Ericsson, a leading mobile network equipment maker, beat second-quarter sales and profit forecasts and said its mainstay North American business had stabilised after three quarters of declines, lifting its shares as much as six per cent.
The International Monetary Fund trimmed its forecast for global economic growth for this year to take into account the impact of recent weakness in the United States.
But the global financial institution said growth prospects for
Riyad Bank, Saudi Arabia's fourth-largest lender by assets, posted a 0.7 per cent decline in its second-quarter net profit on Thursday, missing analysts' average forecast.
The bank said it made SR1.13 billion ($301.3 milli
Arab National Bank, Saudi Arabia's seventh-largest lender by assets, reported on Thursday a 6.4 per cent rise in second-quarter net profit, beating analysts' forecasts.
Net profit in the three months to June 30 was SR835.3
Samba Financial Group, Saudi Arabia's third-largest bank by assets, posted a 6.1 per cent rise in its second-quarter net profit, it said in a bourse statement on Thursday, beating analyst forecasts.
The bank said it made SR1.3
The US government modestly raised its 2015 and 2016 US crude oil production forecasts while lowering its price outlook.
In its short term energy outlook, the US Energy Information Administration (EIA) raised it
Oil futures prices dipped slightly in thin trade on Friday as forecast higher production by US shale oil producers this year added to lingering worries over demand.
US July crude shed four cents to $60.41 a barrel as of 0302 GMT a
Boeing Company boosted its 20-year forecast for aircraft demand by 3.5 per cent yesterday (June 10), predicting ‘strong and resilient’ growth as two out of every five newly built jets feed Asia’s booming travel market.
The $4 billion wearables market could increase from 20 million devices last year between 200 and 500 million devices by 2020, to reach $130 billion, according to a report.
Several industry forecasts have pointed out that more than
Qatar's Ooredoo forecasts its revenue will fall by as much as three per cent in 2015 and core earnings will drop by a similar margin, a presentation by the telecommunications operator on its website shows.
Ooredoo, which has e