Business

British economy in cautious recovery 21 Dec 2013 - 06:03 am

LONDON: Britain is cementing its economic growth recovery, official data revealed yesterday, as the government’s deficit-reduction programme won support from the Standard and...

BoJ stands pat on easing, claims moderate recovery 21 Dec 2013 - 06:03 am

TOKYO: The Bank of Japan yesterday held off announcing any fresh measures to stimulate the economy, offering the upbeat view that it was...

S&P pushes EU debt rating down 21 Dec 2013 - 06:02 am

BRUSSELS: The Standard and Poor’s ratings agency downgraded the European Union’s credit-worthiness by one notch yesterday, blaming threats to cohesion including Britain’s role...

Iraq oil exports slip in December 21 Dec 2013 - 06:02 am

LONDON: Iraq’s oil exports have fallen so far in December, capping what has been a disappointing year and highlighting challenges it faces in...

BlackBerry loss widens, reorganising manufacturing 21 Dec 2013 - 06:02 am

OTTAWA: BlackBerry said yesterday it fell deeper into the red in the past quarter as the struggling smartphone maker unveiled a new manufacturing...

Cyprus House approves first post-bailout budget 21 Dec 2013 - 06:01 am

NICOSIA: The Cyprus parliament has approved the island’s first post-bailout budget providing deep spending cuts in 2014 of about 10 percent to ensure...

Trading tax hurts bid to keep Euronext in French hands 21 Dec 2013 - 06:01 am

PARIS: France’s unloved financial transaction tax is hampering its efforts to persuade local institutions to buy stakes in Paris stock exchange operator Euronext...

Key European stocks soar on Fed tapering 20 Dec 2013 - 01:14 am

LONDON: European markets soared yesterday after the US Federal Reserve boosted confidence in the economic recovery by announcing plans to scale back its...

Honda unveils ‘Vezel’ 20 Dec 2013 - 01:13 am

Honda Motor President Takanobu Ito unveiling the new vehicle ‘Vezel’ during a press conference in Tokyo yesterday. Honda begins sales of the car...

New Acer tablet 20 Dec 2013 - 01:13 am

A man checks newly launched Acer Iconia W4-802 tablet in Bangalore, India, yesterday. Taiwan’s Acer Inc announced the launch of the tablet categorised...

Hackers grab 40m accounts from Target stores 20 Dec 2013 - 01:12 am

A Target store in Miami, Florida. Target announced that about 40 million credit and debit card accounts of customers who made purchases by...

Etihad in talks on $413m Alitalia investment 20 Dec 2013 - 01:09 am

ROME: Abu Dhabi’s Etihad Airways is in early-stage talks over a possible ¤300m ($413m) investment in Alitalia, a political source close to the...

Irish economy on sounder footing as bailout ends 20 Dec 2013 - 01:08 am

DUBLIN: Ireland’s economy grew more than twice as fast as expected in the third quarter, thanks to buoyant construction and investment, putting it...

US home sales tumble, jobless claims rise 20 Dec 2013 - 01:08 am

WASHINGTON: US home resales hit a near one-year low in November and new filings for unemployment benefits unexpectedly rose last week, putting a...

Libya steps up imports of fuel as strikes bite 20 Dec 2013 - 01:07 am

ZAWIYA: Libya is stepping up fuel imports, with four tankers queuing at one port as the Opec producer’s second-largest refinery is running at...

Egypt’s current account hits surplus: Report 20 Dec 2013 - 01:07 am

CAIRO: Egypt’s current account recorded a surplus in the first quarter of the financial year, boosted by billions of dollars in aid from...

EU finance ministers reach banking union accord 20 Dec 2013 - 01:07 am

BRUSSELS: EU finance ministers late on Wednesday reached a banking union accord which will hand Brussels unprecedented new powers to prevent failing banks...

BLME sees Gulf sukuk issuance picking up 20 Dec 2013 - 01:06 am

DUBAI: Bank of London and The Middle East (BLME) expects Islamic bond issuance to pick up in the Gulf next year as companies...