Business

ECB still has policy options: Praet 18 Nov 2013 - 02:01 pm

FRANKFURT: The European Central Bank has policy options even if the benchmark interest rate were to fall to zero, ECB Executive Board Member...

Weekly Commodity Update: Gold shines, Brent and petrol the best performers 18 Nov 2013 - 01:59 pm

By Ole Hansen , (Head of Commodity Strategy, Saxo Bank) It has been a mixed week for commodities with major divergence between the...

Qatar Airways signs LoI for 50 Boeing 777-9X 18 Nov 2013 - 03:17 am

Qatar Airways Chief Executive Officer Akbar Al Baker (extreme right) signing a Letter of Intent for the purchase of 50 Boeing 777-9X aircraft...

Ecologic vehicle 17 Nov 2013 - 08:15 am

The ‘Urbee’, an ecologic vehicle, is displayed by its creator Jim Kor during the “3 D Print Show” exhibition in Paris on Friday.

US pumps up oil production in October 17 Nov 2013 - 08:15 am

WASHINGTON: The United States produced more crude oil in October than it imported for the first time since early 1995, as domestic shale...

Etihad in talks to buy 75 Airbus jets in order worth $16bn 17 Nov 2013 - 08:14 am

DUBAI: Abu Dhabi’s Etihad Airways is in talks to order as many as 75 Airbus jets, including around 50 of the European planemaker’s...

Former US treasury secretary to join private equity firm 17 Nov 2013 - 08:14 am

NEW YORK: Former US treasury secretary Timothy Geithner, who played a major role in combating the global financial crisis, is joining private-equity firm...

The NR Eye: Time ripe for NRIs to look at mutual funds through SIPs 17 Nov 2013 - 08:13 am

by Moiz Mannan At a time when the Indian rupee is still cheap but its freefall appears to have been largely arrested, it...

Qatar Exchange Roundup: Strong net buying props up index 17 Nov 2013 - 08:12 am

By Basher Kahlout After a day of hesitation at the beginning of the week, things changed to a better start from Monday, with...

Diversification key to Iraq prosperity 17 Nov 2013 - 08:12 am

Doha: Iraq continues to expand its oil resources, but further economic diversification is needed, according to QNB Group. Following the Iraq war, oil...

EU set for battle over rules for securities markets 17 Nov 2013 - 08:11 am

LONDON: A battle over the rules governing Europe’s stock, bond, commodities and derivatives markets rachets up next week when the EU’s financial services...

Egypt’s wheat supply to last until March 5, says minister 17 Nov 2013 - 08:11 am

CAIRO: Egypt’s wheat supply is sufficient to last the country until March 5, the supplies minister said yesterday. Mohamed Abu Shadi said in...

Berkshire adds $3.7bn ExxonMobil stake 17 Nov 2013 - 08:10 am

A view of the ExxonMobil refinery in Baytown, Texas. NEW YORK: Berkshire Hathaway Inc has reported a stake in ExxonMobil Corp valued at...

JPMorgan Chase to pay investors $4.5bn over mortgage bonds 17 Nov 2013 - 08:09 am

NEW YORK: JPMorgan Chase said on Friday that it had reached a deal with 21 institutional investors to pay $4.5bn for losses on...

H&M grabs more control in Bangladesh 17 Nov 2013 - 08:09 am

STOCKHOLM: Three decades after it started doing business with suppliers in Bangladesh, Hennes & Mauritz is seeking greater control of production in a...

Trade deal will not pander to big business, say US and EU 17 Nov 2013 - 08:09 am

BRUSSELS: US and EU trade negotiators rejected accusations on Friday that they are pandering to multinational companies in their push to agree the...

Commodity prices mixed on stimulus outlook 17 Nov 2013 - 07:49 am

LONDON: Commodity prices traded mixed this week as dealers reacted to US stimulus expectations amid weaker growth worries across the globe. Raw material...

Cyprus to lift capital controls within months 17 Nov 2013 - 07:48 am

BRUSSELS: Cyprus is likely to completely lift controls on capital movement within months, finance minister Harris Georgiades said on Friday, ending a controversial...