Business

Incoming Viacom CEO plans investor campaign 21 Aug 2016 - 12:00 am

NEW YORK: As Viacom Inc prepares for the impending departure of CEO Philippe Dauman, his interim replacement, Thomas Dooley, is planning to reach...

Fitch keeps its Turkey rating at investment grade 21 Aug 2016 - 12:00 am

ISTANBUL: Ratings agency Fitch affirmed its sovereign rating on Turkey at ‘BBB-’, the lowest investment grade, but lowered its outlook to negative from...

Malabar Gold & Diamonds announces winner 21 Aug 2016 - 12:00 am

Anwar Sadath, the raffle draw winner of ‘Win up to 10 kilos of gold’ campaign by Malabar Gold & Diamonds, receives the prize...

With stock & bond prices soaring, time to hold cash 21 Aug 2016 - 12:00 am

A trader smiles as the closing bell rings on the floor of the New York Stock Exchange last week in New York City. ...

Fed’s Williams sees September rate hike 20 Aug 2016 - 02:49 am

San Francisco: San Francisco Federal Reserve Bank President John Williams (pictured) joined a growing chorus of his colleagues signalling support for a US...

Royal Bank of Scotland to charge corporates for deposits in Britain 20 Aug 2016 - 02:48 am

A customer using an ATM machine at an RBS bank branch in London. London: Some large corporate clients who bank with Royal Bank...

Indonesia uses new rate to boost economy 20 Aug 2016 - 02:46 am

A shop offers discounts during a sale at a shopping centre in Jakarta, yesterday. Indonesia’s economy grew more than expected in April-June, official...

Boardroom deal aims to end Viacom power struggle 20 Aug 2016 - 02:46 am

A woman exits the Viacom Inc headquarters in New York. San Francisco: The end of a nasty power struggle at Viacom appeared at...

Uber buys startup Otto; partners with Volvo 20 Aug 2016 - 02:43 am

Uber app logo displayed on a mobile telephone in central London. Washington: Ride service Uber Technologies Inc said it acquired self-driving trucks startup...

Oversupply concerns resurface as oil up on Opec talks 20 Aug 2016 - 02:38 am

DOHA: A slew of developments kept the global oil market on its heels during this month that included a 2.1 million increase in...

VW eyes transportation deals to boost self-driving car plans 20 Aug 2016 - 02:33 am

A general view of the factory of Volkswagen in Wolfsburg, northern Germany. FRANKFURT: Volkswagen is planning further acquisitions in the market for new...

New York nabs global property crown from London on Brexit fears 20 Aug 2016 - 12:00 am

Lower Manhattan including the financial district is pictured from the Manhattan borough of New York, U.S. June 1, 2016. REUTERS/Carlo Allegri By Herbert...

Oil holds onto gains as investors hope for OPEC action 20 Aug 2016 - 12:00 am

A view of the OPEC Headquarter in Vienna. AFP New York: Oil kept its recent gains on world markets on Friday, ending a...

Up to QR10,000 cash back with the purchase of new 2016 Honda Accord 19 Aug 2016 - 04:07 pm

Doha: Doha Marketing Services Company WLL (Domasco), the authorised distributor for Honda in Qatar, amazes their customers with an immersive offer. With the...

QE investors’ wealth rises to QR605.34bn 19 Aug 2016 - 02:58 pm

DOHA: Qatari stocks last week made gains of nearly QR19bn, one of the best in weeks, taking the market cap to QR605.34bn, up...

Oil over $50 at 6-week high on talk of supply freeze 18 Aug 2016 - 05:05 pm

An oil pump is seen in Lagunillas, Venezuela, August 13, 2016. (REUTERS/Jesus Contreras) By Christopher Johnson LONDON: Brent crude oil hit a six-week...

Brexit-bashed banks can’t escape from London’s Canary Wharf 18 Aug 2016 - 12:10 pm

Storm clouds are seen above the Canary Wharf financial district in London, Britain, August 3, 2010. REUTERS/Greg Bos/File Photo By Jack Sidders Way...