Business

Vodafone cuts European CEO job to become more nimble 21 Jul 2015 - 01:21 pm

A shopper walks past a Vodacom shop in Johannesburg February 4, 2015. LONDON: Vodafone said the bosses of its four biggest European markets...

Banks reopen, taxes rise as Greece pays to creditors 21 Jul 2015 - 09:06 am

Long queques seen as people enter a branch of a national bank in Athens yesterday. Athens: Greece’s government hiked taxes and began paying...

Renault mulls Iran launch of crossover 21 Jul 2015 - 09:05 am

German Economy Minister Sigmar Gabriel (left) in talks with Iran’s Oil Minister Bijan Namdar Zangeneh in Tehran yesterday. NEW DELHI: Carmaker Renault is...

PayPal jumps in first trades 21 Jul 2015 - 09:04 am

New York: Shares in PayPal jumped yesterday in the first day after being spun off by eBay, with the online payments group seeing...

Huawei first half revenue up 30pc 21 Jul 2015 - 09:03 am

People walk past a Huawei store in Beijing yesterday. Chinese telecoms equipment giant Huawei said yesterday that revenue surged 30 percent year-on-year in...

Oil prices slip on stronger dollar, ample supply 21 Jul 2015 - 08:09 am

SINGAPORE: Oil prices edged lower on Tuesday, dragged down by a firm dollar and ample supply of both crude and refined products. Expectations...

Greece repays about 4.2 billion euros to ECB 20 Jul 2015 - 08:14 pm

FRANKFURT: Greece repaid the European Central Bank on Monday, the bank said, clearing a key obligation worth about 4.2 billion euros with one...

Lockheed to buy Sikorsky for $9 billion; reviews options for IT business 20 Jul 2015 - 07:26 pm

Aircraft technicians assemble S-92A helicopters at Sikorsky Global Helicopters in Coatesville, Pennsylvania October 16, 2014. WASHINGTON: Lockheed Martin Corp said Monday it would...

Qatar Airways adds two new destinations in Pakistan 20 Jul 2015 - 05:03 pm

DOHA: Qatar Airways has added two new destinations in Pakistan on consecutive days - Sialkot and Faisalabad. Beginning from July 16, the airline...

Schneider Electric takes control of UK software firm Aveva 20 Jul 2015 - 03:50 pm

Jean-Pascal Tricoire, Executive Chairman of French electric equipment company Schneider Electric, poses before the company's 2009 annual results presentation in Paris February 18,...

Dollar hits three-month high on rate view, pans gold 20 Jul 2015 - 01:51 pm

Videographer films an electronic board showing the graphs of exchange rates between the Japanese yen, the U.S. dollar and Euro outside a brokerage...

GCC petrochemical prices decline in June, early July 20 Jul 2015 - 09:06 am

DOHA: The petrochemical prices dropped in June and early July driven by oil price weakness and return of supply after completion of seasonal...

German minister lands in Iran with trade team 20 Jul 2015 - 09:05 am

German Minister for Economy Sigmar Gabriel (right) speaks with Iranian Vice-Minister for Oil, Amit Hossein, in Tehran, Iran, yesterday. Berlin: German Economy Minister...

Italy’s Renzi touts huge tax cuts worth €50bn over 5 years 20 Jul 2015 - 09:05 am

ROME: Italian Prime Minister Matteo Renzi (pictured) yesterday said his newly announced plan to slash taxes over the next three years was a...

Taxes hiked as Greece prepares to reboot economy 20 Jul 2015 - 09:04 am

Athens: Greece prepared yesterday to restart its struggling economy with a revamped government, a bank reboot and a new round of tax hikes...

Return of Iran oil may cause more Opec tensions 20 Jul 2015 - 09:02 am

London: The return of oil from Iran following the landmark nuclear energy deal with world powers could create fresh tensions within Opec but...

In Greek crisis, one big unhappy EU family 19 Jul 2015 - 02:35 pm

Greek Prime Minister Alexis Tsipras arrives for a parliamentary session in Athens, Greece July 16, 2015. BRUSSELS: The latest paroxysm of Greece's debt...

GCC: Yields rise on US rate hike expectations 19 Jul 2015 - 09:06 am

DOHA: Increased expectations of a US rate hike has seen GCC bond yields pick up, while credit default swaps (CDS) rates continued to...