Business

QNB Group’s Q1 net profit up at QR2.4bn 10 Apr 2014 - 08:26 am

DOHA: QNB Group, the region’s largest lender, recorded a net profit of QR2.4bn for the three months ended March 2014, up by 13.7...

QE’s MSCI upgrade announcement by mid-May 10 Apr 2014 - 08:26 am

DOHA: The global index compiler MSCI is expected to finalise the constituent list for Qatar and UAE in their May Semi-Annual Index Review...

US fines GM for not providing recall info 10 Apr 2014 - 08:25 am

WASHINGTON: General Motors is being fined $7,000 a day for missing an April 3 deadline to provide information about its recall of 2.6...

Untaxed US corporate profits held overseas top $2.1 trillion: Study 10 Apr 2014 - 07:43 am

WASHINGTON: Foreign profits held overseas by US corporations to avoid taxes at home nearly doubled from 2008 to 2013 to top $2.1 trillion,...

Bank of England to hold record-low rates 10 Apr 2014 - 07:43 am

LONDON: The Bank of England is forecast to freeze interest rates at a record-low 0.50 percent, amid caution over the strength of Britain’s...

Qatar Duty Free opens Samsung Galaxy S5 sale from tomorrow 10 Apr 2014 - 07:40 am

DOHA: Qatar Duty Free (QDF) yesterday revealed the much awaited Samsung Galaxy S5 which will be available for passengers to purchase from tomorrow....

Dual recognition for Al Khalij Commercial Bank 10 Apr 2014 - 07:36 am

Doha: Al Khalij Commercial Bank has been awarded two prestigious accolades from the International Banker, “Best Practice Investor Relations” for the year 2014...

JTC partners with Chicago Maintenance 10 Apr 2014 - 07:35 am

Doha: Jassim Transport & Stevedoring Company (JTC), a diversified business entity with interests in ports, contract logistics, equipment leasing and power rental, has...

Greece set to end its bond market exile 10 Apr 2014 - 07:34 am

LONDON/ATHENS: Greece, at risk of crashing out of the eurozone just two years ago, will issue its first sovereign bond in almost four...

China auto sales rise 9pc in March 10 Apr 2014 - 07:34 am

Beijing: China’s passenger vehicle sales rose 9 percent year-on-year in March, driven by delayed new model launches ahead of the Beijing auto show...

Marka eyes fashion, retail growth 10 Apr 2014 - 07:31 am

DUBAI: The company planning the first initial share offering on Dubai’s main stock market for five years says it will spend the proceeds...

Volvo puts deal with Russian firm on hold 10 Apr 2014 - 07:30 am

STOCKHOLM: Sweden’s Volvo, the world’s second biggest truck maker, has put a partnership with Russian battle-tank maker Uralvagonzavod on hold due to increasing...

Russian capital outflows hit $63.7bn in Q1 10 Apr 2014 - 07:30 am

MOSCOW: A surge in capital outflows from Russia underscores how international tensions over Ukraine are adding to the woes of Russia’s already struggling...

Dutch postpone Russian trade mission over Ukraine 10 Apr 2014 - 07:29 am

AMSTERDAM: The Netherlands yesterday postponed a mission on energy trade to Russia planned for May because of Moscow’s annexation of Crimea and increased...

Barclays gets maximum complaints 10 Apr 2014 - 07:29 am

LONDON: Barclays Bank Plc has topped the list of the most complained-about British bank, although the number of reported grievances against financial services...

Rich countries’ unemployment up in Feb: OECD 10 Apr 2014 - 07:28 am

PARIS: Unemployment in advanced countries rose slightly in February, the OECD said yesterday, a setback after recent falls. Despite improvement in the general...

Eight largest US banks asked to raise capital 10 Apr 2014 - 07:28 am

WASHINGTON: US banking regulators ordered the eight largest “too big to fail” banks to raise capital levels in a bid to address weaknesses...

US warns eurozone over deflation risk 10 Apr 2014 - 07:27 am

WASHINGTON: US Treasury Secretary Jacob Lew warned the eurozone yesterday to pay heed to the risk of deflation, adding pressure on European authorities...