Monday, 20 May 2013 12:00
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DUBLIN: Irish no-frills airline Ryanair on Monday said its annual net profit figure increased slightly, adding that the Dublin-based carrier's traffic was set to rise during its current financial year.Ryanair said group profit after tax climbed 1.5 percent to 569.3 million euros ($731.2 million) in the 12 months to the end of March compared with net profit of 560.4 million euros in 2011/12.Ryanair expects the company's traffic to grow by 3.0 percent to 81.5 million passengers in 2013/14, it added in an earnings statement.Copyright AFP (Agence France-Presse), 2013
LUANDA: There is no shortage of cash or credit in Angola Africa's second oil producer but the struggle small businesses face to get loans is stimying efforts to diversify the economy.According to the central bank there was more than $22 billion in credit issued in Angola last year, around a fifth of total economic output.A fledgling banking sector, prodded by the government to make loans available for businesses not related to the energy sector, is ...
ATHENS: Greece's second-largest lender Piraeus Bank has hired four international investment banks as advisers on its 7.33 billion euro ($9.4 billion) share issue, two bankers close to the procedure told Reuters on Saturday."Goldman, Barclays, Deutsche Bank and Bank of America-Merrill Lynch will be acting as advisers," one of the bankers said.Greece's top four banks, including Piraeus, need a total of 27.5 billion euros to repair their solvency after losses on sovereign debt writedowns and bad ...
RYTRO: There is little chance that consumer inflation in Poland will quickly return to the central bank's 2.5 percent target, a Monetary Policy Council member said on Saturday, leaving scope for further monetary easing.Jerzy Hausner, one of the central bank's 10 rate-setters, also told Reuters that economic growth could accelerate to about 3 percent late next year, but there was also the risk of a more protracted slowdown.Earlier this week data showed Poland's economy, after ...
SAN FRANCISCO: Microsoft Corp is set to make a splash this week with the eagerly awaited unveiling of its new Xbox game console, eight years after the last version, as it seeks a larger share of the $65 billion a year global computer gaming industry.But the small device faces some big competition from the PlayStation 4 by Sony Corp and the Wii U by Nintendo Co Ltd in a shifting market.Gamers are gravitating to online ...
TOKYO: Japan will provide $2 billion worth of financial support over five years to back Japanese firms' resources development projects in Africa, media reported on Saturday.Japan's Trade Minister Toshimitsu Motegi made the announcement at the Africa-Japan Ministerial Meeting for Resources Development held in Tokyo on Saturday, Japanese news agencies Kyodo and Jiji said.The financial support is to be channelled through state-run Japan Oil, Gas and Metals National Corp (JOGMEC), reports said.A number of Japanese firms ...
MUMBAI: India's Tata Motors Ltd said its subsidiary TML Holdings Pte Ltd had issued and allotted S$350 million ($280 million) of senior notes due 2018.The notes carry an interest rate of 4.25 percent, Tata Motors, part of the salt-to-steel conglomerate Tata Group, said in a statement on Saturday.Net proceeds from the issue will be used to redeem preference shares issued to Tata Motors and for general corporate purposes, the company said.Australia and New Zealand Banking ...More Articles...
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