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P&G profits rise but still struggles for higher growth NEW YORK: Procter & Gamble Co, the world's largest household products maker, reported a higher quarterly profit on Wednesday, helped by cost cutting and stronger sales of items like detergent and air freshener.But net sales in the third quarter were unchanged at $20.6 billion, disappointing investors looking for faster growth several years into P&G's efforts to focus on core products.Organic sales, which exclude the impact of divestitures and acquisitions, rose 3 percent, but a strong U.S. dollar wiped out those gains.Shares fell 1 percent to $79.85 in morning trading and one analyst said P&G needs faster growth to lift shares."We believe a sustained acceleration in organic growth toward the upper end of the 3 percent-4 percent range is necessary for material upside to the stock," said Oppenheimer & Co analyst Joseph Altobello in a research noteP&G stock is 7 percent below a 52-week high in November.It has been under pressure ...

South Korea March dept store sales fall revised 1.1pc y/y SEOUL: Sales at South Korea's top department stores fell in March, government data showed on Thursday, revised down from a preliminary estimate of a slight gain, suggesting a recovery in domestic consumption remains shaky.Combined sales at department store chains run by Hyundai Department Store, Lotte Shopping and Shinsegae Co fell 1.1 percent in March in annual terms, the Ministry of Trade, Industry and Energy said.Earlier estimates from the finance ministry had shown sales had edged ...
Facebook earnings jump to $642mn on 72pc revenue gain NEW YORK: Facebook profits jumped to $642 million in the first quarter on a 72 percent surge in revenues, helped by gains in mobile users and mobile advertising, the company reported Wednesday.Advertising revenues were up 82 percent from a year ago, and earnings from mobile ads comprised 59 percent of that, compared with 53 percent in the fourth quarter of last year.Copyright AFP (Agence France-Presse), 2014 ...
Novartis-GSK asset swap offers template for pharma and beyond LONDON: The loud welcome given by investors to this week's deal for Novartis and GlaxoSmithKline to trade more than $20 billion of assets could trigger more pacts in the pharmaceuticals sector and beyond.Such swapping of assets is rare in any sector, yet it can make a lot of sense where companies are committed to playing to their strengths by building up certain businesses and divesting others, while avoiding the pitfalls of large-scale mergers.With the Novartis-GSK ...
Sony to enter real estate business: Nikkei BANGALORE: Sony Corp will branch out into the real-estate business in August and plans to take the unit public in three years, the Nikkei reported without citing a source.Sony recently set up a real-estate unit in Tokyo, with the aim of generating annual sales of 50 billion yen ($488.4 million) in five years, the newspaper said.The real-estate foray marks the first initiative of a new project team at Sony that specializes in creating new businesses ...
Dubai's Emaar Properties says profits to quadruple by 2018 DUBAI: Emaar Properties, Dubai's largest listed real estate developer, predicted on Wednesday that its profits would more than quadruple by 2018 as the emirate's economy booms and the company's overseas business expands.The company, about 29 percent owned by the Dubai government, is seen by many investors as a proxy for the emirate's economy, which relies heavily on real estate development, tourism and the retail industry - sectors in which Emaar is a major player.The company's ...
Boeing lifts profit outlook as jetliner demand booms WASHINGTON: US aerospace and defense giant Boeing raised its 2014 profit outlook Wednesday despite a first-quarter profit slide, citing strong demand for its new jetliners.A sharp rise in pension costs from a change in retirement plans offset Boeing's robust commercial aircraft deliveries as airlines seek to renew aging fleets with more fuel-efficient jetliners.Boeing posted net profit in the first quarter of $965 million, down 12.7 percent from a year ago but nevertheless better than analysts ...

 



 
IndexClosingChg%
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ArrowDAX 9,600.09 2.02
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln