Business

Eurozone companies come home as Asian costs rise 02 Dec 2014 - 01:04 am

MILAN: After years of moving production to Asia, some European companies are following the example of their US counterparts and coming home. Decisions...

Gulf Air unveils new promotion to Shiraz and Hyderabad 02 Dec 2014 - 01:03 am

Doha: Gulf Air, the national carrier of the Kingdom of Bahrain, launched a “Double Miles” promotion offering its FalconFlyer programme members the opportunity...

Asia, Europe factory growth slackens 02 Dec 2014 - 01:03 am

LONDON/SYDNEY: Manufacturing growth across Asia and Europe eased in November as heavy price cutting failed to revive demand, surveys showed yesterday, more evidence...

Brazil airline Azul buys 35 A320neo for $3.6bn 02 Dec 2014 - 01:02 am

PARIS: Upstart Brazilian airline Azul, run by US-Brazilian entrepreneur David Neeleman, is buying 35 fuel-efficient mid-range A320neo planes to expand its operations, according...

Saudi regulator suspends Deloitte from auditing listed companies 02 Dec 2014 - 01:01 am

KHOBAR/RIYADH: Saudi Arabia’s market regulator has suspended the local unit of accountancy firm Deloitte & Touche from doing auditing work for listed firms...

Won-yuan trading market opens in Seoul 02 Dec 2014 - 01:01 am

Seoul: A market to directly trade currencies of South Korea and China, rather than brokering the two currencies with the US dollar, was...

Gold rebounds after early slump on Swiss vote 02 Dec 2014 - 01:00 am

LONDON: Gold rebounded sharply yesterday from the 2 percent losses it posted earlier after Switzerland voted against a proposal to boost its gold...

Gulf markets stabilise after panic sell-off 02 Dec 2014 - 01:00 am

DUBAI: Gulf stock markets steadied and some rebounded yesterday after tumbling a day earlier in response to a plunge in oil prices. Brent...

Qatar stocks rebound, index up 0.75 percent 02 Dec 2014 - 12:59 am

Doha: Qatar stocks rebounded yesterday with the index gaining 95.10 points when the bourse closed trading at 12,855.56 points. Qatar’s benchmark rose 0.8...

Chinese bid goes higher for Club Med 02 Dec 2014 - 12:59 am

PARIS: A Chinese conglomerate, Fosun, has sweetened its bid to win control of French holiday group Club Med, coming in higher than a...

Doha Bank closer to takeover of bank unit in India 30 Nov 2014 - 11:27 pm

The Chairman of Doha Bank, Sheikh Fahad bin Mohammad bin Jabor Al Thani (third left); Managing Director Sheikh Abdul Rahman bin Jabor Al...

Sbarro Event Royale 30 Nov 2014 - 11:22 pm

The front of a ‘Sbarro Event Royale’ car during a preview of the motor show in Essen, Germany. The car is based on...

RasGas, QP hold safety drill 30 Nov 2014 - 11:20 pm

Officials during the crisis management exercise. DOHA: RasGas Company Limited (RasGas) and Qatar Petroleum (QP) recently conducted a large-scale crisis management exercise within...

Gulf stocks hit hard after Opec move 30 Nov 2014 - 11:17 pm

Traders follow the stock market activity at the Kuwait Stock Exchange in Kuwait City yesterday. KUWAIT CITY: Gulf Arab stocks plunged yesterday on...

Lufthansa pilots’ union calls strike 30 Nov 2014 - 11:15 pm

An aerial view of Lufthansa planes parked on the tarmac of Frankfurt’s airport. BERLIN: German pilots’ union VC is calling a strike at...

London auction 30 Nov 2014 - 11:14 pm

Employee Sarah Gubbins with a 1969-70 Porsche 908.02 ‘Flunder’ Langheck Group 6 Racing Sports Prototype at Bonhams auction house in London. The vehicle...

Anti-austerity march in Spain 30 Nov 2014 - 11:13 pm

Anti-austerity demonstrators shout slogans as they take part in a demonstration which organisers have labelled the “Marches of Dignity” in Madrid, Spain.

China sets draft rules for bank deposit insurance 30 Nov 2014 - 11:10 pm

BEIJING: China yesterday issued draft regulations to introduce a bank deposit insurance system for the first time, the latest in a series of...