Business

India’s mountain of coal problems 02 Jan 2013 - 12:44 am

BASUNDHARA, India: Across India, thermal power stations are running below capacity because they can’t get enough coal, and factories are running on expensive...

New Year eve trade 01 Jan 2013 - 01:15 am

Trader Joseph Mastrolia wears “2013” glasses celebrating New Year’s Eve as he works on the floor of the New York Stock Exchange in...

Qatar’s foreign investment hits QR163.8bn in 2012 01 Jan 2013 - 01:15 am

DOHA: Qatar’s sovereign wealth fund (SWF) investment in abroad has reached QR163.8bn in 2012. The country’s 2012 foreign investment is $32bn higher than...

Qatar Exchange disappoints investors in ’12 01 Jan 2013 - 01:14 am

DOHA: Qatari stocks didn’t fare well in 2012, leaving investors largely dejected as they could make only marginal gains of QR2.53bn, or $693m,...

Imports rise, balance of merchandise trade drops 01 Jan 2013 - 01:14 am

DOHA: Qatar’s total exports in Q3, 2012 have increased by 7.3 percent compared to a year ago. The country’s total export value reached...

Brent hits record annual average 01 Jan 2013 - 01:14 am

NEW YORK: Brent crude futures closed in on a record full-year average daily price for 2012, even with oil prices mixed in choppy...

Gold finishes up 6.1pc in 2012 01 Jan 2013 - 01:13 am

NEW YORK: Gold jumped on the last trading day of 2012 to finish up 6 percent on the year on news of a...

Investors can expect eventful 2013 01 Jan 2013 - 01:13 am

DOHA: The year 2012 wasn’t quite good for the Qatari bourse, but investors can look forward to an eventful 2013 as a slew...

US crisis mars bumper year for Europe shares 01 Jan 2013 - 01:09 am

LONDON: European stocks were set to rack up their best yearly gain since 2009 yesterday but the outlook was worsening due to the...

Dubai aims to shrink budget deficit by 18pc 01 Jan 2013 - 01:08 am

DUBAI: Dubai has released a 2013 budget plan that would raise spending moderately while cutting the size of its deficit by 18 percent,...

Tribune exits bankruptcy; assets sale likely 01 Jan 2013 - 01:08 am

CHICAGO: US media conglomerate Tribune Co exited bankruptcy yesterday after four years of court supervision, with the future of its assets including The...

Yemen resumes oil flows after pipeline repairs 01 Jan 2013 - 01:08 am

SANAA: Yemen’s main oil pipeline, damaged in repeated bombings by armed men, resumed pumping crude yeterday after repairs, sources at state-run Safer oil...

Samsung loses order 01 Jan 2013 - 01:07 am

South Korea’s No 2 shipbuilder Samsung Heavy Industries’ shipbuilding yard in Geoje, about 470km southeast of Seoul. Samsung Heavy Industries said an Asian...

Mursi sees pound stabilising ‘within days’ 01 Jan 2013 - 01:07 am

CAIRO: Egypt’s pound fell to a record low yesterday as the president signalled his government would allow it to depreciate slowly for several...

Singapore likely in recession after GDP data, say analysts 01 Jan 2013 - 01:06 am

SINGAPORE: Singapore likely slipped into recession in the three months to December, analysts said yesterday, as data showed growth in 2012 came in...

UK likely to lose AAA credit rating: Economists 01 Jan 2013 - 01:06 am

London: Britain is expected to lose its gold-plated AAA credit rating this year, dealing a blow to the Chancellor (finance minister) George Osborne’s...

UAE risks slowing property recovery 01 Jan 2013 - 01:06 am

DUBAI: Last September, people lined up for hours in a square outside the headquarters of leading Dubai real estate developer Emaar Properties, waiting...

China manufacturing hits 19-month high 01 Jan 2013 - 01:05 am

BEIJING: China’s manufacturing activity surged to a 19-month high in December, British bank HSBC said yesterday, adding to signs of recovery in the...