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The world’s second-largest miner reported an annual net profit of $4.62 billion for the year to December 31Sydney: Rio Tinto Wednesday reported a surge in annual net profit on the back of improving commodity prices in a strong turnaround from last year’s loss, and rewarded shareholders with a buy-back.The world’s second-largest miner reported an annual net profit of $4.62 billion (Dh16 billion) for the year to December 31, compared to a $866 million net loss in the previous financial year ...
from the well-established Anirban Lahiri to the up and coming Shubhankar Sharma -- a mix of young and experienced will comprise the Indian challenge at the USD three million Maybank Malaysian Championships golf tournament starting tomorrow. Shubhankar, at 20, has been knocking on the doors of his first professional title for some time now and his last three starts have seen him finish inside Top-11. Even as he approaches one of the biggest events of his young life, there is Mukesh Kumar, who s...
[India], Feb 8 (ANI): India's largest searchable B2B marketplace and exporters directory that connects manufacturers, exporters, suppliers and buyers ExportersIndia has announced that it has registered 25 lakh merchants on its platform. The company plans to raise that figure to 32 Lakh by the end of this calendar year.The company is confident that with the Indian SME sector projected to be worth USD 25.8 billion and slated to rise as a strong market for emerging technologies within the next thre...
Finance and Planning Minister Dr Philip Mpango has appealed to statisticians in the country to review models used in measuring poverty in African countries to come up with clear strategies on how to fight the menace locally. Dr Mpango made the call at the first International Conference on the Use of Tanzania National Panel Survey and LSMS Data for Research, Policy and Development in Dar es Salaam yesterday. "The Fifth Phase government is committed to raising the incomes of its citizens by put...
When we look back at Southeast Asia’s startup economy in ten years, 2016 may very well be marked as a year of transition. The reason is because, prior to last year, startups and investors played in pool of Seed and Series A investments. News of any startup that successfully raised single-digit USD was considered a big deal. One reason is because a few years ago most investors — particularly VCs — were on their first fund. These firms were placing their Seed investments in startups and tr...
Ethiopian Airlines’ chief executive said a US order temporarily halting immigration from seven Muslim-majority states was creating confusion for passengers but was not having much impact overall on its operations. Tewolde Gebremariam also said the airline’s revenue rose 10.3 per cent to 54.5 billion birr (Dh8.92bn) in the 2015/16 fiscal year, while passenger numbers climbed 18 per cent to 7.6 million. Net profit was up 70 per cent at 6bn birr. The state carrier is Sub-Saharan Africa’s bi...
Japan last year logged its biggest annual current-account surplus since the 2008 financial crisis, figures showed today, as the country's prime minister prepares to meet protectionist-leaning Donald Trump. The new president has assailed Japan for allegedly devaluing the yen to boost exports, grouping it with other countries he says are taking "advantage" of the United States. The surplus in the current account -- the broadest measure of Japan's trade with the rest of the world -- comes at a tr...
Moneycontrol BureauWith the US under Donald Trump's administration proposing new norms to the H1B work visas, which may make it difficult for Indians among other nationals to work in America, Japan is opening its doors to investments and work opportunities in the country, reports Mint.The Japanese government is going to unveil a new law that will reduce the waiting time for Indian - and other nationalities - professionals to obtain a 'green card' which would give them permanent residency status ...
WASHINGTON (AFP) - The United States and Japan have conducted the first interception of a ballistic missile target using a jointly built system, amid heightened tensions over North Korea's missile program. The two nations have been working together since 2006 to develop a variant of the Standard Missile-3, a ship-launched missile that operates as part of the Aegis Ballistic Missile Defence System. Last Friday's (Feb 3) test off Kauai in Hawaii saw the Standard Missile-3 "Block IIA" successfull...
KUCHING: The semiconductor sector has ended the year 2016 on a high on the back of a recovery in the second half. The research arm of TA Securities Holdings Bhd (TA Research) observed that worldwide semiconductor sales beat expectations and achieved a record year in 2016, reaching US$338.9 billion in 2016. Sales in the fourth quarter of 2016 (4Q16) went up 5.4 per cent quarter on quarter (q-o-q) and 12.3 per cent year on year (y-o-y). The sector’s recent streak continued in December 2016, i...
