Business

Merkel calls for more market rules 01 Sep 2013 - 03:59 am

BERLIN: German Chancellor Angela Merkel said she would push the G20 to make more progress on regulating financial markets and crack down on...

Regulators agree on global swap rules 01 Sep 2013 - 03:58 am

WASHINGTON: Finance watchdogs laid out joint rules for the $630 trillion derivatives industry that was at the core of the 2007-09 credit meltdown,...

Most Brazil IPOs lost money since 2005: Credit Suisse 01 Sep 2013 - 03:58 am

CAMPOS DO JORDAO, Brazil: Many initial public offerings in Brazil have led to investor losses over the past eight years, a senior Credit...

Delta and Virgin Atlantic receive tentative antitrust immunity 01 Sep 2013 - 03:58 am

NEW YORK: Delta Air Lines Inc and Virgin Atlantic Airways Ltd are on track to receive immunity from US antitrust laws to operate...

Pentagon open to foreign investments 01 Sep 2013 - 03:57 am

WASHINGTON: The Pentagon is taking a harder look at proposed foreign acquisitions of US companies given the increasing financial complexity of such deals,...

Iran’s oil revenues drop 58pc 01 Sep 2013 - 03:57 am

WASHINGTON: Iran’s monthly revenues from oil sales have dropped 58 percent since just before the United States imposed harsher sanctions on the country...

Duke to stop burning coal at most of plants 01 Sep 2013 - 03:57 am

INDIANAPOLIS: Duke Energy has agreed to quit burning coal at its share of a power plant in western Indiana by June 2018 under...

Soybeans log best month in more than a year 01 Sep 2013 - 03:56 am

New York: Soybeans logged their best month in more than a year on concerns that dry weather in August will harm this year’s...

Syria turmoil pushes QE index down 01 Sep 2013 - 02:41 am

By Basheer Yusief Kahloot Qatar’s stock index witnessed a sharp decline due to political turmoil in Syria. The decline is not only limited...

Russian aviation show 31 Aug 2013 - 12:53 am

Sukhoi Su-27 jet fighters of the Russkiye Vityazi (Russian Knights) aerobatic team perform during a demonstration flight at the MAKS International Aviation and...

Opec August output falls on Libya: Survey 31 Aug 2013 - 12:21 am

LONDON: Saudi Arabia, the world’s largest oil exporter, has boosted output in August to a record high, a Reuters survey found yesterday, partly...

Asia’s Iran oil imports drop slightly 31 Aug 2013 - 12:20 am

TOKYO: Iran’s top four oil clients slightly reduced imports from the sanction-hit nation in July and purchases remain down about a fifth for...

Eurozone unemployment steady at recor 12.1pc 31 Aug 2013 - 12:20 am

BRUSSELS: Eurozone unemployment was unchanged at an “unacceptable” record 12.1 percent in July but another slight fall in the total jobless after an...

British recovery gathers pace, Carney acknowledges risks 31 Aug 2013 - 12:19 am

LONDON: A surge in mortgage approvals, a rise in house prices and higher consumer confidence and business lending added to signs of momentum...

High fuel costs push Virgin Australia into the red 31 Aug 2013 - 12:19 am

SYDNEY: Virgin Australia’s key shareholders backed the airline with major loan commitments yesterday after the carrier plunged into the red as high fuel...

Medvedev at Gazprom 31 Aug 2013 - 12:18 am

Russia’s Prime Minister Dmitry Medvedev (right) chairs a meeting as he visits the headquarters of the Gazprom company in Moscow yesterday.

Sinopec in $3.1bn Egypt acquisition 31 Aug 2013 - 12:17 am

SHANGHAI: Chinese oil giant Sinopec is entering Egypt despite the country’s political strife, announcing yesterday it is buying a $3.1bn stake in an...

Brazil economy grew 1.5pc in Q2 31 Aug 2013 - 12:17 am

RIO DE JANEIRO: Brazil, Latin America’s leading economy, expanded 1.5 percent in the second quarter of 2013 compared with the previous three month,...