Business

Sweden sells mineral wealth too cheap 13 Jan 2014 - 06:26 am

STOCKHOLM: Sweden scores high in international rankings of mining nations, but concern is growing that the Scandinavian country is selling its vast underground...

World Bank’s IFC fixing Honduras project 13 Jan 2014 - 06:25 am

WASHINGTON: The International Finance Corp, the World Bank’s private finance arm, said yesterday it was taking action to remedy problems in a Honduras...

Turkish auto production up 5pc last year 13 Jan 2014 - 06:25 am

ISTANBUL: Turkish automotive production rose five percent in 2013 to 1.13 million units, but is expected to decline this year as domestic demand...

ThyssenKrupp chief tests shareholders patience 13 Jan 2014 - 06:25 am

FRANKFURT: Three years after taking the helm at ThyssenKrupp, Heinrich Hiesinger is running out of time to implement his ambitious plan to retool...

Swiss private banking sector shaken up by key players’ shift 13 Jan 2014 - 06:24 am

GENEVA: The exclusive Swiss private banking sector has been revolutionised by key players Pictet, Lombard Odier, and Mirabaud, amid a tough new regulatory...

Bulgaria taps export niches to escape doldrums 13 Jan 2014 - 06:24 am

SOFIA: Bulgaria’s economic outlook may be gloomy but Dragomir Kouzov, founder of bicycle manufacturer Drag and one of a new breed of niche...

Federal Reserve paid government $77.7bn last year 13 Jan 2014 - 06:24 am

WASHINGTON: The Federal Reserve said it paid the federal government $77.7bn in 2013. That was down from the record set in 2012 but...

Eurozone back to normal as investors return 13 Jan 2014 - 06:23 am

PARIS: The eurozone may be finally returning to some semblance of normality after years of debt crisis that brought fear to the world. ...

Australia’s Telstra may sell Sensis for $2.7bn 13 Jan 2014 - 06:21 am

Melbourne: Australia’s biggest phone company Telstra Corp is in advanced talks with a US private equity firm over the sale of its Sensis...

Saudi British Bank Q4 net profit jumps 20 percent 13 Jan 2014 - 06:21 am

RIYADH: Saudi British Bank (SABB), Saudi Arabia’s fourth-largest listed bank, said its fourth-quarter net profit rose 20 percent over the same period of...

Weekly Money Market Review with IBQ: ECB and Bank of England leave key interest rates unchanged 13 Jan 2014 - 06:13 am

The Dollar index started the week on a positive note, rallying towards a seven-week high of 81.166, after the ADP report showed private...

QE index opens week on a strong note 13 Jan 2014 - 03:26 am

DOHA: QE Index opened the week with a strong note extending its two-week rally on the back of receiving boost from shares in...

RasGas plans to convert more vessels into LNG 12 Jan 2014 - 07:14 am

DOHA: With the International Maritime Organisation (IMO) deciding to regulate maritime transport’s emission rate from January 2015, RasGas is planning to convert over...

Gulf states to drive Mena growth 12 Jan 2014 - 07:12 am

Doha: Greater integration into the global economy of the Mena ex-GCC region through increased trade openness and enhanced competitiveness could raise long-term regional...

Rice production in India 12 Jan 2014 - 07:11 am

A worker throws rice through the air to remove dust at an agriculture product marketing committee yard at Sanand in the western Indian...

Vehicle sales surpass 20 million in China 12 Jan 2014 - 07:10 am

Traffic moves along a bridge on the Chang Jiang river in Wuhan, China. BEIJING: China’s main car association forecast that the world’s biggest...

$574m at stake in Panama Canal contract, says Sacyr 12 Jan 2014 - 07:09 am

MADRID: Sacyr, the Spanish building company leading a consortium to expand the Panama Canal, said it risks losing $574m in guarantees and advance...

Prokon warns of insolvency 12 Jan 2014 - 07:08 am

The headquarters of Prokon in Itzehoe, Germany, yesterday. Reports state that the renewable energy company Prokon has warned its investors of insolvency.