Business

Fraud at Citi’s Mexican unit 02 Mar 2014 - 02:06 am

A man walks in front of a Banamex advertisement in Mexico City yesterday. Citigroup Inc said it discovered fraudulent loans in its Mexico...

FIIs buy QR2.5bn in equities in 2013 02 Mar 2014 - 01:56 am

DOHA: Buoyed by the MSCI and S&P Dow Jones’ decision to upgrade the Qatari market, foreign institutional investors (FIIs) were bullish and turned...

No need to panic over Ukraine economy: IMF 02 Mar 2014 - 01:55 am

WASHINGTON: International Monetary Fund chief Christine Lagarde urged calm over Ukraine’s economic situation as talks on cobbling together international aid for the country...

Mannai’s profit up 16.3 percent 02 Mar 2014 - 01:55 am

DOHA: Mannai Corporation Group’s net profit grew by 16.3 percent to QR539m in 2013. International acquisitions contributed 61 percent of net profit. The...

Upbeat Buffett eyes big buys after record Berkshire profit 02 Mar 2014 - 01:55 am

NEW YORK: Warren Buffett’s Berkshire Hathaway Inc yesterday signalled plans to make more large acquisitions to expand a conglomerate that posted a record...

Soros in Spanish property investment 02 Mar 2014 - 01:54 am

MADRID: Hedge fund managers George Soros and John Paulson have both taken a ¤92m ($127m) stake in a new Spanish property investment vehicle...

Milaha 2013 net profit up 14pc at QR950m 02 Mar 2014 - 01:54 am

DOHA: Qatar Navigation (Milaha) recorded a net profit of QR950m for the full-year 2013 against QR835m for the same period in 2012, an...

Mt Gox files for bankruptcy, hit with lawsuit 02 Mar 2014 - 01:54 am

TOKYO: Mt Gox, once the world’s biggest bitcoin exchange, filed for bankruptcy protection in Japan on Friday, saying it may have lost nearly...

EU inflation stabilises in ‘danger zone’ 02 Mar 2014 - 01:19 am

BRUSSELS: Eurozone inflation stabilised in the European Central Bank’s “danger zone” in February but did not fall as expected, making it less likely...

Ageing impacts growth: QNB 02 Mar 2014 - 01:19 am

Doha: Ageing population has a direct impact on economic performance, fiscal policy and asset allocation. It is also a critical indicator for long-term...

Portugal sees brighter economic outlook 02 Mar 2014 - 01:19 am

LISBON: Portugal passed the penultimate review of its fiscal and economic performance under an EU/IMF bailout, and the government raised its forecast for...

US consumer sentiment up 02 Mar 2014 - 01:19 am

NEW YORK: Consumer sentiment rose marginally in February even as concerns about the extreme weather persisted, a survey released showed. The Thomson Reuters/University...

Al Khaliji lead participant at UAE conference 02 Mar 2014 - 01:18 am

Doha: Al Khalij Commercial Bank was a leading participant at the recently held Syndicated Lending Middle East conference on ‘Financing in a New...

US Fed may let inflation run high to meet goals 02 Mar 2014 - 01:18 am

NEW YORK: The US Federal Reserve should be willing to let inflation temporarily run above its target level so as to more quickly...

Ireland looks for a big bank 02 Mar 2014 - 01:18 am

DUBLIN: Ireland would like a “significant” new bank with a big balance sheet to enter its lending market this year to drive competition...

Gap Inc seeks new berth in China with Old Navy 02 Mar 2014 - 01:17 am

SHANGHAI: When Gap Inc began an online campaign ahead of the launch its Old Navy label in China, the iconic US clothes retailer...

US oil prices increase as Bakken crude shipments fall 02 Mar 2014 - 01:17 am

NEW YORK: US oil had its eighth straight week of gains on Friday on market talk of fewer oil rail shipments from the...

China manufacturing slows to 8-month low 02 Mar 2014 - 01:17 am

BEIJING: China’s manufacturing growth fell to an eight-month low in February, official figures showed yesterday, in a further sign of the flagging strength...