Business

PetroChina shale gas spending hiked to $1.6bn 19 Apr 2014 - 07:01 am

BEIJING: Chinese state energy giant PetroChina plans to spend more than 10bn yuan ($1.6bn) on shale gas this year, sources with knowledge of...

Dollar steady in Asia on US jobs data, Ukraine deal 19 Apr 2014 - 07:01 am

TOKYO: The dollar was steady in quiet Asian trade yesterday, winning support from positive US jobs data and a deal between Russia and...

Vimplecom resolves Algeria row with $2.6bn stake sale 19 Apr 2014 - 07:00 am

MOSCOW: Russia’s Vimpelcom has resolved a long-running dispute with the Algerian government by selling it a majority stake in the country’s biggest telecoms...

Gold flat below $1,300, heading for weekly fall 19 Apr 2014 - 07:00 am

LONDON: Gold was heading for a 1.8 percent weekly fall yeserday, dented by hopes that diplomatic efforts can calm violence in Ukraine and...

Russia ships first oil from Arctic platform 19 Apr 2014 - 07:00 am

NOVO-OGARYOVO, Russia: President Vladimir Putin hailed Russia’s first shipment of Arctic offshore oil yesterday, saying the platform decried by environmentalists will help Moscow...

Turkey seeks Russia gas discount 19 Apr 2014 - 06:59 am

ANKARA: Energy-dependent Turkey will ask for a discount on the price of the gas it buys from Russia, its energy minister said yesterday,...

Italian lender backs €5bn share sale 19 Apr 2014 - 06:59 am

ROME: Italian bank Monte dei Paschi di Siena gave the go-ahead on Friday to a ¤5bn equity raising that will boost its capital...

Tokyo investors eye China, US data next week 19 Apr 2014 - 06:59 am

TOKYO: Tokyo investors will be watching the release of a string of data from the United States, China and Japan next week, after...

Reliance Industries posts quarterly profit rise 19 Apr 2014 - 06:58 am

NEW DELHI: Energy giant Reliance Industries Ltd reported a marginal rise in quarterly profit yesterday, with billionaire tycoon Mukesh Ambani saying his company...

QCB governor holds talks with Chinese central bank president 19 Apr 2014 - 06:09 am

Governor of Qatar Central Bank H E Sheikh Abdullah bin Saud Al Thani (left) and People’s Bank of China President Zhou Xiaochuan signing...

Rolls-Royce Ghost II dashboard 18 Apr 2014 - 10:14 am

The 2014 Rolls-Royce Ghost II dashboard is seen on display at a press event at the New York International Auto Show yesterday. The...

Obama unveils drive to support solar energy 18 Apr 2014 - 10:13 am

US President Barack Obama at the Community College in Pennsylvania. The President announced new investments to support job-driven training. WASHINGTON: The White House...

Google Q1 profits up 32pc to $3.45bn 18 Apr 2014 - 10:12 am

A Google logo is reflected on the screen of a Samsung Galaxy S4 smartphone. NEW YORK: Google said its first quarter profit rose...

IBM earnings slump 21pc in Q1 18 Apr 2014 - 10:11 am

IBM Chairperson and CEO Virginia Rometty at an IBM event in New York. WASHINGTON: IBM reported a 21 percent slump in first quarter...

Goldman Sachs revenues drop 18 Apr 2014 - 10:10 am

The Goldman Sachs logo is displayed on a post above the floor of the New York Stock Exchange. NEW YORK: Goldman Sachs reported...

Libya dismisses dollar crunch rumours 18 Apr 2014 - 10:08 am

TRIPOLI: Libya’s central bank has dismissed as baseless recent rumours that the country is facing dollar shortages due to a loss of oil...

Etihad toughens stance on Alitalia deal 18 Apr 2014 - 10:08 am

ROME: Etihad Airways has toughened its stance on conditions for investing in Italy’s struggling Alitalia in continuing negotiations between the airlines, sources close...

Iran oil exports fall for first time in five months 18 Apr 2014 - 10:07 am

TOKYO/SINGAPORE: Iran’s crude oil exports fell for the first time in five months in March, and are slated to drop further in April,...