Business

Ukraine economy shrinks faster as conflict takes toll 30 Jul 2014 - 11:42 pm

KIEV: Ukraine’s economic decline has accelerated as fighting between the army and pro-Russian separatists in the east took a heavy toll on industry...

IMF warns of risks to global growth 29 Jul 2014 - 11:44 pm

WASHINGTON: Sharply higher interest rates around the world could combine with weaker growth in emerging markets to slice as much as 2 percentage...

London’s famed ‘Gherkin’ on sale 29 Jul 2014 - 11:41 pm

A view of the City of London, London’s main financial district, with the ‘Gherkin’ tower. LONDON: London’s landmark “Gherkin” office tower, one of...

Honda profit jumps 19.6pc to $1.4bn 29 Jul 2014 - 11:40 pm

A pedestrian passes before Japanese automaker Honda Motor’s showroom in Tokyo yesterday. TOKYO: Japanese automaker Honda said yesterday its latest quarterly net profit...

China probes Microsoft monopoly 29 Jul 2014 - 11:36 pm

A visitor walks past a Microsoft booth at a computer software expo in Beijing. BEIJING: A Chinese regulator said yesterday it is conducting...

UBS posts strong profit, sees tax and legal risks 29 Jul 2014 - 11:34 pm

A man walks past an office of Swiss bank UBS in Zurich yesterday. ZURICH: Leading Swiss bank UBS turned in a strong profit...

Meat scandal to hit McDonald’s profits 29 Jul 2014 - 11:33 pm

McDonald’s Holdings Co (Japan) President and CEO Sarah Casanova at a news conference in Tokyo yesterday. TOKYO: McDonald’s Japan pulled its profit forecast...

Ukraine tensions pose default risks 29 Jul 2014 - 11:32 pm

WASHINGTON: The International Monetary Fund warned that an escalation of tensions between Russia and Ukraine would raise the risks for banks exposed to...

US Fed meets amid calls for tighter policy measures 29 Jul 2014 - 11:32 pm

WASHINGTON: The US Federal Reserve began a two-day policy meeting yesterday under rising pressure to step off its ultra-dovish stance to address rising...

Aviation officials call for threat data 29 Jul 2014 - 11:31 pm

MONTREAL: Aviation officials called for better dissemination of flight risks and a UN law restricting anti-aircraft weapons use, at an emergency meeting yesterday...

Combined profits of 35 listed firms hit QR17.6bn 29 Jul 2014 - 11:31 pm

DOHA: The combined net profit of 35 listed companies on Qatar bourse touched QR17.6bn in the first half of 2014, reflecting an estimated...

Flipkart raises $1bn to tackle Amazon 29 Jul 2014 - 11:30 pm

MUMBAI: India’s top e-commerce company Flipkart said yesterday it had raised $1bn (Rs60bn) in funds as it battles US giant Amazon for supremacy...

Bank of Cyprus completes $1bn private share placement 29 Jul 2014 - 11:29 pm

NICOSIA: Bank of Cyprus, the island’s largest lender, has completed a €1bn ($1.34bn) capital increase in a private placement to help it restructure...

BlackBerry to buy German firm 29 Jul 2014 - 10:37 pm

BlackBerry Ltd Chairman and CEO John Chen at the BlackBerry Security Summit in New York yesterday. Chen said BlackBerry is buying a privately...

WestJet posts 16pc rise in earnings 29 Jul 2014 - 10:36 pm

A Westjet Boeing 737-700 at the International Airport in Calgary, Alberta. WestJet Airlines Ltd, Canada’s No. 2 carrier, reported a 16 percent rise...

BP warns of Russia sanctions impact 29 Jul 2014 - 10:35 pm

Pump attendants work at a BP petrol station in Moscow. LONDON: Oil and gas producer BP reported a sharp rise in second quarter...

Japan job market tightens as spending recovers 29 Jul 2014 - 10:34 pm

TOKYO: Japan’s job market is tightening despite a rise in the unemployment rate, official data showed yesterday, as consumer spending recovers from April’s...

BoE to increase oversight of bankers and their bonuses 29 Jul 2014 - 10:34 pm

LONDON: Top bankers in Britain will become directly accountable for their actions under proposals from regulators from today, with those behaving recklessly facing...