Business

Zimbabwe appeals to AfDB to relax payment arrears terms 23 Feb 2015 - 07:17 pm

Harare--Zimbabwe's finance minister appealed Monday to the African Development Bank to ease the terms on the $566 million it is late in repaying....

Tentative Greek deal sends most European stocks higher 23 Feb 2015 - 06:20 pm

London--Europe's main stosck markets mostly rose Monday after eurozone ministers tentatively agreed to extend Greece's bailout by four months, but London fell on...

Zambia vows takeover if Barrick's mine shuts over new levy 23 Feb 2015 - 05:57 pm

Lusaka--Zambia's new president Edgar Lungu on Monday said the government will act to prevent job losses if Canadian miner Barrick pulls out over...

Ukraine's currency hits new low as central bank tightens controls 23 Feb 2015 - 05:30 pm

Kiev--Ukraine's battered national currency plummeted some 10 percent Monday as the central bank scrambled to strengthen currency controls in its latest bid to...

Spanish, US metallurgy giants announce merger 23 Feb 2015 - 05:01 pm

Madrid--Spanish metallurgy giant FerroAtlantica and its US peer Globe Speciality Metals said Monday they had agreed to merge to form a leading producer...

Asian markets mostly higher on Greek debt deal 23 Feb 2015 - 03:43 pm

Tokyo--Asian stocks broadly rose Monday as investors cheered a tentative deal to extend Greece's bailout, giving Athens a last-minute lifeline to pay its...

HSBC bank boss defends ad bans as 'just common sense' 23 Feb 2015 - 03:03 pm

London--HSBC's boss on Monday responded to reports that the global banking giant had suspended its advertising in two British newspapers because of negative...

Apple to invest 1.7bn euros in Ireland, Denmark data centres 23 Feb 2015 - 02:47 pm

New York--US tech giant Apple said Monday it would invest 1.7 billion euros ($1.9 billion) in two data centres located in Ireland and...

German business confidence inches higher in February: Ifo 23 Feb 2015 - 01:06 pm

Frankfurt--German business confidence rose to its highest level in seven months in February, as Europe's biggest economy remains robust in the face of...

HSBC bank says annual net profits sink 15% to $13.7bn 23 Feb 2015 - 12:39 pm

London--Troubled global bank HSBC said Monday that net profits fell 15 percent last year, hit by fines and mis-selling compensation, and apologised again...

Bank of Japan members cast doubt on inflation target 23 Feb 2015 - 10:49 am

Bank of Japan Tokyo--Three of the nine members of the Bank of Japan's policy board have cast doubt on the feasibility of reaching...

Euro steady after Greece bailout deal 23 Feb 2015 - 10:44 am

Tokyo--The euro held steady Monday after it rallied on news of a last-minute deal to extend Greece's bailout, giving Athens a crucial lifeline...

QIB to raise up to QR5bn through Sukuk 23 Feb 2015 - 01:38 am

Qatar Islamic Bank (QIB) Chairman Sheikh Jassim bin Hamad bin Jassim bin Jaber Al Thani with Vice-Chairman Abdullatif bin Abdulla Al Mahmoud (left)...

Motorcycle Days fair 23 Feb 2015 - 01:32 am

Visitors eye Harley-Davidson motorcycles during the Hamburg Motorcycle Days fair in Hamburg, Germany. The fair ended yesterday.

Al Shaheen Weatherford, StanChart sign agreement 23 Feb 2015 - 01:29 am

Officials at the signing ceremony. DOHA: Standard Chartered Bank Qatar has been awarded the cash management mandate by Al Shaheen Weatherford. The solution...

Commercial Bank names first QMS prize winners 23 Feb 2015 - 01:27 am

The five winners of the Scalextric competition along with officials. DOHA: Commercial Bank has announced the first group of winners from its Qatar...

Greece readies reform promises 23 Feb 2015 - 01:26 am

People walk past a One Euro shop in Athens yesterday. ATHENS: Greece’s government prepared reform measures yesterday to secure a financial lifeline from...

Qatar-Japan consortium to study projects in Turkey region 23 Feb 2015 - 01:24 am

DUBAI: A group of Qatari state-linked investors and three Japanese power firms have signed an agreement to study the possibility of developing projects...