Business

Malabar Gold and Diamonds opens 130th outlet 16 Apr 2015 - 12:03 pm

Bollywood Actor Anil Kapoor along with Sheikh Sultan bin Saqer Rashid Humaid Al Nuiami inaugurated Malabar Gold & Diamonds’ 130th outlet in Ajman....

Australia's Telstra completes Pacnet acquisition 16 Apr 2015 - 12:01 pm

Sydney--Cashed-up Australian telecoms giant Telstra said Thursday it has completed its acquisition of Pacnet, Asia's biggest private owner of submarine communication cables, with...

Tokyo stocks open flat 16 Apr 2015 - 11:50 am

Tokyo--Tokyo stocks opened flat on Thursday while the yen held up on mostly lacklustre US economic data. The Nikkei 225 index at the...

Etsy prices shares at $16 for stock market debut 16 Apr 2015 - 11:05 am

San Francisco--Etsy priced its shares at $16 ahead of its Thursday Wall Street debut for the online marketplace known for handicrafts and strong...

Dollar dips on lackluster US data 16 Apr 2015 - 10:29 am

New York--The dollar retreated for a second day in a row Wednesday following another round of mostly lackluster US economic data. US industrial...

Japan tops China as biggest foreign holder of US bonds 16 Apr 2015 - 10:18 am

Washington--Japan eclipsed China as the largest holder of US bonds in February, the Treasury Department reported Wednesday, the first time that has happened...

QIB’s Q1 profit rises 19pc 16 Apr 2015 - 04:38 am

DOHA: Qatar Islamic Bank (QIB), Qatar’s leading Islamic bank, said its net profit attributable to the shareholders of the bank amounted to QR400m...

Intel lifted by data centres, as PC market flounders 15 Apr 2015 - 07:25 pm

New York - US technology giant Intel said Tuesday its profits edged higher in the first quarter, as gains in its data centre...

Schaeuble 'confident' Greece won't exit eurozone 15 Apr 2015 - 06:03 pm

Wolfgang Schaeuble New York--German Finance Minister Wolfgang Schaeuble said Wednesday that he does not expect Greece to leave the eurozone, even if markets...

Bank of Canada maintains key lending rate at 0.75% 15 Apr 2015 - 06:00 pm

Ottawa--Canada's central bank maintained its key lending rate at 0.75 percent Wednesday, saying the plunge in oil prices appears to have "stalled" the...

European stocks rise as stimulus set to flow 15 Apr 2015 - 05:52 pm

London--European equities rebounded Wednesday as weak Chinese economic growth data stoked Beijing stimulus hopes while the ECB pledged to fully implement its stimulus...

US industrial production falls in March 15 Apr 2015 - 05:43 pm

Washington--US industrial production fell sharply in March, pulled down by lower utility output as bad winter weather faded, the Federal Reserve said Wednesday....

Switzerland to return nearly $20 million to Brazil 15 Apr 2015 - 05:34 pm

Geneva--Switzerland is returning to Brazil $19.4 million seized after a probe into money laundering, the attorney-general's office said Wednesday. An investigation was launched...

Draghi says 'surprised' by talk of early exit to QE programme 15 Apr 2015 - 05:15 pm

Frankfurt--European Central Bank chief Mario Draghi said Wednesday he was "surprised" by speculation about an early phasing out of the bank's controversial bond...

ECB chief says clear that policy measures are 'effective' 15 Apr 2015 - 05:12 pm

Frankfurt--European Central Bank chief Mario Draghi said Wednesday that there was "clear evidence" that the bank's monetary policy measures were "effective" and the...

ECB news conference interrupted after woman charges at Draghi 15 Apr 2015 - 04:32 pm

Frankfurt--A news conference by European Central Bank president Mario Draghi in the bank's headquarters was briefly interrupted Wednesday when a young woman charged...

IMF: EU life insurers in danger from low interest rates 15 Apr 2015 - 04:29 pm

Washington--The International Monetary Fund warned Wednesday that Europe's life insurers face a "high and rising threat" to their solvency from the long period...

Toyota lifts new plant freeze with $1.0 bn Mexico factory 15 Apr 2015 - 04:26 pm

Tokyo--The world's biggest automaker Toyota, ending its freeze on building new factories, announced plans on Wednesday for a $1.0 billion plant in Mexico...