The company is controlled by the family of Mexican billionaire Carlos Slim. Carlos Slim said revenues rose 3.3% to 217.391 billion pesos. America Movil added 1.8 million postpaid customers. And 1.3 million new prepaid subscribers. America Movil (AMXL.MX), Mexican media communications gave an account on Tuesday that its subsequent quarter net benefit plunged 68% to … Read more
Oil prices fall in early Asian trade, paring gains from the previous session. Fears of global recession weighed on the market even as supply remains tight. OPEC output is a long way off the pledged increase of about 275,000 BPD. Libya faces further supply disruption due to political unrest. Oil prices fell in early Asian … Read more
Prices nationally fell 0.6% in June from May, when they dipped 0.1%. Annual growth slowed to 8.7% has been above 20% early this year. Once red-hot markets in Sydney and Melbourne felt the chill from rising interest rates. Australian house prices slipped for a second month in June as once scorching business sectors in Sydney … Read more
CAIRO: Egypt’s headline inflation, covering urban consumer price, decreased to 6.3 per cent on an annual basis in October from an annual rate of 6.6 per cent in September, Arab News quoted CAPMAS, the country’s statistics agency, as saying. The decrease in the headline inflation is attributed to a weaker non-food inflation, which fell to … Read more
FRANKFURT: German exports fell for the second month in a row in September, as Europe’s top economy grapples with global supply shortages, official data showed on Tuesday. Germany exported 112.3 billion euros ($130.2 billion) worth of goods in September, adjusted for the season, a 0.7 per cent drop from the previous month, according to federal statistics … Read more
WASHINGTON: Output by US industries fell 1.3 per cent last month amid continued supply constraints hindering manufacturing, the Federal Reserve reported on Monday. Declines were apparent across multiple categories, but stark in the auto sector, with production of motor vehicles and parts falling 7.2 per cent “as shortages of semiconductors continued to hobble operations,” the … Read more
United States Oil Prices on Tuesday witnessed the fall of almost 20% amid intensifying fears about dwindling storage capacity worldwide. Media reports said West Texas Intermediate, the U.S. benchmark, slipped over 19%, or $2.5, to trade at $10.22 per barrel, while international benchmark Brent crude traded 4.5% lower at $19.09 per barrel. Economy Experts say that … Read more
