Business

‘Eurozone not in a deflationary cycle’ 31 Mar 2014 - 12:24 am

BERLIN: The eurozone is not in a deflationary cycle and the European Central Bank (ECB) should not overreact to a slowdown in inflation...

Fed to review bank stress test procedures 31 Mar 2014 - 12:24 am

WASHINGTON: The Federal Reserve said it was reviewing the procedures of a closely watched exam banks must pass each year to prove their...

BlackBerry revenue nosedives 64pc 31 Mar 2014 - 12:23 am

TORONTO: BlackBerry Ltd reported a smaller-than-expected loss as new chief executive John Chen slashed costs, but a 64 percent drop in revenue underscored...

DHCOG net profit jumps 178pc 31 Mar 2014 - 12:23 am

DUBAI: Dubai ruler’s flagship company Dubai Holding said yesterday that its unit Dubai Holding Commercial Operations Group (DHCOG) has almost tripled its 2013...

Class action against Apple in e-book suit 31 Mar 2014 - 12:23 am

NEW YORK: A federal judge in New York granted class certification to a group of consumers who sued Apple Inc for conspiring with...

Able Logistics picks Shuaa to manage IPO 31 Mar 2014 - 12:23 am

DUBAI: Dubai freight-forwarding company Able Logistics Group has appointed Shuaa Capital as lead manager and bookrunner for its initial public offering later this...

Weekly Money Market Review with IBQ: Brighter global outlook boosting optimism in US 31 Mar 2014 - 12:21 am

The US dollar was back in favour last week against the low yielding currencies as the slight GDP miss was seen as broadly...

Weekly Commodity Update: Commodities stage fightback from the mid-month wobbles 31 Mar 2014 - 12:21 am

By Ole Hansen (Head of Commodity Strategy, Saxo Bank) Following a mid-month wobble, commodities approached the end of the quarter on a strong...

Protest against austerity 30 Mar 2014 - 08:33 am

A woman covers her ears as the General Confederation of Portuguese Workers union shouts slogans during a demonstration against the austerity measures in...

Peugeot Citroen JV targets 1.5m sales 30 Mar 2014 - 08:32 am

Employees at a production line of a Dongfeng Peugeot Citroen Automobile factory in Wuhan. The Chinese firm and the French carmaker, which have...

QAFAC participates in Gastech event 30 Mar 2014 - 08:31 am

QAFAC team at Gastech Exhibition and Conference 2014 in Seoul. DOHA: Qatar Fuel Additives Company (QAFAC) successfully participated in the four-day ‘Gastech Exhibition...

Barwa Bank net profit up 46pc 30 Mar 2014 - 07:35 am

The Barwa Bank Group leadership team. DOHA: Barwa Bank Group, Qatar’s Shari’ah-compliant banking service provider, has recorded a strong growth in both balance...

Firms target global investors for capital 30 Mar 2014 - 07:31 am

BY SACHIN KUMAR Doha: Trend to raise funds from global investors is gaining momentum in the Mena (Middle East and North Africa) region...

Banking union to boost euro credibility: QNB 30 Mar 2014 - 07:28 am

Doha: The eurozone took another important step two weeks ago to create a banking union. Eurozone leaders agreed to delegate the responsibility of...

GM expands recall of cars to 2.6 million 30 Mar 2014 - 07:27 am

DETROIT: General Motors Co expanded its global recall of cars with defective ignition switches to 2.6 million, adding 971,000 later-model vehicles due to...

PwC is sued for $1bn over MF Global collapse 30 Mar 2014 - 07:27 am

NEW YORK: The administrator of MF Global Holdings Ltd’s bankruptcy plan on Friday sued the auditor PricewaterhouseCoopers (PwC) for at least $1bn over...

Dollar reserve role secure but set to shrink 30 Mar 2014 - 07:26 am

BERLIN: The dollar’s share of central bank reserves may fall by as much as 10-15 percentage points in coming years without threatening its...

Renault-Nissan celebrates 15th anniversary 30 Mar 2014 - 07:26 am

Doha: The Renault-Nissan Alliance yesterday celebrated its 15th anniversary, only days before the global car group launches its next significant wave of integration....