COLOMBO: Sri Lanka’s economy was among the fastest growing in Asia, but it was vulnerable to sudden external shocks due to high levels of foreign commercial borrowings, the IMF said.
SAN FRANCISCO: Twitter Inc's monthly active users rose a better-than-expected 24 percent in the second quarter as the online messaging service mostly succeeded in stemming a dwindling pace of growth,
Profits of the listed petrochemical companies rose by 14.4 percent to SR18.54 billion in the first half of the current year compared to SR16.2 billion in the same period last year, according to a fina
LONDON: Brent crude oil fell toward $107 a barrel as ample supply outweighed concerns over political tensions in the Middle East, Africa and Europe.
LONDON: BP Plc, Europe’s third-largest oil company by market value, reported a 34 percent increase in second-quarter profit while warning that increasing sanctions against Russia could “adversely impa
NEW DELHI: India’s top mobile phone firm, Bharti Airtel, has reported a nearly 61 percent jump in quarterly profit from a year earlier, helped by easing competition and a wider customer base.
MUMBAI: India’s Ranbaxy Laboratories narrowed its net loss in the April-June quarter from a gaping deficit a year ago as lower currency losses helped offset a dip in sales, the firm reported.
TOKYO: Airbus said it has canceled a $2.2 billion deal with Skymark Airlines for the purchase of six A380 superjumbos, reportedly over concerns about payment.
GENEVA: Switzerland’s biggest bank, UBS, has reported a 15 percent rise in second-quarter profit, driven by its core wealth management business, and disclosed it was part of a group of financial compa
NEW YORK: A big one-time gain and a tax benefit helped drugmaker Merck & Co.
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