Business

Philips to buy Volcano in $1.2bn deal 17 Dec 2014 - 11:48 pm

THE HAGUE: Dutch electronics giant Philips announced yesterday it was buying US-based medical imaging company Volcano for $1.2bn, as it sought to strengthen...

Opec not to step in now as Brent falls below 60 17 Dec 2014 - 09:55 am

Kuwaiti Oil Minister Ali Al Omair looks on as he attends a Parliament session at Kuwait’s national assembly in Kuwait City yesterday. NEW...

GECF discusses market challenges 17 Dec 2014 - 09:54 am

The Minister of Energy and Industry H E Dr Mohamed bin Saleh Al Sada with GECF member-country ministers and delegates at the Forum...

Women in business achieving success 17 Dec 2014 - 09:54 am

Qatar Businesswomen Association Vice-Chairwoman Aisha Al Fardan and other officials at the Qatar international Business Women Forum yesterday. Baher Amin DOHA: Despite challenges...

UK banks scrape through stress tests 17 Dec 2014 - 09:53 am

LONDON: The Bank of England gave Britain’s state-backed lenders a narrow pass in its debut annual stress tests yesterday, but warned that next...

Hyundai’s new Sonata hybrid sedan 17 Dec 2014 - 09:52 am

A Hyundai Motor Co’s new Sonata hybrid midsize sedan is unveiled at an event in Seoul yesterday. The new vehicle, which took 27...

Rouble suffers steepest drop in 16 years 17 Dec 2014 - 09:52 am

MOSCOW: The rouble plunged more than 11 percent against the dollar yesterday in its steepest intraday fall since the Russian financial crisis in...

Qatari stocks tumble 3.51pc 17 Dec 2014 - 09:50 am

DOHA: A fresh bout of panic selling pushed Qatari stocks down 3.51 percent sending the entire sector indexes to red zone. The market...

RBS shrinks Irish arm with sale of $7.5bn of loans to Cerberus 17 Dec 2014 - 09:49 am

LONDON: Royal Bank of Scotland has sold $7.5bn of Irish property loans to US private equity firm Cerberus, shedding a big chunk of...

Gulf can cope with cheaper oil, says IMF 17 Dec 2014 - 09:48 am

DUBAI: The Arab energy exporting states of the Gulf can cope comfortably with sliding oil prices, an International Monetary Fund official said yesterday,...

ONGC, PDVSA to raise $1bn for Venezuela JV 17 Dec 2014 - 09:48 am

CARACAS/ NEW DELHI: India’s Oil and Natural Gas Corp (ONGC) and Venezuela’s state oil company PDVSA are seeking around $1bn in credit to...

Repsol to buy Talisman Energy for $13bn 17 Dec 2014 - 12:32 am

Repsol Chairman Antonio Brufau (right) and CEO Josu Jon Imaz during a news conference at Repsol’s headquarters in Madrid yesterday. Spain’s Repsol has...

US housing starts fall, but trend points to recovery 17 Dec 2014 - 12:30 am

WASHINGTON: US housing starts and permits fell in November, but remained at levels consistent with a gradually improving housing market. Groundbreaking declined 1.6...

Dubai property price rise slows 17 Dec 2014 - 12:29 am

DUBAI: Increases in Dubai property prices slowed in the second half of 2014 and valuations will be steady next year as a glut...

Low-cost cars outperform fragile European recovery 17 Dec 2014 - 12:29 am

PARIS/MILAN: European car sales increased by just 1.2 percent last month, with budget brands led by Renault’s Dacia faring better as nervous consumers...

Ford India to recall 20,752 EcoSports 17 Dec 2014 - 12:24 am

MUMBAI: Ford Motor Co’s India unit said it will recall 20,752 EcoSport cars in the country to correct concerns about fuel and vapor...

Honda to recall 569,769 cars in China due to Takata air bags 17 Dec 2014 - 12:21 am

BEIJING: Chinese authorities said that Honda Motor Co1 and its two joint ventures in China would recall 569,769 cars due to potentially defective...

China industrial activity shrinks to 7-month low 17 Dec 2014 - 12:20 am

Workers assemble cars in a factory in Zouping, east China’s Shandong province yesterday as manufacturing activity worsened in December. BEIJING: Activity in China’s...