Business

Impressive debut 05 Apr 2014 - 01:00 am

Chief Executive Officer of GrubHub, Matt Maloney (left), takes part in an interview after the company’s IPO on the floor of the New...

Lira edges up despite Erdogan remarks 05 Apr 2014 - 12:52 am

ISTANBUL: Turkey’s lira rose yesterday as US jobs data boosted demand for emerging market assets, helping the lira regain ground lost earlier when...

Asian gas firms pairing up for purchases 05 Apr 2014 - 12:52 am

SEOUL: Asian gas and power companies are starting to pair up for joint purchases of LNG after more ambitious efforts to form a...

Delta, Etihad under scrutiny as EU probes foreign holdings 05 Apr 2014 - 12:51 am

FRANKFURT/ATHENS: The European Commission is examining several foreign holdings in European airlines, including Delta Air Lines’ stake in Britain’s Virgin and Etihad’s stake...

Huge local retail buying interest spurs green rush at QE index 05 Apr 2014 - 12:51 am

DOHA: Spurred by huge buying interests from local retail investors, Qatar Exchange Index continued its ‘green rush’ for the third straight week lifting...

Funds can also be too big to fail, says BoE’s Haldane 05 Apr 2014 - 12:50 am

LONDON: A top Bank of England official put the world’s $87 trillion asset-management industry on alert yesterday, saying it posed some of the...

Oil rises toward $107 on Libya, US jobs data 05 Apr 2014 - 12:50 am

LONDON: Brent crude oil rose towards $107 a barrel yesterday as investors cast doubt on reports Libya’s oil ports were about to reopen,...

India seeks to avert summons for Samsung boss 05 Apr 2014 - 12:48 am

NEW DELHI: India’s government is scrambling to prevent the boss of South Korea’s Samsung Electronics from being forced to appear in an Indian...

Stiff resistance to oil drilling plans in Ibiza 05 Apr 2014 - 12:41 am

MADRID: Plans to drill for oil off the Spanish holiday island of Ibiza have met with fierce opposition from locals who fear the...

Biocon rejects Novartis patent accusations 05 Apr 2014 - 12:41 am

NEW DELHI: Leading Indian drug company Biocon yesterday rejected allegations by Novartis that it infringed on the Swiss pharmaceutical giant’s patent for its...

Matomy’s London listing fails 05 Apr 2014 - 12:41 am

JERUSALEM: Plans by Israel’s Matomy Media Group to list on the London Stock Exchange failed when it could not raise enough money from...

British car sales rally to highest in a decade 05 Apr 2014 - 12:40 am

LONDON: New car sales in Britain rallied in March to the highest total for a decade, industry data showed yesterday. Sales jumped 17.7...

European stocks get ECB boost 04 Apr 2014 - 05:38 am

Traders work on the floor of the New York Stock Exchange yesterday. LONDON: Europe’s main stock markets got a boost yesterday as the...

Amazon Fire TV 04 Apr 2014 - 05:37 am

Caption Amazon’s Vice-President of Kindle, Peter Larsen, displays the Amazon Fire TV during a news conference in New York. Amazon.com Inc unveiled a...

Nokia Lumia 930 04 Apr 2014 - 05:37 am

Stephen Elop, Vice-President of Nokia, gestures while introducing the Nokia Lumia 930 mobile phone during Microsoft’s “build” conference in San Francisco, California.

Russia increases gas prices for Ukraine by 80pc 04 Apr 2014 - 05:35 am

MOSCOW/KIEV: Russia increased the gas price for Ukraine for the second time in just three days to push prices up by 80 percent,...

World food prices jump 04 Apr 2014 - 05:35 am

ROME: Global food prices rose to their highest in almost a year in March, led by unfavourable weather for crops and political tensions...

Qatar Exchange up 0.37 percent 04 Apr 2014 - 05:35 am

Doha: Qatar Exchange pursued its upswing trend yesterday adding 43.92 points (0.37 percent) to advance to 11,983.87 points from 11,939.95 on Wednesday. Among...