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Car manufacturer Ford announced Tuesday that it would sack 440 Australian workers as it scaled back production due to muted demand, despite a multimillion-dollar government bailout earlier this year.
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Asian stocks rose Tuesday as optimism China might take new steps to stimulate its slowing economy offset weak US data and the IMF’s gloomier outlook for world growth.
Statistics Centre – Abu Dhabi, or Scad, has issued its monthly report on the prices of building materials in the emirate for the month of June and the second quarter of 2012.
The share prices on Dubai stock market sustained an upward trend in low trade on Sunday.
The KEF Company, the latest venture of UAE-based industrialist Faizal E. Kottikollon, opened its corporate head office at the Dubai International Financial Center, or DIFC.
The Dubai Gold and Commodities Exchange, or DGCX, has been named the “Best Global Commodities Exchange” by the Global Banking & Finance Review.
The Dubai Gold and Commodities Exchange, or DGCX, has been named the “Best Global Commodities Exchange” by the Global Banking & Finance Review.
Overseas Pakistanis, once again, have outperformed their homeland in building up forex and external balances at a time of extreme distress. This sums up the story of the just-ended fiscal-2012. While the overseas Pakistanis set an all-time historic record by sending $13.18 billion, as remittances, the country’s trade deficit widened to a record $21.271 billion, or 36.32 per cent in FY-12 that ended on June 30. This is indicated in reports just unveiled by State Bank of Pakistan (SBP), the central bank, and the Federal Bureau of Statistics (FBS).
The concept of sustainable development has attained significant importance at the global level. The United Nations conducted a conference on sustainable development at Rio de Janerio Brazil called Rio+20 or Rio Earth Summit on June 20-22. In the summit the leaders have reaffirmed their commitment to various initiatives through the document ‘The future we want’.
The June quarter performance of Infosys and TCS (Tata Consultancy Services), India’s two heavyweight software companies, highlights both the changes sweeping the IT sector and the challenges facing it at home and abroad. The most telling takeaway of the week is that Infosys is no longer a proxy for the entire software sector of the country; the baton of bellwether seems to have passed to the TCS.
