Business

Banks need to be strong enough to meet credit demand: ECB 26 May 2014 - 01:33 am

Yves Mersch of the ECB presents an oversized newly unveiled €10 note at the headquarters in Frankfurt. SHANGHAI: Eurozone banks need to be...

Business aviation picks up, but surplus persists 26 May 2014 - 01:28 am

Visitors talk in front of a Bombardier Challenger aircraft in the static display area during the annual European Business Aviation Convention and Exhibition...

End of the road for majestic Ambassador 26 May 2014 - 01:25 am

An Ambassador car in front of the secretariat blocks in New Delhi. MUMBAI/KOLKATA: The maker of the Ambassador has halted production of the...

Doha Festival City awards QR1.65bn mall work contract 26 May 2014 - 01:12 am

Doha: Bawabat Al Shamal Real Estate Company WLL, owner of Doha Festival City, has awarded Gulf Contracting Company in joint venture with ALEC...

Heavy FII buying pushes QE index to new highs 26 May 2014 - 01:12 am

DOHA: Foreign institutional investors continue to lap up prized Qatari stocks as the local bourse is all set to join the coveted MSCI...

Holiday Inn group rejects £6bn US offer 26 May 2014 - 01:11 am

London: InterContinental Hotels, the company behind Crowne Plaza and Holiday Inn, has rejected a £6bn bid from a US suitor, according to weekend...

BoE may go for earlier interest rate hikes 26 May 2014 - 01:11 am

LONDON: The Bank of England’s plan to increase interest rates only gradually may mean it should move earlier than would otherwise be the...

ECB’s options include negative interest rates 26 May 2014 - 01:10 am

FRANKFURT: The European Central Bank has a range of options to consider at its June 5 policy meeting and negative interest rates are...

Brazil economy slows to near-halt in first quarter 26 May 2014 - 01:10 am

BRASILIA: Brazil’s economy probably slowed to a near halt in the first quarter as investments slowed and factories cut back on production, burying...

Valeant must up Allergan bid: JPMorgan 26 May 2014 - 01:05 am

New York: When Valeant Pharmaceuticals International Inc raises its offer for Allergan Inc next week as it has indicated it will, it needs...

China crackdowns squeeze pharma margins 26 May 2014 - 01:04 am

SHANGHAI: A crackdown on corruption and pricing in China’s fast-growing pharmaceutical market has squeezed profits and margins, raising a red flag to global...

Roche expects diagnostics sales growth in US, not to cut prices 26 May 2014 - 01:03 am

DUBAI: Swiss drugmaker Roche Holding expects sales from its diagnostic division to grow faster in the United States than the market trend and...

Credit Suisse CEO says no plans to quit 26 May 2014 - 01:01 am

ZURICH: Credit Suisse’s Chief Executive Brady Dougan told a Sunday newspaper he has no plans to step down and his bank would not...

China to probe tech suppliers for security 26 May 2014 - 12:32 am

BEIJING: China will investigate providers of important IT products and services to protect “national security” and “economic and social development”, the official Xinhua...

Chevron forecasts Permian shale as top asset by 2020 26 May 2014 - 12:32 am

NEW YORK: Chevron Corp is making the oil-rich Permian shale formation a top investment priority, aiming to turn its West Texas acreage into...

Air Berlin plans to split into two 26 May 2014 - 12:32 am

FRANKFURT: Air Berlin’s management is considering splitting the group in two, German magazine Focus reported yesterday, citing remarks by one of the company’s...

Fear strikes out on Wall Street in week ahead 26 May 2014 - 12:32 am

NEW YORK: Whatever investors are worried about right now, those concerns are not showing up in Wall Street’s fear gauge. That scares some....

Weekly Money Market Review with IBQ: Disappointing data fuels hopes ECB may cut rates next month 25 May 2014 - 10:40 pm

The Dollar Index rose to a seven-week high as investors sifted through US economic data that included strong readings on Manufacturing, Existing Homes...