Business

China growth slows to 7.3pc in first quarter 15 Apr 2014 - 01:21 am

BEIJING: China’s economic expansion slowed in the first three months of this year, according to a survey, and remains on track for its...

Glencore Xstrata sells Peru mine 15 Apr 2014 - 01:20 am

Beijing: Glencore Xstrata has sold its interest in the Las Bambas copper mine in Peru to a Chinese consortium in a $6bn cash...

Italy inflation is slowing down 15 Apr 2014 - 01:19 am

ROME: Inflation in Italy has slowed again to 0.4 percent on a 12-month basis in March, official final data showed amid growing concern...

US retail posts biggest gain in 18 months 15 Apr 2014 - 01:18 am

WASHINGTON: US retail sales recorded their largest gain in 18 months in March, in the latest sign the economy was emerging from its...

Eurozone industrial output edges up in Feb 15 Apr 2014 - 01:17 am

BRUSSELS: Eurozone industrial output edged higher in February, official data showed yesterday, in line with recent data showing a very modest economic recovery...

Opel eyes return to profit in 2015 15 Apr 2014 - 01:17 am

FRANKFURT: Loss-making German automaker Opel, a unit of General Motors, could steer back to profit as early as next year, its chief said...

Citi profits up 3.5pc on lower costs 15 Apr 2014 - 01:17 am

NEW YORK: Citigroup reported slightly higher quarterly earnings yesterday, as lower expenses and credit losses helped offset revenue declines in mortgage finance and...

ThyssenKrupp, Saab in talks for shipyards deal 15 Apr 2014 - 01:17 am

FRANKFURT: German heavy industry giant ThyssenKrupp said yesterday it is in talks with Saab of Sweden over the sale of its Swedish shipyards...

Disruptive capital flow a worry: Qatar 14 Apr 2014 - 01:05 am

IMF Managing Director Christine Lagarde (right) with World Bank President Jim Yong Kim at the IMF and World Bank Joint Development Committee meeting...

EU to approve bank rules this week 14 Apr 2014 - 01:03 am

A woman holds a sign reading “No to austerity, share the riches” in a demonstration against austerity in Paris. LONDON: The European Union...

Muntajat promotes petrochem industry at GPCA PlastiCon 14 Apr 2014 - 12:58 am

Muntajat delegation at GPCA Plasticon and Plastivision. DOHA: Qatar Chemical and Petrochemical Marketing and Distribution Company (Muntajat) represented Qatar’s downstream industry at the...

RasGas unit posts safety milestone 14 Apr 2014 - 12:57 am

The Shorebase team. Doha: The Offshore Support team (Shorebase) of the Offshore Asset Department of RasGas Company Ltd recently celebrated the completion of...

Protest against oil exploration 14 Apr 2014 - 12:56 am

People dressed in black form a human chain as they protest against oil exploration off the coast of the Balearic Islands, at Playa...

Abu Dhabi ports expect year-end spike 14 Apr 2014 - 12:56 am

ABU DHABI: State-owned Abu Dhabi Ports Co (ADPC) expects a surge in shipping traffic towards the end of this year as work on...

BHP polishes up nickel unit for demerger 14 Apr 2014 - 12:55 am

A man walks past the head office of BHP Billiton in central Melbourne. Breakthroughs in the way BHP Billiton processes nickel ores could...

IMF no longer forces structural adjustment 14 Apr 2014 - 12:54 am

WASHINGTON: The International Monetary Fund has changed and no longer imposes tough “structural adjustment” programmes as it did in poor countries two decades...

Markets slip, Qatar index down 1.39pc 14 Apr 2014 - 12:53 am

Doha: Qatar Exchange ended in the red area when trading closed yesterday at 12,225.19 points, down 172.02 points, or 1.39 percent, from the...

Saudi bourse changes closing price calculation 14 Apr 2014 - 12:53 am

RIYADH: Saudi Arabia’s stock exchange introduced yesterday a new method for calculating the closing prices of traded shares, to limit excessive speculation and...