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(MENAFN - AFP) China Construction Bank, the nation's second largest lender by assets, said its net profit rose six percent in 2014 from a year earlier, as interest income rose.

Net profit for 2014 was 227.83 billion yuan ($36.69 billion), up from 214.66 billion yuan in 2013, it said in a statement to the Hong Kong stock exchange on Friday.

"Net interest yield rose steadily, ...

 
(MENAFN - AFP) Russia is to sign up to the Chinese-led development bank AIIB, first deputy prime minister Igor Shuvalov said Saturday at an international forum in China, cited by Russian news agencies.

"I'd like to inform you that Russian President Vladimir Putin has taken the decision that Russia will participate in the capital of the Asian Infrastructure Investment Bank ...

 
(MENAFN - AFP) Microsoft said it has purchased the office mobile app LiveLoop, which allows multiple users to collaborate on PowerPoint presentations simultaneously.

The purchase is the latest by tech giant Microsoft, after recent acquisitions of other mobile apps for professional use.

"We are excited to welcome the talented team from LiveLoop to help build great collaboration ...

 
(MENAFN - AFP) Ratings firm Fitch cut Greece's credit rating Friday amid worries that the eurozone country is running perilously close to defaulting on its sovereign debt.

Fitch lowered Greece's rating by two notches to the high-risk level of "CCC" from "B," but said that nevertheless it expected the government would survive its cash squeeze.

"Lack of market access, ...

 
(MENAFN - AFP) Europe resumed its beleaguered Galileo satnav programme on Friday, launching a pair of satellites seven months after a rocket malfunction sent two multi-million euro orbiters awry.

Galileo's seventh and eighth satellites blasted off from Europe's spaceport in Kourou, French Guiana, at 2146 GMT (6:46 pm local time), to join four orbiters already in the constellation.

A ...

 
(MENAFN - AFP) "Bubble" talk returned to Wall Street this week with US stocks falling in part due to worries that biotech and other highflying stocks have risen to unjustifiable heights.

US stocks rallied on Friday, but it was not enough to offset losses the other four days. The Nasdaq Composite Index, which has outperformed the broader market in 2015, fell the most over ...

 
(MENAFN - AFP) US tech giant Intel is in talks with rival Altera on a tie-up to broaden the chipmaker's product line amid growth in Internet-connected devices, the Wall Street Journal reported Friday.

The Journal said such a deal for Altera, with a market capitalization of $10.4 billion before Friday, would be Intel's largest acquisition ever.

Altera, which designs ...

 
(MENAFN - AFP) The Federal Reserve is considering raising near-zero interest rates this year even though this may slow the US recovery, Fed Chair Janet Yellen said Friday.

The Federal Open Market Committee is now "giving serious consideration to beginning to reduce later this year some of the extraordinary monetary policy accommodation currently in place," Yellen said in ...

 
(MENAFN - AFP) World oil prices rose sharply this week as Saudi Arabian jets struck rebel targets in Yemen, sparking fresh supply fears in the crude-rich Middle East.

Many commodities were also buoyed as weak US data sent the dollar sliding, denting confidence in the world's top economy and throwing into question the timeline for a long-awaited Federal Reserve interest rate ...

 
(MENAFN - AFP) Cruise giant Carnival Friday reported better earnings on lower fuel costs as it ordered nine new cruise ships from shipbuilders in Germany and Italy.

Carnival, the world's largest cruise company, ordered five ships from Italian shipbuilder Fincantieri and four ships from Germany's Meyer Werft.

The new ships will be delivered from 2019-2022 and are intended ...

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