Business

Fed maintains bond-buying programme, keeps rates 01 Aug 2013 - 04:44 am

WASHINGTON: The US Federal Reserve left unchanged near-zero interest rates and its massive bond-buying programme yesterday, saying growth was modest in the world’s...

India proposes new steps to stem rupee slide 01 Aug 2013 - 04:43 am

NEW DELHI: India yesterday stepped up its battle to halt the rupee’s plunge, proposing to raise funds abroad through “quasi-sovereign” bond issues and...

Job cuts loom as EADS changes name to Airbus 01 Aug 2013 - 04:42 am

A file picture of visitors looking at aircraft models at the EADS booth during the ILA Berlin Air Show in Selchow near Schoenefeld...

Opec oil output falls on Libya, Iraq turmoil 01 Aug 2013 - 04:42 am

LONDON: Opec crude output hit a four-month low in July as unrest and conflict in Libya and Iraq disrupted supplies, a Reuters survey...

China, India gain upper hand as potash cartel crumbles 01 Aug 2013 - 04:36 am

MUMBAI/BEIJING: Agriculture in China and India will be the biggest winner after Russia’s Uralkali walked away from one of the world’s two big...

Ooredoo revenue surges to QR17.1bn in H1 31 Jul 2013 - 01:28 am

DOHA: Telecom major Ooredoo’s revenue rose 4.7 percent to QR17.1bn in the first half of 2013, compared to the same period in 2012....

Al Khaliji nets QR290.5m profit 31 Jul 2013 - 01:27 am

Sheikh Hamad bin Faisal bin Thani Al Thani & Rob McCall DOHA: Al Khaliji (KCBK) reported a net profit of QR290.5m for the...

QIB launches new website, domain name 31 Jul 2013 - 01:26 am

DOHA: Qatar Islamic Bank (QIB) has announced the launch of its new website with an enhanced look and feel. QIB has added a...

QE advances despite delayed trading 31 Jul 2013 - 01:26 am

DOHA: Qatar Exchange (QE) traded for shorter hours yesterday due to a technical snag. Despite a delayed trading the benchmark index added 26.82...

VW first half profits plunge 46pc 31 Jul 2013 - 01:23 am

A Volkswagen employee picking up a logo to be fitted on the VW Tiguan and Touran models. Volkswagen, Europe’s biggest car maker, said...

Dollar up, stocks pare gains 31 Jul 2013 - 01:21 am

A screen showing the main index IBEX 35 at Madrid’s Stock Exchange Market, Spain, yesterday. The IBEX 35 rose shortly after the opening...

IMF warns Dubai on debt, surging property prices 31 Jul 2013 - 01:21 am

DUBAI: The International Monetary Fund (IMF) warned Dubai yesterday that the emirate might need to intervene in its property market to prevent another...

Mideast turmoil cuts into world oil supply 31 Jul 2013 - 01:21 am

LONDON: The fall of Middle East regimes and renewed conflict there have squeezed oil supply, returning the region’s politics to the fore as...

Shareholder lawsuits could cost RBS £4bn 31 Jul 2013 - 01:20 am

LONDON: Two lawsuits brought against Royal Bank of Scotland by shareholders who say they were misled into taking part in a 2008 cash...

Dubai sets up legal panel to pay investors in scrapped projects 31 Jul 2013 - 01:19 am

DUBAI: Dubai will liquidate scores of cancelled property projects and use the funds to repay investors who lost billions of dollars in the...

US home prices rise in May 31 Jul 2013 - 01:19 am

NEW YORK: US home prices rose in May, suggesting the housing market recovery pushed ahead during the spring buying season, though the pace...

Oil boom in North Dakota 31 Jul 2013 - 01:18 am

A coal-burning energy plant is seen in an aerial view in the early morning hours yesterday near Bismarck, North Dakota. Gas flares are...

Crackdown on risk hits Barclays, Deutsche 31 Jul 2013 - 01:18 am

LONDON/FRANKFURT: A $9bn rights issue and a fresh purge of assets are among the measures Britain’s Barclays and Germany’s Deutsche Bank announced yesterday...