Business

Chrysler group in massive recall 03 Apr 2014 - 08:53 am

The 2014 Jeep Grand Cherokee is introduced at the North American International Auto Show in Detroit, Michigan. Chrysler Group said yesterday it would...

Asos says growth story still intact after profit fall 03 Apr 2014 - 08:49 am

Ellie O’Connor, an assistant merchandiser, works in the Asos headquarters in London yesterday. LONDON: British online fashion retailer Asos said yesterday its long-term...

High-speed train business 03 Apr 2014 - 08:47 am

Jochen Eickholt, CEO Siemens AG Rail Systems; CEO of the German railway firm Deutsche Bahn Ruediger Grube and German Transport Minister Alexander Dobrindt...

Waiting for jobs 03 Apr 2014 - 08:46 am

People wait to enter a government-run employment office in Madrid yesterday. The number of people registered as jobless in Spain fell by 0.35...

Rubicon debuts on NYSE 03 Apr 2014 - 08:45 am

Chief Executive Officer of the Rubicon Project, Frank Addante (second right), rings a bell for the company’s IPO on the floor of the...

BNY Mellon official on hot seat 03 Apr 2014 - 08:44 am

A wom A woman walks past a logo at the office of the Bank of New York Mellon in Brussels. BNY Mellon Corp’s...

IMF ramps up loan conditions despite promises 03 Apr 2014 - 08:36 am

WASHINGTON: The number of conditions the International Monetary Fund attaches to its loans has grown in recent years, despite promises to limit what...

Russia Binbank to take over Ukrainian unit 03 Apr 2014 - 08:35 am

MOSCOW: Russian lender Binbank said yesterday it could buy the Moscow subsidiary of Ukraine’s Privatbank in two weeks from its Ukrainian owners who...

EU bank rescue package could avert Greek bailout 03 Apr 2014 - 08:34 am

ATHENS: Greece wants to use some ¤11bn ($15bn) left in its EU bank rescue package to meet upcoming needs and avoid a new...

Qatar Exchange index adds 34.01 points 03 Apr 2014 - 08:33 am

Doha: Qatar Exchange index added 34.01 points, or 0.29 percent, to advance to 11,939.95 points from 11,905.94 on Tuesday. The volume of the...

Brent crude falls below $104 on US stockpile 03 Apr 2014 - 08:31 am

LONDON: Brent oil fell $1 to a near five-month low below $105 a barrel yesterday on poor manufacturing data from China and Europe,...

Mobile licence offered to Telecom Egypt for $360m 03 Apr 2014 - 08:30 am

CAIRO: Fixed line monopoly operator Telecom Egypt has been asked to pay 2.5bn Egyptian pounds ($360m) for the mobile licence it wants, the...

Indonesia Islamic finance sector broadens 03 Apr 2014 - 08:30 am

Jakarta: Indonesia’s Islamic banks maintained double-digit asset growth last year while rural and non-bank segments made further gains, broadening the industry’s consumer base...

Batelco names Whelan as CEO 03 Apr 2014 - 08:28 am

DUBAI: Bahrain’s Batelco has appointed Alan Whelan as group chief executive, the state-run telecommunications operator said yesterday, nearly 11 months after its former...

Libya may reach deal to open oil ports in days 03 Apr 2014 - 08:27 am

TRIPOLI: Libya could finalise an agreement in two to three days with rebels to reopen key oil ports, a government spokesman said yesterday,...

Saudi carrier flynas to strike profit 03 Apr 2014 - 08:27 am

RIYADH: Saudi Arabia’s first and only budget airline, flynas, aims to grow at least 20 percent annually and expects to turn profitable in...

10th Back 2 Business forum on October 2 03 Apr 2014 - 08:27 am

DOHA: The 10th edition of ‘Back 2 Business 2014’, organised by Italian Chamber of Commerce in association with Turkish Businessmen Association, will take...

US-EU energy strategy targets Russia 03 Apr 2014 - 08:26 am

BRUSSELS: The United States stepped up its war of words over Russian gas yesterday, while warning its European allies not to count on...