Business

GM profits down 85pc after recalls 25 Apr 2014 - 10:03 am

The President of General Motors North America, Mark Reuss, with the new Chevrolet Corvette during a launch. GM said its first-quarter profits plunged...

Barclays profit falls 25 Apr 2014 - 10:02 am

A demonstrator, wearing a mask depicting Barclays CEO Antony Jenkins, protests as a guide directs shareholders to the Barclays AGM in London yesterday....

US on growth path 25 Apr 2014 - 10:00 am

Workers assemble built-in appliances at the Whirlpool manufacturing plant in Cleveland, Tennessee. Orders for long-lasting US manufactured goods rose more than expected in...

Apple splitting stocks before ‘next big thing’ as iPhone sales soar 25 Apr 2014 - 09:59 am

SAN FRANCISCO: Apple courted investors with stock split plans as hot iPhone sales pushed up profits while underscoring pressure for the company to...

Facebook profits triple to $642m 25 Apr 2014 - 09:59 am

NEW YORK: Facebook profits tripled to $642m in the first quarter on a 72-percent surge in revenues helped by strong gains in mobile...

Shale gas work to bring in £33bn, 64,000 jobs to Britain 25 Apr 2014 - 09:59 am

London: The development of shale gas in Britain could create more than 64,000 jobs and give local businesses a £33bn ($55.37bn) capital injection,...

GE in talks to buy Alstom for about $13bn 25 Apr 2014 - 09:58 am

PARIS/NEW YORK: Alstom said yesterday it was not informed of any potential public tender offer for its shares, which opened 17 percent higher...

DP World looks for $3bn loan 25 Apr 2014 - 09:58 am

DUBAI: Dubai-owned port operator DP World is in talks with lenders to triple the size of an existing $1bn loan, as well as...

Russian bank moves funds home on sanctions threat 25 Apr 2014 - 09:58 am

MOSCOW: Russia’s third biggest bank moved almost $7bn to the central bank as tension over Ukraine rose in March and joined others in...

IMF to decide on Ukraine aid on April 30 25 Apr 2014 - 09:57 am

WASHINGTON: The International Monetary Fund will take a final decision on a huge rescue plan for embattled Ukraine on April 30, a spokesman...

MtGox to start liquidation process 25 Apr 2014 - 09:57 am

TOKYO: Failed Bitcoin exchange MtGox, whose spectacular collapse hammered the digital currency’s reputation, is to be liquidated after a Japanese court yesterday ordered...

Spain shows fastest growth in six years 25 Apr 2014 - 09:57 am

MADRID: Spain’s economy grew at the fastest rate in six years in the first quarter of 2014 as it pulled out of a...

International Islamic profit up 10.2pc 24 Apr 2014 - 01:46 am

Sheikh Dr Khalid (left) and Al Shaibei. DOHA: Qatar International Islamic Bank (International Islamic) recorded a solid net profit of QR204m for the...

QE index edges up, gains 0.17pc 24 Apr 2014 - 01:44 am

Doha: Qatar’s bourse, which hit an all-time closing high on Tuesday, edged up again yesterday, adding another 21.76 points, or 0.17 percent, to...

QBA to extend support to Kenyan trade 24 Apr 2014 - 01:39 am

Sheikh Dr Khalid bin Thani Al Thani (left) with President of Kenya, Uhuru Kenyatta (centre), Sheikh Faisal bin Qassim Al Thani (second from...

Move to spur female entrepreneurship 24 Apr 2014 - 01:38 am

Cherie Blair with Badr Jafar. Doha: UAE-based conglomerate Crescent Enterprises has partnered with the Cherie Blair Foundation for Women to empower, mentor and...

QP Environment Fair 2014 opens 24 Apr 2014 - 01:36 am

H E Dr Mohamed bin Saleh Al Sada (third right), the Minister of Energy and Industry, Prof. Sheikha Abdulla Al Misnad (fourth left),...

Toyota sales hit record 10m in a year 24 Apr 2014 - 01:27 am

Staff members place a new Toyota Corolla car for display at Auto China 2014 in Beijing. TOKYO: Japan’s Toyota, the world’s biggest auto...