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Nokia Loss Widens as Smartphone Sales Slump
Embattled Finnish mobile handset maker Nokia Corp. (NOK) extended its heavy losses Thursday as shipments of its new line of Lumia brand phones failed to make up for slumping sales of its older models against a backdrop of intensifying competition from the likes of Apples Inc. (AAPL) and Samsung
Krung Thai Bank 2Q Net Profit up 40.1% On Year at THB7.34 Billion
Krung Thai Bank PCL (KTB.TH) said Thursday its second-quarter net profit rose 40.1% from a year earlier due to higher net interest and fee and service income.
Rate Probe Spreads To Major Europe Banks: FT
An investigation into alleged attempts to manipulate Europe's benchmark interest rate, Euribor, has spread to HSBC Holdings PLC , Credit Agricole SA , Societe Generale SA and Deutsche Bank AG , the Financial Times reported Thursday.
Hero MotoCorp 1Q Net Profit Rises 10% on Highest-Ever Vehicle Sales
Hero MotoCorp Ltd. (500182.BY) Thursday said its first-quarter net profit rose 10% from a year earlier, helped the company's highest-ever quarterly vehicle sales.
Cheung Kong Infrastructure 1st Half Net Profit up 18%; Acquisitions Eyed
A strong performance by Cheung Kong Infrastructure Holdings Ltd.'s (1038.HK) U.K. assets contributed to an 18% rise in the Hong Kong company's first-half net profit, and its chairman said Thursday the utility and infrastructure company has built up a war chest to continue its recent splurge on
Malaysia's Axiata Group: Plan to Raise $1.5 Billion via Islamic Bonds
Malaysia's Axiata Group Bhd (6888.KU) plans to raise around $1.5 billion through sale of Islamic bonds, or sukuk, according to a stock exchange filing Thursday.
Germany Set to Approve Aid for Spanish Banks
German lawmakers on Thursday are expected to approve the Europe Union's latest euro-zone bailout--a major package of loans to refinance Spanish banks--despite growing concern here that German taxpayers are being made to pay the debts of other euro-zone members.
EU Tells Italy To Respect Independence of Telecoms Regulator
The European Commission has sent a formal letter to Italy warning it to respect the independence of the telecommunications regulator after Italy's parliament recently passed a law opening up maintenance of the network, a spokesman said Thursday.
Keppel Corp Net Income Rises 35.4% on Property-Unit Gains
Keppel Corp. (BN4.SG) said Thursday second-quarter net profit rose 35.4% from a year earlier on a higher profit contribution from its property unit.
Chevron, Reliance Sign Preliminary Kurdistan Oil Deal -Sources
Chevron Corp. (CVX) has signed a preliminary deal with Indian conglomerate Reliance Industries Ltd. (500325.BY) that would see the U.S. company take stakes in two oil exploration blocks in the Kurdish region of Iraq, two people familiar with the matter told Dow Jones Newswires Thursday.
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