Mena News

 

  Eurozone construction output continues to fall
Apr , 18 , 2013  
  Construction output in the Eurozone continued to decline, albeit at a slower rate. The production decreased 0.8% MoM in February vis-à-vis 2.1% in January.
 

Read More

  United National Bank announces 1Q13 results
Apr , 18 , 2013  
  UAE-based United National Bank’s net profit increased 4.2% YoY to AED495mn in 1Q13. Operating profit rose 5.2% YoY to AED628mn during the same period.
 

Read More

  Arabtec signs joint venture agreement with Samsung Engineering
Apr , 18 , 2013  
  Arabtec entered into an agreement with Korea-based Samsung Engineering to form a company that would focus on large energy and power projects in the MENA region.
 

Read More

  Nakheel announces 1Q13 results
Apr , 18 , 2013  
  Dubai-based Nakheel’s net profit increased 36% YoY to AED491mn in 1Q13. Revenue surged 62% YoY to AED2.2bn during the same period.
 

Read More

  Yahoo profit rises, but display-ad revenue suffers
Apr , 17 , 2013  
  AN FRANCISCO (MarketWatch) — Shares of Yahoo Inc. on Tuesday fell sharply in late trading after the Web portal reported a gain in profit, but posted a decline in sales, missing Wall Street’s estimates. Yahoo YHOO -0.79% was down 4.5% in after-hours trading. A key factor was its dismal display ad revenue, said BGC Partners analyst Colin Gillis. “Display was a relative disaster,” he told MarketWatch. The company reported a first-quarter profit of $390.9 million, or 35 cents a share, compared with a profit of $286.3 million, or 23 cents a share, in the year-earlier period. Revenue excluding traffic acquisition costs was $1.07 billion, compared to $1.08 billion in the same period the previous year. Adjusted profit was 38 cents a share. Analysts polled by FactSet on average were expecting the Web portal to post a profit of 25 cents a share on revenue of $1.1 billion. In a statement, Yahoo Chief Executive Marissa Mayer said, “We saw continued stability in our business, strengthened our team, and started the year with fast execution against our products and partnerships.” But analysts quickly pointed out problems in Yahoo’s core display business. Adjusted revenue for that business totaled $402 million, down 11% from the year-ago quarter. Gillis said Wall Street’s consensus estimate was for revenue of about $432 million. On the other hand, Yahoo’s financials continued to get a lift from its Asian assets. Profit from its equity interests, which make up mainly earnings from Yahoo Japan and Alibaba, jumped sharply to $217.6 million from $172.2 million in the year-earlier period. “If you own Yahoo because you want exposure to Alibaba and Yahoo Japan, then you’re fine,” Gillis told MarketWatch. “If you own Yahoo because the core business is turning around, you gotta be worried with display because that’s the one thing they completely control.”
 

Read More

  Moody’s downgrades China’s outlook to stable
Apr , 17 , 2013  
  Moody's Investors Service downgraded China’s credit outlook to stable from positive as the economy makes limited progress in curbing risks of local government debt and rising credit growth.
 

Read More

  Eurozone inflation for March confirmed at 1.7%
Apr , 17 , 2013  
  Eurozone’s inflation declined marginally to 1.7% in March, coming in line with the flash estimate and down from 1.8% in February. On a monthly basis, consumer prices increased 1.2% during the month.
 

Read More

  US housing starts rise more than expected
Apr , 17 , 2013  
  Housing starts in the US rose more than expected in March due to increased construction of new multi-family houses. Housing starts surged 7.0% to an annual rate of 1.04mn from the revised estimate of 968,000 in February. The market expected housing starts to come in at 930,000.
 

Read More

  US consumer prices fall unexpectedly
Apr , 17 , 2013  
  Consumer prices in the US declined unexpectedly in March due to a sharp drop in energy prices. The consumer price index slipped 0.2%, after inching up 0.7% in February. The market had estimated prices to remain unchanged from the previous month.
 

Read More

  US industrial production climbs 0.4%
Apr , 17 , 2013  
  Industrial production in the US grew 0.4% in March, led by higher output of utilities. This follows an upwardly revised 1.1% rise in February and exceeded the market expectations of 0.2% growth.
 

Read More

[First Page] [Prev] 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 [Next] [Last Page]

  
New Page 1
Privacy Statement

Copyright © 2012 LOTUS All Rights Reserved
Developed By Superlink