Category Archives: WORLD BUSINESS

Stars, businessmen, suspected criminals among HSBC clientele

Business executives, politicians, rich heiresses along with alleged arms traders, drug traffickers and al-Qaeda backers figure among the HSBC clients listed in secret bank documents that Monday sparked a global…

Apple in big solar power deal

APPLE Inc will buy about $850 million of power from a new California solar farm to cut its energy bill, the iPhone maker said on Tuesday as its stock market…

Micromax overtakes Samsung in India

Samsung has been overtaken as the largest seller of smartphones in India by local budget brand Micromax for the first time, according to market research firm Canalys. Micromax accounted for…

Disney boosted by Frozen toy sales

Entertainment giant Walt Disney has credited the continuing success of toys based on its hit film Frozen and an increase in visitors to its theme parks for an “incredibly strong…

China overtakes US for foreign investment

China has overtaken the US as the top destination for foreign direct investment (FDI), for the first time since 2003. Last year, foreign firms invested $128bn (£84,8bn) in China, and…

Google profits up nearly 30pc

Internet giant Google reported fourth-quarter profits of $4.76bn (£3.16bn), up nearly 30% from the same period a year before, but revenue missed Wall Street expectations. The company’s revenue increased by…

Volatile markets push up earnings at Deutsche Bank

FRANKFURT, Germany (AP) – Deutsche Bank rebounded to make a surprise fourth-quarter profit of 441 million euros ($498 million) as it saw lower charges for settling accusations of wrongdoing. The…

Microsoft profit falls on sluggish Windows, currency pressure

Microsoft Corp on Monday reported a fall in its quarterly profit that was in line with Wall Street forecasts, as sluggish personal computer sales dampened demand for Windows software and…

Dubai airport overtakes Heathrow

Dubai International has taken over from Heathrow as the world’s busiest international airport in terms of yearly passenger numbers. The United Arab Emirates airport said it had just under 70.5…

Maruti profit up 18pc, misses estimates

India’s largest carmaker Maruti Suzuki India Ltd posted a smaller-than-expected rise in profit for the third quarter, hit by one-off items including a jump in advertising costs, a higher tax…

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