Business

Posco profits jump 29 Jan 2014 - 09:34 am

Steel products stacked at a steelworks in Seoul yesterday. South Korean steelmaker Posco, backed by billionaire investor Warren Buffett, reported a smaller-than-expected 29...

Britain posts fastest annual growth since pre-crisis 29 Jan 2014 - 09:33 am

LONDON: Britain’s economy grew at the fastest rate last year since before the financial crisis but output dipped in the final quarter of...

QP, Honeywell’s UOP sign research pact 29 Jan 2014 - 09:32 am

DOHA: Qatar Petroleum (QP) and UOP LLC, a Honeywell company, have signed a joint research agreement on “process optimisation of CO2 and sulphur...

US crude rises nearly $2 on spread trading 29 Jan 2014 - 09:32 am

NEW YORK: US crude oil futures rose nearly $2 yesterday, narrowing their discount to European Brent as traders expected data to show supplies...

Spain upgrades 2014 economic outlook, sees new jobs 29 Jan 2014 - 09:31 am

MADRID: Spain predicted yesterday a faster-than-expected economic recovery and net job growth in 2014 as it emerges from five years of stop-start recession...

Emerging market rout pauses ahead of Turkey, Fed meetings 29 Jan 2014 - 09:31 am

LONDON: Emerging markets steadied after three days of intense selling yesterday, as investors waited to see if Turkey, one of the epicentres of...

India raises bank rates to curb inflation 29 Jan 2014 - 09:30 am

MUMBAI: India’s central bank yesterday announced a surprise quarter-point rise in its key interest rate, signalling that taming inflation is the priority rather...

Zain Iraq months off from listing 29 Jan 2014 - 09:30 am

DUBAI: Mobile telecom firm Zain Iraq is still expected to list its shares on the Iraq Stock Exchange (ISX) later this year but...

Japan’s Suzuki delays opening of car plant in Gujarat 29 Jan 2014 - 09:30 am

TOKYO: Japan’s Suzuki Motor said yesterday it will push back the opening of its new car plant in India by one year to...

Pakistan central bank steps up Islamic banking push 29 Jan 2014 - 09:29 am

Islamabad: The central bank of Pakistan is stepping up its push to develop Islamic banking, encouraging lenders to expand their operations in the...

Qatar Exchange index dips by 75.61 points 29 Jan 2014 - 09:29 am

Doha: Qatar Exchange index lost 75.61 points, or 0.67 percent, yesterday to reach 11,170.25 points from the previous closing of 11,245.86 points yesterday....

ANZ’s Burdett to join NBAD as CFO 29 Jan 2014 - 09:28 am

ABU DHABI: National Bank of Abu Dhabi (NBAD) has appointed a senior executive from Australia & New Zealand Banking Group as its group...

Ford earnings rise, beat expectations 29 Jan 2014 - 09:28 am

NEW YORK: US auto giant Ford Motor yesterday reported quarterly earnings that bested expectations as higher sales in North America and a smaller...

Batelco blames one-off costs for profit slump 29 Jan 2014 - 09:28 am

DUBAI: Bahrain Telecommunications Co (Batelco) posted a 61 percent drop in fourth-quarter net profit yesterday as one-off expenses outweighed a 29 percent rise...

Weekly Money Market Review with IBQ: All eyes are on China and the emerging markets 29 Jan 2014 - 09:23 am

After a slow start of the year, this week provided all the excitement investors and speculators were missing coming into 2014. Thursday was...

US warns Kabul over release of prisoners 29 Jan 2014 - 06:59 am

KABUL: The United States warned the Afghan government against releasing prisoners that Washington says should be tried as dangerous militants, the latest dispute...

GDI, Oxy Qatar sign QR830m agreement 29 Jan 2014 - 04:58 am

The Minister of Energy and Industry H E Dr Mohamed bin Saleh Al Sada with officials of Oxy Qatar and GDI during the...

Call to ease barriers in setting up businesses 28 Jan 2014 - 06:39 am

Dr S Thomas Emerson BY MOHAMMAD SHOEB DOHA: Easing some of the barriers in setting up profitable businesses and a vibrant legal system...