Business

Twitter move likely to spark IPO flurry 10 Nov 2013 - 07:00 am

SAN FRANCISCO: For technology executives weighing market flotations for Silicon Valley startups, this week’s gangbusters Twitter Inc initial public offering sent a powerful...

Kuwait expects Opec to keep output target 10 Nov 2013 - 07:00 am

NEW DELHI: Kuwait’s oil minister said yesterday he expected Opec to keep its crude oil output target unchanged at its next meeting. Kuwait...

Cuba reforms in food production, distribution 10 Nov 2013 - 06:59 am

Farmers ride their oxen-pulled cart on the outskirts of Havana. Cuba rolled out a master plan this week to reform food production and...

Indian Hotels abandons $1.2bn Orient-Express bid 10 Nov 2013 - 06:58 am

NEW DELHI: Indian Hotels, an arm of the giant Tata Group, has abandoned a $1.2bn offer to buy Orient-Express Hotels, marking its second...

Nissan to make mini-vehicles on its own 10 Nov 2013 - 06:56 am

TOKYO: Nissan Motor will start producing mini-vehicles, a special category of small cars in Japan, as early as next year in a bid...

Barzan project’s topside modules installed 10 Nov 2013 - 02:45 am

A topside module is being lifted to its jacket. Doha: RasGas Company Limited (RasGas) announced that the $10.3bn Barzan Gas Project’s four offshore...

S&P lowers France credit rating to AA 09 Nov 2013 - 06:16 am

A businessman is silhouetted as he stands under the Arche de la Defense, in the financial district west of Paris. Standard & Poor’s...

US consumer spending rises 09 Nov 2013 - 06:15 am

Inta Krueger shops for a refrigerator at a Sears store in Schaumburg, Illinois, near Chicago. US consumer spending increased modestly in September as...

Boeing warns Seattle could lose 777X if deal rejected 09 Nov 2013 - 06:14 am

New York: Boeing Co said yesterday it was ready to re-examine alternative sites for its newest jet if assembly workers and local politicians...

German trade surplus hits new record 09 Nov 2013 - 06:14 am

FRANKFURT: Germany s ballooning trade surplus, increasingly a source of friction with some of its European partners, hit a new record in September,...

Saudi group to invest in French poultry firm Doux 09 Nov 2013 - 06:14 am

RENNES, France: Troubled French poultry group Doux is close to signing a rescue deal whereby its main client, Saudi food distributor Almunajem, will...

ECB wants norms to wind up failed banks early 09 Nov 2013 - 06:13 am

FRANKFURT: The European Central Bank yesterday called for Europe-wide rules for winding up failed banks to be drawn up before it takes over...

Thai solar power push 09 Nov 2013 - 06:12 am

Two employees of SPCG, Thailand’s largest solar farm producer, walk between panels at the farm in Korat, Nakorn Ratchasima province. Riding on generous...

China’s October exports rise by 5.6 percent 09 Nov 2013 - 06:12 am

BEIJING: Chinese exports grew faster than expected in October, data showed yesterday, adding to signs the economy is picking up though analysts cautioned...

Tata Motors profit soars 71pc 09 Nov 2013 - 06:11 am

NEW DELHI: India s Tata Motors said yesterday its quarterly net profit surged by a surprise 71 percent as a robust performance by...

Pakistan should rebuild forex reserves: IMF 09 Nov 2013 - 06:11 am

ISLAMABAD: The International Monetary Fund said yesterday that Pakistan was broadly on track with reforms tied to a $6.7bn loan package, but warned...

Saudi throttles back from record high oil output 09 Nov 2013 - 06:10 am

Al KHOBAR: Opec heavyweight Saudi Arabia has cut back oil output that had held at record rates of around 10 million barrels a...

Opec hints at losing market share to shale boom, rivals 08 Nov 2013 - 07:04 am

An Opec flag is seen during the presentation of Opec’s 2013 World Oil Outlook in Vienna yesterday. LONDON/VIENNA: Opec could lose almost 8...