Business

Thunderbird launched 30 Oct 2012 - 03:02 am

Royal Enfield motorcycles Senior Vice President Shaji Koshi with the new Thunderbird 500 during its launch in Ahmedabad, India, yesterday.

Doha Bank plans selling shares in London 30 Oct 2012 - 03:02 am

DUBAI: Doha Bank, Qatar’s fifth-largest bank by market value, is considering selling shares in London as part of a plan to boost capital...

Fitch warns of threat from Kuwait unrest 30 Oct 2012 - 03:02 am

PARIS: The ratings agency Fitch warned yesterday that a surge in public unrest in Kuwait could threaten the Gulf state’s solid sovereign rating. ...

Oil firmer as Sandy shuts US refineries 30 Oct 2012 - 03:01 am

LONDON: Brent crude oil steadied around $110 a barrel yesterday as Hurricane Sandy, which forecasters said could be the largest storm ever to...

MasterCard unveils Arabic identity 30 Oct 2012 - 03:00 am

DOHA: With an objective to create enhanced brand affinity among Arab consumers in the Middle East and North Africa (Mena), MasterCard, has unveiled...

EU wants Glencore concessions on Xstrata deal 30 Oct 2012 - 02:59 am

BRUSSELS: EU antitrust regulators have told trader Glencore to offer concessions in its zinc operations to ease concerns about its planned $33bn buy...

Gulf should cut state spending growth: IMF 30 Oct 2012 - 02:59 am

DUBAI: Most Arab oil exporting countries in the Gulf should plan to reduce growth in government spending to make their budgets more sustainable,...

Egypt secures oil supplies for rest of year 30 Oct 2012 - 02:55 am

LONDON: Egypt has secured oil supplies for the rest of the year, despite fears about its ability to make payments, from a small...

Doha Bank takes part in World Energy Forum 30 Oct 2012 - 02:51 am

Dubai: R Seetharaman (pictured), Doha Bank Group CEO, participated in a panel discussion at the recently concluded World Energy Forum, held in Dubai....

BMW to recall 7 Series for transmission flaw 30 Oct 2012 - 02:50 am

Detroit: Bayerische Motoren Werke AG’s BMW of North America affiliate said it will recall 45,500 of its 7 Series luxury sedans from model...

Grain giants tighten grip on market 29 Oct 2012 - 04:01 am

A farmer holds wheat grain near Ashby-de-la-Zouch, central England. Britain will be a net importer of wheat for the first time in a...

Glencore, Xstrata investors to vote on November 20 29 Oct 2012 - 04:01 am

LONDON: Investors in Glencore International and Xstrata, the commodity companies seeking to complete a $33bn combination by the end of the year, are...

Dreams can do more than finance for GDP, say BIS experts 29 Oct 2012 - 04:00 am

PARIS: Finance drives growth, but too much of a good thing sucks the lifeblood, brains and brilliant ideas from an economy, according to...

Saxo Bank launches new charts 29 Oct 2012 - 04:00 am

DOHA: Saxo Bank, the online multi-asset trading and investment specialist, has launched new charts on SaxoTrader and SaxoWebTrader with enhanced functionalities. The new...

Qatar 4th on ‘Future Fifteen’ list 29 Oct 2012 - 04:00 am

DOHA: Qatar has grabbed a top slot in the ‘future forward country’ brand announced by the FutureBrand, a global brand consultancy built on...

Wall Street makes plans to open as Sandy bears down 29 Oct 2012 - 03:59 am

NEW YORK: New York-based stock exchanges are sending officials into Manhattan to stay in hotels and coworkers’ homes as the NYSE and Nasdaq...

ECB chief backs German plan for more EU power 29 Oct 2012 - 03:59 am

BERLIN: The head of the European Central Bank yesterday threw his weight behind a German scheme to allow the EU to intervene in...

Gadgets add complexity to brutal bank layoffs 29 Oct 2012 - 03:58 am

LONDON: In the high-tech, gadget-addicted world of investment banking, layoffs are becoming more complex and brutal as firms try to stop sensitive data...