Business

Price plunge brings hardship to Canada oil sands El Dorado 23 Apr 2015 - 02:02 pm

Fort McMurray, Canada--Sky-high salaries once attracted thousands of workers to this small city in the heart of Canada's oil sands. But after crude...

Oil prices mixed in Asian trade 23 Apr 2015 - 01:59 pm

Singapore--Oil prices were mixed in Asia Thursday as dealers focused on positive signs in a US supply report while tracking the crisis in...

Dollar climbs on US home sales data 23 Apr 2015 - 01:50 pm

Tokyo--The dollar jumped back above 120 yen on Thursday following a strong increase in US existing home sales, while traders keep a wary...

Asian stocks higher as China PMI lifts Hong Kong, Shanghai 23 Apr 2015 - 01:31 pm

Hong Kong--Asian markets mostly rose Thursday, with another weak reading on Chinese manufacturing lifting Hong Kong and Shanghai on hopes for further stimulus...

China manufacturing gauge at 12-month low: HSBC 23 Apr 2015 - 01:26 pm

Beijing--An index of China's manufacturing activity fell to a 12-month low in April, HSBC said Thursday, indicating further weakness as growth sputters in...

Tokyo stocks up 0.34% by break at 15-year high 23 Apr 2015 - 01:19 pm

Tokyo--Tokyo stocks rose 0.34 percent Thursday following a Wall Street rally, and extending gains a day after closing above 20,000 for the first...

SK Hynix Q1 net profit up 61 percent on-year 23 Apr 2015 - 12:37 pm

Seoul--South Korean chipmaker SK Hynix saw its net profit shoot up 61 percent on-year in the first quarter on strong demand for chips...

S. Korea's economy perks up in first quarter 23 Apr 2015 - 12:32 pm

Seoul--South Korea's economy picked up momentum in the first quarter due to increased construction and consumer spending, the central bank said Thursday. The...

Tokyo stocks open 0.46% higher 23 Apr 2015 - 12:28 pm

Tokyo--Tokyo stocks opened 0.46 percent higher on Thursday following solid gains on Wall Street and as the dollar rose against the yen, continuing...

Pound climbs past $1.50, 180 yen 23 Apr 2015 - 10:54 am

New York--The pound climbed beyond the $1.50 barrier for the first time in six weeks Wednesday as the countdown continued toward British elections...

Commercial Bank net profit rises by 19.5pc 23 Apr 2015 - 04:22 am

DOHA: Commercial Bank of Qatar (Commercial Bank) and its subsidiaries and associates yesterday announced a net profit of QR462.5m for the quarter ended...

Qatar bourse index gains 15.26 points 23 Apr 2015 - 01:10 am

Doha: Qatar Exchange index gained 15.26 points or 0.13 percent when the bourse closed trading at 11,992.61 points yesterday. The market capitalisation increased...

European stocks jittery; euro slides 23 Apr 2015 - 01:09 am

People walk past an electric quotation board flashing the numbers of the Nikkei key index at the Tokyo Stock Exchange in front of...

IBQ rewards 20th winner of thanq 23 Apr 2015 - 01:08 am

International Bank of Qatar (ibq) has announced the 20th winner of the bank’s monthly prize draw for the ibq loyalty programme, thanq. Qatar...

GWC Fine Arts powers ahead 23 Apr 2015 - 01:06 am

Ranjeev Menon,Group CEO of GWC; Melanie Cooray, Director of GWC Fine Art Logistics; Duncan Capp, Middle East Operations Manager, Constantine; and Paul Williamson,...

Tesco posts $9.5bn loss 23 Apr 2015 - 01:05 am

A man pushes a pram past a Tesco supermarket near Altrincham, northern England, yesterday. LONDON: Tesco revealed the cost of its spectacular decline...

Greek cash seen lasting into June 23 Apr 2015 - 01:01 am

A man counts money as he walks past shopping bags hanging for sale by a street vendor in Athens yesterday. ATHENS/BRUSSELS: Greece can...

Qatar-US bilateral trade increases 23 Apr 2015 - 12:26 am

US Undersecretary of Commerce for International Trade Stefan Selig (centre) addressing mediapersons at a round table talk at the Four Seasons Hotel in...