Business

Hyundai America operations CEO steps down 30 Dec 2013 - 09:56 am

New York: John Krafcik, the president and CEO of Hyundai Motor America, is stepping down next week after five years at the helm,...

Nasdaq to compensate firms on botched IPO 30 Dec 2013 - 09:56 am

NEW YORK: Nasdaq OMX Group Inc will compensate firms on December 31 for qualifying claims related to Facebook Inc’s botched May 2012 initial...

Ma’aden restarts aluminium plant production line 30 Dec 2013 - 09:55 am

Al KHOBAR: Saudi Arabian Mining Company (Ma’aden) has restarted one of the two potlines at its new aluminium smelter in Saudi Arabia, the...

Lack of clients dooms many Cuban firms 30 Dec 2013 - 09:55 am

HAVANA: The dented metal pizza trays are packed away, so too the old blender that never worked when it was needed. Gone is...

Italy delays Internet tax until July, okays funds for business, welfare 30 Dec 2013 - 09:55 am

ROME: Italy delayed the start of its planned Internet tax until July 2014, approved billions of euros in business and welfare measures and...

Mitsubishi evaluating US turbine plant 30 Dec 2013 - 09:54 am

FORT SMITH: Mitsubishi is evaluating its completed but unopened $100m wind turbine factory in Fort Smith now that the company has settled a...

British bond yields at highest since 2011 as economic outlook improves 30 Dec 2013 - 09:54 am

LONDON: British government bonds tumbled on Friday, pushing yields to their highest level since mid-2011 as a brighter economic outlook encouraged investors into...

Weekly Money Market Review with IBQ: Thin trading triggers high volatility in forex markets 30 Dec 2013 - 09:52 am

The holiday season quietness continued as most of the major global markets were off duty most of last week due to the Christmas...

Weekly Commodity Update: Will growth bring a strong January for commodities once again? 30 Dec 2013 - 09:52 am

By Ole Hansen (Head of Commodity Strategy, Saxo Bank) Thin holiday markets have yielded a surprise strong performance by the metal sector, not...

Bait Al Mashura, World Bank sign agreement 30 Dec 2013 - 05:10 am

Officials during the signing ceremony. DOHA: Bait Al Mashura Finance Consultations has signed an agreement with the World Bank in order to reinforce...

Latvia to adopt euro on January 1 29 Dec 2013 - 10:01 am

Linda Grabouska shows a euro starter pack, containing a mixture of euro coins, she picked up with her daughter Jasmina at the Marupe...

Small jet makers see big chance as China prepares to open skies 29 Dec 2013 - 09:59 am

People attend the Shanghai International Business Aviation Show at the Hongqiao International Airport in Shanghai. BEIJING: Ferraris and Rolls-Royces have become common sights...

Tunisia raises interest rate 29 Dec 2013 - 09:57 am

Men talk as they stand outside the Central Bank in Tunis. Tunisia’s central bank raised its benchmark interest rate to 4.5 percent from...

Shopping spree in London 29 Dec 2013 - 09:56 am

Shoppers pass a sale sign on Oxford Street in central London yesterday.

End of trading celebration 29 Dec 2013 - 09:54 am

Traders celebrating on the last day of trading in front of a giant electronic board at the Philippine Stock Exchange in Manila.

Counterfeit Hong Kong dollar 29 Dec 2013 - 09:53 am

An authentic HK$1,000 banknote sample is displayed above a counterfeit note under ultraviolet light during a joint news conference held by Hong Kong...

Lego bull at Frankfurt bourse 29 Dec 2013 - 09:53 am

A giant bull made from Lego blocks on the trading floor of the stock exchange in Frankfurt Main, Germany. The new mascot of...

FLSmidth wins Al Khalij Cement deal 29 Dec 2013 - 09:50 am

By Satish Kanady DOHA: Global Company FLSmidth has received an order worth DKK515m for Qatari cement producer Al Khalij Cement covering supply of...