Business

US crude rises as cold weather feeds heating oil demand 20 Feb 2014 - 01:00 am

NEW YORK: US crude oil prices rose yesterday as a fresh bout of freezing weather boosted heating oil demand, while traders weighed concerns...

Ranbaxy, Teva settle NY antitrust claims 20 Feb 2014 - 01:00 am

NEW YORK: Generic drug makers Ranbaxy of India and Teva of Israel have agreed to settle allegations they made an illegal pact to...

UK jobless rate goes up after BoE shifts focus 20 Feb 2014 - 12:59 am

LONDON: Britain’s jobless rate edged up unexpectedly for the first time in nearly a year, just a week after its previously rapid fall...

Iraq January oil exports down 20 Feb 2014 - 12:59 am

BAGHDAD: Iraq’s oil exports fell in January compared to the month before due to bad weather and sabotage by militants, the oil ministry...

Debt financing for sale of Morrisons is ready 20 Feb 2014 - 12:59 am

LONDON: Bankers are working on debt financing packages of around £5bn ($8.35bn) to back a potential sale of British supermarket chain Wm Morrisons...

AirAsia boss accuses rival, regulators of inefficiency 20 Feb 2014 - 12:58 am

KUALA LUMPUR: AirAsia boss Tony Fernandes savaged state-backed flag carrier Malaysian Airlines and the nation’s aviation authorities yesterday, accusing them of mismanagement that...

Egypt’s Pioneers to buy 60pc of Roaya 20 Feb 2014 - 12:58 am

CAIRO: Pioneers Holding plans to acquire a 60 percent stake in real estate investment firm Roaya Group by the end of the first...

NCB completes $1.3bn sukuk 20 Feb 2014 - 12:58 am

DUBAI: National Commercial Bank (NCB), Saudi Arabia’s largest lender, has completed a SR5bn ($1.3bn) Islamic bond issue, sources said yesterday. The transaction is...

Deutsche Bank moves closer to Kirch solution 20 Feb 2014 - 12:58 am

FRANKFURT: Deutsche Bank took a decisive step toward ending a dispute with the heirs of late media mogul Leo Kirch yesterday after the...

VW labour chief threatens to block deals if no unions formed 20 Feb 2014 - 12:57 am

BERLIN: Volkswagen’s top labour representative threatened yesterday to try to block further investments by the German carmaker in the southern United States if...

US mortgage applications come down 20 Feb 2014 - 12:57 am

NEW YORK: Applications for US home mortgages fell in the latest week, with both purchase and refinancing applications down, an industry group said...

Wataniya Q4 profit up 46pc 20 Feb 2014 - 12:51 am

DUBAI: Wataniya, Kuwait’s No.2 telecom operator, reported a 46 percent jump in fourth-quarter profit yesterday. Wataniya made a net profit of KD18.4m ($65.3m)...

US mortgage applications come down 20 Feb 2014 - 12:43 am

NEW YORK: Applications for US home mortgages fell in the latest week, with both purchase and refinancing applications down, an industry group said...

Weekly Money Market Review with IBQ: Yellen’s testimony, BoE’s inflation report fuelled investors’ risk appetite 20 Feb 2014 - 12:30 am

The US Dollar dropped against its major counterparts as comments from the Federal Reserve’s newly appointed Chairman, and the Bank of England eased...

Qatar-Pakistan Joint Ministerial Committee holds talks 19 Feb 2014 - 01:23 am

H E Dr Mohamed bin Saleh Al Sada at the Qatar-Pakistan Joint Ministerial Committee meeting. DOHA: The Qatar- Pakistan Joint Ministerial Commission held...

MPHC shares to be listed on February 26 19 Feb 2014 - 01:23 am

DOHA: Qatar Exchange (QE) will list the Mesaieed Petrochemical Holding Company (MPHC) on Wednesday, February 26. The decision to list MPHC on QE...

Obama pushes for fuel efficiency 19 Feb 2014 - 01:21 am

US President Barack Obama departs after making remarks on the economy at a Safeway Distribution Centre in Upper Marlboro, Maryland, yesterday. Obama pushed...

QNCC for QR1.19bn expansion plan 19 Feb 2014 - 01:21 am

BY SACHIN KUMAR QNCC Chairman Salem bin Butti Al Naimi (centre) addressing the AGM in Doha yesterday. With him are other board members...