SAN FRANCISCO: Internet retail titan Amazon has reported a money-losing quarter despite impressive growth in sales, sending shares plummeting by more than 10 percent.
SEOUL: South Korea’s Kia Motors said its second-quarter profit fell 13.3 percent year on year, as a pick-up in sales was offset by a stronger won that hurt exports.
NEW YORK: Xerox Corp. reported a 2 percent fall in second-quarter revenue, hurt by lower demand in its printing business.
SHANGHAI: The eastern Chinese city of Suzhou isn’t even the biggest in Jiangsu province, yet it’s joining a national rush for the sky with what’s slated to become the world’s third-tallest building.
LONDON: Part-nationalized Royal Bank of Scotland boosted its chances of an earlier than expected return to private ownership, posting a surprise 1 billion pound ($1.7 billion) second-quarter profit as
LONDON: British support services and construction company Carillion made a bold move to capitalize on its successes with a possible 3 billion pound ($5.1 billion) merger with infrastructure firm Balfo
LONDON: Britain’s economy grew strongly in the second quarter, overtaking the size it achieved before the global financial crisis, data showed in the latest sign of robust recovery.
The Kingdom has confirmed its commitment to allocate over $109 billion of investment to develop a strong renewable energy sector by 2032, according to energy industry sources.
NEW YORK: In the days after its infamously mishandled initial public offering in May 2012, it looked as if Facebook would struggle to become a must-own for fund managers.
OSLO: Norwegian oil giant Statoil stood by its production target for 2014 on Friday despite a second-quarter drop in output which weighed on its results.
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