Business

Qatargas to deliver first LNG cargo to Singapore next year 02 Dec 2012 - 12:48 am

Doha: Qatargas Operating Company Ltd (Qatargas) announced yesterday that it will deliver the first ever cargo of Liquefied Natural Gas (LNG) to Singapore...

Eurozone debt crisis to last few years: QNB Group 02 Dec 2012 - 12:48 am

Doha: Despite a recent agreement by the eurogroup and the IMF on releasing further assistance for Greece under its bailout programme, the outlook...

Serbia to slash deficit by 3.3pc 02 Dec 2012 - 12:47 am

BELGRADE: Serbia’s parliament adopted yesterday a budget for next year aimed at slashing its deficit to 3.3 percent of output and boosting growth...

QIC becomes top rated insurance firm in the region 02 Dec 2012 - 12:47 am

DOHA: AM Best Europe Rating Services Ltd has assigned a financial strength rating of A (Excellent) and issuer credit ratings of “A” to...

China manufacturing activity grows for the second month 02 Dec 2012 - 12:47 am

BEIJING: China’s manufacturing activity grew in November for the second month in a row, official data showed yesterday , in a further sign...

Cliff fight may knock out December rally in US 02 Dec 2012 - 12:46 am

NEW YORK: In normal times, next week’s slew of US economic data could be a springboard for a December rally in the stock...

Give back our money, furious Spaniards tell bailed-out banks 02 Dec 2012 - 12:45 am

A woman holds a banner in front of the headquarters of Spanish nationalised lender bank Bankia during a protest by junior debt holders...

Commodity prices mixed amid US budget impasse 02 Dec 2012 - 12:44 am

LONDON: Commodity prices diverged last week as traders focused heavily on the outlook for the United States and whether the world’s biggest economy...

Canada seeks access to new oil markets 02 Dec 2012 - 12:44 am

MONTREAL: Canada is scrambling to build an expansive new oil pipeline network to reach new markets including Asia as its sole customer, the...

Taqa buys 53.2pc stake in Iraqi Kurdish oil block 02 Dec 2012 - 12:44 am

ABU DHABI: Abu Dhabi National Energy Co (Taqa) has bought a 53.2 percent operating interest in an oil block in Iraqi Kurdistan from...

Going global: India’s Mahindra races for Aston Martin 02 Dec 2012 - 12:43 am

MUMBAI: Sports car maker Aston Martin may look like a shiny trophy that makes an awkward fit for Mahindra and Mahindra, the world’s...

Hong Kong growth 01 Dec 2012 - 01:06 am

A man and a woman walk by stalls of a street market in Hong Kong. The value of total retail sales in October...

Leave ‘fairy world’ behind, Draghi tells eurozone 01 Dec 2012 - 01:06 am

PARIS: The eurozone’s crisis is far from over and its members must tighten budgets and forge a banking union to leave behind the...

US consumer spending falls in October as growth stalls 01 Dec 2012 - 01:06 am

WASHINGTON: US consumer spending fell in October for the first time in five months and income growth stalled, leading some economists to cut...

Japan okays $10.7bn stimulus package to boost economy 01 Dec 2012 - 01:05 am

TOKYO: Tokyo yesterday approved $10.7bn in fresh spending to help boost Japan’s limp economy, just weeks before an election the ruling party is...

Brent crude at $110.76 a barrel 01 Dec 2012 - 01:05 am

NEW YORK: Brent crude prices hovered near unchanged yesterday in choppy, end-of-month trading as investors monitored developments in US budget talks and Middle...

France, Qatar to co-invest in small French businesses 01 Dec 2012 - 01:04 am

PARIS: France’s state-owned Caisse des Depots bank and the investment arm of Qatar’s sovereign fund yesterday announced the signing of an agreement to...

Electric car sharing fleet 01 Dec 2012 - 01:03 am

Electric smart two-seater cars on display during the presentation of what the organisers say are the largest electric car sharing fleet in Germany....