Uncategorized
UBS’s healthy Q1 profit of 1.98b francs exceeds forecasts
BERN: The bank said its net profit hit 1.98 billion francs ($2.11 billion), compared with 1.05 billion francs in the...
Geneva earnings after tax climb to $5.26b in Q1 of 2015
BERN: Earnings after tax climbed to $5.26 billion in the three months to the end of March, compared with $5.21...
Fehrer wraps HUF 3.48b plant expansion
BUDAPEST: Fehrer Automotive-Raba, which produces foam products for car seats, completed a HUF 3.48 billion expansion at its base in...
Lower costs lift Richter 3% to HUF 32.1b
BUDAPEST: First-quarter net income of Hungarian drugmaker Gedeon Richter rose 61% to HUF 15 billion from the same period a...
Number of companies registered in Hungary declines 2.3% YoY
BUDAPEST: The number of companies in Hungary fell by a year-on-year 2.3% to 540,000 in the first quarter this year,...
Stadler Polska with lucrative deal of 58 Stadler
WARSAW: Nederlandse Spoorwegen Dutch railway company has ordered 58 Stadler FLIRT units which will be manufactured at the Stadler Polska...
South African unions set to meet on 10% demand
PRETORIA: Labor unions representing 1.3 million public servants will convene a series of meetings this week as they seek a...
Greece makes €200M first May payment to IMF
ATHENS: Greece made a €200-million interest payment to the International Monetary Fund on Wednesday, the Greek finance ministry said, and...
Consumer confidence index falls in Q1 of 2015
CAPE TOWN: Consumer confidence plummeted in the first quarter of 2015 as consumers felt pessimistic about the economic outlook due...
IMF expects Jordan’s GDP growth 3.8% in 2015
AMMAN: The Regional Economic Outlook Update released Tuesday in Dubai, projected that Jordan's Gross Domestic Product (GDP) will grow by...
Jordan tourism income decrease 11.9% in Q1of 2015
AMMAN: Jordan's first quarter tourism revenue dropped 11.9 per cent as visitor numbers from Europe and North America fell by...
Movidius to create 100 jobs in Dublin as it raises $40m in funding
DUBLIN: Irish-founded technology company Movidius is to create 100 jobs over the next three years in Ireland after it raised...
LCCI lauds commissioning of 100MW solar plant
LAHORE: The business community has lauded the commissioning of first-ever 100MW solar power plant that would help save huge foreign...
McDonald faces potential €1b EU tax avoidance probe
DUBLIN: US fast-food giant McDonald's could be facing a European Commission (EU) investigation into its tax affairs. EU competition commissioner...
StanChart reviewing HQ shifting due to rising UK bank tax
LONDON: Standard Chartered (STAN.L) said it continued to keep its domicile under review, particularly given the likelihood Britain's bank tax...
Prudential PLC’s total annual premium equivalent reaches £1.25 billion in UK
LONDON: Prudential PLC said that growth in Asia continued to push up sales but was offset by falling profits in...
Norwegian power utility Skagerak Nett AS selects Eltel its rollout partner
OSLO: Norwegian power utility Skagerak Nett AS has chosen Eltel l (STO:ELTEL) its rollout partner in their smart metering project....
GlobalXpress satellites being used in Nepal ahead of global launch
KATHMANDU: The first of Inmarsat's high-capacity GlobalXpress satellites is being used in Nepal after the country was hit by an...
Vietnam gasoline price hike highest in 4 years
HANOI: Vietnam’s leading fuel importer and distributor, increased the price of 92-octane gasoline by 11 percent to VND19,230 (US$0.96) per...
Turkey Ziraat Bank secures $1.1b syndicated loan in two tranches of $373m, 666m euros
ANKARA: Turkey's state-run Ziraat Bank has secured a $1.1 billion syndicated loan in two tranches of $373 million and 666...
