Business

Combined profits of 35 listed firms hit QR17.6bn 29 Jul 2014 - 11:31 pm

DOHA: The combined net profit of 35 listed companies on Qatar bourse touched QR17.6bn in the first half of 2014, reflecting an estimated...

Flipkart raises $1bn to tackle Amazon 29 Jul 2014 - 11:30 pm

MUMBAI: India’s top e-commerce company Flipkart said yesterday it had raised $1bn (Rs60bn) in funds as it battles US giant Amazon for supremacy...

Bank of Cyprus completes $1bn private share placement 29 Jul 2014 - 11:29 pm

NICOSIA: Bank of Cyprus, the island’s largest lender, has completed a €1bn ($1.34bn) capital increase in a private placement to help it restructure...

BlackBerry to buy German firm 29 Jul 2014 - 10:37 pm

BlackBerry Ltd Chairman and CEO John Chen at the BlackBerry Security Summit in New York yesterday. Chen said BlackBerry is buying a privately...

WestJet posts 16pc rise in earnings 29 Jul 2014 - 10:36 pm

A Westjet Boeing 737-700 at the International Airport in Calgary, Alberta. WestJet Airlines Ltd, Canada’s No. 2 carrier, reported a 16 percent rise...

BP warns of Russia sanctions impact 29 Jul 2014 - 10:35 pm

Pump attendants work at a BP petrol station in Moscow. LONDON: Oil and gas producer BP reported a sharp rise in second quarter...

Japan job market tightens as spending recovers 29 Jul 2014 - 10:34 pm

TOKYO: Japan’s job market is tightening despite a rise in the unemployment rate, official data showed yesterday, as consumer spending recovers from April’s...

BoE to increase oversight of bankers and their bonuses 29 Jul 2014 - 10:34 pm

LONDON: Top bankers in Britain will become directly accountable for their actions under proposals from regulators from today, with those behaving recklessly facing...

Airbus cancels Skymark’s order 29 Jul 2014 - 10:33 pm

TOKYO: Airbus said it has cancelled a deal with Skymark Airlines for the purchase of six A380 superjumbos, as shares in the Japanese...

Greece, troika lenders to meet in Paris in Sept 29 Jul 2014 - 10:33 pm

ATHENS: Greek officials will meet with the country’s EU-IMF creditors in September in Paris instead of Athens, an official close to the lenders...

JPMorgan to cut tech support jobs as revenue dips 29 Jul 2014 - 10:33 pm

New York: JPMorgan Chase & Co, the biggest US bank by assets, is slashing its technology support workforce in corporate and investment banking...

Russia asked to pay $50bn in Yukos case 29 Jul 2014 - 12:22 am

Customers fill their cars at a Yukos gas station in Moscow. MOSCOW/LONDON/AMSTERDAM: The Hague’s arbitration court ruled yesterday that Russia must pay a...

US group overhauls China business in meat safety scandal 29 Jul 2014 - 12:21 am

Customers walk out of a Starbucks coffee store in Shanghai yesterday. The food scandal has dragged in other global food brands such as...

Dollar Tree to buy Family Dollar in $9.2bn deal 29 Jul 2014 - 12:20 am

People in front of a Family Dollar store yesterday in Hallandale, Florida. NEW YORK: US discount retailers Dollar Tree and Family Dollar announced...

UK rates should stay low, recovery looks balanced: IMF 29 Jul 2014 - 12:19 am

LONDON: The Bank of England won backing from the International Monetary Fund yesterday for keeping interest rates low, even as the IMF welcomed...

Virgin America files for IPO 29 Jul 2014 - 12:18 am

London: Virgin America Inc, the low-cost airline partly owned by Richard Branson, filed for an initial public offering of shares as it looks...

Britain sets out shale rules 29 Jul 2014 - 12:17 am

LONDON: The British government took steps to speed up energy exploration including controversial hydraulic fracturing for shale gas yesterday with a new licensing...

Oil falls towards $107 29 Jul 2014 - 12:16 am

LONDON: Brent crude oil slipped towards $107 a barrel yesterday as ample supply in the Atlantic basin and weak demand in Europe and...