Business

Etihad good for Alitalia: UniCredit 06 Apr 2014 - 06:46 am

CERNOBBIO: Etihad Airways could be a good partner for Alitalia, UniCredit Chief Executive Federico Ghizzoni said yesterday, adding he hoped the Abu Dhabi-based...

Ukraine, EU in talks for gas imports 06 Apr 2014 - 06:46 am

KIEV/LONDON: Ukraine is in emergency talks with European Union neighbours on the possibility of importing natural gas from the West, following a leap...

Russia seeks $11.4bn in gas ‘debt’ from Ukraine 06 Apr 2014 - 06:46 am

MOSCOW: Chairman of Russia’s Gazprom Alexei Miller yesterday said that Ukraine must pay back the full discount it has been granted on Russian...

Moody’s cuts Ukraine rating 06 Apr 2014 - 06:45 am

WASHINGTON: Rating firm Moody’s again lowered Ukraine’s credit rating by a notch on Friday, citing the “escalation” of its political crisis, and put...

McDonald’s quits Crimea as trade clash grows 06 Apr 2014 - 06:45 am

KIEV: McDonald’s Corp said it had closed its restaurants in Crimea, prompting fears of a backlash as a prominent Moscow politician called for...

Toyota India output halves amid strike 06 Apr 2014 - 06:45 am

BANGALORE: Japan’s Toyota said production at its two Indian plants has fallen by half as many of its unionised workers remain off the...

Jordan will get $264m IMF loan 06 Apr 2014 - 06:44 am

Amman: The IMF said it had reached an agreement with Jordan to disburse $264m that represent the third and fourth review under the...

Asean discusses economic risks 06 Apr 2014 - 06:44 am

NAYPYIDAW: Southeast Asian finance ministers are “vigilant” in the face of economic risks such as reduced US monetary stimulus, Myanmar said yesterday at...

Qatar property transaction value up 35.2pc 06 Apr 2014 - 05:08 am

DOHA: Qatar’s property transaction value recorded a huge jump in the first quarter of 2014 recording a high 35.2 percent to QR11.9bn compared...

Datsun on-DO unveiled in Moscow 05 Apr 2014 - 01:02 am

A new Datsun on-DO car is displayed during its Russian presentation in Moscow yesterday.

Trade union protest 05 Apr 2014 - 01:01 am

Demonstrators being hit by water cannon during a European trade union protest against austerity measures in central Brussels yesterday.

Boss’ approval 05 Apr 2014 - 01:00 am

Volkswagen (VW) CEO Martin Winterkorn and federal state Lower Saxony’s premier Stephan Weil (left) stand next to an engine block in the foundry...

Impressive debut 05 Apr 2014 - 01:00 am

Chief Executive Officer of GrubHub, Matt Maloney (left), takes part in an interview after the company’s IPO on the floor of the New...

Lira edges up despite Erdogan remarks 05 Apr 2014 - 12:52 am

ISTANBUL: Turkey’s lira rose yesterday as US jobs data boosted demand for emerging market assets, helping the lira regain ground lost earlier when...

Asian gas firms pairing up for purchases 05 Apr 2014 - 12:52 am

SEOUL: Asian gas and power companies are starting to pair up for joint purchases of LNG after more ambitious efforts to form a...

Delta, Etihad under scrutiny as EU probes foreign holdings 05 Apr 2014 - 12:51 am

FRANKFURT/ATHENS: The European Commission is examining several foreign holdings in European airlines, including Delta Air Lines’ stake in Britain’s Virgin and Etihad’s stake...

Huge local retail buying interest spurs green rush at QE index 05 Apr 2014 - 12:51 am

DOHA: Spurred by huge buying interests from local retail investors, Qatar Exchange Index continued its ‘green rush’ for the third straight week lifting...

Funds can also be too big to fail, says BoE’s Haldane 05 Apr 2014 - 12:50 am

LONDON: A top Bank of England official put the world’s $87 trillion asset-management industry on alert yesterday, saying it posed some of the...