Business

Milaha 2013 net profit up 14pc at QR950m 02 Mar 2014 - 01:54 am

DOHA: Qatar Navigation (Milaha) recorded a net profit of QR950m for the full-year 2013 against QR835m for the same period in 2012, an...

Mt Gox files for bankruptcy, hit with lawsuit 02 Mar 2014 - 01:54 am

TOKYO: Mt Gox, once the world’s biggest bitcoin exchange, filed for bankruptcy protection in Japan on Friday, saying it may have lost nearly...

EU inflation stabilises in ‘danger zone’ 02 Mar 2014 - 01:19 am

BRUSSELS: Eurozone inflation stabilised in the European Central Bank’s “danger zone” in February but did not fall as expected, making it less likely...

Ageing impacts growth: QNB 02 Mar 2014 - 01:19 am

Doha: Ageing population has a direct impact on economic performance, fiscal policy and asset allocation. It is also a critical indicator for long-term...

Portugal sees brighter economic outlook 02 Mar 2014 - 01:19 am

LISBON: Portugal passed the penultimate review of its fiscal and economic performance under an EU/IMF bailout, and the government raised its forecast for...

US consumer sentiment up 02 Mar 2014 - 01:19 am

NEW YORK: Consumer sentiment rose marginally in February even as concerns about the extreme weather persisted, a survey released showed. The Thomson Reuters/University...

Al Khaliji lead participant at UAE conference 02 Mar 2014 - 01:18 am

Doha: Al Khalij Commercial Bank was a leading participant at the recently held Syndicated Lending Middle East conference on ‘Financing in a New...

US Fed may let inflation run high to meet goals 02 Mar 2014 - 01:18 am

NEW YORK: The US Federal Reserve should be willing to let inflation temporarily run above its target level so as to more quickly...

Ireland looks for a big bank 02 Mar 2014 - 01:18 am

DUBLIN: Ireland would like a “significant” new bank with a big balance sheet to enter its lending market this year to drive competition...

Gap Inc seeks new berth in China with Old Navy 02 Mar 2014 - 01:17 am

SHANGHAI: When Gap Inc began an online campaign ahead of the launch its Old Navy label in China, the iconic US clothes retailer...

US oil prices increase as Bakken crude shipments fall 02 Mar 2014 - 01:17 am

NEW YORK: US oil had its eighth straight week of gains on Friday on market talk of fewer oil rail shipments from the...

China manufacturing slows to 8-month low 02 Mar 2014 - 01:17 am

BEIJING: China’s manufacturing growth fell to an eight-month low in February, official figures showed yesterday, in a further sign of the flagging strength...

European markets stable; Ukraine’s currency firms 01 Mar 2014 - 05:21 am

People walk past a board of an exchange counter in central Kiev yesterday. LONDON: Europe’s main stock markets closed stable or moderately higher...

World’s first Bitcoin shop opens 01 Mar 2014 - 05:21 am

Promotion girls pose during the opening ceremony of the first bitcoin retail shop in Hong Kong yesterday. HONG KONG: A shop selling the...

Japan’s core CPI rises 01 Mar 2014 - 05:20 am

A staff checks clothes at a store in Tokyo yesterday. Japan’s core consumer price index (CPI), which excludes fresh food prices but includes...

UK public debt to rise by over £100bn 01 Mar 2014 - 05:18 am

LONDON: The official measure of Britain’s trillion-pound government debt will rise by more than £100bn ($167bn) in September, as part of a major...

Crackdown on shares fraud yields 110 arrests in Europe, US 01 Mar 2014 - 05:17 am

LONDON: Anti-fraud police have arrested 110 people in Europe and the United States in an international crackdown on gangs selling bogus shares that...

US economy grew 2.4pc in fourth quarter 01 Mar 2014 - 05:17 am

WASHINGTON: The US economy grew more slowly late last year than previously thought, but there was enough vigour that the Federal Reserve will...