May 22, 2013
HK Mercantile Exchange in police and regulator probe
Hong Kong Mercantile Exchange, which trades commodities, is being probed by the police and market regulators over alleged financial irregularities. The Securities and Futures Commission initiated an investigation of the two-year old market on 15…
May 22, 2013
Vodafone hit by turmoil in Europe as sales fall
Mobile giant Vodafone's full-year sales have slipped for the first time in eight years after tough economic conditions in Europe hit revenues. Annual revenues fell 4.4% to £44.4bn, after the firm cut prices in Europe in an attempt to retain…
May 22, 2013
Vodafone hit by turmoil in Europe as sales fall (2)
Mobile giant Vodafone's full-year sales have slipped for the first time in eight years after tough economic conditions in Europe hit revenues. Annual revenues fell 4.4% to £44.4bn, after the firm cut prices in Europe in an attempt to retain…
April 30, 2013
Eurozone unemployment at record high as inflation drops
Unemployment in the eurozone has surged to a fresh record high, while inflation has fallen to a three-year low, boosting expectations that the European Central Bank will cut interest rates. Unemployment in the 17 countries using the euro hit 12.1%…
April 30, 2013
BP’s profits edge lower but beat forecasts
Oil giant BP saw profits edge lower in the first three months of the year. Underlying replacement cost profit, which strips out the effect of oil price movements, was $4.2bn (£2.6bn) - down from $4.7bn for the same period a year ago. However, the…
April 30, 2013
Deutsche Bank surges as share issue cheers investors
Deutsche Bank's shares rose almost 7% in early trading, as its decision to issue shares to boost its capital reserves and strong first-quarter results cheered investors. Germany's largest bank has issued 2.96bn euros (£2.9bn) worth of stock in a…
April 30, 2013
Caribbean resort investors fear for their homes
British investors in the financially troubled multi-million dollar Caribbean investment firm Harlequin Property are afraid they could lose tens of thousands of dollars and even their own homes after Harlequin’s sales division filed for…
April 24, 2013
Apple profits fall for first time in a decade
Computer and smartphone maker Apple has reported its first quarterly drop in profits in a decade, but said it will raise dividends for shareholders. It made a net profit of $9.5bn (£6.2bn) in the January to March quarter, down from $11.6bn last…
April 24, 2013
US manufacturing growth worst in six months
The US manufacturing sector grew at its slowest pace in six months during April, a survey has suggested. Research firm Markit said the domestic market was the main source of weakness, offset by a rise in export production. Markit's purchasing…
April 24, 2013
IFC’s financing for Indomina supports economic growth & employment in the Dominican Republic
IFC, a member of the World Bank Group, is investing $20 million in the Dominican Republic’s first full-service film and television studio facility to help diversify the country’s economy and generate high-skilled jobs, growth, and tax revenues in…