 2016 - 01:05 am

Berlin: German business morale rose in December, hitting its highest level since February 2014 and supporting expectations that Europe’s largest economy will rebound...