Business

War nostalgia no cure for Vietnam economy woes 24 Dec 2012 - 10:05 am

HANOI: Posters of US bombers crashing in flames festoon Hanoi to mark another anniversary in a long-finished war. But behind the usual propaganda...

Obama calls for scaled-back ‘fiscal cliff’ package 23 Dec 2012 - 07:11 am

US President Barack Obama speaks about the ‘fiscal cliff’ in the briefing room of the White House in Washington. WASHINGTON: Democrat and Republican...

GECF plans financial institution 23 Dec 2012 - 07:09 am

DOHA: The ensuing second summit of Gas Exporting Countries Forum (GECF) in Russia will discuss the launch of a financial institution to exclusively...

EC to give Spain, France more time to cut deficit: Report 23 Dec 2012 - 07:08 am

MADRID: The European Commission (EC) will propose giving Spain, France and several other eurozone states more time to cut their public deficits below...

Judge clears BP’s $7.8bn settlement in US oil spill 23 Dec 2012 - 07:08 am

WASHINGTON: British oil giant BP won approval from a US federal judge of a $7.8bn settlement with people and businesses who lost money...

EU progress on banking, fiscal union slow 23 Dec 2012 - 07:07 am

Doha: A meeting of European finance ministers on December 13 yielded agreement on an initial step towards a centralised banking union and approved...

Mannai, Microsoft and Qtel offer Cloud service for SMEs 23 Dec 2012 - 07:06 am

Main speakers at the event from left: Sanjay Modak (Mannai), Adel Ali Al Malki (QNB), Moni George (Mannai), Mohammad Afaneh (Microsoft) and Kamran...

Pearl GTL wins innovative gas project award 23 Dec 2012 - 07:04 am

DOHA: The Pearl GTL plant has won the Most Innovative Gas Project of the year 2012. The second Oil and Gas Middle East...

San Bernardino wins first round in bankruptcy battle 23 Dec 2012 - 07:04 am

RIVERSIDE, California: A US bankruptcy judge derailed efforts by California’s giant pension fund to get paid before other creditors in the city of...

Dish seeks more time to fight Sprint’s Softbank, Clearwire deals 23 Dec 2012 - 07:03 am

NEW YORK: Dish Network (DISH) has asked the US telecom regulator for more time to file an objection to wireless service provider Sprint...

China shows off world’s longest high-speed rail 23 Dec 2012 - 07:02 am

Attendants inside a high-speed train during an organised experience trip from Beijing to Zhengzhou, as part of a new rail line, yesterday. BEIJING:...

NYSE takeover by ICE to create derivatives giant 23 Dec 2012 - 07:02 am

LONDON/NEW YORK: Intercontinental Exchange Inc (ICE) agreed as part of its $8.2bn takeover of NYSE Euronext (NYX) to pay the New York Stock...

Walgreen profit sinks nearly 26pc 23 Dec 2012 - 07:01 am

New York: Walgreen’s fiscal first-quarter earnings sank nearly 26 percent as costs tied to a couple big deals and Superstorm Sandy helped put...

Iraq to withhold payments for Kurdish oil 23 Dec 2012 - 07:00 am

BAGHDAD: Iraq will not pay oil companies operating in Kurdistan because the autonomous region has failed to export the volume of crude it...

Bertone Nuccio concept car 22 Dec 2012 - 12:20 am

A view of Bertone Nuccio concept car by the Italian design house Bertone during the Exclusive Cars Tramo Exhibition taking place in Madrid...

BAE wins $4.1bn Oman jet deal 22 Dec 2012 - 12:19 am

LONDON: British defence giant BAE Systems announced yesterday a £2.5bn ($4.1bn) deal to supply 12 Eurofighter Typhoon fighter aircraft and eight Hawk trainer...

UK third quarter growth revised down to 0.9pc 22 Dec 2012 - 12:16 am

LONDON: Britain’s economy grew by a worse-than-expected 0.9 percent in the third quarter, downwardly-revised data showed yesterday, sparking fresh speculation over a possible...

Gazprom to buy Kyrgyz gas operator for $1 22 Dec 2012 - 12:16 am

BISHKEK, Kyrgyzstan: Russia’s gas giant Gazprom is taking a controlling stake in Kyrgyzstan’s debt-ridden state gas company for one dollar, Kyrgyzgaz said yesterday....