April, 2016

• 30 April

  Sportswear brand Puma eyes boost from soccer tournaments, Olympics

  

    Frankfurt / AFP German sportswear and equipment maker Puma said business increased in the first quarter and that it is expecting a boost from major sporting events such as Euro 2016 and the Brazil Olympics. Like its arch-rival Adidas, which earlier this week lifted its forecasts on the back of a strong first quarter, Puma said it got off ...

  Read More »
• 30 April

  RBS suffers increased losses in Q1

  

    London / AFP Britain’s state-rescued Royal Bank of Scotland (RBS) said net losses more than doubled in the first quarter owing to an exceptional payment back to the government. Losses after tax in the first three months of the year stood at £968 million ($1.4 billion, 1.2 billion euros), which compared with a net loss of £459 million in ...

  Read More »
• 30 April

  CIB approves extension for Beltone’s offer for CI Capital

  

    CAIRO / Reuters Egypt’s Commercial International Bank (CIB) approved a two-week extension for an offer by Beltone Financial to acquire its subsidiary CI Capital, CI Capital’s Chief Executive Officer Mahmoud Atalla told reporters. “CIB approved Beltone’s request to extend the period of the offer to acquire CI Capital by two weeks, ending on May 12,” Atalla said. In February, ...

  Read More »
• 30 April

  Egyptian central bank keeps interest rates unchanged

  

    CAIRO / Reuters Egypt’s central bank kept its key interest rates unchanged in its first decision since it raised rates by 150 basis points last month. The bank’s Monetary Policy Committee (MPC) kept the overnight deposit rate at 10.75 percent and the overnight lending rate at 11.75 percent, it said in a statement. Egypt has been struggling to restore economic ...

  Read More »
• 30 April

  ICICI Bank’s profit dips maximum in 15 years as provision levels surge

  

    Bloomberg ICICI Bank Ltd., India’s second-largest lender by assets, reported the biggest drop in quarterly profit in at least 15 years after setting aside reserves on top of bad-loan provisions to cushion future defaults. Net income fell 76 percent to 7 billion rupees ($105 million), or 1.2 rupees a share, for the three months ended March 31, from 29.2 ...

  Read More »
• 30 April

  Saudi central bank’s foreign assets fall $6 billion in March

    Reuters Saudi Arabia’s central bank, which serves as the kingdom’s sovereign wealth fund, reported a fall of $6 billion in net foreign assets in March as low oil prices took their toll. Net foreign assets held by the central bank dropped by 1.0 percent from the previous month to 2.17 trillion riyals ($579 billion) in March, central bank data ...

  Read More »
• 30 April

  The ugly side of beauty

  

    China / Ann The quest for that beauty treatment did have fatal consequences for three Hong Kong women. The medical miscarriages took place over less than three-and-a-half years. Nothing has changed. The city’s beauty industry still is pretty much free to do whatever makes it most profitable. A 46-year-old woman named Chan walked into a DR beauty centre in ...

  Read More »
• 30 April

  Volvo wants UK families to test its self driving cars

  

    Relexnews Following the launch of similar projects in Sweden and China, Volvo is getting ready to start testing autonomous cars on the UK’s roads. When the trial begins in early 2017 it will represent one of the most ambitious tests of its kind on British roads and one that will involve real people with real transport needs. Volvo intends ...

  Read More »
• 30 April

  Germany to boost electric cars with €1 billion scheme

  

      Berlin / AFP Germany will subsidise electric car purchases to give a jolt to sluggish growth in the sector and help meet national climate goals with zero-emission mobility, the government said Wednesday. Car buyers will receive 4,000 euros ($4,500) when they choose a purely electric vehicle and 3,000 euros for a plug-in hybrid, with the cost shared 50-50 between ...

  Read More »
• 30 April

  For the bold and the beautiful !

  

    New York/AP From fairytale princess gowns to feathery mini-dresses, bold skinny trouser looks and showgirl sequins, Bridal Fashion Week had something for brides of every size, shape and style inclination. White reigned, as did classic silhouettes to please the most traditional bride. For everybody else, there were splashes of color, plenty of fluttery floral applique and sparkle, sparkle, sparkle. ...

  Read More »