Business

Azeri group rejects Nabucco line 27 Jun 2013 - 03:32 am

A worker rides a bicycle past gas pipes at Gas Connect Austria’s gas distribution node in Baumgarten some 40km east of Vienna. Nabucco...

Petrochemical production hit 16.8m tonnes 27 Jun 2013 - 03:31 am

DOHA: Petrochemicals production in Qatar hit 16.8m tonnes in 2012, making it the second largest producer in the GCC downstream sector, after Saudi...

Qatari bourse index climbs 0.9 percent 27 Jun 2013 - 03:31 am

DUBAI: Qatar’s benchmark rose yesterday as trading resumed after a one-day holiday during which the Emir handed over power to his son, calming...

Qatar commands 10pc of Mideast air charter: PJC 27 Jun 2013 - 03:30 am

DOHA: Qatar commands 10 percent of the air charter business in the Middle East. The Qatari businessmen make around six charter trips a...

Qtel’s legal name changes to Ooredoo 27 Jun 2013 - 03:30 am

DOHA: Qtel, recently rebranded as Ooredoo, yesterday confirmed that the required legal and regulatory approvals have been obtained and the company’s legal name...

Indian rupee hits new record low 27 Jun 2013 - 03:29 am

MUMBAI: India’s rupee touched a new record low of more than 60 to the dollar yesterday, deepening the abrupt slide in the currency...

Germany growth forecast trimmed 27 Jun 2013 - 03:29 am

Containers are pictured at a terminal in the harbour of Hamburg. Germany’s Ifo institute has trimmed its forecast for economic growth this year...

French jobless total at record high in May 27 Jun 2013 - 03:29 am

PARIS: The number of unemployed people in mainland France was stable in May with a negligible rise of 100 people, just nudging the...

UBS fined over hidden accounts 27 Jun 2013 - 03:28 am

PARIS: France’s banking watchdog said yesterday it had fined the French branch of Swiss bank UBS ¤10m ($13m) for helping hundreds of well-heeled...

Ireland warms up to bank probe 27 Jun 2013 - 03:28 am

DUBLIN: Ireland could try to beef up an inquiry into the 2008 rescue of failed banks that eventually forced the country into an...

Recession in Spain easing: central bank 27 Jun 2013 - 03:27 am

MADRID: Spain’s job-destroying recession is set to ease in the second quarter of 2013 as activity improves, the Bank of Spain said yesterday,...

Ford Ecosport launched in India 27 Jun 2013 - 03:27 am

President and Managing Director of Ford India Joginder Singh with newly-launched Ford Ecosport in New Delhi yesterday. Car sales in India slid by...

Higher costs trouble Saudi telecom giant 27 Jun 2013 - 03:26 am

DUBAI: Saudi Telecom Co (STC) is a company with a market capitalisation of $21bn but no permanent chief executive. It has spent billions...

Oman sukuk gets regulatory approval 27 Jun 2013 - 03:26 am

DUBAI: Oman’s first corporate sukuk has received regulatory approval and the five-year, RO50m ($130m) private placement aims to close next month, its lead...

Gold nears three-year low, set for record quarterly loss 27 Jun 2013 - 03:25 am

LONDON: Gold hit its lowest in almost three years yesterday and was on course for a record quarterly loss after US data reinforced...

Sharp to make cutting-edge LCDs in China 27 Jun 2013 - 03:25 am

TOKYO: Troubled Japanese electronics giant Sharp Corp is to produce cutting-edge LCD panels for smartphones in a Chinese joint venture from as early...

Total eyes UK shale gas, awaits bidding for a stake 27 Jun 2013 - 03:24 am

PARIS: French oil major Total would like to explore shale gas in Britain but is not currently in talks to acquire stakes in...

Central Bank of Sri Lanka projects high growth 27 Jun 2013 - 03:23 am

Men work at a construction site at Colombo port yesterday. The Central Bank of Sri Lanka is projecting the economy will grow 7.5...