Business

Oil edges up on hopes over non-Opec cuts 09 Dec 2016 - 10:20 pm

London: Oil prices edged higher for a second consecutive session on yesterday on hopes that non-Opec producers meeting in Vienna would agree to...

Coca-Cola chief Muhtar Kent to step down 09 Dec 2016 - 05:34 pm

New York: Coca-Cola announced Friday that chief executive Muhtar Kent will step down next year as the beverage giant confronts a tougher demand...

IIA chief to address auditors in Doha 08 Dec 2016 - 09:46 pm

The President and CEO of the US-based Institute of Internal Auditors (IIA), Richard F Chambers (pictured) will be visiting Qatar on December 13,...

Chinese firm scraps German tech deal after US block 08 Dec 2016 - 09:40 pm

Beijing: A Chinese company yesterday said that it had scrapped plans to purchase German semiconductor equipment maker Aixtron after US President Barack Obama...

Japan cuts GDP growth for Q3 08 Dec 2016 - 09:39 pm

Tokyo: Japan’s third-quarter GDP was weaker than thought with a 0.3 percent expansion, revised data showed yesterday, as slack corporate spending held back...

Airlines soaring to record profits: IATA 08 Dec 2016 - 09:37 pm

Geneva: The aviation industry is set to post record net earnings this year and is expected to remain profitable in 2017, despite rising...

Barclays named ‘Best Overall GCC Private Bank’ 08 Dec 2016 - 09:36 pm

Barclays was named Best Overall GCC Private Bank at the ‘WealthBriefing GCC Region Awards 2016’, further emphasising the bank’s continuous commitment to delivering...

Venezuela unveils 6 new bills amid galloping inflation 08 Dec 2016 - 09:33 pm

Venezuela has unveiled six new bills set to go into circulation next week. Central Bank President Nelson Merentes said Tuesday the new higher-denomination...

China's exports snap losing streak on weaker yuan 08 Dec 2016 - 09:30 pm

Beijing: Chinese exports beat expectations in November, a positive sign for the global economy, but analysts warned Thursday of an uncertain outlook as...

ECB to scale back asset buys from April next year 08 Dec 2016 - 09:29 pm

Frankfurt: The European Central Bank caught financial markets off-guard yesterday by announcing it would trim asset buys from April next year, even as...

Oil rebounds & rises over $50 despite doubts over Opec output cut 08 Dec 2016 - 09:28 pm

London: Oil rebounded from the week's lows to stabilise above $50 a barrel yesterday as market watchers focused on a weekend meeting of...

Qatar Stock Exchange’s benchmark index gained 140.20 points last week 08 Dec 2016 - 09:27 pm

Qatar Stock Exchange’s (QSE) benchmark index gained 140.20 points, or 1.41 percent, last week when the bourse closed yesterday at 10,053.95 points. Trading...

Qatar Finance and Business Academy launches revamped open programmes calendar for '17 08 Dec 2016 - 09:25 pm

Qatar Finance and Business Academy (QFBA), has recently launched its all-new revamped open programmes calendar for 2017, in the first of a series...

Jobless claims drop from five-month high in US 08 Dec 2016 - 09:23 pm

Washington: The number of Americans filing for unemployment benefits fell from a five-month high last week, pointing to labour strength that underscores the...

Oil tanker market heads for worst year since 2013 on OPEC cut 08 Dec 2016 - 06:42 pm

Oil-hauling supertankers are bracing for the worst earnings year since 2013 as they become collateral damage in OPEC’s quest to trim a global...

German authorities probe Volkswagen’s sportscar brand Porsche for manipulation software 08 Dec 2016 - 05:37 pm

FRANKFURT: Germany is investigating whether Volkswagen’s (VW) sportscar brand Porsche used software to disguise exhaust emissions, the country’s car industry regulator said on...