Business

New Delhi trade fair 15 Nov 2014 - 09:43 am

Indian Minister of Micro, Small and Medium Enterprises Kalraj Mishra (right) inspects a handloom at Khadi pavillion during the 34th Indian International Trade...

China liquidity woes 15 Nov 2014 - 09:43 am

Labourers work on a construction site in Guangzhou, Guangdong province. China’s state-backed developers are making unprecedented investments in Guangzhou, as the private firms...

Venezuela still mulls fuel price hike, takes hit on oil fall 15 Nov 2014 - 09:42 am

CARACAS: Venezuela is still considering raising domestic fuel prices that are the world’s cheapest, and is taking a big hit in revenues due...

India-US breakthrough revives trade talks: WTO 15 Nov 2014 - 09:42 am

BRISBANE: A breakthrough agreement between India and the United States in a bitter row over food subsidies has “breathed new life” into the...

Malaysian growth slows to 5.6pc in third quarter 15 Nov 2014 - 09:41 am

KUALA LUMPUR: Growth in Malaysia’s economy slowed to a “moderate” 5.6 percent in the third quarter as exports decelerated, the central bank said...

Petrobras plummets 5pc amid graft probe 15 Nov 2014 - 09:41 am

RIO DE JANEIRO: Shares of Brazil’s Petrobras plummeted five percent yesterday after the state-run oil firm delayed releasing its results amid a police...

Weak growth weighs on euro, stocks 15 Nov 2014 - 09:41 am

LONDON: Sluggish economic growth in eurozone heavyweights Germany and France weighed on the European single currency and the region’s stock markets yesterday. Official...

Gold slides below $1,150 as dollar strengthens 15 Nov 2014 - 09:39 am

LONDON: Gold fell more than one percent yesterday, breaking below chart support at $1,150 an ounce, as the dollar hit a four-year high...

Starbucks’ ‘very low’ Dutch tax deal may be illegal, says EU 15 Nov 2014 - 09:38 am

BRUSSELS/LONDON: A tax deal the Netherlands cut with Starbucks Corp may be illegal state aid, European Union regulators said yesterday, part of a...

China lending drops sharply 15 Nov 2014 - 09:38 am

BEIJING: China’s bank lending tumbled in October and money supply growth cooled, raising fears of a sharper slowdown in the economy and prompting...

Ailing Philippine Airlines seeks new investors 15 Nov 2014 - 09:38 am

MANILA: Struggling Philippine Airlines said yesterday it is looking for new investors to help fund an expansion programme that would see Asia’s oldest...

IMF says low oil prices to boost global growth 14 Nov 2014 - 09:43 am

IMF Managing Director Christine Lagarde (right) is welcomed by Queensland Governor Paul de Jersey in Brisbane, Australia, yesterday. The two-day G20 leaders summit...

Oil slips below $78, awaits Opec move 14 Nov 2014 - 09:42 am

NEW YORK: Oil prices fell about 3 percent yesterday to four-year lows after Chinese data showed further economic slowdown and US government data...

Eurostar to buy Siemens e320 trains 14 Nov 2014 - 09:40 am

The business premier class coach of Eurostar’s new Siemens e320 train is seen at St Pancras station in central London, yesterday. Eurostar, the...

Developing capabilities must for retail sector to tackle digitisation challenge 14 Nov 2014 - 09:40 am

Participants at the ‘Digitization in Retail’ conference. DOHA: The fundamental challenges facing retailers against the backdrop of rapid digitisation of the retail landscape...

US supports India food scheme to revive WTO 14 Nov 2014 - 09:38 am

NEW DELHI/WASHINGTON/GENEVA: India and the United States settled a dispute yesterday that had paralysed the World Trade Organisation and risked derailing a $1...

Saudi Arabia to double natural gas output in 15 years 14 Nov 2014 - 09:36 am

ACAPULCO: Saudi Arabia, the world’s top oil exporter, will double its natural gas output by 2030 but plans to keep all of it...

DP World to buy EZW for $2.6bn in Dubai asset shuffle 14 Nov 2014 - 09:36 am

DUBAI: DP World said it would pay $2.6bn to major shareholder Dubai World for its EZW logistics infrastructure firm, easing the burden on...