Business

Singapore growth higher than forecast 01 Jan 2014 - 12:31 pm

SINGAPORE: Singapore’e trade-sensitive economy exceeded forecasts to expand 3.7 percent in 2013, Prime Minister Lee Hsien Loong said yesterday, as it benefited from...

Chinese tycoon wants to buy New York Times 01 Jan 2014 - 12:31 pm

BEIJING: A Chinese recycling magnate said yesterday he was preparing to open negotiations to buy the New York Times Co. Chen Guangbiao, a...

Apollo Tyres shares jump as Cooper calls off deal 01 Jan 2014 - 12:29 pm

MUMBAI: Shares in India’s Apollo Tyres rose more than 11 percent yesterday morning after a $2.5bn deal to buy US-based Cooper Tire &...

China stock market disappoints on double cash crunch 01 Jan 2014 - 12:28 pm

SHANGHAI: A cash shortage among banks made the Chinese stock market one of the world’s worst performing this year, showing how tens of...

QE investors got richer by $26.3bn in ’13 01 Jan 2014 - 04:42 am

By Sachin Kumar Doha: Investors’ wealth on the Qatari bourse surged by a whopping QR95.72bn ($26.3bn) in 2013 with the valuation of stocks...

Singapore’s developers move from best to worst 31 Dec 2013 - 10:07 am

A general view shows residential estates in Hong Kong yesterday. According to a survey by international real estate adviser Savills of 10 cities...

Greece will leave bailout scheme in 2014: PM 31 Dec 2013 - 10:06 am

A man reads the necessary documents for turning in his car licence plates in a tax office in central Athens yesterday. Greeks turned...

India clears Vodafone, Tesco investments 31 Dec 2013 - 10:05 am

A retail shop owner speaks on his mobile phone outside his closed shop shutters painted with an advertisement for Vodafone at a market...

Blackstone to invest $200m in Crocs 31 Dec 2013 - 10:04 am

A sample of Crocs shoes on display in a New York City shoe store. Crocs Inc said Blackstone Group is making a $200m...

Japan’s inflation may rise faster than wages 31 Dec 2013 - 09:59 am

People do last-minute New Year’s shopping in Ameyoko district in Tokyo yesterday. Japan’s core consumer prices rose 1.2 percent in November from a...

Gulf states seek food security in Europe, US 31 Dec 2013 - 09:57 am

ABU DHABI: The Gulf states are changing tack in their multi-billion dollar search for food security. With their farming projects in some of...

Qatar’s GDP grows by 6.2pc in third quarter 31 Dec 2013 - 09:56 am

DOHA: Qatar’s real gross domestic product (GDP) grew by 6.2 percent year-on-year in the third quarter of 2013, from 6 percent in the...

Turmoil costs Turkey $100bn 31 Dec 2013 - 09:56 am

ANKARA: The political crisis engulfing Turkish Prime Minister Recep Tayyip Erdogan has cost the economy $100bn, a top official said yesterday, as financial...

Egypt auctions 22 oil, gas exploration concessions 31 Dec 2013 - 09:55 am

CAIRO: Egypt’s General Petroleum Corporation and Natural Gas Holding Company announced yesterday an international auction for 22 concessions for oil and gas exploration...

Qatar Exchange closed on Jan 1 31 Dec 2013 - 09:55 am

DOHA: Qatar Exchange (QE) will remain closed on Wednesday, January 1, 2014. Trading will resume on Thursday, January 2. The decision is followed...

US pending home sales inch up in November 31 Dec 2013 - 09:53 am

WASHINGTON: US pending home sales rose slightly in November, ending five consecutive months of declines, the National Association of Realtors (NAR) said yesterday....

Rupee on course to be one of Asia’s worst performers in ’13 31 Dec 2013 - 09:53 am

MUMBAI: The rupee fell yesterday, hit by strong dollar demand by a state-run bank that dealers said was intended to meet oil refiner...

EU ready to offer Portugal more help, says Rehn 31 Dec 2013 - 09:52 am

LISBON: The European Union is ready to offer Portugal further aid once its current bailout expires in May, Economics Affairs Commissioner Olli Rehn...