Business

Oil falls below $98 a barrel on weak demand 13 Sep 2014 - 06:42 am

LONDON: Brent crude oil fell below $98 a barrel yesterday as concerns over weak demand and plentiful supplies prompted investors and traders to...

Sukuk, new financial centre status symbol 13 Sep 2014 - 06:42 am

HONG KONG: Sukuk are the newest status symbol for leading international financial centres. Hong Kong is the latest city outside of the Muslim...

Spanish bonds extend week’s sell-off 13 Sep 2014 - 06:42 am

LONDON: Spanish bond yields rose for a fifth straight day yesterday, on track for their biggest weekly rise since mid-2013 as investors worry...

IMF head in Japan 12 Sep 2014 - 04:34 am

International Monetary Fund Managing Director Christine Lagarde (right) is greeted by Japan’s Prime Minister Shinzo Abe at the entrance of the sushi restaurant...

Mazda unveils new Demio 12 Sep 2014 - 04:33 am

Mazda Motor Corp Chief Executive Masamichi Kogai (centre) speaks to the media in front of the company’s new Demio (Mazda2) compact in Tokyo...

China’s auto market looks up 12 Sep 2014 - 04:32 am

A customer looks inside a car at an Audi dealership in Shanghai. Vehicles sales in China rose 4 percent in August from a...

RBS plan after Scottish vote 12 Sep 2014 - 04:31 am

A sign is seen at the head office of the Royal Bank of Scotland (RBS) in St Andrew Square in Edinburgh, Scotland, yesterday....

IEA slashes oil demand outlook on weak growth 12 Sep 2014 - 04:29 am

PARIS: Demand for oil is feeling the squeeze of weak growth in Europe, slowdown in China and abundant supplies, the International Energy Agency...

Oil hits two-year low as supplies build 12 Sep 2014 - 04:29 am

LONDON: Brent crude dropped to a two-year low below $97 a barrel yesterday, falling for a sixth straight session as mounting supply and...

China misses out on first wave of new iPhone releases 12 Sep 2014 - 04:28 am

BEIJING: Consumers in China, who represent an increasingly critical pillar of Apple Inc’s business, will not be able to buy the new iPhone...

BlackBerry buys UK mobile technology start-up 12 Sep 2014 - 04:27 am

TORONTO/LAS VEGAS: BlackBerry has acquired a UK-based mobile technology start-up whose software allows users to have multiple phone numbers on the same device,...

China fines Volkswagen affiliate $40.5m 12 Sep 2014 - 04:26 am

BEIJING: An affiliate of German carmaker Volkswagen has been fined more than $40.5m for price-fixing in China, authorities said yesterday, the latest company...

Argentina clears debt law to skirt US ruling 12 Sep 2014 - 04:26 am

BUENOS AIRES: Argentina’s Congress yesterday overwhelmingly passed a debt bill aimed at defying a US court ruling which tipped the country into default...

Qatar Development Bank projects funding reaches QR3.5bn 12 Sep 2014 - 04:25 am

DOHA: HE Sheikh Abdullah bin Saud Al Thani, Governor of Qatar Central Bank (QCB), and Chairman of the Board of Directors of Qatar...

China’s August inflation dips to 2pc 12 Sep 2014 - 04:25 am

BEIJING: Chinese consumer prices rose 2 percent in August on-year, official data showed yesterday, inflation in the world’s second-largest economy slipping to a...

QE index up 102.84 points last week 12 Sep 2014 - 04:25 am

DOHA: Qatar Exchange index gained 102.84 points, or 0.74 percent, past week when the bourse closed yesterday at 14,088.82 points. Trading value during...

Oil hits 17-month low at $98 11 Sep 2014 - 01:00 am

LONDON: Oil dropped to a 17-month low close to $98 a barrel yesterday as rising supplies and weak demand helped extend losses into...

Al Sada to participate in GCC petroleum meeting 11 Sep 2014 - 12:57 am

DOHA: H E Dr Mohamed bin Saleh Al Sada (pictured), the Minister of Energy and Industry, yesterday left for Kuwait as the head...