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BT reports pre-tax profit fall, shares slide LONDON: British telecoms company BT, which recently entered the market for the broadcasting of live television sport, announced on Thursday a drop in quarterly profits.From next month, the group will begin televising some live English Premier League football matches under the BT Sport brand.The company said that profit before tax dropped 16 percent to £449 million ($690 million, 522 million euros) in the its first quarter, or three months to June 30, compared with the outcome a year earlier.Sales fell one percent to £4.45 billion in the reporting period and pre-tax profit excluding special items rose 5.0 percent, BT added in an earnings statement."BT continues to make good progress, delivering another quarter of solid growth in underlying profit before tax," said chief executive Ian Livingston, who recently announced he was leaving the post later in the year to become Britain's trade minister.Livingston added: "It is early days but we are ...

Unilever says profits soar on tea, ice cream sales THE HAGUE: Anglo-Dutch food and cosmetics giant Unilever said on Thursday its first-half profits shot up by 14.0 percent to 2.43 billion euros ($3.2 billion), buoyed by strong growth in food products such as tea and ice cream.The Rotterdam-based group reported a 0.4-percent climb in sales to 25.5 billion euros year-on-year, mainly on the back of growth in emerging markets such as China, Indonesia, Vietnam and Pakistan.But the group was cautious about the outlook."We are ...
Nissan says April-June net profit jumps 14pc to $821mn TOKYO: Nissan on Thursday said its April-June net profit jumped 14 percent to $821 million, as it pointed to improved market share in Japan and North America.Japan's number-two automaker earned 82 billion yen on sales of 2.51 trillion yen in the second quarter, while leaving unchanged its forecast of a 420 billion yen net profit for the fiscal year to March 2014.However, it saw an 3.3 percent year-on-year decline in sales to 1.17 million vehicles.Nissan, ...
Hyundai Motor Q2 net profit down 1.0pc SEOUL: South Korea's top automaker Hyundai Motor said Thursday second-quarter net profit fell 1.0 percent from a year earlier, as work stoppages outstripped strong overseas sales. The company posted a consolidated net profit of 2.52 trillion won ($2.26 billion) in the April-June period, compared with a profit of 2.55 trillion won a year earlier.Operating profit was down 5.2 percent year-on-year at 2.4 trillion won while sales rose 5.7 percent to 23.1 trillion won. The firm ...
Rolls-Royce says falls into first-half net loss LONDON: Rolls-Royce recorded a net loss in the first half of 2013 compared with a profit after tax one year earlier on changes to finance costs, the maker of aircraft engines said Thursday.The British company posted a loss after tax totalling £358 million ($550 million, 416 million euros) in the six months to June 30 compared with a net profit of £1.2 billion in the first half of 2012, Rolls-Royce said in an earnings statement.Underlying ...
Facebook beats profit forecasts, revenue rises SAN FRANCISCO: Facebook surprised Wall Street with stronger-than-expected earnings for the second quarter Wednesday on a sharp rise in revenues, sparking a 16 percent jump in its share price in after-hours trade."The work we've done to make mobile the best Facebook experience is showing good results and provides us with a solid foundation for the future," said Facebook chief Mark Zuckerberg as the social network reported a profit of $331 million for shareholders.Copyright AFP (Agence ...
South African unions declare wage dispute with gold sector JOHANNESBURG: Bruising wage negotiations between South African goldminers and workers look to have stalled after unions declared an official wage dispute, which could bring more trouble for beleaguered bullion producers.Rising worker militancy has coincided with soaring costs and falling prices that have prompted producers such as AngloGold Ashanti to shed a total of 14,000 jobs over the past two years.Wednesday's declaration by the unions means that two-week-old salary talks, labelled as the toughest since the ...


Index Closing Chg%
Arrow DJIA 16,974.31 0.18
Arrow Nasdaq 4,549.23 0.33
Arrow S&P 1,982.30 0.14
Arrow FTSE 6,453.87 0.81
Arrow DAX 9,082.81 0.16
Arrow CAC-40 4,110.64 0.05
Arrow Nikkei 15,553.91 1.46
Arrow H.Seng 23,819.87 1.27
Arrow Sensex 27,098.17 0.81

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln