Business

Hyundai, Kia promote younger executives, with eye on succession 28 Dec 2014 - 01:45 am

SEOUL: Hyundai Motor and affiliate Kia Motors promoted younger executives on Friday, in moves analysts said would help smoothen an eventual leadership succession...

Rouble rout may spell further trouble: QNB 28 Dec 2014 - 01:15 am

Doha: The capital flight from developing economies has accelerated, most spectacularly from Russia. A toxic mix of falling oil prices and international sanctions...

Ukraine secures cheap Russian coal and power supplies 27 Dec 2014 - 09:33 pm

A miner works at the Kalinovskaya-Vostochnaya coal mine in the eastern Ukrainian city of Makeevka near Donetsk KIEV - Moscow promised on Saturday...

Spain hepatitis patients say cutbacks block vital drugs 27 Dec 2014 - 09:09 pm

Hepatitis C sufferers and supporters demonstrate outside Spain's health ministry on December 27, 2014 MADRID - Several hundred hepatitis C sufferers and their...

Credit Suisse bid to dismiss US mortgage denied 27 Dec 2014 - 03:17 pm

NEW YORK---Swiss banking giant Credit Suisse can be prosecuted for its role in the US housing finance meltdown, according to a court decision,...

Japan approves $29 bn stimulus package 27 Dec 2014 - 01:55 pm

Shinzo Abe TOKYO---The cabinet of Japanese Prime Minister Shinzo Abe approved a fresh stimulus package worth $29 billion Saturday in a bid to...

Dollar pushes rupee down to Rs100.9 27 Dec 2014 - 12:51 pm

KARACHI - Dollar took strength against rupee in money market on Friday as it was traded at the highest rate of Rs 100.90...

Pakistan, Iran reach agreement on gas deal 27 Dec 2014 - 12:39 pm

LAHORE -- Energy-starved Pakistan has convinced Iran to step back from demanding $200m a month from January 1 to compensate for Islamabad’s failure...

Dollar gains on euro after strong US data 27 Dec 2014 - 12:29 pm

NEW YORK---The dollar edged higher against the euro Friday, rising further on the heels of a strong US economic growth report earlier this...

China Shanghai free trade zone to expand 27 Dec 2014 - 11:53 am

SHANGHAI-- China will dramatically expand the size of a free trade zone (FTZ) in Shanghai to include the city's commercial centre where major...

Panama Canal claims $737 mn in cost overruns 27 Dec 2014 - 10:28 am

Panama Canal PANAMA CITY---The consortium expanding the Panama Canal is making fresh claims for cost overruns totalling $737 million, officials said Friday. Canal...

US stocks hit new records, Dow posts 7th straight gain 27 Dec 2014 - 10:26 am

NEW YORK---Wall Street stocks rose to fresh records Friday as investors continued to savour an outstanding US GDP report released earlier this week....

Online sales hit Boxing Day shopping in UK 27 Dec 2014 - 02:00 am

Shoppers look for bargains in Selfridges department store in central London during the first hour of business yesterday, in the post Christmas, Boxing...

Japan Post announces plan for Tokyo share listing 27 Dec 2014 - 01:58 am

The sign board of the Japan Post seen in the Ginza shopping district in central Tokyo yesterday. TOKYO: Japan Post yesterdayconfirmed a long-awaited...

Robot restaurant 27 Dec 2014 - 01:57 am

A cook works in front of robots at the kitchen of a restaurant in Hefei, Anhui province in China. The restaurant, with a...

‘Lucky bags’ sale 27 Dec 2014 - 01:53 am

Employees of a department store place products into ‘lucky bags’ for their new year sale in Tokyo yesterday. The bags will go on...

No need for sovereign fund: Saudi minister 27 Dec 2014 - 01:49 am

RIYADH: Saudi Arabia’s finance minister said there was no need for the kingdom to create a sovereign wealth fund to manage its oil...

Japan says yes to Novartis psoriasis drug 27 Dec 2014 - 01:48 am

GENEVA: Swiss pharmaceutical company Novartis said yesterday it has won approval to market its Cosentyx psoriasis treatment in Japan, making it the first...