Business

Soybeans log best month in more than a year 01 Sep 2013 - 03:56 am

New York: Soybeans logged their best month in more than a year on concerns that dry weather in August will harm this year’s...

Syria turmoil pushes QE index down 01 Sep 2013 - 02:41 am

By Basheer Yusief Kahloot Qatar’s stock index witnessed a sharp decline due to political turmoil in Syria. The decline is not only limited...

Russian aviation show 31 Aug 2013 - 12:53 am

Sukhoi Su-27 jet fighters of the Russkiye Vityazi (Russian Knights) aerobatic team perform during a demonstration flight at the MAKS International Aviation and...

Opec August output falls on Libya: Survey 31 Aug 2013 - 12:21 am

LONDON: Saudi Arabia, the world’s largest oil exporter, has boosted output in August to a record high, a Reuters survey found yesterday, partly...

Asia’s Iran oil imports drop slightly 31 Aug 2013 - 12:20 am

TOKYO: Iran’s top four oil clients slightly reduced imports from the sanction-hit nation in July and purchases remain down about a fifth for...

Eurozone unemployment steady at recor 12.1pc 31 Aug 2013 - 12:20 am

BRUSSELS: Eurozone unemployment was unchanged at an “unacceptable” record 12.1 percent in July but another slight fall in the total jobless after an...

British recovery gathers pace, Carney acknowledges risks 31 Aug 2013 - 12:19 am

LONDON: A surge in mortgage approvals, a rise in house prices and higher consumer confidence and business lending added to signs of momentum...

High fuel costs push Virgin Australia into the red 31 Aug 2013 - 12:19 am

SYDNEY: Virgin Australia’s key shareholders backed the airline with major loan commitments yesterday after the carrier plunged into the red as high fuel...

Medvedev at Gazprom 31 Aug 2013 - 12:18 am

Russia’s Prime Minister Dmitry Medvedev (right) chairs a meeting as he visits the headquarters of the Gazprom company in Moscow yesterday.

Sinopec in $3.1bn Egypt acquisition 31 Aug 2013 - 12:17 am

SHANGHAI: Chinese oil giant Sinopec is entering Egypt despite the country’s political strife, announcing yesterday it is buying a $3.1bn stake in an...

Brazil economy grew 1.5pc in Q2 31 Aug 2013 - 12:17 am

RIO DE JANEIRO: Brazil, Latin America’s leading economy, expanded 1.5 percent in the second quarter of 2013 compared with the previous three month,...

Spain logs rare current account surplus 31 Aug 2013 - 12:17 am

MADRID: Spain recorded a current account surplus in January-June this year for the first time on record as exports and investor confidence in...

Telecom Italia moves into M&A spotlight 31 Aug 2013 - 12:16 am

MILAN: Telecom Italia SpA shares jumped as much as 10 percent yesterday, on speculation it might be the next quarry in a recent...

Indian rupee bounces off record low 30 Aug 2013 - 04:33 am

A customer counts money inside a currency exchange shop in Kolkata. NEW DELHI/MUMBAI: The Indian rupee rebounded yesterday from a record low as...

Qatar Exchange snaps bear run 30 Aug 2013 - 04:33 am

DOHA: Qatar Exchange (QE) snapped its four-day bear run yesterday gaining 71.31 points or 0.75 percent to close at 9,619.04 yesterday. The volume...

European stock markets climb 30 Aug 2013 - 04:33 am

LONDON: European stock markets rebounded yesterday as fears eased over any imminent Western intervention in Syria and investors switched focus to a possible...

Saudi, Kuwait shelve Dorra gas field project 30 Aug 2013 - 04:32 am

KHOBAR: Saudi Arabia and Kuwait have shelved their project to develop the Dorra offshore gas field after disagreeing over how to share the...

Oil falls towards $116 30 Aug 2013 - 04:32 am

LONDON: Brent crude oil dropped below $116 a barrel yesterday as the possibility of a delay in a US-led military strike on Syria...