Business

Gold set for weekly loss on dollar 25 Oct 2014 - 03:46 am

LONDON: Gold edged lower yesterday and was set to close down for the week due to a firm dollar and robust economic data...

UASC targets expansion to beat container market blues 25 Oct 2014 - 03:45 am

LONDON: United Arab Shipping Company (UASC) is on a major expansion drive, investing more than $2bn in bigger ships and forming alliances with...

Brazilian bidders derail Chiquita-Fyffes merger 25 Oct 2014 - 03:45 am

NEW YORK: A last-minute increased offer by Brazilian juice exporter Cutrale Group and investment bank Safra derailed banana giant Chiquita’s plans to merge...

P&G to ditch Duracell batteries amid earnings drop 25 Oct 2014 - 03:45 am

NEW YORK: Procter & Gamble yesterday announced plans to unload its Duracell battery business as it reported a big drop in earnings following...

China launches world bank rival in Asia 25 Oct 2014 - 03:11 am

China’s President Xi Jinping (right) receiving guests at the Asian Infrastructure Investment Bank launch ceremony in the Great Hall of the People in...

Hyundai posts 29pc fall in net profit 24 Oct 2014 - 08:41 am

A man walks past a Hyundai Motor Co dealership in Seoul yesterday as the company posted a 29 percent year-on-year fall in its...

Save Swiss gold plan 24 Oct 2014 - 08:39 am

National Councillor Luzi Stamm (centre), member of the “Save our Swiss gold” committee, speaks to the media during a news conference in Bern...

Gulf airlines battling over Italian skies 24 Oct 2014 - 08:37 am

An Alitalia hostess looks at a model of an Airbus 330 before a news conference at Malpensa Airport near Milan. Having shuttled millions...

Manufacturers moving from China to US: BCG survey 24 Oct 2014 - 08:36 am

WASHINGTON: Large manufacturers are increasingly moving production back to the United States from China, according to a new report by The Boston Consulting...

Total board pays homage to de Margerie 24 Oct 2014 - 08:29 am

DOHA: The board of directors of Total met yesterday and paid homage to Chairman and CEO Christophe de Margerie, who died tragically in...

Business activity in eurozone picks up 24 Oct 2014 - 08:28 am

BRUSSELS: Business activity in the 18-nation eurozone strengthened slightly in October, a key survey showed yesterday, but overall the economy remained weak with...

Qafco initiates pilot plant for diversification 24 Oct 2014 - 04:15 am

Qafco CEO Khalifa A Al Sowaidi and NIIK President and CEO Igor Esin shake hands after signing the contract. DOHA: Qafco and NIIK...

Qatar accounts for 45pc Mideast outbound M&A 23 Oct 2014 - 01:16 am

DOHA: Qatar’s overseas acquisitions accounted for 45 percent of Middle Eastern outbound Mergers and Acquisitions (M&A) activity during the first nine months of...

Inflation rate expected to touch 5.5pc 23 Oct 2014 - 01:13 am

Shady Shaher, (right) and Marios Maratheftis during the Global Research Media Briefing yesterday. Kammutty VP BY MOHAMMAD SHOEB DOHA: Qatar’s inflation rate in...

Forbes Under 30 Summit 23 Oct 2014 - 01:12 am

Fenugreen founder Kavita Shukla shows her invention FreshPaper, a compostable paper infused with edible organic spices that keeps produce fresh two to four...

QP hosts team from Kuwait Oil Company 23 Oct 2014 - 01:10 am

Doha: Qatar Petroleum (QP) recently hosted a delegation from Kuwait Oil Company (KOC) who visited Qatar to gain insights on QP’s marine activities...

French digital incubator 23 Oct 2014 - 01:08 am

French President Francois Hollande (left) looks at a 3D printer as he visits the Halle Freyssinet in Paris yesterday, to officially launch the...

Nordea bank’s profits rise 23 Oct 2014 - 01:07 am

People stand near the Nordea bank Latvia’s branch headquarters in Riga yesterday. Nordea, the Nordic region’s biggest bank, yesterday reported a seven percent...