Business

Tokyo investors eye earnings data 02 May 2014 - 11:25 pm

TOKYO: Tokyo investors will be eyeing Japanese corporate earnings and fresh US data in the next week, which will be shortened by holidays....

French car sales pursue slow climb from slump 02 May 2014 - 11:25 pm

PARIS: Sales of new French cars rose in April, trade data showed yesterday in a further sign that the French market is pulling...

Real estate stocks surge on budget cues 02 May 2014 - 12:14 am

By Satish Kanady DOHA: Taking a cue from Qatar’s big number budget announcements, the country’s listed real estate companies made a stunning performance...

Veteran Mulally to exit Ford in July 02 May 2014 - 12:13 am

Ford Motor CEO Alan Mulally (left) with Ford Executive Chairman Bill Ford in Dearborn, Michigan, yesterday. DEARBORN: Ford Motor Co said yesterday that...

Ukraine’s $17bn loan plan faces risks: IMF 02 May 2014 - 12:12 am

WASHINGTON: Ukraine’s $17bn bailout programme from the International Monetary Fund faces geopolitical and implementation risks, the IMF chief said. “On the implementation front,...

Sony warns of huge loss as it exits PC market 02 May 2014 - 12:12 am

A logo of Japan’s electronics giant Sony is displayed at a shop in Tokyo yesterday. TOKYO: Sony yesterday warned it would report a...

Fed shows faith with bond-buying cut 02 May 2014 - 12:11 am

US Federal Reserve Chair Janet Yellen at a policy summit in Washington yesterday. WASHINGTON: The Federal Reserve looked past a dismal reading on...

Viacom to buy Channel 5 02 May 2014 - 12:09 am

London: US-based Viacom Inc said yesterday it will buy British TV broadcaster Channel 5 from media baron Richard Desmond for $760m as a...

Dubai Islamic Bank eyes Indonesia buy 01 May 2014 - 10:19 pm

DUBAI: The Chief Executive of Dubai Islamic Bank (DIB) said yesterday it was in talks to buy a 40 percent stake in an...

Mashreq net profit jumps 35pc 01 May 2014 - 10:18 pm

DOHA: Mashreq, one of the UAE’s leading financial institutions which has operations in Qatar has announced strong first quarter results reporting 35 percent...

Iran to buy 400 airliners if sanctions lifted 01 May 2014 - 10:18 pm

ANKARA: Barred by sanctions from buying Western airliners since the 1970s, Iran has pent-up demand for 400 new planes, Tehran’s top aviation official...

Salamander Energy looks for a buyer 01 May 2014 - 10:17 pm

London: Salamander Energy Plc is considering selling itself and has opened talks with “a small number” of potential buyers, the company said yesterday,...

Russia files WTO case over EU energy rules 01 May 2014 - 10:17 pm

GENEVA: Russia has accused the European Union of discriminating against gas and electricity providers from outside the bloc in violation of international rules,...

Ooredoo Q1 net profit up 9.7pc to QR887m 01 May 2014 - 07:12 am

DOHA: Ooredoo QSC’s net profit increased 9.7 percent to QR887m for the first quarter of 2014 on year-on-year. The Group’s revenue decreased 3.4...

Facebook f8 conference 01 May 2014 - 07:11 am

Facebook CEO Mark Zuckerberg delivers the opening keynote at the Facebook f8 conference yesterday in San Francisco. Facebook is hosting the one-day developers...

GE steps closer to buying Alstom unit 01 May 2014 - 07:10 am

People protest in front of the headquarters of Alstom in Levallois-Perret, Paris, yesterday against buyout plans. PARIS: The battle for Alstom’s prized energy...

Singapore banks beat forecasts 01 May 2014 - 07:09 am

People use United Overseas Bank (UOB), Development Bank of Singapore (DBS) and Oversea-Chinese Banking Corp (OCBC) automated teller machines at the airport in...

Playmobil turns 40 01 May 2014 - 07:08 am

Employees work in the packaging section at the Playmobil Malta factory in the Hal Far Industrial Estate outside Valletta. Playmobil is celebrating its...