Business

Oil market sinks; coffee futures fall to new low 27 Oct 2013 - 01:13 am

LONDON: World oil prices dived to multi-month lows this week, weighed down by abundant stockpiles in top consumer the United States, dealers said. ...

Tata-SIA airline to start flights by May 27 Oct 2013 - 01:13 am

New Delhi: The new passenger carrier of Tata Sons and Singapore Airlines should be operational by May next year, a top official of...

SEC proposes ‘crowd funding’ plan for start-ups 27 Oct 2013 - 01:13 am

WASHINGTON: Entrepreneurs could use the Internet to sell a stake in their businesses to anyone in the country under rules proposed by the...

British housing market to avoid price bubble, says official 27 Oct 2013 - 01:12 am

LONDON: Britain’s housing market will avoid a price bubble resulting from the government’s latest ‘Help to Buy’ scheme, because supply will catch up...

German business morale falls 26 Oct 2013 - 12:13 am

Huge van carriers transporting containers at the container terminal “Burchardkai” of the Hamburger Hafen und Logistik AG in the harbour of Hamburg. German...

Britain records fastest growth since 2010 26 Oct 2013 - 12:12 am

LONDON: Britain’s economy picked up more speed between July and September, growing at its fastest pace in more than three years and building...

Air Serbia dons new colours 26 Oct 2013 - 12:07 am

Air Serbia’s CEO Dane Kondic speaks during an interview in Belgrade yesterday. Air Serbia, country’s flag carrier unveiled its first aircraft in new...

Volvo, Electrolux slash 4,000 jobs 26 Oct 2013 - 12:07 am

STOCKHOLM: Swedish industrial heavyweights Volvo trucks and Electrolux announced a total of 4,000 job cuts around the world yesterday when they published disappointing...

Deal saves big refinery, plant in Scotland 26 Oct 2013 - 12:06 am

LONDON: Scotland dodged a heavy blow to its economy yesterday with a deal to rescue an oil refinery and petrochemical plant and safeguard...

Oil slips below $107 on higher supply concern 26 Oct 2013 - 12:05 am

LONDON: Brent crude slipped further below $107 a barrel yesterday on concern about higher supply and faltering demand, despite signs of faster economic...

Iran oil exports to plunge 26 Oct 2013 - 12:04 am

A view of a petrochemical complex in Assaluyeh seaport on Iran’s Persian Gulf coast. Iran’s oil sales in October will fall to their...

Malaysia plans tax on goods and services 26 Oct 2013 - 12:04 am

KUALA LUMPUR: Malaysian Prime Minister Najib Razak announced yesterday his government would levy an unpopular consumption tax starting in 2015 as it seeks...

Russia reports disappointing 1.2pc third quarter growth 26 Oct 2013 - 12:03 am

MOSCOW: Russia’s third-quarter growth rate fell well below expectations yesterday in a fresh blow to government hopes of avoiding the worst performance for...

Philippine retailer set to raise $622m in IPO 26 Oct 2013 - 12:03 am

MANILA: A retailer is set to raise $622m in one of the largest-ever initial public offerings in the Philippines, its main local underwriter...

Global markets resume upward trend 25 Oct 2013 - 04:15 am

Traders working on the floor of the New York Stock Exchange yesterday. NEW YORK: Global equity markets resumed their recent upward trend yesterday,...

Qatar bourse falls to three-week low 25 Oct 2013 - 04:14 am

DOHA/DUBAI: Qatar’s bourse fell to a three-week low yesterday as weak third-quarter earnings prompted many investors to look elsewhere for buying opportunities even...

Jet Airways sees Etihad deal by end of the year 25 Oct 2013 - 04:14 am

NEW DELHI: Jet Airways expects to conclude a $334m stake sale to Abu Dhabi’s Etihad by the year-end, the Indian airline said, one...

US oil futures recoup losses; Brent dips 25 Oct 2013 - 04:13 am

NEW YORK: US oil futures recouped losses in choppy trade yesterday while European Brent crude slid, as traders bet that an abrupt slump...