Business

Kaufhof doing well, still wants to sell, says Metro CEO 29 Sep 2013 - 01:03 am

FRANKFURT: German department store chain Kaufhof is doing well but its owner Metro wants to sell it, the group’s Chief Executive Officer Olaf...

Vintage car auction in Nebraska 29 Sep 2013 - 01:02 am

Potential buyers and car enthusiasts check out vintage automobiles from the Lambrecht Collection, before they are put up for auction in Pierce, Nebraska,...

Qatar key growth area for Mashreq: CEO 29 Sep 2013 - 01:00 am

DOHA: Qatar is a key growth area for Mashreq and remains central to the bank’s expansion plans, said the bank’s Chief Executive Officer...

QCB to co-host Euromoney Conference 29 Sep 2013 - 12:59 am

DOHA: At a crucial junction when the central banks around the world are considering to roll back bond-buying programmes and other Quantitative Easing...

Bumper canola crop 29 Sep 2013 - 12:58 am

Brad Hayward unloads canola into steel storage bins on the farm of Barry Lang near Beiseker, Alberta. Record crops are being produced all...

Empire State building owner going public 29 Sep 2013 - 12:58 am

NEW YORK: Starting this week, you could own a piece of the Empire State Building. Or, if iconic New York skyscrapers aren’t your...

Hope of BoE rate hike extends sterling rally 29 Sep 2013 - 12:57 am

LONDON: Bets on further sterling strength are mounting as some in the financial markets consider the possibility that the Bank of England may...

Thailand cuts growth outlook as output casts doubt on recovery 29 Sep 2013 - 12:57 am

BANGKOK: Thailand cut its growth outlook this year and said policy would stay supportive as poor manufacturing output suggested Southeast Asia’s second-largest economy...

Raytheon wins $243m US Navy order for SM-6 missiles 29 Sep 2013 - 12:56 am

WASHINGTON: Raytheon Co has won a contract worth $243m to build 89 new Standard Missile-6 interceptors for the US Navy, the Pentagon said....

Beijing air show stunt 28 Sep 2013 - 04:54 am

A helicopter pilot performing at the Beijing International Aviation Expo China 2013 in Beijing.

Rosneft makes $1.4bn move into natural gas 28 Sep 2013 - 04:54 am

MOSCOW: Russian oil giant Rosneft yesterday agreed to purchase the natural gas assets of top world diamond producer Alrosa for $1.38bn as it...

Gas trading volumes rising at Dutch hub, declining in Britain 28 Sep 2013 - 04:53 am

FRANKFURT: Wholesale gas and gas futures trading volumes are rising in the Netherlands and falling in Britain, a sign that Dutch hub TTF...

Oil falls towards $108 as Middle East tension eases 28 Sep 2013 - 04:53 am

LONDON: Brent crude oil fell towards $108 a barrel yesterday, heading for its third straight weekly decline, with diplomatic efforts over Syria and...

First diesel from Saudi to load soon 28 Sep 2013 - 04:53 am

SINGAPORE/Al KHOBAR: Saudi Arabia’s new 400,000 barrels-per-day Jubail refinery will likely load its first diesel cargo in early October, industry sources said yesterday,...

BlackBerry posts $965m loss, vows ‘transition’ 28 Sep 2013 - 04:52 am

OTTAWA: BlackBerry said yesterday that it lost $965m in the past quarter, confirming preliminary figures showing a rapidly eroding picture for the Canadian...

Royal Mail privatisation subscribed in hours 28 Sep 2013 - 04:52 am

LONDON: Britain’s Royal Mail privatisation garnered orders for all of the shares on offer in the space of a few hours yesterday, sources...

Philippines in broad Islamic finance push 28 Sep 2013 - 04:52 am

MANILA/SYDNEY: In what could be one of the most ambitious efforts to facilitate Islamic finance in a non-Muslim country, the Philippines’ central bank...

Japan inflation hits five-year high 28 Sep 2013 - 04:52 am

TOKYO: Japanese inflation hit a five-year high last month, although yesterday’s data showed the rise was driven by soaring energy costs, indicating the...