Business

US businesses line up to tap Cuba trade potential 23 Dec 2014 - 11:34 pm

MIAMI: US businesses are lining up to take advantage of the enormous investment potential of Cuba, all but untouched for more than half-a-century...

Argentina loses US appeal over creditors’ subpoenas 23 Dec 2014 - 11:33 pm

NEW YORK: A US appeals court yesterday rejected Argentina’s bid to reverse a decision requiring the country and various banks to provide holdout...

Business interest piqued by prospect of US, Cuba trade 23 Dec 2014 - 09:08 pm

Old American cars are seen on a street in Havana, Cuba MIAMI - US businesses are lining up to take advantage of the...

European stocks advance in subdued Christmas trade 23 Dec 2014 - 08:58 pm

LONDON - European equities rose in thin holiday trade Tuesday as dealers ignored sharp falls in Asia to focus on stellar US growth...

Iraqi cabinet approves $102.5 bn budget for 2015 23 Dec 2014 - 08:45 pm

Iraqi labourers walk past an oil tanker docked at a floating platform BAGHDAD - The Iraqi cabinet on Tuesday approved a $102.5 billion...

Dow tops 18,000 for 1st time on strong US growth 23 Dec 2014 - 05:57 pm

NEW YORK - The Dow stock index topped 18,000 for the first time on Tuesday, rising in the opening moments of trade following...

India slashes health budget 23 Dec 2014 - 05:28 pm

NEW DELHI, Dec 23 (Reuters) - The Indian government has ordered a cut of nearly 20 percent in its 2014/15 healthcare budget due...

Iraq's oil export rise in December towards record 23 Dec 2014 - 05:10 pm

LONDON- Iraq's oil exports are rising in December towards a record high, according to loading data and industry sources, as OPEC's second-largest producer...

Lower oil price "double-edged sword" for Egypt 23 Dec 2014 - 04:34 pm

CAIRO-- The fall in global oil prices will cut Egypt's fuel subsidy bill but could hit the finances of oil-exporting Gulf allies who...

Spain economy could grow 1.4% in 2014 23 Dec 2014 - 04:32 pm

MADRID--Spain's recovering economy could grow by up to 1.4 percent this year, the country's central bank said on Tuesday in a forecast that...

US-Israel gas field control nixed over monopoly fears 23 Dec 2014 - 04:00 pm

Delek Energy JERUSALEM--Israel's Antitrust Authority said Tuesday that US giant Noble Energy and its Israeli partner Delek would not be able to continue...

British third quarter growth confirmed at 0.7% 23 Dec 2014 - 02:23 pm

LONDON-- British economic growth slowed to 0.7 percent in the third quarter of 2014 from the previous three months, official data showed Tuesday,...

OPEC wont cut output even at $20 per barrel: Saudi 23 Dec 2014 - 02:06 pm

RIYADH--OPEC will not cut oil production even if the price drops to $20 a barrel and it is unfair to expect the cartel...

Satyam Computer Services verdict on 9 March 23 Dec 2014 - 01:45 pm

A special court today set March 9, 2015, as the date for the verdict in the multi-crore accounting fraud in erstwhile Satyam Computer...

Hong Kong shares end down 0.32% 23 Dec 2014 - 12:32 pm

HONG KONG---Hong Kong stocks dropped 0.32 percent Tuesday after mainland Chinese shares slumped, as dealers said a recent run-up created room for a...

Taiwan fines Uber for illegal operation 23 Dec 2014 - 12:24 pm

TAIPEI-- Taiwan has slapped a string of fines on app-based taxi service Uber for operating illegally, the latest blow to the US company...

China leads Asian market slump 23 Dec 2014 - 12:10 pm

HONG KONG---China led a slump in Asian markets Tuesday, with Shanghai registering one of its biggest percentage falls of the year and banks...

Gold climbs from 3-week low on softer dollar, equities 23 Dec 2014 - 12:10 pm

SINGAPORE-- Gold rose on Tuesday, moving away from a three-week low hit in the previous session, as the dollar and equities eased after...