Business

Gold, silver rout ‘far from over’ 10 Nov 2014 - 12:16 am

NEW YORK: Gold’s rout may be far from over, with many analysts and traders surveyed by Reuters predicting prices could fall to $1,000...

Weekly Commodity Update : Dollar’s ascent piles pressure on commodities as polar vortex looms 10 Nov 2014 - 12:16 am

By Ole S. Hansen (Head of Commodity Strategy, Saxo Bank) Commodity prices remain under pressure across all sectors as the dollar continues to...

Lower oil prices not to hit Qatar’s growth plans: QNB 09 Nov 2014 - 12:48 am

Doha: Qatar’s large infrastructure investment programme would be sustainable, even if oil prices fell considerably further, QNB Group said in its weekly report. ...

China, Canada in $33bn currency swap 09 Nov 2014 - 12:45 am

Canada’s Minister of International Trade Ed Fast (left) shakes hands with a Chinese official as Canada’s Prime Minister Stephen Harper (second left) and...

Home Centre launches latest catalogue 09 Nov 2014 - 12:44 am

Santosh Pai (right), COO, Landmark Group with Marketing Manager Rajgopal R and Home Centre Concept Manager Avirup Chandra at the launch of the...

Qapco shares history as it marks 40th year by honouring employees 09 Nov 2014 - 12:44 am

Doha: Qapco turns 40 today. On its anniversary, Qatar Petrochemical Company (Qapco) QSC, one of the leading petrochemical powerhouses in the region and...

China nod for $113bn infrastructure projects 09 Nov 2014 - 12:43 am

BEIJING: China approved more than $100bn worth of infrastructure projects in late October and early November, state media said yesterday, in a bid...

Detroit recovery plan 09 Nov 2014 - 12:42 am

An October 3, 2013 file picture shows Detroit’s Frederick Douglass Homes, the nation’s first public housing project, being demolished with the help of...

Puma profits fall 09 Nov 2014 - 12:42 am

A Puma sports shoe on display at the company’s headquarters in Herzogenaurach, southern Germany. Puma said its profits fell in the third quarter,...

UK prepares forex fines for six banks 09 Nov 2014 - 12:37 am

LONDON: British regulators investigating allegations of collusion and manipulation in the foreign exchange market could fine a group of six banks as early...

QIIC sets up new risk management department 09 Nov 2014 - 12:37 am

Doha: Qatar Islamic Insurance Co announced the setting up of its dedicated Risk Management Department. The department shall assume all current risk management...

QAC recognised for excellent after-sales service 09 Nov 2014 - 12:37 am

Doha: Qatar Automobiles Company (QAC) has reaffirmed its market leadership with an award of after-sales excellence for a second consecutive year. The distributor...

Egypt, Greece, Cyprus pledge to boost energy cooperation 09 Nov 2014 - 12:37 am

CAIRO: Egypt, facing its worst power crisis in decades, yesterday pledged greater energy cooperation with Greece and Cyprus, a diplomatic move that opened...

Beijing to establish $40bn Silk Road fund 09 Nov 2014 - 12:36 am

BEIJING: China will contribute $40bn to set up a Silk Road infrastructure fund to boost connectivity across Asia, President Xi Jinping announced yesterday,...

AT&T to buy Mexican wireless company Iusacell for $2.5bn 09 Nov 2014 - 12:36 am

NEW YORK: US telecom giant AT&T announced plans to buy Mexican wireless operator Iusacell for $2.5bn and use it to create a mobile...

China trade growth slows in October in further sign of fragility 09 Nov 2014 - 12:35 am

BEIJING: Annual growth in China’s exports and imports slowed in October, data showed yesterday, reinforcing signs of fragility in the world’s second-largest economy...

Pakistan to issue dollar sukuk this month 09 Nov 2014 - 12:35 am

DUBAI: Pakistan plans to issue a US dollar-denominated Islamic bond worth at least $500m this month and also hopes to obtain $1.1bn from...

Transocean takes $2.76bn charge amid drilling rig glut 09 Nov 2014 - 12:35 am

HOUSTON: Transocean, owner of the biggest fleet of deep-water drilling rigs, is feeling the effect of an industry-wide glut in the expensive vessels...