Business

Jet Airways to restructure after posting worst loss 29 May 2014 - 01:45 am

NEW DELHI: Jet Airways Ltd laid out a three-year restructuring plan yesterday vowing to take tough measures to return India’s No. 2 airline...

London house prices falling: Nationwide 29 May 2014 - 01:44 am

LONDON: The price of homes in Britain’s capital may start to fall this summer, UK lender Nationwide said yesterday, potentially reducing the need...

Tesla shares decline after S&P’s ‘junk’ bond rating 29 May 2014 - 01:44 am

WASHINGTON: Shares in upstart electric car maker Tesla fell 2.5 percent yesterday after Standard & Poor’s gave the company’s bonds a “junk” rating. ...

Vodafone to launch 4G on June 3 28 May 2014 - 12:42 am

From Left: Vodafone Qatar Chairman Sheikh Dr Khalid bin Thani Al Thani. Khalid Barzak, head of Investor and shareholder relations, Kyle Whitehill, CEO,...

Global banks haven’t changed since crisis: IMF 28 May 2014 - 12:41 am

IMF Chief Christine Lagarde addressing the inclusive capitalism conference in London yesterday. London: The head of the International Monetary Fund has warned that...

QE outperforms again on MSCI hopes 28 May 2014 - 12:36 am

DUBAI: Stock markets in the Qatar and United Arab Emirates outperformed the region once again yesterday because of the approach of MSCI’s upgrade...

Huge task awaits India’s finance minister 28 May 2014 - 12:35 am

India’s new Finance Minister Arun Jaitley at the finance ministry in New Delhi yesterday. NEW DELHI: Hardened by a term in prison as...

Airbus takes stock 28 May 2014 - 12:34 am

Airbus Group Chairman Denis Ranque (left) and CEO Thomas Enders at the shareholders meeting of the Airbus Group in Amsterdam, the Netherlands, yesterday.

EU-brokered gas deal not good: Ukraine 28 May 2014 - 12:22 am

Gazprom Chief Executive Alexei Miller leaves after a news conference given by Ukrainian Energy Minister Yuri Prodan (left) about EU-Ukraine-Russia energy negotiations at...

Hearing for Siemens CEO 28 May 2014 - 12:22 am

Christophe de Maistre, CEO of Siemens France, arrives to attend a commission hearing at the National Assembly in Paris yesterday. Siemens is readying...

Krugman urges ECB to raise inflation target 28 May 2014 - 12:21 am

European Central Bank President Mario Draghi (right) attends a conference during the ECB Forum on Central Banking in Sintra Portugal, yesterday. LISBON: The...

Indian industry hopes for tax change 28 May 2014 - 12:20 am

A customer stands inside a Maruti Suzuki’s car showroom in Ahmedabad. Indian carmakers, battered by two years of slowing sales, hope the resounding...

QInvest sees Turkey playing leading role in Islamic finance 28 May 2014 - 12:14 am

DOHA: QInvest, one of Qatar’s leading Shariah-compliant investment bank, sees Turkey as being a key driver of growth in Islamic finance worldwide, and...

Jet Airways posts record quarterly loss 28 May 2014 - 12:14 am

NEW DELHI: Jet Airways (India) Ltd, part-owned by Abu Dhabi’s Etihad, reported its biggest-ever quarterly loss as costs jumped and it took a...

Boost for growth as US durable goods orders up 28 May 2014 - 12:14 am

WASHINGTON: Orders for long-lasting US manufactured goods unexpectedly rose in April and consumer confidence perked up in May, supporting views of a rebound...

British banks lend fewest mortgages in eight months 28 May 2014 - 12:13 am

LONDON: Britain’s banks last month approved the lowest number of mortgages since August 2013 in the latest sign that the housing market is...

BHP Billiton may cut jobs 28 May 2014 - 12:13 am

LONDON: BHP Billiton , the world’s largest diversified mining company, may cut jobs at its Worsley Alumina operations in Australia after completing a...

Inkel’s board meeting in Doha 28 May 2014 - 12:13 am

Doha: A meeting of the board of directors of Inkel Ltd with head quarters in Kochi, Kerala will be held in Doha on...