 | QIB confident of new business opportunities in 2012
QATAR Islamic Bank (QIB),
which reported an increase of
8.2 percent in net profit for 2011,
is confident of new business
opportunities in 2012. QIB
Chairman Sheikh Jassim bin
Hamad bin Jassim bin Jabor al
Thani said...
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| | Europe seals new Greek
bailout, doubts remain |  EUROZONE finance ministers
agreed a 130-billion-euro ($172
billion) rescue for Greece on
Tuesday to avert an imminent
chaotic default after forcing
Athens to commit to unpopular
cuts and private bondholders to
take bigger losses.
The complex deal wrought in
overnight negotiations buys
time to stabilise the 17-nation
currency bloc and strengthen its
financial firewalls, but it leaves
deep doubts about Greece´s
ability to recover and avoid
default in the longer term.
After 13 hours of talks, ministers
finalised measures to cut
Athens´ debt to 120.5 percent of
gross domestic product by
2020, a fraction above the target,
securing a second rescue in
less than ... | | | Oil above $104 as Greece
gets second bailout deal |  OIL prices remained above
$104 on Tuesday but
retreated from recent highs
after European leaders
agreed to lend Greece €130
billion ($172 billion) to
avoid a debt default.
By early afternoon in
Europe, benchmark crude
was up $1.33 to $104.57 per
barrel in electronic trading on
the New York Mercantile
Exchange. On Monday it
traded at $105.44, the highest
since May. The contract last
settled on Friday when it rose
93 cents to $103.24 per barrel
in New York.
US markets were closed
on Monday for the
Presidents Day holiday.
In London, Brent crude
was down 23 cents at
$119.82 per barrel on the
ICE Futures exchange
European Union officials
agreed early on ... | | | Jan budget surplus puts UK
deficit cuts ahead of plan |  BRITAIN looks set to beat
its own deficit-cutting target
this year as local spending
cuts helped the government
to post the largest
budget surplus in four years
in January, safeguarding
the country´s top-notch
credit rating.
The figures will provide
relief to Chancellor George
Osborne after Moody´s
warned last week that Britain
could lose its triple-A rating
if anaemic growth undermined
its tough austerity
programme.
Tuesday´s data fuelled calls
for Osborne to ease back on
austerity. The Labour party
as well as some politicians
within the coalition government
have called for tax cuts
to boost growth - but analysts
said big giveaways in
next month´s budget ... | |
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