Business

New iPhone, 4G technology may bring Apple, China Mobile closer 16 Aug 2013 - 04:16 am

SINGAPORE/HONG KONG: The stars may be aligning for a long-awaited deal between Apple Inc and China Mobile Ltd, the world’s biggest mobile carrier,...

Bull run ends; Qatar Exchange index drops 1.2pc 16 Aug 2013 - 04:15 am

DOHA: Breaking its bull run, Qatar Exchange yesterday witnessed a minor correction. The 20-stock index dropped 119.68 points or 1.20 percent to close...

Draft on Basel III rules sent to banks: QCB 16 Aug 2013 - 04:15 am

DUBAI: Qatar’s central bank (QCB) has sent a draft circular on new Basel III capital rules to conventional and Islamic banks that includes...

Summer heatwave sets UK retail sales alight in July 16 Aug 2013 - 04:14 am

Shoppers walk past a temporary store front display in central London yesterday. LONDON: British retail sales rose at their fastest annual rate in...

Oil notches four-month high 16 Aug 2013 - 04:13 am

NEW YORK: Oil prices rose on both sides of the Atlantic, and Brent hit a four-month high yesterday on fears that escalating violence...

Wal-Mart sales disappoint as US shoppers curb spending 16 Aug 2013 - 04:13 am

Washington: Wal-Mart Stores Inc reported a surprise decline in quarterly same-store sales in the United States, its biggest market, after shoppers came in...

Germany poised to overtake US as world’s No.2 exporter: Report 16 Aug 2013 - 04:13 am

BERLIN: Germany could overtake the United States to become the world’s second-biggest exporter this year, but its share of global trade is likely...

Airlines vow to fight US move to block merger 16 Aug 2013 - 04:12 am

WASHINGTON: Lawyers for US Airways and American Airlines voiced confidence on Wednesday that they can defeat the US suit to prevent their merger,...

German utility cuts generating capacity 15 Aug 2013 - 01:13 am

The construction site of the coal power plant of RWE Power is pictured in Hamm. Germany’s No. 2 utility RWE followed peers by...

Egypt bourse falls sharply; QE rallies 15 Aug 2013 - 01:13 am

DUBAI: Egypt’s stock market fell sharply yesterday as security forces in Cairo moved to disperse demonstrators supporting deposed President Mohammed Mursi, sparking violent...

Syria central bank lifts dollar sale restrictions 15 Aug 2013 - 01:13 am

DAMASCUS: The central bank in Syria has lifted restrictions on the sale of dollars to individuals, state news agency SANA said yesterday, in...

Global economic outlook dims while US recovery continues 15 Aug 2013 - 12:34 am

DOHA/PARIS: The world economy has weakened slightly this quarter, mainly due to declining optimism in Asia and Latin America, while North America shows...

Fitch affirms Nakilat’s bonds at A+/A- 15 Aug 2013 - 12:34 am

DOHA: Fitch Ratings has affirmed Qatar Gas Transport Company’s (Nakilat) bonds at ‘A+’/’A-’ with stable outlook. The rating affirmations reflect the project’s stable...

Fonterra executive resigns after milk scare 15 Aug 2013 - 12:17 am

A Fonterra milk tanker drives past fields near Hamilton, New Zealand. WELLINGTON: A top executive at dairy giant Fonterra resigned yesterday following a...

Australia’s Commonwealth Bank posts record profit 15 Aug 2013 - 12:15 am

Office employees walk past the Commonwealth Bank building in the central business district of Sydney yesterday. SYDNEY: The Commonwealth Bank yesterday posted the...

Germany, France pull eurozone out of recession 15 Aug 2013 - 12:14 am

A van carrier transports a container at the ‘Burchardkai’ terminal of the Hamburger Hafen und Logistik AG in the harbour of Hamburg. The...

India slaps controls to boost rupee 15 Aug 2013 - 12:13 am

A cashier counts Indian rupee notes inside a bank in Mumbai. NEW DELHI: India slapped new controls yesterday on foreign exchange outflows as...

Dollar comes under pressure in Asian trading 15 Aug 2013 - 12:03 am

TOKYO: The dollar was under pressure yesterday after a weaker-than-expected US retail sales report, while euro trading focused on fresh eurozone economic growth...