Business

Keeping it in the family pays 23 Sep 2012 - 09:59 am

By Mike Dolan With all the booms, busts, policy fixes and financial turbulence of recent years, investors would have done well to keep...

How to lose weight fast the Deutsche Bank way 23 Sep 2012 - 09:59 am

By Jonathan Weil Imagine if I told you I could reduce my own body weight by 80 percent or more, on paper, through...

East Africa risks missing liquefied natural gas boom 23 Sep 2012 - 09:56 am

By Agnieszka Flak Bad timing may defeat East Africa’s plan to become a major liquefied natural gas exporter if plants are delayed and...

iPhone 5 rollout draws big crowds worldwide 22 Sep 2012 - 04:56 am

NEW YORK: Apple fans queued in Asia, Europe and North America yesterday for the new iPhone 5, which appeared set to break sales...

Maersk Oil, QP in talks to extend Al Shaheen contract 22 Sep 2012 - 04:55 am

DOHA/SINGAPORE: Denmark’s Maersk Oil is in talks with Qatar Petroleum to extend a production sharing contract for the offshore Al Shaheen oilfield by...

WTO slashes 2012 global trade growth outlook 22 Sep 2012 - 04:55 am

SINGAPORE: The World Trade Organisation (WTO) yesterday slashed its 2012 global trade outlook, citing the eurozone debt crisis and weak growth in the...

British budget deficit swells to August record 22 Sep 2012 - 04:55 am

LONDON: Britain’s budget deficit widened to the biggest on record for any August, data showed yesterday, a day after the central bank governor...

RIM restores service after BlackBerry outage 22 Sep 2012 - 04:54 am

TORONTO/LONDON: Research In Motion Ltd said it had restored service to all BlackBerry users affected by a service outage in Europe yesterday. The...

European stock markets rise 22 Sep 2012 - 04:52 am

LONDON: Europe’s main stock markets mostly rose yesterday on mounting speculation over a potential new international bailout deal for debt-ridden Spain, dealers said....

Xstrata puts off response to Glencore merger bid 22 Sep 2012 - 04:51 am

ZURICH: Swiss mining group Xstrata said yesterday that it would put off responding to a sweetened merger bid from commodities giant Glencore until...

Gold price hits new record 22 Sep 2012 - 04:51 am

LONDON: Gold prices rose 1 percent yesterday to six-and-a-half month highs as expectations that central bank measures to stimulate growth would boost liquidity,...

India unveils more reforms; stocks surge 22 Sep 2012 - 04:51 am

NEW DELHI: India moved yesterday to encourage investors to put more money in the stock market and spur companies to borrow cheaply abroad...

Brent crude tops $111 a barrel 22 Sep 2012 - 04:50 am

NEW YORK: Oil rose for a second straight session yesterday as supply concerns and economic optimism fuelled a rebound from a 7 percent...

Facebook switches off facial-recognition tool 22 Sep 2012 - 04:49 am

LONDON: Facebook said yesterday that it had switched off the facial-recognition tool that prompts users to “tag” photographs uploaded to its website following...