Business

BMW to recall 7 Series for transmission flaw 30 Oct 2012 - 02:50 am

Detroit: Bayerische Motoren Werke AG’s BMW of North America affiliate said it will recall 45,500 of its 7 Series luxury sedans from model...

Grain giants tighten grip on market 29 Oct 2012 - 04:01 am

A farmer holds wheat grain near Ashby-de-la-Zouch, central England. Britain will be a net importer of wheat for the first time in a...

Glencore, Xstrata investors to vote on November 20 29 Oct 2012 - 04:01 am

LONDON: Investors in Glencore International and Xstrata, the commodity companies seeking to complete a $33bn combination by the end of the year, are...

Dreams can do more than finance for GDP, say BIS experts 29 Oct 2012 - 04:00 am

PARIS: Finance drives growth, but too much of a good thing sucks the lifeblood, brains and brilliant ideas from an economy, according to...

Saxo Bank launches new charts 29 Oct 2012 - 04:00 am

DOHA: Saxo Bank, the online multi-asset trading and investment specialist, has launched new charts on SaxoTrader and SaxoWebTrader with enhanced functionalities. The new...

Qatar 4th on ‘Future Fifteen’ list 29 Oct 2012 - 04:00 am

DOHA: Qatar has grabbed a top slot in the ‘future forward country’ brand announced by the FutureBrand, a global brand consultancy built on...

Wall Street makes plans to open as Sandy bears down 29 Oct 2012 - 03:59 am

NEW YORK: New York-based stock exchanges are sending officials into Manhattan to stay in hotels and coworkers’ homes as the NYSE and Nasdaq...

ECB chief backs German plan for more EU power 29 Oct 2012 - 03:59 am

BERLIN: The head of the European Central Bank yesterday threw his weight behind a German scheme to allow the EU to intervene in...

Gadgets add complexity to brutal bank layoffs 29 Oct 2012 - 03:58 am

LONDON: In the high-tech, gadget-addicted world of investment banking, layoffs are becoming more complex and brutal as firms try to stop sensitive data...

South Korea’s economy grows 28 Oct 2012 - 03:51 am

A woman looks at her wallet in front of a Hana Bank branch office in central Seoul. South Korea’s economy grew by 0.2...

Iran’s coal trade booms despite Western heat 28 Oct 2012 - 03:51 am

LONDON: Using shadowy middle men, multiple bank accounts and a fleet of ghost ships, Iran’s coal trade is quietly booming as the Islamic...

GIS revenue surges, net profit grows by 70.1pc 28 Oct 2012 - 03:50 am

DOHA: Gulf International Services (GIS) or the largest service group in Qatar, with interests in a broad cross-section of industries, ranging from insurance,...

Russia firms footprint in Kyrgyzstan with hydro project 28 Oct 2012 - 03:50 am

TASH BASHAT, Kyrgyzstan: Kyrgyzstan’s leader welcomed growing Russian investment in his impoverished nation yesterday in a ceremony to kick off the construction of...

China’s aluminum stockpiles climb 28 Oct 2012 - 03:49 am

SHANGHAI: Aluminum stockpiles in the main trading regions in China have climbed to the highest level in two years as growth in supply...

Investors eye polls, jobs data on Wall Street 28 Oct 2012 - 03:49 am

NEW YORK: Earnings season may be only half over, but the focus on profits should subside next week as investors turn their attention...

Most commodity prices fall 28 Oct 2012 - 03:49 am

LONDON: Most commodity prices fell this week, buckling under pressure from poor US company results, weak economic data, demand worries and concerns over...

ICICI Bank quarterly profit jumps 30pc 28 Oct 2012 - 03:48 am

MUMBAI: ICICI Bank, India’s second- largest lender, said quarterly profit jumped 30 percent, beating analysts’ estimates as bad loans fell and lending rose....

EU moves closer to high frequency trading, curbs on commodities 28 Oct 2012 - 03:48 am

LONDON: Europe’s first direct curbs on ultrafast trading and investors who take bets on commodity prices moved a step nearer when the EU’s...