Business

IT industry in India faces challenges 02 Jan 2013 - 12:53 am

Hyderabad: The information technology industry in India has a challenging and an uncertain year ahead, feel the business leaders in the sector in...

Housing, software fuel jobs rebound in western US 02 Jan 2013 - 12:52 am

NEW YORK: Robert Thomson got a 20 percent raise after starting last month at Richmond American Homes in Salt Lake City, eight months...

Sharp planning $1.15bn public offering: Report 02 Jan 2013 - 12:52 am

TOKYO: Embattled Japanese electronics firm Sharp is considering making a public share offering worth more than 100bn yen ($1.15bn) early this year, a...

Oman budget raises spending by 30pc 02 Jan 2013 - 12:52 am

MUSCAT: Oman’s 2013 budget raised spending nearly 30 percent over its 2012 plan to 12.9bn rials ($33.5bn) yesterday as state boosts outlay on...

Shale gas find spurs wave of new US steel plants 02 Jan 2013 - 12:50 am

NEW YORK: The US shale-gas revolution, which has revitalised chemicals companies and prompted talk of domestic energy self-sufficiency, is attracting a wave of...

Luxury firms pin hopes on China to boost sales 02 Jan 2013 - 12:45 am

BEIJING: Clad in a black and orange Prada winter coat with a diamond-shaped pattern she snapped up during a trip to Milan, Jennifer...

India’s mountain of coal problems 02 Jan 2013 - 12:44 am

BASUNDHARA, India: Across India, thermal power stations are running below capacity because they can’t get enough coal, and factories are running on expensive...

New Year eve trade 01 Jan 2013 - 01:15 am

Trader Joseph Mastrolia wears “2013” glasses celebrating New Year’s Eve as he works on the floor of the New York Stock Exchange in...

Qatar’s foreign investment hits QR163.8bn in 2012 01 Jan 2013 - 01:15 am

DOHA: Qatar’s sovereign wealth fund (SWF) investment in abroad has reached QR163.8bn in 2012. The country’s 2012 foreign investment is $32bn higher than...

Qatar Exchange disappoints investors in ’12 01 Jan 2013 - 01:14 am

DOHA: Qatari stocks didn’t fare well in 2012, leaving investors largely dejected as they could make only marginal gains of QR2.53bn, or $693m,...

Imports rise, balance of merchandise trade drops 01 Jan 2013 - 01:14 am

DOHA: Qatar’s total exports in Q3, 2012 have increased by 7.3 percent compared to a year ago. The country’s total export value reached...

Brent hits record annual average 01 Jan 2013 - 01:14 am

NEW YORK: Brent crude futures closed in on a record full-year average daily price for 2012, even with oil prices mixed in choppy...

Gold finishes up 6.1pc in 2012 01 Jan 2013 - 01:13 am

NEW YORK: Gold jumped on the last trading day of 2012 to finish up 6 percent on the year on news of a...

Investors can expect eventful 2013 01 Jan 2013 - 01:13 am

DOHA: The year 2012 wasn’t quite good for the Qatari bourse, but investors can look forward to an eventful 2013 as a slew...

US crisis mars bumper year for Europe shares 01 Jan 2013 - 01:09 am

LONDON: European stocks were set to rack up their best yearly gain since 2009 yesterday but the outlook was worsening due to the...

Dubai aims to shrink budget deficit by 18pc 01 Jan 2013 - 01:08 am

DUBAI: Dubai has released a 2013 budget plan that would raise spending moderately while cutting the size of its deficit by 18 percent,...

Tribune exits bankruptcy; assets sale likely 01 Jan 2013 - 01:08 am

CHICAGO: US media conglomerate Tribune Co exited bankruptcy yesterday after four years of court supervision, with the future of its assets including The...

Yemen resumes oil flows after pipeline repairs 01 Jan 2013 - 01:08 am

SANAA: Yemen’s main oil pipeline, damaged in repeated bombings by armed men, resumed pumping crude yeterday after repairs, sources at state-run Safer oil...