Business

IEA forecasts higher oil demand, urges Opec to boost output 16 May 2014 - 07:48 am

PARIS: Demand for oil this year will be slightly higher than expected, the IEA forecast yesterday, highlighting signs of tension in the market...

Key European indices slide; Dow tumbles 16 May 2014 - 07:47 am

LONDON: European equities fell yesterday as investors digested gloomy eurozone data showing anaemic economic growth for the first quarter of the year. London’s...

US jobless claims hit seven-year low 16 May 2014 - 07:46 am

WASHINGTON: New applications for US unemployment benefits hit a seven-year low last week while consumer prices recorded their largest increase in 10 months...

Russia, Ukraine near deal on gas pricing 16 May 2014 - 07:46 am

MOSCOW/KIEV: Moscow and Kiev took tentative steps yesterday towards ending their standoff over the price of Russian gas supplies to Ukraine that has...

Tunisia to issue delayed $140m sukuk in Sept 16 May 2014 - 07:43 am

TUNIS: Tunisia will sell its first Islamic bond in September after months of delays, raising $140m to boost dwindling currency reserves and help...

Slew of deals signed at Project Qatar 16 May 2014 - 04:47 am

Officials pose for a group picture after the signing ceremony. DOHA: The 11th International Construction, Technology and Building Materials Exhibition — Project Qatar...

Clinton addresses Fiscal Summit 15 May 2014 - 07:01 am

Former US President Bill Clinton (right) with Gwen Ifill of PBS during the 2014 Peterson Foundation Fiscal Summit in Washington yesterday.

Al Najjar welcomes Chamber’s announcement 15 May 2014 - 07:00 am

Caption Doha: Abdulrahman Al Najjar (pictured), the independent nominee to the election of Qatar Chamber of Commerce, yesterday welcomed the announcement of the...

Ukraine faces deeper recession threat: EBRD 15 May 2014 - 06:58 am

Officials at the EBRD Annual Meeting and Business Forum Warsaw 2014, in Warsaw yesterday. WARSAW: Ukraine faces a plunge into recession this year...

Tencent net income soars 60pc 15 May 2014 - 06:56 am

Call for 10-year Pfizer pledge as CEO faces new grilling 15 May 2014 - 06:54 am

Pfizer CEO Ian Read (centre) leaves after appearing at a commons science committee hearing at Portcullis House in London yesterday. LONDON: Pfizer faces...

Protest in Spain 15 May 2014 - 06:53 am

An anti-eviction activist wearing a mask, depicting Santander bank Chairman Emilio Botin, protests to denounce what activists say is a breach of human...

ECB readies package of interest rate cuts 15 May 2014 - 06:48 am

FRANKFURT: The European Central Bank is preparing a package of policy options for its June meeting, including cuts in all its interest rates...

Sony records $1.26bn fiscal year net loss 15 May 2014 - 06:46 am

TOKYO: Struggling electronics giant Sony lost $1.26bn in the fiscal year to March, the once-mighty firm said yesterday, blaming costs tied to its...

India’s April Iran oil imports come down 15 May 2014 - 06:45 am

NEW DELHI: India cut its monthly Iranian crude imports by 42 percent in April from March, in a further sign that Asian oil...

Samsung for compensation over cancer claims of staff 15 May 2014 - 06:45 am

SEOUL: Samsung Electronics promised yesterday to pay compensation to a number of employees who claim they contracted cancer from working at the company’s...

Japan banks warn of shrinking profits 15 May 2014 - 06:41 am

TOKYO: Japan’s top three banks yesterday posted bumper annual profits owing to a surging domestic stock market, but warned that their inflated bottom...

TAQA Q1 profit jumps 158pc on oil revenues 15 May 2014 - 06:41 am

ABU DHABI: Abu Dhabi National Energy Company (TAQA), the state-owned oil explorer and power supplier, posted a 158-percent jump in first-quarter net profit...