Business

Gold slides below $1,150 as dollar strengthens 15 Nov 2014 - 09:39 am

LONDON: Gold fell more than one percent yesterday, breaking below chart support at $1,150 an ounce, as the dollar hit a four-year high...

Starbucks’ ‘very low’ Dutch tax deal may be illegal, says EU 15 Nov 2014 - 09:38 am

BRUSSELS/LONDON: A tax deal the Netherlands cut with Starbucks Corp may be illegal state aid, European Union regulators said yesterday, part of a...

China lending drops sharply 15 Nov 2014 - 09:38 am

BEIJING: China’s bank lending tumbled in October and money supply growth cooled, raising fears of a sharper slowdown in the economy and prompting...

Ailing Philippine Airlines seeks new investors 15 Nov 2014 - 09:38 am

MANILA: Struggling Philippine Airlines said yesterday it is looking for new investors to help fund an expansion programme that would see Asia’s oldest...

IMF says low oil prices to boost global growth 14 Nov 2014 - 09:43 am

IMF Managing Director Christine Lagarde (right) is welcomed by Queensland Governor Paul de Jersey in Brisbane, Australia, yesterday. The two-day G20 leaders summit...

Oil slips below $78, awaits Opec move 14 Nov 2014 - 09:42 am

NEW YORK: Oil prices fell about 3 percent yesterday to four-year lows after Chinese data showed further economic slowdown and US government data...

Eurostar to buy Siemens e320 trains 14 Nov 2014 - 09:40 am

The business premier class coach of Eurostar’s new Siemens e320 train is seen at St Pancras station in central London, yesterday. Eurostar, the...

Developing capabilities must for retail sector to tackle digitisation challenge 14 Nov 2014 - 09:40 am

Participants at the ‘Digitization in Retail’ conference. DOHA: The fundamental challenges facing retailers against the backdrop of rapid digitisation of the retail landscape...

US supports India food scheme to revive WTO 14 Nov 2014 - 09:38 am

NEW DELHI/WASHINGTON/GENEVA: India and the United States settled a dispute yesterday that had paralysed the World Trade Organisation and risked derailing a $1...

Saudi Arabia to double natural gas output in 15 years 14 Nov 2014 - 09:36 am

ACAPULCO: Saudi Arabia, the world’s top oil exporter, will double its natural gas output by 2030 but plans to keep all of it...

DP World to buy EZW for $2.6bn in Dubai asset shuffle 14 Nov 2014 - 09:36 am

DUBAI: DP World said it would pay $2.6bn to major shareholder Dubai World for its EZW logistics infrastructure firm, easing the burden on...

QE index edges 1.02pc up in past week 14 Nov 2014 - 09:36 am

DOHA: Qatar Exchange (QE) benchmark index edged 1.02 percent up in the past week to close at 13,729 points. Transportation and real estate...

Egypt to repay debts to foreign oil firms within six months 14 Nov 2014 - 09:35 am

CAIRO: Egypt plans to repay all of its $4.9bn debt to foreign oil and gas companies within six months, the oil ministry said...

Panasonic recalls 300,000 batteries 14 Nov 2014 - 09:35 am

TOKYO: Panasonic is recalling more than 300,000 rechargeable battery packs used for tablets and laptops in Japan and overseas due to concerns they...

India inks tax info pact with St Kitts and Nevis 14 Nov 2014 - 09:35 am

United Nations: At a time when the focus is on illicit income stashed away in foreign accounts, India yesterday entered into an information...

Buffett’s Berkshire buys P&G’s Duracell 14 Nov 2014 - 09:34 am

New York: Warren Buffett’s Berkshire Hathaway Inc said yesterday it would buy Procter & Gamble Co’s Duracell battery unit in a stock swap,...

$4.3bn fine for global banks in forex probe 13 Nov 2014 - 12:59 am

LONDON/ZURICH/NEW YORK: Regulators fined six major banks including Citigroup and UBS a total of $4.3bn for failing to stop traders from trying to...

QBWA to develop organisation strategy 13 Nov 2014 - 12:52 am

The participants at the QBWA workshop in Doha. Doha: The Qatari Business Women Association (QBWA) announced signing a partnership agreement with JMJ Associates,...