Microsoft's shares have hit an all-time high after the software firm posted better than expected profits. It registered AED17 billion in profits in the three months to September. Danny Cox of stockbroker Hargreaves Lansdown says that was partly due to Microsoft's focus on cloud computing and mobile services.
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LVMH to sell Marc Jacobs to WHP Global, G-III as buyers raise $850 million
French luxury group LVMH has agreed to sell fashion brand Marc Jacobs to a joint venture between brand manager WHP Global and apparel company G-III Apparel Group, which are raising up to $850 million to fund the deal, the companies said on Thursday.
India caps duty-free gold imports for jewellery exporters to curb demand
India on Thursday tightened rules for duty-free gold imports for jewellery exports by capping imports at 100 kg per licence, the government said in an order.
Warsh wins confirmation as Fed chair, with inflation on the march
The US Senate on Wednesday voted to confirm Kevin Warsh as the chair of the Federal Reserve, paving the way for the lawyer, financier and former central-bank governor to take the reins of the Fed.
Dubai Taxi Company to acquire National Taxi
Dubai Taxi Company (DTC) has announced a major expansion deal, signing an agreement to acquire National Taxi, one of the UAE’s established taxi operators, in a transaction valued at AED 1.45 billion.
Sunny intervals
High: 37°C | Low: 27°C
Sunny intervals
High: 36°C | Low: 26°C
Sunny intervals
High: 37°C | Low: 27°C
