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China's Lenovo sees 34pc net profit jump 23 May 2013 - 10:02 am

HONG KONG: Chinese computer maker Lenovo Group Thursday announced a jump in net profit for the financial year of 34 percent, despite the...

Nissan to recall 841,000 vehicles due to steering wheel glitch 23 May 2013 - 09:29 am

TOKYO: Nissan Motor Co Ltd will recall about 841,000 vehicles worldwide including the Micra compact car, also known as the March, as a...

National Bank of Abu Dhabi plans $350m convertible bond 23 May 2013 - 09:29 am

DUBAI: National Bank of Abu Dhabi (NBAD), the UAE's largest lender by market value, plans to sell $350 million in a convertible bond...

Exchange Rates in Qatar 23 May 2013 - 09:19 am

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

Dubai's MAF picks banks for hybrid bond sale 23 May 2013 - 08:52 am

DUBAI: Dubai's Majid Al Futtaim (MAF), which is buying Carrefour's stake in a regional joint venture, has picked five banks to arrange the...

Samsung sells more than 10 million Galaxy S4 smartphones 23 May 2013 - 08:06 am

SEOUL: South Korea's Samsung Electronics said Thursday that global sales of its latest flagship Galaxy smartphone had topped 10 million units less than...

Ford to halt car production in Australia in 2016 23 May 2013 - 07:56 am

President and CEO of Ford Australia Bob Graziano announces Ford will stop local manufacturing in October 2016, in Melbourne. MELBOURNE: Ford announced Thursday...

Hong Kong flash floods 23 May 2013 - 05:49 am

A taxi is stalled during flooding after heavy rain in Hong Kong yesterday. The Hong Kong Observatory issued a Black Rainstorm warning in...

China sends ships to disputed shoal 23 May 2013 - 05:48 am

MANILA: The Philippines has filed a protest against what it describes as the “provocative and illegal” deployment of Chinese ships around Ayungin Shoal,...

US to push for Bangla factory safety reforms 23 May 2013 - 05:48 am

DHAKA: A US government delegation will visit Bangladesh this weekend to press for a major overhaul of factory safety following the nation’s deadliest...

Kim’s special envoy in key China visit 23 May 2013 - 05:48 am

BEIJING: A top official and confidante of North Korean leader Kim Jong-Un yesterday met a senior Chinese official in Beijing, at a time...

Taiwan denies entry to Manila investigators 23 May 2013 - 05:48 am

Taipei: Taiwan’s Ministry of Justice yesterday rejected a plan by 10 Philippine investigators to visit the country today to offer judicial assistance in...

US-China ‘talks will reduce suspicions’ 23 May 2013 - 05:47 am

BEIJING: Chinese state media yesterday welcomed news of the first summit between President Xi Jinping and his US counterpart Barack Obama, saying the...

Rebels raise $634,000 23 May 2013 - 05:47 am

MANILA: Communist insurgents extorted 26m pesos ($634,000) from politicians in the mid-term election, the army said yesterday. But spokesman Major Ramon Zagala said...

Man killed in London terror attacks 23 May 2013 - 05:46 am

Police forensics officers search a cordoned off area in Woolwich, east London, yesterday, following an incident in which one man was killed and...

US IRS official refuses to answer at scandal hearing 23 May 2013 - 05:45 am

IRS Director of Exempt Organizations Lois Lerner (left) takes notes as she and US Deputy Treasury Secretary Neal Wolin take their seats to...

Imams pray at Auschwitz for Holocaust dead 23 May 2013 - 05:44 am

OSWIECIM, Poland: Muslim leaders from across the globe knelt in prayer for the Holocaust dead at the Auschwitz’s notorious Wall of Death yesterday,...

South African MPs rubbish Indian wedding probe 23 May 2013 - 05:44 am

CAPE TOWN: South Africa’s political opposition yesterday rubbished a government probe that cleared President Jacob Zuma over the use of a military base...