Business

Europe stocks soar higher at close. 27 Apr 2015 - 07:18 pm

Paris - Europe's main stock markets closed higher Thursday, with Frankfurt's DAX 30 index soaring 1.93 percent to 12,039.16 points and the CAC...

US stocks extend record-setting rally. 27 Apr 2015 - 05:23 pm

New York - US stocks rose in early trade Monday, extending last week's record-setting rally at the start of a busy week that...

World shares hit new high, Europe shrugs off Greece worry 27 Apr 2015 - 03:44 pm

LONDON: World shares hit a new high on Monday, with European stocks joining the rally after early falls, as investors looked ahead to...

Hong Kong stocks up 1.30% by break 27 Apr 2015 - 02:29 pm

Hong Kong--Hong Kong stocks jumped 1.30 percent in the morning session Monday, taking a strong lead from Wall Street, where the Nasdaq and...

Oil prices mixed in Asian trade 27 Apr 2015 - 01:52 pm

Singapore--Oil prices were mixed in Asia Monday as fighting between pro-government forces and Iran-backed rebels in Yemen fuels fears about a supply disruption...

Tokyo stocks flat by break 27 Apr 2015 - 01:36 pm

Tokyo--Tokyo's benchmark index ended Monday morning flat, despite another record-setting close on Wall Street, as a stronger yen weighed with Japanese earnings season...

Brent crude holds near 4-1/2 month high on US rig count, Yemen 27 Apr 2015 - 01:33 pm

SINGAPORE: Brent crude prices held near a 4-1/2 month high above $65 a barrel on Monday, supported by concerns over fighting in Yemen...

Asian stocks rise after Wall Street records 27 Apr 2015 - 01:26 pm

Hong Kong--Asian markets rose on Monday following another record-breaking close on Wall Street as a weak batch of US data narrowed the chances...

Growth pause, Greek crisis could keep Fed mum on rate rise 27 Apr 2015 - 12:50 pm

Washington--The Federal Reserve dropped its reference to staying patient before raising interest rates in its policy statement in March. But signs are, that...

Tokyo stocks open 0.22% higher 27 Apr 2015 - 12:31 pm

Tokyo--Tokyo stocks opened 0.22 percent higher on Monday with investor sentiment supported by record-setting advances on Wall Street last week. The Nikkei 225...

Serbia seals deal with Abu Dhabi developer 27 Apr 2015 - 01:17 am

People stand in front of a billboard of a computer-generated image of the future $3bn Belgrade Waterfront project in Belgrade yesterday. BELGRADE: Serbia...

UDC profit rises 8pc to QR270m 27 Apr 2015 - 01:16 am

Turki Al Khater DOHA: United Development Company (UDC), a Qatari shareholding company and developer of The Pearl-Qatar, yesterday announced a net profit of...

Seven in 10 Greeks want a debt deal, survey finds 27 Apr 2015 - 01:15 am

People walk on Omonia Square where a board reads “Welcome to Greece !!!” in Athens yesterday. Athens: Seven out of 10 Greeks want...

Qatar bourse index falls, Saudi rises 27 Apr 2015 - 01:14 am

Doha: Qatar Exchange index declined 9.79 points or 0.08 percent when the bourse closed trading at 12,040.06 points yesterday. The market capitalisation decreased...

More bankers quit China’s state banks 27 Apr 2015 - 01:13 am

A woman leaves a branch of the Shanghai Pudong Development Bank in Beijing. SHANGHAI/HONG KONG: Bankers at China’s top state lenders are quitting...

Ending Egypt’s currency black market brings new challenges 27 Apr 2015 - 01:12 am

A mirror reflection shows an employee working in a foreign exchange office in central Cairo. CAIRO: Egypt’s currency black market, a thorn in...

Solar power shaking up energy sector 27 Apr 2015 - 01:11 am

Rooftops of solar powered houses seen in Ota, 80km northwest of Tokyo. SINGAPORE/TOKYO: One by one, Japan is turning off the lights at...

Islamic reinsurance moves to displace conventional finance 27 Apr 2015 - 01:04 am

JAKARTA: Islamic reinsurance (retakaful) is getting a face-lift because of new entrants and a widening market for Shariah-compliant insurance products, helping move the...