Business

Eurozone to launch ESM rescue fund 08 Oct 2012 - 01:54 pm

BRUSSELS: The eurozone finally gets its ¤500bn rescue fund today when finance ministers meet amid growing uncertainty over Greece’s tortuous debt bailout and...

Britain hints may veto EADS-BAE merger 08 Oct 2012 - 01:50 pm

BIRMINGHAM: Britain will block the proposed $45bn merger between EADS and BAE Systems if key “red line” priorities are not met, defence minister...

Qatar and Italy to boost trade ties 07 Oct 2012 - 03:09 am

Remy Rowhany, Director-General of Qatar Chamber, addressing the Italian business delegation at St. Regis Doha Hotel on Thursday. salim matramkot By MOHAMMAD SHOEB...

Toyota’s ‘Smart Insect’ concept car 06 Oct 2012 - 09:53 am

Japanese viewers look at Toyota Corp’s ‘Smart Insect’ concept car at the Ceatec trade show in Chiba, east of Tokyo, Japan. Ceatec Japan...

Amplats fires 12,000 strikers 06 Oct 2012 - 09:52 am

JOHANNESBURG: Anglo American Platinum (Amplats) fired 12,000 wildcat strikers yesterday, a high-stakes attempt by the world’s biggest platinum producer to push back at...

Merkel to visit Greece as money runs out 06 Oct 2012 - 09:52 am

BERLIN: German Chancellor Angela Merkel will make her first visit to Greece next week since the euro zone debt crisis erupted, in a...

Stressed snackers shun chocolate as Europe’s crisis bites 06 Oct 2012 - 09:52 am

LONDON: Europe’s economic crisis is nibbling away at demand for chocolate, the affordable treat once thought of as recession proof. Times are tough...

Dexia sells 90pc of BIL stake to Qatar’s Precision Capital 06 Oct 2012 - 09:51 am

BRUSSELS: Failed Franco-Belgian bank Dexia yesterday announced the sale of its Luxembourg unit for ¤730m ($950m) to a Qatari group after an associated...

Samsung posts $7.3bn profit in third quarter 06 Oct 2012 - 09:51 am

SEOUL: Samsung Electronics reported a record quarterly profit of $7.3bn, nearly double last year’s figure, as strong sales of high-end TVs and Galaxy...

US jobs data lifts European shares 06 Oct 2012 - 09:51 am

LONDON: Europe’s main stock markets leapt higher yesterday, boosted by a surprise drop in the US unemployment rate and on the back of...

59 erroneous orders caused stock drop, halt: India’s NSE 06 Oct 2012 - 09:50 am

MUMBAI: The National Stock Exchange of India said 59 erroneous orders prompted a plunge in equities yesterday that briefly erased about $58bn in...

RBS suspends Singapore trader over rate setting 06 Oct 2012 - 09:50 am

LONDON: Royal Bank of Scotland has suspended a trader for attempting to manipulate a reference lending rate in Singapore, a person familiar with...

Third QIBWF to be held next week 03 Oct 2012 - 12:21 pm

Aisha Al Fardan (right), Vice President of the Qatari Businesswomen Association, and Raed Chehaib, CEO of Interactive Business Network, during the press conference...

Qatar and Saudi launch Phase 1 of customs project 03 Oct 2012 - 12:21 pm

DOHA: The first phase of electronic link between the customs departments of Qatar and Saudi Arabia has been launched at the third meeting...

QA not to take delivery of 787 Dreamliner until faulty engine replaced 03 Oct 2012 - 12:20 pm

BY MOHAMMAD SHOEB DOHA: Qatar Airways (QA) has decided not to receive any delivery of Boeings’ 787 Dreamliner until the ‘material defective mid-fan-shaft’...

QIB plans 5-year benchmark sukuk 03 Oct 2012 - 12:20 pm

DUBAI: Qatar Islamic Bank (QIB), the Gulf state’s largest sharia-compliant lender, is planning to issue a five-year benchmark-sized Islamic bond, or sukuk, this...

B&O to host annual dealers meeting in Doha from today 03 Oct 2012 - 12:20 pm

DOHA: Bang and Olufsen (B&O), the Danish worldwideleader in high end electronics, is holding its annual global dealers meeting for the first time...

Barwa eyes London property market 03 Oct 2012 - 12:19 pm

DUBAI: Qatar’s Barwa Real Estate is looking to invest in the London property market before the end of the year, the company’s deputy...