World Business
A business, also known as an enterprise or a firm, is an organization involved in the trade of goods, services, or both to consumers.
Middle East airlines traffic grows by 13% in 2014
DOHA: Middle East carriers had the strongest annual traffic growth at 13% during 2014, more than double the global average,...
Bank of Italy: Economy to expand by more than 0.5pc this year
MILAN: Ignazio Visco, Bank of Italy Governor said the Italian economy is expected to grow more than previously forecast this year and the...
Australian billionaire Gina Rinehart sells 14.99pc stake in Fairfax Media
SYDNEY: Australian mining billionaire Gina Rinehart, the country's richest person, said she has sold her stake of nearly 15...
MTN names ‘Suren Sooklal’ as new group chief business risk officer
JOHANNESBURG: MTN Africa’s largest mobile network has appointed Suren Sooklal as new Group Chief Business Risk Officer, President and CEO,...
National Australia Bank shares rise to 7-year high, earnings touch A$1.65 billion in 3 months
MELBOURNE: The National Australia Bank Limited (NAB) shares rose to a seven year high after the lender posted a 6...
Brent falls below $56 after US crude inventories jump to record high
LONDON: Oil extended losses to fall under $56 per barrel, reversing a four session rally after US crude inventories jumped...
South Africa: Govt needs 100 billion rand to neutralize coal losses
JOHANNESBURG: Ngoako Ramatlhodi, the mining minister, has said that the South African coal industry needs to invest at least 100...
Barack Obama proposes new tax on financial firms with more than $50 billion assets
WASHINGTON: The President Barack Obama proposed a broad new tax on financial firms with more than $50 billion in assets, a...
Great Western Bancorp, Inc. announces net income of $26.7m, or $0.46 per share
Sioux Falls, SD: Great Western Bancorp, Inc. announced net income of $26.7 million, or $0.46 per share, for the quarter...
Hudson City Bancorp, Inc. announces quarterly net income of $39.1m against $45.8 million
Paramus, New Jersey: Hudson City Bancorp, Inc. announced net income of $39.1 million for the quarter ended December 31, 2014...
Individual investors enhance assets base by 32pc to Rs 5.24 lakh crore
New Delhi: Individual investors enhanced their assets base by 32 percent over the last nine months of the current fiscal...
India’s Oil Ministry seeks Rs 22,101 crore in fuel subsidy
New Delhi: For the second half of current fiscal, Oil Ministry has sought Rs 22,101 crore in fuel subsidy so...
Farmers National Banc Corp. announces net income of $2.1m, or $0.12 per diluted share
CANFIELD, Ohio: Farmers National Banc Corp. announced net income for the three months ended December 31, 2014 of $2.1 million,...
Qatar’s Doha Bank wins ‘Quality Recognition Award 2014 from JPMorgan
DOHA: JPMorgan has awarded Doha Bank with its ‘JPMorgan Quality Recognition Award’ for 2014. Since 1997, the awards have been...
Bilateral trade stood at $18.25b in 2014: Indonesia, Malaysia ready to enhance cooperation
JAKARTA: The President of Indonesia and the Prime Minister of Malaysia agreed to peacefully resolve future maritime disputes and to...
Revenue up by 97% to $479m: Twitter’s quarterly loss shrinks to $125 million
SAN FRANCISCO: Twitter has posted $479 million revenue in the fourth quarter, up 97 percent from $242.6 million in the...
To save 1 billion euros: Siemens to cut 7,800 jobs out of 300,000 staff
BERLIN: In bid to save about one billion euros, German engineering giant Siemens has planned to cut 7,800 jobs worldwide,...
Ecuador to end 21% duty on Colombian imports
QUITO: Ecuador to lifted 21 percent duty on Colombian imports by the end of the month, the Colombian trade ministry...
Hong Kong’s polished diamonds imports hike 8.5% to $19.592 billion in 2014
HONG KONG: Hong Kong's polished diamond imports rose 8.5 percent year on year to $19.592 billion in 2014, according to the...
Qatar’s QFC sets precedent to allow reimbursement for tax losses
DOHA: The Qatar Financial Centre (QFC) has set a global precedent by amending its tax law in 2014 to allow...
