Business

Qatar Exchange CEO attends WFE meetings in London 27 Feb 2015 - 04:15 am

DOHA: Rashid bin Ali Al Mansoori (pictured), CEO of Qatar Exchange (QE), yesterday participated in the Working Committee and Board meetings of the...

Oil prices fall as US crude inventories rise 27 Feb 2015 - 04:14 am

NEW YORK: Crude oil futures fell yesterday, as rising inventories in the United States pressured both Brent and US contracts and countered expectations...

Sterling at 7-year high against euro 27 Feb 2015 - 04:08 am

A man holds a monkey as he exchanges currency at a bureau de change while an information panel shows the exchange rate, in...

DBCQ gets new chairman 27 Feb 2015 - 12:31 am

Officials pose for a group picture. DOHA: The Dutch Business Council Qatar’s (DBCQ) annual general meeting, held at the residence of the Ambassador...

Qatar stocks edge higher; market cap up 27 Feb 2015 - 12:22 am

DOHA: Qatar stocks edged higher in February on blue chips. The benchmark index rose a moderate 4.59 percent to finish the month at...

ExxonMobil says Russia sanctions could cost it $1 bn 26 Feb 2015 - 09:04 pm

New York--ExxonMobil said Thursday that US and European Union sanctions against Russia could cost the US oil giant as much as $1 billion....

Management shake-up at UK's troubled StanChart bank 26 Feb 2015 - 08:44 pm

London--Britain's troubled Standard Chartered announced Thursday the exit of its top two bosses in a radical management reshuffle, as the Asia-focused bank battles...

Hong Kong tycoon Li's firms say profits nearly doubled in 2014 26 Feb 2015 - 08:08 pm

Hong Kong--Hong Kong tycoon Li Ka-shing's two main companies Thursday said earnings nearly doubled in 2014 to their highest point this century, in...

European stocks higher, FTSE and DAX hit record closes 26 Feb 2015 - 08:01 pm

Paris--Europe's main stock markets finished up on Thursday with London's benchmark FTSE 100 index and Frankfurt's DAX 30 index hitting record high closing...

GM, Brazil workers reach deal to end strike: union 26 Feb 2015 - 06:55 pm

Sao Paulo--Some 5,200 workers at a General Motors plant in Brazil ended a nearly weeklong strike on Thursday after reaching a deal with...

Tensions with Germany over 'greedy' Greece's debt 26 Feb 2015 - 05:32 pm

Athens--Fresh tensions emerged Thursday between Greece and Germany as attention turned to Athens's huge debt pile two days after the stricken eurozone country...

Oil market holds steady 26 Feb 2015 - 04:56 pm

London--World oil prices steadied Thursday, following solid gains the previous day, as dealers digested a mixed US energy stockpiles report, analysts said. European...

Italy raises 2.2 bn euros in sale of 5.7% stake in Enel 26 Feb 2015 - 04:46 pm

Milan-Italy raised 2.2 billion euros in a sale of 5.7 percent of electricity company Enel, the economy and finance ministry said Thursday, as...

UAE Etisalat telecom's profit up 26% in 2014 26 Feb 2015 - 03:44 pm

Dubai--UAE telecom giant Etisalat said Thursday its net profit surged 26 percent last year to reach $2.43 billion as the company saw a...

Google unveils reorganization in Europe 26 Feb 2015 - 12:44 pm

New York---Google said Wednesday it was launching a reorganization of its European operations in the face of a tougher regulatory environment. The overhaul...

Morgan Stanley to pay $2.6 bn to settle mortgage bond probe 26 Feb 2015 - 12:37 pm

New York---Morgan Stanley said Wednesday it had reached a preliminary agreement with the Justice Department to pay $2.6 billion to settle a probe...

Qantas back in black after stemming losses 26 Feb 2015 - 12:20 pm

Sydney---Australian carrier Qantas on Thursday swung back into the black after a major shake-up to stem losses, posting a strong first half net...

Dollar slips as Yellen signals steady path on rate hike 26 Feb 2015 - 12:13 pm

New York---The dollar dipped against other major currencies Wednesday as Federal Reserve Chair Janet Yellen hewed to a steady path on interest rates...