Business

US carmakers eye Russia for growth 20 Apr 2014 - 01:21 am

DETROIT: Never mind the Ukraine crisis and Washington’s sanctions against Moscow: US carmakers say the Russian market is their next big frontier. Russia...

RWE profits to stabilise beyond 2014 20 Apr 2014 - 01:20 am

Employees arrive at the headquarters of German utility RWE in Essen. RWE said its profits will stabilise beyond 2014, though at a lower...

Qatar GDP projected to hit $230bn 20 Apr 2014 - 01:19 am

DOHA: Given Qatar’s projected 6-7 percent growth rate for 2014-15, the countries GDP is expected to touch an estimated $230bn in the current...

VW to add capacity in China, eyes budget car 20 Apr 2014 - 01:18 am

BEIJING: Volkswagen will keep adding capacity in China as the German group is counting on double-digit growth in the biggest auto market, helped...

QCB Governor in Seoul to boost bilateral relations 20 Apr 2014 - 01:18 am

Seoul: Governor of Qatar Central Bank (QCB) H E Sheikh Abdullah bin Saud Al Thani yesterday arrived in Seoul on a two-day visit,...

Android gains in US, basic phones almost extinct 20 Apr 2014 - 01:16 am

WASHINGTON: The Google Android platform grabbed the majority of mobile phones in the US market in early 2014, as consumers all but abandoned...

IMF restores investor confidence in Mena 20 Apr 2014 - 01:14 am

Doha: The International Monetary Fund (IMF) has been successful in recent years in restoring confidence in several Middle East and North Africa (Mena)...

QIB opens new branch in Al Shahaniya 20 Apr 2014 - 01:13 am

DOHA: As part of its expansion strategy, Qatar Islamic Bank (QIB) has opened a new state-of-the-art branch in Al Shahaniya city, right next...

Progress but no deal in US-Japan TPP trade talks 20 Apr 2014 - 01:13 am

WASHINGTON: The United States said there had been progress but no final deal in talks with Japan that are crucial to advancing the...

Nakilat hosts gas transportation event 20 Apr 2014 - 01:13 am

DOHA: Qatar Gas Transport Company (Nakilat) yesterday announced to have successfully hosted and chaired the Middle East Regional Forum of the Society of...

Mt Gox CEO won’t appear in US 20 Apr 2014 - 01:12 am

New York: Mark Karpeles, the chief executive of Mt Gox, said he would not come to the United States to answer questions about...

Kuwait Finance House Q1 net profit up 13pc, misses target 20 Apr 2014 - 01:12 am

KUWAIT: Kuwait Finance House (KFH), the country’s biggest Islamic lender, reported a 13 percent rise in first quarter net profit yesterday, missing analyst...

China’s cooling property market a risk to growth 20 Apr 2014 - 01:12 am

BEIJING: China’s property market could threaten Beijing’s plan to manage a slowdown in growth, as evidence mounts of a rapid cooling in what...

Armani settles tax row for €270m 20 Apr 2014 - 01:11 am

ROME: Giorgio Armani settled a tax dispute in Italy by paying €270m, Italian business daily Il Sole 24 Ore reported on Friday. The...

US-focused stock funds post $7.1bn outflow: BofA 20 Apr 2014 - 01:11 am

NEW YORK: Fund investors worldwide pulled $7.1bn out of US-focused stock funds in the week ended Tuesday while putting cash into Japanese and...

No IRS audits for big firms 20 Apr 2014 - 01:11 am

WASHINGTON: Fewer than 1 percent of partnerships with more than $100m in assets, including hedge funds and private equity firms, are audited by...

Amazon’s tax-free European profits drop 20 Apr 2014 - 01:10 am

LONDON: The amount of money Amazon.com Inc reports through a tax-exempt vehicle in Europe has dropped sharply in the past two years, even...

Biomass-fuelled power plant 19 Apr 2014 - 07:04 am

An employee checks energy production at the Pannonpower power plant operated by the Dalkia group in Pecs. The southern Hungarian city of Pecs...