 | Qatar´s economic outlook
to remain strong: D&B THE outlook for Qatar in the first
quarter of 2012 continues to be
strong among the business community
despite the global economic
downturn. However, optimism level
in the non-oil and gas sector are
marginally lower than in the ...
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| | Oil prices up near $111 after
EU bans Iran imports |  OIL prices rose to near $111
on Monday after EU foreign
ministers agreed to ban
imports of Iranian oil from
the start of July, eliciting further
threats from Iran to close
the key shipping channel the
Strait of Hormuz.
Brent crude oil futures were
up $1.11 at $110.97 a barrel by
1248 GMT. US crude was up
$1.05 to $99.38 a barrel.
Both contracts rose after
threats from an Iranian
member of parliament to
close the Strait of Hormuz, a
key shipping channel, if
Iran´s exports are blocked.
The Iranian MP was
responding to the EU agreement
for an immediate ban
on all new contracts to
import, purchase or transport
Iranian crude oil and
petroleum products... | | | French business morale sours as gloom spreads |  BUSINESS morale in
France´s manufacturing sector
dropped unexpectedly in
January as uncertainty over
the state of the eurozone and
world economy as well as
upcoming elections weighed
on sentiment, adding to
hints that France started the
year in a recession.
The slump in industrial
confidence, now in its seventh
month, adds to the
sense of economic gloom in
France just three months
before a two-round presidential
election in April and
May.
Manufacturing sector
morale fell in January to 91
from 94 in December, well
below a long-term average of
100 and hitting the lowest
level since February 2010,
according to a monthly survey
from the INSEE ... |
| | Heins takes over as RIMchief |  THE new chief executive of
BlackBerry maker Research
in Motion (RIM) said on
Monday drastic change is not
needed after he assumed his
new job following the departure
of Jim Balsillie and Mike
Lazaridis, who stepped down
as co-CEOs and co-chairmen
of the once-iconic, but now
struggling company.
The RIM founders have
been replaced by Thorsten
Heins, a little known chief
operating officer who joined
RIM four years ago from
Siemens AG.
The Canadian company
turned the email smartphone
into a ubiquitous device that
many could not live without,
but US users have moved on
to flashier touch-screen
phones such as Apple´s
iPhone and various competing
... |
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