Business

Berkshire to buy Precision Castparts for $37bn 10 Aug 2015 - 10:56 pm

Berkshire Hathaway CEO Warren Buffett at a function in Texas. New York: US investment guru Warren Buffett’s Berkshire Hathaway has agreed to buy...

Oil rebounds, Brent up 4pc 10 Aug 2015 - 10:54 pm

NEW YORK: Crude oil prices jumped as much 4 percent yesterday after a rally in US petrol and diesel due to a refinery...

Greece and lenders in final push to seal new bailout 10 Aug 2015 - 07:37 pm

Greek Prime Minister Alexis Tsipras in central Athens, Greece, August 5, 2015. ATHENS: Greece and international creditors sought to put final touches to...

Alibaba to invest $4.6 billion in China electronics retailer Suning 10 Aug 2015 - 01:12 pm

The logo of Alibaba Group is seen inside the company's headquarters in Hangzhou, Zhejiang province early November 11, 2014. BEIJING : Alibaba Group...

Asian stocks near 1-1/2 year lows on China data; dollar steady 10 Aug 2015 - 01:03 pm

A videographer films an electronic board showing the Japan's Nikkei average (Top R) and related indexes at the Tokyo Stock Exchange (TSE) in...

KPMG names Abu Sharkh as new Country Senior Partner 09 Aug 2015 - 10:46 pm

DOHA: KPMG in Qatar has appointed Ahmed Abu Sharkh (pictured) as its Country Senior Partner . Ahmed will manage the firm’s Qatar operations...

QInvest profit surges 86pc in H1 09 Aug 2015 - 10:45 pm

DOHA: QInvest, Qatar’s leading investment group and one of the most prominent Islamic financial institutions, reported $53.7m (QR195.6m) revenue for the first half...

Qatari stocks plunge on oil, bank, real estate bullish 09 Aug 2015 - 10:44 pm

DOHA: Fresh fall in oil prices pushed Qatari stocks down yesterday. Real estate sector recorded the day’s biggest losses. The bourse’s benchmark index...

Apple Music on top chart 09 Aug 2015 - 10:42 pm

An advertisement for Apple Music is posted on the streets of Manhattan in New York City. After launching in June, Apple announced it...

Swiss banks step up battle for Asia’s super-rich 09 Aug 2015 - 10:41 pm

The logo of Swiss bank UBS is seen at its headquarters in Zurich. ZURICH/HONG KONG: UBS’s giant banner on Hong Kong’s One Peking...

Delta Air Lines shrinks Dubai service 09 Aug 2015 - 10:25 pm

New York: Delta Air Lines Inc has scrapped a numbr of its flights to Dubai this winter in an apparent nod to how...

Fed up with waiting, US hike needed to clear emerging markets air 09 Aug 2015 - 10:22 pm

Traders work on the floor of the New York Stock Exchange (NYSE) on Friday in New York City. New York: Emerging markets have...

Greece hopes to conclude bailout talks by tomorrow 09 Aug 2015 - 10:20 pm

Greek Economy Minister Giorgos Stathakis arrives for a meeting with representatives of the International Monetary Fund at a hotel in Athens yesterday.Caption ATHENS:...

Consumer inflation rises to 1.6pc in China 09 Aug 2015 - 10:19 pm

A customer shops for groceries at a supermarket in Fuyang, eastern China’s Anhui province, as the government announced its monthly consumer inflation figures...

Ukraine economy turning into breadbasket 09 Aug 2015 - 10:18 pm

A stork walks near a combine harvester gathering grain from a field in Mala Divytsa. Ukraine’s total crop production reached a post-Soviet record...

Oil prices forecast to remain lower 09 Aug 2015 - 12:03 am

Sources: Bloomberg and QNB Economics DOHA: Oil prices have again collapsed to sub-$50 per barrel levels. A bear market in Chinese equities has...

Commodity prices slump 08 Aug 2015 - 11:26 pm

London: Oil, metals and sugar prices all slumped this week to new lows, weighed down by ample supplies and a strong dollar, analysts...

China property market 08 Aug 2015 - 11:22 pm

Residential houses are seen in a vally in Tengchong, Yunnan province. China’s property developers are returning to the asset securitisation market after a...