Business

Air France pilots extend strike until September 26 21 Sep 2014 - 08:27 am

PARIS: Air France pilots have voted to extend their week-long strike over cost cuts and plans for the company’s Transavia unit by a...

Hyundai directors kept in dark on size of record $10bn land bid 21 Sep 2014 - 08:27 am

SEOUL: Hyundai Motor and two listed affiliates did not seek board clearance for the size of their record $10bn bid for a plot...

Court dismisses Citibank appeal in Argentine row 21 Sep 2014 - 08:26 am

NEW YORK: A US court on Friday dismissed an appeal by Citibank and Argentina to let the country make payments on debt tied...

Exxon halts drilling as sanctions hit Russia 21 Sep 2014 - 08:26 am

WASHINGTON: Exxon Mobil said it will wind down drilling in Russia’s Arctic in the face of US sanctions targeting Western cooperation with Moscow’s...

France dodges rating downgrade, for now 21 Sep 2014 - 08:25 am

PARIS: Moody’s spared France a fresh downgrade of its debt rating even though Paris has overrun its deficit targets, warning the outlook was...

Moody’s confirms Britain’s ‘Aa1’ rating after vote result 21 Sep 2014 - 08:25 am

WASHINGTON: Ratings agency Moody’s confirmed Britain’s credit rating at “Aa1”, saying that Scotland’s rejection of independence has preserved the strengths of the country’s...

Higher land prices to push up rents 21 Sep 2014 - 04:07 am

DOHA: With Qatar’s fast growing population rate continuing to push up land prices, the country is heading to higher rent inflation. Land prices...

Alibaba up 40pc in trading debut 20 Sep 2014 - 12:23 am

Alibaba Group founder Jack Ma smiles after ringing a ceremonial bell at the New York Stock Exchange to celebrate the company’s initial public...

Indonesia motor show 20 Sep 2014 - 12:19 am

Visitors view cars on display at the Indonesian International Motor Show in Jakarta yesterday.

German exports 20 Sep 2014 - 12:18 am

Containers are loaded onto a ship at a shipping terminal in the harbour in Hamburg, Germany, yesterday.

Black burger 20 Sep 2014 - 12:16 am

An employee of Burger King Japan and the creator of its black burgers Kana Ienaga poses with the KURO Diamond burger in Tokyo...

Relief, not euphoria for UK markets after vote 20 Sep 2014 - 12:14 am

LONDON: British financial markets rose and a collective sigh of relief echoed across the investment and business community yesterday after a Scottish vote...

Pound rallies against major currencies, dollar surges in Asia 20 Sep 2014 - 12:13 am

TOKYO: The pound rallied against major currencies yesterday as Scotland rejected independence from the United Kingdom, while the dollar closed in on the...

Cadillac to introduce high-end sedan in ’15 20 Sep 2014 - 12:13 am

DETROIT: As it strives to energise its Cadillac brand that once led the US luxury auto market, General Motors Co said yesterday it...

US crude falls on worries about glut, Brent flat 20 Sep 2014 - 12:13 am

NEW YORK: US crude oil fell yesterday, on track for its fourth daily decline on continued concerns about ample supply at a time...

Lew urges Japan, eurozone to do more on growth 20 Sep 2014 - 12:12 am

CAIRNS: US Treasury Secretary Jack Lew yesterday called on the eurozone and Japan to do more to spur growth as the global economy...

Russia may use $7.8bn from fund to help oil firms 20 Sep 2014 - 12:12 am

MOSCOW: Russia may prop up energy companies Rosneft and Novatek with up to $3.9bn each from its National Wealth Fund, a reserve of...

China hands GSK record $489m fine for paying bribes 20 Sep 2014 - 12:12 am

SHANGHAI/LONDON: China fined GlaxoSmithKline Plc a record 3bn yuan ($489m) yesterday for paying bribes to doctors to use its drugs, underlining the risks...