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Samsung to appeal to US Supreme Court in Apple patent case SAN FRANCISCO: South Korean technology company Samsung is filing a petition to the US Supreme Court in its long-running patent infringement case against Apple, according to court documents.The petition is being filed after an appeals court upheld part of a ruling by a California jury that found patent infringement by Samsung, ordering the company to pay some $930 million in damages to its American rival.The petition "will present at least two substantial questions concerning design-patent liability and damages," and be filed by November, the court documents filed Wednesday said.Most petitions to the Supreme Court are not taken up by the body.Samsung recently won a victory after a recalculation was ordered for a portion of the damages, but the company's counsel asked those proceedings to be halted pending the Supreme Court petition.The recalculation could affect as much as $382 million of the award to Apple, which was on grounds the South ...

Australian carrier Qantas roars back into black SYDNEY: Australian carrier Qantas on Thursday roared back into the black in a stunning turnaround of fortunes driven by aggressive cost-cutting, while placing an order for eight Boeing Dreamliners.The airline posted an Aus$557 million (US$409 million) annual net profit in the year to June 30, a sharp recovery in the space of 12 months from a net loss of Aus$2.84 billion in the previous corresponding period.Underlying profit before tax -- Qantas' preferred measure of financial ...
Volvo Cars sees profits rise, China sales drop in first half STOCKHOLM: Swedish automaker Volvo Cars, owned by China's Geely, reported Wednesday a rise in first half profits even as sales tumbled in its biggest market, China.Net profit more than tripled to 877 million kronor (92 million euros, $56 million), while turnover climbed by 12 percent to 75.2 billion kronor.Operating profit surged by more than 70 percent to 1.66 billion kronor, thanks to a strong US currency and robust sales of Volvo's SUV model XC60.But net ...
Volvo Cars sees profits, China sales drop in first half STOCKHOLM: Swedish automaker Volvo Cars, owned by China's Geely, reported Wednesday a drop in first half profits as sales tumbled in its biggest market, China.Net profit plunged by 60 percent to 173 million kronor (18.3 million euros, $20 million), while turnover climbed by 12 percent to 75.2 billion kronor.Operating profit surged by more than 70 percent to 1.66 billion kronor, thanks to a strong US currency and robust sales of Volvo's SUV model XC60.Volvo's overall ...
UAE's Etisalat says no voting rights for foreign shareholders DUBAI: Etisalat will not extend voting rights to foreign investors when the United Arab Emirates' former telecom monopoly opens up its shares to non-UAE investors, it said on Wednesday.Government-run Etisalat is worth nearly twice as much as the second biggest listed UAE company, but its publicly-traded shares can only be owned by UAE nationals and all institutions are excluded. In June, Etisalat said it would loosen these rules to permit foreign and institutional investors to ...
Toyota extends halt in Tianjin operations on safety concerns TOKYO: Toyota Motor Corp said on Wednesday its operations near the Chinese port of Tianjin will remain closed at least until Sunday, extending a suspension originally set through Wednesday, due to safety concerns after last week's deadly chemical explosions in the area. Toyota also said Sichuan FAS Toyota Motor Co Ltd, a joint venture, would close its Changchun plant in northeast China through Friday because the port disaster had delayed custom clearance of parts shipped ...
Malaysia's AirAsia X sticks to profit plan despite currency challenge KUALA LUMPUR: Malaysian long-haul budget airline AirAsia X Bhd said on Wednesday a weaker ringgit makes it harder to achieve its target of reporting a profit this year, but it will push to meet the goal by attracting more passengers and increasing its fares. The carrier saw a net loss of 132 million ringgit for the April-June period from 128.8 million ringgit in the same period last year, recording its seventh consecutive loss. But it ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln