Business

Plans for EU gas to Ukraine could be blocked 08 Apr 2014 - 02:45 am

LONDON: Reverse flows of natural gas from Europe to Ukraine to help it handle Russian price and supply cuts would be possible within...

HTC sales dive to five-year low 08 Apr 2014 - 02:44 am

Customers look at HTC smartphones in a mobile phone shop in Taipei. TAIPEI: Taiwan’s struggling smartphone maker HTC posted a net loss of...

The Hanover fair 08 Apr 2014 - 02:43 am

German Chancellor Angela Merkel receives a tulip from a robot on the stand of Dutch company ‘NTS Group’ as she is accompanied by...

World Bank trims China forecast 08 Apr 2014 - 02:43 am

SINGAPORE: The World Bank trimmed its 2014 growth forecast for China to 7.6 percent, from 7.7 percent previously. It kept the 2015 growth...

Germany strikes conciliatory tone with France on economy 08 Apr 2014 - 02:42 am

BERLIN: France’s new finance minister travelled to Berlin yesterday to defend budget plans to his German counterpart who was upbeat about Paris’ efforts...

Recovery in eurozone seen 08 Apr 2014 - 02:42 am

PARIS: The eurozone economy is expected to recover steadily in the first quarter of this year with growth of 0.4 percent pulled by...

Mallinckrodt to buy Questcor for $5.6bn 08 Apr 2014 - 02:42 am

NEW YORK: Ireland-based Mallinckrodt will buy US rival Questcor Pharmaceuticals in a roughly $5.6bn cash-and-stock deal expected to expand the firm’s drive in...

Taiwan’s aircraft maker set to be privatised soon 08 Apr 2014 - 02:42 am

TAIPEI: Taiwan’s sole aircraft maker AIDC applied to be listed on the stock exchange as part of a government drive to privatise large...

Numericable shares surge 08 Apr 2014 - 02:41 am

Patrick Drahi (centre), Executive Chairman of cable and mobile telecoms company Altice and founder of Numericable, Eric Denoyer (left), CEO of French cable...

Lebanon to begin gas licensing soon 08 Apr 2014 - 02:40 am

BEIRUT: Lebanon expects to close its first licensing round for offshore gas exploration areas within about four months after overcoming a legislative hurdle...

‘Oil price fair despite strong political factors’ 08 Apr 2014 - 02:40 am

KUWAIT CITY: Kuwaiti Oil Minister Ali Al Omair said yesterday that current oil prices are “fair” despite strong geopolitical factors impacting the region. ...

Kuwait in talks to renew oil contracts with Egypt 08 Apr 2014 - 02:39 am

KUWAIT: Kuwait is in talks to renew some of its contracts to supply oil to Egypt and has been looking for potential investments...

UK savings ratio set to double 08 Apr 2014 - 02:39 am

LONDON: The finances of Britain’s households are likely to look a lot healthier later this year, but not because wages are about to...

Greece in no hurry for bond issue: Minister 08 Apr 2014 - 02:39 am

ATHENS: Greece is in “no hurry” to tap markets with a five-year bond sale which reports said could come as early as this...

QE index breaks 12,000 barrier, volume doubles 07 Apr 2014 - 02:23 am

By Satish Kanady DOHA: Qatari bourse extended its rally for the ninth straight session yesterday to break the psychologically-strong 12,000-mark barrier. The Qatar...

Lafarge, Holcim to create $55bn entity 07 Apr 2014 - 02:22 am

Logos of the French building materials group Lafarge and the cement company Holcim. PARIS: The world’s two largest cement makers, France’s Lafarge and...

BP faces pressure over Russian stake 07 Apr 2014 - 02:22 am

People outside a currency exchange in the Crimean city of Simferopol. London: BP will come under pressure at its annual meeting this week...

Aamal looks for new opportunities 07 Apr 2014 - 02:20 am

Aamal Managing Director Tarek M El Sayed (third left) with other officials of the company yesterday. Salim Matramkot Doha: Aamal Company, a diversified...