Business

Oil market slides in subdued deals 24 Dec 2014 - 03:15 pm

LONDON-- Oil prices fell in thin pre-holiday trade Wednesday, but analysts said losses were curbed by upbeat sentiment over a strong US economic...

France strikes record unemployment high, again 24 Dec 2014 - 02:40 pm

PARIS-- Unemployment in France hit a new record in November, with official statistics published Wednesday showing 3.488 million people claiming jobless benefits. The...

India hikes insurance investment cap 24 Dec 2014 - 02:30 pm

NEW DELHI-- India's cabinet on Wednesday approved an executive decree to hike foreign investment in the funds-starved insurance sector, bypassing squabbling lawmakers to...

Rupee down 20 paise against dollar in early trade 24 Dec 2014 - 01:11 pm

MUMBAI-- The rupee depreciated by 20 paise to 63.48 against the US currency in early trade on Tuesday at the interbank foreign exchange...

BAE Systems wins $1.2bn US contract 24 Dec 2014 - 11:55 am

LONDON-- British defence group BAE Systems announced Wednesday that it has won a contract potentially worth $1.2 billion (984 million euros) to start...

Bank RBS freezes 18 bonuses in forex rigging probe 24 Dec 2014 - 11:29 am

LONDON--The Royal Bank of Scotland has withheld the bonuses of 18 staff members under investigation for possible roles in rigging the foreign exchange...

Asian markets cheered by Wall Street rally 24 Dec 2014 - 10:33 am

HONG KONG--Asian markets mostly rose on Wednesday, after stellar growth figures from the world's top economy powered US shares to record highs. Tokyo...

Oman promises to boost tourism 24 Dec 2014 - 09:52 am

MUSCAT--From desert camping to luxury hotels, turtle-watching, and even the Arabian Peninsula's first Italian-style opera house, Oman is hoping to carve out a...

Opec won’t cut output even at $20: Saudi 24 Dec 2014 - 12:33 am

RIYADH: Opec will not cut oil production even if the price drops to $20 a barrel and it is unfair to expect the...

RasGas, KOGAS team up on CSR project for Korean city 24 Dec 2014 - 12:29 am

Caption DOHA: As part of its ongoing CSR programme, RasGas and Korea-based KOGAS held a special event to mark the opening of the...

Informal capital controls arrest rouble’s plunge 24 Dec 2014 - 12:22 am

MOSCOW: The rouble hit its highest levels in two weeks yesterday, shored up by informal capital control measures designed to head off a...

UK households drive economy 24 Dec 2014 - 12:19 am

A shopper passes a man dressed as Santa Claus, in the run-up to Christmas, in central London yesterday. Britain’s economy relied more heavily...

MPHC board will discuss dividends on Jan 7 24 Dec 2014 - 12:16 am

DOHA: Mesaieed Petrochemical Holding Company (MPHC) yesterday announced that the Board of Directors of the company will hold a meeting on January 7...

GIS board meet on Jan 7 dividend payout 24 Dec 2014 - 12:16 am

DOHA: Gulf International Services Company yesterday announced that its board of directors will held a meeting on January 7, 2015 (Wednesday) to discuss...

Gulf markets’ rebound stalls; QE index down 1.91pc 24 Dec 2014 - 12:15 am

Doha: Most Gulf stock markets fell yesterday, ending a rally of several days, after the Brent oil price pulled back to near $60...

Bank dealmakers set for bonus cheer, bond traders not so much 24 Dec 2014 - 12:15 am

LONDON: Investment bankers working on corporate takeovers and share issues can expect good news on bonuses when they return from the holidays after...

US third quarter growth highest in 11 years 24 Dec 2014 - 12:14 am

Caterpillar CEO Douglas Oberhelman (centre) rings the opening bell to start the trading day at the New York Stock Exchange in New York....

Some Opec members see oil back above $70 by end-2015 23 Dec 2014 - 11:39 pm

ABU DHABI: Arab Opec producers expect global oil prices to rebound to between $70 and $80 a barrel by the end of next...