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(MENAFN - AFP) Nissan said Monday that its latest quarterly net profit soared 37 percent to $1.1 billion, as strong demand in China and other key overseas markets offset weaker sales at home.

China accounts for about one quarter of Nissan's revenue so demand fluctuations in the world's biggest car market affect the firm more than domestic rivals Toyota and Honda, which report ...

 
(MENAFN - AFP) McDonald's outlets across China have yanked their flagship burgers from the menu, the company said Monday, as the American owner of a key supplier embroiled in an expired meat scandal offered consumers a personal apology.

Authorities in Shanghai last week shut a plant owned by privately-held OSI Group after a television report alleging it mixed out-of-date ...

 
(MENAFN - AFP) Samsung Electronics said Monday it would postpone the roll-out of its new smartphone based on Tizen, a home-grown operating system aimed at breaking away from Google's Android system.

The delay is seen as a blow to Samsung's campaign to carve out a niche in mobile software and services, to complement its dominant hardware role.

The Samsung Z, which has ...

 
(MENAFN - AFP) Russia will use every means to defend itself after the arbitration court in the Hague ordered it to pay $50 billion compensation to Yukos shareholders, Foreign Minister Sergei Lavrov said on Monday.

Energy giant Rosneft, which acquired the assets of Yukos after the jailing of its founder Mikhail Khodorkovsky, said that all its dealings were lawful.

Lavrov ...

 
(MENAFN - AFP) South Korea on Monday reported its second case of foot-and-mouth disease in less than a week, triggering fearful memories of a devastating 2011 outbreak that forced the culling of millions of livestock.

A senior Agriculture Ministry official confirmed the second case in a pig farm in the southeast province of North Gyeongsang, but played down the threat.

"We ...

 
(MENAFN - AFP) Nissan said Monday that net profit for the April-June quarter soared 37 percent to $1.1 billion, crediting robust overseas demand that offset weaker sales at home.

The Japanese automaker said it earned 112.13 billion yen ($1.1 billion), up from 82.0 billion yen a year earlier, as sales rose to 2.47 trillion yen from 2.23 trillion yen.

"Favourable sales ...

 
(MENAFN - AFP) Irish low-fare airline Ryanair, which hit a weak patch last year, reported a strong recovery but downward pressures on fares in a quarterly results statement on Monday.

The airline raised its first-quarter net profits by one and a half times, it said and raised its forecast for the whole year, forecasting rising passenger numbers and falling costs.

Ryanair ...

 
(MENAFN - AFP) The arbitration court in The Hague has ordered Russia to pay shareholders of Yukos $50 billion in compensation over its seizure of the one-time oil giant, main shareholder GML Ltd said in London on Monday.

The Permanent Court of Arbitration (PCA) ruled on July 18 that Russia pay the claimants "in excess of $50 billion" after finding it had forced Yukos into ...

 
(MENAFN - AFP) British household goods firm Reckitt Benckiser (RB) has decided to spin off its US-based pharmaceuticals division, it announced on Monday after a strategic review.

The company will float the unit, RB Pharmaceuticals, on the London stock market later this year, it said in a statement which also revealed that first-half net profits jumped by almost a quarter.

"We ...

 
(MENAFN - AFP) Malaysia on Monday marked a solemn Eid al-Fitr, Islam's biggest festival, as families of those aboard downed Malaysia Airlines flight MH17 mourned the dead.

Prime Minister Najib Razak expressed his "extreme sadness, most profound sympathy and deepest condolences" to MH17 families, as well as relatives of those aboard another Malaysia Airlines jet, MH370, that ...

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