Business

Amplats fires 12,000 strikers 06 Oct 2012 - 09:52 am

JOHANNESBURG: Anglo American Platinum (Amplats) fired 12,000 wildcat strikers yesterday, a high-stakes attempt by the world’s biggest platinum producer to push back at...

Merkel to visit Greece as money runs out 06 Oct 2012 - 09:52 am

BERLIN: German Chancellor Angela Merkel will make her first visit to Greece next week since the euro zone debt crisis erupted, in a...

Stressed snackers shun chocolate as Europe’s crisis bites 06 Oct 2012 - 09:52 am

LONDON: Europe’s economic crisis is nibbling away at demand for chocolate, the affordable treat once thought of as recession proof. Times are tough...

Dexia sells 90pc of BIL stake to Qatar’s Precision Capital 06 Oct 2012 - 09:51 am

BRUSSELS: Failed Franco-Belgian bank Dexia yesterday announced the sale of its Luxembourg unit for ¤730m ($950m) to a Qatari group after an associated...

Samsung posts $7.3bn profit in third quarter 06 Oct 2012 - 09:51 am

SEOUL: Samsung Electronics reported a record quarterly profit of $7.3bn, nearly double last year’s figure, as strong sales of high-end TVs and Galaxy...

US jobs data lifts European shares 06 Oct 2012 - 09:51 am

LONDON: Europe’s main stock markets leapt higher yesterday, boosted by a surprise drop in the US unemployment rate and on the back of...

59 erroneous orders caused stock drop, halt: India’s NSE 06 Oct 2012 - 09:50 am

MUMBAI: The National Stock Exchange of India said 59 erroneous orders prompted a plunge in equities yesterday that briefly erased about $58bn in...

RBS suspends Singapore trader over rate setting 06 Oct 2012 - 09:50 am

LONDON: Royal Bank of Scotland has suspended a trader for attempting to manipulate a reference lending rate in Singapore, a person familiar with...

Third QIBWF to be held next week 03 Oct 2012 - 12:21 pm

Aisha Al Fardan (right), Vice President of the Qatari Businesswomen Association, and Raed Chehaib, CEO of Interactive Business Network, during the press conference...

Qatar and Saudi launch Phase 1 of customs project 03 Oct 2012 - 12:21 pm

DOHA: The first phase of electronic link between the customs departments of Qatar and Saudi Arabia has been launched at the third meeting...

QA not to take delivery of 787 Dreamliner until faulty engine replaced 03 Oct 2012 - 12:20 pm

BY MOHAMMAD SHOEB DOHA: Qatar Airways (QA) has decided not to receive any delivery of Boeings’ 787 Dreamliner until the ‘material defective mid-fan-shaft’...

QIB plans 5-year benchmark sukuk 03 Oct 2012 - 12:20 pm

DUBAI: Qatar Islamic Bank (QIB), the Gulf state’s largest sharia-compliant lender, is planning to issue a five-year benchmark-sized Islamic bond, or sukuk, this...

B&O to host annual dealers meeting in Doha from today 03 Oct 2012 - 12:20 pm

DOHA: Bang and Olufsen (B&O), the Danish worldwideleader in high end electronics, is holding its annual global dealers meeting for the first time...

Barwa eyes London property market 03 Oct 2012 - 12:19 pm

DUBAI: Qatar’s Barwa Real Estate is looking to invest in the London property market before the end of the year, the company’s deputy...

Apicorp gets Moody’s ratings upgrade 03 Oct 2012 - 12:19 pm

DOHA: In a strong validation of its increasingly robust fundamentals, Arab Petroleum Investments Corporation (Apicorp), the Multilateral Development Bank of the Organisation of...

Dutch trade team to visit Doha 03 Oct 2012 - 12:19 pm

Doha: A Dutch delegation is visiting Doha with the ambition to enhance individual business relations with Qatari companies in a three-day oil and...

Qatari bourse index rises by 0.15 percent 03 Oct 2012 - 12:19 pm

Doha: Qatar Exchange pursued its upward trend yesterday, adding 13.13 points (or 0.15 percent) to advance to 8,535.81 points from 8,522.68 on Monday....

Philippines to push for realisation of $1bn joint investment fund 03 Oct 2012 - 12:18 pm

By CHRIS V PANGANIBAN DOHA: The Philippine government will vigorously push for the realisation of $1bn joint investment fund which was a commitment...