Samsung tips record Q3 profit of $7.3 bn
South Korea's Samsung Electronics said Friday it expected a record operating profit of 8.1 trillion won ($7.3 billion) in the third quarter, boosted by sales of its flagship Galaxy smartphones.
06 October 2012 13:46
India's rupee at near 6-month-high on reform boost
The Indian rupee on Friday soared to its highest level against the dollar in almost six months after the embattled government pushed ahead with more measures to attract foreign investment.
06 October 2012 11:12
French stats institute warns of period of no growth
The French economy appears to be settling into a period of no growth according to the INSEE national statistics institute, which halved late Thursday its 2012 growth forecast to 0.2 percent.
05 October 2012 15:47
Japan insurers stop China riot coverage: report
Big Japanese insurers have stopped covering firms against riots in China, a report said Friday, a move seen likely to hit investment there as the countries remain stuck in a festering territorial row.
05 October 2012 15:20
Activists building ship in Gaza to defy Israel
A ship built in Gaza will sail next year carrying Palestinian exports to international customers, and to challenge Israel's blockade from the inside out.
05 October 2012 13:15
Economic minnow Laos set to join WTO club
After years of preparation, communist Laos is on the verge of joining the World Trade Organisation, a milestone that the small landlocked nation owes to a slew of reforms it must now enforce.
Apple smartphones gaining on Samsung in US
Apple narrowed the gap with Samsung smartphones in the precious US market in the months before the release of the hot-selling iPhone 5 model.
04 October 2012 14:28
Gold mine evicts workers as S.African strikes spread
A leading gold mine in South Africa started evicting thousands of its striking workers from company dormitories on Tuesday as work stoppages spread to more gold and platinum mines.
Taiwan expects tourist boost to US with visa waiver
Taiwanese officials said Wednesday that visitors to the United States are estimated to increase by 50 percent now that the island has been added to the US visa waiver programme.
03 October 2012 14:24
Kazakhstan raises fuel prices
Kazakhstan’s Agency for Natural Monopolies Regulation has changed the ceiling prices for regulated fuel.
03 October 2012 13:05
Arab and LatAm leaders agree to investment bank
Latin American and Arab leaders agreed to form a joint investment bank during a summit in Peru at which they also discussed the increasingly bloody civil war in Syria.
03 October 2012 12:54
S&P warns of little iron ore respite for miners
Global credit agency Standard & Poor's said Tuesday that it saw little improvement in iron ore prices in the near-term and warned that smaller single-commodity miners could see their ratings slip.
03 October 2012 12:33
US State Dept seeks to unblock $450 mn for Egypt
The US State Department said Monday it would work with Congress to try to unblock some $450 million in economic aid for Egypt, after a lawmaker froze the funds.
Two S. Korea nuclear reactors shut down
Two South Korean 1,000-megawatt nuclear reactors were shut down Tuesday at separate plants, both as a result of unrelated systems malfunctions.
