Business

Russia’s Rosneft considers $66bn rouble bond offer 19 Mar 2014 - 11:18 am

MOSCOW: Russia’s biggest oil company Rosneft is considering offering 2.4 trillion rubles ($66bn) in ruble-denominated bonds to finance its colossal debt in possible...

Ukraine issue hits Russian privatisation plans 19 Mar 2014 - 11:18 am

MOSCOW: Russia said its long-delayed privatisation programme could be postponed again, the latest victim of a deepening economic crisis over Ukraine that has...

Cairn Energy tax row puts India buy-back plan of shares on hold 19 Mar 2014 - 11:17 am

LONDON: London-listed oil and gas explorer Cairn Energy has called a halt to a $300m share buy-back programme until a review of its...

Oriental Weavers ups dividend, profit rises 19 Mar 2014 - 11:16 am

CAIRO: Egypt’s Oriental Weavers, the world’s biggest machine-woven carpet maker, said yesterday it would pay a dividend of 2 Egyptian pounds ($0.29) a...

FDI in China rises 10.4pc in Jan-Feb 19 Mar 2014 - 11:16 am

BEIJING: Foreign direct investment (FDI) into China increased 10.4 percent year on year in the first two months of 2014, the government said...

Moody’s slashes Argentina rating as inflation stays high 19 Mar 2014 - 11:16 am

WASHINGTON: Moody’s lowered its credit rating for Argentina by one step, citing a sharp fall in the country’s reserves and inconsistent economic policies....

Qatar ranked GCC’s top financial centre 18 Mar 2014 - 08:11 am

DOHA: Qatar has been ranked as the top financial centre in the GCC. The Global Financial Centres Index (GFCI 15) covering 83 financial...

Vodafone buys Ono for $10bn 18 Mar 2014 - 08:10 am

A shop assistant at an Ono shop in the Andalusian capital of Seville. LONDON: Vodafone agreed yesterday to buy Spanish cable firm Ono...

Twitter CEO in China ‘to learn more’ on tech landscape 18 Mar 2014 - 08:08 am

WASHINGTON: Twitter Chief Executive Dick Costolo (pictured)is visiting China, the biggest market where the popular messaging service is banned, the company said yesterday....

GM recalls 1.5m vehicles more 18 Mar 2014 - 08:07 am

Chevrolet cars are seen at a GM dealership in Miami. DETROIT: General Motors Co will take a $300m charge primarily to cover the...

Agency 222 wins big at Lynx Awards 18 Mar 2014 - 08:06 am

Doha: Celebrating the best of creative advertising, marketing and design in the Mena (Middle East and North Africa) region, Agency 222 won five...

Protest against debt team 18 Mar 2014 - 08:05 am

Public sector workers scuffle with police before the arrival of a team of inspectors from the IMF, the European Commission and the European...

DBS buys SocGen’s Asia private banking business 18 Mar 2014 - 08:03 am

Regional CEO, Asia Pacific of Societe Generale Private banking Asia in Singapore yesterday. SINGAPORE: Singapore’s DBS Bank said yesterday it had agreed to...

Yuan takes a hit after reform 18 Mar 2014 - 08:01 am

A clerk counts 100 Chinese yuan banknotes at a branch of China Merchants Bank in Hefei yesterday. SHANGHAI: China’s yuan weakened against the...

Emaar’s retail unit spin-off plan won’t affect rating, says S&P 18 Mar 2014 - 07:55 am

DUBAI: Standard & Poor’s plans no rating action relating to Dubai’s Emaar Properties after the emirate’s largest listed developer announced plans to spin...

Trade surplus in January shrinks by 1.7pc to hit QR36.98bn 18 Mar 2014 - 07:55 am

DOHA: Qatar’s foreign trade surplus reached QR36.98bn in January 2014, down 1.7 percent from a year ago. period In January 2014, general exports...

QE index back in green, adds 70.60 points 18 Mar 2014 - 07:54 am

Doha: The Qatar Exchange bourse yesterday closed in the green area, adding 70.60 points, or 0.62 percent, to 11,401.65 points from a day...

Toyota suspends Indian auto production after labour unrest 18 Mar 2014 - 07:53 am

TOKYO: Toyota said yesterday it has suspended production at its two Indian auto assembly plants in response to threats against management and “deliberate”...