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Banks use profits for risk provision
HANOI: Large-sized commercial banks had to set aside nearly half of their profits for credit risk provision in the first...
Environmental tax causes fuel prices to soar in Vietnam
HANOI: Vietnam’s petrol prices have gained 18 percent in 15 days, now selling at VND20,430 a liter following the latest...
Lien Viet Post Bank announces pre-tax profit in Q1
HANOI: Lien Viet Post Joint Stock Bank (LienVietPostBank) yesterday announced that its total pre-tax profit rose by 15.2 per cent...
Japan aircraft component maker expands Clark plant
TOKYO: Japanese manufacturers of aircraft interiors and components have invested an additional P106 million to further expand their operations at...
Japanese economy showing signs of recovery
TOKYO: The Bank of Japan (BOJ) has maintained its massive stimulus programme and offered a slightly more upbeat view of...
Daewoo, Daelim win S-Oil plant contract
SEOUL: South Korea’s S-Oil has awarded Daewoo Engineering & Construction and Daelim Industrial a 3.5tn won (US$3.2bn) contract to build...
Maersk to slash carbon emissions by 2020
COPENHAGEN: Maersk Line, the world’s largest container ship operator, has set a ‘bold target’ to reduce CO2 emissions 60% per...
RBI books €21m Q1 loss in Hungary
BUDAPEST: Austriaʼs Raiffeisen Bank International (RBI) booked a €21 mln loss at its Hungarian business in the first quarter, narrowing...
Schafer-Oesterle to build HUF 500m hall at base
BUDAPEST: German car interior manufacturer Schafer-Oesterle yesterday signed a contract on the construction of a HUF 500 mln production hall...
Axon inaugurates HUF 1.5b plant in Kecskemét
BUDAPEST: The Hungarian subsidiary of French cable manufacturer Axon Cable yesterday inaugurated a HUF 1.5 billion factory in Kecskemét, central...
General government deficit comes close to 70% of full-year target in April 2015
BUDAPEST: Hungaryʼs cashflow-based general government deficit, excluding local councils, reached HUF 609.8 billion at the end of April, the National...
Hungary’s 90% of banks commit to increase lending: MNB
BUDAPEST: Roughly 90% of banks in Hungary said they are willing to increase their lending activity, chiefly among SMEs, in...
Hungary GDP per capita two-thirds of E28 average, adjusted for purchasing power
BUDAPEST: Hungaryʼs GDP per capita, adjusted for purchasing power, was 66% of the average for all 28 European Union member...
South African tsogo sun posts flat profit of 1% to 175 cents
JOHANNESBURG: Tsogo Sun Holdings Ltd, Africa's biggest hotels and gambling operator, posted a slight drop in full-year profit on Thursday...
South Africa’s gem diamonds sales rises average $2,146% per carat in Q1 of 2015
JOHANNESBURG: Gem Diamonds Ltd said its sales increased in the year to date as it sold more high-grade diamonds from...
South African Investec’s FY profit rises by 10.2%
JOHANNESBURG: South Africa’s Investec reported a 10.2 percent rise in full-year profit on Thursday, helped by a strong showing at...
South African currency stagnant at 5.75% ahead of rates decision
JOHANNESBURG: South Africa's rand was a touch softer on Thursday while government bonds were flat in cautious trading ahead of...
Diversification boosts Afrimat’s earnings by 24.4% to 135.6%
JOHANNESBURG: Afrimat Limited lifted headline earnings per share by 24.4 percent to 135.6 cents for the year to the end...
State wage bill may rise by R30b
CAPE TOWN: The government’s salary bill could increase by more than R30 billion following the wage settlement between the state...
Over 82% of FX borrowers pay less after settlement
BUDAPEST: Data from banks show that repayments of 82% of FX borrowers have fallen because of the settlement of compensation...
