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Qatar boosts Xstrata stake to over 10%

DOHA - Qatar’s sovereign wealth fund lifted its stake in miner Xstrata, which is merging with commodities trader Glencore, to over 10 per cent, forging ahead with its recent spate of share-buying in European blue-chip companies.

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Qatar budget surplus narrows to $1.4 billion

DUBAI — Qatar’s state budget surplus narrowed to 2.9 per cent of quarterly economic output in the third quarter of its 2011-12 fiscal year, as revenue dropped compared with the previous three months while spending took off, data showed on Thursday.

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markets

European shares retreat in cyclical-led selloff

LONDON - European shares retreated from one-week highs on Friday as hopes for more global stimulus faded and data disappointed, with cyclical shares such as banks and miners that suffer in a difficult economic environment featuring among the top losers.

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markets

Greek economy keeps on crumbling

ATHENS - Greece’s economy shrank further in the first three months of 2012, shrivelling at a yearly rate of 6.5 percent against a backdrop of painful wage cuts, tax hikes and record unemployment.

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markets

Gold extends losses after Fed disappoints

LONDON - Gold fell on Friday, extending losses from the previous day when the U.S. Federal Reserve gave no hint of plans for an imminent stimulus to the economy, disappointing investors and dampening the metal’s appeal as a hedge against monetary easing.

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markets

Gold extends sell-off after Fed disappoints

Gold fell more than 1 percent on Friday, extending a sell-off from the previous session when the US central bank chief gave no hint on imminent stimulus, disappointing investors and dampening the appeal of gold as a hedge against monetary easing.

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