Business

US trade deficit widens to $42.3bn in Feb 04 Apr 2014 - 05:34 am

WASHINGTON: The US trade deficit unexpectedly widened in February as exports hit a five-month low, suggesting first-quarter growth could be much weaker than...

Greece plans bond market comeback 04 Apr 2014 - 05:34 am

LONDON: Greece is planning to return to the international bond market this month, four years after it became the first eurozone country to...

UK to probe $250bn credit card market 04 Apr 2014 - 05:33 am

LONDON: Britain’s financial watchdog will investigate the £150bn ($250bn) credit card market to assess if “survival borrowers” who find it difficult to repay...

Qatar Cool’s third plant to be operational by ’16 04 Apr 2014 - 04:48 am

Wael Ayoub, Business Development Manager, showing the control room of Qatar Cool during a media tour yesterday. Nahar S Al Mutawah, VP-Operation and...

Chrysler group in massive recall 03 Apr 2014 - 08:53 am

The 2014 Jeep Grand Cherokee is introduced at the North American International Auto Show in Detroit, Michigan. Chrysler Group said yesterday it would...

Asos says growth story still intact after profit fall 03 Apr 2014 - 08:49 am

Ellie O’Connor, an assistant merchandiser, works in the Asos headquarters in London yesterday. LONDON: British online fashion retailer Asos said yesterday its long-term...

High-speed train business 03 Apr 2014 - 08:47 am

Jochen Eickholt, CEO Siemens AG Rail Systems; CEO of the German railway firm Deutsche Bahn Ruediger Grube and German Transport Minister Alexander Dobrindt...

Waiting for jobs 03 Apr 2014 - 08:46 am

People wait to enter a government-run employment office in Madrid yesterday. The number of people registered as jobless in Spain fell by 0.35...

Rubicon debuts on NYSE 03 Apr 2014 - 08:45 am

Chief Executive Officer of the Rubicon Project, Frank Addante (second right), rings a bell for the company’s IPO on the floor of the...

BNY Mellon official on hot seat 03 Apr 2014 - 08:44 am

A wom A woman walks past a logo at the office of the Bank of New York Mellon in Brussels. BNY Mellon Corp’s...

IMF ramps up loan conditions despite promises 03 Apr 2014 - 08:36 am

WASHINGTON: The number of conditions the International Monetary Fund attaches to its loans has grown in recent years, despite promises to limit what...

Russia Binbank to take over Ukrainian unit 03 Apr 2014 - 08:35 am

MOSCOW: Russian lender Binbank said yesterday it could buy the Moscow subsidiary of Ukraine’s Privatbank in two weeks from its Ukrainian owners who...

EU bank rescue package could avert Greek bailout 03 Apr 2014 - 08:34 am

ATHENS: Greece wants to use some ¤11bn ($15bn) left in its EU bank rescue package to meet upcoming needs and avoid a new...

Qatar Exchange index adds 34.01 points 03 Apr 2014 - 08:33 am

Doha: Qatar Exchange index added 34.01 points, or 0.29 percent, to advance to 11,939.95 points from 11,905.94 on Tuesday. The volume of the...

Brent crude falls below $104 on US stockpile 03 Apr 2014 - 08:31 am

LONDON: Brent oil fell $1 to a near five-month low below $105 a barrel yesterday on poor manufacturing data from China and Europe,...

Mobile licence offered to Telecom Egypt for $360m 03 Apr 2014 - 08:30 am

CAIRO: Fixed line monopoly operator Telecom Egypt has been asked to pay 2.5bn Egyptian pounds ($360m) for the mobile licence it wants, the...

Indonesia Islamic finance sector broadens 03 Apr 2014 - 08:30 am

Jakarta: Indonesia’s Islamic banks maintained double-digit asset growth last year while rural and non-bank segments made further gains, broadening the industry’s consumer base...

Batelco names Whelan as CEO 03 Apr 2014 - 08:28 am

DUBAI: Bahrain’s Batelco has appointed Alan Whelan as group chief executive, the state-run telecommunications operator said yesterday, nearly 11 months after its former...