Business

Indian stocks hit record high on election result hopes 10 May 2014 - 12:04 am

MUMBAI: India’s stock market surged yesterday, touching a new high on hopes that election results next week will usher in a stable government...

Platinum miner Lonmin aims for May 14 restart 10 May 2014 - 12:04 am

JOHANNESBURG: South African platinum producer Lonmin is laying the groundwork to restart its operations next week after a concerted effort to woo striking...

Turkish Airlines posts deeper first quarter loss 10 May 2014 - 12:03 am

ISTANBUL: Turkish Airlines posted a much deeper first quarter loss than expected yesterday despite rising sales, as it battles tough competition from low-cost...

IMF head in Morocco 09 May 2014 - 05:07 am

IMF Managing Director Christine Lagarde (left) with Morocco’s Minister of Economy and Finance Nizar Baraka as she arrives for a meeting at the...

Toshiba profit down 34pc, eyes Alstom unit 09 May 2014 - 05:07 am

A customer checks Toshiba’s notebook computers at an electric shop in Tokyo yesterday. TOKYO: Toshiba said yesterday its full-year net profit fell about...

Emirates profit up 43pc to $887m 09 May 2014 - 05:06 am

Emirates Chairman Sheikh Ahmed bin Saeed Al Maktoum arrives for a conference to announce the results of the Group in Dubai yesterday. DUBAI:...

Barclays to cut 19,000 jobs in three years 09 May 2014 - 05:05 am

A man withdraws money from a Barclays branch in Rome yesterday. LONDON: Britain’s Barclays reined in its ambitions to be a Wall Street...

QPI, Centrica Plc reach agreement 09 May 2014 - 05:04 am

Doha: Qatar Petroleum International (QPI), the international arm and the wholly-owned subsidiary of Qatar Petroleum (QP) have reached an agreement with Centrica Plc...

No change in ECB rate, cut likely in June 09 May 2014 - 05:03 am

BRUSSELS: The European Central Bank is ready to take action next month to boost the eurozone economy if price inflation forecasts warrant it,...

Samsung replaces mobile design head 09 May 2014 - 05:02 am

SEOUL: Samsung Electronics Co Ltd, the world’s biggest handset maker, has replaced the head of its mobile design team amid criticism of the...

Bank of England keeps interest rate at record level of 0.50pc 09 May 2014 - 05:02 am

LONDON: The Bank of England said yesterday it had voted to keep its main interest rate at a record low 0.50 percent. The...

Saudi crude output rises to 9.66m b/d 09 May 2014 - 05:02 am

KHOBAR: Saudi Arabia produced 9.66 million barrels per day (m b/d) of crude oil in April, up from 9.566m b/d in March, an...

Toyota posts record annual profit of $17.9bn 09 May 2014 - 05:01 am

TOKYO: Toyota booked a record $17.9bn annual net profit yesterday, driven by a recovery in major markets and the weaker yen, but the...

QE index gains 233.76 points last week 09 May 2014 - 05:01 am

Doha: Qatar Exchange index gained 233.76 points, 1.84 percent, last week when the bourse closed at 12,961.40 points yesterday. The trading value of...

US jobless claims fall after surge 09 May 2014 - 05:01 am

WASHINGTON: New claims for US unemployment insurance benefits fell last week following a short-lived surge, bringing them back in line with the past...

China trade volumes creep up in April 09 May 2014 - 05:00 am

BEIJING: China’s exports and imports rose marginally in April, official data showed yesterday, rebounding from sharp declines in March, but analysts saw a...

No huge rise in credit concentration: QCB 09 May 2014 - 03:58 am

DUBAI: Lending by Qatari banks has not become significantly more concentrated among borrowers, and the Gulf state is taking steps to ensure financial...

Qatar ranks No. 2 in per capita GDP 08 May 2014 - 12:56 am

DOHA: As a result of real estate boom and massive infrastructure development, Qatar ranked second among the world’s 30 leading countries in terms...