MELBOURNE, Feb 7 (Reuters) - London copper drifted on Tuesday as the dollar edged higher after a Federal Reserve official offered support for a March rate rise, while impending China data kept traders on the sidelines and volumes low. * Three-month copper on the London Metal Exchange eased by 0.3 percent to $5,828 a tonne by 0045 GMT, paring gains from the previous session when prices climbed 1.3 percent, but still holding well below last Wednesday's two-month peak of $6,007 a tonne. Volumes we...
LONDON, Feb. 6, 2017 /PRNewswire/ -- "Release coatings market to grow at a CAGR of 5.6% (2016-2021)"The global release coatings market is projected to reach USD 6.20 billion by 2021, at a CAGR of 5.6% between 2016 and 2021. Increased demand for water-based coatings and emergence of digital label printing technology act as key driving factors influencing the growth of the global release coatings market. However, differences in release control that may result in the failure of release coatings act...
CAPE TOWN: Investors and mining firms gather at Africa’s biggest industry conference amid a newfound optimism that the uptick in commodity prices could shore up investment after years of downturn. The annual four-day Mining Indaba in Cape Town takes place as demand in China, one of the world’s biggest consumers, begins to stabilise. Commodities like iron, copper and tin are soaring to new heights, raising hope among analysts that this year’s conference may spur funding for new mining ven...
The Nigerian Electricity Regulatory Commission (NERC) has proposed to the federal government a review of gas pricing to electricity generation companies (Gencos) from dollar to naira-denominated. The commission said it has become imperative that the pricing policy be reviewed to relieve the electricity market of the pressure from foreign exchange, following Nigeria’s current economic challenges, which it said impacted on electricity production by Gencos, which pay for gas in dollars. A state...
The United States Federal Trade Commission said on Monday that Vizio used 11 million televisions to spy on its customers. The television maker agreed to pay $US2.2 million ($3 million) to settle a case with the FTC and the New Jersey attorney-general's office after the agencies accused it of secretly collecting - and selling - data about its customers' locations, demographics and viewing habits. With the advent of "smart" appliances, customers and consumer advocates have raised concerns abou...
Written by veteran flight attendant and writer Ji Byung-lim - China's retaliatory measures over South Korea's decision to allow the deployment of a U.S. Terminal High Altitude Area Defense (THAAD) on the peninsula have been coming since the beginning of the new year. Chinese authorities announced on Jan. 3 that 28 cosmetics products failed to win approval for import, and among them 19 were Korean. It is quite perplexing for the domestic cosmetics industry, which has been totally depending on the...
There is probably big pressure on the makers of the upcoming LG G6 flagship phone to make it succeed in ways that last year’s semi-modular LG G5 didn’t. This is especially after the fact that the Korean company revealed losses of around USD$1.1 billion last year due to the G5 not selling as much as it should. This year, the LG G6 will have a display that will cover the whole front face of the phone – officially called a “Full Vision” display. In technical terms, this Full Vision displ...
A study by the Inter-American Development Bank (IDB) estimates the direct annual cost of crime and violence in Latin America and the Caribbean at US$261 billion or 3.55% of GDP, roughly what the region invests on infrastructure and double the average cost for developed countries. It is also the equivalent income for 30% of the poorest population, underscoring the grave development impact violence has on the region. The Costs of Crime and Violence, New Evidence, New Revelations in Latin America ...
WASHINGTON: The United States and Japan have conducted the first interception of a ballistic missile target using a jointly built system, amid heightened tensions over North Korea's missile programme. The two nations have been working together since 2006 to develop a variant of the Standard Missile-3, a ship-launched missile that operates as part of the Aegis Ballistic Missile Defence System. Friday's test off Kauai in Hawaii saw the Standard Missile-3 "Block IIA" successfully hit its target i...
TORONTO, ONTARIO--(Marketwired - Feb. 6, 2017) - As previously announced on September 13, 2016, BlackRock Asset Management Canada Limited ("BlackRock Canada"), an indirect, wholly-owned subsidiary of BlackRock, Inc. (NYSE:BLK), intends to change the listing venue from the Toronto Stock Exchange ("TSX") to the Aequitas NEO Exchange ("NEO") for the common units and advisor class units (collectively, the "Units") of the following iShares Funds: BlackRock Canada anticipates that the Units will be d...