Business

Greeks flock to informal work as recession bites 21 Dec 2012 - 11:12 pm

ATHENS: Greek dietician Reggina knew she had little choice when her boss told her she could keep her job at a health centre...

ICE to buy NYSE Euronext 21 Dec 2012 - 01:33 am

Traders at the New York Stock Exchange in New York yesterday. IntercontinentalExchange has agreed a $8.2bn deal to buy New York Stock Exchange...

QE snaps six-week losing streak; market capitalisation rises 21 Dec 2012 - 01:32 am

DOHA: Snapping a six -week bearish run, Qatar Exchange gained 111.37 points last week amid interests from foreign institutional buyers. The bourse gained...

Oil to drift lower in 2013, crash unlikely: Analysts 21 Dec 2012 - 01:32 am

LONDON: Slow economic growth and ample supplies are expected to keep a lid on oil next year with crude prices gradually slipping lower....

HSBC no longer bookrunner on Asiacell float 21 Dec 2012 - 01:32 am

DUBAI: HSBC Holdings has ceased to be a bookrunner on Asiacell’s planned share sale, raising new questions about the Iraqi telecom operator’s ability...

Qantas-Emirates alliance wins conditional approval 21 Dec 2012 - 01:31 am

SYDNEY: Australia’s competition watchdog yesterday gave its preliminary approval to a global alliance between struggling carrier Qantas and Dubai-based Emirates, but only for...

Spain opens case against former IMF chief 21 Dec 2012 - 01:30 am

People hold placards reading “We want our money back” during a demonstration against Bankia bank and former IMF chief Rodrigo Rato in front...

Iran sidesteps sanctions to export fuel oil 21 Dec 2012 - 01:29 am

DUBAI/GENEVA: Iran is becoming increasingly creative in dodging Western sanctions, managing to sell a rising volume of fuel oil to generate revenue equal...

Exports, govt spending buoy US growth 21 Dec 2012 - 01:29 am

WASHINGTON: The US economy grew faster than previously estimated in the third quarter as exports and government spending provided a lift, but that...

European stocks tread water; euro edges up 21 Dec 2012 - 01:23 am

LONDON: Europe’s main stock markets treaded water yesterday, with investors nervous that US leaders have still not agreed a deal to avert the...

BNP to divest Egyptian assets 21 Dec 2012 - 01:21 am

DUBAI: BNP Paribas SA, France’s largest bank, agreed to sell its Egyptian arm to Dubai lender Emirates NBD for $500m as French lenders...

Al Sada meets Hungarian envoy 20 Dec 2012 - 04:27 am

The Minister of Energy and Industry, Chairman and Managing Director of Qatar Petroleum, H E Dr Mohammed bin Saleh Al Sada, received a...

‘Beyond Doha’ agenda to top world chamber meet 20 Dec 2012 - 04:25 am

DOHA: Qatar Chamber (QC), the host organisation of the ICC WCF 8th World Chambers Congress and Exhibition, is busy making last round preparations...

Ukraine-Russia gas talks impasse 20 Dec 2012 - 03:25 am

A pressure gauge is seen at a gas compressor station in the village of Boyarka, outside Kiev, yesterday. Ukraine’s president Viktor Yanukovich pulled...

Oil rises on US budget deal hopes 20 Dec 2012 - 03:24 am

NEW YORK: Oil prices rallied yesterday on expectations a battle over the US budget will be resolved and reduce the threat of recession...

Mitsubishi expands recall to 1.7m vehicles 20 Dec 2012 - 03:24 am

TOKYO: Mitsubishi Motors yeserday widened a recall over an oil leak issue on vehicles sold in Japan to about 1.7 million vehicles, prompting...

General Motors to buy stake from Treasury 20 Dec 2012 - 03:23 am

New York: General Motors Co said yesterday it will buy back 200 million of its shares from the US Treasury, which intends to...

Shell, Texas A&M sign pact for analytical testing 20 Dec 2012 - 01:50 am

DOHA: Qatar Shell has recently signed an agreement with Texas A&M University Qatar to conduct analytical testing of its samples from Pearl Gas...