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Nokia launches tablet, new Asha range

ABU DHABI: Nokia unveiled its first tablet and two large-screen smartphones, known as phablets, at the annual Nokia World event in Abu Dhabi on Tuesday. The Lumia 2520 tablet, along with its Lumia 1520 and 1620 phablets, are among the last products the Finnish company developed to compete with Apple and Samsung before deciding to sell its handset business to ... Read More »

Asian shares rise to five-month high

TOKYO: Australian shares climbed to a five-year peak on Monday, drawing confidence from another record high on Wall Street as investors bet the Federal Reserve will put off winding back its cheap money policies until next year. Many analysts think the Fed will be wary of scaling back its $85 billion-a-month bond-buying programme until the economic impact of a 16-day ... Read More »

Pakistan gets $322m under CSF ahead of Nawaz visit

ISLAMABAD: Two days before Prime Minister Nawaz Sharif’s first official visit to the United States, Pakistan received $322 million under the Coalition Support Fund (CSF) from Washington, According to Finance Minister Ishaq Dar, the State Bank of Pakistan has received the amount as reimbursement for the expenses incurred over supporting coalition forces fighting in Afghanistan. Dar, during his annual meeting ... Read More »

Lenovo signs non disclosure deal to look at BlackBerry: WSJ

TORONTO: Chinese personal computer maker Lenovo has signed a non-disclosure deal to examine the books of troubled Canadian smartphone maker BlackBerry Ltd, the Wall Street Journal said on Thursday, quoting unnamed sources. Smartphone pioneer BlackBerry said in August it was exploring strategic options that could include an outright sale. It has received a tentative $9 a share offer from a ... Read More »

Apple cuts fourth-quarter orders for iPhone 5C: source

TAIPEI/BEIJING: Apple Inc has told manufacturers of its new iPhone 5C that it will cut orders of the smartphone for the final three months of the year, a source familiar with the supply chain situation said. Pegatron Corp, a major manufacturer of Apple’s new phone, had iPhone 5C orders reduced by less than 20 percent, the source told Reuters on ... Read More »

IMF approves $2.3 billion aid for Greece

WASHINGTON: The International Monetary Fund approved a further 1.7 billion euros ($2.3 billion) in funds for Greece’s bailout program after completing the fourth review of the cash-strapped euro zone state. Greece last week adopted the last piece of legislation its international lenders required to release the next batch of rescue loans, after two months of wrangling over unpopular measures to ... Read More »

SYDNEY: Asian stocks rose to six-week high

SYDNEY: Asian stocks rose to six-week highs on Tuesday, led by a rally in Chinese shares, while gold took a breather after its biggest one-day gain in more than a year. MSCI’s broadest index of Asia-Pacific shares outside Japan climbed 1.3 percent to their highest since early June, and Tokyo’s Nikkei erased early losses to be up 0.8 percent. Among ... Read More »

WASHINGTON: Samsung Electronics Co Ltd is close to signing a deal to sell its popular line of Galaxy devices to the US Federal Bureau of Investigation, sources familiar with the situation have said.

WASHINGTON: Samsung Electronics Co Ltd is close to signing a deal to sell its popular line of Galaxy devices to the US Federal Bureau of Investigation, sources familiar with the situation have said. The deal would be a boost for Samsung, which is increasingly seeking to cater to the needs of government agencies, a niche long dominated by Canadian smartphone ... Read More »

MOSCOW: The Group of 20 nations put growth ahead of austerity, seeking to rebalance a multi-speed global economy and pledging to shift policy carefully so recovery is not derailed by volatile financial markets.

MOSCOW: The Group of 20 nations put growth ahead of austerity, seeking to rebalance a multi-speed global economy and pledging to shift policy carefully so recovery is not derailed by volatile financial markets. Finance ministers and central bank governors meeting in Moscow on Saturday put the finishing touches to a joint communique that delegates said was little changed after they ... Read More »

SYDNEY: Japanese stocks led Asian markets up on Monday, while the yen briefly slipped after Prime Minister Shinzo Abe was given a solid platform to continue his aggressive push to reflate the world’s third biggest economy.

SYDNEY: Japanese stocks led Asian markets up on Monday, while the yen briefly slipped after Prime Minister Shinzo Abe was given a solid platform to continue his aggressive push to reflate the world’s third biggest economy. The big win for Abe at Sunday’s election for parliament’s upper house meant he could now focus on implementing difficult economic reforms, the “Third ... Read More »

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