Business

European stocks close higher 29 Dec 2014 - 08:46 pm

Eurozone inflation needs to be brought up to the European Central Bank’s target “without delay,” said ECB President Mario Draghi on Friday LONDON...

European stocks slide as Greece fails to elect president 29 Dec 2014 - 07:57 pm

Greece's parliament on Monday failed for a third time to elect a president, forcing early elections in the coming weeks that could see...

Lithuania adopts euro to cement ties with the West 29 Dec 2014 - 07:53 pm

VILNIUS - Lithuania hopes joining the eurozone on January 1 will boost its security at a time of heightened anxiety over Russia, but...

ECB says awaits views from Greek authorities on bailout 29 Dec 2014 - 07:50 pm

A euro logo sculpture stands in front the headquarters of the European Central Bank (ECB) in Frankfurt FRANKFURT - The European Central Bank...

Oil prices climb on Libya violence 29 Dec 2014 - 05:47 pm

Oil prices rise on Libyan violence LONDON - Oil prices rose Monday as fresh violence in crude producer Libya stoked concerns about possible...

EU urges Greek voters to back economic reforms 29 Dec 2014 - 05:09 pm

BRUSSELS - The EU's economic affairs commissioner Pierre Moscovici urged Greek voters Monday to back economic reforms as the country headed for snap...

Struggling Croatia to elect president in run-off 29 Dec 2014 - 05:03 pm

Croatia’s incumbent President Ivo Josipovic casts his ballot at a polling station in Zagreb on December 28, 2014 ZAGREB - Croatia will choose...

Russian economy shrinks for first time since 2009 29 Dec 2014 - 02:15 pm

MOSCOW,--Russia's economy shrank in November for the first time in five years, the government said on Monday, as sliding oil prices and Western...

Athens stock plunges ahead of final presidential vote 29 Dec 2014 - 12:49 pm

ATHENS--Greek stocks plunged at the opening on Monday ahead of a final parliamentary vote to choose a new president and avert a snap...

European stocks open mixed after holiday break 29 Dec 2014 - 11:33 am

LONDON---Europe's main stock market opened mixed on Monday following the holiday break, with London gaining solidly and Frankfurt dipping. London's benchmark FTSE 100...

Oil prices rise on violence in Libya 29 Dec 2014 - 11:28 am

SINGAPORE---Oil prices rose in Asia Monday as fresh violence in Libya stoked concerns about possible supply disruptions, analysts said. West Texas Intermediate for...

QNB wins two customer experience awards 29 Dec 2014 - 01:53 am

QNB official receiving the award. Doha: QNB has won two prestigious awards, “Best Customer Experience — Overall Bank in Qatar”, and “Best Customer...

AirAsia confronts first major crisis 29 Dec 2014 - 01:52 am

KUALA LUMPUR: Malaysian mogul Tony Fernandes (pictured), who transformed a floundering carrier into Asia’s biggest budget airline, faces his first major crisis after...

Al Khaliji gives lessons on private banking at QU 29 Dec 2014 - 01:49 am

Doha: Al Khalij Commercial Bank’s Head of Private Banking Arfat Qayyum addressed students of Qatar University — College of Business and Economics, during...

IBB gets nod to change name to Al Rayan Bank 29 Dec 2014 - 01:32 am

DOHA: Islamic Bank of Britain plc (IBB), the UK’s sole wholly Shariah-compliant retail bank, yesterday announced that formal shareholders’ approval has been granted...

Russia may burn wealth funds in three years 29 Dec 2014 - 01:31 am

Protesters take part in a rally against the banks and the growth of the dollar in central Moscow yesterday. Moscow: Russia, poised to...

Russian airlines face tough time over rouble rout 29 Dec 2014 - 01:28 am

MOSCOW: Their international competitors may be cheering tumbling oil prices, but the collapse in the rouble has meant major financial turbulence for Russian...

$110m allocated for arms exporters 29 Dec 2014 - 01:28 am

MOSCOW: The Russian government said yesterday it has pledged 6bn roubles ($110m) to help arms exporters service loans from domestic banks, in a...