Business

Burgan Bank to open $353m issue on Sunday 10 Nov 2014 - 12:21 am

DUBAI: Burgan Bank will open subscription for a KD102.6m ($352.5m) rights issue next Sunday it as looks to fund growth plans and boost...

China softens push for FTAAP 10 Nov 2014 - 12:20 am

BEIJING: China has agreed to soften its push for a vast new Asia-Pacific free trade agreement in the face of resistance from the...

Chinese President says risks to economy ‘not that scary’ 10 Nov 2014 - 12:20 am

BEIJING: The risks faced by China’s economy are not that scary and the government is confident it can head off the dangers, President...

HSBC Brazil slashes 1,000 jobs 10 Nov 2014 - 12:20 am

BRASILIA: Layoffs by HSBC bank in Brazil will likely top 1,000 this week, the workers’ union said, after employees staged angry protests against...

Dubai’s Limitless to pledge revenues for $1.2bn debt deal 10 Nov 2014 - 12:19 am

DUBAI: Dubai’s Limitless will pledge its future revenues to service debt repayments as it attempts a second restructuring of a $1.2bn Islamic loan...

Formosa to invest $2bn in US projects 10 Nov 2014 - 12:18 am

TAIPEI: Taiwan’s petrochemical giant Formosa Plastics Group plans to pour another $2bn into its US investment projects as part of efforts to profit...

US eyes China partnership on Africa power 10 Nov 2014 - 12:18 am

JOHANNESBURG: The US is considering partnering with China on improving electricity in Africa and the proposal could be part of bilateral discussions when...

QE index gains 101.63 points 10 Nov 2014 - 12:17 am

Doha: Qatar Exchange (QE) index gained 101.63 points or 0.75 percent when the bourse closed at 13,692.12 points yesterday from 13,590.49 points on...

Gold, silver rout ‘far from over’ 10 Nov 2014 - 12:16 am

NEW YORK: Gold’s rout may be far from over, with many analysts and traders surveyed by Reuters predicting prices could fall to $1,000...

Weekly Commodity Update : Dollar’s ascent piles pressure on commodities as polar vortex looms 10 Nov 2014 - 12:16 am

By Ole S. Hansen (Head of Commodity Strategy, Saxo Bank) Commodity prices remain under pressure across all sectors as the dollar continues to...

Lower oil prices not to hit Qatar’s growth plans: QNB 09 Nov 2014 - 12:48 am

Doha: Qatar’s large infrastructure investment programme would be sustainable, even if oil prices fell considerably further, QNB Group said in its weekly report. ...

China, Canada in $33bn currency swap 09 Nov 2014 - 12:45 am

Canada’s Minister of International Trade Ed Fast (left) shakes hands with a Chinese official as Canada’s Prime Minister Stephen Harper (second left) and...

Home Centre launches latest catalogue 09 Nov 2014 - 12:44 am

Santosh Pai (right), COO, Landmark Group with Marketing Manager Rajgopal R and Home Centre Concept Manager Avirup Chandra at the launch of the...

Qapco shares history as it marks 40th year by honouring employees 09 Nov 2014 - 12:44 am

Doha: Qapco turns 40 today. On its anniversary, Qatar Petrochemical Company (Qapco) QSC, one of the leading petrochemical powerhouses in the region and...

China nod for $113bn infrastructure projects 09 Nov 2014 - 12:43 am

BEIJING: China approved more than $100bn worth of infrastructure projects in late October and early November, state media said yesterday, in a bid...

Detroit recovery plan 09 Nov 2014 - 12:42 am

An October 3, 2013 file picture shows Detroit’s Frederick Douglass Homes, the nation’s first public housing project, being demolished with the help of...

Puma profits fall 09 Nov 2014 - 12:42 am

A Puma sports shoe on display at the company’s headquarters in Herzogenaurach, southern Germany. Puma said its profits fell in the third quarter,...

UK prepares forex fines for six banks 09 Nov 2014 - 12:37 am

LONDON: British regulators investigating allegations of collusion and manipulation in the foreign exchange market could fine a group of six banks as early...