Business

UK plans competition review of banking 10 Jul 2014 - 12:24 am

LONDON: Britain’s financial watchdog is launching a broad “exploratory” review of competition in wholesale financial markets to check if they operate effectively to...

BRICS to sign deal creating new bank 10 Jul 2014 - 12:24 am

MOSCOW: The BRICS group of emerging giants are expected to sign a deal next week to open their own development bank by 2016,...

Emirates finalises $56bn Boeing order 10 Jul 2014 - 12:23 am

Dubai: Dubai airline Emirates finalised a $56bn order to buy 150 Boeing 777X jets yesterday, firming up a commitment made last year, just...

UK North Sea oil firms profitability at 5-year low 10 Jul 2014 - 12:23 am

LONDON: North Sea oil and gas companies made the lowest profits in nearly five years during the first three months of this year,...

China inflation slows to 2.3pc in June 10 Jul 2014 - 12:22 am

BEIJING: Chinese inflation slowed to 2.3 percent in June from a four-month high of 2.5 percent in May, official data showed, giving authorities...

China’s Wanda to build $900m complex in US 10 Jul 2014 - 12:22 am

BEIJING: China’s Wanda Group, controlled by the country’s richest man Wang Jianlin, says it will invest $900m in a five-star hotel and apartment...

Islamic Holding Group posts QR7.59m profit 10 Jul 2014 - 12:21 am

Doha: Islamic Holding Group disclosed its financial results for the period ended on June 30, 2014 where the announcement came after a meeting...

GM’s Barra to testify to Senate again on recalls 10 Jul 2014 - 12:20 am

WASHINGTON: General Motors chief executive Mary Barra will return to the Senate next week for a grilling over the automaker’s deadly delayed recall...

Citigroup may pay $7bn settlement 10 Jul 2014 - 12:18 am

WASHINGTON/NEW YORK: Citigroup Inc is close to paying about $7bn to resolve a US probe into whether it defrauded investors on billions of...

UK retailers report record price drop since 2006 10 Jul 2014 - 12:18 am

LONDON: British retailers saw the biggest annual decline in prices since at least 2006 in June, with cheaper furniture, electricals and clothes as...

QNB net profit jumps 7pc in first half 09 Jul 2014 - 05:23 am

DOHA: QNB Group, the region’s biggest lender, recorded a net profit of QR5.1bn for the first six months ended June 30, 2014. The...

Total warns against new Berlin Wall with Russia 09 Jul 2014 - 05:22 am

PARIS: Europe should stop thinking about cutting its dependence on Russian gas and focus instead on making those deliveries safer, including options to...

News Corp celebrates 125th anniversary of WSJ 09 Jul 2014 - 05:20 am

Employees of News Corp celebrate at the opening bell of the Nasdaq stock exchange yesterday in New York City. The Wall Street Journal,...

Audi to beat last year’s sales 09 Jul 2014 - 05:17 am

Audi Chief Executive Officer Rupert Stadler with the Audi A3 Cabriolet. Audi expects to “significantly” beat last year’s global sales figure, Stadler said,...

Food prices soar in US 09 Jul 2014 - 05:11 am

People shop in a grocery store yesterday in Miami, Florida. According to reports, food prices have risen significantly, with ground beef rising 10.4...

Sharjah plans its maiden sukuk 09 Jul 2014 - 02:48 am

LONDON: The emirate of Sharjah is planning its first foray into international bond markets with a debut sukuk deal, three bankers with knowledge...

Qatar stocks up as earning season starts 09 Jul 2014 - 02:47 am

DOHA: Qatar Exchange (QE) index climbed 1.35 percent yesterday as the second quarter earnings officially started trickling in. The index closed at 12,549...

India, UAE talk strategic oil storage lease 09 Jul 2014 - 12:13 am

NEW DELHI: India is in talks to lease part of its planned strategic storage to United Arab Emirates’ state oil company ADNOC, two...