Business

EU agrees historic budget deal 09 Feb 2013 - 07:14 am

British Prime Minister David Cameron (left) and German Chancellor Angela Merkel addressing a press conference at the EU Headquarters in Brussels, yesterday. BRUSSELS:...

No plan for Peugeot stake, says French premier 09 Feb 2013 - 07:14 am

GRENOBLE: France’s Socialist government said it would do whatever it took to keep ailing carmaker PSA Peugeot Citroen afloat though the prime minister...

Oil rises to nine-month high 09 Feb 2013 - 07:13 am

NEW YORK: Brent crude oil futures rose to a nine-month high close to $119 a barrel yesterday after the release of strong Chinese...

Wheat traders challenge Syrian officials’ reserves estimate 09 Feb 2013 - 07:13 am

AMMAN: International traders challenged Syrian officials’ estimates that the government has enough wheat stored to last a year despite the raging 22-month revolt...

Boeing notifies European airlines of 787 delays 09 Feb 2013 - 07:12 am

LONDON: Boeing told two European airlines yesterday that their deliveries of 787 Dreamliner jets would be delayed, as investigations into the problems behind...

Nissan profit falls on China, Europe woes 09 Feb 2013 - 07:11 am

Customers look at the racing car Nissan Deltawing for the Le Mans series at the showroom of Nissan Motor in Yokohama, south of...

US trade deficit shrinks sharply in December 09 Feb 2013 - 07:10 am

WASHINGTON: The US trade deficit shrank sharply in December, official data showed yesterday, raising speculation that fourth-quarter economic growth was better than estimated....

European stocks rise 09 Feb 2013 - 07:10 am

LONDON: European stock markets rose yesterday but the euro slipped against the dollar as investors took heart from upbeat Chinese and US economic...

China’s trade surplus up 09 Feb 2013 - 07:10 am

BEIJING: China’s trade surplus rose and inflation eased in January, official data showed yesterday, adding to recent evidence the world’s number two economy...

QE trading volume jumps 09 Feb 2013 - 01:01 am

DOHA: Qatari stocks improved marginally in the week that ended yesterday with the main benchmark index of the bourse gaining a marginal 32.82...

Yemen slashes interest rates 09 Feb 2013 - 01:01 am

SANA’A: Yemen’s central bank slashed its main interest rate by 3 percentage points to a three-year low yesterday following a sharp decline in...

Key European stocks fall 09 Feb 2013 - 01:00 am

LONDON: European stocks fell and the euro plunged against the dollar yesterday after the ECB held its key rate steady despite calls by...

Qatar’s core sector spending a fillip to tourism sector 09 Feb 2013 - 01:00 am

DOHA: Qatar’s $65bn commitment to infrastructure development has proved to be a major incentive for long term investment by leading hospitality providers, according...

World food prices stable, but risks remain: FAO 09 Feb 2013 - 01:00 am

ROME: World food prices stabilised in January after falling in the previous three months, the United Nations food agency said yesterday, but it...

Ireland hails debt deal with ECB 09 Feb 2013 - 12:59 am

DUBLIN: Ireland struck a long-awaited deal yesterday to ease the burden of debts it took on to rescue its banking system in a...

No more skeletons in closet: Italian bank 09 Feb 2013 - 12:59 am

MILAN: Italy’s troubled Monte dei Paschi di Siena bank insisted there were no more skeletons in its closets yesterday, a day after admitting...

BoE, ECB keep rates unchanged 09 Feb 2013 - 12:59 am

LONDON: The Bank of England voted yesterday to freeze its key interest rate at a record-low 0.50 percent and maintain the level of...

ECB to monitor impact of euro strength 09 Feb 2013 - 12:58 am

FRANKFURT: The European Central Bank will monitor the economic impact of a strengthening euro, ECB President Mario Draghi said yesterday, feeding expectations the...