(MENAFN - AFP) Standard Chartered bank said Wednesday net profit fell more than 16 percent in 2013 and warned of a difficult first half for 2014 following significant challenges for its South Korean operations.
The London-based lender, which makes 90 percent of its profits in Asia, the Middle East and Africa, said net profit was $3.99 billion last year, down 16.65 percent ...
(MENAFN - AFP) Talks aimed at ending a six-week-long platinum miners' strike in South Africa have been suspended after producers rejected a revised wage demand, the companies and mediator said Wednesday.
The negotiations "have been suspended indefinitely to allow stakeholders time to reflect on the current offer," the world's top platinum producer Anglo American Platinum ...
(MENAFN - AFP) South African mobile giant MTN on Wednesday said revenues grew 12 percent last year, driven by increasing subscribers and helped by a weak rand.
Revenues reached 136.50 billion rand ($12.71 billion) for the year and total subscribers were up 9.8 percent at 207.8 million, led by strong growth of 20 percent in Africa's most populous country Nigeria.
(MENAFN - AFP) Carrefour, the world's second-largest supermarket group, said Wednesday net profit rose 2.4 percent last year, helped by strong growth in South America and a recovery in its home market of France.
The company said in a statement that group net profits grew to 1.26 billion euros in 2013 ($1.72 billion), up from 1.25 billion a year earlier.