Business

Nakheel plans early debt repayments 05 Jan 2014 - 06:31 am

DUBAI: Dubai developer Nakheel plans to repay nearly a third of its total bank debt in the first quarter of 2014, well ahead...

US crude imports tumble to lowest level 05 Jan 2014 - 06:31 am

NEW YORK: US crude oil imports fell to the lowest level in almost 16 years as domestic output rose, the Energy Information Administration...

Draining oilfields may force Indonesia to import fuel 05 Jan 2014 - 06:30 am

JAKARTA: Magenta-coloured bars creep up on a monitor screen at the control room of Senipah-Peciko-South Mahakam oil terminal in Indonesia’s East Kalimantan province,...

Commodity prices fall in downbeat start to ’14 05 Jan 2014 - 06:30 am

LONDON: Commodity prices mainly fell this week in low-volume trade on the back of weak Chinese economic data, while many participants were away...

Corporate leaders in Japan optimistic about economy 05 Jan 2014 - 06:29 am

TOKYO: Most leaders of major Japanese companies believe the economy is picking up, but many of them are still cautious about making capital...

Bank of England likely to lower unemployment rate guidance 05 Jan 2014 - 06:29 am

LONDON: The Bank of England may have to lower the 7 percent unemployment rate threshold that it has said would trigger discussion of...

Revenues of QP rise to QR330.33bn in 2012 05 Jan 2014 - 06:28 am

bY MOHAMMAD SHOEB DOHA: The revenues of Qatar Petroleum (QP) in 2012 reached at QR330.33bn ($90.71bn), up by over 14 percent compared to...

Libya budget crisis looms as oil strikes wipe out finances 05 Jan 2014 - 06:28 am

TRIPOLI: , As strikes at Libyan oil ports run into a sixth month, reducing government income to a trickle, a budget crisis could...

Bernanke urges more action to boost economic recovery 05 Jan 2014 - 06:27 am

WASHINGTON: Federal Reserve Chairman Ben Bernanke, who steps down at the end of January, called for more action to ensure the United States...

MPHC to give 4 months’ dividend to subscribers 05 Jan 2014 - 03:50 am

The Minister of Finance H E Ali Sherif Al Emadi speaking to the media at a press conference Doha yesterday. Doha: The Minister...

US automobile sales miss expectations 04 Jan 2014 - 04:26 am

Car salesman Leo Emerson sits at his desk surrounded by a Chrysler 200 Limited and 300 at Bill Snethkamp dealership in Detroit, Michigan,...

Boeing workers’ ire 04 Jan 2014 - 04:25 am

People chant “vote no” during a Boeing union rally against the new contract put forth by Boeing in Seattle, Washington. Union machinists of...

Chinese steel production 04 Jan 2014 - 04:24 am

Employees working in a steel factory in Lianyungang, Jiangsu province, yesterday.

ATIC to invest up to $10bn in US chip plant 04 Jan 2014 - 04:24 am

ABU DHABI: Abu Dhabi’s Advanced Technology Investment Co (ATIC) plans to invest up to $10bn over the next two years in GlobalFoundries’ upstate...

Dollar eases against yen, falls from 5-year high 04 Jan 2014 - 04:24 am

SINGAPORE: The dollar fell against the yen in Asia yesterday, extending losses seen in New York, as the unit retreated from a five-year...

Brent retreats more, driven by chance of more Libyan oil 04 Jan 2014 - 04:23 am

LONDON: Brent crude oil fell towards $107 a barrel yesterday on continued expectation of a rise in Libyan supply, though a larger-than-expected draw...

Housing spurs 2013 UK growth, investment doubts cloud 2014 04 Jan 2014 - 04:23 am

LONDON: Britain’s booming construction industry and fast-rising house prices suggest the economy finished 2013 on a high but a sharp fall in business...

Madrid says mediating to resolve Panama Canal cost row 04 Jan 2014 - 04:22 am

MADRID: Spain’s government said yesterday it was in talks with Panama and Spanish builder Sacyr to try to resolve a row over a...