Business

Boost for growth as US durable goods orders up 28 May 2014 - 12:14 am

WASHINGTON: Orders for long-lasting US manufactured goods unexpectedly rose in April and consumer confidence perked up in May, supporting views of a rebound...

British banks lend fewest mortgages in eight months 28 May 2014 - 12:13 am

LONDON: Britain’s banks last month approved the lowest number of mortgages since August 2013 in the latest sign that the housing market is...

BHP Billiton may cut jobs 28 May 2014 - 12:13 am

LONDON: BHP Billiton , the world’s largest diversified mining company, may cut jobs at its Worsley Alumina operations in Australia after completing a...

Inkel’s board meeting in Doha 28 May 2014 - 12:13 am

Doha: A meeting of the board of directors of Inkel Ltd with head quarters in Kochi, Kerala will be held in Doha on...

Russia not to target foreign companies 28 May 2014 - 12:12 am

VIENNA: Russia is not preparing retaliatory steps to punish foreign companies for western sanctions over Moscow’s involvement in Ukraine, President Vladimir Putin’s top...

S Africa economy contracts for first time since 2009 28 May 2014 - 12:12 am

PRETORIA: South Africa’s economy shrank 0.6 percent quarter-on-quarter in the first three months of this year as a massive decline in output from...

Iraq’s southern oil exports eye record 28 May 2014 - 12:12 am

LONDON: Oil exports from Iraq’s southern terminals are on track for a record high in May, according to loading data and industry sources,...

Pilgrim’s Pride for $6.4bn deal with Hillshire 28 May 2014 - 12:12 am

NEW YORK: US chicken producer Pilgrim’s Pride yesterday announced a bid to acquire frozen-foods company Hillshire Brands in a deal worth $6.4bn. Pilgrim’s...

ECB on €300m spending spree for watchdog 28 May 2014 - 12:11 am

FRANKFURT: The European Central Bank will spend ¤300m ($410m) this year and next in building an elite group to monitor top banks, with...

Gold slips 2pc after US data; platinum falls on strike 28 May 2014 - 12:11 am

LONDON: Gold slipped two percent to a 3-1/2 month low yesterday, extending losses after strong US data lifted optimism about the economy, while...

Weekly Commodity Update: Crude oil rising on seasonal pickup, gold is still playing ping pong 28 May 2014 - 12:02 am

By Ole S. Hansen (Head of Commodity Strategy, Saxo Bank) The DJ-UBS Commodity index is showing signs of bottoming out following three weeks...

Vodafone showcases technologies 27 May 2014 - 03:25 am

Sheikh Dr Khalid bin Thani bin Abdullah Al Thani, Chairman of Vodafone Qatar, at QITCOM 2014. RIGHT: Vodafone has partnered with Alfardan Automobiles,...

Projects get QBIC support 27 May 2014 - 03:20 am

Officials and entrepreneurs at the event. Doha: Qatar Business Incubation Center (QBIC) announced today 15 projects chosen to be ‘incubated’ and receive its...

S Korea’s top mobile chat app, portal to merge 27 May 2014 - 03:00 am

Daum Communications CEO Choi Sae-hoon (left) and Kakao Corp CEO Sirgoo Lee yesterday. SEOUL: South Korea’s top messaging service provider, Kakao Corp, and...

Q-Coat becomes largest producer of ECR steel 27 May 2014 - 02:57 am

Officials at the technical seminar organised by Q-Coat yesterday. BY MOHAMMAD SHOEB DOHA: Qatar Metals Coating Company (Q-Coat), the sole supplier of anti-corrosion...

New Honda City unveiled 27 May 2014 - 02:16 am

Faisal Sharif (second right), Managing Director of Domasco, Greig Roffey (second left), sales and marketing manager, Domasco, with other officials during the unveiling...

Malabar Group enters UAE property market 27 May 2014 - 02:09 am

Sultan Al Shamsi, CEO, Sharjah International Investment, Wedad Abdullah Al Marzouqi, Manager, Chairman’s Office, Sharjah Economic Development Department and M P Ahammed, Chairman,...

IMF asks central banks to work closely 27 May 2014 - 02:07 am

IMF Managing Director Christine Lagarde (left) at the ECB Forum on Central Banking in Sintra. SINTRA: Christine Lagarde, Managing Director of the International...