Business

Brent falls to $100.74 a barrel 22 Jun 2013 - 03:07 am

NEW YORK: Oil slid for a second day in choppy trade yesterday, with Brent heading for its biggest two-day drop in a year...

Shell looks at more asset sales in Nigeria 22 Jun 2013 - 03:06 am

LAGOS: Oil giant Shell announced yesterday that it may sell more of its onshore oil blocks in Nigeria, where theft and sabotage have...

Equities markets stabilise 22 Jun 2013 - 03:05 am

Traders work on the floor of the New York Stock Exchange yesterday. Stocks were back in positive territory following two days of sell-offs....

Turkish lira trades near record lows 22 Jun 2013 - 03:05 am

ISTANBUL: , The Turkish lira traded near record lows while bonds weakened in thin volumes yesterday, as investors monitored the central bank’s response...

BP shuns advanced biofuels investment in EU 22 Jun 2013 - 03:04 am

LONDON: Oil major BP is directing investment in advanced biofuels to the United States and South America due to uncertainty about the European...

Iraq’s 2013 oil target within reach: Officials 22 Jun 2013 - 03:04 am

LONDON: , Iraq’s oil output target for 2013 is still within reach, even with flows stuck at 3 million barrels a day during...

EU-wide rules on shutting banks sought 22 Jun 2013 - 03:03 am

LUXEMBOURG: The European Union sought yesterday to forge rules to force losses on large savers of failed banks, a taboo that was broken...

Fed exit plan hammers markets 21 Jun 2013 - 01:20 am

A fruit seller hands back change to a customer at a stall in Mumbai yesterday. The Indian rupee hit an all-time low of...

Qatar Exchange index dips 2.46pc 21 Jun 2013 - 01:20 am

DOHA: Qatar Exchange (QE) index shed 233.61 points or 2.46 percent last week to close at 9,246.19 points. Market capitalisation fell by 2.09...

Brent, NY crude prices plunge 21 Jun 2013 - 01:20 am

LONDON: Oil prices plunged yesterday, mirroring the direction of stock markets and gold prices, a day after Federal Reserve chairman Ben Bernanke signalled...

Gold slides by more than 4pc 21 Jun 2013 - 01:19 am

LONDON: Gold plunged to its lowest in more than two-and-a-half years yesterday, with investors exiting in droves after the US Federal Reserve gave...

Russia, China reach $60bn oil supply deal 21 Jun 2013 - 01:19 am

SAINT PETERSBURG: Moscow and Beijing have reached agreement on a $60bn contract to ramp up Russian oil supplies to China, part of the...

Natural gas enjoying a golden age: IEA 21 Jun 2013 - 01:18 am

SAINT PETERSBURG: The International Energy Agency said yesterday that natural gas was enjoying “a golden age” even if the growth in output over...

CBQ board dissolves Gekko 21 Jun 2013 - 01:18 am

Doha: Commercial Bank of Qatar has announced the dissolution of Gekko LLC after a review of its performance and future prospects, a Qatar...

Tasdeer to promote non-oil export firms 21 Jun 2013 - 01:16 am

Hassan Khalifa Al Mansoori, Executive Director of Tasdeer, with Monia Posteh from the Ministry of Trade and Zahra Maafri, Director-General, Maroc Export. DOHA:...

British banks need £13.4bn more capital 21 Jun 2013 - 01:15 am

LONDON: Five British banks, including Barclays and bailed-out pair RBS and Lloyds, must together find an extra £13.4bn to meet international rules on...

Airbus, Boeing win big orders 21 Jun 2013 - 01:13 am

LE BOURGET: Aerospace giants Airbus and Boeing racked up orders at the 50th Paris Air Show while Embraer of Brazil and prop-jet specialist...

Rumours intensify of a bid for Nokia 21 Jun 2013 - 01:09 am

HELSINKI: Rumours that struggling Finnish mobile phone maker Nokia may be up for sale have intensified this week, with analysts seeing three potential...