Business

Workiva debuts at NYSE 14 Dec 2014 - 12:46 am

Matthew Rizai, CEO of the data analytics company Workiva, rings a bell to begin IPO trading at the New York Stock Exchange.

Mexico unveils first phase of historic oil reforms 14 Dec 2014 - 12:44 am

MEXICO CITY: Mexico unveiled rules for the first phase of its historic opening of the oil sector to foreign investors, pledging transparent auctions...

Gulf Air takes part in New Zealand meet 14 Dec 2014 - 12:44 am

Doha: Worldwide Airline Customer Relations Association (WACRA) Chairperson and Gulf Air Senior Manager Customer Experience, Kavita S Al Jassim, along with WACRA board...

Aston Martin looks to raise funds for new models 14 Dec 2014 - 12:43 am

PARIS/LONDON: Aston Martin is preparing to raise funds to expand its range of models into new areas including crossover SUVs, two sources with...

US inaction on IMF reforms irks chief 14 Dec 2014 - 12:43 am

WASHINGTON: International Monetary Fund Managing Director Christine Lagarde said she was disappointed that the US Congress failed this week to ratify crucial IMF...

Halliburton slashes 1,000 jobs in Asia, Europe, Africa 14 Dec 2014 - 12:42 am

NEW YORK: Halliburton, the world’s second biggest oil services company, said it is slashing 1,000 jobs in its eastern hemisphere offices amid tumbling...

Businesses look for investment pledge at US-China trade talks 14 Dec 2014 - 12:42 am

WASHINGTON: US businesses are hoping for a pledge from American and Chinese officials at talks in Chicago next week to move ahead quickly...

WTO talks on duty-free trade in IT goods collapse 14 Dec 2014 - 12:41 am

GENEVA: Talks on cutting trade tariffs on hundreds of information technology products collapsed, delaying and potentially scuppering a deal estimated to be worth...

Question on investors’ minds on Fed move: Will they or won’t they? 14 Dec 2014 - 12:41 am

NEW YORK: “Will they or won’t they?” is the question on investors’ minds as the Federal Reserve policy-setting committee meets this week for...

Australia budget concerns real: central bank 14 Dec 2014 - 12:41 am

SYDNEY: Australia’s central bank governor called on the nation’s politicians to tackle the “real issue” of the country’s growing budget deficit, saying action...

EU urges leaders to back Juncker plan 14 Dec 2014 - 12:40 am

BRUSSELS: The EU urged doubtful national leaders to back Jean-Claude Juncker’s new investment plan at a summit next week after the scheme struggled...

Chrysler Group expands its Takata air bag recall in US 14 Dec 2014 - 12:39 am

DETROIT: Chrysler Group is expanding its US recall of older-model vehicles with Takata Corp passenger-side air bags, adding a second inflator design to...

Investors call for StanChart to plan for life after Sands 14 Dec 2014 - 12:39 am

LONDON: Standard Chartered is being urged to plan for life beyond Peter Sands after a strategy update last month failed to restore confidence...

Brent prices tumble towards $62 13 Dec 2014 - 01:06 am

LONDON: Oil fell to fresh lows not seen since July 2009 yesterday with Brent crude slipping towards $62 a barrel on concerns over...

Tesla’s China chief quits 13 Dec 2014 - 01:03 am

A man looks at Tesla Motors’ Model S P85 at its showroom in Beijing. The US electric car maker said yesterday its China...

South Stream woes 13 Dec 2014 - 12:58 am

Gas pipes bearing the flags of Serbia and Russia lie on the ground near the Serbian village of Sajkas, north of Belgrade, where...

Italian unions strike against reforms 13 Dec 2014 - 12:57 am

Police officers and protesters clashing during a nationwide strike, in Milan, northern Italy, yesterday. ROME: Two major Italian unions held a nationwide strike...

Uber drivers strike in Delhi 13 Dec 2014 - 12:56 am

Uber taxi drivers hold placards during a protest against the ban on online taxi services in New Delhi yesterday. The ban has brought...