Business

France to borrow €4.5bn to settle Credit Lyonnais debt 11 Nov 2013 - 09:44 am

PARIS: France will borrow ¤4.5bn ($6.01bn) by the end of the year to settle debts from the collapse of Credit Lyonnais bank, a...

Nokia’s rapid fall a lesson to businesses 11 Nov 2013 - 09:43 am

HELSINKI: In just five years Nokia fell from dominating the mobile phone industry to abandoning the handset business, a swift fall from grace...

Energy experts to meet in Doha today 11 Nov 2013 - 02:39 am

Al Shaheen platform operated by Maersk Oil is one of the most complex offshore oilfields in the world. Doha: Experts in the energy...

Boeing to break ground on South Carolina facility on Tuesday 10 Nov 2013 - 07:06 am

A Boeing 787 sits on the assembly line at the company’s operations in Everett, Washington. CHARLESTON, South Carolina: Boeing Co said it would...

Qatar to emerge as major centre for Islamic finance 10 Nov 2013 - 07:06 am

DOHA: The size of Qatar’s Shariah-compliant banking is expected to grow to over $100bn (QR365bn) by 2017. And, given the rising global demand...

China opens key meeting to set economic reform agenda 10 Nov 2013 - 07:05 am

BEIJING: Chinese leaders began a four-day secret meeting yesterday to set a reform agenda for the next decade as they try to push...

GCC inflation remains in check: QNB report 10 Nov 2013 - 07:05 am

Doha: GCC inflation continues to remain in check thanks in part to lower international food prices, and should not act as a break...

Irish central bank probes RSA regulatory issue 10 Nov 2013 - 07:05 am

DUBLIN: Ireland’s central bank is investigating a potential regulatory issue after RSA Insurance suspended the chief executive and two other senior managers of...

IOC sees slight delay in Paradip refinery start up 10 Nov 2013 - 07:04 am

NEW DELHI: Indian Oil Corp aims to start its 300,000-barrels-per-day Paradip refinery by April-May instead of March as cyclone Phailin caused a labour...

QNB rated number 3 Arab Bank; number 1 in Qatar 10 Nov 2013 - 07:04 am

NEW YORK: Qatar National Bank (QNB) has been named once again as one of the World’s 50 safest banks in the emerging markets,...

Ethiopian Airlines’ 777-300ER arrives 10 Nov 2013 - 07:03 am

Ethiopian Airlines’ newly-acquired Boeing 777-300ER aircraft, with a seating capacity of 400 passengers, arrives at the Bole International Airport in Capital Addis Ababa.

SAC Capital pleads guilty in $1.8bn deal 10 Nov 2013 - 07:03 am

NEW YORK: SAC Capital Advisers pleaded guilty to criminal fraud charges, satisfying a deal with the government that requires the Connecticut-based hedge fund...

Japan Display applies for up to $2bn share listing 10 Nov 2013 - 07:02 am

TOKYO: Japan Display, the world’s largest maker of displays for smartphones and tablets, has applied for a share listing in Tokyo that it...

US jobs report catapults dollar to new highs against euro 10 Nov 2013 - 07:02 am

NEW YORK CITY: The dollar scored solid gains against the euro after a surprisingly strong jobs growth report stirred expectations the Federal Reserve...

Chip Wilson ruffles feathers 10 Nov 2013 - 07:00 am

A customer enters the Lululemon store in Vancouver, British Columbia, yesterday. When the founder of the athletic apparel business, Chip Wilson, said his...

Twitter move likely to spark IPO flurry 10 Nov 2013 - 07:00 am

SAN FRANCISCO: For technology executives weighing market flotations for Silicon Valley startups, this week’s gangbusters Twitter Inc initial public offering sent a powerful...

Kuwait expects Opec to keep output target 10 Nov 2013 - 07:00 am

NEW DELHI: Kuwait’s oil minister said yesterday he expected Opec to keep its crude oil output target unchanged at its next meeting. Kuwait...

Cuba reforms in food production, distribution 10 Nov 2013 - 06:59 am

Farmers ride their oxen-pulled cart on the outskirts of Havana. Cuba rolled out a master plan this week to reform food production and...