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Lufthansa says dividend payout may be limited this year BERLIN: Lufthansa said falling interest rates and the costs involved with outsourcing part of its IT division may limit the size of its dividend payment this year.Lufthansa is working on a new dividend policy after changing the way it depreciates its aircraft.Chief Financial Officer Simone Menne told analysts and journalists on Thursday that management would discuss dividend policy at a board meeting in December.Lufthansa will also provide more details of its planned new long-haul low-cost brand at that time, Chief Executive Carsten Spohr said. Copyright Reuters, 2014 ...

India's Maruti Suzuki net profit up 29pc, beats estimates MUMBAI: India's biggest carmaker Maruti Suzuki India Ltd beat analyst estimates with a roughly 29 percent rise in its quarterly net profit, helped by higher car sales and a positive foreign exchange impact.Maruti Suzuki, controlled by Japan's Suzuki Motor Corp , said its net profit for the July-September quarter was 8.63 billion rupees ($140.37 million) compared with 6.70 billion rupees a year earlier.Analysts expected the company to report a net income of 8.28 billion rupees, ...
Japan's NEC rebounds from losses on smartphone exit TOKYO: Japan IT firm NEC said Thursday it had swung back to profitability in the six months to September, after it exited from the smartphone market as part of a broader restructuring.The firm posted a net profit of 12.5 billion yen ($114 million) in the April-September period, reversing a 26.2 billion yen loss a year earlier.Operating profit ballooned to 21.5 billion yen from a year-earlier profit of 379 million yen, as the firm cut away ...
Bayer raises forecasts for 2014 after strong Q3 FRANKFURT: German chemicals and pharmaceuticals giant Bayer, maker of Aspirin, said Thursday that it is raising its full-year profit targets after a strong third quarter. "The strong upward trend in the life science businesses -- healthcase and crop science -- persisted in the third quarter," said chief executive Marijn Dekkers."We saw robust sales growth for our recently launched pharmaceutical products and in our crop science business in North and Latin America," Dekkers said. "In view ...
Lufthansa cuts 2015 forecast on global economic slowdown FRANKFURT: Lufthansa, Europe's biggest airline, on Thursday cut its profit forecast for 2015 in face of the global economic slowdown. "When we look ahead, we can see that the economic slowdown and the continuing declines in our passenger yields in the face of fierce competition will affect our operating scope in the year ahead," said chief executive Carsten Spohr."This is why we need to modify our projections for 2015, even though we expect it to ...
Shell posts mixed third-quarter earnings LONDON: Royal Dutch Shell posted mixed third-quarter earnings on Thursday, as it weathered sliding oil prices but was buoyed by improved capital efficiency and strong project delivery.Net profits, or earnings after taxation, dropped five percent to $4.46 billion (3.55 billion euros) in the three months to September, compared with the same part of 2013, the Anglo-Dutch oil giant said in a results statement.However, key profit on a current cost of supplies basis -- which strips ...
BP plans repairs at Azeri oil platform from Oct 31 BAKU: British oil major BP plans repair works at one of its main oilfields in Azerbaijan from Oct. 31 for one month, BP-Azerbaijan president said, in a move that may further reduce oil production in the country.Gordon Birrell told reporters the company would "slowly run down" operations at the Central Azeri platform from Oct. 31."These turnarounds (maintenance) are planned one year in advance under our annual plan and budget, which is agreed with the government," ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJuly-June
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln