Business

Buffett’s Berkshire dumps stake in Dish 16 Feb 2014 - 07:17 am

New York: Warren Buffett’s Berkshire Hathaway Inc eliminated its stake in Dish Network Corp in the fourth quarter and added a stake in...

ECB ready to take action if needed 16 Feb 2014 - 07:16 am

FRANKFURT: The European Central Bank is ready to take “decisive action if required” should inflation risk becoming entrenched below the ECB’s target of...

Airbus plans to acquire banking licence 16 Feb 2014 - 07:16 am

PARIS: Airbus Group pressed ahead with post-Lehman plans to acquire its own banking licence, saying it would buy small German lender Salzburg Muenchen...

Greek economy points to recovery this year 16 Feb 2014 - 07:15 am

ATHENS: Greece’s economy shrank by a smaller-than-expected 3.7 percent last year, marking the first time it has outperformed expectations since a debt crisis...

Essar’s largest shareholder in talks to buy out firm 16 Feb 2014 - 07:15 am

Bangalore: Essar Energy Plc’s largest shareholder, Essar Global Fund Ltd, said it was considering making an offer for the 22 percent stake it...

Mahindra Q3 profit rises 12 pc 16 Feb 2014 - 07:14 am

MUMBAI: Mahindra & Mahindra Ltd, India’s biggest utility vehicle maker, posted a 12 percent rise in quarterly profit, in line with analyst estimates...

Gold premiums fall to four-month low in India on duty cut talks 16 Feb 2014 - 07:14 am

MUMBAI: Gold premiums in India, the world’s second-biggest consumer of the metal after China, fell 17 percent to their lowest in four months...

Nakilat Damen delivers Semesma to Milaha 15 Feb 2014 - 12:07 am

A view of the 32m-long tug boat Semesma. Doha: Qatari shipbuilder Nakilat Damen Shipyards Qatar (NDSQ) has delivered the 32m-long tug boat ‘Semesma’...

World Ag Expo 15 Feb 2014 - 12:06 am

The saws of tree topper machines displayed at the ADI Hydraulic Pruning Tools exhibit at the 47th Annual World Ag Expo in Tulare,...

Russian retailer Lenta sets price range for share sale 15 Feb 2014 - 12:05 am

A woman walks past a Lenta supermarket in Moscow. The hypermarket chain, part-owned by US private equity firm TPG, is gearing up for...

Solar thermal power 15 Feb 2014 - 12:05 am

Heliostats (mirrors that track the sun and reflect the sunlight onto a central receiving point) are shown during a tour of the Ivanpah...

DIP sukuk terms may trigger more issues 15 Feb 2014 - 12:03 am

LONDON: A well-timed launch saw Dubai Investments Park achieve favourable terms on its debut $300m, 4.296 percent five-year Reg S sukuk issue, a...

Toyota recalls more than 261,000 vehicles in US 15 Feb 2014 - 12:02 am

DETROIT: Toyota Motor Corp is recalling 261,114 Lexus and Toyota brand vehicles in the United States because various safety systems, including stability control...

Shell plans to sell three assets in British North Sea 15 Feb 2014 - 12:02 am

LONDON: Royal Dutch Shell plans to put three oil and gas assets in the North Sea up for sale, as it seeks to...

Eurozone economy inching towards modest recovery 15 Feb 2014 - 12:02 am

BRUSSELS: The eurozone economy showed yesterday enough of improvement in the fourth quarter to suggest a modest recovery remains on track but problems...

UK struggles to extract remaining North Sea oil 15 Feb 2014 - 12:01 am

LONDON: Britain is likely to have to ditch its hands-off approach to the oil industry for a mix of regulation, tax breaks and...

French economy grows 0.3 percent in 2013 15 Feb 2014 - 12:01 am

PARIS: The French economy turned in slightly firmer growth than expected last year, expanding by 0.3 percent, but undershot in the final quarter...

India inflation drops to 8-month low in December 15 Feb 2014 - 12:00 am

NEW DELHI: India’s inflation fell to an eight-month low in December due to easing food prices, data showed yesterday, providing some good news...