Business

Spain reports first price fall in four years 29 Mar 2014 - 06:56 am

MADRID: Spain reported yesterday its first fall in consumer prices in more than four years, feeding fears that the eurozone could fall into...

Gold hits six-week lows 29 Mar 2014 - 06:55 am

LONDON: Gold fell to fresh six-week lows under $1,300 an ounce yesterday, and was on track for a second straight weekly decline as...

GDF Suez reveals deal taking US liquefied gas to Taiwan 29 Mar 2014 - 06:54 am

PARIS: French gas group GDF Suez revealed yesterday a giant deal, the first of its kind, to ship liquefied natural gas from the...

Ukraine seen risky bet for IMF 29 Mar 2014 - 06:53 am

WASHINGTON: The International Monetary Fund is treading on risky ground in rushing to the aid of Ukraine, given the country’s instability and poor...

GM suspends selling certain Cruze cars, gives no reason 29 Mar 2014 - 06:53 am

DETROIT: General Motors Co said yesterday that it had told its dealers to stop selling Chevrolet Cruze small cars equipped with 1.4-litre turbo...

BoE likely to revive securitisation 29 Mar 2014 - 06:51 am

LONDON: The Bank of England may try to revive the securitised debt market to support the economic recovery, a policymaker said yesterday, in...

Italy sells Maseratis, Jaguars on eBay 29 Mar 2014 - 06:51 am

ROME: Italy’s government is selling off scores of official cars including Jaguars and Maseratis on online auction site eBay as it strives to...

UK insurance sector plunges on looming review 29 Mar 2014 - 06:50 am

LONDON: Shares in British insurers slumped yesterday as regulators revealed plans for a review of charges and restrictions on 30 million policies sold...

Britain posts big current account deficit 29 Mar 2014 - 06:47 am

LONDON: Britain’s current account deficit was much bigger than expected in the fourth quarter and households ran down savings to keep up their...

Pakistan tightens rules on Islamic banking windows 29 Mar 2014 - 06:46 am

Islamabad: Pakistan’s central bank has issued new rules for the operation of Islamic banking windows, aiming to strengthen their role in the world’s...

Milaha approves dividend recommendation 28 Mar 2014 - 08:10 am

Milaha Chairman Sheikh Ali bin Jassim bin Mohammad Al Thani (fourth right) and Vice Chairman Sheikh Khaled Al Thani (fourth left) with other...

US economy shows some muscle 28 Mar 2014 - 08:09 am

A new home is being built with a for sale sign on a street in Vienna. The National Association of Realtors said its...

Baselworld fair 28 Mar 2014 - 08:08 am

Nick Hayek Jr (left), Swatch Group CEO, talking to Swiss Defence Minister Ueli Maurer (extreme right) during his visit to the exhibition stand...

Samsung irked by early Galaxy S5 release 28 Mar 2014 - 08:07 am

SEOUL: Samsung voiced annoyance yesterday after South Korean telecoms operators released its latest smartphone ahead of schedule in order to dodge sales restrictions...

IMF offers up to $18bn bailout for Ukraine 28 Mar 2014 - 08:01 am

KIEV: The International Monetary Fund has agreed a $14bn-$18bn two-year bailout for Ukraine, a deal to help it recover from months of turmoil...

Microsoft finally delivers Office for Apple’s iPad 28 Mar 2014 - 08:00 am

SAN FRANCISCO: Microsoft Corp’s Office suite of applications, encompassing its popular Word, Excel and PowerPoint programs, became available to iPad users from Apple...

Iran plans to hike petrol imports 28 Mar 2014 - 08:00 am

ANKARA: Iran aims to increase its petrol imports over the next year, a senior Iranian oil official said yesterday, as the country has...

Bank of America to pay $9.3bn to settle mortgage bond claims 28 Mar 2014 - 07:58 am

WASHINGTON: Bank of America agreed to pay $9.3bn to settle claims that it sold Fannie Mae and Freddie Mac faulty mortgage bonds, helping...