Business

Cathay Pacific profits soar, competition hurts yields 13 Aug 2014 - 09:54 pm

HONG KONG: Cathay Pacific said yesterday its first-half net profit soared to HK$347m ($44.77m) on higher passenger demand, but the Hong Kong flag...

China July economic data shows weakness 13 Aug 2014 - 09:53 pm

BEIJING: China’s economy showed further signs of softening in July despite a burst of government stimulus measures, suggesting more policy support may be...

G4S overhaul begins to pay off as profits rise 13 Aug 2014 - 09:53 pm

LONDON: G4S, the world’s biggest security company, posted a better-than-expected 6.3 percent rise in first-half profit as new Chief Executive Ashley Almanza’s overhaul...

Tata Steel Q1 profit down, but Europe improves 13 Aug 2014 - 09:53 pm

MUMBAI: India’s Tata Steel Ltd looked to reviving European demand and infrastructure investment by the Indian government to boost sales in coming quarters...

QNB to chip in $800m loan for Travelex buy 12 Aug 2014 - 11:33 pm

A trader works in the Goldman Sachs booth yesterday in New York. DUBAI: Goldman Sachs and Qatar National Bank (QNB) are arranging a...

QE index climbs 1.08pc, market cap soars QR7bn 12 Aug 2014 - 11:31 pm

DOHA: Qatar bourse’s main index climbed 1.08 percent to finish at 13,279 yesterday. Barring consumer sector, all other sector indices gained with the...

Russia to boost trade with Egypt 12 Aug 2014 - 11:30 pm

People walk past a Lefties store in the suburbs of St Petersburg yesterday. Inditex, owner of global fashion chain Zara, has taken its...

Class action over late fees 12 Aug 2014 - 11:29 pm

People walk in front of a branch of Citibank in the central business district of Sydney. An “enormous” class action over credit card...

IEA lowers outlook for oil demand on global unrest 12 Aug 2014 - 11:28 pm

PARIS: Unsteady global economic growth is holding down oil demand and prices despite worries about conflict in key regions, the IEA said yesterday...

Oil hits 9-month low on ample supply 12 Aug 2014 - 11:28 pm

LONDON: Brent crude oil fell below $104 a barrel yesterday, its lowest level in nine months as steady supplies dispelled concerns over potential...

Ukraine currency at record low 12 Aug 2014 - 11:27 pm

KIEV: Ukraine’s national currency fell yesterday to a record low against the dollar, the central bank said, as fierce fighting in the east...

Bank Asya Q2 profit tumbles 81pc 12 Aug 2014 - 10:49 pm

A man uses an ATM of Bank Asya in Istanbul yesterday. ISTANBUL: Turkish Islamic lender Bank Asya said its second-quarter net profit slumped...

Gamescom 2014 fair 12 Aug 2014 - 10:49 pm

A gamer plays on an Xbox One console during the Xbox Play Day 2014, before the Gamescom 2014 fair in Cologne yesterday. The...

Corpbank owner charged with fraud 12 Aug 2014 - 10:47 pm

Depositors at Bulgaria’s Corporate Commercial Bank (CCB) holding signs in front of the Bulgarian National Bank building during a protest demanding access to...

Charges likely on Deutsche Bank co-CEO 12 Aug 2014 - 10:47 pm

MUNICH/FRANKFURT: German prosecutors are seeking charges against Deutsche Bank co-CEO Juergen Fitschen and several former executives at the bank in connection with the...

Gatehouse Bank looks to broaden Islamic revenue streams 12 Aug 2014 - 10:47 pm

London: London-based Gatehouse Bank is developing new business lines and widening its investor base as the Islamic wholesale lender looks to build a...

German investor confidence dips to 20-month low 12 Aug 2014 - 10:46 pm

Berlin: Confidence among German investors nosedived in August amid tensions between Russia and the west which are expected to bring Europe’s largest economy...

Donald Trump plans investment in India betting on Modi government 12 Aug 2014 - 10:42 pm

Donald Trump at the launch of his first project in Mumbai yesterday. MUMBAI: American real estate mogul Donald Trump is planning “substantial investments”...