Business

S&P 500 hits record in broad rally, Nasdaq at 14-year high 25 Feb 2014 - 12:52 am

NEW YORK: US stocks jumped one percent yesterday, with the S&P 500 climbing to an all-time high as optimism over merger activity helped...

Infra projects fuel credit growth 24 Feb 2014 - 01:02 am

BY SACHIN KUMAR Doha: Banks in Qatar registered a 12 percent growth in domestic loans in 2013 with domestic credit growing to QR533bn...

Sun shines on New York solar energy boom 24 Feb 2014 - 01:00 am

NEW YORK: On a rooftop in the Bronx far from the skyscrapers of Manhattan, 4,760 panels soak up the winter rays. Welcome to...

Job fair in US 24 Feb 2014 - 12:58 am

Job seekers attend a job fair in San Jose yesterday. Fifty national and multinational companies are offering 6,700 positions during a three-day job...

G20 aims to lift GDP by extra 2pc in five years 24 Feb 2014 - 12:57 am

German Finance Minister Wolfgang Schaeuble (left) with Deutsche Bundesbank President Jens Weidmann during the G20 Finance Ministers and Central Bank Governors meeting in...

OECD’s new global standard to hit tax cheats 24 Feb 2014 - 12:56 am

Angel Gurria (right) with Australia Treasurer Joe Hockey at the G20 meeting in Sydney. SYDNEY: The OECD yesterday delivered a new global standard...

Al Khaliji gets shareholders’ nod to hike foreign ownership limit 24 Feb 2014 - 12:55 am

Hamad bin Faisal bin Thani Al Thani (right), Chairman and Managing Director, and Abdullah Nasser Al Misnad, Vice Chairman, Al Khaliji, yesterday. Abdul...

3M Car Care to showcase latest solutions 24 Feb 2014 - 12:55 am

Doha: With an objective to showcase its latest and innovative automotive solutions, 3M Car Care yesterday announced its debut participation at the 4th...

Detroit car makers worry about UAW struggles 24 Feb 2014 - 12:54 am

An employee works on a Passat sedan at the Volkswagen plant in Chattanooga, Tennessee. The United Auto Workers’ main source of income is...

China aims to boost growth 24 Feb 2014 - 12:53 am

Workers ride a bicycle past a financial building construction site in the central business district in Guangzhou, Guangdong province, yesterday. China is aiming...

Eyes on MPHC as QE index heads to historic high 24 Feb 2014 - 12:49 am

DOHA: Qatar’s benchmark index is heading to a record high level, as the bourse is set to list Mesaieed Petrochemical Holding Company (MPHC)...

GIS net profit in 2013 up 45.8pc to QR0.7bn 24 Feb 2014 - 12:49 am

DOHA: Gulf International Services (GIS), the largest services group in Qatar with interests in a broad cross-section of industries, recorded a net profit...

US, IMF ‘ready’ to help Ukraine rebuild economy 24 Feb 2014 - 12:48 am

SYDNEY: The United States and the International Monetary Fund offered yesterday to assist Ukraine in rebuilding its battered economy following devastating protests that...

Qatar’s monthly trade balance posts surplus 24 Feb 2014 - 12:48 am

DOHA: Qatar’s trade balance for December 2013 showed a surplus of QR33.9bn. However, it recorded a decrease of QR2.6bn, or seven percent, on...

Banks struggle to fill staff gaps after rigging row 24 Feb 2014 - 12:48 am

LONDON: A void is appearing in the upper reaches of the world’s biggest and most powerful financial market as banks struggle to replace...

Burgan Bank Q4 net slumps 24 Feb 2014 - 12:48 am

DUBAI: Kuwait’s Burgan Bank reported a big drop in fourth-quarter net profit yesterday, with its full-year earnings also significantly lower than the previous...

Al Baraka posts 23pc rise in Q4 net income 24 Feb 2014 - 12:47 am

DUBAI: Bahrain’s Al Baraka Banking Group reported a 23 percent increase in fourth-quarter net profit yesterday, and said it would continue expanding its...

Detroit, Chicago to get manufacturing institutes 24 Feb 2014 - 12:47 am

WASHINGTON: US President Barack Obama will announce two new manufacturing institutes aimed at attracting and nurturing businesses that will hire workers for highly...