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Unilever sales growth hurt by slowing emerging markets LONDON: Unilever missed second-quarter sales estimates on Thursday, citing a slowdown in emerging markets and continuing malaise in developed markets.The Anglo-Dutch maker of Ben & Jerry's ice cream, Dove soap and Lipton tea said underlying sales - which exclude the impact of foreign exchange, acquisitions and disposals - rose 3.8 percent, compared to analysts' expectations of 4.3 percent."Overall there's a slowdown in Asia," Chief Financial Officer Jean-Marc Huet told Reuters, citing China and Vietnam in particular. "Russia has been difficult, you can imagine why." The global markets in which Unilever operates are now growing at about 2.5 percent, Huet said, down from about 3 percent at the start of the year.Still, Unilever expects to outperform its markets, he said.The company continues to expect foreign exchange rates to shave 5 to 6 percentage points of growth from its full-year sales.Copyright Reuters, 2014 ...

LG Electronics Q2 profit surges 165pc SEOUL: LG Electronics posted a 165 percent surge in second-quarter net profit Thursday from a year ago, on solid TV sales and a dramatic turnaround in its long-troubled mobile unit. Net profit for the South Korean electronics giant in the April-June period amounted to 412 billion won ($399.8 million), LG said in a statement. Operating profit also soared 26.5 percent for the previous year to 606 billion won, while sales rose 0.9 percent to 15.37 ...
LG Electronics to invest 1.3 trillion won in R&D facility SEOUL: South Korea's LG Electronics Inc said on Thursday that it will invest 1.3 trillion won ($1.26 billion) to build a new research and development facility in the country's capital city of Seoul. LG Electronics, in a regulatory filing, said the investment seeks to develop new growth technologies without elaborating further. Copyright Reuters, 2014 ...
Hyundai Motor Q2 profit buffeted by strong won SEOUL: South Korea's largest automaker, Hyundai Motor Co. said Thursday its second-quarter net profit slumped 6.9 percent from a year earlier, mainly due to a stronger won.The April-June figure came to 2.35 trillion won (2.29 billion dollars), on sales of 22.75 trillion won, down 1.9 percent year-on-year.It sold 2.5 million cars in the first six months to June, up 4.4 percent from the previous year.Operating profit for the three-month period plunged 13.3 percent from the ...
SK Hynix posts near 30pc drop in Q2 net profit SEOUL: South Korea's SK Hynix said Thursday its second-quarter net profit tumbled nearly 30 percent from a year ago on falling memory chip prices.Net profit for the world's second-largest chipmaker amounted to 674 billion won ($658 million) for April to June, down 29 percent from a year ago. Operating profit inched down three percent to 1.08 trillion won during the same period, the Icheon-based company said in a statement. Sales remained nearly unchanged at 3.92 ...
Drugmaker GSK slashes annual profits forecast LONDON: British drugmaker GlaxoSmithKline on Wednesday slashed its 2014 profits forecast as second-quarter earnings sank on the back of weak US trade, adverse currency moves and a Chinese bribery probe.In a gloomy results statement, GSK said it now expected its earnings per share a key measure of performance to be "broadly flat" this year. That compared with the previous forecast for growth of 4.0-8.0 percent.Net profit, or profit after tax, dived 37 percent to £654 ...
GM recalls 718,000 more vehicles in US NEW YORK: General Motors on Wednesday announced six recalls covering nearly 718,000 vehicles in the US, adding to its recall tally after an ignition-switch auto safety scandal.The largest recall announced Wednesday, affecting 414,333 vehicles, will address a problem with the bolt that secures the height adjustor for driver and passenger seat structures in the 2010-2012 Chevrolet Camaro, the 2011-12 Buick Regal and some other models.If the bolt falls out, the seat will move up and ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln