Business

Argentina’s YPF, Bridas sign $1.5bn shale deal 30 Dec 2012 - 01:05 am

BUENOS AIRES: State energy company YPF has signed a preliminary agreement with Bridas Corp. for the development of Argentina’s vast nonconventional oil and...

China firm to acquire major African iron ore mine 30 Dec 2012 - 01:05 am

BEIJING: China’s Hanlong Group intends to take over Australian mining company Sundance early next year and gain control over a key supply of...

US judge approves Toyota’s $1.1bn acceleration deal 30 Dec 2012 - 01:03 am

SAN FRANCISCO: A US judge granted preliminary approval yesterday to Toyota Motor Corp’s $1.1bn settlement of a class-action lawsuit brought by consumers who...

Stocks slip as US battles ‘cliff’ 29 Dec 2012 - 04:42 am

Workers sweep the floor in front of the final stock price index after the ceremonial closing event of the 2012 stock market during...

Japanese data shows more economic gloom 29 Dec 2012 - 04:42 am

TOKYO: Japanese factories slowed in November, spelling out the daunting task that lies ahead for the new conservative government in reviving the world’s...

French shipyard lands billion euro luxury liner deal 29 Dec 2012 - 04:42 am

SAINT-NAZAIRE, France: Officials hailed some rare good news for France’s struggling economy yesterday after an ailing shipyard landed a billion-euro contract to build...

Portugal deficit narrows, still above 2012 goal 29 Dec 2012 - 04:41 am

LISBON: Portugal’s budget deficit narrowed to 5.6 percent of GDP in the first nine months of 2012 from 6.7 percent a year earlier,...

South Korea nominates trade minister for top WTO job 29 Dec 2012 - 04:41 am

GENEVA: South Korea nominated Taeho Bark, its trade minister, to lead the World Trade Organisation yesterday, making him the eighth candidate to be...

Spain sees ‘very tough’ economy 29 Dec 2012 - 04:38 am

A woman checks the contents of a bag of donated toys after receiving it during a distribution of toys for low income families...

Aramco finalises Jan-June term deal with one buyer 29 Dec 2012 - 04:37 am

SINGAPORE: The new trading arm of state-run Saudi Aramco has finalised a January to June 2013 term contract to sell jet fuel with...

Lonmin seeks new CEO to revive fortunes 29 Dec 2012 - 04:37 am

LONDON: South African miner Lonmin opened the search for a new chief executive to revive its fortunes after a torrid 2012 as Ian...

INSEE revises down French Q3 growth to just 0.1 percent 29 Dec 2012 - 04:36 am

PARIS: The French national statistics agency INSEE yesterday revised downward its figure for the country’s third quarter economic growth from 0.2 percent to...

Indonesian court fines Asian Agri for tax evasion 29 Dec 2012 - 04:35 am

JAKARTA: Indonesia’s Supreme Court ordered a major palm oil company to pay more than $390m to the state for tax evasion, a judge...

European stock markets rise 28 Dec 2012 - 04:28 am

A passer-by watching Tokyo stock average closing information on a display at a securities office in Tokyo yesterday, after Liberal Democratic Party’s president...

Indonesia economy 28 Dec 2012 - 04:19 am

High-rise buildings seen in Jakarta yesterday. According to projections by the World Bank, Indonesia’s major trading partners are estimated to grow by 3.3...

Qatari bourse index down 0.19 percent 28 Dec 2012 - 04:19 am

Doha: Qatar Exchange index was down 16.16 points or 0.19 percent to 8,311.22 points yesterday from the previous closing of 8,327.38 points. Among...

QSA announces five-year strategy 28 Dec 2012 - 04:18 am

DOHA: Qatar Statistics Authority (QSA) has announced a five-year national strategy for the further enhance its capabilities in statistics development, covering a period...

Brent eases 28 Dec 2012 - 04:18 am

NEW YORK: Oil prices eased in choppy trading yesterday as unresolved US budget talks left open the possibility that looming mandated tax hikes...