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.
NEW YORK: Pfizer’s second-quarter earnings plunged 79 percent from last year, when the world’s second-largest drugmaker booked a business spinoff gain of more than $10 billion.
FRANKFURT: Deutsche Bank, Germany’s biggest lender, said its net profit in the second quarter fell by 29 percent, due mainly to a heavier tax bill.
ATHENS: Greece’s leading dairy company Fage said it had conclusively won a long legal battle in Britain to block a US-based rival from marketing strained yoghurt as ‘Greek yoghurt’.
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