Business

Morocco eyes investments from Gulf to offset slowdown 27 Oct 2012 - 02:59 am

RABAT: Morocco, facing slower growth and effects of the economic crisis in European partners, aims to attract investments from the the Gulf which...

NEC swings to first-half profit 27 Oct 2012 - 02:49 am

A man looks at NEC Corp’s computer displayed at an electronics store in Tokyo. NEC turned an operating loss of 7.88bn yen ($98m)...

Spanish jobless rate bursts past 25 percent 27 Oct 2012 - 02:48 am

MADRID: Spain announced yesterday that its jobless rate broke the 25-percent barrier for the first time in modern history as austerity cuts squeezed...

US businesses fleeing slumping Europe 27 Oct 2012 - 02:48 am

NEW YORK: Some of the biggest names in US industry are cutting back staff and shutting plants in Europe as the continent is...

European stocks rebound; gold up 27 Oct 2012 - 02:47 am

LONDON: European stocks rebounded yesterday on figures that showed a pick up in the US growth rate, after having taken a hit on...

Anglo American chief steps down 27 Oct 2012 - 02:47 am

JOHANNESBURG: Global miner Anglo American, hit by violent strikes at platinum mines in South Africa, said yesterday that its first female chief executive...

Ireland determined to exit EU bailout: Foreign minister 27 Oct 2012 - 02:47 am

BERLIN: Irish Foreign Minister Eamon Gilmore said yesterday that his country aimed to be the first of the struggling eurozone nations to exit...

UK bounces back from double dip recession 26 Oct 2012 - 04:19 am

LONDON: The British economy has escaped from its longest double-dip recession since the 1950s, rebounding by 1 percent in the third quarter with...

Ford deepens European cuts, sees $3bn losses 26 Oct 2012 - 04:18 am

LONDON/DETROIT: Ford unleashed a second volley of European job cuts and plant closures yesterday to try to halt regional losses it expects to...

Gold rebounds above $1,700 26 Oct 2012 - 04:18 am

NEW YORK: Gold rose above $1,700 an ounce yesterday, a day after it fell under that, in reaction to encouraging United Kingdom GDP...

Qatar eyes major stakes in seven European banks 26 Oct 2012 - 04:18 am

DOHA: Qatar is considering buying major stakes in investment banks in Europe. Negotiations are underway with seven banks suffering from accumulated financial crises...

Microsoft unveils Windows 8, new tablet 26 Oct 2012 - 04:17 am

NEW YORK: Microsoft unveiled a revamped version of its flagship Windows system yesterday designed for increasingly mobile consumers and previewed Surface, its entry...

Qatar Navigation nets QR637.4m profit in 9 months 26 Oct 2012 - 04:16 am

DOHA: Qatar Navigation (Milaha) has recorded a net profit of QR637.4m for the nine months period ended September 30, 2012, an increase of...

European stocks mixed, sterling gains 26 Oct 2012 - 04:15 am

LONDON: European stock markets posted mixed results yesterday but the pound gained ground after data showed that Britain had marched smartly out of...

South African strikes ease as gold mine pay deal reached 26 Oct 2012 - 04:14 am

JOHANNESBURG: South Africa’s gold mines agreed a wage deal with unions yesterday as the bulk of the gold sector’s striking miners returned to...

Brent crude edges higher 26 Oct 2012 - 04:13 am

NEW YORK: Brent crude futures edged higher in choppy trading yesterday, lifted by economic data, but gains were limited by rising oil inventories...

UDC okays financing contract revision 26 Oct 2012 - 04:12 am

DOHA: The United Development Company, in line with the Company’s Board of Director’ decision, has approved the revision of the financing contract between...

Moving listening room 25 Oct 2012 - 05:10 am

Journalists look at Mitsuoka Motors’ special edition 1200-cc classic sedan car, ‘Viewt OTTAVA’ during its press preview in Tokyo yesterday. With a collaboration...