Business

US-Japan Dreamliner probe reveals blackened battery 19 Jan 2013 - 05:02 am

An ANA Boeing 787 Dreamliner grounded at Haneda airport in Tokyo, yesterday. Since the Boeing 787 Dreamliners are grounded due to safety concerns,...

Union blames Boeing 787 woes on outsourcing 19 Jan 2013 - 04:58 am

WASHINGTON: Boeing’s engineers’ union blamed the problems with the grounded 787 Dreamliners on outsourcing as it rejected the US aerospace giant’s “final” contract...

Top economies facing LNG price spike due to demand 19 Jan 2013 - 04:57 am

NEW YORK/LONDON: Global prices for liquefied natural gas (LNG) are rising towards record highs this year as increasing demand runs up against stuttering...

Two-hour strike at GM unit over layoffs plan 19 Jan 2013 - 04:57 am

SAO PAULO: Nearly 4,000 workers staged a two-hour work stoppage at General Motors’ Brazilian unit yesterday as part of efforts to derail management...

Reliance Q3 profit up 24pc 19 Jan 2013 - 04:54 am

MUMBAI: India’s largest private firm Reliance Industries reported yesterday a surprise 24 percent rise in quarterly net profit as higher refining margins offset...

Sony selling Manhattan HQ building for $1.1bn 19 Jan 2013 - 04:52 am

Sony’s US headquarters building (centre), located at Madison Avenue in New York. TOKYO: Sony shares rocketed 12.20 percent yesterday as the embattled Japanese...

Asian markets up on China data, weak yen lifts Tokyo 19 Jan 2013 - 04:52 am

Hong Kong: Asian shares posted strong gains yesterday after China released data showing a better-than-expected pick-up in the economy for the past four...

Wall Street little changed; Intel drags 19 Jan 2013 - 04:52 am

NEW YORK: US stocks opened little changed yesterday, a day after the S&P 500 rose to its highest level in five years, as...

US oil export restrictions to stay 19 Jan 2013 - 04:51 am

LONDON: The US is unlikely to relax soon rules banning exports of most types of its crude oil, despite a huge increase in...

GE reports rise in net income 19 Jan 2013 - 04:51 am

NEW YORK: US industrial giant General Electric yesterday bested quarterly earnings from a year ago, as it reported higher profits in all of...

Airbus loses to Boeing in 2012 18 Jan 2013 - 03:49 am

TOULOUSE, France: European group Airbus lost the crown of the world’s biggest maker of airliners to US giant Boeing last year, but did...

Aston Martin celebrates 100 years in Dubai 18 Jan 2013 - 03:48 am

A helicopter airlifts the Aston Martin Vanquish onto the helipad of the Burj Al Arab Hotel, yesterday. The aerial extravaganza was held as...

Financial regulator issues rules for three sectors 18 Jan 2013 - 03:48 am

Doha: The Qatar Financial Centre (QFC) Regulatory Authority yesterday released rules covering three areas of regulation in keeping with international regulatory standards for...

GCC bonds set to weather US Treasury storm 18 Jan 2013 - 03:48 am

DUBAI: A jump in US Treasury yields in the last few weeks has raised a grim possibility for emerging market bond investors: A...

Cb sees Turkish bank deal by March 18 Jan 2013 - 03:47 am

Doha: Commercialbank (Cb) expects to complete the purchase of a 75 percent stake in Turkey’s Alternatifbank by the end of March, it said...

Emir issues decrees appointing QFMA board of directors 18 Jan 2013 - 03:47 am

Doha: The Emir H H Sheikh Hamad bin Khalifa Al Thani has issued Emiri Decree No 1 of 2013 appointing the Board of...

QNB prints $322m Swiss franc bond, plans 60 percent dividend proposal 18 Jan 2013 - 03:47 am

DOHA: Qatar National Bank (QNB), the Gulf state’s largest lender, has printed a 300m Swiss franc ($322.44m) bond, a document from sole bookrunner...

Dubai bourse hits new two-year high 18 Jan 2013 - 03:46 am

DUBAI: Dubai’s bourse climbed to a new two-year high yesterday as investors shifted funds to stocks lagging an early-year rally, while other regional...