MADRID: Spanish construction giant FCC, which is fighting its way out of heavy losses, said it expects a boost in revenues from the launch of contracts to build new subway lines in Saudi Arabia and in
SINGAPORE: Saudi Arabia is expected to cut the official prices of crude it sells to Asia in September on a weaker Dubai market and poor refining margins, trade sources said.
DETROIT: US auto sales growth slowed a bit in July, with healthy gains from some manufacturers falling short of expectations, according to early returns from the major carmakers.
DUBAI: Economic recovery in Dubai is pushing both creditors and debtors to weigh new strategies in the $25 billion restructuring of Dubai World, one of the Middle East’s largest ever debt deals.
LONDON: Gold rose 1 percent a day after touching a six-week low as US payrolls data missed expectations, dampening talk of an early interest rate rise by the US Federal Reserve and pressuring the doll
NEW DELHI: Indian factory output surged to a 17-month peak in July, according to a key business survey Friday, fueling recovery hopes in Asia’s third-largest economy.
PARIS: Steel titan ArcelorMittal said it has reduced its outlook for 2014 because of a lower-than-expected iron ore price, even as it reported a return to profit in the second quarter of this year.
MADRID: British Airways owner International Airlines Group reported a 55 percent rise in second-quarter profit driven by a recovery at Spanish airline Iberia and signalled its confidence in the carrie
TOKYO: Sharp said it lost $17.4 million in the three months to June, but was still on track to book a full-year profit as it tries to move past years of record losses.
BERLIN: Sports equipment maker Adidas has lowered its full-year profit target, citing among other things increasing risk in the Russian market amid mounting political tensions over Ukraine.
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