Business

Air Arabia launches Airewards loyalty programme 18 Mar 2015 - 01:13 am

Doha: Air Arabia yesterday launched ‘Airewards’, the first low cost carrier rewards programme in the Mena region, a press release issued by the...

Lufthansa cancels 750 flights due to pilot strikes Wednesday 17 Mar 2015 - 08:39 pm

Frankfurt--German airline Lufthansa said Tuesday it would cancel around half of its scheduled domestic and European flights on Wednesday due to a new...

US credibiilty at risk if IMF reforms not approved: Lew 17 Mar 2015 - 08:28 pm

Washington--The credibility of the United States is at risk if Congress fails to approve International Monetary Fund quota and governance reforms, Treasury Secretary...

Turkey central bank holds rates steady despite Erdogan broadsides 17 Mar 2015 - 07:51 pm

Ankara--Turkey's central bank on Tuesday held key interest rates steady despite blistering attacks from President Recep Tayyip Erdogan urging a sharp cut ahead...

EU banking supervisor calls for more harmonisation 17 Mar 2015 - 06:47 pm

Frankfurt--The head of Europe's new single banking authority said Tuesday that while much progress has been made in harmonising eurozone banking rules, there...

HSBC closing accounts of non-residents in Jersey 17 Mar 2015 - 06:16 pm

London--HSBC is in the process of closing bank accounts in Jersey belonging to people who do not live on the island, a British...

Eurozone stock markets slide; London steady 17 Mar 2015 - 05:26 pm

London--The German and French stock markets slid on Tuesday, reversing strong gains won a day earlier, while the London index was steady on...

US stocks fall as housing starts sink 17 Mar 2015 - 04:51 pm

New York--Wall Street stocks opened lower Tuesday following a big drop in US housing starts as investors awaited the outcome of a two-day...

German investor sentiment hits 13-month high in March 17 Mar 2015 - 04:13 pm

Frankfurt - Investor sentiment in Germany rose for the fifth month in a row to reach a 13-month high in March, driven by...

France, Germany, Italy to join China-led infrastructure bank 17 Mar 2015 - 03:06 pm

Paris - France, Germany and Italy are planning to join Britain in seeking membership in the Chinese-led development bank AIIB, a French official...

Asia markets mostly up, weak US data temper rate talk 17 Mar 2015 - 02:38 pm

Hong Kong - Asian stock markets mostly pushed higher Tuesday, while the dollar eased after weak data appeared to pour cold water on...

China firm seeks $100 bn from Qualcomm 17 Mar 2015 - 02:22 pm

Beijing - A Chinese semiconductor company will seek a $100 billion penalty against Qualcomm for trademark infringement, it said Tuesday -- almost as...

Pinterest raises $367 mn in latest round 17 Mar 2015 - 01:02 pm

San Francisco---The online bulletin-board style social network Pinterest disclosed Monday it had raised $367 million in new capital, pushing its valuation to a...

Dollar steady in Asia as BoJ holds fire 17 Mar 2015 - 12:49 pm

Tokyo---The dollar held up against the yen and euro Tuesday ahead of a closely watched Federal Reserve policy meeting, while the yen faced...

Dollar pulls back after tepid US data 17 Mar 2015 - 12:33 pm

New York---The dollar weakened broadly Monday after tepid US data left the market cautious ahead of a Federal Reserve monetary policy decision this...

Lufthansa pilots to strike Wednesday 17 Mar 2015 - 11:57 am

Berlin---Pilots with German carrier Lufthansa will strike on Wednesday, with the stoppage targeting short and medium-haul flights, the pilots' union Cockpit said Monday....

Pair jailed over Australia's 'worst' insider trading case 17 Mar 2015 - 10:53 am

Sydney---A judge on Tuesday jailed two men over a multi-million dollar insider trading scheme she said was the worst example of the crime...

Singapore Airlines says in talks for possible stake in Jeju Air 17 Mar 2015 - 10:30 am

Singapore---Singapore Airlines (SIA) said Tuesday said it is in talks to buy a stake in South Korean budget carrier Jeju Air, a deal...