Business

European stocks rebound; sterling firm against euro 09 Aug 2013 - 03:17 am

Traders work in front of the German share price index DAX board at the Frankfurt Stock Exchange yesterday. LONDON: European stock markets rebounded...

QE investors’ wealth rises to QR539bn 08 Aug 2013 - 01:21 am

DOHA: The banking and financial services and the consumer goods and services indices helped Qatar Exchange (QE) extend its rally this week. The...

Freddie Mac posts $5bn profit in Q2 08 Aug 2013 - 01:19 am

The headquarters of mortgage lender Freddie Mac is seen in Mclean, Virginia, near Washington. Freddie Mac, the US-owned mortgage finance company, yesterday posted...

Oil down on rising North Sea output 08 Aug 2013 - 01:19 am

NEW YORK: Oil slid for a fourth straight session yesterday, driven lower by an expected increase in North Sea crude output next month...

Vodafone turns to sport and songs to sell 4G in Britain 08 Aug 2013 - 01:19 am

LONDON: Vodafone has turned to sports and music to set its 4G superfast mobile service apart when it finally launches in Britain later...

Iraq’s oil exports stagnate, cuts ahead due to port work 08 Aug 2013 - 01:18 am

BAGHDAD: Iraq’s oil exports are stagnating compared with a year ago and are set to fall sharply next month while major work is...

Egypt consumer inflation surges to two-year high 08 Aug 2013 - 01:18 am

CAIRO: Egypt’s urban consumer inflation quickened to its fastest in two years last month, the central bank said yesterday, driven by higher food...

European stocks end mixed amid Fed tapering fears 08 Aug 2013 - 01:16 am

A man uses his mobile phone as he walks past a share prices board outside a securities company in Tokyo yesterday. Japan’s share...

Bank of England ties rates to jobs 08 Aug 2013 - 01:16 am

LONDON: The Bank of England broke with tradition yesterday, planning to keep interest rates at a record low until unemployment falls to 7...

IFC to issue up to $1bn in Nigerian naira bonds 08 Aug 2013 - 01:16 am

LAGOS: The International Finance Corporation will launch a $1bn local currency bond programme in Nigeria that will allow it to issue debt regularly...

Mideast crude tanker rates at 3-month low 08 Aug 2013 - 01:14 am

LONDON: Crude oil tanker earnings on the major Middle East route fell to their lowest in over three months yesterday as a surplus...

Tata Motors Q1 profit dives 08 Aug 2013 - 01:11 am

A worker cleans a Tata Motors passenger bus at a depot in New Delhi yesterday. MUMBAI: India’s top carmaker Tata Motors yesterday reported...

German industrial output surges in June 08 Aug 2013 - 01:10 am

A file picture of cars for export parked at a shipping terminal in the harbour of the northern German town of Bremerhaven. German...

Aldar to reduce $3.8bn debt by more than half 08 Aug 2013 - 01:09 am

ABU DHABI: Developer Aldar Properties laid out plans to cut its $3.8bn debt by more than half in coming years as it starts...

UK watchdog rules against Airbus in jet advert row 08 Aug 2013 - 01:07 am

LONDON: The UK’s advertising watchdog has ruled against Airbus over its complaint that a Boeing Co advert used misleading figures to promote one...

QE emerges as heavyweight in GCC markets 07 Aug 2013 - 02:03 am

By Satish Kanady DOHA: Qatar bourse was the third largest contributor to the GCC’s combined market capitalisation of $864.5bn recorded in July 2013....

Chinese dream 07 Aug 2013 - 02:03 am

Chinese migrant workers walk beside a ‘Chinese Dream’ poster near the CCTV Tower in the Central Business District of Beijing yesterday. Chinese President...

These bells toll in 100 countries 07 Aug 2013 - 02:02 am

Workers work on a new bell in the Grassmayr bell foundry in Innsbruck. The Grassmayr foundry is the oldest family business in Austria...