Business

Fed rejects Citi, 4 others’ plans 28 Mar 2014 - 07:56 am

WASHINGTON: The US Federal Reserve approved the capital plans of 25 major US banks after stress tests, but turned down those of five...

Yahoo Japan to buy eAccess for $3.2bn 28 Mar 2014 - 07:56 am

TOKYO: Internet giant Yahoo Japan said yesterday it would buy almost all of domestic telecom company eAccess from its parent Softbank Corp in...

Damac set to raise $500m 28 Mar 2014 - 07:55 am

LONDON: Dubai’s Damac Real Estate will begin investor meetings today ahead of its potential debut Sukuk offering, a closely watched deal in the...

China loses WTO bid against US subsidy row 28 Mar 2014 - 07:55 am

GENEVA: China lost its bid to overturn US legislation targeting unfair trade subsidies yesterday, its second defeat in a World Trade Organization dispute...

IQ assets go up over three-fold in 10 years 28 Mar 2014 - 05:54 am

DOHA: The net assets of Industries Qatar (IQ), the country’s premier blue chip group with 18 companies under its umbrella, increased more than...

N-DSQ to build LNG-fuelled vessels 27 Mar 2014 - 06:22 pm

The shipyard at the Ras Laffan Industrial City port.Abdul Basit BY MOHAMMAD SHOEB DOHA: Local shipbuilder, Nakilat-Damen, is planning to build LNG-fuelled vessels...

Laffan Refinery to get region’s first DHT facility 27 Mar 2014 - 09:03 am

DOHA: The Laffan Refinery 2 (LR2) is designed to the highest international criteria to meet the most stringent environmental standards. With the commissioning...

Qatar to promote broadband market 27 Mar 2014 - 08:59 am

Doha: Qatar is committed to promote broadband market development that provides high-quality, affordable and high-speed services to all, said Saleh Al Kuwari, Deputy...

Candy Crush at NYSE 27 Mar 2014 - 08:57 am

Officials celebrate during the IPO of King Digital Entertainment, the maker of the wildly popular video game Candy Crush, on the floor of...

Qatar, India discuss investments 27 Mar 2014 - 08:30 am

E M S Natchiappan, India’s Minister of State for Commerce and Industry, at the India-Qatar Business Forum organised by CII in New Delhi....

World Bank sees Russian capital flight on Crimea 27 Mar 2014 - 08:23 am

A tag showing the price of fruits in Ukrainian hryvnia and Russian rouble is on display at a market in the Crimean city...

Greek bank share offering 27 Mar 2014 - 08:17 am

People make their way in front of branches of Piraeus Bank and Alpha Bank in Athens yesterday. Piraeus Bank yesterday became the second...

Etihad to raise $2bn for buys 27 Mar 2014 - 08:03 am

ABU DHABI: Etihad Airways plans to raise $2bn to pay for aircraft deliveries this year, the Abu Dhabi-based airline said yesterday after road...

Toyota to spend $3.5bn on share buy-back 27 Mar 2014 - 08:03 am

TOKYO: Toyota is to buy back as much as 1.89 percent of its shares for 360bn yen ($3.5bn), raiding a growing corporate cash...

China loses on rare earths row 27 Mar 2014 - 08:03 am

GENEVA/WASHINGTON: China has lost a dispute at the World Trade Organisation over restrictions on its exports of rare earths and metals, handing Europe...

UK heads for Lloyds exit after $6.9bn share sale 27 Mar 2014 - 08:02 am

LONDON: The UK government has sold £4.2bn ($6.9bn) worth of shares in Lloyds Banking Group to cut its stake in the country’s largest...

Mushrif increases capital by KD10.7m 27 Mar 2014 - 08:02 am

Doha: Mushrif Trading & Contracting yesterday announced that it has increased its capital by KD10.7m. Following this placement, the company’s total paid up...

BoE may push Islamic liquidity tools 27 Mar 2014 - 08:01 am

London: The Bank of England is studying ways to increase the number of Shariah-compliant assets that Islamic financial institutions can use in their...