Business

World food prices jump 04 Apr 2014 - 05:35 am

ROME: Global food prices rose to their highest in almost a year in March, led by unfavourable weather for crops and political tensions...

Qatar Exchange up 0.37 percent 04 Apr 2014 - 05:35 am

Doha: Qatar Exchange pursued its upswing trend yesterday adding 43.92 points (0.37 percent) to advance to 11,983.87 points from 11,939.95 on Wednesday. Among...

New Syria airline plans first flights in mid-May 04 Apr 2014 - 05:35 am

DAMASCUS: A new Syrian commercial airline plans to start operating to several Arab cities next month, its chairman said yesterday, despite the conflict...

Kuwaiti family exploring sale of Americana 04 Apr 2014 - 05:34 am

LONDON: Kuwait’s billionaire Al Kharafi family is looking to sell Americana, one of the Middle East’s largest food companies, and has hired bankers...

US trade deficit widens to $42.3bn in Feb 04 Apr 2014 - 05:34 am

WASHINGTON: The US trade deficit unexpectedly widened in February as exports hit a five-month low, suggesting first-quarter growth could be much weaker than...

Greece plans bond market comeback 04 Apr 2014 - 05:34 am

LONDON: Greece is planning to return to the international bond market this month, four years after it became the first eurozone country to...

UK to probe $250bn credit card market 04 Apr 2014 - 05:33 am

LONDON: Britain’s financial watchdog will investigate the £150bn ($250bn) credit card market to assess if “survival borrowers” who find it difficult to repay...

Qatar Cool’s third plant to be operational by ’16 04 Apr 2014 - 04:48 am

Wael Ayoub, Business Development Manager, showing the control room of Qatar Cool during a media tour yesterday. Nahar S Al Mutawah, VP-Operation and...

Chrysler group in massive recall 03 Apr 2014 - 08:53 am

The 2014 Jeep Grand Cherokee is introduced at the North American International Auto Show in Detroit, Michigan. Chrysler Group said yesterday it would...

Asos says growth story still intact after profit fall 03 Apr 2014 - 08:49 am

Ellie O’Connor, an assistant merchandiser, works in the Asos headquarters in London yesterday. LONDON: British online fashion retailer Asos said yesterday its long-term...

High-speed train business 03 Apr 2014 - 08:47 am

Jochen Eickholt, CEO Siemens AG Rail Systems; CEO of the German railway firm Deutsche Bahn Ruediger Grube and German Transport Minister Alexander Dobrindt...

Waiting for jobs 03 Apr 2014 - 08:46 am

People wait to enter a government-run employment office in Madrid yesterday. The number of people registered as jobless in Spain fell by 0.35...

Rubicon debuts on NYSE 03 Apr 2014 - 08:45 am

Chief Executive Officer of the Rubicon Project, Frank Addante (second right), rings a bell for the company’s IPO on the floor of the...

BNY Mellon official on hot seat 03 Apr 2014 - 08:44 am

A wom A woman walks past a logo at the office of the Bank of New York Mellon in Brussels. BNY Mellon Corp’s...

IMF ramps up loan conditions despite promises 03 Apr 2014 - 08:36 am

WASHINGTON: The number of conditions the International Monetary Fund attaches to its loans has grown in recent years, despite promises to limit what...

Russia Binbank to take over Ukrainian unit 03 Apr 2014 - 08:35 am

MOSCOW: Russian lender Binbank said yesterday it could buy the Moscow subsidiary of Ukraine’s Privatbank in two weeks from its Ukrainian owners who...

EU bank rescue package could avert Greek bailout 03 Apr 2014 - 08:34 am

ATHENS: Greece wants to use some ¤11bn ($15bn) left in its EU bank rescue package to meet upcoming needs and avoid a new...

Qatar Exchange index adds 34.01 points 03 Apr 2014 - 08:33 am

Doha: Qatar Exchange index added 34.01 points, or 0.29 percent, to advance to 11,939.95 points from 11,905.94 on Tuesday. The volume of the...