Business

Britain to close offshore payroll tax loophole 17 Mar 2013 - 01:43 am

LONDON: Britain will close a loophole that has allowed some employers to avoid paying payroll taxes by routing wages through overseas intermediaries, the...

Dreamliner to be back in service soon: Boeing 15 Mar 2013 - 11:42 pm

Boeing Vice-President and 787 Dreamliner Chief Production Engineer Mike Sinnett with a model of Boeing’s 787 Battery Design Improvements at a news conference...

US manufacturing output bounces back; CPI rises 15 Mar 2013 - 11:41 pm

WASHINGTON: U S manufacturing output bounced back in February, the latest signal of strength in an economy that is showing clear momentum despite...

Abe pushes for Pacific trade pact 15 Mar 2013 - 11:41 pm

TOKYO: Japan’s hard-charging prime minister yesterday said he wanted in on talks to forge a huge trade pact, the latest bold move from...

IMF urges EU to clean up banks’ balance sheet 15 Mar 2013 - 11:40 pm

WASHINGTON: The International Monetary Fund said yesterday that the European economy and financial system remained weak and urged the region to quickly clean...

Porsche scores record results 15 Mar 2013 - 11:39 pm

Matthias Mueller, Chairman of the sports car builder Porsche, stands next to a Porsche Carrera 4S at the balance sheet press conference at...

Cyprus bailout seen shrinking 15 Mar 2013 - 11:39 pm

BRUSSELS: International lenders are aiming to give Cyprus a bailout of close to ¤10bn, less than initially expected, with taxes imposed on Cypriot...

Russian central bank leaves rate unchanged 15 Mar 2013 - 11:39 pm

MOSCOW: Russia’s central bank yesterday left its main interest rate unchanged at 8.25 percent in a closely-watched decision that followed the appointment of...

Recession-hit Portugal given until 2015 to reach deficit target 15 Mar 2013 - 11:38 pm

LISBON: Recession-plagued Portugal yesterday won an extra year from its creditors to bring down its public deficit in line with EU regulations, but...

Iran crude exports to plunge by a quarter 15 Mar 2013 - 11:37 pm

TOKYO/SINGAPORE: Iran’s crude oil exports in March may plunge by a quarter from a month earlier to the lowest since tight Western sanctions...

Ukraine imposes new tariffs on car imports 15 Mar 2013 - 06:34 am

A woman passes by cars on sale outside an automobile dealership in Kiev, the capital of Ukraine, yesterday. KIEV: Ukraine imposed emergency tariffs...

Milaha reports QR835m net profit in 2012 15 Mar 2013 - 06:32 am

Milaha reports QR835m net profit in 2012 DOHA: Qatar Navigation Company (Milaha) recorded a net profit of QR835m for the full year 2012,...

Samsung to launch new smartphone today 15 Mar 2013 - 06:31 am

NEW YORK: Locked in a fierce battle in the smartphone market, South Korean giant Samsung is to launch its latest device aimed at...

Qatar Exchange gains 77.56 points; IQ lifts trading value 15 Mar 2013 - 06:31 am

DOHA: Qatar Exchange index gained 77.56 points or 0.91 percent to close at 8,583.78 points this week. Trading value increased by 45.32 percent...

Qatar’s insurable assets set to go up 15 Mar 2013 - 06:11 am

DOHA: With Qatar planning a series of mega projects in the run up to the 2022 Fifa World Cup event, the number of...

Oil rebounds towards $110 15 Mar 2013 - 06:11 am

NEW YORK: Brent crude oil rose towards $110 a barrel yesterday, rebounding after four days of losses, after the latest indication of a...

SWISS to buy six Boeing 777 for $1.6bn 15 Mar 2013 - 06:09 am

Marcel Klaus (right), Chief Financial Officer, speaks next to Harry Hohmeister, Chief Executive Officer, and Rainer Hiltebrand, Chief Operation Officer, at a press...

Batelco in talks to buy stake in Reliance Communications unit 15 Mar 2013 - 06:09 am

DUBAI: Bahrain Telecommunications Co (Batelco) is in talks with Reliance Communications to buy a stake in the Indian operator’s enterprise business unit, the...