Business

Qatar’s real GDP to grow 6.8pc next year 14 Jul 2013 - 01:45 am

DOHA: Qatar’s real GDP is expected to expand at a rapid pace during the second half of 2013 growing 6.5 percent for the...

Home prices rise by 120pc in HK 14 Jul 2013 - 01:42 am

A worker balances on a bamboo scaffolding set up over a billboard advertising a real estate project in Hong Kong. The city boasts...

Egypt upheaval mars hopes of end to economic woes 14 Jul 2013 - 01:42 am

CAIRO: Egypt’s shattered economy was boosted this week by Gulf allies pledging billions of dollars in aid, but analysts say this simply buys...

AT&T agrees to buy Leap Wireless for $1.2bn 14 Jul 2013 - 01:42 am

NEW YORK: AT&T, the second-largest US wireless carrier, agreed to buy Leap Wireless International for $1.2 billion, giving the company 5 million customers,...

Greeks split on reforms, job cuts: Poll 14 Jul 2013 - 01:41 am

ATHENS: Greeks are split down the middle on whether public sector job cuts demanded by the country’s international lenders for continued bailout funding...

Fitch cuts French credit rating 14 Jul 2013 - 01:39 am

A file picture shows two ‘A’ letters and a ‘+’ symbol placed on a French map. NEW YORK/PARIS: France lost the last of...

Commodities rally on Fed stimulus pledge 14 Jul 2013 - 01:39 am

LONDON: Most commodity markets rallied this week, with oil striking a 15-month peak, after US Federal Reserve chairman Ben Bernanke pledged to retain...

Regulators seek to crack down on bank leverage 14 Jul 2013 - 01:38 am

LONDON: New demands from regulators to force banks to keep a lid on risk-taking after the financial crisis has re-ignited a debate over...

Icahn adds perk to Dell offer 14 Jul 2013 - 01:38 am

NEW YORK: Billionaire investor Carl Icahn is offering shareholders a chance to own a bigger stake in Dell Inc, seeking to force Michael...

Malaysia’s Islamic finance sector overhaul a boost for depositors 14 Jul 2013 - 01:37 am

KUALA LUMPUR/DUBAI: New laws governing Malaysia’s Islamic finance sector will boost protection for depositors by making religious advisers legally accountable for financial products,...

UPS sees fall in Q2 profit 14 Jul 2013 - 01:36 am

United Parcel Service (UPS) aircraft are loaded with containers full of packages at the UPS Worldport All Points International Hub in Louisville, Kentucky....

Philippine growth 14 Jul 2013 - 01:33 am

A view of new office buildings in Manila. Visiting World Bank vice president for East Asia and the Pacific Axel van Trotsenburg said...

Ford sees turnaround in Europe: Official 14 Jul 2013 - 01:32 am

DETROIT: The steep contraction of Europe’s auto industry — which has trimmed sales, forcing carmakers to absorb punishing losses and slash production —...

Greece picks Eurobank to buy Postbank 14 Jul 2013 - 01:32 am

ATHENS: Greece’s bank rescue fund picked Eurobank to buy New Hellenic Postbank as part of consolidation in the sector and to meet a...

G20 needs clear policies: Russia 14 Jul 2013 - 01:31 am

MOSCOW: The Group of 20 backs clear monetary policies, Russia said yesterday, reflecting the concerns of developing economies that a withdrawal of US...

JPMorgan Chase Q1 profit up 31pc 13 Jul 2013 - 01:58 am

Commuters are reflected in stone as they walk past the JPMorgan headquarters in New York. JPMorgan Chase & Co reported a 31 percent...

Dreamliner catches fire at Heathrow 13 Jul 2013 - 01:57 am

Emergency crew surround a Boeing 787 Dreamliner, operated by Ethiopian Airlines, which caught fire at Heathrow airport yesterday. LONDON: A Boeing 787 Drea-mliner...

Egypt likely to convert funds into bonds 13 Jul 2013 - 01:57 am

LONDON: Egypt could convert part of the $12bn of loans and grants pledged by Gulf nations this week into tradable bond securities, a...