Business

Commodities: Brent hits new high; sugar turns sour 27 Apr 2015 - 01:03 am

London: Brent oil prices jumped this week to the highest level so far this year, as the latest Saudi-led air strikes on Yemen...

India’s SMEs still to be convinced by business-friendly PM 27 Apr 2015 - 01:03 am

New Delhi: While Narendra Modi may be the toast of India’s titans of industry, bosses of the army of small and medium-sized businesses...

Saudi’s solution to oil glut: Pump more 27 Apr 2015 - 01:03 am

LONDON: Saudi Arabia has a response to the global surplus of oil: Raise output to near-record levels and then pump even more. The...

Ezdan Holding Group profit up 13.4pc 27 Apr 2015 - 12:02 am

Ezdan Holding Group Chairman Sheikh Dr Khalid bin Thani bin Abdullah Al Thani (left) and CEO Ali Al Obaidly. DOHA: Ezdan Holding Group...

Government says will oppose any takeover of BP - FT 26 Apr 2015 - 10:26 pm

LONDON: The British government has told BP Plc (BP.L) that it wants the company to remain a British industrial champion and it would...

Serbia seals deal with Abu Dhabi developer for controversial Belgrade makeover 26 Apr 2015 - 10:00 pm

BELGRADE: Serbia sealed an agreement with an Abu Dhabi investor on Sunday for a multi-billion-dollar, Dubai-style riverside development that has drawn fire from...

Nokia denies return to phone manufacturing 26 Apr 2015 - 09:20 pm

DOHA: Finland's Nokia denied reports in Chinese media that it planned to return to manufacturing phones. "Nokia notes recent news reports claiming the...

Deutsche Bank Q1 profits fall 50% over litigation costs 26 Apr 2015 - 05:23 pm

Frankfurt - Deutsche Bank said Sunday its profits fell around 50 percent year on year in the first quarter over legal costs from...

India's Ratan Tata buys stake in Chinese phone maker Xiaomi 26 Apr 2015 - 02:44 pm

DOHA: Ratan Tata, chairman emeritus of the holding company of India's Tata conglomerate, has acquired a stake in Xiaomi Technology [XTC.UL], a deal...

QBA hosts US Undersecretary 26 Apr 2015 - 12:18 am

Dr Sheikh Khalid bin Thani Al Thani and Stefan Selig with other dignitaries at the luncheon. DOHA: The Qatari Businessmen Association (QBA) hosted...

VW chief quits after failing to oust CEO 26 Apr 2015 - 12:18 am

FRANKFURT: Ferdinand Piech (pictured), a towering figure at Volkswagen for more than two decades, resigned as its chairman yesterday after losing a showdown...

GCC likely to be insulated from oil fall: QNB 26 Apr 2015 - 12:17 am

DOHA: The GCC is likely to be insulated from the fall in oil prices for three reasons, QNB said in its weekly report...

GWC net profit jumps 40pc in first quarter 26 Apr 2015 - 12:16 am

DOHA: Gulf Warehousing Company (GWC) announced a 40 percent jump in first quarter net profit yesterday. The company made a profit of QR40m...

Deutsche to hive off Postbank in revamp 26 Apr 2015 - 12:13 am

FRANKFURT: Deutsche Bank will cut back investment banking, sell its Postbank retail chain via a public share offering and reduce costs, the group...

Greece’s governors to lend cash to govt 26 Apr 2015 - 12:12 am

Czech Republic’s Minister of Finance Andrej Babis (right) takes a “selfie” with his Greek counterpart Yanis Varoufakis during an informal meeting of Ministers...

EU ministers back tax avoidance clampdown. 25 Apr 2015 - 07:35 pm

Riga - European finance ministers on Saturday backed efforts to fight rampant tax avoidance by multinationals in the wake of the LuxLeaks scandal,...

Historic week for US stocks as Nasdaq breaks 15-year record 25 Apr 2015 - 12:07 pm

New York--Fifteen years after its bubble exploded dramatically costing tens of thousands of hopeful tech millionaires their savings, the Nasdaq finally made its...

Deutsche Bank to sell Postbank 25 Apr 2015 - 11:53 am

Berlin--Germany's biggest lender Deutsche Bank announced Friday it was seeking to sell its Postbank subsidiary as part of a revamp to improve profitability....