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Daimler second-quarter profit boosted by new models FRANKFURT: Germany's Daimler reported a 12 percent gain in underlying second-quarter operating profit, propelled by Mercedes as its new C-Class and E-Class models helped the luxury auto maker lift margins.The Stuttgart-based maker of trucks and cars said group earnings before interest and tax (EBIT) from ongoing business rose to 2.46 billion euros ($3.3 billion) from 2.19 billion in the three months ended June, beating a 2.38 billion average forecast in a Reuters poll.Profitability at Mercedes-Benz Cars, Daimler Buses and Daimler Trucks all rose, the company said, adding that it was still looking for ways to cut costs amid turmoil in emerging markets and flat sales in Germany."We are continually looking at ways to improve our structural efficiency," Chief Executive Dieter Zetsche told journalists during a conference call, while declining to put a figure on the extent of potential savings.Currency volatility, mainly related to emerging markets including Brazil, sliced 260 million ...

Telenor raises outlook on solid telecoms data growth OSLO: Telecoms firm Telenor lifted its full-year outlook on Wednesday on a solid rise in lucrative data traffic across its sprawling business empire in Europe and Asia, sending its shares sharply higher.Norway's Telenor said its margins would be above its earlier projection on a continued shift to data and a rebound in its Norwegian operations, offering a contrasting outlook after rivals TeliaSonera and Tele2 cut their guidance recently on stiff competition."We have very strong momentum ...
Alstom reports strong rail activities, shares rally PARIS: French engineering group Alstom reported sales and order figures on Wednesday which fit its strategy, controversial in France, of selling energy assets to focus on being a world leader in rail equipment.The company, a top name in French industry which is to sell power assets to GE, has taken record orders thanks to a huge rail contract in South Africa, and said it expected the rail division to do well.But its energy division is ...
Samsung Introduces New Branded SSD Powered by 3D V-NAND LAHORE: Samsung Electronics Co., Ltd., the world leader in advanced memory technology, today launched the 850 PRO, a new solid state drive (SSD) line-up featuring Samsung’s cutting-edge three-dimensional (3D) vertical NAND (V-NAND) flash memory technology. The new Samsung 850 PRO, unveiled at the 2014 Samsung SSD Global Summit in Seoul, offers a new breed of performance for solid state drives and will be available globally across 53 markets from this month.Based on Samsung’s proprietary V-NAND ...
AkzoNobel reports paints profits up in Q2 THE HAGUE: The world's top paint maker AkzoNobel on Wednesday posted net profit up 11 percent in the second quarter of 2014, despite a sales drop blamed on unfavourable exchange rates.The Dutch-Swedish group made 205 million euros ($276 million) in net profit, "mainly due to higher operating income," a statement said.Turnover was nevertheless down 4.0 percent year-on-year at 3.71 billion euros, "mainly due to five percent adverse currency effects," including a strong euro.Paint is used ...
Daimler underlying profit boosted by new models FRANKFURT: Germany's Daimler reported a 12 percent gain in underlying second-quarter operating profit on Wednesday as new models including the C-Class sedan lifted earnings at its Mercedes-Benz Cars business. The Stuttgart-based maker of trucks and cars said group earnings before interest and tax (EBIT) from ongoing business rose to 2.46 billion euros ($3.3 billion) from 2.19 billion in the three months ended June, beating a 2.38 billion average forecast in a Reuters poll. Profitability at ...
ABB second-quarter net profit falls more than expected ZURICH: Swiss engineering group ABB posted a bigger-than-expected fall in second-quarter net profit, hit by depreciation and amortisation and a weak performance in its loss-making power systems unit. ABB, which makes products ranging from electricity substations to industrial robots, said net profit fell 17 percent to $636 million. Analysts in a Reuters poll had forecast net income of $706 million. The profit figure included $333 million of depreciation and amortisation, of which $100 million was ...

 



 
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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