Business

Telecom Italia moves into M&A spotlight 31 Aug 2013 - 12:16 am

MILAN: Telecom Italia SpA shares jumped as much as 10 percent yesterday, on speculation it might be the next quarry in a recent...

Indian rupee bounces off record low 30 Aug 2013 - 04:33 am

A customer counts money inside a currency exchange shop in Kolkata. NEW DELHI/MUMBAI: The Indian rupee rebounded yesterday from a record low as...

Qatar Exchange snaps bear run 30 Aug 2013 - 04:33 am

DOHA: Qatar Exchange (QE) snapped its four-day bear run yesterday gaining 71.31 points or 0.75 percent to close at 9,619.04 yesterday. The volume...

European stock markets climb 30 Aug 2013 - 04:33 am

LONDON: European stock markets rebounded yesterday as fears eased over any imminent Western intervention in Syria and investors switched focus to a possible...

Saudi, Kuwait shelve Dorra gas field project 30 Aug 2013 - 04:32 am

KHOBAR: Saudi Arabia and Kuwait have shelved their project to develop the Dorra offshore gas field after disagreeing over how to share the...

Oil falls towards $116 30 Aug 2013 - 04:32 am

LONDON: Brent crude oil dropped below $116 a barrel yesterday as the possibility of a delay in a US-led military strike on Syria...

Libya’s oil exports shrink 30 Aug 2013 - 04:32 am

LONDON/GENEVA: Libya’s crude oil exports have shrunk to just over 10 percent of capacity from three ports, out of a possible nine, as...

Crisis crimps middle-class lifestyles 30 Aug 2013 - 04:31 am

NEW DELHI: Seventeen-year-old Indian student Appu Sharma was going to apply to a US university to study economics but with the rupee on...

Shadow banks face 2015 deadline to comply with first global rules 30 Aug 2013 - 04:31 am

LONDON: The $60 trillion “shadow banking” sector has been given until 2015 to comply fully with its first set of global rules after...

RBI hints at buying gold from citizens 30 Aug 2013 - 04:31 am

MUMBAI: India is considering a radical plan to direct commercial banks to buy gold from ordinary citizens and divert it to precious metal...

Vodafone mulls sale of stake in Verizon Wireless 30 Aug 2013 - 04:30 am

LONDON: Vodafone is in talks on a possible sale of its stake in US joint-venture Verizon Wireless said to be worth more than...

Qatar-Japan trade reaches $37bn: Minister 29 Aug 2013 - 12:10 am

The Minister of Energy and Industry H E Dr Mohammed bin Saleh Al Sada (forth right), Prime Minister of Japan Shinzo Abe (fifth...

Abe calls for lifting food import restrictions 29 Aug 2013 - 12:10 am

DOHA: The visiting Japanese Premier, Shinzo Abe yesterday urged Qatar to lift import restrictions on Japanese food and fruits here at the opening...

Govt policies blamed for rupee plunge 29 Aug 2013 - 12:10 am

DOHA: The problems that are pushing the Indian currency down are of India’s own making and the Indian government is wrongly blaming external...

Qatar trade surplus widens to QR32.1bn 29 Aug 2013 - 12:09 am

DOHA: Qatar’s foreign trade surplus widened to QR32.1bn in June 2013. The figure shows an increase of QR0.6bn, up two percent compared to...

Qatar to take part in Malaysia GES Summit 29 Aug 2013 - 12:05 am

Guests listening to Ambassador Dato Ahmad Jazri bin Mohd Johar (inset) during a presentation on 4th Global Entrepreneurship Summit 2013 of Malaysia in...

British banks allowed to cut cash holdings 29 Aug 2013 - 12:04 am

LONDON: Britain’s eight top lenders can cut their cash reserves by a collective £90bn ($140bn) and use the funds to support economic growth,...

Ukraine premier tells Russia to accept reality of EU trade deal 29 Aug 2013 - 12:04 am

KIEV: Ukraine’s prime minister, seeking to ward off Russian pressure, urged Moscow yesterday to accept his country’s drive towards a new trade relationship...