Business

$2 petrol in sight for US drivers 30 Nov 2014 - 12:33 am

HOUSTON: For the first time in five years, $2 petrol is making a comeback in some parts of the US, just in time...

Asian imports of Iran crude fall 30 Nov 2014 - 12:32 am

TOKYO: Asian imports of Iranian crude fell below 1 million barrels per day (b/d) for a second time this year to a one-year...

As prices keep falling, Greeks start to spend 30 Nov 2014 - 12:31 am

ATHENS: At Greek home appliance retail chain Electroniki, a washing machine cost ¤497 six years ago. Today, it sells for ¤356. Like most...

Brent hits four-year low as dollar gains 29 Nov 2014 - 12:42 am

NEW YORK: Brent crude touched fresh four-year lows yesterday, knocking down both energy-related shares and currencies after Opec’s decision a day earlier not...

Inflation in eurozone returns to 5-year low 29 Nov 2014 - 12:37 am

A demonstrator shows the electric plug of a prototype of the “Pariss”, a hybrid roadster manufactured by a small business based in Calais,...

New buyer wanted 29 Nov 2014 - 12:32 am

The car ferry “Danielle Casanova” operated by the SNCM (National Maritime Corsica-Mediterranean company) in the port of Marseille, yesterday. A Marseille court took...

India second quarter growth slows to 5.3pc 29 Nov 2014 - 12:30 am

Labourers work at the site of a commercial building under construction in Mumbai yesterday. India’s economic growth slowed to 5.3 percent. NEW DELHI:...

Mayhem as US Black Friday hits Britain 29 Nov 2014 - 12:29 am

A Walmart employee helps a customer navigate a Black Friday sale flyer at the store in Broomfield, Colorado, yesterday. LONDON: Police blasted stores...

Amusement business 29 Nov 2014 - 12:27 am

Dancers perform during an inauguration of a Hello Kitty amusement park in Anji, Zhejiang province of China yesterday. With an investment of $325m,...

Sberbank expects slower loan growth 29 Nov 2014 - 12:26 am

People walk out of a Sberbank branch in the town of Divnogorsk near Krasnoyarsk, Siberia yesterday. Russia’s biggest bank expects slower loan growth...

No compromise in landmark WTO deal: India 29 Nov 2014 - 12:17 am

NEW DELHI: India said yesterday that food security for its millions of poor had been safeguarded in a landmark global trade reform deal...

Inflation in eurozone returns to 5-year low 29 Nov 2014 - 12:17 am

BRUSSELS: Inflation in the eurozone returned to a five-year low, official data showed yesterday, raising pressure on the European Central Bank to unveil...

Gold falls 1pc, heads for first weekly drop in four 29 Nov 2014 - 12:17 am

LONDON: Gold fell more than one percent yesterday, heading for its first weekly drop in four, hurt by sharply lower oil prices and...

Brazil exits recession with Q3 growth 29 Nov 2014 - 12:16 am

BRASILIA: Brazil’s economy exited recession with growth of 0.1 percent in the third quarter, the government said yesterday, a tepid result that is...

Industry worries to push Japan to expand air bag recall 29 Nov 2014 - 12:15 am

TOKYO: Honda Motor and Mazda Motor may have to recall another 200,000 cars in Japan to replace Takata Corp air bags if Takata...

Sanctioned Russian firms struggle to turn East for bonds 29 Nov 2014 - 12:15 am

MOSCOW: Sanctioned Russian companies hoping to tap Asian bond markets for financing are struggling to find lawyers, underwriters or even bourses to help...

Indonesia overhauls giant Pertamina 29 Nov 2014 - 12:14 am

JAKARTA: Indonesia’s new government took its first steps to clean up a graft-tainted oil and gas industry yesterday, overhauling the management of state...

Malaysia Airlines’ losses widen to 54pc 29 Nov 2014 - 12:14 am

KUALA LUMPUR: Crisis-stricken Malaysia Airlines said yesterday its third-quarter loss widened 54 percent in the wake of two devastating air disasters that have...