Business

Qatar, US hold business talks 01 Feb 2015 - 01:32 am

Qatari delegation headed by H E Sheikh Mohamed bin Hamad bin Khalifa Al Thani in Washington. DOHA: A Qatari delegation headed by H...

Cheap oil: Chevron slashes investment, share buybacks 31 Jan 2015 - 09:20 pm

New York - Chevron slashed $5 billion from its investment budget and shut down its share buyback program Friday as the crude price...

Russia's economy to shrink by 3% in 2015 31 Jan 2015 - 04:25 pm

Moscow--Russia's economy minister on Saturday said GDP is expected to shrink by three percent in 2015 with oil prices at $50 a barrel,...

China bank says operations 'normal' as chief reportedly taken away 31 Jan 2015 - 11:58 am

Beijing---China Minsheng Bank said Saturday that its operations were "normal" following reports that its president had been taken away to aid in a...

US economic growth in 2014 fastest in four years 31 Jan 2015 - 10:44 am

Washington---The US economy grew at its fastest pace in four years in 2014, outpacing all of the other major developed countries as consumers...

US reaps $41 bn in wireless spectrum auction 31 Jan 2015 - 10:20 am

Washington---The US government is getting more than $41 billion from an auction of wireless spectrum, highlighting surging demand for new devices that connect...

Panasonic closes TV plant in China, to sell Mexican factory 31 Jan 2015 - 10:19 am

Tokyo--Panasonic has closed its last remaining TV manufacturing factory in China and is to sell its plant in Mexico as part of a...

Japanese shipping firm exec admits price-fixing in US 31 Jan 2015 - 10:12 am

Washington---An executive of Japanese shipping company Kawasaki Kisen Kaisha pleaded guilty Friday to conspiracy to fix prices for transporting cars and will serve...

Alibaba's Ma meets top China regulator after fakes row 31 Jan 2015 - 09:57 am

Ali Baba's Ma Beijing--Alibaba founder Jack Ma has met with the head of a powerful Chinese regulator, days after authorities accused the e-commerce...

US stocks end volatile week sharply lower 31 Jan 2015 - 09:56 am

New York---Wall Street stocks Friday finished a volatile week sharply lower following a disappointing US economic growth report and worrisome data on eurozone...

Honda cuts profit forecast on recall costs 31 Jan 2015 - 01:55 am

The logos of the Honda Motor Co are seen on the company’s ASIMO dolls displayed at the company showroom in Tokyo yesterday. The...

Spain returns to growth after six-year slump 30 Jan 2015 - 11:46 pm

Madrid - Spain returned to growth in 2014 after a six-year slump, official data showed Friday, but the recovery is far from being...

Brazil economy posts first budget gap in 12 years 30 Jan 2015 - 11:39 pm

Brasília - Brazil on Friday posted its first budget deficit in 12 years -- more bad news for an economy already battling high...

US economic growth in 2014 fastest since 2010 30 Jan 2015 - 10:51 pm

An employee at an Ohio steel manufacturer Washington - The US economy had its best year since 2010 last year, outpacing all of...

Qatar Airways takes 10% stake in BA-owner IAG 30 Jan 2015 - 09:00 pm

London - Qatar Airways on Friday snapped up almost 10 percent of IAG, parent of British Airways and Spanish carrier Iberia, in the...

Russia's central bank makes surprise interest rate cut to 15% from 17% 30 Jan 2015 - 04:57 pm

Moscow---Russia's central bank cut Friday its main interest rate to 15 percent from 17 percent in a move that caught markets by surprise,...

European stocks fall as deflation fears bite 30 Jan 2015 - 04:28 pm

London---European stock markets fell Friday, as deflation worries deepened for the eurozone, which was set for showdown talks with Greece over a possible...

Germany suspends minimum wage for foreign transit truckers 30 Jan 2015 - 04:20 pm

German Labour Minister Andrea Nahles Berlin---Germany temporarily hit the brakes Friday on applying its new minimum wage to foreign truck drivers transiting the...