Business

Lloyds ready for privatisation 14 Feb 2014 - 07:16 am

A woman walks past a branch of Lloyds Bank in central London yesterday. State-backed Lloyds Banking Group said it was ready to return...

Embraer gets $2.94bn Air Costa order 14 Feb 2014 - 07:16 am

Ramesh Lingamaneni (left), Executive Director of LEPL Group and Chairman of Air Costa, and Paulo Cesar Silva, President and CEO of Embraer Commercial...

Renault profits plunge 14 Feb 2014 - 07:15 am

Carlos Ghosn (right), Chairman and Chief Executive Officer of Renault-Nissan Alliance, and Renault Chief Financial Officer Dominique Thormann at the company headquarters in...

Iran asks India for $1.5bn in oil payments 14 Feb 2014 - 07:14 am

NEW DELHI: Iran has asked India for $1.5bn in back oil payments under the nuclear deal that provides Tehran some relief from Western...

Oman may sell assets, borrow if oil prices dip 14 Feb 2014 - 07:14 am

DUBAI: Oman may have to start selling foreign assets or borrow on international markets in coming years if government spending rises during a...

IEA raises demand forecast, asks Opec to skip output drop 14 Feb 2014 - 07:13 am

PARIS: World oil markets are unexpectedly tight as growth in advanced economies picks up, the International Energy Agency (IEA) warned yesterday, urging Opec...

Bridgestone fined $425m for price fixing 14 Feb 2014 - 07:13 am

WASHINGTON: The US Justice Department hit Japanese tyre and rubber parts giant Bridgestone with a $425m fine yesterday for conspiring to fix the...

OECD for sharing details of offshore accounts 14 Feb 2014 - 07:13 am

PARIS: Governments would automatically share information on taxpayers’ offshore bank and brokerage accounts with foreign tax authorities, under a draft agreement published yesterday...

Pakistan’s MCB to take 55pc stake in Burj Bank 14 Feb 2014 - 07:12 am

Islamabad: Pakistan’s MCB Bank will take a 55 percent stake in Islamic lender Burj Bank, alongside an additional investment by the private sector...

US retail sales dip, jobless claims up 14 Feb 2014 - 07:12 am

WASHINGTON: US retail sales fell unexpectedly in January and more Americans filed for jobless benefits last week, the latest signs the economy started...

Dlala’s net profit drops to QR5.4m 14 Feb 2014 - 07:12 am

Doha: Dlala Brokerage and Investment Holding Company announced a net profit of QR5.4m for the year ended December 31, 2013, according to a...

QE market cap rises to QR602.98bn 14 Feb 2014 - 03:13 am

Doha: Qatar Exchange index gained 323.29 points (2.89 percent) last week when the bourse closed yesterday at 11,515.50 points. Trading value during last...

Dubai firm in $1bn turboprop deal 13 Feb 2014 - 09:57 am

Visitors walk past an Airbus A350 on display at the Singapore Airshow yesterday. SINGAPORE: Dubai Aerospace Enterprise (DAE) is to spend up to...

British rates to rise in 2015: BoE 13 Feb 2014 - 09:56 am

Bank of England Governor Mark Carney (centre) leads the bank’s quarterly inflation report news conference at the bank headquarters in London yesterday. LONDON:...

Daimler profits surge 13 Feb 2014 - 09:53 am

The sign of German luxury car maker Mercedes-Benz, a subsidiary of Daimler AG, in Munich. Daimler posted a forecast-beating 45 percent surge in...

Award for Malabar Gold & Diamonds 13 Feb 2014 - 09:52 am

Shamlal Ahammed M P, Managing Director- International Operations, Malabar Gold & Diamonds, receiving an award from Sheik Dr Sultan bin Mohammed Al Qassimi,...

SoftBank net profit dips 13 Feb 2014 - 09:51 am

Softbank Corp CEO Masayoshi Son at a news conference in Tokyo yesterday. SoftBank Corp, which runs Japan’s third-largest mobile carrier by subscriber numbers,...

TUI trims losses 13 Feb 2014 - 09:49 am

Friedrich Joussen, CEO of German travel and tourism giant TUI, at the company’s annual general meeting yesterday in Hanover, central Germany. TUI said...