Business

British bond yields at highest since 2011 as economic outlook improves 30 Dec 2013 - 09:54 am

LONDON: British government bonds tumbled on Friday, pushing yields to their highest level since mid-2011 as a brighter economic outlook encouraged investors into...

Weekly Money Market Review with IBQ: Thin trading triggers high volatility in forex markets 30 Dec 2013 - 09:52 am

The holiday season quietness continued as most of the major global markets were off duty most of last week due to the Christmas...

Weekly Commodity Update: Will growth bring a strong January for commodities once again? 30 Dec 2013 - 09:52 am

By Ole Hansen (Head of Commodity Strategy, Saxo Bank) Thin holiday markets have yielded a surprise strong performance by the metal sector, not...

Bait Al Mashura, World Bank sign agreement 30 Dec 2013 - 05:10 am

Officials during the signing ceremony. DOHA: Bait Al Mashura Finance Consultations has signed an agreement with the World Bank in order to reinforce...

Latvia to adopt euro on January 1 29 Dec 2013 - 10:01 am

Linda Grabouska shows a euro starter pack, containing a mixture of euro coins, she picked up with her daughter Jasmina at the Marupe...

Small jet makers see big chance as China prepares to open skies 29 Dec 2013 - 09:59 am

People attend the Shanghai International Business Aviation Show at the Hongqiao International Airport in Shanghai. BEIJING: Ferraris and Rolls-Royces have become common sights...

Tunisia raises interest rate 29 Dec 2013 - 09:57 am

Men talk as they stand outside the Central Bank in Tunis. Tunisia’s central bank raised its benchmark interest rate to 4.5 percent from...

Shopping spree in London 29 Dec 2013 - 09:56 am

Shoppers pass a sale sign on Oxford Street in central London yesterday.

End of trading celebration 29 Dec 2013 - 09:54 am

Traders celebrating on the last day of trading in front of a giant electronic board at the Philippine Stock Exchange in Manila.

Counterfeit Hong Kong dollar 29 Dec 2013 - 09:53 am

An authentic HK$1,000 banknote sample is displayed above a counterfeit note under ultraviolet light during a joint news conference held by Hong Kong...

Lego bull at Frankfurt bourse 29 Dec 2013 - 09:53 am

A giant bull made from Lego blocks on the trading floor of the stock exchange in Frankfurt Main, Germany. The new mascot of...

FLSmidth wins Al Khalij Cement deal 29 Dec 2013 - 09:50 am

By Satish Kanady DOHA: Global Company FLSmidth has received an order worth DKK515m for Qatari cement producer Al Khalij Cement covering supply of...

Libya’s Hariga port to resume oil exports 29 Dec 2013 - 09:50 am

BENGHAZI: Libya’s eastern Hariga port will resume oil exports within days after protesters agreed to end a four month blockage, an oil official...

No urgent need to cut rates further: ECB president 29 Dec 2013 - 09:50 am

BERLIN: European Central Bank President Mario Draghi sees no urgent need to cut the euro zone’s main interest rate further and no signs...

QCB sets up Qatar Central Securities Depository Co 29 Dec 2013 - 09:49 am

Doha: Qatar Central Bank (QCB) has announced the establishment of Qatar Central Securities Depository QCSD, which will begin functioning on January 2. The ...

Two more Swiss banks sign up to US tax deal 29 Dec 2013 - 09:48 am

ZURICH: Lombard Odier & Cie and VP Bank (Switzerland) became the latest Swiss banks to say they would work with US officials in...

Monte shareholders delay cash call 29 Dec 2013 - 09:48 am

SIENA: Italy’s third-biggest bank Monte dei Paschi di Siena was forced to delay a vital ¤3bn ($4.1bn) share sale to raise capital until...

Rosneft to focus on Morgan Stanley deal 29 Dec 2013 - 09:47 am

MOSCOW: Rosneft said on Friday it will focus on integrating Morgan Stanley’s oil trading unit it agreed to buy last week rather than...