Portuguese State bank stems losses by 50%
LISBON: State-owned bank Caixa Geral de Depósitos (CGD), the largest bank in the Portuguese financial system, registered a negative net...
Al Omaniya posts OMR6.65 mln net profit
MUSCAT: Al Omaniya Financial Services, Oman’s largest non-banking financial company (NBFC), has recommended a dividend of 25 per cent comprising...
Finland total pays increase by 1.4% in Q3 last year
HELSINKI: The wages and salaries sum of the whole economy was 1.4 per cent greater in the past October to...
Ukraine cut gas import 15.9% in 2015
KIEV: Ukraine will be able to complete the heating season without buying Russian gas, Prime Minister Arseniy Yatsenyuk has said....
SMEs can borrow investment capital for supporting industries
HANOI: Small and medium-sized enterprises (SMEs) can borrow up to 70 per cent of the capital they need for investing...
Australia shares fall 1.2% in 2016
CANBERRA: Australian shares fell 1.2 percent on Friday, hovering near 2-1/2 year lows, led by heavy sell-off in financials and...
Italy’s economy grew rate of 0.1%
ROME: The 19-country eurozone grew by a paltry quarterly rate of 0.3 percent in the final three months of 2015...
New Zealand avocado exports volume drop 40%
WELLINGTON: Avocados are in short supply in New Zealand following last year’s bumper crop and a cold spring that have...
New Zealand strawberry exports increase to meet new markets
WELLINGTON: New Zealand strawberry growers have seen increased demand for exports as markets open up around the world. “It’s broader...
Brazil’s GDP to expand by 0.60% in 2017
BRASÍLIA: The gross domestic product (GDP) figures come from the Boletin Focus, a weekly Central Bank survey of analysts from...
Wheels India posts 5.65% rise in Q3 net profit
CHENNAI: Chennai-based Wheels India has registered an increase of 5.65% in its net profit for Q3 ending December 31, 2015....
Turkish banks to see 30% rises in profits in 2016
ANKARA: Turkey's banking sector could see profits increase by 30 percent this year, presidential adviser Yigit Bulut said on Friday...
EBRD adds €500m to Turkey renewable fund
TURKEY: The European Bank of Reconstruction and Development has added €500 million to its renewable energy fund in Turkey, increasing...
Adani Ports Q3 profit, revenue increase likely to average 12%
WASHINGTON: Adani Ports ' third quarter profit is seen rising 11.5 percent year-on-year to Rs 571 crore and revenue may...
North American pellet exports increase in Q3
LONDON: North American overseas pellet exports increased for the second consecutive quarter in the third quarter of 2015, rising 15...
Japan’s economy shrinks 0.7% in last 3 months of 2015
TOKYO: After three years of Abenomics and record monetary stimulus from the central bank, the economy still cannot escape a...
South Korea’s overseas direct investment jumps 15% in 2015
SEJONG: South Korea's overseas direct investment jumped 15 percent in 2015 from a year earlier, snapping a three-year losing streak...
India’s palm oil imports rebound from first decline in 12 months
NEW DELHI: Palm oil purchases by India probably rebounded from the first drop in 12 months as traders and refiners...
France reports record export orders for 2015
PARIS: France has reported that defence export orders reached an historic high in 2015 with an estimated total of EUR16...
Zurich Insurance plans to cut 8,000 jobs
GENEVA: Zurich Insurance is planning to cut 8,000 jobs worldwide between now and 2018, including 750 positions in Switzerland, after...
