Business

Brent rises 28 Jun 2013 - 12:35 am

NEW YORK: Brent crude oil rose for a fourth straight session yesterday, gaining over $1 a barrel as conviction strengthened that monetary stimulus...

Ireland in recession 28 Jun 2013 - 12:35 am

DUBLIN: Ireland’s economy slid into recession late last year and continued to contract sharply in early 2013, new and revised figures showed yesterday,...

Shipping firms brace for Suez disruption 28 Jun 2013 - 12:34 am

LONDON: Growing turmoil in Egypt is threatening to disrupt shipments through the Suez Canal and increase the costs for shipping lines as Cairo’s...

EU lowers mobile fees from July 1 28 Jun 2013 - 12:34 am

BRUSSELS: Checking email or surfing the Web on a mobile phone while travelling in the European Union will be a third cheaper from...

European shares rise for third day 28 Jun 2013 - 12:19 am

A pedestrian checks the Tokyo stock index displayed at a securities company branch office in Tokyo yesterday. Japan’s benchmark Nikkei 225 Stock Average...

US jobless claims fall 28 Jun 2013 - 12:18 am

WASHINGTON: US consumer spending rebounded in May and new applications for unemployment benefits fell last week, suggesting the economy remained on a moderate...

Nestle to recruit 20,000 young people 28 Jun 2013 - 12:15 am

A supervisor explains a system to apprentices on a packaging line in the Nescafe production facility in Orbe. VEVEY, Switzerland: Nestle, the world’s...

Russia unveils revised $50bn state assets’ sell-off drive 28 Jun 2013 - 12:14 am

MOSCOW: Russia yesterday unveiled an ambitious revision of a state assets privatisation drive that is now valued at $50bn but keeps the Rosneft...

Azeri group rejects Nabucco line 27 Jun 2013 - 03:32 am

A worker rides a bicycle past gas pipes at Gas Connect Austria’s gas distribution node in Baumgarten some 40km east of Vienna. Nabucco...

Petrochemical production hit 16.8m tonnes 27 Jun 2013 - 03:31 am

DOHA: Petrochemicals production in Qatar hit 16.8m tonnes in 2012, making it the second largest producer in the GCC downstream sector, after Saudi...

Qatari bourse index climbs 0.9 percent 27 Jun 2013 - 03:31 am

DUBAI: Qatar’s benchmark rose yesterday as trading resumed after a one-day holiday during which the Emir handed over power to his son, calming...

Qatar commands 10pc of Mideast air charter: PJC 27 Jun 2013 - 03:30 am

DOHA: Qatar commands 10 percent of the air charter business in the Middle East. The Qatari businessmen make around six charter trips a...

Qtel’s legal name changes to Ooredoo 27 Jun 2013 - 03:30 am

DOHA: Qtel, recently rebranded as Ooredoo, yesterday confirmed that the required legal and regulatory approvals have been obtained and the company’s legal name...

Indian rupee hits new record low 27 Jun 2013 - 03:29 am

MUMBAI: India’s rupee touched a new record low of more than 60 to the dollar yesterday, deepening the abrupt slide in the currency...

Germany growth forecast trimmed 27 Jun 2013 - 03:29 am

Containers are pictured at a terminal in the harbour of Hamburg. Germany’s Ifo institute has trimmed its forecast for economic growth this year...

French jobless total at record high in May 27 Jun 2013 - 03:29 am

PARIS: The number of unemployed people in mainland France was stable in May with a negligible rise of 100 people, just nudging the...

UBS fined over hidden accounts 27 Jun 2013 - 03:28 am

PARIS: France’s banking watchdog said yesterday it had fined the French branch of Swiss bank UBS ¤10m ($13m) for helping hundreds of well-heeled...

Ireland warms up to bank probe 27 Jun 2013 - 03:28 am

DUBLIN: Ireland could try to beef up an inquiry into the 2008 rescue of failed banks that eventually forced the country into an...