Business

Luxury cars drive into booming SUV space 06 Mar 2014 - 01:17 am

Porsche’s Macan Turbo is displayed at the group’s stand at the Geneva Motor Show. GENEVA: Massive or small, affordable or off-the scale pricey:...

US private jobs increase 06 Mar 2014 - 01:16 am

People fill out application forms before a screening session for seasonal jobs at Coney Island in the Brooklyn borough of New York. US...

Dubai World prepays $284.5m to creditors 06 Mar 2014 - 01:08 am

DUBAI: Dubai World, one of the emirate’s big state-owned conglomerates, has prepaid $284.5m to creditors under its $25bn debt restructuring plan, sources familiar...

Japan makes $450m oil payment to Iran 06 Mar 2014 - 01:07 am

TOKYO: Japan made a second payment to Iran for crude imports under an interim nuclear deal yesterday, diplomatic sources said, as the West...

Qatar Cool to open third plant in West Bay 06 Mar 2014 - 01:07 am

DOHA: Qatar Cool, the leading provider of district cooling services in the country, will open its third plant in West Bay, with a...

China signals focus on leaner, cleaner growth 06 Mar 2014 - 01:06 am

BEIJING: China sent its strongest signal yet that its days of chasing breakneck economic growth were over, promising to wage a “war” on...

Bitcoin bank Flexcoin shuts after hacking theft 06 Mar 2014 - 01:05 am

Tokyo: Flexcoin, a Canada-based bitcoin bank, said it was closing down after losing bitcoins worth about $600,000 to a hacker attack enabled by...

Britain far from prime shale gas exploration location, experts say 06 Mar 2014 - 01:04 am

LONDON: Britain may be a prime location for shale gas exploration in Europe, but a lack of onshore drilling infrastructure and local opposition...

Greece, IMF disagree on bank tests 06 Mar 2014 - 01:04 am

ATHENS: Greece will release stress test results on its top banks this week without securing the agreement of the IMF, a source close...

Traders still shun new grain deals with Ukraine 06 Mar 2014 - 01:03 am

KIEV: Foreign trading houses have not resumed concluding new grain exports contracts due to continued tensions between Ukraine and Russia, Ukraine’s Agriculture Minister...

IMF calls for ECB rate cut, more liquidity 06 Mar 2014 - 01:03 am

BRUSSELS: The European Central Bank should cut interest rates and either inject more liquidity into the banking system via its Long-Term Refinancing Operations...

Chrysler to go ahead with Canada plans 06 Mar 2014 - 01:02 am

TORONTO/DETROIT: Chrysler Group LLC said on Tuesday that it would push ahead with development plans for two key assembly plants in the Canadian...

Australian economy grows 0.8pc 06 Mar 2014 - 01:02 am

SYDNEY: Australia’s mining-powered economy expanded 0.8 percent in the last three months of 2013, according to official statistics released yesterday which beat expectations...

Facebook to buy solar drone maker 06 Mar 2014 - 01:02 am

SAN FRANCISCO: Facebook is in talks to buy a solar-powered drone startup in what could lead to making wireless Internet available in regions...

Grafton sees sustained Irish recovery 06 Mar 2014 - 01:01 am

DUBLIN: Building supplies group Grafton said renewed activity in Irish construction appeared to be sufficient to support a sustained recovery, after it reported...

Woqod gets new chairman 05 Mar 2014 - 12:56 am

H E Abdullah bin Hamad Al Attiyah (right) with Mohamed Khalifa Turki Al Sobai at the annual general meeting of Woqod yesterday.Abdul Basit...

Ooredoo Group posts QR33.9bn revenue in 2013 05 Mar 2014 - 12:56 am

DOHA: Ooredoo’s Group revenue increased 1.1 percent to QR33.9bn for the full-year 2013. Net profit attributable to Ooredoo shareholders for the year was...

Stocks rally, oil slips as Ukraine tension eases 05 Mar 2014 - 12:54 am

A share trader wearing a Guy Fawkes mask and carnival costume works at the stock exchange yesterday in Frankfurt. Frankfurt traders follow a...