Business

India’s quarterly growth slows to 5.3pc 01 Dec 2012 - 01:02 am

NEW DELHI: India’s economic growth eased to 5.3 percent in the July-September quarter, extending a slowdown since the start of the year, data...

France-ArcelorMittal showdown looms 01 Dec 2012 - 01:02 am

PARIS: A mammoth battle of brinkmanship could leave the world’s top world steelmaker ArcelorMittal hobbled and damage France’s business climate if the government...

Africa’s first budget airline takes to skies 01 Dec 2012 - 01:01 am

LONDON: The world’s first pan-African low-cost carrier Fastjet enjoyed keen demand on its first day of commercial operations, it said in a statement...

Bharti Infratel plans $845m IPO 01 Dec 2012 - 01:01 am

NEW DELHI: Bharti Infratel, the telecom tower arm of India’s leading mobile phone company Bharti Airtel, announced plans yesterday to raise up to...

Samsung unveils Net-connected camera 30 Nov 2012 - 05:29 am

SEOUL: South Korean consumer electronics giant Samsung Electronics Co is taking aim at its Japanese rivals with an Android-powered digital camera that allows...

Opec oil output falls in November, says survey 30 Nov 2012 - 05:28 am

LONDON: Opec crude oil output has declined in November to its lowest since January because of disruptions to Nigerian output and reduced supplies...

Inventories boost US economic growth 30 Nov 2012 - 05:27 am

WASHINGTON: The US economy grew faster than initially thought in the third quarter as restocking by businesses provided a big boost, but consumer...

Telenor expects financial break-even in India next year 30 Nov 2012 - 05:27 am

NEW DELHI: Norway’s state-run telecom giant Telenor said yesterday that it expects to achieve financial break-even on its mobile operations in India by...

Japan cellphone for beauty-conscious 30 Nov 2012 - 05:27 am

TOKYO: A mobile phone that monitors the user’s skin condition, checking for blemishes and colour, was unveiled in beauty-conscious Japan yesterday. The “Hada...

New UAE company law unlikely this year, says official 30 Nov 2012 - 05:26 am

ABU DHABI: A long-awaited law to allow further foreign ownership of companies in the United Arab Emirates (UAE) is unlikely to be passed...

Qatari bourse index down 34.75 points 30 Nov 2012 - 05:21 am

People walk past the Bombay Stock Exchange (BSE) building in Mumbai yesterday. Doha: Qatar Exchange index was down 34.75 points or 0.41 percent...

World air traffic gloom deepens further: IATA 30 Nov 2012 - 05:20 am

GENEVA: The effects of Superstorm Sandy which devastated parts of the Northeastern US and the Caribbean last month are deepening an already dire...

Over 2.9 million jobless in Germany 30 Nov 2012 - 05:20 am

FRANKFURT: German unemployment rose in November, data showed yesterday, amid signs that Europe’s top economy is increasingly feeling the pinch from the debt...

Russia risks petrol crunch next year 30 Nov 2012 - 05:19 am

MOSCOW: Top oil producer Russia risks petrol shortages next year as its refineries fail to keep up with tighter emission standards, which could...

Ford seeks to increase India market share 30 Nov 2012 - 05:18 am

NEW DELHI: US car giant Ford said yesterday that it aims to roll out eight new cars in India by mid-decade as it...

China trade fair 29 Nov 2012 - 12:56 am

Visitors look at construction machinery at the China 2012 International Trade Fair for Construction Machinery, Building Material Machines, Construction Vehicles and Equipment at...

Banks in Gulf raise capital to fund expansion 29 Nov 2012 - 12:56 am

DUBAI: As banks in much of the rest of the world struggle to shore up balance sheets ravaged by weak economies, banks in...

Barwa Bank’s equity fund attracts buyers 29 Nov 2012 - 12:54 am

Doha: Barwa Bank, Qatar’s fastest growing Shari’ah compliant banking service provider, has successfully launched its first equity fund, “The First Investor GCC Equity...