The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
Bloomberg After spending billions on its web operations to take on rival Amazon.com Inc., the …
Read More »Wal-Mart beaten by Amazon despite spending billions
Masonry Layout
Sainsbury faces slippery slope in Home Retail bid war
Bloomberg Sainsbury’s takeover of Home Retail was already of questionable logic. Getting into a bidding …
Read More »Lotte chief’s brother mounts bid to capture Korea arm
TOKYO / Bloomberg Japan-based older brother of Lotte Group Chairman Shin Dong Bin wants to …
Read More »China removes Xiao after stock meltdown
BEIJING / Bloomberg The head of China’s securities regulator has been removed from his post …
Read More »Citibank to drop consumer banks in struggling South America
BOGOTA / AP Citibank is planning to sell the consumer banking operations it has operated …
Read More »SL interest rates rise, seeking IMF bailout
Colombo / AFP Sri Lanka’s central bank raised benchmark interest rates for the first time …
Read More »Economists forecast decline in consumer prices
Frankfurt / Bloomberg With German government bonds on their longest winning streak in more than …
Read More »IMF gives Lagarde second term as MD
WASHINGTON / AP The International Monetary Fund (IMF) said it is giving managing director Christine …
Read More »Le Pen Party taps Russian banks to fund 2017 election campaign
MOSCOW / Bloomberg Marine Le Pen’s National Front party is reaching out to Russian banks …
Read More »BofA’s Thompson to remain at bank, Vice Chairman
Bloomberg Bank of America Corp.’s Bruce Thompson, who stepped down as chief financial officer last …
Read More »