Business

China plans to probe carmakers over pricing 14 Aug 2013 - 12:23 am

SHANGHAI/BEIJING: A Chinese automotive association is collecting data on the price of all foreign cars sold in the country for a government agency...

Cyprus central bank chief says bailout should have come sooner 14 Aug 2013 - 12:22 am

Cyprus Central Bank Governor Panicos Demetriades prepares to testify at a judicial inquiry in Nicosia yesterday. NICOSIA: Cyprus should have applied for an...

India increases gold duties to plug trade gap 14 Aug 2013 - 12:21 am

NEW DELHI: India, the world’s biggest buyer of gold, raised duties yesterday on bullion imports for the third time this year as it...

China set to become world’s biggest net oil importer 14 Aug 2013 - 12:21 am

BEIJING: China is set to overtake the US as the world’s largest net oil importer from October, according to US figures, due to...

US moves to block US Airways-American Airlines $11bn merger 14 Aug 2013 - 12:21 am

WASHINGTON: The US Justice Department and several states filed suit yesterday to block the $11bn merger between American Airlines and US Airways, saying...

Operating licence for Quebec disaster railroad suspended 14 Aug 2013 - 12:21 am

OTTAWA: Canada yesterday suspended the operating license for the rail firm involved in last month’s deadly Quebec tanker train disaster, saying the company...

Domino’s Pizza bites into Japan market 14 Aug 2013 - 12:20 am

SYDNEY: Australia’s Domino’s Pizza Enterprises said yesterday it is expanding into Asia, taking a 75 percent stake in the fast-food brand’s Japanese business...

Eurozone industrial output bounces back sharply 14 Aug 2013 - 12:20 am

BRUSSELS: A sharp rebound in eurozone industrial output for June is another pointer that the single currency bloc is finally edging out of...

QE index to stay stable, say analysts 13 Aug 2013 - 12:17 am

DOHA: Stock analysts and corporate circles do not expect a major correction to take place on the Qatari bourse at least over the...

Wind power storage woes 13 Aug 2013 - 12:16 am

Wind turbines are seen in the distance, blackened by the Silver Fire near Banning, California. California, whose green ambitions helped spawn the solar...

Brent crude falls below $108 13 Aug 2013 - 12:16 am

LONDON: Brent crude oil dropped below $108 per barrel yesterday after a sharp rally in the previous session as investors awaited US data...

MSCI upgrade to bring more funds to Qatar 13 Aug 2013 - 12:15 am

DOHA: Inclusion of Qatar in the MSCI Emerging markets index would aid in inflow of institutional money into the country’s capital market, Kuwait...

New Economic Zones to spur non-hydrocarbon growth in Qatar 13 Aug 2013 - 12:15 am

DOHA: Qatar’s ongoing policy to diversify its economy into non-hydrocarbon sector is expected to get a huge boost with the opening of three...

GCC inflation rates accelerate: QNB Group 13 Aug 2013 - 12:15 am

Doha: Consumer Price Index (CPI) inflation in the GCC has accelerated since mid-2012, although, at 2.9 percent in May 2013, it remains well...

Gold climbs for fourth day 13 Aug 2013 - 12:14 am

LONDON: Gold climbed to its highest in nearly two weeks on Monday, shrugging off dollar strength, as US economic data pointed to sluggish...

Deutsche, HSBC tussle with Saudi Telecom on $1.2bn loan 13 Aug 2013 - 12:14 am

DUBAI: Lenders including Deutsche Bank, HSBC and China Development Bank are resisting calls by Saudi Telecom (STC) to restructure a loan that could...

India struggles to arrest rupee fall as industrial output shrinks 13 Aug 2013 - 12:13 am

NEW DELHI: India pledged yesterday to curtail some imports to narrow a record current account deficit and arrest a sliding currency as a...

Japan growth slows in Q2, adds to sales tax uncertainty 13 Aug 2013 - 12:12 am

A Japanese national flag at a port in Tokyo, Japan. According to data released by the government, the Japanese economy expanded from April...