Business

Asian markets rebound 24 Aug 2013 - 01:00 am

HONG KONG: Asian markets firmed yesterday as a slew of upbeat manufacturing data from around the globe offset concerns about the US Federal...

Philippines to weather US Fed plan, says central banker 24 Aug 2013 - 12:58 am

MANILA: The Philippines should weather the unwinding of the US Federal Reserve’s stimulus programme, a central bank official said yesterday, as market jitters...

Pacific free trade talks stumble 24 Aug 2013 - 12:57 am

BANDAR SERI BEGAWAN: Representatives from countries negotiating a free trade pact that will cover nearly 40 percent of global economic output said yesterday...

India underplays rupee panic 23 Aug 2013 - 04:19 am

Boys run near a sand sculpture of the Indian Rupee created by sand artist Sudarshan Pattnaik at the sea beach in Puri, yesterday. ...

Russia urges calm as ruble hits 4-yr low 23 Aug 2013 - 04:19 am

MOSCOW: Russia called for calm yesterday after the ruble hit a four-year low point against the euro amid fears of an imminent end...

John Lewis underpaid staff for 7 years due to glitch 23 Aug 2013 - 04:19 am

LONDON: A sharp-eyed employee of Britain’s John Lewis Partnership helped uncover a seven-year salary underpayment to staff that will cost the retailer £40m...

Oil prices edge higher on improved data 23 Aug 2013 - 04:18 am

NEW YORK: Oil prices on both sides of the Atlantic edged higher yesterday as data from the United States, China and the euro...

Surveys point to global rebound 23 Aug 2013 - 04:18 am

NEW YORK/LONDON: Business surveys yesterday suggested the world economy was on the mend, with US and Chinese manufacturing activity at multi-month highs and...

France’s economy weakening again, says study 23 Aug 2013 - 04:18 am

PARIS: France’s economy is weakening again, a survey of leading indicators suggested yesterday, just a week after the country boasted a return to...

Nasdaq trading halted by technical glitch 23 Aug 2013 - 04:17 am

NEW YORK: Trading in shares of more than 3,000 US companies listed by Nasdaq, including Google, Apple and Microsoft, was abruptly halted shortly...

Qatar bourse rises by 0.44pc to 10,109.50 23 Aug 2013 - 03:19 am

DOHA: Banks lifted Qatari bourse to a near five year high as the benchmark index rose 0.44 percent to advance to 10,109.50 yesterday....

Emerging Asian currencies, indices struggle 22 Aug 2013 - 12:50 am

Customers at a shopping mall in Kuala Lumpur yesterday. Indebted, commodity-dependent Malaysia was in investors’ crosshairs yesterday as heavy selling of Indonesian and...

Libya oil woes 22 Aug 2013 - 12:47 am

A worker from the Libyan Oil and Gas national company walks at the Hariqa oil port storage in Tobruk, Libya, yesterday. Libya’s navy...

British North Sea energy output to fall more than expected 22 Aug 2013 - 12:47 am

LONDON: Britain’s North Sea energy output will fall this year more sharply than forecast in February as ageing fields grow less productive and...

Lloyds Banking sells German life insurer 22 Aug 2013 - 12:46 am

LONDON: British lender Lloyds Banking Group has sold German life insurer Heidelberger Leben to private equity group Cinven and reinsurer Hannover Re for...

Oil prices fall as supply concerns ease 22 Aug 2013 - 12:46 am

NEW YORK: Oil prices on both sides of the Atlantic fell yesterday on reports that some Libyan oil exports might soon resume, and...

Banking sector pushes Qatar Exchange up 22 Aug 2013 - 12:46 am

Doha: Qatar Exchange index continued its gaining streak yesterday adding 21.07 points or 0.21 percent to advance to 10,065.20 points from 10,044.13 on...

Russia warns of new 2013 growth downgrade 22 Aug 2013 - 12:45 am

MOSCOW: Russia’s economy minister warned yesterday that officials will probably have to downgrade the 2013 growth forecast for the second time in months...