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'Cloud' lifts Microsoft earnings above expectations SAN FRANCISCO: Microsoft on Thursday reported quarterly profits ahead of most expectations, as revenues got a boost from its Xbox consoles and Internet "cloud" services for enterprises.Net profit in the quarter dipped to $4.5 billion from $5.2 billion in the same period a year ago, but topped most analyst forecasts.Revenue rose above $23 billion, its best ever for the fiscal first quarter.The better-than-expected resulted pushed shares of the US technology titan up 3.8 percent to $46.75 in after-market trades."We are innovating faster, engaging more deeply across the industry, and putting our customers at the center of everything we do, all of which positions Microsoft for future growth,” Microsoft chief executive Satya Nadella said in a release.Microsoft said revenue hit a record high for its first fiscal quarter, aided by the popularity of its Xbox video game consoles and Surface tablet computers along with businesses turning to software offered as services ...

Qantas expects to report pre-tax first-quarter profit: CEO SYDNEY: Qantas' chief executive Alan Joyce Friday said the Australian carrier expects to post a pre-tax profit in the three months to September following a record net loss, and was on track to complete its major cost-cutting programme.Speaking at the airline's annual meeting in Melbourne Joyce said preliminary figures showed Qantas had made an underlying profit before tax for the first-quarter of the 2015 financial year."In four months we expect to deliver a first half-profit ...
South Korea's Kia posts sharp Q3 profit decline SEOUL: South Korea's number two automaker, Kia Motors, reported Friday a 27.2 percent on-year plunge in net profit for the third quarter, as a stronger won offset rising sales.Net profit for the July-September period stood at 657 billion won ($620 million), compared to 903 billion won in the same quarter last year.Operating profit was also down 18.6 percent at 567 billion won.A no-discount policy based on the popularity of Kia's new models abroad and efficient ...
Toyota shares rise on record profit report TOKYO: Shares in Japanese auto giant Toyota advanced in Tokyo morning trade on Friday following a report it is set to book a record operating profit in the six-month period to September.Toyota's shares rose 1.40 percent to 6,130.0 yen ($57) by the morning break in Tokyo.The world's biggest automaker was likely to see its operating profit rise four percent to about 1.3 trillion yen ($12 billion) between April and September, the leading Japanese business daily ...
Belgacom ups profit forecast after strong third quarter BRUSSELS: Belgian telecoms group Belgacom on Friday raised its 2014 profit forecast after a surprise increase in the third quarter due to improved mobile income and lower costs.The group repeated its 2014 outlook for revenues to fall between 1 and 2 percent but said its core profit (EBITDA) would be slightly higher than last year. It had previously guided for a decline of between 1 and 2 percent.The Belgian mobile phone market appears to be ...
Air Liquide keeps forecast for 2014 profit rise PARIS: French industrial gases group Air Liquide confirmed on Friday its expectation that net profit would rise this year, barring a downturn in market conditions, after third-quarter sales grew 4.3 percent like-for-like.Air Liquide provides industrial gases used in the food, auto, chemical, oil and gas, aerospace, and semiconductor sectors, as well as in engineering and construction. It also supplies medical gases that help patients breathe, relieve pain or are used in anaesthesia.Air Liquide said its ...
Hon Hai says reviewing investments after media reports on $5.7bn China plant TAIPEI: Hon Hai Precision Industry Co Ltd said Friday it was reviewing its investment plans after media reports said the major Apple Inc supplier may invest up to $5.7 billion in a factory to make smartphone displays in China.On Thursday, The Wall Street Journal reported that Hon Hai was in talks with the government of Zhengzhou, in Henan province, about investing as much as 35 billion yuan in a new factory that would make high-end ...

 



 
IndexClosingChg%
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 23, 2014
Reserves $13.465 bln