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Ericsson to take $1.2b charge on ST-Ericsson stake

Stockholm: Ericsson, the world’s biggest telecom network equipment maker, will take an 8 billion crown ($1.2 billion] charge on its ST-Ericsson venture, underscoring the uncertainty over the loss-making project after partner STMicro said it was pulling out. Ericsson has been struggling recently with a slowdown in sales at its core network unit due

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S&P: Philippines outlook ‘positive’

Standard and Poor’s raised its outlook on the Philippines’ credit rating to “positive” from “stable” on Thursday, boosting the prospects of a long-sought investment-grade rating as early as next year.

“In our view, the current administration possesses a level of legitimacy, support and stability that reduces political uncertainty and allows for i

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Swiss exports rise, buoyed by sales outside Europe

Zurich: Swiss exports grew robustly in November as strong sales to the United States and parts of Asia helped offset more muted growth in its biggest trading partner Europe, suggesting firms are weathering the effects off strong Swiss franc.

Exports from Switzerland rose by a real 4 per cent year-on-year in November to 18.776 billion Swiss francs,

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S&P: Philippines outlook ‘positive’

Standard and Poor’s raised its outlook on the Philippines’ credit rating to “positive” from “stable” on Thursday, boosting the prospects of a long-sought investment-grade rating as early as next year.

“In our view, the current administration possesses a level of legitimacy, support and stability that reduces political uncertainty and allows for i

Read more...

Swiss exports rise, buoyed by sales outside Europe

Zurich: Swiss exports grew robustly in November as strong sales to the United States and parts of Asia helped offset more muted growth in its biggest trading partner Europe, suggesting firms are weathering the effects off strong Swiss franc.

Exports from Switzerland rose by a real 4 per cent year-on-year in November to 18.776 billion Swiss francs,

Read more...

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Abatera Tours is an expert destination management company that covers all aspects of inbound tourism business including FIT Travel, Leisure groups and Meetings, Incentives, Conferences & Events (MICE)...

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Office No: 302 Wasel Business Centre
Near port Saeeed Etisalat Office Deira, Dubai.

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