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(MENAFN - AFP) Vladimir Putin meets his Ukrainian counterpart and EU leaders here on Friday fresh from warning he could pull the plug on crucial Russian gas supplies to Western Europe this winter.

Ukrainian President Petro Poroshenko said he hoped the breakfast meeting with the Russian leader would help shore up a patchy ceasefire between his government forces and pro-Moscow ...

 
(MENAFN - AFP) Apple, facing tough competition in the cooling tablet market, on Thursday unveiled a new line-up of iPads that feature its mobile payments system and include the fingerprint sensor unlock used on iPhones.

Apple also said at an event at its Cupertino, California headquarters that its mobile payments system known as Apple Pay would be operational Monday, with ...

16 Oct 2014   Google profit dips to $2.8 bn 
 
(MENAFN - AFP) Google said Thursday its profit in the past quarter dipped slightly from a year earlier, even as revenues for the technology giant showed a sharp increase.

Net third quarter profit fell five percent from the same period a year ago to $2.8 billion, while revenue grew 20 percent to $16.5 billion.

Shares in Google tumbled 2.6 percent to $510.85 in after-hours ...

 
(MENAFN - AFP) Wall Street finished little changed after another rocky trading session Thursday, as the market weighed better US economic data against its fears over sluggish global growth.

The Dow Jones Industrial Average declined 24.50 (0.15 percent) to 16,117.24, rebounding after losing more than 200 points earlier in the session.

The broad-based S&P 500 edged ...

 
(MENAFN - AFP) A Spanish judge on Thursday ordered ex-IMF head Rodrigo Rato to pay a three-million-euro bond as a court probes allegations that former bank bosses spent millions on nightclubs, safaris and other treats using company credit cards.

Rato and more than 80 others face possible charges of corporate crimes over allegations that they spent a total of 15 million euros ...

 
(MENAFN - AFP) Oil prices in New York rebounded Thursday after briefly slipping below $80 a barrel, as a mixed US crude inventory report spurred a rally.

US benchmark West Texas Intermediate (WTI) oil for November delivery advanced 92 cents to $82.70 a barrel on the New York Mercantile Exchange.

WTI had slipped to $79.78 a barrel during the session, in the first drop ...

16 Oct 2014   Saudi bank in $6 bn IPO 
 
(MENAFN - AFP) Saudi Arabia's National Commercial Bank is going ahead with an initial public offering worth $6 billion despite opposition from Muslim clerics.

The IPO from Sunday, making NCB the last Saudi bank to go public, is expected to be one of the largest in the world this year.

"It will be very, very highly watched", said Beshr Bakheet of the privately-held Osool ...

 
(MENAFN - AFP) US automaker Chrysler recalled more than 900,000 vehicles for safety issues on Thursday, including for an alternator problem that can cause engines to stall.

Chrysler, the third biggest US automaker and part of Fiat Chrysler, said it will recall about 470,000 vehicles with 3.6 liter V-6 engines to address the alternator problem.

About 90 percent of the ...

 
(MENAFN - AFP) US billionaire investor Warren Buffett's investment company has cut its holdings in British supermarket giant Tesco, which is grappling with falling profits and probe by the financial watchdog.

Berkshire Hathaway has cut its holding in the world's third-biggest supermarket group to below three percent, according to a stock market filing published on Thursday.

Buffett, ...

 
(MENAFN - AFP) European stocks closed mixed on Thursday, with German shares staging a late comeback after fears the eurozone could be heading toward a fresh crisis spread turmoil through markets for much of the day.

London's benchmark FTSE 100 index ended down 0.25 percent at 6,195.91 points, while in Paris, the CAC 40 lost 0.54 percent to 3,918.62 points.

Meanwhile ...

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