Business

Russia cuts growth forecasts 11 Nov 2014 - 07:47 am

MOSCOW: Russia faces the prospect of three years of economic stagnation, the central bank predicted yesterday, underscoring the heavy costs of President Vladimir...

VTB may delist from London in favour of China 11 Nov 2014 - 07:46 am

BEIJING: VTB, Russia’s No. 2 bank, may delist from the London Stock Exchange (LSE) in favour of Chinese bourses as sanctions imposed in...

New rules to discipline ‘too big to fail’ banks 11 Nov 2014 - 07:46 am

BASEL/LONDON: Banks may have to scrap dividends and rein in bonuses if they breach new rules designed to ensure that creditors rather than...

StanChart to update turnaround plans as problems pile up 11 Nov 2014 - 07:45 am

LONDON: Standard Chartered boss Peter Sands has his work cut out to convince investors he can turn around the Asia-focused bank after three...

Embraer strike ends as union moves to court 11 Nov 2014 - 07:45 am

SAO PAULO: Workers at Brazilian aerospace firm Embraer suspended a strike over a pay claim yesterday, as their union said it would ask...

Dubai’s financial free zone to double in size 11 Nov 2014 - 07:45 am

DUBAI: Dubai International Financial Centre (DIFC) is on track to double in size over the next decade with companies from China and South-east...

UK businesses overwhelmingly pro-EU: Leader 11 Nov 2014 - 07:44 am

LONDON: The majority of British businesses would vote to stay in the EU in a referendum, a senior business leader said yesterday as...

Senior EU aide defends Luxembourg tax deals 11 Nov 2014 - 07:44 am

PARIS/BRUSSELS: A senior aide defended European Commission President Jean-Claude Juncker yesterday against charges of having provided a haven for corporate tax avoidance in...

Cairn Energy finds more oil off Senegal 11 Nov 2014 - 07:43 am

LONDON: Cairn Energy has unearthed another oil find off the coast of Senegal, the British energy explorer announced yesterday. It comes after Cairn...

QE index moves closer to 14,000 levels 11 Nov 2014 - 02:59 am

DOHA: Qatari bourse benchmark index inched closer to the psychological 14,000 mark yesterday, after the market advanced for a third straight day. Supported...

Qatargas unveils $1bn gas recovery plan 10 Nov 2014 - 01:08 am

The Jetty Boil-off Gas Recovery Project in Ras Laffan Industrial City. DOHA: Qatargas has announced the safe start-up of the Jetty Boil-off Gas...

Rumaila oilfield 10 Nov 2014 - 01:06 am

A man works at Rumaila oilfield in Basra, southeast of Baghdad, yesterday.

TigerDirect Tech Bash 10 Nov 2014 - 01:03 am

Visitors check out what is on display at the Alienware computer booth during the TigerDirect Tech Bash at the Miami Marlins Park, Florida.

US rules out TPP trade deal at APEC meeting 10 Nov 2014 - 01:01 am

FROM LEFT: PricewaterhouseCoopers International Ltd Global Chairman Dennis Nally, Chilean President Michelle Bachelet, WTO Director-General Roberto Azevedo, COFCO Corp & APEC Business Advisory...

Greece looks for market financing 10 Nov 2014 - 12:53 am

People look at a shop window at a central market street of Athens yesterday. After two international bailouts totalling €240bn since 2010, when...

MSCI raises index weights of Qatar, UAE 10 Nov 2014 - 12:48 am

DUBAI: Stock markets in Qatar and the United Arab Emirates outperformed the region yesterday after index compiler MSCI raised the two countries’ weights...

QIA may up bid for Canary Wharf owner Songbird 10 Nov 2014 - 12:45 am

LONDON: Qatar Investment Authority (QIA) and Brookfield Property Partners may increase their £2.2bn ($3.5bn) takeover offer for Songbird Estates, majority owner of London’s...

Qatar least vulnerable to oil price drop: S&P 10 Nov 2014 - 12:44 am

DOHA: The recent drop in hydrocarbon prices, if sustained, could have a significant impact on the region’s economic and financial indicators. Bahrain and...