Search Results for: EC
Arab Bank group profit rises by seven per cent
July 17th, 2014
Arab Bank Group net profit after tax and provisions during the first half of 2014 grew by seven per cent to $414.9 million from $387.3 million in the same period last year. Loans and advances also increased by four ...
eBay profits rise despite ‘challenging quarter’
July 17th, 2014
Online retailer eBay reported profits of $676m (£395m) during the period from March to June, beating analyst expectations. Shares in the company were up by more than 1.5% in trading after the US stock market closed. Although revenue grew ...
U.S. sanctions set to slow Rosneft’s dollar debt, not oil deals
July 17th, 2014
President Barack Obama aimed a direct blow at Russia’s economic heart on Wednesday with sanctions on Rosneft, the flagship oil giant that generates more than 4 percent of the world’s crude and over 8 percent of the country’s GDP. ...
China urges U.S. not to abuse trade system for own advantage
July 17th, 2014
China’s commerce minister urged the United States on Thursday not to abuse the global trade system by imposing duties on Chinese goods to protect its own economy, following a rebuke to Washington by the World Trade Organization. WTO judges ...
Asia follows Wall St. higher, euro probes lows
July 17th, 2014
Asian equities gained on Thursday, lifted by another record-high close on Wall Street, while the euro probed recent lows against the dollar amid speculation the U.S. Federal Reserve is tilting toward tighter monetary policy in light of a stronger ...
Yellen Says Restraining the Fed’s Oversight Would Be a ‘Grave Mistake’
July 17th, 2014
The Federal Reserve’s chairwoman, Janet L. Yellen, said on Wednesday that it would be a “grave mistake” for Congress to adopt legislation proposed by House Republicans constraining the Fed’s management of monetary policy. Ms. Yellen and Republican lawmakers traded ...
G20 must shape a new world trade regime
July 17th, 2014
Over the past decade global trade and investment discussions have moved far away from the formal global trade regime. The multilateral system has been mired in the Doha Development Round — defined by a single undertaking and a fixed ...
MP Andrew Mitchell invested in scheme HMRC says avoided tax
July 17th, 2014
Former government chief whip Andrew Mitchell has invested in a high-profile film financing company considered to be a tax avoidance scheme by HMRC. Tax collectors say the scheme’s investors can expect to receive big tax bills in the coming ...
Vietnam Says China Backing Down In Oil Rig Dispute
July 17th, 2014
A leading Vietnamese military officer said July 16 that China’s decision to remove a huge oil rig from waters claimed by both countries shows that it is backing down in a dispute that has raged since May. Maj. Gen. ...
$100: Apple stock’s new magic number
July 17th, 2014
Apple (AAPL) lovers and investors are eagerly eyeing their iWatches to see if the company’s stock can finally overtake the $100 barrier. Shares of the gadget maker were initially up Wednesday on news of a partnership with International Business ...
