Business

Saudi crown prince blames weak growth for oil 'tensions' 06 Jan 2015 - 04:14 pm

Crown Prince Salman Riyadh--A weak global economy is the main reason for "tensions" in world oil markets, Saudi Arabia's crown prince said on...

Euro hits 9-year low on eurozone worries, falling oil 06 Jan 2015 - 10:42 am

NEW YORK---The euro sank against the dollar to the lowest level in nearly nine years Monday as investors worried about a possible Greek...

Solar plane to leave Switzerland ahead of round-the world trip 06 Jan 2015 - 10:34 am

PAYERNE, Switzerland---A sun-powered plane was loaded onto a cargo carrier in Switzerland late Monday heading for the Middle East from where it will...

Strong December sales cap solid year for US automakers 06 Jan 2015 - 10:24 am

NEW YORK---US automakers reported strong December domestic sales Monday to cap off a solid year of growth, with consumers still readily buying cars...

Oil extends crash into new year; Brent at $53 06 Jan 2015 - 04:29 am

NEW YORK: The selloff in global oil markets showed little signs of slowing in the new year, falling as much as 6 percent...

QE downward trend continues, index slips below 12,000 levels 06 Jan 2015 - 04:28 am

DOHA: Qatari bourse extended its bearish trend to fifth straight session yesterday. The benchmark index fell 1.91 percent to 11,995 points on profit-taking....

Preparing for CES 06 Jan 2015 - 04:27 am

Daniel Cervantes of Detail Werks cleans a 2015 Ford Mustang in preparation for the 2015 International Consumer Electronics Show (CES) at Las Vegas...

China stocks at five-year high 06 Jan 2015 - 04:26 am

An investor looks at a computer screen showing stock information at a brokerage house in Shanghai yesterday. China stocks surged to their highest...

Amira Foods enters Qatar in GFT deal 06 Jan 2015 - 01:49 am

DOHA: Amira Foods, the company that has made Amira Rice an international brand is officially establishing its presence in Qatar announcing a strategic...

Volvo acquires 45 percent of Chinese firm 06 Jan 2015 - 01:48 am

STOCKHOLM: Swedish truck maker Volvo Group said yesterday it had completed the acquisition of 45 percent of a subsidiary to Chinese motor giant...

Fed may not raise rates in 2015: Gross 06 Jan 2015 - 01:48 am

NEW YORK: The Federal Reserve could find itself challenged to raise US interest rates this year as global growth remains sluggish and inflation...

Big UK firms plan to raise investments despite risk: Deloitte 06 Jan 2015 - 01:47 am

LONDON: Major British businesses plan to step up investment this year despite seeing increased risks from May’s general election and a softer economic...

KeyBS signs franchise deal with KBS Qatar 06 Jan 2015 - 01:46 am

DOHA: KeyBS, a leading technology provider for financial institutions, which recently entered into a franchise agreement with KBS Qatar, has announced to install...

Russian shale beating US is ONGC’s last bet 06 Jan 2015 - 01:46 am

New Delhi: Oil & Natural Gas Corp, India’s biggest energy explorer, is banking on the world’s largest shale oil reserves to save its...

JPMorgan more valuable if broken apart: Goldman 06 Jan 2015 - 01:46 am

New York: JPMorgan Chase & Co’s parts are probably worth more to investors than the whole after regulators proposed tougher rules penalising firms...

German inflation slows, boosting case for ECB move 06 Jan 2015 - 01:44 am

FRANKFURT: Inflation in Germany, Europe’s biggest economy, hit a five-year low in December, data showed yesterday, turning up the heat on the European...

India plans to raise $10.2bn in spectrum auction 06 Jan 2015 - 01:44 am

New Delhi: The Indian government plans to raise Rs648.4bn ($10.2bn) selling telecommunications airwaves as it seeks to narrow the budget deficit to a...

Turkey inflation up at 8.17pc 06 Jan 2015 - 01:43 am

ISTANBUL: Annual inflation in Turkey ticked up to 8.17 percent in 2014, slightly higher than 2013 and well over the central bank’s medium-term...