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Britain and India on Wednesday woke up to a rude shock as the former’s economy fell back into recession and Standard & Poor’s cut the credit rating outlook of Asia’s third largest economy to negative from stable.
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Global food prices are rising again, pushed higher by costlier oil, strong demand from Asia and bad weather in parts of Europe, South America and the United States, the World Bank said.
Dubai Aerospace Enterprise, or DAE, on Tuesday said it recorded net income, excluding non-recurring items, of $81.3 million, or Dh298.7 million, for full year 2011, registering an increase of 110 per cent over the net income, excluding non-recurring items, of $38.8 million, or Dh142.6 million, for full year 2010.
ABU DHABI — National Bank of Abu Dhabi reported 12 per cent year-on-year increase in net profits to Dh1.041 billion for the quarter ended 31 March, on better interest incomes.
DUBAI — Dubai Financial Market, or DFM on Tuesday said that the number of new investors registered during the first quarter of 2012 has grown by 93.5 per cent to 2613 investors compared to 1350 investors during the corresponding period of 2011.
Dubai Holding Commercial Operations Group LLC (DHCOG) today announced its audited financial statements for the year ending December 31, 2011.
Boeing Co posted a higher-than-expected quarterly profit on Wednesday, helped by an increase in commercial airplane deliveries, and the world’s largest aerospace and defense company raised its earnings forecast for the year.
LG Electronics Inc, the world’s No.2 television maker, more than trebled its quarterly profit to $393 million on improved margins and a pick-up in high-end TV sales, underscoring South Korea’s dominance in an industry once ruled by Japanese rivals.
World stock markets rose Wednesday after earnings from Apple Inc. and other U.S. companies blew past expectations, providing a distraction from the economic and political turbulence intensifying in Europe over its debt crisis.
Britain’s economy sank back into recession in the first quarter, when it contracted by 0.2 percent amid ongoing state austerity and the eurozone debt crisis, official data showed on Wednesday.