Business

Walgreen reports quarterly loss 23 Dec 2013 - 04:07 am

People walk by a Walgreen store in Pasadena, California. Walgreen Co reported higher quarterly sales, but an increase in promotions and a slowdown...

Thailand growth forecast revised down 23 Dec 2013 - 04:06 am

A foreign businessman walks next to seasonal decorations at a shopping district in Bangkok, Thailand. Economists revised down Thailand’s economy growth in 2014...

Lean years leave banks short of savvy dealmakers 23 Dec 2013 - 04:04 am

LONDON: Years of quiet deal markets in Europe have left a generation of junior investment bankers with little opportunity to cut their teeth,...

Oracle to buy Responsys for $1.39bn in cloud push 23 Dec 2013 - 04:04 am

New York: Oracle Corp, the world’s No. 2 business software maker, said it would buy web-based marketing software maker Responsys Inc for about...

Qatar, Algeria sign pact for steel venture 23 Dec 2013 - 04:03 am

Doha: Ali bin Hassan Al Muraikhi, Chairman of Qatar Steel International, and Hasnawi Shaiboub, Chairman of Sidar Company of Algeria, signed the Articles...

Obama pushes more oil production 23 Dec 2013 - 04:02 am

DE KALB, Mississippi: America’s newest and cleanest coal-fired power plant comes with a catch: The heat-trapping carbon dioxide removed from its smokestack pollution...

Morgan Stanley sells oil unit to Rosneft 23 Dec 2013 - 04:02 am

LONDON/MOSCOW: Morgan Stanley has sold the majority of its global physical oil trading operations to Russian state-run oil major Rosneft , becoming the...

Strike at Total French refinery ends 23 Dec 2013 - 04:02 am

PARIS: Workers voted to end a strike over pay at Total’s Donges refinery in western France yesterday, the oil company said, though industrial...

UK housing market not out of control, says BoE official 23 Dec 2013 - 04:01 am

LONDON: The Bank of England is watching Britain’s fast-rising housing market closely and has the tools to take the heat out of it...

Marginal growth in Qatar real estate sector 23 Dec 2013 - 04:01 am

DOHA: The real estate market witnessed a marginal growth of nearly one percent during the second week of December 8-12 with the combined...

Qatari bourse index loses 65.82 points 23 Dec 2013 - 04:00 am

Doha: Qatar Exchange index lost 65.82 points, or 0.63 percent, yesterday to 10,402.77 points from the previous closing of 10,468.59 points, on the...

Pressure builds as retailers near holiday finish line 23 Dec 2013 - 04:00 am

NEW YORK/ LOS ANGELES: After buying and remodeling a home, Karin Gilles and her husband, Dave Muilenburg, are not splurging on holiday gifts...

Electrolux to add jobs at North American headquarters 23 Dec 2013 - 03:59 am

CHARLOTTE, Northy Carolina: Appliance maker Electrolux announced plans to create more than 800 additional jobs over the next four years in Charlotte as...

Swiss banks sign up to reveal hidden accounts 23 Dec 2013 - 03:59 am

GENEVA: Swiss banks are scrambling ahead of a December 31 deadline to decide whether to join a US programme aimed at zooming in...

Austria sees 1.5pc budget deficit 23 Dec 2013 - 03:59 am

VIENNA: Austria is targeting a structural budget deficit of 1.5 percent of economic output next year as it works toward a balanced budget...

Turkey’s economic imbalance could hurt growth, warns IMF 23 Dec 2013 - 03:58 am

WASHINGTON: Turkey remains vulnerable to a sudden slowdown or halt in capital inflows, and failure to address its imbalances could lead to “systemic...

Fennovoima signs reactor deal with Rosatom 23 Dec 2013 - 03:58 am

HELSINKI: Finnish nuclear consortium Fennovoima said it had signed an expected deal with Russia’s Rosatom to build and invest in its 1,200 megawatt...

Weekly Commodity Update : Precious metals hit as energy gets a boost 23 Dec 2013 - 03:55 am

By Ole Hansen (Head of Commodity Strategy, Saxo Bank) As the table shows, the energy sector was generally positive while metals were negative...