Business

High eurozone jobless rate hits the young 01 Jun 2013 - 01:09 am

BRUSSELS: Eurozone unemployment hit a fresh high in April for the 24th month, deepening the plight of the jobless young and raising analyst...

European stocks and euro drop 01 Jun 2013 - 01:04 am

LONDON: European stock markets fell and the euro dropped against the dollar yesterday as traders digested record high eurozone unemployment data following weak...

Swiss banks break ranks as US tax probe bites 01 Jun 2013 - 01:04 am

ZURICH: The unified front with which Switzerland’s banks have defended their culture of secrecy is breaking down as some prepare to hand over...

UK gas import dependence at new high 01 Jun 2013 - 12:48 am

LONDON: Britain’s net gas imports rose to the highest ever level in the first quarter, government data showed, underscoring the country’s growing dependence...

US consumer spending falls by 0.2pc in April 01 Jun 2013 - 12:47 am

WASHINGTON: US consumer spending fell in April for the first time in almost a year and inflation pressures were subdued, pointing to a...

Opec to leave output unchanged 31 May 2013 - 01:01 am

A general view of the Opec building and logo in Vienna. VIENNA: Opec oil exporters, set to leave output policy unchanged, were weighing...

Qatari stocks buoyant 31 May 2013 - 01:01 am

DOHA: Qatari stocks remained buoyant in this week’s trading that ended yesterday with the main benchmark index continuing to rise after breaching the...

Al Sada leads Qatar team to Opec meeting 31 May 2013 - 01:01 am

Doha: H E Dr Mohammed bin Saleh Al Sada, Minister of Energy and Industry, has left for Vienna heading a delegation of Qatar...

Toyota to make batteries in China 31 May 2013 - 01:00 am

BEIJING: Toyota Motor Corp is moving to set up a joint venture in China with a local Chinese company to produce batteries for...

US GDP revised slightly lower; austerity bites 31 May 2013 - 01:00 am

WASHINGTON: A drop in government spending dragged more on the US economy than initially thought in the first three months of the year,...

Indian Hotels posts loss 31 May 2013 - 12:59 am

Tourists use binoculars in front of the Taj Mahal Hotel in Mumbai yesterday. Indian Hotels Co Ltd posted a Rs3.4bn ($60.51m) net loss...

Al Khaliji extends financing to Lusail infrastructure development 31 May 2013 - 12:58 am

Doha: Al Khalij Commercial Bank (al khaliji) has extended contract financing facilities to a venture between Midmac Contracting Co WLL (Midmac) and Yuksel...

Key European stocks brush off Tokyo fall 31 May 2013 - 12:57 am

LONDON: European stock markets rose yesterday despite plunging Japanese stocks as traders digested US growth data and signs of improved confidence in the...

Egypt converts Qatari funds into 18-month notes: Official 31 May 2013 - 12:57 am

CAIRO: Egypt has converted $2.5bn that Qatar lent it in December into 18-month notes and is working to convert another $3bn lent this...

Bahrain to host oil and gas dispute resolution meet 31 May 2013 - 12:57 am

MANAMA : The International Oil and Gas Dispute Resolution Conference 2013 yesterday announced the Patronage of HRH Prince Khalifa bin Salman Al Khalifa,...

Anti-money laundering meet held 31 May 2013 - 12:56 am

DOHA: Pricewaterhouse-Coopers (PwC) yesterday hosted the first of its ‘PwC Series’ events on anti-money laundering, with particular focus on recent changes to the...

Mobile app payment 30 May 2013 - 02:03 am

A cashier of German supermarket chain Edeka Netto scans a shopping app on a customer’s iPhone in Berlin, yesterday. Customers of the supermarket...

Blue chips lift Qatar index to 28-month high 30 May 2013 - 02:03 am

DUBAI: Qatar’s blue chips helped lift the bourse to a new 28-month high on Wednesday, while most other Gulf markets also gained. Doha’s...