Business

Abu Dhabi extends period of $20bn loans to Dubai 17 Mar 2014 - 05:05 am

DUBAI: Oil-rich Abu Dhabi and the UAE central bank agreed yesterday to roll over $20bn in loans to neighbouring debt-laden Dubai after it...

Aldermore, Jimmy Choo plan stock listings 17 Mar 2014 - 05:04 am

LONDON: The private equity owner of new British bank Aldermore has hired Credit Suisse and Deutsche Bank to prepare it for a listing...

Nikon is under lens for selling defective units 17 Mar 2014 - 05:04 am

SHANGHAI: Japan’s Nikon Corp has moved to allay consumer fears in China after being criticised on a closely watched consumer show that said...

ECB on defensive over rates status quo 17 Mar 2014 - 05:04 am

FRANKFURT: The European Central Bank appears to be increasingly on the defensive, stepping up efforts this week to counter criticism of complacency after...

Recovery is incomplete: Osborne 17 Mar 2014 - 05:03 am

LONDON: British Finance Minister George Osborne warned yesterday that Britain’s economic recovery was on course but far from completion as he prepared to...

Weekly Commodity Update: Gold rises on Ukraine but copper and oil fall on China concerns 17 Mar 2014 - 05:00 am

By Ole Hansen (Head of Commodity Strategy, Saxo Bank) Commodities suffered its first reversal in six weeks as concerns over Chinese economic growth...

Qatar to launch $65bn worth projects 17 Mar 2014 - 04:12 am

H E Abdullah bin Hamad Al Attiyah delivering the opening address at the seminar yesterday. From Left: Ali Abdullah Al Abdullah, Motoi Sasaki,...

Fiat Chrysler aims for NYSE listing in Oct 16 Mar 2014 - 08:56 am

Chrysler Group Chairman and CEO Marchionne (left) with United Auto Workers Union President King in Michigan. DETROIT: Fiat Chrysler Automobiles aims to list...

‘Policy decisions are best made early’ 16 Mar 2014 - 08:54 am

Stanley Fischer (left) before the Senate Banking Committee. PALO ALTO: Stanley Fischer, US President Barack Obama’s pick for the No. 2 job at...

US for big role in Qatar’s development 16 Mar 2014 - 08:48 am

Sheikh Dr Khalid bin Thani Al Thani (left) and Sheikh Faisal bin Qassim Al Thani (centre) with Penny Pritzker (second from right). RIGHT:...

SAS posts $17.5m loss 16 Mar 2014 - 08:47 am

SAS CEO Rickard Gustafson at the airline company’s headquarters in Stockholm. The Scandinavian airline reported a first-quarter net loss of $17.5m, citing lower...

GM hit with lawsuit over recall 16 Mar 2014 - 08:46 am

General Motors Co’s new chief executive Mary Barra. NEW YORK: General Motors was hit with what appeared to be the first lawsuit related...

Alibaba looks for US listing 16 Mar 2014 - 08:45 am

HONG KONG: China’s e-commerce giant Alibaba Group Holding Ltd is planning a US IPO in the third quarter of this year, people familiar...

The new six-seater 16 Mar 2014 - 08:44 am

Patrick Daher, CEO of Daher, a French equipment and services suppliers poses in front of a Daher-Socata’s six-seat business single-engined airplane, the TBM...

After the strongest tech listing in 2014 16 Mar 2014 - 08:42 am

Castlight Health Inc CEO Giovanni Colella kisses his child following his company’s IPO on the floor of the New York Stock Exchange. Shares...

Emaar plans mega $2.45bn listing of shopping mall unit 16 Mar 2014 - 08:40 am

DUBAI: Dubai’s Emaar Properties said it would sell up to 25 percent of its shopping mall and retailing unit in a public offer...

Ruias go ahead with 70 pence share offer for Essar Energy 16 Mar 2014 - 08:39 am

London: India’s billionaire Ruia family stuck to the 70 pence per share it indicated earlier for buying out the minorities in its London-listed...

US to shed control of Internet addresses 16 Mar 2014 - 08:39 am

WASHINGTON: The US government announced it was giving up its key role overseeing the Internet’s technical operations, handing over those functions to “the...