Business

ECB holds rates steady, seen acting next year 05 Dec 2014 - 09:49 am

FRANKFURT: The European Central Bank yesterday announced it was ready to act early next year should the euro area show signs of tipping...

Qatar to reduce public borrowings 05 Dec 2014 - 09:48 am

By Satish Kanady DOHA: Though subtle, Qatar is heading to make an important shift in management of its economy which is likely to...

Qatar bourse gains 1.08pc; but weekly loss stands at 4.37pc 05 Dec 2014 - 09:48 am

DOHA: Qatar bourse gained 1.08 percent yesterday to close the week at 12,748. Industrials and Telecoms sectors were the top gainers. Qatar Exchange...

Britain promises oil industry tax cuts 05 Dec 2014 - 09:48 am

LONDON: The British government promised its oil and gas industry yesterday that it would cut tax rates in the sector to help dampen...

Qatar fund, Brookfield raise Songbird bid 05 Dec 2014 - 09:47 am

LONDON: Qatar’s sovereign wealth fund and Brookfield Property Partners upped their bid for Canary Wharf-owner Songbird Estates, just hours before a deadline for...

ECB holds rates steady, seen acting next year 05 Dec 2014 - 09:47 am

FRANKFURT: The European Central Bank yesterday announced it was ready to act early next year should the euro area show signs of tipping...

SoftBank pumps $250m in Uber rival GrabTaxi 05 Dec 2014 - 09:47 am

SINGAPORE: Japanese telecom giant SoftBank will invest $250m in Southeast Asian mobile taxi booking app GrabTaxi, the two firms said, as rivalry in...

Toyota expands Takata air bag recall in Japan and China 05 Dec 2014 - 09:46 am

TOKYO: Toyota Motor Corp said it would call back 190,000 more vehicles to replace potentially defective air bags made by Takata Corp, and...

Starbucks spreading out with food and technology to boost US growth 05 Dec 2014 - 09:46 am

SEATTLE: Starbucks Corp, aiming to give cooling US traffic a jolt, yesterday announced it will add alcohol and evening snacks to thousands of...

EU launches probe into Orange bid for Jazztel 05 Dec 2014 - 09:46 am

BRUSSELS: The EU launched an in-depth probe into the €3.4bn acquisition of Spanish telecom Jazztel by French giant Orange to see if it...

ARTIC buys The Manhattan at Times Square Hotel 04 Dec 2014 - 08:33 am

Officials at the acquistion ceremony. DOHA: Al Rayyan Tourism and Investment Company (ARTIC), the international hospitality subsidiary of Al Faisal Holding Company, one...

Dahej receives first RasGas cargo vessel 04 Dec 2014 - 08:31 am

Mekaines, the first Q-Max LNG vessel, on its journey to berth at the newly expanded Dahej LNG terminal in India. DOHA: The Q-Max...

The Chartered Accountants of Sri Lanka meet 04 Dec 2014 - 08:25 am

Participants at the meeting of The Chartered Accountants of Sri Lanka, Qatar Chapter in Doha. The chapter hosted a presentation followed by a...

Brazilian oil giant corruption probe 04 Dec 2014 - 08:24 am

Former directors of Brazil’s state-run Petrobras oil company react during a confrontation session, in a congressional committee that is investigating allegations of corruption...

Britain misses deficit target in pre-poll budget 04 Dec 2014 - 08:17 am

Britain’s Chancellor of the Exchequer George Osborne (left) and Chief Secretary to the Treasury Danny Alexander leave the Treasury to present the Autumn...

Kazakh central bank sees no pressure to devalue tenge after rouble rout 04 Dec 2014 - 08:14 am

LONDON: Kazakhstan is under no pressure to devalue the tenge despite a large drop in value by neighbouring Russia’s rouble and in global...

IMF chief in Peru 04 Dec 2014 - 08:13 am

International Monetary Fund Managing Director Christine Lagarde (left) talks to Peru’s President Ollanta Humala in Lima. The IMF chief thanked Peru for its...

Oil producers pump more while urging Opec cut: Kuwait 04 Dec 2014 - 08:06 am

KUWAIT CITY: Kuwait accused oil-producing countries that had urged Opec to cut its output, in a bid to curb sliding prices, of doing...