Business

Correction pushes Qatari stocks down 31 Jan 2014 - 02:44 am

Rashid Al Mansouri, CEO of Qatar Exchange. DOHA: A correction pushed Qatari stocks down yesterday, with stock analysts suggesting that the successful completion...

Qatari banks focus on debt securities 30 Jan 2014 - 09:15 am

By Satish Kanady DOHA: Qatari banks are increasingly reducing their reliance on the short-term interbank funds and focusing more on issuance of debt...

Whirlpool ties up with Tadmur for home appliance distribution 30 Jan 2014 - 09:10 am

From left: The General Manager of Tadmur Trading, Raed Halawa, General Manager for Middle and Africa (MEA), Whirlpool Corporation, Lorenzo Milani; Senior Commercial...

Anti-privatisation strike in Greece 30 Jan 2014 - 09:09 am

A worker from Greece’s Public Power Corporation (PPC), the country’s biggest power utility, walks past a mock electricity pylon during a rally against...

Fiat changes name; profit drops 30 Jan 2014 - 09:08 am

MILAN: Italian car giant Fiat announced yesterday it was changing its name after completing the purchase of US automaker Chrysler to “Fiat Chrysler...

Slovenia forced to sell assets 30 Jan 2014 - 09:08 am

People shop grocery in Mercator shopping mall in Ljubljana yesterday. Having scraped together funds to bail out its banks last month, Slovenia must...

Nintendo pays the price for Wii 30 Jan 2014 - 09:07 am

A shopper behind an advertisement board of Nintendo Co’s Wii U game console at an electronics retail store in Tokyo yesterday. Nintendo, facing...

First A380 lands in Ivory Coast 30 Jan 2014 - 09:06 am

An Airbus A380 of French airline Airfrance is sprayed with water upon its arrival at Abidjan’s airport, yesterday. It is the first A380...

QPI takes 23pc stake in Shell’s Brazil oilfield 30 Jan 2014 - 08:38 am

DOHA: Qatar Petroleum International (QPI) has entered into an agreement with oil major Royal Dutch Shell to buy 23 percent stake in the...

Fed poised for $10bn taper as Bernanke bids adieu 30 Jan 2014 - 08:37 am

Washington: Turmoil in emerging markets and a month of disappointing job growth at home are unlikely to deter the Federal Reserve from trimming...

Kuwait oil workers plan to strike over pay cut 30 Jan 2014 - 08:37 am

KUWAIT CITY: Thousands of oil workers in Opec member Kuwait plan to go on strike over a government decision to cut their wages,...

Vodafone posts QR1.43bn revenue for nine months 30 Jan 2014 - 08:36 am

DOHA: Vodafone Qatar’s total revenue for the nine months ended in December 2013 reached QR1.43bn, up 31 percent compared to the same period...

Bharti Airtel Q4 profit leaps 115pc 30 Jan 2014 - 08:35 am

NEW DELHI: India’s top mobile phone firm Bharti Airtel said yesterday its quarterly profit leapt by 115 percent, the first rise in four...

Inflation targeting adds pressure on India govt to meet deficit goals 30 Jan 2014 - 08:35 am

MUMBAI: Without explicitly saying so, the Reserve Bank of India has effectively begun to target inflation based on consumer prices, a dramatic shift...

Germany loosens own pension rules while asking EU for reforms 30 Jan 2014 - 08:35 am

BERLIN: Germany’s coalition government presented a pension reform plan yesterday that will cost ¤160bn to 2030 by letting some workers retire earlier, loosening...

Turkey rate hike saves lira; may hurt growth 30 Jan 2014 - 08:34 am

ANKARA: A massive rate hike may have stalled the Turkish lira’s fall and salvaged the central bank’s credibility, but it stunts growth at...

Troika begins Cyprus review 30 Jan 2014 - 08:34 am

NICOSIA: International lenders yesterday began their third assessment of the Cyprus economy to see if Nicosia is upholding its obligations under a bailout...

Sainsbury’s CEO King to stand down in July 30 Jan 2014 - 08:34 am

LONDON: Justin King will step down as chief executive of British grocer J Sainsbury in July after a decade at the helm, with...