Business

Brent and US crude futures jump over $1 a barrel 15 Aug 2014 - 09:42 pm

NEW YORK: Brent and US crude futures jumped more than $1 a barrel yesterday on news that Ukraine forces engaged a Russian armoured...

Dollar steady after Russia calls for end to Ukraine crisis 15 Aug 2014 - 09:42 pm

TOKYO: The dollar held steady in Asia yesterday on easing concerns over the situation in Ukraine as Russian President Vladimir Putin called for...

Fiat Chrysler growth plan challenged by possible merger delay 15 Aug 2014 - 09:41 pm

MILAN: Sergio Marchionne has shown he is determined to let nothing stand in the way of Fiat’s merger with Chrysler, but a share...

Kurds sell third oil cargo, fourth heads to Croatia 15 Aug 2014 - 09:41 pm

LONDON: Iraqi Kurdistan has delivered its third major cargo of crude oil out of a Turkish port and a fourth is sailing to...

BHP Billiton flags demerger plans 15 Aug 2014 - 09:40 pm

SYDNEY: Global mining giant BHP Billiton yesterday said it could spin-off unwanted assets to focus on top tier commodities such as iron ore,...

Qatar index dips from 10-week high; technicals remain upbeat 14 Aug 2014 - 10:11 pm

Doha: Qatar’s index, which had climbed 1.8 percent in active trade to a 10-week peak on Wednesday, fell 0.1 percent yesterday as volume...

Wal-Mart slashes profit forecast 14 Aug 2014 - 10:10 pm

A Wal-Mart Stores Inc company distribution centre in Bentonville, Arkansas. WASHINGTON: Wal-Mart Stores lowered its 2014 profit outlook yesterday as it turns toward...

RWE profit falls 40pc 14 Aug 2014 - 10:09 pm

The headquarters of German utility RWE in Essen. RWE said its operating profit fell 40 percent in the first half of 2014, putting...

Indian court grants jailed tycoon time to sell hotels for bail money 14 Aug 2014 - 10:09 pm

A file picture of Chairman of India’s Sahara Group Subrata Roy at a press conference in Kolkata. NEW DELHI: Jailed Indian business tycoon...

Qualcomm denies monopoly allegations 14 Aug 2014 - 10:08 pm

Visitors walk past the Qualcomm stand at a meet. BEIJING: Qualcomm Inc, under investigation for possible monopolistic practices in China, said it had...

Eurozone economy grinds to halt 14 Aug 2014 - 10:07 pm

BERLIN/BRUSSELS: Eurozone economic growth ground to a halt in the second quarter as Germany’s economy shrank and France’s stagnated. The zero growth reported...

BMW’s Chinese dealers fined over price-fixing 14 Aug 2014 - 10:05 pm

BEIJING: Four Chinese dealers for German auto maker BMW have been fined about 1.6m yuan ($260,000), authorities have said, as the government steps...

Finnish firms see hit from Russia sanctions 14 Aug 2014 - 10:05 pm

HELSINKI: Almost half of Finland’s companies are being hurt by the sanctions the European Union and Russia have imposed on each other over...

India wholesale inflation eases 14 Aug 2014 - 10:04 pm

NEW DELHI: India’s wholesale price inflation hit a five-month low in July, data showed yesterday, but steep retail price growth means the central...

Berkshire Hathaway stock hits $200,000 14 Aug 2014 - 10:04 pm

New York: Berkshire Hathaway Inc’s share price yesterday crossed $200,000 for the first time, the latest milestone for the company that Warren Buffett...

Argentina calls hedge funds an ‘international mafia’ 14 Aug 2014 - 10:02 pm

BUENOS AIRES: The hedge funds suing Argentina over its 2002 debt default are an “international mafia” out to wreck the country’s finances, the...

QE index extends rally, jumps 243.52 points 13 Aug 2014 - 11:04 pm

Doha: Propelled by industrial and telecom sectors’ good run, Qatar Exchange index yesterday jumped 243.52 points, or 1.83 percent, to close at 13,522.79...

Debt market sees growth rebound in GCC 13 Aug 2014 - 10:46 pm

By Satish Kanady DOHA: The GCC debt markets in 2014 had an active second quarter, particularly in corporate bonds and sukuk. The region’s...