London: The yen dropped to a 33-month low versus the dollar and a 34-month low against the euro on Wednesday on expectations Japan will soon install a new central bank chief to speed up aggressive monetary easing.
Despite gains versus the yen, the euro fell against the dollar, with some investors cautious ahead of a European Central
Dubai’s DFM index extended its gains to close by 0.10 per cent to 1,870.67 points on Wednesday as earnings season boosts investor sentiment.
Among the gainers, Al Salam Bahrain rose 5.04 per cent to close at Dh0.855, followed by Gulf Finance House by 3.46 per cent to Dh0.449 and Drake & Scull International by 2.18 per cent to Dh0.798.
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Paris: The world’s top steel producer ArcelorMittal stumbled into the red last year with a net loss of $3.72 billion (Dh13.68 billion, 2.75 billion euros) largely due to costs related to Europe, where it struggling to shut plants.
Operating profit measured by earnings before interest, taxes depreciation and amortisation (EBITDA) fell
Jim O’Neill, a Goldman Sachs Group Inc executive who coined the term “BRIC” to refer to four fast-growing emerging markets, will retire later this year, according to an internal memo sent out on Tuesday.
O’Neill, chairman of Goldman’s asset management division, is an economist by training who joined the company in 1995 as a partner in
Stockholm: Swedish truck maker Volvo warned of a rough start to 2013 after weak demand in its main markets left factories running at half speed and pushed it into a heavier than expected quarterly earnings fall.
Volvo, which only weeks ago laid claim to have dethroned Germany’s Daimler as the world’s biggest manufacturer of heavy trucks on the bac
Abatera Tours is an expert destination management company that covers all aspects of inbound tourism business including FIT Travel, Leisure groups and Meetings, Incentives, Conferences & Events (MICE)...
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Office No: 302 Wasel Business Centre
Near port Saeeed Etisalat Office Deira, Dubai.
