Business

Softbank in deal to merge Sprint, T-Mobile 13 Jul 2014 - 07:04 am

TOKYO: Japan’s SoftBank and Deutsche Telekom of Germany have reached a basic agreement for a merger between their US affiliates Sprint and T-Mobile...

Yahoo buys video streaming startup 13 Jul 2014 - 07:03 am

SAN FRANCISCO: Yahoo announced it has bought an Israel-based startup specialising in streaming high-quality video to computers and mobile devices. Yahoo did not...

Aerospace jamboree on tenterhooks 13 Jul 2014 - 07:02 am

LONDON: Suspense over the appearance of America’s newest combat jet, a diplomatic chill between the West and Russia and the re-launch of an...

Russia sets new banking rules for state firms 13 Jul 2014 - 07:02 am

MOSCOW: Russian state companies, the backbone of the economy, can only have accounts at banks with capital of no less than 10bn roubles...

Hony snaps up Pizza Express for $1.6bn 13 Jul 2014 - 07:02 am

LONDON: Chinese private equity firm Hony Capital has struck a deal with Gondola Group to buy Britain’s Pizza Express chain for about £900m...

Australia’s central bank urges fiscal restraint 13 Jul 2014 - 07:01 am

SYDNEY: Australia’s central bank governor Glenn Stevens yesterday urged politicians to work together to address the growing gap between fiscal spending and revenue,...

India defends 4.1pc fiscal deficit target 13 Jul 2014 - 07:01 am

NEW DELHI: India’s top finance ministry official said that plans announced in the budget to stick to a fiscal deficit target of 4.1...

QFMA probes 25 cases of trading violations 13 Jul 2014 - 05:33 am

By Satish Kanady DOHA: The Qatar Financial Markets Authority (QFMA) launched a series of investigations into the alleged cases of violations by the...

Portugal PM tries to soothe investors on BES worries 12 Jul 2014 - 01:04 am

LISBON: Portugal’s government and central bank assured investors yesterday that the southern European country’s financial system was sound, aiming to quell worry about...

Meeting on US economy 12 Jul 2014 - 01:01 am

US President Barack Obama (centre) sits beside Director of the National Economic Council Jeff Zients (left) and Senior Adviser to the President Valerie...

Infosys profit up 21pc on US deals 12 Jul 2014 - 12:59 am

Infosys CEO S D Shibulal (centre) along with CFO Rajiv Bansal (right) addresses the media after announcing the company’s first quarter results at...

Gates at Sun Valley meeting 12 Jul 2014 - 12:58 am

Bill and Melinda Gates of the Bill and Melinda Gates Foundation, at the Allen and Company 32nd Annual Media and Technology Conference, in...

IEA cuts oil demand outlook on weaker growth 12 Jul 2014 - 12:57 am

PARIS: The International Energy Agency yesterday cut its 2014 forecast for oil demand to 92.7 million barrels a day owing to weaker than...

US oil boom to extend into 2015 12 Jul 2014 - 12:57 am

LONDON: Global oil demand growth will accelerate next year as the world economy expands and will again be met by rising supplies from...

Bulgaria to allow its fourth-biggest bank to collapse 12 Jul 2014 - 12:56 am

SOFIA: Bulgaria is to allow its fourth-biggest lender to collapse and will hive off its healthy activities into a separate bank as it...

Halliburton in China fracking JV 12 Jul 2014 - 12:55 am

WASHINGTON: US oil and gas services giant Halliburton yesterday announced its first joint venture for hydraulic fracturing services in China, teaming up with...

Global regulator aims uniform corporate fines 12 Jul 2014 - 12:55 am

HONG KONG: An international regulatory group is carrying out a review of government penalties for corporate wrongdoing, seeking to make them more uniform...

Number of EU banks down in 2013: ECB 12 Jul 2014 - 12:55 am

FRANKFURT: The number of domestic banks and credit institutions in Europe and the eurozone declined in 2013, confirming a downtrend seen for a...