Business

Eni reassures investors with buoyant outlook, profits 16 Feb 2013 - 05:03 am

MILAN: Italian oil and gas major Eni delivered an upbeat production outlook yesterday after output rose in the final quarter of 2012, driving...

India hopes to seal EU free trade deal by April 16 Feb 2013 - 05:03 am

NEW DELHI: India expects to sign a “balanced and ambitious” free trade agreement with the European Union by April, an official statement said...

US airlines unveil $11bn merger 15 Feb 2013 - 11:20 am

NEW YORK: AMR Corp and US Airways Group unveiled an $11bn all-stock deal yesterday that gives creditors of the bankrupt American Airlines parent...

QE sees GCC’s highest foreign investment inflow in 2012 15 Feb 2013 - 11:20 am

DOHA: Despite the GCC market seeing a sluggish foreign investment and a drop in IPOs in 2012, Qatar Exchange witnessed an inflow of...

Qatar Exchange market cap rises to QR476.77bn 15 Feb 2013 - 11:19 am

DOHA: The Qatar Exchange’s (QE) main index gained 35.25 points, or 0.40 percent, during the week to close at 8,792.84 points. Trading value...

Berkshire, 3G to acquire Heinz in $28bn deal 15 Feb 2013 - 11:17 am

WASHINGTON: Billionaire Warren Buffett’s investment powerhouse Berkshire Hathaway and 3G Capital announced yesterday that they would take over venerable US ketchup maker Heinz...

Key European stocks drop as eurozone recession deepens 15 Feb 2013 - 11:16 am

LONDON: European stocks fell yesterday following news that the eurozone recession deepened in the final three months of last year, but some major...

Gold demand fell by 4pc last year 15 Feb 2013 - 11:16 am

LONDON: Demand for gold fell last year for the first time since 2009 as Asians bought less jewellery and Western investment dipped, the...

DIFC sees growth in Asia, Africa 15 Feb 2013 - 11:15 am

DUBAI: The Dubai International Financial Centre (DIFC), a business zone, says it aims to double the number of companies there over five years...

US jobless claims drop by 27,000 15 Feb 2013 - 11:15 am

WASHINGTON: The number of Americans filing new claims for unemployment benefits fell more than expected last week, offering hope the sluggish labour market...

Japanese economy shrinks again 15 Feb 2013 - 11:15 am

TOKYO: Japan’s economy shrank for a third quarter at the end of 2012, data showed yesterday, leaving it mired in recession owing to...

India’s inflation rate dips to three-year low 15 Feb 2013 - 11:14 am

NEW DELHI: India’s inflation rate unexpectedly retreated to a more than three-year low last month, data showed yesterday, opening the door to more...

Al Attiyah attends infrastructure seminar in Tokyo 14 Feb 2013 - 12:11 am

The Chairman of the Administrative Control and Transparency Authority (ACTA), H E Abdullah bin Hamad Al Attiyah with Japan’s Prime Minister Shinzo Abe...

January inflation edges higher on education 14 Feb 2013 - 12:10 am

DOHA: Qatar’s inflation, based on consumer price index (CPI), rose 3.4 percent year-on-year (y-o-y) and the index was up 0.7 percent month-on-month (m-o-m)...

Russia plans $25-30bn oil-for-loans deal with China 14 Feb 2013 - 12:10 am

LONDON/MOSCOW: Rosneft is seeking to borrow up to $30bn from China in exchange for possibly doubling oil supplies, making Beijing the largest consumer...

QFC, Turkey have best Islamic finance-friendly tax systems 14 Feb 2013 - 12:10 am

DOHA: The Qatar Financial Centre (QFC) and Turkey have the most Islamic Finance-friendly tax systems out of eight countries in the Mena region....

Omantel profit falls as text messaging loses appeal 14 Feb 2013 - 12:09 am

DUBAI: Oman Telecommunications (Omantel) reported a 10 percent fall in fourth-quarter profit, missing analysts’ estimates as revenue from text messages and international calls...

Rosneft, ExxonMobil ink Alaska oilfield deal 14 Feb 2013 - 12:08 am

Moscow: Russia’s state oil giant Rosneft signed yesterday an agreement with ExxonMobil to participate in a major project owned by the US super-major...