Business

Tata in talks to sell UK steel plants to Swiss group Klesch 16 Oct 2014 - 12:50 am

MUMBAI/LONDON: India’s Tata Steel Ltd is in talks to sell loss-making European operations including mills in northern England and Scotland to Geneva-based Klesch...

Drop in oil prices not to impact Qatar: Minister 16 Oct 2014 - 12:49 am

DOHA: The drop in Global oil prices is not going to affect Qatar’s proposed development projects. The market fluctuations will have neither short-term...

Bankers’ allowances breach bonus rule: EU 16 Oct 2014 - 12:49 am

LONDON: New types of allowance paid to bankers are nearly all in breach of the European Union’s cap on bonuses and must be...

China inflation slips to near five-year low 16 Oct 2014 - 12:49 am

BEIJING: China’s consumer inflation slowed more than expected in September to a near five-year low, adding to concerns that global growth is cooling...

Qatar bourse index falls by 182.09 points 16 Oct 2014 - 12:48 am

Doha: Qatar Exchange (QE) index fell 182.09 points yesterday when trading closed at 13,329.02 points. Trading volume increased to 9,748,287 shares from 5,421...

A350 cleared to fly record distance on one engine 16 Oct 2014 - 12:48 am

PARIS/NEW YORK: Airbus has won permission for its twin-engined A350 to fly more than six hours on one engine in the event of...

South Africa outlines oil exploration plans 16 Oct 2014 - 12:47 am

JOHANNESBURG: South African President Jacob Zuma outlined ambitious plans yesterday for oil and gas exploration in coastal waters that he said could contain...

Norsk Hydro customers want ‘green’ aluminium 16 Oct 2014 - 12:45 am

OSLO: Some major customers of Norwegian aluminium maker Norsk Hydro want it to certify metal made with clean hydro power to help a...

IEA cuts oil demand outlook, prices to fall further 15 Oct 2014 - 06:55 am

LONDON: Demand for oil in 2015 will grow far slower than previously forecast as global economies remain weak, the International Energy Agency said...

Qatalum takes part in Dusseldorf event 15 Oct 2014 - 06:54 am

Officials at the Aluminium 2014 event in Dusseldorf. DOHA: Qatalum has participated in the just-concluded “Aluminium 2014” at the 10th World Trade Fair...

MIPCOM in Cannes 15 Oct 2014 - 06:53 am

People visit the MIPCOM in Cannes, southeastern France, yesterday. Held each year on the French Riviera, the audiovisual trade fair brings together the...

Ford to add jobs 15 Oct 2014 - 06:51 am

Ford Motor President of the Americas Joseph Hinrichs with a new 2015 F-150 pick-up truck following a press conference at the Rouge Plant...

Darwin waters down Etihad deal 15 Oct 2014 - 06:50 am

Chief Commercial Officer Christian Schneider of Etihad Regional airline with CEO Maurizio Merlo (right) at a news conference in Zurich yesterday. Etihad Airways,...

Oil rout unrelenting, Brent falls 3pc to under $87 15 Oct 2014 - 06:49 am

NEW YORK: Global oil prices plunged further yesterday, with Brent crude falling almost 3 percent to another post-2010 low after the West’s energy...

Gold retreats from 4-week high 15 Oct 2014 - 06:49 am

NEW YORK: Gold fell yesterday as sharply lower crude oil prices and a dollar rebound prompted the bullion market to take a breather...

Iran ready to live with lower oil prices 15 Oct 2014 - 06:47 am

LONDON: Iran, in a change of tack, is saying it can live with lower oil prices, moving closer to the views of Saudi...

Islamic Bank of Britain appoints CCO 15 Oct 2014 - 06:47 am

Doha: Islamic Bank of Britain Plc (IBB), the UK’s only wholly Shariah-compliant retail bank, announced the appointment of Keith Leach to the newly...

Qatargas announces successful PMP start 15 Oct 2014 - 06:46 am

DOHA: Qatargas has announced the successful start-up of the Plateau Maintenance Project (PMP). The objective of the project is to ensure the production...