Business

Fed exit plan hammers markets 21 Jun 2013 - 01:20 am

A fruit seller hands back change to a customer at a stall in Mumbai yesterday. The Indian rupee hit an all-time low of...

Qatar Exchange index dips 2.46pc 21 Jun 2013 - 01:20 am

DOHA: Qatar Exchange (QE) index shed 233.61 points or 2.46 percent last week to close at 9,246.19 points. Market capitalisation fell by 2.09...

Brent, NY crude prices plunge 21 Jun 2013 - 01:20 am

LONDON: Oil prices plunged yesterday, mirroring the direction of stock markets and gold prices, a day after Federal Reserve chairman Ben Bernanke signalled...

Gold slides by more than 4pc 21 Jun 2013 - 01:19 am

LONDON: Gold plunged to its lowest in more than two-and-a-half years yesterday, with investors exiting in droves after the US Federal Reserve gave...

Russia, China reach $60bn oil supply deal 21 Jun 2013 - 01:19 am

SAINT PETERSBURG: Moscow and Beijing have reached agreement on a $60bn contract to ramp up Russian oil supplies to China, part of the...

Natural gas enjoying a golden age: IEA 21 Jun 2013 - 01:18 am

SAINT PETERSBURG: The International Energy Agency said yesterday that natural gas was enjoying “a golden age” even if the growth in output over...

CBQ board dissolves Gekko 21 Jun 2013 - 01:18 am

Doha: Commercial Bank of Qatar has announced the dissolution of Gekko LLC after a review of its performance and future prospects, a Qatar...

Tasdeer to promote non-oil export firms 21 Jun 2013 - 01:16 am

Hassan Khalifa Al Mansoori, Executive Director of Tasdeer, with Monia Posteh from the Ministry of Trade and Zahra Maafri, Director-General, Maroc Export. DOHA:...

British banks need £13.4bn more capital 21 Jun 2013 - 01:15 am

LONDON: Five British banks, including Barclays and bailed-out pair RBS and Lloyds, must together find an extra £13.4bn to meet international rules on...

Airbus, Boeing win big orders 21 Jun 2013 - 01:13 am

LE BOURGET: Aerospace giants Airbus and Boeing racked up orders at the 50th Paris Air Show while Embraer of Brazil and prop-jet specialist...

Rumours intensify of a bid for Nokia 21 Jun 2013 - 01:09 am

HELSINKI: Rumours that struggling Finnish mobile phone maker Nokia may be up for sale have intensified this week, with analysts seeing three potential...

Iranian rial climbs 10pc 21 Jun 2013 - 01:06 am

DUBAI: The Iranian currency, the rial, rose further yesterday on hopes the country’s deep economic crisis could ease under its next president, a...

Orders top $100bn as Ryanair gives Boeing a boost 20 Jun 2013 - 05:45 am

From Left: Airbus President and CEO Fabrice Bregier, Air France-KLM incoming Chief Executive Alexandre de Juniac and Rolls-Royce’s President of Civil Large Engines...

QCB regulation will boost investments 20 Jun 2013 - 05:45 am

By Satish Kanady DOHA: Qatar Central Bank’s (QCB) newly announced decision to regulate Qatari banks’ investment portfolio is expected to drive more bank...

‘Reckless’ bankers risk prison in UK: Lawmakers 20 Jun 2013 - 05:44 am

LONDON: Bankers found guilty of “reckless misconduct” in Britain could end up in prison and be stripped of bonuses, under draconian proposals yesterday...

S&P affirms A/A-1 rating for Ooredoo 20 Jun 2013 - 05:44 am

DOHA: Standard & Poor’s Ratings Services has affirmed its ‘A/A-1’ long- and short-term corporate credit ratings on Ooredoo (Qatar TelecomQtel) and its ‘A’...

Crude prices weaker on US inventory build 20 Jun 2013 - 05:44 am

NEW YORK: Crude oil prices on both sides of the Atlantic were weaker in choppy trading yesterday after a US government report showed...

Qatar’s foreign trade surplus up by 2.2pc 20 Jun 2013 - 05:43 am

DOHA: Qatar’s foreign merchandise trade surplus has increased 2.2 percent in April, 2013. According to preliminary figures released by the Qatar Statistics Authority...