Business / World Business

AT&T helped NSA in Internet spying 17 Aug 2015 - 12:00 am

A man walks past the AT&T store in New York’s Times Square. WASHINGTON: Telecommunications powerhouse AT&T Inc has provided extensive assistance to the...

Merkel expects IMF to take part in Greek bailout 17 Aug 2015 - 12:00 am

German Chancellor Angela Merkel (left) posing for a photo before the recording of the “Summer Interview” with ZDF’s Bettina Schausten in their studio...

India taps private sector for two state bank bosses 16 Aug 2015 - 12:00 am

India’s Finance Minister Arun Jaitley (left) gestures as Junior Finance Minister Jayant Sinha watches during a news conference in New Delhi. NEW DELHI:...

Economic recovery losing steam in Italy 16 Aug 2015 - 12:00 am

Italian Prime Minister Matteo Renzi at Chigi Palace in Rome. ROME: Italian Prime Minister Matteo Renzi’s mounting problems were compounded on Friday when...

GE likely to win EU nod for Alstom deal 16 Aug 2015 - 12:00 am

BRUSSELS: General Electric is expected to secure EU approval for its proposed €12.4bn ($14bn) bid for French peer Alstom’s power business, its largest...

China gold holdings up in July in 2nd monthly update 15 Aug 2015 - 01:44 pm

BY JUDY HUA AND MANOLO SERAPIO JR BEIJING/MANILA: China's gold reserves rose by nearly 19 tonnes in July from June, the central bank...

Germany's Schaeuble says scope for Greek debt relief limited 15 Aug 2015 - 01:25 pm

German Finance Minister Wolfgang Schaeuble. BERLIN: German Finance Minister Wolfgang Schaeuble said in an interview with Deutsche Welle published on Saturday that there...

Cebu Pacific net profit soars 63pc in first half 15 Aug 2015 - 12:00 am

A Cebu Pacific jet takes off from Manila airport. Manila: Cebu Pacific saw its half-year net profit soar 63 percent as low fuel...

Petronas Q2 profit down 47pc 15 Aug 2015 - 12:00 am

Malaysia’s Petronas Twin Towers are seen through windows of an abandoned house in Kuala Lumpur yesterday. Kuala Lumpur: Malaysian state energy firm Petronas...

Greece close to sealing loan deal 15 Aug 2015 - 12:00 am

Greece’s Finance Minister Euclid Tsakalotos (bottom) and French Finance Minister Michel Sapin attend an extraordinary Eurogroup meeting on Greece at the European Council...

Solid U.S. retail sales bolster Fed rate hike expectations 14 Aug 2015 - 12:00 am

A group of Chevrolet Camaro cars for sale is pictured at a car dealership in Los Angeles, California April 1, 2014. WASHINGTON: U.S....

India prepares to pay Iran $1.4 bn in oil dues 14 Aug 2015 - 12:00 am

NEW DELHI: Indian refiners have been told to prepare to pay Iran $1.4 billion in oil dues, two sources with knowledge of the...

India’s states go it alone to woo investment 14 Aug 2015 - 12:00 am

Employees walk to enter the General Motors plant in Talegaon, on the outskirts of Pune. MUMBAI/NEW DELHI: It took two months of courting,...

China halts regular intervention, PBOC will manage yuan volatility 14 Aug 2015 - 12:00 am

Pedestrians walk past a yuan and a US dollar currency sign in Hong Kong yesterday. BEIJING/SHANGHAI: China’s central bank said yesterday that it...

Samsung unveils high-end phones 14 Aug 2015 - 12:00 am

JK Shin, President and CEO of Samsung Electronics, speaks during a Samsung event yesterday in New York. NEW YORK/SEOUL: Samsung Electronics Co Ltd...

China central bank tries to soothe global markets, says no reason for yuan to fall further 13 Aug 2015 - 02:29 pm

A customer holds Chinese Yuan notes as she pays for pork at a market in Beijing, August 12, 2015. BEIJING/SHANGHAI: China's central bank...

China weakens yuan for third day but reassures markets 13 Aug 2015 - 02:20 pm

SHANGHAI: China weakened its currency for the third consecutive day Thursday, but financial markets that had been shaken by the surprise devaluation took...