Business

Singapore economy hits a rough patch 15 Apr 2014 - 01:34 am

People at the financial district of Singapore as the economy slowed sharply in the January-March period. SINGAPORE: Singapore’s economic growth slowed sharply in...

Peugeot Citroen reveals recovery plan 15 Apr 2014 - 01:33 am

Peugeot Citroen CEO Carlos Tavares presenting the group’s strategic plan ‘Back in the Race’ in Paris yesterday. PARIS: French automobile group Peugeot Citroen,...

Thailand to post slowest GDP growth in Asia 15 Apr 2014 - 01:32 am

People walk inside a mobile phone shop at a department store in Bangkok yesterday. Thailand expected to post slowest GDP growth in Asia.

Qatar Exchange down 0.66pc on profit booking 15 Apr 2014 - 01:26 am

Doha: Investors in Qatar, Dubai and Abu Dhabi booked profits for a second day yesterday as global markets remained gloomy and tension grew...

QE, S Korea discuss cooperation 15 Apr 2014 - 01:24 am

Doha: Rashid bin Ali Al Mansoori , the CEO of Qatar Exchange, met here yesterday with H E Keejong Chung, Ambassador of the...

CI reaffirms QIB’s A FSR with stable outlook 15 Apr 2014 - 01:23 am

DOHA: Qatar Islamic Bank (QIB) has been reaffirmed by international credit ratings agency, Capital Intelligence (CI), with a Financial Strength Rating (FSR) of...

BlackBerry plans Heartbleed patches 15 Apr 2014 - 01:23 am

BOSTON: BlackBerry Ltd said it plans to release security updates for messaging software for Android and iOS devices by Friday to address vulnerabilities...

Total to move ahead with Angolan oilfield 15 Apr 2014 - 01:22 am

PARIS: French oil group Total has found ways of reducing the cost of extracting ultra-deep Angolan offshore oil reserves by a fifth and...

Lebanon to drop Net price after cutting phone rates 15 Apr 2014 - 01:21 am

BEIRUT: Lebanon plans to lower Internet prices and boost speed after cutting landline and mobile call prices by up to half this month...

China growth slows to 7.3pc in first quarter 15 Apr 2014 - 01:21 am

BEIJING: China’s economic expansion slowed in the first three months of this year, according to a survey, and remains on track for its...

Glencore Xstrata sells Peru mine 15 Apr 2014 - 01:20 am

Beijing: Glencore Xstrata has sold its interest in the Las Bambas copper mine in Peru to a Chinese consortium in a $6bn cash...

Italy inflation is slowing down 15 Apr 2014 - 01:19 am

ROME: Inflation in Italy has slowed again to 0.4 percent on a 12-month basis in March, official final data showed amid growing concern...

US retail posts biggest gain in 18 months 15 Apr 2014 - 01:18 am

WASHINGTON: US retail sales recorded their largest gain in 18 months in March, in the latest sign the economy was emerging from its...

Eurozone industrial output edges up in Feb 15 Apr 2014 - 01:17 am

BRUSSELS: Eurozone industrial output edged higher in February, official data showed yesterday, in line with recent data showing a very modest economic recovery...

Opel eyes return to profit in 2015 15 Apr 2014 - 01:17 am

FRANKFURT: Loss-making German automaker Opel, a unit of General Motors, could steer back to profit as early as next year, its chief said...

Citi profits up 3.5pc on lower costs 15 Apr 2014 - 01:17 am

NEW YORK: Citigroup reported slightly higher quarterly earnings yesterday, as lower expenses and credit losses helped offset revenue declines in mortgage finance and...

ThyssenKrupp, Saab in talks for shipyards deal 15 Apr 2014 - 01:17 am

FRANKFURT: German heavy industry giant ThyssenKrupp said yesterday it is in talks with Saab of Sweden over the sale of its Swedish shipyards...

Disruptive capital flow a worry: Qatar 14 Apr 2014 - 01:05 am

IMF Managing Director Christine Lagarde (right) with World Bank President Jim Yong Kim at the IMF and World Bank Joint Development Committee meeting...