Business

Lloyds sues RBS for $709m over rights issue 23 May 2014 - 09:10 am

London: Lloyds Banking Group is joining a class-action lawsuit against government-owned Royal Bank of Scotland, seeking £420m ($709m) over the bank’s handling of...

US jobless claims rise from 7-year low 23 May 2014 - 09:10 am

WASHINGTON: New claims for US unemployment insurance benefits rose last week from a seven-year low as the labour market slowly improves, official data...

Flipkart buys Myntra as Amazon looms 23 May 2014 - 09:09 am

MUMBAI: India’s top e-commerce company Flipkart said yesterday it had bought fashion website Myntra for an undisclosed sum as the company competes with...

ExxonMobil finds promising shale oil deposit in Argentina 23 May 2014 - 09:08 am

BUENOS AIRES: ExxonMobil said it has found a promising shale oil deposit in southern Argentina, on par with some of the best of...

Turkish central bank cuts main interest rate 23 May 2014 - 09:08 am

ISTANBUL: Turkey’s central bank lowered main interest rate for the first time in a year yesterday despite stubbornly high inflation, in a surprise...

QE index dips 96.59 points last week 23 May 2014 - 09:07 am

Doha: Qatar Exchange index lost 96.59 points, or 0.74 percent, last week when trading closed at 13,008.16 points here yesterday. The trading value...

Google to spend $30bn for foreign buying 23 May 2014 - 04:49 am

SAN FRANCISCO: Google told US regulators that it could spend as much as $30bn of its offshore cash reserves on buying foreign companies...

Dolphin Energy wins Crystal Award for Qatarisation 22 May 2014 - 09:10 am

Officials with the award. Abu Dhabi: Dolphin Energy has received the Crystal Award in the category of ‘Support for Training and Development’ at...

Geneva exhibition 22 May 2014 - 09:07 am

Visitors look at a model of an aircraft at the Airbus booth, during the 14th Annual European Business Aviation Convention and Exhibition at...

QInvest hosts Paris varsity graduates 22 May 2014 - 09:03 am

Paris Dauphine University graduates at QInvest. DOHA: QInvest, one of Qatar’s leading Shariah-compliant investment bank hosted a group of graduates from Paris Dauphine...

SNCF orders 2,000 trains 22 May 2014 - 09:02 am

A new Regiolis regional train (right) made by power and train-making firm Alstom, is seen next to a platform at Strasbourg’s railway station,...

Egypt energy subsidies 22 May 2014 - 09:00 am

A general view of the Shoubra El Kheima Power Station of North Cairo Electricity Distribution Company in Cairo. Former army chief Abdel Fattah...

Lenovo targets sales growth 22 May 2014 - 08:59 am

A woman tries a Lenovo tablet on display during a news conference announcing the company’s annual results in Hong Kong yesterday. The Chinese...

Al Ansari Associates wins award 22 May 2014 - 08:58 am

AI Ansari & Associate has won “The Middle East Law Firm of the Year 2014” award at the Corporate Counsel Middle East Awards...

Malaysia tightens rules on divisive Islamic bai inah deals 22 May 2014 - 08:55 am

KUALA LUMPUR: Malaysia’s Securities Commission has tightened rules on bai inah, a popular but divisive Islamic financing contract, in a fresh sign that...

Doha Bank plans to raise capital next year 22 May 2014 - 08:54 am

KUWAIT: Doha Bank plans to raise additional capital in 2015 to underpin fast asset growth and potential acquisitions, the chief executive of Qatar’s...

Airbus, Boeing observe truce in developing carbon-fibre jet 22 May 2014 - 08:54 am

BERLIN: Drained by their contest to create the carbon-fibre wonder jet, Airbus and Boeing are observing a truce in futuristic new developments while...

BoE officials closer to voting for rate rise 22 May 2014 - 08:53 am

LONDON: The Bank of England appears to be a step nearer to raising interest rates, with some of its top officials starting to...