 | Qtel profit down 12% in Q1
on Indosat forex losses QATAR Telecom (Qtel) on
Sunday posted a 12 percent
decline in first-quarter net
profit to QR711.4 million
($195.4 million), on foreign
exchange losses in the
Indonesian unit Indosat.
"Net profit decreased...
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| | Lakshmi Mittal retains title of Britain´s richest man |
 BRITAIN´S wealthiest people saw
their fortunes rise to record levels
last year, according to the annual
Sunday Times Rich List, at a time
when most Britons´ earnings and
savings were squeezed by inflation
and low interest rates.
Lakshmi Mittal retained his
crown as Britain´s richest man
despite losing almost a quarter of
his wealth over the past year following
a fall in the share value of
his ArcelorMittal, the world´s
largest steelmaker.
The combined wealth of Britain´s
1,000 richest people swelled by
almost five percent to more than
414 billion pounds, the highest
recorded by the 24-year-old survey,
the Sunday Times newspaper
said in an advance release on
... | | | China to loan South Sudan $8bn
for infrastructure development |  CHINA has agreed to loan
oil-rich South Sudan eight
billion dollars for infrastructure
development, Juba government
spokesman Barnaba
Mariel Benjamin said on
Saturday.
"It will fund roads, bridges,
hydropower, agriculture and
telecommunications projects
within the next two years," he
said, giving details of a visit
this week to China by South
Sudan´s President Salva Kiir.
"Details of the projects will
be defined by the ministers of
the two countries and by the
Chinese firms in charge of the
work," said the spokesman
for the world´s youngest
nation.
Energy-hungry China is
the largest purchaser of oil
from South Sudan, which
proclaimed independence
last ... | | | Cooling Chinese economy
worries Western firms |  AS China´s economy cools,
some big US and European
companies are losing what
had been one of their surest
growth bets.
Caterpillar, 3M, United
Technologies and ABB are
among the manufacturers
that have reported weak performances
in China in the
first quarter, as economic
growth slowed to a near
three-year-low.
That is making investors
nervous, though some
Western chief executives predict
a return to rapid growth
in China, fueled by the government´s
easing monetary
policy and expansion into
faster-growing cities inland.
Caterpillar´s sales in China
fell by $250 million to $300
million in the first quarter,
forcing the world´s largest
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