Business

S.Korea keeps interest rate at 2.0 percent 17 Feb 2015 - 10:25 am

Seoul---South Korea's central bank on Tuesday kept its benchmark interest rate unchanged at a record-equalling low of 2.0 percent for the fourth straight...

Japanese move to counter shifts in key US market 17 Feb 2015 - 10:06 am

Chicago---With car sale booming and the spring sales season about to get underway, Japanese and Korean carmakers are feeling the pressure from their...

Euro weakens as Greek debt talks collapse 17 Feb 2015 - 09:41 am

Tokyo---The euro lost more ground in Asia on Tuesday after talks between Greece and its creditors collapsed, fanning fears that the country will...

Greece handed ultimatum as eurozone bailout talks collapse 17 Feb 2015 - 09:31 am

Greek Finance Minister Yanis Varoufakis Brussels---Eurozone ministers have handed Greece an ultimatum to request an extension to its bailout programme after crunch talks...

Total board meet reviews financials 17 Feb 2015 - 04:05 am

PARIS: The Board of Directors of Total met on February 11, 2015 under the chairmanship of Thierry Desmarest, Chairman of the Board of...

Al Sada hopeful of oil market as prices surge 17 Feb 2015 - 01:30 am

H E Dr Mohammed bin Saleh Al Sada, the Minister of Energy and Industry, and other officials at the meeting. DOHA: H E...

GWC AGM approves dividend distribution 17 Feb 2015 - 01:27 am

GWC Chairman Sheikh Abdulla bin Fahad bin Jassem bin Jabor Al Thani (centre) with other officials at the AGM yesterday. Salim Matramkot BY...

Al Sada calls for technological innovation 17 Feb 2015 - 01:25 am

H E Dr Mohammed bin Saleh Al Sada, the Minister of Energy and Industry, opening METS with other officials. DOHA: Developing next generation...

Oil gains on Libya violence, Kurdish threat 17 Feb 2015 - 01:24 am

LONDON/NEW YORK: Oil prices rose to their highest in nearly two months yesterday, supported by concerns over escalating conflict with Islamic State militants...

Qatari household investable assets touch $172bn 17 Feb 2015 - 01:22 am

By Satish Kanady DOHA: Qatari households’ estimated net investable assets touched $153bn-$172bn range in 2014. As segment distribution of the assets shows the...

Commercial Bank offers dividend distributions for key companies 17 Feb 2015 - 01:20 am

DOHA: Commercial Bank, one of the leading full service banks in Qatar, will begin the season of dividend distributions by again providing an...

Greece debt talks collapse 17 Feb 2015 - 01:17 am

German Finance Minister Wolfgang Schaeuble and French counterpart Michel Sapin (right) arrive at a eurozone finance ministers meeting in Brussels yesterday. BRUSSELS: Greece...

Qatar stocks close 87.45 points lower 17 Feb 2015 - 01:10 am

Doha: Qatar Stock Exchange index yesterday dropped 87.45 points, or 0.69 percent when it closed at 12,605.46 points from Sunday’s position of 12,692.91...

Japanese economy crawls out of recession 17 Feb 2015 - 01:09 am

Pedestrians walk through Ginza shopping district in Tokyo yesterday. The Japanese economy recorded its first growth in three quarters as it expanded at...

Kuwait hails faster than expected oil price rally 16 Feb 2015 - 08:42 pm

Kuwait City--Kuwaiti Oil Minister Ali al-Omair said Monday that world crude prices have recovered "faster" than expected and that recent gains will likely...

Japan, S. Korea to end currency swap pact: BOK 16 Feb 2015 - 07:29 pm

Seoul--A 14-year-old currency swap accord between Japan and South Korea will not be renewed when it expires later this month, the Bank of...

Greece, eurozone in high-stakes debt stand-off 16 Feb 2015 - 05:12 pm

Brussels--Greece and its sceptical eurozone partners traded barbs Monday over rewriting the country's massive bailout programme, deepening a bitter stand-off ahead of a...

Norwegian oil exports plunge as crude crisis hits 16 Feb 2015 - 04:09 pm

Oslo--Norway's oil exports have plunged by more than a half since early 2014, authorities said Monday as deeply depressed crude prices dragged down...