Business

Vancouver home price surge worries businesses 29 Dec 2014 - 01:27 am

VANCOUVER: When Allan Pulga, a communications manager, found out he was going to be a father, he had to make a tough choice...

Vietnam economic growth speeds up on exports, beating target 29 Dec 2014 - 01:26 am

Hanoi: Vietnam’s economic growth accelerated in the fourth quarter as banks increased lending and rising foreign investment boosted exports. Gross domestic product rose...

Hong Kong home sales to hit record 29 Dec 2014 - 01:25 am

Hong Kong: Hong Kong’s new home sales are expected to bring record proceeds this year as property developers actively sell new residential projects...

DI plans $2.7bn of projects in five years 29 Dec 2014 - 01:20 am

Dubai: Dubai Investments PJSC plans Dh10bn ($2.7bn) of real-estate projects in the next five years as it seeks to benefit from resurgent property...

Saudi budget pegs oil price at $60: Analysts 29 Dec 2014 - 12:06 am

DUBAI: Saudi Arabia’s 2015 state budget assumes an oil price close to current levels of around $60 a barrel for Brent crude, a...

Flamboyant AirAsia boss confronts first major crisis 28 Dec 2014 - 06:47 pm

KUALA LUMPUR--Malaysian mogul Tony Fernandes, who transformed a floundering carrier into Asia's biggest budget airline, faces his first major crisis after an AirAsia...

German government sees low oil prices helping economy 28 Dec 2014 - 04:30 pm

BERLIN-- The German government expects low oil prices to boost growth in Europe's biggest economy by 0.3-0.2 percent next year, Der Spiegel magazine...

Europe 'not doing so badly': Bundesbank chief 28 Dec 2014 - 02:28 pm

BERLIN-- Europe's economy is not doing as badly as some people think, Germany's central bank chief Jens Weidmann said Sunday as he gave...

Montenegro adopts 2015 budget 28 Dec 2014 - 02:27 pm

A hundred and sixty MPs voted for the budget, while 5 voted against PODGORICA--The tiny Adriatic nation of Montenegro adopted its 2015 budget...

Russia allocates $110 mln for arms exporters 28 Dec 2014 - 01:32 pm

MOSCOW-- The Russian government said on Sunday it has pledged 6 billion roubles ($110 million) to help arms exporters service loans from domestic...

After Christmas sales 28 Dec 2014 - 03:40 am

Shoppers are pictured during day after Christmas sales at Citadel Outlets in Los Angeles, California.

City Link shut 28 Dec 2014 - 02:50 am

The gates at a City Link depot are padlocked in south London. British courier and parcel firm City Link has gone into administration...

Spain optimistic about growth 28 Dec 2014 - 02:12 am

Spanish Prime Minister Mariano Rajoy takes questions during a press conference following the last Cabinet meeting of the year, in Madrid, Spain. Rajoy...

Bosnian workers march 28 Dec 2014 - 02:11 am

Bosnian workers march through the village of Cerik, as they walk towards the Bosnian-Croatian border. Nearly 200 Bosnian employees left the city of...

Japan approves $29bn stimulus programme 28 Dec 2014 - 02:08 am

The cabinet of Japanese Prime Minister Shinzo Abe has approved a $29 bn stimulus package to help the provincial economy, small businesses and...

Russian grain exports revive again as informal curbs ease 28 Dec 2014 - 02:07 am

MOSCOW:Russian grain exports have picked up again after the decision to impose official export duties reduced the informal curbs that had all but...

Amazon draws 10m new Prime members over holidays 28 Dec 2014 - 02:07 am

New York: Amazon.com Inc said it drew more than 10 million new members to its Prime shipping and digital content service over the...

Uber broke Indian financial rules: RBI 28 Dec 2014 - 01:59 am

NEW DELHI: India’s central bank chief lashed out at Uber, already under fire over the alleged rape of a passenger, saying the US...