Friday 24 June 2016
 
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Q2

Sluggish factory activity sets global tone for Q2

Asian factories barely grew in April and those in the euro zone did little better despite heavy discounting, setting a sluggish tone on Monday for the global economy in the second quarter. Japanese manufacturing activity shrank la

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Audi to unveil new compact SUV at Geneva motor show

Audi is unveiling its compact Q2, an urban car for everyday driving and leisure at the upcoming Geneva Motor Show.   It is also flanked by two new top models  at its world debut – the Audi S4 Avant and

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Henkel achieves 13.5pc increase in Q2 sales

Henkel, a leading manufacturer of consumer goods and adhesives technologies, has achieved an increase in second quarter sales of up to 13.5 per cent. The rise in figures was driven by various factors such as solid organic sales gr

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Kuwait's Agility Q2 net profit rises 5.5pc

Kuwait's Agility, the largest Gulf Arab logistics company, reported a 5.5 per cent rise in second-quarter net profit on Thursday. The firm, which has operations in more than 100 countries, said net profit in the three months t

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US productivity rises in Q2, but trend still soft

US non-farm productivity rebounded in the second quarter, but a weak underlying trend suggested inflation could pick up more quickly than economists have anticipated. Productivity increased at a 1.3 per cent annual rate in the Apr

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Shell to cut 6,500 jobs, investments to reduce to $30bn

Royal Dutch Shell on Thursday reported a 37 per cent drop in second quarter profits and said it would cut 6,500 jobs this year and reduce spending further to deal with an extended period of lower oil prices. The Anglo-Dutch oil and gas

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Savola Q2 profit falls 15pc, warns Q3 profit will also drop

Saudi Arabia's Savola Group reported a 15.4 per cent fall in second-quarter net profit on Tuesday, missing analyst forecasts as the food producer warned its third-quarter profit was likely to plunge. The company made a net pro

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Saudi Arabia's Tasnee slumps to Q2 net loss

Saudi Arabia's National Industrialisation Company (Tasnee) on Monday said it swung to a net loss for the second quarter, which the petrochemical producer blamed on lower product sales prices and higher costs as it missed analyst forecasts.

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FGB Q2 profit boosted by lending rise

First Gulf Bank (FGB), the third largest lender by assets in the UAE, posted an 8 per cent rise in second-quarter net profit on Sunday, with performance bolstered by growth in new lending and a drop in bad loans. The results conti

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ADIB net profit increases 10.5pc to $136m in Q2

Abu Dhabi Islamic Bank (ADIB), a tier one financial services company, has reported a net profit of Dh502.6 million ($136.7 million) for the second quarter of the year, a 10.5 per cent increase from the same period last year. The n

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