Business

UK extends recovery as factories boost output 09 Apr 2014 - 01:21 am

LONDON: Britain’s economy extended its strong recovery into this year, data showed yesterday, with manufacturing jumping by much more than expected, companies reporting...

Citi to pay $1.1bn for settlement 09 Apr 2014 - 01:21 am

NEW YORK: Citigroup said it reached an agreement with a group of 18 institutional investors to pay $1.1bn to settle claims on some...

Bank of Japan quashes additional stimulus hopes 09 Apr 2014 - 01:20 am

TOKYO: The head of the Bank of Japan yesterday quashed hopes of an imminent expansion to its massive stimulus scheme, and said the...

Microsoft ends Windows XP support 09 Apr 2014 - 01:20 am

BOSTON: Microsoft Corp released its final security updates for Windows XP and Office 2003 yesterday as security experts warned users that they could...

Indonesia keeps rates on hold as inflation eases 09 Apr 2014 - 01:20 am

JAKARTA: Bank Indonesia kept its benchmark reference rate steady for a fifth straight month, saying the current level was consistent with efforts to...

UAE to launch overnight lending facility 09 Apr 2014 - 01:17 am

DUBAI: The central bank of the United Arab Emirates will introduce on April 15 a mechanism allowing the country’s banks to borrow funds...

QE extends rally, highest close since June 2008 08 Apr 2014 - 05:05 am

DOHA: Qatar Exchange index rose 1 percent yesterday to end at 12,217 points, its highest close since June 2008, as blue-chip stocks led...

Sun Pharma buys rival Ranbaxy for $3.2bn 08 Apr 2014 - 05:03 am

NEW DELHI: India’s third-biggest drugs company Sun Pharma announced yesterday a $3.2bn deal to buy larger domestic rival Ranbaxy from Daiichi Sankyo, ending...

The new cabin of Airbus A350 XWB 08 Apr 2014 - 04:06 am

The new cabin of an Airbus A350 XWB flight-test aircraft at the German headquarters of Airbus in Hamburg-Finkenwerder. The planemaker unveiled the cabin...

Qatar, Portugal to boost trade 08 Apr 2014 - 04:04 am

The Minister of Economy and Commerce, H E Sheikh Ahmed bin Jassim bin Mohammed Al Thani and the Deputy Prime Minister of Portugal,...

Lexus NX World Premiere 08 Apr 2014 - 04:03 am

The all-new Lexus NX luxury compact crossover will debut at the 2014 Beijing International Automotive Exhibition. The unveiling of the NX, based on...

Mazda 3 launched 08 Apr 2014 - 02:49 am

Shingo Tsuda, (left) Ambassador of Japan to Qatar, with Sheikh Ahmad bin Nasser Al Thani, President Director of National Car Company at the...

Qatar non-oil growth to pick up: Fitch 08 Apr 2014 - 02:47 am

DOHA: Qatar’s non-oil economic growth is forecast to pick up in 2014. Fitch Ratings said in its latest “Mena Sovereign Credit Overview” that...

Dubai tells global bankers to expect another boom 08 Apr 2014 - 02:46 am

LONDON: Dubai told international bankers yesterday that it was gearing up for another boom and did not regret the pro-growth policies which brought...

Agreement in principle on UAE bourse merger 08 Apr 2014 - 02:46 am

ABU DHABI: A top Dubai economic policymaker said yesterday that an agreement to merge the two main stock markets in the United Arab...

Qatar’s GDP up 6.5pc in 2013 to hit QR737bn 08 Apr 2014 - 02:46 am

DOHA: The Minister of Economy and Commerce, H E Sheikh Ahmed bin Jassim bin Mohammed Al Thani yesterday said that Qatar’s gross domestic...

Pope rules Vatican bank to stay operative, approves reforms 08 Apr 2014 - 02:45 am

VATICAN CITY: Pope Francis has approved a reform proposal keeping the Vatican bank operative, ending a year of speculation over whether the pontiff...

Etihad nears extension of Air Berlin partnership 08 Apr 2014 - 02:45 am

ABU DHABI: Etihad Airways is still negotiating commercial terms for a potential investment in Alitalia and is close to extending its partnership with...