Business

Gas row in Australia 27 Jul 2013 - 01:14 am

Ships wait to be loaded at the Rio Tinto alumina refinery in Gove, also known as Nhulunbuy, located 650km east of Darwin in...

Banks shiver as UBS fined $885m 27 Jul 2013 - 01:13 am

WASHINGTON/LONDON: UBS will pay $885 million in a settlement with a US regulator over allegations the Swiss bank misrepresented mortgage-backed bonds during the...

Insurers Allianz and QBE most exposed to Spain train crash 27 Jul 2013 - 01:13 am

MADRID/LONDON: Germany’s Allianz and Australian group QBE bear the bulk of the insurance liability from this week’s fatal train crash in northwest Spain,...

India’s Wipro shows signs of revival with boost in profit 27 Jul 2013 - 01:10 am

MUMBAI: India’s third-largest software firm Wipro said yesterday quarterly net profit jumped 11 percent on the back of a rise in outsourcing orders...

Dollar slips in Asian trade 27 Jul 2013 - 01:09 am

TOKYO: The dollar slipped in Asia yesterday as poor US data weighed, while the euro was mixed after an upbeat German business climate...

Asian shares mixed, strong yen sinks Tokyo 27 Jul 2013 - 01:09 am

HONG KONG: Asian markets were mixed yesterday, with Tokyo tumbling as the dollar fell to a two-week low against the yen after suffering...

Obama may not name Fed chair soon: Official 27 Jul 2013 - 01:09 am

WASHINGTON: The White House moved yesterday to damp down speculation about President Barack Obama’s choice to lead the Federal Reserve when current Chairman...

Qatar keen to welcome Palestinian investments 26 Jul 2013 - 02:21 am

Nasser Al Meer (middle), Board Member of Qatar Chamber, with other participants at the seminar. BY MOHAMMAD SHOEB DOHA: Small investments can make...

Strong Q2 earnings 26 Jul 2013 - 02:20 am

A United Airlines 747 arrives at San Francisco International Airport in San Francisco, California, yesterday. United Continental Holdings, the parent company of United...

QE hits fresh 52-week high, bourse adds 1.52pc 26 Jul 2013 - 02:19 am

DOHA: Qatar Exchange index added 0.46 percent after a one-session decline to hit another 52-week high yesterday. The index rose 44.58 points to...

Energy City Qatar in early settlement of $185m loan 26 Jul 2013 - 02:19 am

DOHA: Energy City Qatar (ECQ), provider of an integrated set of services to real estate sector, recently made an early settlement of $185m...

Mitsubishi recalls 650,000 cars in Japan on fire risk 26 Jul 2013 - 02:19 am

TOKYO: Mitsubishi Motors yesterday recalled more than 650,000 small cars sold in Japan over a possible fire risk. The recall covers three models,...

US stocks close higher as Facebook soars 30pc 26 Jul 2013 - 02:17 am

Brand new Chevrolet cars are displayed at a Chevrolet showroom in Colma, California. General Motors reported a 19 percent drop in second quarter...

BlackBerry cuts 250 jobs 26 Jul 2013 - 02:17 am

OTTAWA: Struggling smartphone maker BlackBerry has fired 250 employees in a new product testing division at its Canadian headquarters, a spokeswoman said yesterday....

GM profits, revenue beat forecasts 26 Jul 2013 - 02:17 am

NEW YORK CITY: General Motors yesterday reported better-than-expected profit and revenue for the second quarter on strong US demand and shrinking losses in...

Qatar Luxury Group to launch first boutique 26 Jul 2013 - 02:16 am

DOHA: Qatar Luxury Group will launch the first boutique for its luxury brand Qela in Doha in late September, selling leather goods, shoes,...

Statoil profit falls on lower oil, gas prices 26 Jul 2013 - 02:16 am

OSLO: State-backed Norwegian oil giant Statoil said yesterday that second-quarter profit fell more than expected due to sliding oil and gas prices and...

UK builds on economic recovery 26 Jul 2013 - 02:16 am

LONDON: Britain’s economic recovery accelerated in the second quarter, official data showed yesterday, but finance minister George Osborne insisted that the government would...