Business

Door still open to Iceland, says EU 13 Mar 2015 - 05:07 pm

Brussels---The European Union said Friday the door was still open to Iceland and denied that Reykjavik's decision to drop its membership bid was...

Oil market drops on IEA price warning 13 Mar 2015 - 04:12 pm

London---World oil prices sank Friday after the International Energy Agency warned over the price outlook amid bulging global supplies. In midday London deals,...

GE plans $200 mn facility in Egypt canal city 13 Mar 2015 - 04:09 pm

Cairo---US conglomerate General Electric on Friday said it will set up a new training and manufacturing facility in the Egyptian canal city of...

Russia's central bank cuts interest rate to 14% from 15% 13 Mar 2015 - 03:45 pm

Moscow---Russia's central bank on Friday cut its main interest rate to 14 percent from 15 percent as it juggled the need to resuscitate...

Dollar rally takes a breather in Asia 13 Mar 2015 - 03:40 pm

Tokyo - The dollar struggled to extend its recent rally on Friday after weaker-than-expected US data tempered expectations for an early interest rate...

Europe stocks dip amid easing US rate hike prospects 13 Mar 2015 - 03:23 pm

London---European stock markets fell on Friday, with losses limited as prospects eased of a US interest rate hike in the near future, analysts...

Hong Kong stocks end up 0.11% 13 Mar 2015 - 03:17 pm

Hong Kong---Hong Kong shares closed 0.11 percent higher Friday, ending the week on a positive note after a surge on Wall Street as...

Disorderly Greek euro exit can't be excluded: Schaeuble 13 Mar 2015 - 03:03 pm

Vienna---German Finance Minister Wolfgang Schaeuble said Friday a disorderly Greek exit from the euro could not be excluded if Athens fails to reach...

Two Koreas trade barbs over industrial park wage row 13 Mar 2015 - 02:11 pm

Seoul - North and South Korea dug in their heels Friday in an escalating row over wages at their Kaesong joint industrial zone....

Oil prices rebound in Asia 13 Mar 2015 - 02:08 pm

Singapore - Oil prices climbed in Asia Friday as news of a deal to end a strike at US refineries helped reverse losses...

Australia's TPG Telecom in billion dollar takeover bid 13 Mar 2015 - 01:06 pm

Sydney - Australia's TPG Telecom announced Friday a Aus$1.4 billion (US$1.08 billion) bid for rival iiNet in a merger that would form the...

Tokyo stocks jump 1.44% by break 13 Mar 2015 - 12:47 pm

Tokyo - Tokyo stocks jumped 1.44 percent Friday morning following a strong rally on Wall Street and as exporters were boosted by a...

Asia stocks mostly up after weak US data tame rate talk 13 Mar 2015 - 12:39 pm

Hong Kong - Asian markets mostly rose Friday following a surge on Wall Street after unexpectedly weak US data tempered talk of an...

China shares higher in morning trade 13 Mar 2015 - 11:57 am

Shanghai - Chinese shares were slightly higher in Friday morning trade, dealers said. The benchmark Shanghai Composite Index edged up 0.30 percent, or...

Hong Kong stocks edge up at open 13 Mar 2015 - 11:53 am

Hong Kong - Hong Kong stocks edged marginally higher in opening trade Friday following a surge on Wall Street as weak US retail...

Qatar bourse index dips by 58.76 points 13 Mar 2015 - 04:10 am

Doha: Qatar Exchange index dropped 58.76 points or 0.48 percent last week when the bourse closed yesterday at 12,080.66 points. The trading value...

Qatar Chamber, Australian trade team hold talks 13 Mar 2015 - 04:08 am

Qatar Chamber Vice-Chairman Mohammed bin Ahmed bin Towar Al Kuwari and other officials attending a meeting with visiting Australian business delegation headed by...

Bilfinger, Buzwair Holding sign MoU 13 Mar 2015 - 04:07 am

Officials at the signing ceremony. DOHA: Bilfinger SE, a German organisation, and Qatari group Buzwair Holding signed a memorandum of understanding (MoU) to...