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North Korean leader dies

  • North Korean leader dies

    North Korean leader dies

  • Kingfisher + OneWorld Alliance

    An employee speaks on a mobile phone inside a Kingfisher Airlines city office in New Delhi

    Kingfisher Airlines said on Monday it will become part of the global OneWorld Alliance from February, making it the first carrier from the subcontinent to join a global airline group.

    Kingfisher, the country's third largest carrier by market share, was recently in the news after a spate of flight cancellations in November, as the carrier faced a series of financial difficulties.

    The OneWorld Alliance serves more than 850 airports in nearly 150 countries and includes American Airlines, British Airways and Cathay Pacific.

  • Gold loan biz intact

    Gold bangles are seen on display in Green Street, in the east of London

    The volatility in gold prices will not have any major impact on the growth of gold loan business, a senior official of the country's leading gold loan provider said here today.

    "We do not foresee any major impact in the gold loan market. There may be a slight decline in demand which will not impact our growth," Muthoot Finance COO KR Bijimon said here today.

  • Saudi man invests in Twitter

    Saudi billionaire Prince Alwaleed bin Talal speaks at a news conference in Riyadh

    Saudi billionaire Prince Alwaleed bin Talal, an investor in some of the world's top companies, on Monday unveiled a $300 mn stake purchase in fast-growing microblogging site Twitter, gaining another foothold in the global media industry.

    Alwaleed, a nephew of the Saudi king with a personal net worth estimated by Forbes magazine in March to be just below $20 bn, already owns a 7% stake in News Corp and has unveiled plans to start a cable news channel.

  • Euro zone to pursue crisis action

    A machine counts and sorts out euro notes at the Belgian Central Bank in Brussels

    European finance ministers will pursue plans on Monday to enhance the IMF's arsenal and press on with a drive for tighter fiscal rules in an attempt to assuage doubts they can overcome their sovereign debt crisis.

    They will discuss at the Monday teleconference the draft text of a new euro zone "fiscal compact" so that it can be finalised by the end of January, EU officials said.