A Conoco gasoline station in St. Louis, Missouri. (Reuters)
JEDDAH: Saudi Arabia’s stock market gained strongly for a second straight day as oil prices rebounded from the day’s lows, reinforcing a growing perception among investors that they have found a floor
SAN FRANCISCO: Apple CEO Tim Cook says consumer demand for new iPhones has been “staggering” and “hard to comprehend.” That helped the company report record-smashing earnings for its latest quarter an
TOKYO: Sony Corp. plans to cut around 1,000 additional jobs in its struggling smartphone division as it tries to bring its electronics business back into the black, sources said.
Royal Philips has announced the launch of Ingenia 1.5T S at Arab Health 2015, a new MRI system designed for “First Time Right” imaging and for faster workflow, while enhancing the patient’s experience
Emirates, a global connector of people, places and economies, has announced the launch of A380 services to two European destinations: Dusseldorf and Madrid.
SINGAPORE: Singapore has become the latest country to ease monetary policy in a surprise move as plunging oil prices hit inflation and the central bank looks to boost the tepid economy.
Schneider Electric has announced that it ranks 9th in the 2015 Global 100 Most Sustainable Corporations in the World (Global 100) Index.
Net profits of the listed cement firms grew by 6 percent to reach SR5.9 billion in 2014 compared to SR5.6 billion in 2013, according to a financial report.
NEW YORK: Yahoo is spinning off its stake in Chinese Internet giant Alibaba, splitting off the valuable holdings in a move that sidesteps taxes.
SAN FRANCISCO: Apple’s quarterly profit rocketed to a corporate record $18 billion at the end of last year on booming sales of big-screen iPhone models, especially in China.
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