Business

Fifty One East unveils Rolex ‘Deepsea Challenge’ 06 Nov 2013 - 07:06 am

Yann du Pasquier, Area Sales Manager for Rolex and Saoud Abdullah Al Darwish, Vice Chairman of Darwish Holding, during the launch of Rolex...

Ukraine, Chevron sign $10bn shale gas deal 06 Nov 2013 - 07:05 am

From left: Chevron’s General Manager for Europe Derek Magness, Minister of Ecology and Natural Resources of Ukraine Eduard Stavytsky and Chairman of the...

Somalia welcomes bank remittance reprieve 06 Nov 2013 - 07:05 am

MOGADISHU: Somali money transfer company Dahabshiil welcomed yesterday a temporary injunction by a British court allowing it to continue transferring vital funds that...

Deutsche, JPMorgan, HSBC face EU probe 06 Nov 2013 - 07:04 am

BRUSSELS: EU antitrust regulators are set to fine six global banks including Deutsche Bank, JPMorgan and HSBC for suspected rigging of benchmark eurozone...

HTC plans cheaper models 06 Nov 2013 - 07:03 am

HTC smartphones are displayed in a mobile phone shop in Taipei. Taiwanese smartphone maker HTC Corp said it plans to slash costs by...

Etisalat to buy Vivendi unit stake for $5.7bn 06 Nov 2013 - 07:03 am

DUBAI: Vivendi has agreed terms to sell its 53 percent stake in Maroc Telecom to UAE’s Etisalat for $5.7bn, the latest step in...

G4S fights to restore reputation 06 Nov 2013 - 07:03 am

LONDON: G4S plans to shake up the weakest parts of its business and lay off up to 400 UK staff as the new...

Mitsubishi and Renault-Nissan announce tie-up 06 Nov 2013 - 07:03 am

PARIS: Renault-Nissan and Japanese firm Mitsubishi are to share the production of vehicles, technology and factory capacity, the two groups announced yesterday, highlighting...

Hannover Re set to achieve target 06 Nov 2013 - 07:02 am

FRANKFURT: German reinsurer Hannover Re yesterday said it is “well on track” to achieving its full-year target after a positive third quarter and...

Acer CEO quits over Q3 losses 06 Nov 2013 - 07:02 am

TAIPEI: J T Wang resigned as chairman and CEO of Acer yesterday as the Taiwanese personal computer maker reported a net third-quarter loss...

Qatari bourse reaches 10-week high 06 Nov 2013 - 06:16 am

DUBAI/Doha: Foreign institutional investors helped lift Qatar’s index to a 10-week high yesterday. It rose 0.8 percent to 9,915 points, its highest close...

Qatar needs to address shale revolution 05 Nov 2013 - 10:03 am

Michael J Shannon & Paul Harnick By Satish Kanady DOHA: With the shale revolution set to change the dynamics of global chemical and...

Protest against EU-Canada trade agreement 05 Nov 2013 - 10:02 am

A cyclist passes by the social activist group “Council of Canadians” after they set up a giant Trojan horse statue in front of...

Brent futures near $105 on Fed stimulus woes 05 Nov 2013 - 10:01 am

LONDON: Brent crude futures fell towards $105 a barrel yesterday, extending heavy losses on Friday, as concerns the US Federal Reserve could trim...

BlackBerry calls off sale, to replace CEO 05 Nov 2013 - 10:00 am

TORONTO: BlackBerry Ltd is abandoning a plan to sell itself and will raise about $1bn from its largest shareholder and other institutional investors...

Mideast crude tanker rates at 18-month high 05 Nov 2013 - 10:00 am

LONDON: Crude oil tanker earnings on the major Middle East route rallied yesterday to their highest in 18 months helped by a surge...

Boeing in advanced talks to assemble 777X near Seattle 05 Nov 2013 - 09:59 am

Seattle: Boeing is in advanced talks with a leading union to assemble its new 777X jet and build its wings in the Seattle...

Deadlock in Libya oil talks 05 Nov 2013 - 09:58 am

Workers from the Libyan National oil and gas company walking at the the Zawiya oil installation. Talks between Libyan authorities and protesters blockading...