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Australian supermarket giant Woolworths lifts profit SYDNEY: Australian supermarket giant Woolworths Friday posted an 8.5 percent rise in its full-year net profit, boosted by growth in its food and liquor business even as its home improvement division struggled.The country's largest food retailer said it was pleased with the Aus$2.45 billion (US$2.29 billion) result for the year to June 30, but that "there is still work to do, particularly in general merchandise and home improvement"."In a highly competitive market with ongoing consumer uncertainty, we have increased market share whilst also delivering value to our customers," Woolworths chief executive Grant O'Brien said.The firm reported a 3.9 percent increase in sales to Aus$60.8 billion, supported by a 4.7 percent rise in its Australian food and liquor division.But its "Big W" general merchandise chain saw its earnings decline by 18.8 percent to Aus$152.9 million, which the group described as a "disappointing result".Woolworths said while it was well-positioned for growth, it ...

Malaysia Airlines suspends shares ahead of reform plan KUALA LUMPUR: Struggling Malaysia Airlines suspended trading in its shares Friday ahead of an announcement later in the day on a restructuring plan aimed at keeping the carrier in business following two devastating air tragedies.State investment fund Khazanah Nasional, which owns 70 percent of Malaysia Airlines (MAS) and has announced plans to de-list and take it private, is expected to detail the reform plans in a press briefing at 3 pm (0700 GMT).In a statement ...
Roald Dahl's 'Revolting Rhymes' pulled from Australian store SYDNEY: An Australian supermarket which withdrew Roald Dahl's "Revolting Rhymes" because of the word "slut" faced a revolt Friday with some shoppers calling for it to be put back on the shelves.German chain Aldi said it pulled Dahl's 1982 reinvention of classic fairytales after "comments by a limited number of concerned customers regarding the language used in this particular book"."Aldi Australia would like to inform all of our customers that we take the concerns of ...
Honda says to recall 63,200 vehicles over Takata air bag defect TOKYO: Honda Motor Co is recalling about 63,200 vehicles due to a defect in driver-side air bags made by Takata Corp, the latest in a series of air bag recalls across the industry that have affected nearly 16 million vehicles to date.Honda is recalling certain CR-V, Civic, Brio and Amaze, model years 2012-2015, mostly in China and other Asian countries, the automaker said on Thursday.It is also recalling vehicles from several countries in Europe, Latin ...
Malaysia Airlines posts Q2 net loss of $98mn KUALA LUMPUR: Malaysia Airlines on Thursday reported another financial loss and warned of poor second-half earnings, as passenger bookings tumbled in response to the loss of two aircraft in separate disasters this year.In a statement to the stock exchange, Malaysian Airline System Bhd (MAS) said its second-quarter net loss grew to 307.04 million Malaysian ringgit ($97.6 million) from a net loss of 175.9 million ringgit in the same period a year earlier.The result was an ...
JAL to buy 32 Mitsubishi Regional Jets, order 15 Embraer aircraft TOKYO: Japan Airlines said on Thursday that it will buy as many as 32 Mitsubishi Regional Jets and will order 15 regional aircraft from Brazil's Embraer SA with options to purchase as many as 12 more. Japan Airlines in a release said it will deploy the MRJs on domestic routes from 2021. Copyright Reuters, 2014 ...
South Korea's Samsung and LG unveil new smartwatches SEOUL: South Korea's Samsung and LG unveiled new smartwatches Thursday with upgraded functions and design as they step up their drive to lead an increasingly competitive market for wearable devices.The "Gear S" is Samsung's first smartwatch able to make stand-alone phonecalls with built-in 3G alongside Bluetooth and WiFi connectivity.Users can make and receive calls directly from their wrist, or get calls forwarded from their smartphones. Notifications from social networks, calendars and applications can also be ...

 



 
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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 $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 02, 2014
Reserves $13.581 bln