Business

IMF bullish on Qatar, cuts Arab growth forecast 08 Oct 2014 - 01:27 am

IMF officials addressing the media during the World Economic Outlook press conference at the International Monetary Fund and the World Bank Group 2014...

Samsung flags 60pc dip in Q3 profit 08 Oct 2014 - 01:25 am

Caption SEOUL: Samsung Electronics yesterday flagged a near 60 percent on-year plunge in its third quarter operating profit, as its key smartphone sector...

CEATEC in Tokyo 08 Oct 2014 - 01:24 am

Visitors walk between the exhibition booths at CEATEC (Combined Exhibition of Advanced Technologies) JAPAN 2014 in Chiba, east of Tokyo, yesterday. Over 500...

Australian rates on hold 08 Oct 2014 - 01:24 am

A woman passes by a sign advertising bank interest rates for home loans in Sydney yesterday. Australia’s central bank kept its interest rates...

Mahindra to buy 51pc in Peugeot unit 08 Oct 2014 - 01:21 am

Mahindra Two Wheelers Vice-President for Sales and Customer Care Dharmendra Mishra at the launch of the ‘GUSTO’ Scooter in Ahmedabad. NEW DELHI: Leading...

EU meet on economy 08 Oct 2014 - 01:20 am

European Jobs, Growth, Investment and Competitiveness Commissioner-designate Jyrki Katainen attending a meeting of the European Committee on Economic and Monetary Affairs at the...

Rouble slide continues 08 Oct 2014 - 01:17 am

A man walks out of a building under a board showing currency exchange rates in Moscow. Russia’s rouble resumed its slide yesterday following...

IMF trims global growth outlook 08 Oct 2014 - 01:15 am

WASHINGTON: The International Monetary Fund warned of stagnation in advanced economies as it trimmed its growth forecast for the whole world. The global...

Business activity in UAE falls as Egypt grows 08 Oct 2014 - 01:15 am

DUBAI: Business activity growth in the United Arab Emirates’ non-oil private sector fell to a four-month low in September as gains in new...

Fund sees US a bright spot in global economy 08 Oct 2014 - 01:14 am

WASHINGTON: The International Monetary Fund upgraded its outlook for the United States, highlighting its crucial role again as the growth leader among advanced...

US job openings touch highest level since 2001 08 Oct 2014 - 01:14 am

WASHINGTON: US job openings rose to their highest level in more than 13 years in August even as hiring fell, the US Department...

EU watchdog targets Amazon’s tax deals with Luxembourg 08 Oct 2014 - 01:13 am

BRUSSELS: Amazon’s tax arrangements with Luxembourg are being investigated by EU regulators, as the online retailer becomes the latest global company to be...

Turner to slash 10pc of jobs, including CNN’s 300 workforce 08 Oct 2014 - 01:13 am

NEW YORK: Turner Broadcasting will cut 10 percent of its workforce, including about 300 jobs at its CNN division, in a move to...

No plan for Opec meeting on price fall: Iran 08 Oct 2014 - 01:13 am

DUBAI: Iran Oil Minister Bijan Zanganeh said yesterday that Opec has no plans to hold an emergency meeting to discuss the recent slide...

GSK probing corruption in UAE 08 Oct 2014 - 01:12 am

LONDON: Drugmaker GlaxoSmithKline, which was slapped with a record $489m fine for corruption in China last month, said yesterday it was looking into...

ECB quietly pins its hopes on falling euro 08 Oct 2014 - 01:12 am

FRANKFURT: Grappling with an ailing eurozone economy and stagnant prices, the European Central Bank is hoping that help will come from something it...

Family behind BMW tops Germany’s rich list 08 Oct 2014 - 01:11 am

FRANKFURT: The Quandt family, shareholders of carmaker BMW, have overtaken the founders of discount supermarket chains Aldi and Lidl as Germany’s wealthiest family,...

Further delay looms in Airbus insider trading trial 08 Oct 2014 - 01:11 am

PARIS: Prosecutors in the Airbus insider trading case suffered another setback yesterday when a Paris court refused to accept the prosecution dossier, a...