Business

GSK boss to address China scandal this week 22 Jul 2013 - 12:13 am

LONDON: GlaxoSmithKline Chief Executive Andrew Witty will detail what action the drugmaker is taking in response to allegations of bribery against it in...

Two new members in QBA board 21 Jul 2013 - 01:37 am

Members of the QBA pose for a group picture. DOHA: The Qatari Business-men’s Association (QBA) is set to meet with the newly appointed...

G20 endorses plan to halt tax avoidance 21 Jul 2013 - 01:36 am

MOSCOW: The G20 yesterday fully endorsed an action plan set out by the OECD to clamp down on tax avoidance which its creators...

Boeing confident about Dreamliner; no orders cancelled, says Johnson 21 Jul 2013 - 01:34 am

BY MOHAMMAD SHOEB DOHA: Problems encountered by Boeing’s 787 Dreamliner are glitches that any new airplane goes through, and the company is confident...

Japan wins rights to explore for rare metals in Pacific 21 Jul 2013 - 01:34 am

TOKYO: Japan yesterday said it had won the rights to explore for cobalt-rich crusts in the Pacific, a move that could reduce its...

Qatar’s Emerging Market status to benefit asset managers 21 Jul 2013 - 01:33 am

DOHA: The MSCI’s decision to elevate Qatar from Frontier Market to Emerging Market status will significantly benefit Asset Management companies. A survey, jointly...

Detroit bonds drop 21 Jul 2013 - 01:32 am

A file picture of workers removing the Dexia bank logo from its headquarters in Brussels after the Belgian part of the bank was...

Credit squeeze may dampen growth in China: QNB Group 21 Jul 2013 - 01:31 am

Doha: The Chinese authorities’ policy to squeeze excessive credit expansion may dampen economic growth in the second half of 2013, according to QNB...

Public finances show UK on track for borrowing goal 21 Jul 2013 - 01:31 am

LONDON: Britain’s government remains on track to meet its politically sensitive budget goals for the current tax year, data showed on Friday, although...

Rates: China’s banks warned to be prudent 21 Jul 2013 - 01:30 am

A bank clerk counts Chinese yuan notes at a branch of Industrial and Commercial Bank of China in Huaibei. BEIJING: Chinese banks took...

Azeri Socar eyes stake in Turkish fuel market 21 Jul 2013 - 01:29 am

ISTANBUL: Azeri Socar is in talks with Austrian OMV’s Petrol Ofisi to buy into its aviation fuel business, industry sources said, as the...

Microsoft, ValueAct in talks 21 Jul 2013 - 01:29 am

NEW YORK/SEATTLE: Mem-bers of Microsoft Corp’s board have held talks with ValueAct Capital Management LP in recent days over the activist shareholder’s demands...

Tourism rebounds in Greece 21 Jul 2013 - 01:28 am

A tourist swims in the pool of a luxury hotel as the Acropolis hill is seen in the background in Athens. Foreign tourists...

G20 pledges policy shift 20 Jul 2013 - 03:21 am

IMF Managing Director Christine Lagarde attending the G20 Finance Ministers and Central Bank Governors Meeting 2013 in Moscow yesterday. MOSCOW: The Group of...

Oil rises above $109 on strong demand for fuel 20 Jul 2013 - 03:20 am

LONDON: Oil on both sides of the Atlantic climbed above $109 a barrel yesterday, after encouraging economic data and a sharp decline in...

Abu Dhabi sells Barclays stake 20 Jul 2013 - 03:20 am

LONDON: An Abu Dhabi sheikh who helped British bank Barclays avoid a state bailout during the global financial crisis has sold his stake....

Panasonic, Sanyo fined $56m for price-fixing 20 Jul 2013 - 03:20 am

TOKYO: Investors shrugged yesterday after the US Justice Department announced Japan’s Panasonic and its subsidiary Sanyo had pleaded guilty to price-fixing involving auto...

Former BP chief builds US Gulf oil acreage 20 Jul 2013 - 03:20 am

LONDON: Former BP chief executive John Browne is to preside over the biggest set of oil and gas assets in the shallower, mature...