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(MENAFN - AFP) British bank Barclays has set aside £500 million ($800 million, 634 million euros) linked to global probes into allegations of price-rigging in foreign exchange markets, cutting quarterly net profits, it said on Thursday.

"A £500-million provision has been recognised relating to ongoing investigations into foreign exchange with certain regulatory authorities," ...

30 Oct 2014   Ukraine-Russia gas talks stall 
 
(MENAFN - AFP) EU-brokered talks to resolve a bitter gas dispute between Russia and Ukraine on Thursday appeared stalled as Moscow demanded that Brussels and Kiev first agree on how Ukraine will pay its huge bill to Moscow.

"The European Commission must reach an agreement with Ukraine over the question of financing," Gazprom spokesman Sergei Kuprianov told AFP in Moscow.

"Otherwise, ...

 
(MENAFN - AFP) Royal Dutch Shell posted mixed third-quarter earnings on Thursday, as it weathered sliding oil prices but was buoyed by improved capital efficiency and strong project delivery.

Net profits, or earnings after taxation, dropped five percent to $4.46 billion (3.55 billion euros) in the three months to September, compared with the same part of 2013, the Anglo-Dutch ...

 
(MENAFN - AFP) British bank Barclays on Thursday set aside £500 million ($800 million, 634 million euros) linked to probes into price-rigging allegations in foreign exchange markets, and posted slumping third-quarter net profits.

"A £500-million provision has been recognised relating to ongoing investigations into foreign exchange with certain regulatory authorities," it ...

 
(MENAFN - AFP) Japan's All Nippon Airways (ANA) said on Thursday its half-year net profit soared 78 percent as an expansion of one of Tokyo's airports boosted the carrier's international business.

The airline earned 35.77 billion yen ($328 million) against a 20.07 billion net profit a year earlier, while April-September sales rose 9.1 percent to 854.82 billion yen, it said.

ANA ...

 
(MENAFN - AFP) Lufthansa, Europe's biggest airline, on Thursday cut its profit forecast for 2015 in face of the global economic slowdown.

"When we look ahead, we can see that the economic slowdown and the continuing declines in our passenger yields in the face of fierce competition will affect our operating scope in the year ahead," said chief executive Carsten Spohr.

"This ...

 
(MENAFN - AFP) German chemicals and pharmaceuticals giant Bayer, maker of Aspirin, said Thursday that it is raising its full-year profit targets after a strong third quarter.

"The strong upward trend in the life science businesses –- healthcase and crop science -– persisted in the third quarter," said chief executive Marijn Dekkers.

"We saw robust sales growth ...

 
(MENAFN - AFP) High above the altar in the Vatican's Sistine Chapel, the halo around Jesus Christ's head in Michelangelo's famous frescoes shines with a brighter glow, thanks to a revolutionary new lighting system.

Angels, Sybils and prophets in blues, pinks and golds, once lost in the gloom, are brought into sharp relief by 7,000 LED lamps designed specifically for the prized ...

 
(MENAFN - AFP) Cricket Australia on Thursday reported a strong financial position ahead of the ICC Cricket World Cup in Australia and New Zealand early next year.

Revenue of almost Aus$300 million (US$262 million) is expected to grow to Aus$360 million (US$315 million) by the end of this southern summer season, CA said.

Over CA's four-year reporting cycle that spans ...

 
(MENAFN - AFP) Taiwanese tycoon Wei Ying-chung was slapped with nearly 140 fraud charges on Thursday over his alleged role in Taiwan's latest food safety scare, prosecutors said.

Wei, one of Taiwan's richest men, faces a 30-year jail term if convicted as prosecutors indicted him on 60 accounts of fraud and 79 account of aggravated fraud in addition to violating food safety ...

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