Business

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...

Natural gas top source till 2035 16 Mar 2014 - 04:21 am

Doha: Natural gas is expected to be the fastest growing energy source until 2035. This is likely to lead to higher natural gas...

Economic bonanza for Midwest 15 Mar 2014 - 06:27 am

A TransCanada Keystone Pipeline pump station operates outside Steele City, Nebraska. In the heated debate over whether to build the Keystone XL pipeline,...

Porsche surpasses goal 15 Mar 2014 - 06:27 am

CEO of Porsche Matthias Mueller and CFO Lutz Meschke (right) with a Porsche 918 Spyder super sportscar during the business results press conference...

India Aviation 15 Mar 2014 - 06:26 am

A visitor looks at pure power PW 1000G engine displayed at an exhibitors venue at the India Aviation 2014 air show at Begumpet...

Brazil auto industry weakens 15 Mar 2014 - 06:25 am

Robots weld cars at the Ford Motor Company’s Sao Bernardo do Campo facility in Sao Bernardo do Campo. Growth in Brazil’s car market...

Spanish public debt hits new record 15 Mar 2014 - 06:23 am

MADRID: Spain reported yesterday its public debt soared to a new record high in 2013 despite a slew of budget-cutting measures, ballooning to...

Draghi holds course in face of deflation threat 15 Mar 2014 - 06:22 am

FRANKFURT/WASHINGTON: Meeting students at the University of Amsterdam in April last year, European Central Bank President Mario Draghi extolled the virtues of courage,...

Gulf Marine makes muted London debut 15 Mar 2014 - 06:22 am

LONDON: Abu Dhabi-based Gulf Marine Services (GMS) made a muted stock market debut in London, as the oil service vessel operator struggled to...

Banks to be hit with Microsoft cost for running outdated ATMs 15 Mar 2014 - 06:21 am

LONDON/NEW YORK: Banks around the world, consumed with meeting more stringent capital regulations, will miss a deadline to upgrade outdated software for automated...

Sanctions woes push Russian assets down 15 Mar 2014 - 06:21 am

LONDON: Russian stocks slid as much as five percent yesterday and debt insurance costs climbed to their highest in nearly two years, hurting...

Indian inflation hits 9-month low 15 Mar 2014 - 06:21 am

NEW DELHI: India’s inflation hit a nine-month low in February, data showed yesterday, but analysts saw little chance of any immediate interest rate...

Greece gunning for weekend deal with EU-IMF creditors 15 Mar 2014 - 06:20 am

ATHENS: Greece was gunning for a weekend deal with its EU-IMF creditors on a lingering reform audit that has held up billions of...

Barclays reviews investment bank 15 Mar 2014 - 06:20 am

London: Barclays has launched the third review of its investment bank in as many years, and is likely to cut more jobs and...

UK grocer Morrisons suffers payroll data theft 15 Mar 2014 - 06:19 am

LONDON: Wm Morrisons, Britain’s No. 4 grocer, suffered a major theft of data from its staff payroll system, including bank account details, on...

Global oil price pressure to ease: IEA 15 Mar 2014 - 03:15 am

LONDON: A surge in supply from Iraq and other oil producers should be more than sufficient to meet growing demand this year, reducing...

India aviation market set to be No.1: KPMG 14 Mar 2014 - 06:39 am

Head of Marketing for Airbus Asia Joost Van der Heijden (right) and Srinivasan Dwarakanath, CEO of Airbus India, pose with a model of...

QE index drops 263.65 points last week 14 Mar 2014 - 06:38 am

Doha: Qatar Exchange index dropped 263.65 points, or 2.27 percent last week, when trading closed yesterday at 11,343.38 points. The trading value during...