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Lufthansa reports net profit drop in Q2 31 Jul 2014 - 11:28 am

FRANKFURT: German airline Lufthansa said on Thursday its second-quarter net profit fell year-on-year due to pilots strikes, excess capacity on transatlantic and other...

Japan's ANA drops plan to buy stake in Myanmar airline 31 Jul 2014 - 11:27 am

TOKYO: Japan's All Nippon Airways (ANA) has dropped its plan to buy a 49 percent stake in a Myanmar airline, blaming "intensified" competition...

25 in Indonesia dead in Eid boat sinkings 31 Jul 2014 - 11:25 am

JAKARTA: At least 25 people in Indonesia, including six children, have died and 13 are missing in two separate boat sinkings, officials said...

Myanmar makes $2.3m heroin bust in 'Golden Triangle' 31 Jul 2014 - 11:24 am

YANGON: Myanmar authorities have seized 140 kilograms (310 lbs) of heroin packed into blocks and hidden in a car in the notorious "Golden...

Yemen spent $22bn over a decade on fuel subsidies 31 Jul 2014 - 11:21 am

SANAA: Yemen has spent US $22 billion (around 5 trillion riyals) over the last decade to subsidies oil derivatives, according to a new...

Lloyds bank says interim net profits more than halve 31 Jul 2014 - 10:38 am

LONDON: Britain's state-rescued Lloyds Banking Group said on Thursday that net profits slumped 57 percent in the first half, hit by compensation for...

Shell says Q2 net profits triple to $5.307bn 31 Jul 2014 - 10:37 am

LONDON: Anglo-Dutch oil giant Royal Dutch Shell said Thursday that net profits more than tripled in the second quarter, boosted by asset sales...

Tokyo stocks close down 0.16pc 31 Jul 2014 - 10:34 am

TOKYO: Tokyo stocks fell 0.16 percent Thursday, giving up early gains as earlier buying on robust US growth data and a weaker yen...

Sony posts $261m net profit in Q1 on PS4 sales, weak yen 31 Jul 2014 - 10:12 am

TOKYO: Sony said on Thursday is saw a $261 million first-quarter net profit thanks to brisk sales of its PlayStation 4 console and...

Airbus says no room for more talks in cancelled Japan jet deal 31 Jul 2014 - 10:09 am

TOKYO: Airbus on Thursday said its decision to cancel a $2.2 billion jet order from Skymark Airlines was final, rejecting the Japanese carrier's...

Rolls-Royce says on track for full-year 31 Jul 2014 - 10:07 am

LONDON: Engine maker Rolls-Royce said it was on track to meet forecasts for the year, as it reported an expected 20 percent drop...

Property developer DAMAC looks to list shares on Dubai bourse 31 Jul 2014 - 10:06 am

DUBAI: Dubai luxury property developer DAMAC is offering investors the option of converting its Global Depositary Receipts (GDRs), listed on the London bourse,...

Oil prices extend losses in Asian trade 31 Jul 2014 - 09:04 am

SINGAPORE: Oil prices tumbled further in Asia Thursday as concerns eased that fresh Western sanctions on Russia over Ukraine would have an immediate...

Syria army shelling near Damascus kills 12 31 Jul 2014 - 09:03 am

DOUMA: Twelve people were killed, among them a child, in Syrian army shelling late Wednesday on Douma, a rebel-held town near Damascus, a...

Philippines urges nationals out of Libya after beheading, rape 31 Jul 2014 - 09:02 am

MANILA: The Philippines renewed calls for thousands of its nationals to leave Libya on Thursday after a Filipina nurse was abducted and gang-raped,...

Samsung posts 19.6pc fall in Q2 net profit 31 Jul 2014 - 09:02 am

SEOUL: Samsung said Thursday net profit plunged almost 20 percent in the second quarter as intensifying competition from cheap Chinese phones and the...

FIFA workers’ welfare top priority: Panel 31 Jul 2014 - 02:16 am

DOHA: The Supreme Committee for Delivery & Legacy is making significant progress, building and strengthening necessary systems for monitoring violations and enforcement of...

Israel raids Gaza market, UN school; toll 1,346 31 Jul 2014 - 02:15 am

Smoke rises after Israeli shelling near a fruit and vegetable market in Shejaia on the eastern outskirts of Gaza City yesterday. GAZA: Israeli...