Business

US bank watchdog to consider Volcker rule 29 Dec 2013 - 09:44 am

WASHINGTON: US bank regulators said they would consider allowing banks to hold on to certain complex securities despite a new rule limiting risky...

Turkey debt insurance costs at 18-month high 29 Dec 2013 - 09:44 am

LONDON: Turkish debt insurance costs surged to 18-month highs and dollar bond prices tumbled as investors were rattled by a deepening political crisis...

North Korean cabinet to tighten control of economy 29 Dec 2013 - 09:44 am

SEOUL: North Korea’s cabinet will tighten its grip on the economy after the shock execution of leader Kim Jong-Un’s uncle, whose control over...

Global economy to be bumpy in 2014: QNB Group 29 Dec 2013 - 06:23 am

Doha: Economists are famous for making wrong predictions. In December 2012, most economists predicted the end of the euro, a hard landing of...

Turkish lira in free fall amid govt crisis 28 Dec 2013 - 05:06 am

ANKARA: The Turkish lira hit a record low yesterday as Prime Minister Recep Tayyip Erdogan, embroiled in a major graft probe, faced new...

Labour shortage in India 28 Dec 2013 - 05:06 am

Labourers work at the site of a commercial building under construction in Noida, on the outskirts of New Delhi. India’s biggest cities face...

Chinese industry profits rise 28 Dec 2013 - 05:05 am

A labourer guides as slag is poured into a container at Dongbei Special Steel Group Co Ltd in Dalian, Liaoning province, yesterday. Profits...

New Spanish power billing formula 28 Dec 2013 - 05:04 am

Power lines near a publicity board depicting a bull in El Berron, near Oviedo, northern Spain. Spanish competition watchdog has proposed a new...

France jobless rise despite Hollande vow 28 Dec 2013 - 05:03 am

PARIS: France’s number of registered jobseekers rose by 17,800 in November to 3.29 million, the labour ministry said, challenging government claims to have...

Top India Bitcoin operator halts trade after bank warning 28 Dec 2013 - 05:03 am

NEW DELHI: India’s biggest Bitcoin trading platform said on its website yesterday it had suspended operations after the central bank warned against the...

Cathay Pacific orders four more long-haul Boeing planes 28 Dec 2013 - 05:03 am

HONG KONG: Hong Kong flag carrier Cathay Pacific ordered four additional long-haul planes from Boeing yesterday, a week after it ordered 21 Boeing...

GM, Ford to recall more than 1.5m cars in China 28 Dec 2013 - 05:02 am

SHANGHAI: US auto giant General Motors (GM) and its counterpart Ford will recall more than 1.5 million vehicles in China over defective parts,...

Asian buyers of Iran oil cut imports by 14pc 28 Dec 2013 - 05:02 am

TOKYO: Asia’s top buyers of Iranian crude have cut purchases by about 14 percent so far this year, but imports may edge higher...

Gold edges up, set for biggest annual loss in three decades 28 Dec 2013 - 05:02 am

LONDON: Gold edged up yesterday, supported by some physical buying, but remained on track for its biggest annual loss in three decades as...

November data gives boost to Japan’s war on deflation 28 Dec 2013 - 05:01 am

TOKYO: Japanese consumer inflation rose 1.2 percent last month, its fastest pace in five years, edging closer to the central bank’s 2.0 percent...

Brent slips to $111, supply woes support price 28 Dec 2013 - 05:01 am

LONDON: Brent crude oil slipped towards $111 a barrel yesterday although supply disruptions in Africa kept losses in check. Escalating violence in South...

Spanish prime minister promises jobs in 2014 28 Dec 2013 - 05:00 am

MADRID: Spanish Prime Minister Mariano Rajoy vowed in an end-of-year message yesterday to deliver longed-for jobs to the hard-hit nation in 2014. Rajoy...

Retailers lead Wall Street higher 27 Dec 2013 - 09:10 am

NEW YORK: US stocks rose yesterday, putting the Dow on track for a record closing high for a sixth straight day as retail...