Vodafone’s annual net profit rocketed to £59.25 billion, boosted by the enormous sale of its stake in US joint-venture Verizon Wireless, the British mobile phone giant said on Tuesday. Earnings after taxation surged to the equivalent of $100 billion…
Browsing: Business & Economy News
Global business and economy news
The Philippine economy will more than double in the next decade as earnings from overseas workers and business outsourcing surge, a respected US-based think-tank said Monday. Once the region’s perennial economic laggard, the Southeast Asian country…
European equities fell Thursday as investors digested gloomy eurozone data showing anaemic economic growth for the first quarter of the year. London’s benchmark FTSE 100 index gave up 0.55 percent to close at 6,840.089 points as investors considered…
Spanish oil group Repsol has raised $2.0 billion with the sale of Argentinian government bonds received as payment for the nationalisation of its offshoot YPF, the company said. The sale, worth the equivalent of 1.47 billion euros, means that Repsol…
India’s stock market surged to its second consecutive record high and the rupee rallied on expectations exit polls released later Monday will show the Bharatiya Janata Party (BJP) winning national elections. The country’s mammoth election wraps up on…
Though anti-EU outsiders UKIP might top the polls at the European Parliament elections in Britain, a eurosceptic streak runs through all the mainstream parties they stand against. The United Kingdom Independence Party of Nigel Farage, which is fixed…
Struggling Japanese electronics maker Sharp said Monday it had swung back to profit for the full year to March after two years of huge losses, thanks to stronger sales and cost-cutting. The Osaka-based company booked a 11.56 billion yen ($114 million…
The Dow closed at a fresh record high as US stocks rallied Friday, with investors shrugging off mixed earnings reports and uncertainty over the Russia-Ukraine crisis. The Dow Jones Industrial Average advanced 32.37 points (0.20 percent) to 16,583.34…
Alibaba — often described as a Chinese version of Amazon or eBay — filed documents Tuesday for its US stock listing, widely expected to be one of the largest offerings in history. The initial filing with the US Securities and Exchange Commission indicates…
The European Central Bank is not expected to cut interest rates this week, but could start paving the way for a possible move in June if deflationary dangers persist, analysts said. The ECB has held eurozone borrowing costs at their current all-time…