Business

Petronas Q2 profit down 47pc 15 Aug 2015 - 12:00 am

Malaysia’s Petronas Twin Towers are seen through windows of an abandoned house in Kuala Lumpur yesterday. Kuala Lumpur: Malaysian state energy firm Petronas...

Greece close to sealing loan deal 15 Aug 2015 - 12:00 am

Greece’s Finance Minister Euclid Tsakalotos (bottom) and French Finance Minister Michel Sapin attend an extraordinary Eurogroup meeting on Greece at the European Council...

Solid U.S. retail sales bolster Fed rate hike expectations 14 Aug 2015 - 12:00 am

A group of Chevrolet Camaro cars for sale is pictured at a car dealership in Los Angeles, California April 1, 2014. WASHINGTON: U.S....

India prepares to pay Iran $1.4 bn in oil dues 14 Aug 2015 - 12:00 am

NEW DELHI: Indian refiners have been told to prepare to pay Iran $1.4 billion in oil dues, two sources with knowledge of the...

India’s states go it alone to woo investment 14 Aug 2015 - 12:00 am

Employees walk to enter the General Motors plant in Talegaon, on the outskirts of Pune. MUMBAI/NEW DELHI: It took two months of courting,...

China halts regular intervention, PBOC will manage yuan volatility 14 Aug 2015 - 12:00 am

Pedestrians walk past a yuan and a US dollar currency sign in Hong Kong yesterday. BEIJING/SHANGHAI: China’s central bank said yesterday that it...

Samsung unveils high-end phones 14 Aug 2015 - 12:00 am

JK Shin, President and CEO of Samsung Electronics, speaks during a Samsung event yesterday in New York. NEW YORK/SEOUL: Samsung Electronics Co Ltd...

Qatari market stages relief rally 14 Aug 2015 - 12:00 am

DOHA: Qatari stock market staged a relief rally, snapping a three straight weeks of bearish trend. Driven by real estate and banks, the...

China central bank tries to soothe global markets, says no reason for yuan to fall further 13 Aug 2015 - 02:29 pm

A customer holds Chinese Yuan notes as she pays for pork at a market in Beijing, August 12, 2015. BEIJING/SHANGHAI: China's central bank...

China weakens yuan for third day but reassures markets 13 Aug 2015 - 02:20 pm

SHANGHAI: China weakened its currency for the third consecutive day Thursday, but financial markets that had been shaken by the surprise devaluation took...

Lenovo cuts 3,200 jobs as profit tumbles 13 Aug 2015 - 10:14 am

BEIJING: China's Lenovo Group Ltd will lay off 10 percent of white-collar staff after sales of Motorola handsets fell by a third, raising...

Creditors to subject Greek deal to Oct test 13 Aug 2015 - 12:00 am

Greek Prime Minister Alexis Tsipras and Greek Economy Minister Giorgos Stathakis at a press conference after their meetings at the Greek Ministry of...

Indonesia’s trade minister plucked from executive suite 13 Aug 2015 - 12:00 am

JAKARTA: Thomas Lembong (pictured) has mingled for years with bankers and private equity executives, but yesterday swapped that to take up the post...

IBQ’s thanq winner 13 Aug 2015 - 12:00 am

International Bank of Qatar (ibq) official honouring Qatar Airways Captain Athanasios Kolovos as the winner of the monthly prize draw for the bank’s...

Almotahajiba gets ISO certification 12 Aug 2015 - 11:02 pm

Officials of Almotahajiba Factory, a garment factory under Al Siddiqi Holding, with the ISO 9001:2008 certification. It is the first and only readymade...

Russian banking woes mount 12 Aug 2015 - 11:01 pm

A woman walks past a currency exchange office in Moscow yesterday. Russia’s currency fell to a six-month low yesterday. MOSCOW: More Russian banks...

Facebook struggles to sell ads in India 12 Aug 2015 - 11:00 pm

SAN FRANCISCO/MUMBAI: Facebook is trying to lure skeptical advertisers in India with features such as free email support for questions about advertising and...

Moody’s cuts Brazil rating to near junk 12 Aug 2015 - 10:55 pm

Brazilian President Dilma Rousseff (right) and Vice-President Michel Temer attend the launching ceremony of the Investment Program in Energy at Planalto Palace in...