Business

China to beat shale gas output target 03 Mar 2014 - 12:58 am

Beijing: China is set to beat its shale gas production target in 2015, after one of the country’s major oil firms moved a...

Kepco to cut $13.8bn debt over next three years 03 Mar 2014 - 12:58 am

Seoul: Korea Electric Power Corp (Kepco), South Korea’s state-run energy company under pressure to improve its financial health, said yesterday that it will...

Fiat’s revival plan hits Italian hurdle 03 Mar 2014 - 12:57 am

MILAN/PARIS: Idle plants, surly unions and a weak, ageing model line-up — the challenges facing Fiat Chrysler’s Italian revival sound a lot like...

US regulators close two small lenders 03 Mar 2014 - 12:57 am

WASHINGTON: Regulators have closed small lenders in Virginia and Pennsylvania, bringing US bank failures this year to five after 24 closures in 2013....

Hiring expectation high in non-hydrocarbons 02 Mar 2014 - 02:15 am

Sheikh Mohammad bin Faisal bin Qassim Al Thani (centre) and Yousef M Al Jaida of Qatar Financial Centre (left) with Sara Abdullah of...

S&P 500 at new high 02 Mar 2014 - 02:13 am

Traders on the floor of the stock exchange on Friday in New York City. US stocks Friday finished mostly higher with the S&P...

Iraq oil exports hit record in Feb 02 Mar 2014 - 02:13 am

A view of Basra refinery BASRA: Oil exports from Iraq rose to a record 2.8 million barrels per day (bpd) on average in...

Air Arabia starts new Egypt flights 02 Mar 2014 - 02:11 am

Senior officials celebrate the launch of Air Arabia’s flights. Doha: Air Arabia, the Middle East and North Africa’s first and largest low-cost carrier,...

Digital attack 02 Mar 2014 - 02:10 am

A Sears store is seen in Coral Gables, Florida. According to reports the US Secret Service is investigating a possible digital attack at...

Digital attack 02 Mar 2014 - 02:09 am

A Sears store is seen in Coral Gables, Florida. According to reports the US Secret Service is investigating a possible digital attack at...

No for union 02 Mar 2014 - 02:08 am

A general view of the Volkswagen plant in Chattanooga, Tennessee. An anti-union workers’ group moved to undercut a United Auto Workers challenge of...

Job fair 02 Mar 2014 - 02:06 am

A job seeker looks at employment information during a job fair at Shanghai Stadium in Shanghai yesterday.

Fraud at Citi’s Mexican unit 02 Mar 2014 - 02:06 am

A man walks in front of a Banamex advertisement in Mexico City yesterday. Citigroup Inc said it discovered fraudulent loans in its Mexico...

FIIs buy QR2.5bn in equities in 2013 02 Mar 2014 - 01:56 am

DOHA: Buoyed by the MSCI and S&P Dow Jones’ decision to upgrade the Qatari market, foreign institutional investors (FIIs) were bullish and turned...

No need to panic over Ukraine economy: IMF 02 Mar 2014 - 01:55 am

WASHINGTON: International Monetary Fund chief Christine Lagarde urged calm over Ukraine’s economic situation as talks on cobbling together international aid for the country...

Mannai’s profit up 16.3 percent 02 Mar 2014 - 01:55 am

DOHA: Mannai Corporation Group’s net profit grew by 16.3 percent to QR539m in 2013. International acquisitions contributed 61 percent of net profit. The...

Upbeat Buffett eyes big buys after record Berkshire profit 02 Mar 2014 - 01:55 am

NEW YORK: Warren Buffett’s Berkshire Hathaway Inc yesterday signalled plans to make more large acquisitions to expand a conglomerate that posted a record...

Soros in Spanish property investment 02 Mar 2014 - 01:54 am

MADRID: Hedge fund managers George Soros and John Paulson have both taken a ¤92m ($127m) stake in a new Spanish property investment vehicle...