Business

Italy sells Maseratis, Jaguars on eBay 29 Mar 2014 - 06:51 am

ROME: Italy’s government is selling off scores of official cars including Jaguars and Maseratis on online auction site eBay as it strives to...

UK insurance sector plunges on looming review 29 Mar 2014 - 06:50 am

LONDON: Shares in British insurers slumped yesterday as regulators revealed plans for a review of charges and restrictions on 30 million policies sold...

Britain posts big current account deficit 29 Mar 2014 - 06:47 am

LONDON: Britain’s current account deficit was much bigger than expected in the fourth quarter and households ran down savings to keep up their...

Pakistan tightens rules on Islamic banking windows 29 Mar 2014 - 06:46 am

Islamabad: Pakistan’s central bank has issued new rules for the operation of Islamic banking windows, aiming to strengthen their role in the world’s...

Milaha approves dividend recommendation 28 Mar 2014 - 08:10 am

Milaha Chairman Sheikh Ali bin Jassim bin Mohammad Al Thani (fourth right) and Vice Chairman Sheikh Khaled Al Thani (fourth left) with other...

US economy shows some muscle 28 Mar 2014 - 08:09 am

A new home is being built with a for sale sign on a street in Vienna. The National Association of Realtors said its...

Baselworld fair 28 Mar 2014 - 08:08 am

Nick Hayek Jr (left), Swatch Group CEO, talking to Swiss Defence Minister Ueli Maurer (extreme right) during his visit to the exhibition stand...

Samsung irked by early Galaxy S5 release 28 Mar 2014 - 08:07 am

SEOUL: Samsung voiced annoyance yesterday after South Korean telecoms operators released its latest smartphone ahead of schedule in order to dodge sales restrictions...

IMF offers up to $18bn bailout for Ukraine 28 Mar 2014 - 08:01 am

KIEV: The International Monetary Fund has agreed a $14bn-$18bn two-year bailout for Ukraine, a deal to help it recover from months of turmoil...

Microsoft finally delivers Office for Apple’s iPad 28 Mar 2014 - 08:00 am

SAN FRANCISCO: Microsoft Corp’s Office suite of applications, encompassing its popular Word, Excel and PowerPoint programs, became available to iPad users from Apple...

Iran plans to hike petrol imports 28 Mar 2014 - 08:00 am

ANKARA: Iran aims to increase its petrol imports over the next year, a senior Iranian oil official said yesterday, as the country has...

Bank of America to pay $9.3bn to settle mortgage bond claims 28 Mar 2014 - 07:58 am

WASHINGTON: Bank of America agreed to pay $9.3bn to settle claims that it sold Fannie Mae and Freddie Mac faulty mortgage bonds, helping...

Fed rejects Citi, 4 others’ plans 28 Mar 2014 - 07:56 am

WASHINGTON: The US Federal Reserve approved the capital plans of 25 major US banks after stress tests, but turned down those of five...

Yahoo Japan to buy eAccess for $3.2bn 28 Mar 2014 - 07:56 am

TOKYO: Internet giant Yahoo Japan said yesterday it would buy almost all of domestic telecom company eAccess from its parent Softbank Corp in...

Damac set to raise $500m 28 Mar 2014 - 07:55 am

LONDON: Dubai’s Damac Real Estate will begin investor meetings today ahead of its potential debut Sukuk offering, a closely watched deal in the...

China loses WTO bid against US subsidy row 28 Mar 2014 - 07:55 am

GENEVA: China lost its bid to overturn US legislation targeting unfair trade subsidies yesterday, its second defeat in a World Trade Organization dispute...

IQ assets go up over three-fold in 10 years 28 Mar 2014 - 05:54 am

DOHA: The net assets of Industries Qatar (IQ), the country’s premier blue chip group with 18 companies under its umbrella, increased more than...

N-DSQ to build LNG-fuelled vessels 27 Mar 2014 - 06:22 pm

The shipyard at the Ras Laffan Industrial City port.Abdul Basit BY MOHAMMAD SHOEB DOHA: Local shipbuilder, Nakilat-Damen, is planning to build LNG-fuelled vessels...