Just in:  

You are here: Home»World»Business & Economy

Global Business & Economy


Pernod Ricard reports profit fall, cuts 900 jobs PARIS: Drinks giant Pernod Ricard reported a fall in annual profits on Thursday, blaming in part a sales slowdown in China, and cut 900 jobs worldwide.Net profit over 12 months to the end of June fell by 14.0 percent to 1.02 billion euros ($1.35 billion), and sales fell by 7.0 percent to 7.94 billion euros.Operating profit fell by 8.0 percent to 2.05 billion euros.The price of shares in the group was showing a gain of 2.25 percent to 90.04 euros in early trading.After the results statement, the group said at a press conference that it would shed 900 jobs around the world, of which fewer than 100 would be shed in France, as part of a cost-cutting programme.The group employs 19,000 people throughout the world of whom 2,800 work in France.Pernod Ricard, a French group ranking number two in the world's spirits drink industry after Diageo of Britain, owns the ...

German jobless rate unchanged in August: data FRANKFURT: Unemployment in Germany stagnated in August, as clouds continue to build over Europe's biggest economy, official data showed on Thursday. The unemployment rate stood at 6.7 percent in seasonally adjusted terms in August, unchanged from July, while the number of people registered as unemployed edged up by 2,000, the Federal Labour Office said in a statement.That took analysts by surprise. They had projected a decline of around 5,000. "The German economy shrank by 0.2 ...
Indonesia cuts Sept palm export tax to 9pc JAKARTA: Indonesia, the world's top producer of palm oil, lowered its export tax for crude palm oil to 9 percent for September from 10.5 percent in August, an industry ministry official told Reuters on Thursday. For cocoa, the government left the export tax unchanged at 10 percent, said Abdul Rochim, director of food and fisheries industry at Industry Ministry.Copyright Reuters, 2014 ...
EU awards 164,000 T Ukrainian wheat imports this week PARIS: The European Union this week awarded licences to import 164,000 tonnes of Ukrainian wheat under a duty-free quota created this year as part of a trade deal between the bloc and Kiev, data from French farm office FranceAgriMer showed on Thursday. The award leaves around 18,614 tonnes Ukrainian wheat available under the quota, which was opened in April and allowed for 950,000 tonnes of Ukrainian wheat to be imported by Oct. 31.An equivalent quota ...
Greece's PPC H1 net profit drops 24pc, hurt by provisions ATHENS: Greece's dominant power utility PPC reported a bigger/smaller-than-expected drop in first-half net profit, weighed down by increased provisions for overdue bills and tariff cuts. Net profit dropped 24 percent to 96.3 million euros (127 million US dollar), down from 127.1 million euros in the same period last year, the company said on Thursday. Analysts in a Reuters poll had forecast on average a net profit of 105.9 million euros. Bad debt provisions rose 32 ...
Spain final Q2 GDP 0.6pc q/q, 1.2pc y/y MADRID: The Spanish economy grew 0.6 percent in the second quarter on a quarterly basis, as forecast in a flash estimate and after growing by a 0.6 percent in the first quarter, final official data showed on Thursday. On an annual basis the economy grew by 1.2 percent, in line with consensus and 1.2 percent growth in the previous quarter.Copyright Reuters, 2014 ...
Philippine economy rebounds, joins Asia top performers MANILA: The Philippine economy rebounded to post 6.4-percent growth in the second quarter and regain its status as one of the strongest in Asia, authorities said Thursday.The private sector took the lead as the economy recovered from a relatively modest expansion of 5.6 percent in the first quarter, which was partly due to the impact of devastating natural disasters, economic chiefs said."This higher growth rate, coming from a high base a year ago, shows that ...


Index Closing Chg%
Arrow DJIA 17,098.45 0.11
Arrow Nasdaq 4,580.27 0.50
Arrow S&P 2,003.37 0.33
Arrow FTSE 6,819.75 0.20
Arrow DAX 9,470.17 0.08
Arrow CAC-40 4,381.04 0.34
Arrow Nikkei 15,424.59 0.23
Arrow H.Seng 24,742.06 0.01
Arrow Sensex 26,638.11 0.29

where to buy

cheap wedding dresses

online -

Buy cheap Nike Mercurials cleats at
cheap wedding dresses on - Best Online Wedding Store

Banking Review 2013

Buy direct from

China free shipping trade platform

Buy new style hair wigs at cheap price on

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln