US computer chip group Intel beat Wall Street’s expectations with a 29 percent year-on-year net profit increase when it published Q1 earnings late on Tuesday.  The reported net income was $3.16bn or 56 percent per share compared to $2.44bn or 43 percent the previous year. Intel saw a 25 percent rise in revenue to £12.8bn from […]

Despite ongoing global financial tremors, Jordan Islamic Bank continues to grow with a rise in deposits, financing and assets, writes Adrian Holliday

Apple has filed a lawsuit against South Korean electronics group Samsung alleging its mobile phones and tablet computer are a copy of its iPhone and iPad. The case against Samsung was filed by Apple on Friday at the US District Court for the Northern District in California but details were not released until Tuesday when the […]

Banif Investment Managers has positioned itself as an innovative investment manager, says Raul Marques

With record numbers for its backlog, order intake and sales
in 2010, Vestas has cemented its position as the world’s largest
wind turbine manufacturer, writes Frud Bezhan

While western markets keep the pharmaceuticals industry
healthy, emerging markets are acting as the vitamin supplement
that gives energy and growth, says Andreas Tesch

After 16 years of solid economic growth, Trinidad and Tobago successfully weathered the international financial crisis and is projected to report GDP growth of 2.5 percent for 2010

Enel confirms its global commitment to the fight against climate change and the safeguarding of the environment

Arab Financial Brokers is one of the leading forex brokers in the world, providing forex trading, Islamic investment and online brokerage opportunities to customers worldwide

Major infrastructure projects and good prospects for an upturn in
income and jobs are attracting investors

Swiss medical device manufacturer Synthes said on Monday it is in preliminary takeover talks with health conglomerate Johnson & Johnson.  The deal could be worth up to $20bn and if completed would be one of the largest healthcare takeover deals in recent years, according to sources familiar with the process. The company said in a statement: […]

Nestlé, the world’s biggest food group by sales, saw a 9 percent drop in Q1 sales to CHF22.26bn compared to CHF22.34bn the previous year, the company announced on Friday. The decrease in sales were due to the sale of its Alcon eye care business and foreign exchange rates by the Swiss franc which has been trading […]

Glencore, the world’s largest commodities trading group by revenue intends to sell between $9bn-11bn in shares in its IPO on the Hong Kong and London stock exchanges, the Swiss company announced on Thursday. The group will use in the next three years around $5bn of the profits from the IPO for capital expenditure and around […]

JPMorgan Chase, the second largest bank by assets in the US, beat forecasts from Wall Street analysts by reporting a 67 percent rise in Q1 profits, bringing figures to $5.56bn compared with $3.33bn in the same period last year. The jump in results was attributed to an increased performance from the credit card group and […]

The Russian half of the Russian-British TNK-BP joint venture is threatening to file a law suit for up to $10m against its parent company BP, saying BP breached its shareholder agreement for going straight to state oil company OAO Rosneft rather than through TNK-BP, sources said. Rosneft and BP signed a share swap deal in […]