Business

Groupon fails to end lawsuit alleging fraud linked to IPO 22 Sep 2013 - 10:57 pm

New york: Groupon Inc failed to persuade a federal judge to dismiss a lawsuit accusing the daily discount deals provider of misleading investors...

Brazil ready to finance Petrobras in offshore oil auctions 22 Sep 2013 - 10:57 pm

RIO DE JANEIRO: Brazil’s government plans to finance state-run oil company Petroleo Brasileiro SA’s participation in the October 21 auction of Libra, country’s...

Burst of IPOs follows gains in stock market 22 Sep 2013 - 10:56 pm

New York: September stock-market rise fuels demand for IPOs, with sudden rush of companies going public The stock market has been heating up,...

Lockmaker eyes key to profits in the cloud 22 Sep 2013 - 10:52 pm

Assa Abloy locks are displayed in a shop in Riga, yesterday. Despite the rapid pace of technology that has overhauled many consumer goods,...

IPO speculation weighs on Qatari bourse 22 Sep 2013 - 10:52 pm

Doha: Qatar Exchange index dipped by 85 points, or 0.86 percent, to 9,785.90 points from the previous closing of 9,870.90 points. The volume...

US companies await reforms from China 22 Sep 2013 - 10:51 pm

WASHINGTON: US companies in China are taking a cautious view of the new Chinese leadership, hoping a key November Communist Party meeting will...

GE wins $2.2bn Algeria contract 22 Sep 2013 - 10:51 pm

ALGIERS: General Electric Co has won a $2.2bn contract to provide turbines for six power plants in Algeria, state energy giant Sonatrach announced...

Chiquita seeks blocking Colombian case 22 Sep 2013 - 10:49 pm

MIAMI: Faced with potentially billions of dollars in legal liability, Chiquita Brands International is asking a federal appeals court to block lawsuits filed...

SAK Holding’s Valley City wins Leaf Awards 22 Sep 2013 - 01:15 am

Dr Sheikh Khalid bin Thani Al Thani (third left), Sheikh Turki bin Khaled bin Thani Al Thani (second left) and Engineer Marwan Zugheib...

Minister lauds Muntajat achievements 22 Sep 2013 - 01:14 am

H E Dr Mohammed bin Saleh Al Sada during a tour of Muntajat headquarters. Doha: The Minister of Energy and Industry H E...

Net profit growth pace of Qatar banks declines 22 Sep 2013 - 01:13 am

By Satish Kanady DOHA: The pace of growth in net profit of Qatar’s banking sector declined in 2012. Though the growth in gross...

Real estate sector gobbles up credit 22 Sep 2013 - 01:12 am

DOHA: Qatar Central Bank’s latest Financial Stability Review noted that a major chunk of private sector credit has gone to the real estate...

Enterprise Qatar launches Jadwa for SMEs 22 Sep 2013 - 01:12 am

Doha: Enterprise Qatar (EQ) is set to launch their latest initiative, ‘Jadwa’, which offers 70 percent subsidised consultancy services to the entrepreneurs and...

Big shareholder concedes to Smithfield deal 22 Sep 2013 - 01:11 am

New York: Smithfield Foods Inc’s largest shareholder says it would vote in favour of a proposed takeover by a Chinese meat producer after...

QIIB holds workshop for senior executives 22 Sep 2013 - 01:09 am

Abdulbasit Ahmad Abdul Rahman Al Shaibei addressing the workshop. DOHA: International Islamic (QIIB) held a one-day workshop for its senior executives. Chaired by...

UK economy faces structural weakness 22 Sep 2013 - 01:09 am

Doha: A raft of positive economic data on the UK economy has raised expectations that the economy may be emerging from an extended...

QFMA signs multilateral MoU with IOSCO 22 Sep 2013 - 01:09 am

DOHA: Qatar Financial Markets Authority (QFMA) signed a multilateral memorandum of understanding (MMoU) with the International Organisation of Securities Commissions (IOSCO) in Luxemburg...

Ranbaxy taking ‘stringent steps’ to end US ban on imports 22 Sep 2013 - 01:06 am

Ranbaxy-manufactured drugs are seen at a chemist shop in New Delhi. Ranbaxy Laboratories has assured shareholders it is taking “stringent steps” to resolve...