Business

Big shareholder concedes to Smithfield deal 22 Sep 2013 - 01:11 am

New York: Smithfield Foods Inc’s largest shareholder says it would vote in favour of a proposed takeover by a Chinese meat producer after...

QIIB holds workshop for senior executives 22 Sep 2013 - 01:09 am

Abdulbasit Ahmad Abdul Rahman Al Shaibei addressing the workshop. DOHA: International Islamic (QIIB) held a one-day workshop for its senior executives. Chaired by...

UK economy faces structural weakness 22 Sep 2013 - 01:09 am

Doha: A raft of positive economic data on the UK economy has raised expectations that the economy may be emerging from an extended...

QFMA signs multilateral MoU with IOSCO 22 Sep 2013 - 01:09 am

DOHA: Qatar Financial Markets Authority (QFMA) signed a multilateral memorandum of understanding (MMoU) with the International Organisation of Securities Commissions (IOSCO) in Luxemburg...

Ranbaxy taking ‘stringent steps’ to end US ban on imports 22 Sep 2013 - 01:06 am

Ranbaxy-manufactured drugs are seen at a chemist shop in New Delhi. Ranbaxy Laboratories has assured shareholders it is taking “stringent steps” to resolve...

Wind power of Ecuador 22 Sep 2013 - 01:05 am

A technician walks the ground at a power station on Villanaco hill in Loja, Ecuador, yesterday. The Villanaco wind farm, which consists of...

Qatar Exchange Roundup: Ease on Syria tension lifts Qatari index 22 Sep 2013 - 01:03 am

by Bashir Yusuf Kahlout The visible ease on the Syrian tension reflected positively on Qatar Exchange (QE) last week. As the market nearing...

BlackBerry warns of big loss; job cuts 22 Sep 2013 - 01:03 am

TORONTO: BlackBerry Ltd warned it expected to report a huge quarterly operating loss next week and that it will cut more than a...

Lockheed Martin clinches $4bn Pentagon deal 22 Sep 2013 - 01:02 am

WASHINGTON: The Pentagon said it had finalised a contract worth nearly $4bn with Lockheed Martin Corp to supply additional missile defence equipment to...

Huawei to add 5,500 jobs in Europe 22 Sep 2013 - 01:01 am

BEIJING: Chinese telecommunications equipment maker Huawei plans to create 5,500 jobs in Europe within five years as the company expands its services in...

Sudan currency falls to record low 22 Sep 2013 - 12:43 am

KHARTOUM: Sudan’s currency has fallen to a record low against the dollar on the black market as people rush to change savings into...

Foreign investment in Myanmar surges 21 Sep 2013 - 07:46 am

Workers at the Vietnam Hoang Anh Gia Lai (HAGL) construction site in Yangon yesterday. Myanmar has approved more foreign direct investment in the...

France must cut reliance on oil: Hollande 21 Sep 2013 - 07:46 am

PARIS: France should aim for a 30 percent cut in fossil fuel use by 2030, President Francois Hollande said in a speech yesterday...

Scandals cost JPMorgan Chase $1bn in fines 21 Sep 2013 - 07:46 am

Washington: It’s $1bn in payouts that JPMorgan Chase & Co most likely wants to forget. In agreements with regulators totalling $1bn and made...

Shell restarts Iraq’s Majnoon oil field 21 Sep 2013 - 07:45 am

BASRA: Royal Dutch Shell has restarted production at Iraq’s Majnoon oil field, one of four giant fields core to the country’s plans to...

Oil edges higher, set for big weekly loss as risks ease 21 Sep 2013 - 07:45 am

NEW YORK: Brent crude oil edged higher yesterday but was headed for its second weekly decline, down more than three percent after a...

New RBI chief orders surprise rate increase 21 Sep 2013 - 07:45 am

MUMBAI: India’s new central bank governor surprised markets yesterday with a bold decision to hike interest rates on fears of rising inflation, triggering...

Etihad focused on Jet Airways stake, says CEO 21 Sep 2013 - 07:44 am

PARIS: Abu Dhabi-based Etihad airlines is focused on taking a stake in India’s Jet Airways, its chief executive said yesterday amid media speculation...