Business

Greece’s OTE plans Forthnet’s pay TV unit buy 02 Jul 2014 - 01:56 am

ATHENS: Greek telecoms company OTE said it had submitted a non-binding offer of €250m to €300m to acquire rival Forthnet’s pay TV operations....

Argentina, US teams to meet on debt 02 Jul 2014 - 01:56 am

BUENOS AIRES: Argentina announced it was sending a delegation to New York to meet with a coordinator picked by the US judge in...

Eurozone manufacturing eases, France slowdown weighs 02 Jul 2014 - 01:55 am

LONDON: Eurozone manufacturing growth eased slightly more than previously thought last month and factories fulfilled existing orders to keep busy, a business survey...

Ma’aden signs $5bn financing for phosphate scheme 02 Jul 2014 - 01:54 am

DOHA: Saudi Arabian Mining Co (Ma’aden) has signed a $5bn financing deal with commercial banks and a state-owned investment fund to back its...

South Africa metal workers strike 01 Jul 2014 - 11:59 pm

Members of the National Union of Metal Workers of South Africa protest on the streets of Durban yesterday. More than 220,000 South African...

Indian factory activity expands 01 Jul 2014 - 11:58 pm

A worker carries steel buckets inside a steel utensil manufacturing factory in Ahmedabad yesterday. Indian factory activity expanded in June at its quickest...

Curbs bring Russia growth to standstill 01 Jul 2014 - 11:57 pm

ST PETERSBURG: Sanctions imposed on Russia over Ukraine have brought growth to a standstill, had a “chilling effect” on investment and could force...

Renminbi still undervalued: US Treasury Secretary 01 Jul 2014 - 11:55 pm

WASHINGTON: US Treasury Secretary Jacob Lew yesterday said China’s yuan currency remains undervalued, a longstanding sore point that will be raised at next...

Iran oil exports drop, stay above Western limits 01 Jul 2014 - 11:55 pm

LONDON: Iran’s crude oil exports dropped in June after a spike in May, yet sales were still above the level allowed by an...

Egypt imposes 10pc tax on capital gains, dividends 01 Jul 2014 - 11:54 pm

CAIRO: Egypt’s president approved a law yesterday imposing a new 10 percent tax on capital gains and stock dividends as the country seeks...

Putin takes stock 01 Jul 2014 - 10:11 am

Russia’s President Vladimir Putin (left) and Russian Central Bank Chairman Elvira Nabiullina meet in the Kremlin in Moscow, yesterday. Russia’s central bank said...

International Islamic announces attractive Ramadan offers 01 Jul 2014 - 10:10 am

DOHA: International Islamic (Qatar International Islamic Bank or QIIB) announced two attractive offers to its customers to coincide with Ramadan. Customers availing new...

ADAC holds annual meet 01 Jul 2014 - 10:08 am

August Markl, chairman of the German car club ADAC, addresses the annual meeting in Munich yesterday.

Barwa Bank profit up 28pc 01 Jul 2014 - 10:07 am

Doha: Barwa Bank Group yesterday announced that its net profit rose 28 percent to QR201m in the first quarter of 2014 compared with...

US fast food chains gain foothold in China 01 Jul 2014 - 10:07 am

A group of Chinese men riding electric bikes on a mission to both sell and advertise Domino’s pizza in Beijing. America’s fast food...

Bulgaria bank crisis eases after EU aid 01 Jul 2014 - 10:05 am

People queue outside an office of Bulgaria’s First Investment Bank in Sofia yesterday. SOFIA: Bulgaria’s banking crisis eased yesterday with fewer depositors queueing...

Economic forum in Paris 01 Jul 2014 - 10:04 am

French Economy, Finance and Foreign Trade Minister Michel Sapin (centre) with President of the Interamerican Development Bank (BID) Luis Alberto Moreno (right) and...

China housing prices fall again 01 Jul 2014 - 10:03 am

Trains running past apartment buildings in southwest China’s Chongqing municipality. Housing prices in major Chinese cities fell for a second consecutive month in...