Business

Stiff resistance to oil drilling plans in Ibiza 05 Apr 2014 - 12:41 am

MADRID: Plans to drill for oil off the Spanish holiday island of Ibiza have met with fierce opposition from locals who fear the...

Biocon rejects Novartis patent accusations 05 Apr 2014 - 12:41 am

NEW DELHI: Leading Indian drug company Biocon yesterday rejected allegations by Novartis that it infringed on the Swiss pharmaceutical giant’s patent for its...

Matomy’s London listing fails 05 Apr 2014 - 12:41 am

JERUSALEM: Plans by Israel’s Matomy Media Group to list on the London Stock Exchange failed when it could not raise enough money from...

British car sales rally to highest in a decade 05 Apr 2014 - 12:40 am

LONDON: New car sales in Britain rallied in March to the highest total for a decade, industry data showed yesterday. Sales jumped 17.7...

European stocks get ECB boost 04 Apr 2014 - 05:38 am

Traders work on the floor of the New York Stock Exchange yesterday. LONDON: Europe’s main stock markets got a boost yesterday as the...

Amazon Fire TV 04 Apr 2014 - 05:37 am

Caption Amazon’s Vice-President of Kindle, Peter Larsen, displays the Amazon Fire TV during a news conference in New York. Amazon.com Inc unveiled a...

Nokia Lumia 930 04 Apr 2014 - 05:37 am

Stephen Elop, Vice-President of Nokia, gestures while introducing the Nokia Lumia 930 mobile phone during Microsoft’s “build” conference in San Francisco, California.

Russia increases gas prices for Ukraine by 80pc 04 Apr 2014 - 05:35 am

MOSCOW/KIEV: Russia increased the gas price for Ukraine for the second time in just three days to push prices up by 80 percent,...

World food prices jump 04 Apr 2014 - 05:35 am

ROME: Global food prices rose to their highest in almost a year in March, led by unfavourable weather for crops and political tensions...

Qatar Exchange up 0.37 percent 04 Apr 2014 - 05:35 am

Doha: Qatar Exchange pursued its upswing trend yesterday adding 43.92 points (0.37 percent) to advance to 11,983.87 points from 11,939.95 on Wednesday. Among...

New Syria airline plans first flights in mid-May 04 Apr 2014 - 05:35 am

DAMASCUS: A new Syrian commercial airline plans to start operating to several Arab cities next month, its chairman said yesterday, despite the conflict...

Kuwaiti family exploring sale of Americana 04 Apr 2014 - 05:34 am

LONDON: Kuwait’s billionaire Al Kharafi family is looking to sell Americana, one of the Middle East’s largest food companies, and has hired bankers...

US trade deficit widens to $42.3bn in Feb 04 Apr 2014 - 05:34 am

WASHINGTON: The US trade deficit unexpectedly widened in February as exports hit a five-month low, suggesting first-quarter growth could be much weaker than...

Greece plans bond market comeback 04 Apr 2014 - 05:34 am

LONDON: Greece is planning to return to the international bond market this month, four years after it became the first eurozone country to...

UK to probe $250bn credit card market 04 Apr 2014 - 05:33 am

LONDON: Britain’s financial watchdog will investigate the £150bn ($250bn) credit card market to assess if “survival borrowers” who find it difficult to repay...

Qatar Cool’s third plant to be operational by ’16 04 Apr 2014 - 04:48 am

Wael Ayoub, Business Development Manager, showing the control room of Qatar Cool during a media tour yesterday. Nahar S Al Mutawah, VP-Operation and...

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...