Business

Malaysia targets more subsidy cuts 11 Oct 2014 - 12:18 am

KUALA LUMPUR: Malaysia’s premier said yesterday his government would continue to make unpopular cuts to subsidies that have kept prices of key consumer...

Orange weighs IPO of Africa, Mideast units 11 Oct 2014 - 12:18 am

PARIS: French telecom operator Orange is studying whether to float its African and Middle Eastern units as a way to raise money to...

World Bank launches public-private infrastructure plan to meet $1trn needs 10 Oct 2014 - 05:42 am

World Bank President Jim Yong Kim (right) arrives with staff members for a news conference during the IMF-World Bank annual meetings in Washington...

Icahn urges Apple to buy back shares 10 Oct 2014 - 05:42 am

New York: Billionaire activist investor Carl Icahn (pictured) said Apple Inc’s shares could double in value and urged the company’s board to buy...

Facebook founder aims to get India online 10 Oct 2014 - 05:41 am

Facebook Founder Mark Zuckerberg gestures as he announces the Internet.org Innovation Challenge in New Delhi yesterday. NEW DELHI: Facebook founder Mark Zuckerberg said...

Q3 corporate earnings to grow by 14.1pc 10 Oct 2014 - 05:40 am

DOHA: Qatar listed companies’ net profit is estimated to grow by 14.1 percent for the third quarter of 2014 (Q3, 2014) on year-on-year...

IMF urges countries to take growth seriously 10 Oct 2014 - 05:39 am

WASHINGTON: The world’s policymakers must take economic reforms more seriously, or they could see their economies stuck in a muddle of mediocre growth...

Brent oil prices slump under $90 10 Oct 2014 - 05:39 am

LONDON: Brent oil prices tumbled yesterday to a two-year low under $90 per barrel as gloomy German economic news sparked fresh demand concerns...

Gold rises to two-week high 10 Oct 2014 - 05:39 am

NEW YORK/LONDON: Gold rose to a two-week high yesterday as US equities fell, a day after minutes of the latest US Federal Reserve...

Apple delays production of larger iPad to early next year 10 Oct 2014 - 05:39 am

New York: Apple Inc suppliers have delayed the production of a larger iPad to early next year, the Wall Street Journal reported, citing...

Apple, Google brands exceed $100bn valuation 10 Oct 2014 - 05:38 am

PARIS: The US Apple and Google brands which have become household names around the globe are worth more than $100bn each, and top...

Nokia to suspend India production 10 Oct 2014 - 05:37 am

New Delhi: Nokia Oyj said it would suspend mobile handset production at its troubled Chennai facility in India from November 1 given that...

US jobless claims fall to 8-year low 10 Oct 2014 - 05:36 am

WASHINGTON: The number of Americans filing new claims for unemployment benefits fell last week in more than eight years, a sign of growing...

Workers go on strike at Foxconn’s China factory 10 Oct 2014 - 05:36 am

BEIJING/TAIPEI: More than 1,000 employees went on strike at a China factory owned by Hon Hai Precision Industry Co Ltd, the world’s biggest...

Qatar’s bank credits increase by 13.1pc 09 Oct 2014 - 03:10 am

By Satish Kanady DOHA: The overall credit facilities by Qatar banks increased 13.1 percent to QR575.4bn year-on-year at the end of 2013.Among other...

Infosys founders moving out 09 Oct 2014 - 03:06 am

FROM LEFT: Founders of Indian IT firm Infosys Technology Nandan Nilekani, K Dinesh, S D Shibulal, N S Raghavan, N R Narayana Murthy...

Mogadishu’s first ATM machine 09 Oct 2014 - 02:39 am

A Somali man uses the first-ever ATM cash withdrawal machine installed in the Somalian capital Mogadishu, yesterday, by the Salaam Somali Bank in...

Yusuff Ali to invest $85m in East India Company 09 Oct 2014 - 02:37 am

Yusuff Ali MA (sitting-left) and Sanjiv Mehta, Chairman of East India Company along with Ranjan Mathai, Indian High Commissioner to the UK, Abdul...