Business

QInvest advises consortium for Chinese acquisition 17 Feb 2013 - 04:55 am

DOHA: QInvest LLC, Qatar’s leading investment bank, is advising a consortium of investors led by the Kingdom Holding Company (KHC) for the acquisition...

Sterling may need to weaken further, says BoE official 17 Feb 2013 - 04:55 am

LONDON: Sterling may need to weaken further in order to rebalance Britain’s economy, senior Bank of England policymaker Martin Weale said yesterday, as...

Tasdeer plans to promote Qatar’s electrical products at Dubai event 17 Feb 2013 - 04:54 am

DOHA: Qatar Development Bank’s export development agency, Tasdeer, will take part in the upcoming three-day “Middle East Electricity” exhibition to be held in...

G20 steps back from currency brink 17 Feb 2013 - 04:53 am

MOSCOW: The Group of 20 nations declared yesterday that there would be no currency war and deferred plans to set new debt-cutting targets,...

Devaluation of bolivar a blow to major US firms 17 Feb 2013 - 04:53 am

NEW YORK: The recent devaluation of the Venezuelan bolivar was a blow to some major US companies, highlighting the importance of financial ties...

Britain considers RBS share giveaway 17 Feb 2013 - 04:53 am

LONDON: Britain’s finance ministry insisted yesterday that it would dispose of its majority stake in the Royal Bank of Scotland “at the appropriate...

EU states want ‘fair tax share’ from big business 17 Feb 2013 - 04:52 am

MOSCOW: The finance ministers of Britain, France and Germany yesterday launched a new drive to force big business to pay its fair share...

Air Arabia Q4 net profit rises 6pc 17 Feb 2013 - 04:52 am

ABU DHABI: UAE budget carrier Air Arabia reported a 6 percent rise in fourth quarter net profit yesterday, helped by a rise in...

QNB Group: Has gold lost its appeal? 17 Feb 2013 - 04:51 am

QNB Group: Has gold lost its appeal? Doha: Gold prices have been one of the strongest performing investments this decade, rising from $282...

BlackBerry co-founder sells entire stake 16 Feb 2013 - 05:10 am

The BlackBerry ticker is displayed on a screen at the post that trades the stock on the floor of the New York Stock...

US chemical firms eye gains from trade talks with EU 16 Feb 2013 - 05:10 am

WASHINGTON: US chemical companies, already riding a wave of lower production costs because of the United States’ natural gas boom, see additional gains...

Chrysler recalls 4,278 sports cars on airbag issue 16 Feb 2013 - 05:09 am

New Delhi: The sale of counterfeit and smuggled products and tax evasion in seven key sectors that include auto, fast moving consumer goods,...

European stocks close mostly down, Wall street flat 16 Feb 2013 - 05:09 am

LONDON: European shares nudged lower yesterday, held back by weak utilities and banks, though strategists reckoned that any dips in the equity markets...

Cameron may fly into Shell India tax dispute 16 Feb 2013 - 05:08 am

LONDON: Oil company Royal Dutch/Shell has asked the British government to raise the subject of a tax dispute with India during Prime Minister...

Fake products caused $48.2bn loss to Indian exchequer: Study 16 Feb 2013 - 05:07 am

New Delhi: The sale of counterfeit and smuggled products and tax evasion in seven key sectors that include auto, fast moving consumer goods,...

Cameron may fly into Shell India tax dispute 16 Feb 2013 - 05:07 am

LONDON: Oil company Royal Dutch/Shell has asked the British government to raise the subject of a tax dispute with India during Prime Minister...

G20 seeks to banish currency war spectre 16 Feb 2013 - 05:06 am

MOSCOW: Finance ministers from G20 states gathered yesterday in Moscow for their first meeting in the Russian capital aimed at reassuring markets that...

Vatican’s new bank chief has military ship links 16 Feb 2013 - 05:05 am

VATICAN CITY: The Vatican was drawn into a new controversy over its embattled bank yesterday after acknowledging that the institution’s new president is...