Bank of America achieves net income of $4bn in Q2
New York - QNA
A cost-cutting programme and better conditions in capital markets helped Bank of America achieve a second-quarter profit of 4 billion dollars, the company said. The quarterly profit was 63-per-cent higher than the same period in 2012. The bank’s revenue grew to 22.9 billion dollars, a 3-per-cent gain, led by higher net interest income. The second-largest US bank said deposit balances were up 4 per cent companywide from the year-ago quarter to 1.1 trillion dollars. The cost-cutting programme reduced the payroll at Bank of America from 275,000 employees a year ago to 257,000.
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HSBC in $100 million forex fraud settlementGMT 14:14 2018 Wednesday ,17 January
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BCCI elections committee holds second meeting
With Job Cuts, China Deal
France's Carrefour revamps operations
Paris - Emiratesvoice
France's Carrefour group said Tuesday it is overhauling its business in a transformation plan involving thousands of job cuts, a product revamp and new partnerships in China. Carrefour, which was the world'sTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Emiratesvoice
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onIn Olympic Spotlight
'Friendly and kind' N. Korean skaters
Taipei - Emiratesvoice
North Korea's figure skaters Ryom Tai-Ok and Kim Ju-Sik are "friendly and kind and a little bit shy", South Korea's Kim Kyueun said Tuesday ahead of their hugely anticipated Olympic appearance. The skater is competing with her partner Alex Kam in theFor $11.6 Bn
Sanofi buys US haemophilia treatment
Paris - Emiratesvoice
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances its presence in specialtyParis show pays homage
to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
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Ariana Grande will perform at Aretha Franklin’s funeral
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Sophisticated Classic Dining Room Design Ideas
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The Saudi-led Arab Coalition Forces have targeted a meeting of Houthi commanders in Beit Al Faqih, Hodeidah, killing scores of the
GMT 08:55 2017 Wednesday ,04 October
Jalal Talibani, first Kurdish president of Iraq, dies at 84
GMT 09:09 2017 Sunday ,17 September
Ministry seeks to improve education
GMT 10:14 2017 Tuesday ,31 January
Hala Sedky to appear in Ramadan 2017 series
GMT 09:59 2017 Wednesday ,01 February
Hala Sedky happy for reaction on latest film
GMT 05:59 2017 Wednesday ,07 June
Egypt's non-oil business suffers, but exports rise
GMT 20:34 2017 Saturday ,11 March
General strike shuts much of southern Nepal after 3 killed
GMT 04:05 2017 Monday ,13 February
ERC presents sophisticated medical equipment to Al Mukalla Hospital
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Royal decree eases restrictions against Saudi women
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Saudi tycoon TV channel
GMT 11:30 2016 Tuesday ,13 December
Nainggolan fires Roma past 'unlucky' AC Milan
GMT 10:48 2017 Sunday ,10 December
Premier restructures National Anti-Narcotics Committee
GMT 17:29 2017 Friday ,17 November
Bahraini, Jordanian monarchs hold talks
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