ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has increased by 0.73% to close at 4563.35 points. Accordingly the Market Capitalization has gained AED 5.35 billion attaining AED 740.23 billion. A total of 0.79 Billion Shares were traded with a total value of AED 1.2 billion during the trading session of 13-04-2016 through 9971 transactions. The number of companies ...

  LONDON / Bloomberg Tesco has announced on Wednesday that it rebounded into slender annual net profits on strong sales, after a vast property write-down and challenging home trade sparked a record loss the previous year. The troubled British supermarket giant revealed that earnings after taxation stood at £138 million ($197 million) in its 2015/2016 financial year, which ran until the ...

  Reuters Teen apparel retailer American Apparel Llc is laying off hundreds of workers as it overhauls its production process, which could include outsourcing part of its production to another US manufacturer, the Los Angeles Times reported. “If we do decide to produce some pieces out-of-house, they will still be American-made,” Chief Executive Paula Schneider wrote in a letter obtained ...