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Delta to trim flights as rivals' expansion hurts prices

Reuters New York Delta Air Lines Inc on Monday said it will fly fewer seats this winter than it had planned and defer the 2018 delivery of four large aircraft, as extra flights by rivals threaten to depress its ticket prices. Delta, the ..

Pakistan bourse in share sale talks with Qatar,  Turkey exchanges

Reuters KARACHI Pakistan Stock Exchange, which is seeking a strategic foreign investor, has had"serious interest" from Turkey and Qatar exchanges, the Pakistan bourse's deputy managing director said. A Qatar official ..

Philips to raise $785 mn in IPO

Reuters AMSTERDAM Philips said on Monday it is seeking to raise at least 694 million euros ($785 million) by selling a 25 percent stake in its lighting division in an initial public offering of shares. In a statement, the company said ..

Reuters MUMBAI/NEW DELHI Apple Chief Executive Tim Cook will visit India this week and meet Prime Minister Narendra Modi on the second leg of his Asian tour, two sources familiar with the matter said, as the company seeks to revive ..

Abu Dhabi Water and Electricity Authority (ADWEA) has invited bids from construction companies to build a 350 megawatt solar plant in the emirate, state news agency WAM said on Monday. The plant would be the Abu Dhabi power ..

Dubai-based Fajr Capital has completed its investment into Middle Eastern food franchiser Cravia Group, the private equity firm said in a statement on Monday. It did not disclose the size of the stake it had acquired or the price paid ..

US oil firm Chevron plans to cut 800 staff this year in Thailand as it looks to cut half a billion dollars in costs at the Thai unit to weather the global energy price slump, the company said on Monday. Chevron slashed costs worldwide in ..

Reuters DUBAI Saudi Arabia aims to create the world's biggest sovereign wealth fund, a $2 trillion behemoth that can throw its weight around global markets, but the fund's growth abroad is likely to be slowed by its ..

AFP Washington The market for connected wearable devices jumped in early 2016, led by fitness tracker maker Fitbit, while Chinese group Xiaomi raced past Apple to second place, a survey showed Monday. Global sales of wearables -- a ..

Tribune News Network Doha Minister of Energy and Industry HE Dr Mohammed bin Saleh al Sada presided over the 16th Annual Qatarisation Review Meeting of the energy and industry sector recently. In his opening address, Sada said that ..

Tribune News Network ~Doha Al~Khaliji~Commercial Bank (al~khaliji) has earned three~prestigious~titles at the~'Banker Middle East Industry Awards 2016' held in~Dubai. al khaliji was~recognised as the 'Best ..

Tribune News Network Doha International Bank of Qatar (ibq) received three significant awards at the Banker~Middle East Industry Awards 2016 in Dubai recently. Omar Bouhadiba, Managing Director at ibq, received 'Best ..

Reuters DUBAI Gulf stock markets ended mixed on Monday, with a strong oil price failing to give much of a boost to shares as investors focused on the blow to corporate earnings expected later this year from governments' austerity ..

Reuters LONDON European shares fell in subdued, holiday-squeezed trade on Monday, unable to maintain the momentum of Asian stocks that shrugged off sub-par Chinese economic data to eke out modest gains. Wall Street appeared set to ..

PTI Mumbai In a volatile market, the S&P BSE benchmark sensex ended higher by 164 points to 25,653.23 on fag-end buying mainly in FMCG, realty, metal, IT counters on the back of higher Asian cues coupled with good foreign captial ..

Reuters BEIJING China will push forward supply-side reform and increase the number of middle-income earners, state television quoted President Xi Jinping as saying on Monday, after economic data for April fuelled doubts about ..

Mumbai, May 16 (PTI) In a volatile market, the S&P BSE benchmark sensex ended higher by 164 points to 25,653.23 on fag-end buying mainly in FMCG, Realty, Metal, IT counters on the back of higher Asian cues coupled with good foreign ..

Reuters LONDON Gold rose 1 percent on Monday, recovering from its biggest weekly loss since mid-March, as stock markets eased after soft Chinese data, boosting interest in the metal as an alternative asset, and the dollar weakened ..

Ride-hailing service Didi Chuxing, Uber Technologies Inc's main rival in China, is working towards an initial public offering in the US that would likely take place in 2018. The Apple Inc-backed firm is valued at around $25 ..

DP World could buy back around half of its $1.5 billion sukuk offering which is due to mature in 2017 as the global ports operator seeks to reduce the cost of its debt, it said in a statement. Holders of the Islamic bond have until 1600 ..

Two of Saudi Arabia's smaller banks by assets are planning to sell Islamic bonds, or sukuk, in the coming weeks. Bank Al Jazira will meet local fixed income investors this week ahead of a sukuk sale which will improve its Tier 2, or ..

Reuters SHANGHAI Bridgewater Associates, the world's largest hedge fund with around $150 billion in assets under management, has set up an investment management unit in Shanghai, according to a Chinese government website ..

PTI Mumbai The rupee continued to fall against the American currency for the third day on Monday, slipping by another three paise to 2-month closing low at 66.80 per dollar on persistent dollar demand from banks and importers on the ..

AFP Shetland, United Kingdom Total officially launched Monday a huge new gas project in Britain's remote Shetland Islands, hailed by London as a"vote of confidence" in the flagging North Sea oil and gas industry. The French ..