Business

Indian rupee hits new low, RBI may intervene 20 Aug 2013 - 11:00 pm

MUMBAI: India’s rupee slumped to a new record low against the dollar yesterday, prompting suspected central bank intervention, amid fears that measures to...

Nissan Terrano debuts in India 20 Aug 2013 - 10:59 pm

A newly-unveiled Nissan “Terrano” compact sport utility vehicle during a news conference in Mumbai yesterday. Nissan aims to tap the relatively strong demand...

Vietnam coffee price falls 20 Aug 2013 - 10:56 pm

Coffee is displayed for sale at a shop along a street in Hanoi yesterday. Vietnam’s domestic coffee prices fell in line with global...

Brotherhood leader’s arrest buoys market 20 Aug 2013 - 10:56 pm

DUBAI: Egypt’s bourse snapped a three-session losing streak yesterday after authorities arrested Muslim Brotherhood leader Mohamed Badie, raising hopes among some investors that...

Qatar bourse adds 5.73 points 20 Aug 2013 - 10:55 pm

Doha: Qatar Exchange pursued its upswing trend yeserday adding 5.73 points or 0.06 percent to advance to 10,044.13 points from 10,038.40 on Monday....

UK housebuilders share rally to run further 20 Aug 2013 - 10:55 pm

LONDON: UK government-backed schemes have revitalised mortgage lending, helping drive stellar gains in housebuilders’ shares which could still be undervalued by 45 percent....

NMC Health’s H1 profit up 17pc 20 Aug 2013 - 10:54 pm

ABU DHABI: NMC Health Plc, the United Arab Emirates healthcare provider posted a 17.4 percent rise in first-half net profit helped by higher...

Dubai utility DEWA plans coal-fuelled power plant 20 Aug 2013 - 10:54 pm

DUBAI: State-owned Dubai Electricity and Water Authority has unveiled plans for a 1200 megawatt (MW) clean coal power plant and is seeking bidders...

QE index breaches 10,000 mark again 19 Aug 2013 - 11:54 pm

DOHA: Qatar Exchange (QE) Index breached the 10,000 resistance level yesterday, the second time within a span of two weeks, adding 1.30 percent...

30 development wells ready for Barzan project 19 Aug 2013 - 11:53 pm

One of the rigs at Barzan Well Head Platform 1. DOHA: RasGas Company Limited (RasGas) has completed offshore drilling for 30 development wells...

Real estate transactions double 19 Aug 2013 - 11:52 pm

DOHA: Despite summer season and Ramadan the real estate sector transactions during July doubled witnessing an incredible triple digit growth of 103 percent...

Qatar government spending grows to record QR178.2bn 19 Aug 2013 - 11:52 pm

DUBAI: Qatar’s government spending rose 2.2 percent to a record QR178.2bn ($48.9bn) in its last fiscal year, official data showed. Total state spending...

JPMorgan probe sends chill through banks 19 Aug 2013 - 11:51 pm

HONG KONG: A US banking regulator’s probe into JPMorgan’s hiring practices in China will have rival banks scrambling to review their own records,...

German investment clouded, says Bundesbank 19 Aug 2013 - 11:51 pm

FRANKFURT: The Bundesbank forecast yesterday that the German economy, Europe’s biggest, will return to “normal, steady growth” in the second half of 2013,...

Statoil funds expansion; OMV raises output with North Sea deal 19 Aug 2013 - 11:50 pm

OSLO/VIENNA: Norway’s Statoil sold stakes in North Sea oil fields to Austria’s OMV yesterday, in a $2.65bn deal giving the former cash to...

Bahrain Investcorp sells Skrill to CVC Capital for $800m 19 Aug 2013 - 11:50 pm

DUBAI: Bahrain-based Investcorp said yesterday it agreed to sell a majority stake in British online payments services firm Skrill Group to private equity...

Boeing undercuts rivals in S Korea fighter contest 19 Aug 2013 - 11:49 pm

T-50i advanced jet trainers at the headquarters of the Korea Aerospace Industries (KAI) in Sacheon, about 440km southeast of Seoul yesterday. The T-50i...

Small Libyan oil port resumes operations 19 Aug 2013 - 11:48 pm

TRIPOLI/LONDON: Libya’s largest crude oil export terminals were still shut yesterday but the reopening of a smaller one could pave the way to...