Business

Russia to impose wheat export duty from February 26 Dec 2014 - 02:43 pm

MOSCOW---Russia has said it will from February apply a duty of at least 35 Euros ($43) per tonne of wheat sent for export...

QE index gains 1,267.40 points past week 26 Dec 2014 - 04:08 am

Doha: Qatar Exchange index gained 1267.40 points, or 11.33 percent past trading week when the bourse closed yesterday at 12,449.05 points. The index...

Saudi lifts spending in 2015 budget 26 Dec 2014 - 12:34 am

Saudi Crown Prince Salman bin Abdulaziz (centre) chairing a cabinet session in Riyadh to approve the state’s budget for 2015. DUBAI: Saudi Arabia...

Russia says currency crisis over 25 Dec 2014 - 03:48 pm

MOSCOW-- Russia said its currency crisis was over on Thursday but warned that inflation is set to climb above 10 percent, adding to...

Egyptian pound steady on official and unofficial markets 25 Dec 2014 - 01:33 pm

CAIRO-- The Egyptian pound held steady at a central bank dollar sale on Thursday and on the black market. The bank offered $40...

Chinese shares jump on corporate support policies 25 Dec 2014 - 01:05 pm

SHANGHAI---Chinese shares rose Thursday after the government announced new corporate support policies aimed at boosting the economy, dealers said. The benchmark Shanghai Composite...

Turkey's 2014 wheat, barley production falls 25 Dec 2014 - 12:28 pm

ISTANBUL-- Turkey's grain production fell in 2014, official figures showed on Thursday, hit by the Middle East's driest weather in more than a...

Vietnam capital air capacity to double 25 Dec 2014 - 11:58 am

HANOI-- Vietnam has started operating a new $900 million airport terminal that will nearly double the capital's flight capacity, the latest move in...

IHI and Toshiba selected as co-researchers in R&D 25 Dec 2014 - 11:50 am

TOKYO---IHI Corporation ("IHI”) and Toshiba Corporation ("Toshiba”) have been selected by Japan’s New Energy and Industrial Technology Development Organization ("NEDO”) as co-researchers in...

Citigroup selling its Japan retail bank business 25 Dec 2014 - 11:29 am

TOKYO--Citigroup said Thursday it was selling its century-old Japanese retail banking operations to major lender Sumitomo Mitsui as part of an effort to...

Tokyo stocks open 0.28% lower 25 Dec 2014 - 11:25 am

TOKYO---Tokyo stocks opened 0.28 percent lower on Thursday as the yen's fall against the dollar took a breather. The Nikkei 225 index at...

Serbia's parliament adopts 2015 budget 25 Dec 2014 - 10:47 am

Serbia's parliament BELGRADE--After 19 hours of debate, Serbia's parliament adopted a 2015 budget early on Thursday, setting the consolidated deficit at 191.3 billion...

Uganda takes on the chocolate market 25 Dec 2014 - 09:47 am

MUKONO, Uganda--On a sprawling, lush cocoa plantation in Mukono outside the Ugandan capital Kampala, farmers have been sampling chocolate for the first time...

Dollar gives back some gains from US GDP bounce 24 Dec 2014 - 11:44 pm

NEW YORK - The dollar Wednesday gave back some of its gains from the prior day's advance following a strong US economic report....

Dow edges to new record; US stocks mostly up 24 Dec 2014 - 11:12 pm

NEW YORK - The Dow edged Wednesday to a fresh record in a holiday-shortened session, one day after topping 18,000 points for the...

Saudi issues 'final warning' on high-speed rail project 24 Dec 2014 - 10:57 pm

JEDDAH, Saudi Arabia - Saudi Arabia has given a "final warning" to avoid delays on an $8.2 billion high-speed rail project which Spanish...

Dow edges to new record, S&P 500 essentially flat 24 Dec 2014 - 10:53 pm

Futures Edge up After Record High for Dow, S&P 500 NEW YORK - The Dow Wednesday edged to a fresh record in a...

Italy moves to temporarily nationalise troubled steel plant 24 Dec 2014 - 09:59 pm

The site in Taranto in the Puglia region of southern Italy will be nationalised under a decree adopted by the cabinet, with the...