Business

Sensex gains 338 points; rupee snaps two-day fall 25 Jun 2014 - 01:11 am

Caption Mumbai: Snapping a four-day losing streak, a benchmark index of the Indian stock markets closed yesterday’s trade 337.58 points or 1.35 percent...

Abe unveils plan to boost growth 25 Jun 2014 - 01:10 am

TOKYO: Prime Minister Shinzo Abe unveiled a package of measures yesterday aimed at boosting Japan’s long-term economic growth, from phased-in corporate tax cuts...

Adidas World Cup sales to hit €2bn 25 Jun 2014 - 01:02 am

People walk through the headquarters of Adidas in Herzogenaurach, near Nuremberg yesterday. German sportswear firm expects to meet its target for €2bn euros...

Qatar Airways Cargo gets new Boeing 777 25 Jun 2014 - 01:02 am

Doha: Qatar Airways Cargo recently took delivery of its sixth Boeing 777 freighter. “The delivery of our sixth Boeing 777 freighter is a...

India’s power sector losses seen at $27bn by World Bank 25 Jun 2014 - 12:59 am

NEW DELHI: Annual losses in India’s dysfunctional power sector are forecast to rise to $27bn in 2017 unless the government enacts sweeping reforms...

Al Bidda Switchgear to start in August 25 Jun 2014 - 12:58 am

DOHA: Al Bidda Switchgear, a new electrical product manufacturing facility located in Industrial Area, with an installed capacity to produce up to 30,000...

BoE eyes mortgage curbs to tackle house price 25 Jun 2014 - 12:57 am

LONDON: The Bank of England looks set to take tougher action on Thursday than expected just weeks ago to rein in fast-rising British...

SYZ opens representative office in Dubai 25 Jun 2014 - 12:57 am

Doha: Banque SYZ & CO has announced the opening of a representative office in Dubai. The new office will be aimed at a...

New cut in EU phone roaming charges 25 Jun 2014 - 12:37 am

BRUSSELS: Roaming charges for EU mobile phone users will reduce further on July 1, including a 55 percent price cut for data downloads,...

IMF team in Kiev for bailout update 25 Jun 2014 - 12:36 am

KIEV: An International Monetary Fund mission is in Kiev yesterday to check on Ukraine’s progress in implementing tough conditions for a $17bn bailout,...

Russia to set own barriers in EU pact 25 Jun 2014 - 12:36 am

MOSCOW: With Ukraine set to sign a free trade pact with the European Union on Friday, Russia has said it is likely to...

EU for financial industry tax to fund watchdogs 25 Jun 2014 - 12:36 am

LONDON: The European Union’s markets, banking and insurance watchdogs could be funded by a levy on the organisations they supervise, in an attempt...

Etsy buys French handmade goods online emporium 25 Jun 2014 - 12:35 am

SAN FRANCISCO: Online marketplace Etsy yesterday announced it has acquired an online emporium for handmade goods in France. Etsy did not disclose how...

Fed not involved in India-Iran deal: US 25 Jun 2014 - 12:35 am

Washington: The US Federal Reserve is not involved in clearing payments made by India to Iran to pay some of its dues for...

Platinum firms, union sign wage deal in S Africa 25 Jun 2014 - 12:34 am

JOHANNESBURG: The world’s three biggest platinum firms signed a wage deal with South Africa’s AMCU union yesterday but said that fallout from a...

Qatar Exchange down 0.91pc; Dubai plunges 25 Jun 2014 - 12:28 am

Doha: Qatar Exchange ended in the red yesterday when trading closed at 12,323.45 points down 112.60 points or 0.91 percent from the previous...

Asian indexes mostly higher, reverse losses 25 Jun 2014 - 12:28 am

HONG KONG: Asian shares were mostly higher yesterday, with most markets reversing morning losses while the more positive mood in equities supported the...

Advisory Council for commercial registration of firms same day 24 Jun 2014 - 10:09 am

DOHA: The Advisory Council has asked the government to take up for consideration applications for commercial registration (CR) of a company on the...