Business

Electro-motorcycle 26 Apr 2014 - 01:54 am

An employee of Johammer e-mobility company works on a J1.200 electro-motorcycle at their headquarters in Bad Leonfelden, Austria, yesterday. The Johammer J1.200 is...

E-Fan takes to the skies 26 Apr 2014 - 01:53 am

French Economy Minister Arnaud Montebourg (right) reacts next to French pilot Didier Esteyne (left) after the first public flight of an E-Fan aircraft...

Russia raises rates to curb inflation 26 Apr 2014 - 01:51 am

MOSCOW: Russia unexpectedly raised interest rates for the second time in two months yesterday and suffered its first credit rating cut in five...

Maruti Suzuki eyes post-poll bounce as profits dive 26 Apr 2014 - 01:51 am

NEW DELHI: Top Indian carmaker Maruti Suzuki yesterday reported a 35.5-percent drop in quarterly net profit, but said it hoped for a turnaround...

Honda full-year profit surges 56pc to $5.6bn 26 Apr 2014 - 01:49 am

TOKYO: Japanese automaker Honda said yesterday its fiscal year net profit soared to $5.6bn, thanks to brisk overseas sales and a weaker yen....

ANA boosts profit forecast by 20 percent 26 Apr 2014 - 01:49 am

TOKYO: The operator of Japan’s All Nippon Airways (ANA) yesterday boosted its net profit forecast for the past fiscal year by 20 percent,...

British govt blocks RBS bonus plan 25 Apr 2014 - 10:51 pm

LONDON: Britain has blocked plans by state-controlled Royal Bank of Scotland to pay bonuses worth double an employee’s fixed salary, adding to the...

GE in talks to buy Alstom power turbine division 25 Apr 2014 - 10:51 pm

PARIS: US industrial products giant General Electric is in talks to buy the global power turbines division of struggling French engineering group Alstom,...

Australia’s tobacco law to be tested at WTO 25 Apr 2014 - 10:50 pm

GENEVA: An Australian law forcing cigarette companies to sell their products in plain packets is about to be tested in court, diplomats at...

UK installs first grid-scale battery 25 Apr 2014 - 10:50 pm

LONDON: Britain’s most ambitious smart grid project is being built on a housing estate in Leighton Buzzard, a rapidly growing commuter town north...

First Dubai IPO in five years sees surge of interest 25 Apr 2014 - 10:50 pm

DUBAI: The first initial public offer of shares on Dubai’s main stock market for five years was 36 times subscribed, a sign of...

Qatar Exchange index down 6.63 points 25 Apr 2014 - 10:05 am

Doha: Qatar Exchange ended in the red when trading closed yesterday at 12,954.93 points, down 6.63 points, or 0.05 percent, from the previous...

GM profits down 85pc after recalls 25 Apr 2014 - 10:03 am

The President of General Motors North America, Mark Reuss, with the new Chevrolet Corvette during a launch. GM said its first-quarter profits plunged...

Barclays profit falls 25 Apr 2014 - 10:02 am

A demonstrator, wearing a mask depicting Barclays CEO Antony Jenkins, protests as a guide directs shareholders to the Barclays AGM in London yesterday....

US on growth path 25 Apr 2014 - 10:00 am

Workers assemble built-in appliances at the Whirlpool manufacturing plant in Cleveland, Tennessee. Orders for long-lasting US manufactured goods rose more than expected in...

Apple splitting stocks before ‘next big thing’ as iPhone sales soar 25 Apr 2014 - 09:59 am

SAN FRANCISCO: Apple courted investors with stock split plans as hot iPhone sales pushed up profits while underscoring pressure for the company to...

Facebook profits triple to $642m 25 Apr 2014 - 09:59 am

NEW YORK: Facebook profits tripled to $642m in the first quarter on a 72-percent surge in revenues helped by strong gains in mobile...

Shale gas work to bring in £33bn, 64,000 jobs to Britain 25 Apr 2014 - 09:59 am

London: The development of shale gas in Britain could create more than 64,000 jobs and give local businesses a £33bn ($55.37bn) capital injection,...