Business

Turkish lira firms; analysts doubt central bank firepower 10 Jul 2013 - 09:27 am

ANKARA: The Turkish currency, the lira, firmed in early trading yesterday, having rallied on Monday after the central bank intervened on the foreign...

Lloyds buyout arm targets record year 10 Jul 2013 - 09:27 am

LONDON: The private equity arm of Lloyds Banking Group is targeting a record £400m ($603m) worth of deals this year, extending one of...

Germany warned over Mercedes coolant 10 Jul 2013 - 09:26 am

BRUSSELS/BERLIN: The European Commission has warned Germany it faces possible action over Daimler’s refusal to remove a banned refrigerant from new cars, after...

M&S pins hopes on new ranges 10 Jul 2013 - 09:26 am

LONDON: British retailer Marks & Spencer posted an eighth consecutive quarterly fall in underlying sales of clothing, piling pressure on management to deliver...

QE index ends losing streak, up 0.29pc 10 Jul 2013 - 09:26 am

Doha: Qatar Exchange index ended its losing streak yesterday adding 26.75 points or 0.29 percent to advance to 9,309.63 points from 9,282.88 on...

EU hits Russia with first WTO dispute over car levy 10 Jul 2013 - 09:25 am

GENEVA/BRUSSELS: The European Union launched the first formal trade dispute with Russia at the World Trade Organisation yesterday, less than a year after...

Gold shines on flat dollar 10 Jul 2013 - 09:25 am

LONDON: Gold rose for a second consecutive session yesterday, as the dollar held below three-year highs and China inflation data boosted the metal’s...

Nakheel profit rise signals confidence in Dubai property 10 Jul 2013 - 09:20 am

DUBAI: Dubai property developer Nakheel , one of the biggest casualties of the emirate’s real estate market crash in 2009, posted a 57...

Helium2 plant at RasGas begins output 09 Jul 2013 - 12:15 am

Officials during a tour of RasGas’s Helium2 plant. DOHA: RasGas Company Limited (RasGas) yesterday announced that its recently completed Helium2 plant produced the...

Oxy Qatar, GDI sign QR273m deal 09 Jul 2013 - 12:14 am

Officials exchanging documents at the signing ceremony. DOHA: Occidental Petroleum of Qatar Ltd (Oxy Qatar) has signed a QR273m contract with Gulf Drilling...

Brent crude slips towards $107 on dollar strength 09 Jul 2013 - 12:14 am

LONDON: Brent crude oil slipped towards $107 a barrel yesterday because of a rising dollar, after reaching a three-month high earlier in the...

Eurozone grants $8.7bn lifeline to Greece 09 Jul 2013 - 12:13 am

BRUSSELS: Greece secured a ¤6.8bn ($8.7bn) lifeline from the eurozone yesterday, officials said, but was told it must keep its promises on cutting...

Indian rupee tumbles as US jobs data boosts dollar 09 Jul 2013 - 12:13 am

MUMBAI: India’s rupee slid to a new record low against the dollar yesterday as the US currency was boosted by stronger than expected...

China growth at 23-year low 09 Jul 2013 - 12:12 am

A man takes pictures of office buildings in the financial district of Pudong in Shanghai yesterday. China’s resolve to revamp its economy for...

Serbia pledges public sector reforms 09 Jul 2013 - 12:11 am

BELGRADE: Serbia will begin reforming its costly public sector and pension system before the end of the year, the government said yesterday, as...

Qatar to invest $140bn in infrastructure: Deloitte 09 Jul 2013 - 12:11 am

DOHA: Qatar plans to invest over $140bn in transport infrastructure in anticipation of the FIFA World Cup 2022. Plans to construct new roads...

Oil flow via Kirkuk-Ceyhan link to resume soon 09 Jul 2013 - 12:11 am

KIRKUK: The flow of crude from Kirkuk in Iraq to the port of Ceyhan in Turkey will resume in two to three days...

QInvest’s QMAP funds included in RBC Investor platform 09 Jul 2013 - 12:10 am

DOHA: QInvest, Qatar’s leading investment bank has announced the inclusion of the QInvest Managed Account Platform (QMAP) funds to the global fund platform...