Business

QE index falls on profit booking by local retail investors 27 Dec 2013 - 09:03 am

DOHA: Qatar Exchange (QE) index edged low last week on profit taking by local retail investors. The benchmark index shed 77.42 points or...

Turkish lira dips to new low 27 Dec 2013 - 09:01 am

ISTANBUL: Turkey’s lira fell to consecutive all-time lows against the dollar yesterday, hit by a corruption scandal that has spiralled into a crisis...

Libya’s Misrata port handles record container unloading 27 Dec 2013 - 09:00 am

MISRATA, Libya: Container unloading at Libya’s Misrata port has hit record levels this year and the major shipping gateway is expanding, a local...

Target faces almost two dozen lawsuits 27 Dec 2013 - 09:00 am

NEW YORK: Target, the second-largest US discount chain, faces almost two dozen lawsuits filed by customers after a computer security breach exposed data...

Report: 62pc of GCC-listed firms miss analysts’ estimates 27 Dec 2013 - 08:59 am

DOHA: More than half of the GCC listed companies’ results in the third quarter of 2013, including the results of many firms in...

Brent slips on refinery woes, petrol gains 27 Dec 2013 - 08:59 am

NEW YORK: Brent oil fell yesterday as French workers extended a strike at two refineries, which limited demand, while US oil prices rose...

Unemployment rate rises in France 27 Dec 2013 - 08:58 am

PARIS: France’s number of registered job-seekers rose by 17,800 in November to 3.29 million, the labour ministry said yesterday, challenging government claims to...

Gold, silver gain as traders cover short positions 27 Dec 2013 - 08:58 am

LONDON: Gold gained nearly one percent in thin year-end holiday trade yesterday, but was still set for its biggest annual loss in three...

SoftBank on course to buy T-Mobile 26 Dec 2013 - 12:21 pm

A woman walks past the logo of Japan’s telecommunications giant SoftBank in Tokyo yesterday. TOKYO: Japan’s SoftBank plans to acquire T-Mobile US through...

Suzuki unveils Hustler 26 Dec 2013 - 12:19 pm

Suzuki Motor Corp Chairman and Chief Executive Officer Osamu Suzuki (right) and other officials pose beside the new boxy minicar “Hustler” during its...

China Mobile plan 26 Dec 2013 - 12:18 pm

The logos of Apple Computer and China Mobile are emblazoned on a mobile phone shop in Beijing yesterday. China Mobile, the world’s largest...

Carrefour aims to boost growth in Brazil 26 Dec 2013 - 12:16 pm

A view of a Carrefour store in Sao Paulo. The appointment of a financial and IPO expert to head its Brazilian operations signals...

Russia’s car market stalls 26 Dec 2013 - 12:15 pm

MOSCOW: A year of disappointing auto sales in Russia has dealers and carmakers worried that a once-red hot market that was set to...

Crowdfunding experts gather in Cairo to discuss benefits, woes 26 Dec 2013 - 12:14 pm

DOHA: With the objective of unlocking new sources of investment capital for Egyptian entrepreneurs, Silatech recently sponsored a seminar on crowdfunding in Cairo....

QEWC’s Nebras to start operations by first half next year 26 Dec 2013 - 12:14 pm

DOHA: The Qatar Electricity and Water Corporation (QEWC) has announced that Nebras Power Company, QEWC’s recently established shareholding company with an initial capital...

Global mining companies look for Qatari fund 26 Dec 2013 - 12:14 pm

DOHA: Global mining companies which are projected to face challenging market conditions in 2014, are looking for GCC Sovereign Wealth Fund, including from...

Ukraine expects $12bn Russian funding in 2014 26 Dec 2013 - 12:10 pm

KIEV: Ukraine, which has secured a $15bn bailout package from Russia, expects it to be fully disbursed in early 2014, Ukrainian Prime Minister...

Libya optimistic about opening seized major oil export ports 26 Dec 2013 - 12:09 pm

TRIPOLI: Libya’s oil and gas industry association said that it was optimistic the government would soon reach an agreement with protesters occupying major...