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Ericsson reports rise in profit despite stagnant sales 18 Jul 2013 - 01:10 pm

STOCKHOLM: Swedish telecom-equipment maker Ericsson reported a jump in quarterly profit and flat sales on Thursday, disappointing analysts. Profits rose 26 percent in...

Asian arrested for filming UAE man beating Indian driver 18 Jul 2013 - 01:05 pm

DUBAI: An Asian man has been arrested for filming a video that has gone viral on the Internet showing a UAE citizen beating...

Asia Naphtha-Yemen sells light grade, skips heavy naphtha 18 Jul 2013 - 12:10 pm

SINGAPORE: Yemen's Aden Refinery has sold 28,000 to 30,000 tonnes of light grade naphtha for late July lifting to Glencore but has skipped...

Philippine mayor rejects transfer of 'lonely' elephant 18 Jul 2013 - 12:09 pm

MANILA: The mayor of the Philippine capital on Thursday rejected calls by animal rights campaigners to transfer the country's sole elephant from Manila's...

Syria air raid hits pro-rebel Lebanese region 18 Jul 2013 - 12:08 pm

BEIRUT: A Syrian military helicopter fired rockets at a pro-rebel region of eastern Lebanon in the early hours of Thursday, a security source...

S. Korea tycoon charged with embezzlement, tax evasion 18 Jul 2013 - 12:06 pm

SEOUL: The head of South Korean food and entertainment giant CJ Group was charged Thursday with embezzlement and tax evasion, prosecutors said, as...

Britain confirms £1.2bn trains order with Hitachi 18 Jul 2013 - 10:31 am

LONDON: Britain on Thursday awarded a £1.2-billion or $1.8-billion or 1.4-billion-euro contract to Japan's Hitachi to build more high-speed trains at its new...

Car bomb explodes outside mosque in Bahrain 18 Jul 2013 - 10:30 am

ABU DHABI: A car bomb exploded outside a Sunni Muslim mosque as worshippers attended late-night prayers in a district where members of Bahrain's...

German software maker SAP trims 2013 sales forecast 18 Jul 2013 - 10:12 am

FRANKFURT, Hesse: German software giant SAP said on Thursday it will trim its full-year sales forecast in the face of the "difficult macroeconomic...

Exchange Rates in Qatar 18 Jul 2013 - 09:35 am

Exchange Rates in Qatar DOHA: Exchange Rates for foreign currencies as issued on Thursday by Qatar National Bank (QNB) are as following: Currency...

Gunmen wound two Somali journalists 18 Jul 2013 - 09:23 am

MOGADISHU: Gunmen have shot and injured two Somali reporters in the war-torn south, their colleagues said Thursday, in the latest attack on journalists...

Bomb attack kills 7 in northern Iraq tea house 18 Jul 2013 - 09:22 am

MOSUL, Iraq: A bomb blast in a teahouse in the northern Iraqi city of Mosul killed at least seven people on Wednesday, police...

Tokyo stocks close up 1.32pc 18 Jul 2013 - 09:11 am

TOKYO: Tokyo stocks rose 1.32 percent Thursday as the dollar broke back above 100 yen after Federal Reserve chief Ben Bernanke assured lawmakers...

National Bank of Oman posts flat Q2 net profit 18 Jul 2013 - 08:58 am

DUBAI: National Bank of Oman, the sultanate's fourth-largest lender by market capitalisation, posted a near-flat second quarter net profit, Reuters calculated, beating analyst...

Taliban kill eight Afghan workers en route to US base 18 Jul 2013 - 08:45 am

PULI ALAM, Afghanistan: Taliban gunmen on Thursday shot dead eight Afghan civilians on their way to jobs at a US military base south...

Japan's SoftBank forms green tie-up with US firm 18 Jul 2013 - 08:30 am

TOKYO, Tokyo province: Telecom giant SoftBank said Thursday it had set up a joint venture with US firm Bloom Energy to supply green...

Ford sues Japanese parts maker on claims of price-fixing 18 Jul 2013 - 08:10 am

TOKYO: Ford Motor Co has sued Japanese auto-parts supplier Fujikura Ltd, claiming a conspiracy to fix the prices of electrical systems used in...

Steam rising from reactor building in Fukushima 18 Jul 2013 - 07:55 am

TOKYO: Steam is rising from a destroyed building that houses a reactor at Japan's crippled Fukushima Daiichi nuclear power plant, the operator of...