Business

Call for pact on free trade in green goods 26 Jan 2014 - 08:11 am

DAVOS: The world’s biggest trading powers pledged on Friday to work toward a global agreement on free trade in environmental goods, but they...

Mumtalakat eyes new investments, portfolio improves 26 Jan 2014 - 08:11 am

DAVOS: The finances of Bahrain’s sovereign wealth fund Mumtalakat are improving, allowing it to look for new investments more agressively this year, its...

KPMG settles SEC charges, but scrutiny of auditors continues 26 Jan 2014 - 08:10 am

Washington: KPMG agreed to pay $8.2m to settle charges that it broke rules designed to keep auditors independent of their clients, a resolution...

China growth concerns dent commodity prices 26 Jan 2014 - 08:09 am

LONDON: Oil prices endured a roller-coaster week, with an upbeat economic growth forecast for the world economy giving way to concerns over Chinese...

Oil industry joins world of 3D printing technology 26 Jan 2014 - 08:09 am

NEWCASTLE, England: General Electric’s oil and gas division will start pilot production of 3D printed metal fuel nozzles for its gas turbines in...

Arab Bank net profit up 43pc last year 26 Jan 2014 - 08:08 am

AMMAN: Jordan’s largest lender, Arab Bank Group, posted a 43 percent rise in net profit to $501.9m last year on higher revenues, with...

Qatar’s gold reserves on the rise: Report 26 Jan 2014 - 02:18 am

DOHA: The balance sheets of the GCC central banks have been growing steadily over the last few years. Total assets of the GCC...

Mexico lures $6bn investment at Davos 25 Jan 2014 - 07:17 am

Britain’s Prime Minister David Cameron speaks during a session at the annual meeting of the World Economic Forum in Davos yesterday. DAVOS: Pepsico...

Samsung posts steep drop in Q4 profits 25 Jan 2014 - 07:16 am

A man stands inside a LED lighting drum, which is made up of more than 40,000 Samsung LED lights, at a Samsung Electronics...

Procter & Gamble profits down 25 Jan 2014 - 07:15 am

Downy softener and Tide laundry detergent, products distributed by Procter & Gamble, on sale at a Ralphs grocery store in Pasadena, California, yesterday....

Cameron urges West to surf ‘reshoring’ wave 25 Jan 2014 - 07:14 am

DAVOS: Britain yesterday urged the rest of Europe to seize an opportunity to win back millions of jobs through the “reshoring” of production...

Gold shoots to two-month high 25 Jan 2014 - 07:13 am

LONDON: Gold hit its highest in two months yesterday as the dollar fell and a global flight from emerging market assets set global...

Oil tumbles on emerging markets demand woes 25 Jan 2014 - 07:13 am

LONDON: Global oil prices tumbled below $107 a barrel yesterday, tracking a sharp sell-off in stocks and emerging markets as worries mounted over...

Russian ruble hits historic low 25 Jan 2014 - 07:13 am

MOSCOW: The Russian ruble hit a record low against the euro yesterday and was at its weakest point against the dollar for nearly...

S&P downgrades Croatia, blames vested interests 25 Jan 2014 - 07:12 am

PARIS: Rating agency Standard and Poor’s downgraded the long-term debt of new EU member Croatia by one notch yesterday, saying reforms fell short...

Argentina lifts restrictions on buying foreign currency 25 Jan 2014 - 07:11 am

BUENOS AIRES: Argentina yesterday lifted restrictions in place since 2011 that limited the purchase of foreign currency, a day after the peso suffered...

UK launches tender for oil licences 25 Jan 2014 - 07:11 am

LONDON: Britain has launched its 28th tender for oil and gas licences, opening up new offshore areas to drilling for fossil fuels that...

Bulgaria, Turkey agree new gas inter-connector 25 Jan 2014 - 07:11 am

SOFIA: Bulgaria and Turkey agreed yesterday to set up a joint company and build a gas pipeline to link their networks and enable...