Business

US for big role in Qatar’s development 16 Mar 2014 - 08:48 am

Sheikh Dr Khalid bin Thani Al Thani (left) and Sheikh Faisal bin Qassim Al Thani (centre) with Penny Pritzker (second from right). RIGHT:...

SAS posts $17.5m loss 16 Mar 2014 - 08:47 am

SAS CEO Rickard Gustafson at the airline company’s headquarters in Stockholm. The Scandinavian airline reported a first-quarter net loss of $17.5m, citing lower...

GM hit with lawsuit over recall 16 Mar 2014 - 08:46 am

General Motors Co’s new chief executive Mary Barra. NEW YORK: General Motors was hit with what appeared to be the first lawsuit related...

Alibaba looks for US listing 16 Mar 2014 - 08:45 am

HONG KONG: China’s e-commerce giant Alibaba Group Holding Ltd is planning a US IPO in the third quarter of this year, people familiar...

The new six-seater 16 Mar 2014 - 08:44 am

Patrick Daher, CEO of Daher, a French equipment and services suppliers poses in front of a Daher-Socata’s six-seat business single-engined airplane, the TBM...

After the strongest tech listing in 2014 16 Mar 2014 - 08:42 am

Castlight Health Inc CEO Giovanni Colella kisses his child following his company’s IPO on the floor of the New York Stock Exchange. Shares...

Emaar plans mega $2.45bn listing of shopping mall unit 16 Mar 2014 - 08:40 am

DUBAI: Dubai’s Emaar Properties said it would sell up to 25 percent of its shopping mall and retailing unit in a public offer...

Ruias go ahead with 70 pence share offer for Essar Energy 16 Mar 2014 - 08:39 am

London: India’s billionaire Ruia family stuck to the 70 pence per share it indicated earlier for buying out the minorities in its London-listed...

US to shed control of Internet addresses 16 Mar 2014 - 08:39 am

WASHINGTON: The US government announced it was giving up its key role overseeing the Internet’s technical operations, handing over those functions to “the...

Annual inflation in Venezuela touches 57pc 16 Mar 2014 - 08:39 am

CARACAS: Annual inflation in Venezuela, one of the driving forces behind a wave of anti-government protests, hit 57.3 percent in February, the central...

IQ’s new units help boost revenue in petrochemicals 16 Mar 2014 - 08:38 am

DOHA: The new facilities launched at the Industries Qatar (IQ) have helped the group boost its revenue in its petrochemical segment in 2013....

Moody’s raises outlook for EU to stable 16 Mar 2014 - 08:38 am

WASHINGTON: Moody’s raised its rating outlook for the European Union to stable from negative, citing the improvement of its members’ finances and falling...

South Korea February Iran oil imports soar 16 Mar 2014 - 08:38 am

SEOUL: South Korea’s crude imports from Iran surged 104 percent in February from a year earlier as refiners hiked purchases ahead of maintenance...

Spain tax plan calls for rate cuts, VAT hike 16 Mar 2014 - 08:37 am

MADRID: Spain must cut individual and business tax rates and increase levies on consumer items including alcohol and fuel to repair one of...

No client data given to US: IBM 16 Mar 2014 - 08:37 am

NEW YORK: International Business Machines Corp has not relinquished its customers’ data to the US government and would challenge any orders to do...

China’s ‘Twitter’ files for IPO in US 16 Mar 2014 - 08:37 am

NEW YORK: Weibo, the Chinese microblogging service often called ‘China’s Twitter’, filed on Friday for a US stock offering seeking to raise $500m....

Japan’s major lender in US class action suit over bitcoin row 16 Mar 2014 - 08:36 am

Wilmington: One of Japan’s largest lenders, Mizuho Bank Ltd, has became ensnared in the US legal fallout from the collapse Mt Gox, the...

Quiznos Corp files for bankruptcy protection 16 Mar 2014 - 08:36 am

Delaware: Sandwich chain Quiznos Corporation, filed for pre-packaged bankruptcy protection after struggling for years with high debt and rising competition. The chain, known...