Business

North Sea tax change to end drillers’ 20-year tax holiday 14 May 2014 - 04:51 am

LONDON: A planned change in the way Britain taxes North Sea drillers exposes the loophole in a system that allowed an industry with...

German investor confidence sinks 14 May 2014 - 04:51 am

FRANKFURT: Investment sentiment in Germany fell to the lowest level for nearly 1.5 years in May amid concern that growth in Europe’s top...

SABIC sees oil-to-chemicals plant by 2020 14 May 2014 - 04:51 am

KHOBAR: Saudi Basic Industries Corp (SABIC) expects its planned oil-to-chemicals plant to start operations by the end of 2020, it said yesterday. SABIC,...

World sheds reserve over role of yuan 14 May 2014 - 04:51 am

SHANGHAI: China’s yuan will one day compete for a place alongside the mighty dollar as a reserve currency hoarded by central banks, analysts...

India’s stocks cheer Modi victory forecast 14 May 2014 - 04:50 am

NEW DELHI: Indian stock markets surged to record highs yesterday on hopes of a business-friendly government under Hindu nationalist Narendra Modi as polls...

Natixis plans Middle East hiring spree 14 May 2014 - 04:50 am

DUBAI: Natixis plans to increase staffing levels in the Middle East by 50 percent in 2014, a top executive of the French investment...

China faces slowdown in investments 14 May 2014 - 04:49 am

BEIJING: China’s fixed-asset investment, a main measure of government spending on infrastructure, rose at its slowest pace in more than 12 years in...

Bilfinger offers to buy UK GVA 14 May 2014 - 04:49 am

FRANKFURT: German industrial and services company Bilfinger has offered to buy privately owned UK commercial property consultant GVA Grimley Holdings, its latest in...

Sony executives lose bonuses again after another bad year 14 May 2014 - 04:48 am

TOKYO: Struggling electronics giant Sony will not pay bonuses to senior executives for the third straight year, the Japanese company said yesterday, as...

Dubai fund plans benchmark sukuk 14 May 2014 - 04:48 am

DUBAI: Investment Corporation of Dubai (ICD), the state-owned fund which holds stakes in some of the emirate’s top companies, plans to sell a...

QE index conquers another high 14 May 2014 - 03:38 am

Doha: Continuing its rising spree, Qatari bourse yesterday closed at all-time high of 13,174.74 points, gaining 107.40 points or 0.82 percent yesterday, helped...

Al Sada meets Bangladesh Minister 13 May 2014 - 08:57 am

The Minister of Energy and Industry H E Dr Mohammed bin Saleh Al Sada with Tofail Ahmed, the Minister of Commerce of the...

No matches on UHD 13 May 2014 - 08:56 am

Joe Stinziano, Executive Vice-President of Samsung Electronics of America, introduces a 105-inch, curved ultra-high definition (UHD) television. Soccer fans who have splashed out...

36m IT pros worldwide by 2020: Tucci 13 May 2014 - 08:55 am

Joe Tucci (inset), Chairman and CEO of EMC Corporation, addressing the EMC World 2014 held in Las Vegas. By Hussain Ahmad LAS VEGAS:...

Huge growth in Gulf 13 May 2014 - 08:54 am

DOHA: EMC Corp sees a huge future for its products and services in the Gulf region and the company is fully equipped to...

Hillshire Brands buying Pinnacle Foods for $6.6bn 13 May 2014 - 08:51 am

Pinnacle Foods CEO Bob Gamgort (centre) and company executives ring the opening bell, in celebration of the company’s IPO at the New York...

Nissan profit jumps 14pc to $3.8bn 13 May 2014 - 08:49 am

Nissan’s President and CEO Carlos Ghosn at a news conference at its headquarters near Tokyo yesterday. TOKYO: Nissan said yesterday its full-year net...

Hitachi records 51.1 percent profit increase 13 May 2014 - 08:48 am

Hitachi Chairman and CEO Hiroaki Nakanishi (left) and President and COO Toshiaki Higashihara announcing the company’s progress on the 2015 mid-term management plan...