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One of Monsanto's genetically-modified maize cobs (© AFP/File - Jean-Pierre Muller)

EU clears six types of GM maize for animal feed

BRUSSELS (AFP) - European regulators authorised on Wednesday the import of six types of genetically-modified maize for use in animal feed after governments were deadlocked over whether to ban or approve them.

Published 3 days, 6 hours, 22 minutes ago

Chinese 100 Yuan notes being counted in Beijing (© AFP/File - Frederic J. Brown)

Yuan 'substantially' undervalued: IMF official

WASHINGTON (AFP) - The Chinese currency is "substantially" undervalued, a senior IMF official said Wednesday, despite Beijing's action to let the yuan trade more freely.

Published 3 days, 6 hours, 58 minutes ago

A BAE Systems Hawk advanced trainer jet pictured in India in 2005 (© AFP/File - Indranil Mukherjee)

BAE, Rolls-Royce clinch $1.1bn Hawk order in India

NEW DELHI, India (AFP) - BAE Systems and Rolls-Royce clinched Wednesday deals worth a combined 1.1 billion dollars to supply 57 Hawk jets and engines to India, boosting their presence in the nation's vast defence market.

Published 3 days, 7 hours ago

Boeing's second-quarter profit was 787 million dollars, or 1.06 dollars a share (© AFP/File - Roslan Rahman)

Boeing second quarter profit down 21%

NEW YORK (AFP) - US defense and aerospace firm Boeing announced Wednesday a sharp 21 percent drop in second quarter profits, amid falling revenue and fewer deliveries of aircraft.

Published 3 days, 8 hours, 13 minutes ago

On a monthly basis, German inflation came in at 0.2 percent, slightly below expectations for a 0.3 percent gain (© AFP/DDP/File - Timur Emek)

German inflation remains tame in July

FRANKFURT (AFP) - German inflation rose to 1.1 percent this month, higher than the June figure of 0.9 percent but slightly below analyst forecasts for Europe's biggest economy, provisional figures showed Wednesday.

Published 3 days, 8 hours, 16 minutes ago

Finance director Aditya Mittal said that the steel market was continuing to recover progressively (© AFP/File)

Steel giant ArcelorMittal reports strong profits

PARIS (AFP) - ArcelorMittal, the biggest steelmaker in the world, reported unexpectedly strong quarterly profits on Wednesday, with a net result of 1.7 billion dollars (1.31 billion euros) from a loss of 792 million dollars in the same period last year.

Published 3 days, 9 hours, 5 minutes ago

A BAE Systems Hawk advanced trainer jet pictured in India in 2005 (© AFP/File - Indranil Mukherjee)

BAE clinches $779m order for Hawk trainer jets

NEW DELHI (AFP) - BAE Systems signed Wednesday a 500-million-pound (779 million dollar) deal to supply 57 Hawk trainer jets to India's military, boosting its presence in the vast Indian defence market.

Published 3 days, 9 hours, 42 minutes ago

South Korean pedestrians walk past a logo of LG Electronics in Seoul (© AFP/File - Jung Yeon-Je)

S.Korea's LG sees 33% drop in second quarter profit

SEOUL (AFP) - South Korea's LG Electronics Wednesday reported a 33 percent drop in its second-quarter net profit compared to a year earlier as its mobile phone business lost money for the first time in four years.

Published 3 days, 9 hours, 59 minutes ago

China drove growth in the Asia Pacific region, which recorded the most significant improvement in demand last month (© AFP/File)

Airline body says Asian growth boosts air travel

GENEVA (AFP) - International air travel grew faster than expected in June led by a sharp improvement in Asia, airline association IATA said on Wednesday.

Published 3 days, 10 hours, 5 minutes ago

 (© AFP/File - Eric Piermont)

Peugeot switches into profit on strong demand

PARIS (AFP) - French auto group PSA Peugeot Citroen reported a switch into net profit in the first half of the year, announcing a figure of 680 million euros (884 million dollars) on Wednesday from a loss of 962 million euros for the same period last year.

Published 3 days, 10 hours, 19 minutes ago

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