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(MENAFN - AFP) Australian shopping centre giant Westfield Corp. on Wednesday posted a US$582 million half-year net profit, driven by growth in income from its flagship American and British malls.

The firm, with manages Westfield Group's international interests after its Australian and New Zealand assets were spun off into a separate entity, said cash flow from operations ...

(MENAFN - AFP) After US President Barack Obama vetoed a bill to expedite construction of the Keystone XL pipeline Tuesday, petroleum producers are expected to turn to Canadian routes to ship oil internationally, but hurdles stand in the way of those projects as well.

Canada is the fifth largest oil producer in the world, with offshore and shale oil fields and the Alberta ...

(MENAFN - AFP) Consumer Reports named the luxury electric Tesla S its top car for the second straight year, calling the market-shaking sedan a "technological tour de force."

The annual top-10 ranking, based on independent road performance, reliability and crash tests, also gave top category honors to three Subaru models, a landmark sweep for the small Japanese maker.

But ...

(MENAFN - AFP) US computer giant Hewlett-Packard on Tuesday reported a drop in profits in the past quarter and said the strengthening dollar was likely to hurt its finances this year.

The company, in the midst of a years-long turnaround effort, said profit in the three months ending January 31 dropped four percent to $1.4 billion.

Revenue fell five percent to $26.8 ...

(MENAFN - AFP) Google Android dominated the global smartphone market in 2014, holding an 81.5 percent market share, with Apple's iOS second and no strong third player, market tracker IDC said Tuesday.

Despite Apple's late surge on its newly released iPhones, the California giant saw its market share for the year drop slightly to 14.8 percent. The fourth quarter was better ...

(MENAFN - AFP) An HIV prevention pill taken by gay men before and after sex reduced the risk of virus transmission by 86 percent, according to the results of a clinical trial released Tuesday.

Truvada contains HIV treatment drugs tenofovir and emtricitabine, and is made by Gilead Sciences in California. In the study Truvada was taken up to one day before sex and the two days ...

(MENAFN - AFP) The World Health Organization on Tuesday appealed for $1.0 billion in additional funds to help provide life-saving health services to millions in need in conflict-ravaged Syria, Iraq, Central African Republic and South Sudan.

"Raging conflict and beleaguered health services are threatening the health of tens of millions of people" in the four countries, WHO ...

(MENAFN - AFP) Cuba's renowned cigar makers could export at least $250 million to the United States yearly if the five-decade embargo on the communist island is lifted, a top executive said Tuesday.

While the current US Congress looks unlikely to lift the embargo, the historic rapprochement announced in December by US President Barack Obama and his Cuban counterpart Raul ...

(MENAFN - AFP) Barack Obama issued the most significant veto of his six-year presidency Tuesday, blocking legislation allowing the Keystone XL oil pipeline to be built between Canada and the United States.

In defying the Republican-controlled Congress, Obama made good on a long-standing veto promise and set the stage for a battle in the 2016 presidential election.

The ...

(MENAFN - AFP) Janet Yellen said Tuesday that the Federal Reserve can still be patient before raising interest rates, even as she prepared the ground for an increase as early as mid-year.

With the markets' guessing game over a rise in the federal funds rate intensifying, the Fed chair told a US Senate panel that the central bank was deep in preparation for the move after ...

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