Business

India wholesale inflation eases 14 Aug 2014 - 10:04 pm

NEW DELHI: India’s wholesale price inflation hit a five-month low in July, data showed yesterday, but steep retail price growth means the central...

Berkshire Hathaway stock hits $200,000 14 Aug 2014 - 10:04 pm

New York: Berkshire Hathaway Inc’s share price yesterday crossed $200,000 for the first time, the latest milestone for the company that Warren Buffett...

Argentina calls hedge funds an ‘international mafia’ 14 Aug 2014 - 10:02 pm

BUENOS AIRES: The hedge funds suing Argentina over its 2002 debt default are an “international mafia” out to wreck the country’s finances, the...

QE index extends rally, jumps 243.52 points 13 Aug 2014 - 11:04 pm

Doha: Propelled by industrial and telecom sectors’ good run, Qatar Exchange index yesterday jumped 243.52 points, or 1.83 percent, to close at 13,522.79...

Debt market sees growth rebound in GCC 13 Aug 2014 - 10:46 pm

By Satish Kanady DOHA: The GCC debt markets in 2014 had an active second quarter, particularly in corporate bonds and sukuk. The region’s...

Gamescom fair in Cologne 13 Aug 2014 - 10:45 pm

Visitors play video game at an exhibition stand during the Gamescom 2014, Europe’s largest video games trade fair, in Cologne yesterday.

LatAm air show 13 Aug 2014 - 10:44 pm

Visitors look at business planes during the Latin American Business Aviation Conference and Exhibition (LABACE) at Congonhas Airport in Sao Paulo, Brazil. More...

Sony PS4 sales surge past record 10m mark 13 Aug 2014 - 10:43 pm

TOKYO: Sony said yesterday that global sales of its newest PlayStation have surged past the 10-million mark in less than a year, a...

Oil rises from 13-month low 13 Aug 2014 - 10:42 pm

NEW YORK: Brent crude oil rose by nearly $1 in choppy trading yesterday, recovering from a 13-month low as turmoil in Iraq and...

Not all sukuk are created equal: IMF 13 Aug 2014 - 10:42 pm

New York: Investors treat a company’s shares differently depending on the specific types of Islamic bond it issues and the reputation of the...

Telekom Austria business down 13 Aug 2014 - 10:27 pm

A man stands in a Telekom Austria phone booth as he uses his mobile phone in Vienna yesterday. Telekom Austria said an unexpected...

Greece economy shrinks 13 Aug 2014 - 10:26 pm

A shop owner looks at tourists walking by his shop in Athens yesterday. Greece’s economy shrank in the second quarter at its slowest...

GCC posts strong IPO activity in terms of volume in Q2 13 Aug 2014 - 10:25 pm

Doha: The initial public offering (IPO) market in the Gulf Cooperation Council (GCC) in the second quarter (Q2) of 2014 started off and...

First oil sails from Libya’s Ras Lanuf since end of blockade 13 Aug 2014 - 10:24 pm

TRIPOLI: An oil tanker carrying 670,000 barrels of crude has left Libya’s Ras Lanuf oil terminal, the first shipment since the port was...

Telecom Egypt posts 11pc rise in Q2 profit 13 Aug 2014 - 10:24 pm

CAIRO: Fixed-line monopoly Telecom Egypt posted $139m in net profit in the second quarter and said yesterday it hoped to obtain a unified...

BoE focuses on weak wages 13 Aug 2014 - 10:00 pm

Bank of England Governor Mark Carney (centre) speaks during the bank’s quarterly inflation report news conference at the bank office in London yesterday. ...

China probing more than 1,000 auto firms 13 Aug 2014 - 09:59 pm

A woman is reflected on the glass wall of a BMW showroom in Beijing. BEIJING: More than 1,000 companies in China’s auto sector,...

Japan’s economy shrinks after sales tax hike 13 Aug 2014 - 09:58 pm

Pedestrians look at display of a jewellery store, which is in collaboration with Japan’s Hello Kitty, in Tokyo yesterday. TOKYO: Japan’s economy suffered...