Business

Counterfeit Hong Kong dollar 29 Dec 2013 - 09:53 am

An authentic HK$1,000 banknote sample is displayed above a counterfeit note under ultraviolet light during a joint news conference held by Hong Kong...

Lego bull at Frankfurt bourse 29 Dec 2013 - 09:53 am

A giant bull made from Lego blocks on the trading floor of the stock exchange in Frankfurt Main, Germany. The new mascot of...

FLSmidth wins Al Khalij Cement deal 29 Dec 2013 - 09:50 am

By Satish Kanady DOHA: Global Company FLSmidth has received an order worth DKK515m for Qatari cement producer Al Khalij Cement covering supply of...

Libya’s Hariga port to resume oil exports 29 Dec 2013 - 09:50 am

BENGHAZI: Libya’s eastern Hariga port will resume oil exports within days after protesters agreed to end a four month blockage, an oil official...

No urgent need to cut rates further: ECB president 29 Dec 2013 - 09:50 am

BERLIN: European Central Bank President Mario Draghi sees no urgent need to cut the euro zone’s main interest rate further and no signs...

QCB sets up Qatar Central Securities Depository Co 29 Dec 2013 - 09:49 am

Doha: Qatar Central Bank (QCB) has announced the establishment of Qatar Central Securities Depository QCSD, which will begin functioning on January 2. The ...

Two more Swiss banks sign up to US tax deal 29 Dec 2013 - 09:48 am

ZURICH: Lombard Odier & Cie and VP Bank (Switzerland) became the latest Swiss banks to say they would work with US officials in...

Monte shareholders delay cash call 29 Dec 2013 - 09:48 am

SIENA: Italy’s third-biggest bank Monte dei Paschi di Siena was forced to delay a vital ¤3bn ($4.1bn) share sale to raise capital until...

Rosneft to focus on Morgan Stanley deal 29 Dec 2013 - 09:47 am

MOSCOW: Rosneft said on Friday it will focus on integrating Morgan Stanley’s oil trading unit it agreed to buy last week rather than...

Canadian firm plans to expand oil supply 29 Dec 2013 - 09:47 am

SEATTLE: The number of oil tankers in Washington state waters could increase almost sevenfold under a proposal by a Canadian pipeline company to...

Audi to invest $30.1bn in new models, plants through 2018 29 Dec 2013 - 09:47 am

FRANKFURT: Germany’s Audi said it would invest about ¤22bn ($30.1bn) in new models, plants and technology in the five years through 2018. That...

US 10-year Treasury yields reach highest since 2011 29 Dec 2013 - 09:46 am

NEW YORK: Treasury 10-year yields touched the highest level in more than two years as signs of a quickening economic recovery boosted speculation...

Strikes end at Total’s refineries in France 29 Dec 2013 - 09:46 am

PARIS: Workers at Total’s Gonfreville refinery in France agreed to end a strike, the last of five sites to halt a walkout that...

Global property investment to reach 7-year high in 2014 29 Dec 2013 - 09:46 am

LONDON: Global property investing activity is set to hit a seven-year high by volume in 2014, led in part by growing confidence in...

State firms reset trading patterns 29 Dec 2013 - 09:45 am

LONDON: As US and European banks drop out of commodity trading, Russian, Chinese and Gulf state firms are filling the gap in an...

US bank watchdog to consider Volcker rule 29 Dec 2013 - 09:44 am

WASHINGTON: US bank regulators said they would consider allowing banks to hold on to certain complex securities despite a new rule limiting risky...

Turkey debt insurance costs at 18-month high 29 Dec 2013 - 09:44 am

LONDON: Turkish debt insurance costs surged to 18-month highs and dollar bond prices tumbled as investors were rattled by a deepening political crisis...

North Korean cabinet to tighten control of economy 29 Dec 2013 - 09:44 am

SEOUL: North Korea’s cabinet will tighten its grip on the economy after the shock execution of leader Kim Jong-Un’s uncle, whose control over...