- Aramco growing less optimistic on pace of oil output recovery: Report
- WPI inflation unchanged at 1.08% in Aug, gives RBI room for rate cut
- Reliance Communications unit misses bond payment, files for bankruptcy
- Apple takes on EU's powerful antitrust chief in world's biggest tax case
- SBI Chairman slams 'selfish' private sector bank for Altico crisis
June 14: Through the camera lens
June 14: Through the camera lens
An advertisement on the Apple Inc. website is seen on a MacBook Air computer in New York
Apple Inc will start selling its latest Macbook Air in late June with 380,000 units as the first shipment, Taiwan's Economic Daily said on Tuesday quoting industry sources.
The newspaper said together with the existing model of Macbook Air, 460,000 units were expected to be shipped this month.
In Taiwan, Quanta Computer, the world's top PC contract maker who manufactures for Apple surged 2.5% by mid-session on Tuesday after the report. Catcher Technology which does casings for Apple, rose as much, jumping 1.9%.
The Economic Daily also reported that the iPad3 scheduled to be launched in the fourth quarter would have image resolution 5-6 times higher than iPad2.
The Facebook logo is shown at Facebook headquarters in Palo Alto, California
Facebook is preparing to file for an initial public offering as early as October or November that could value the popular social networking site at more than $100 billion, financial news channel CNBC reported on Monday.
Goldman Sachs is leading the chase to manage the lucrative offering, which could come in the first quarter of 2012, CNBC said.
With more than 500 million users, Facebook is the world's most popular Internet social network and one of the most hotly-anticipated initial public offerings on Wall Street.
Facebook, whose chief operating officer last month told Reuters that an IPO was "inevitable," declined to comment on the latest report about its timing for an offering.
Anticipation about a Facebook's future plans comes at a time of heightened investor appetite for shares of fast-growing social networking companies.
The Glencore logo is seen on a sign in front of Swiss commodities trader Glencore building in Baar near Zurich
Commodities trader Glencore saw operating profit jump 45% in the first quarter as market volatility boosted its marketing arm and said it sees demand for commodities remaining healthy.
Glencore, the world's largest diversified commodities trader said marketing activities were boosted by a strong performance from its oil and grain divisions that outweighed a lower contribution from its metals and minerals divisions.
"Despite the recent commodity price volatility, the directors believe that underlying fundamentals across many of our key commodities are supportive and that economic activity and demand for commodities remains healthy," it said.
Reporting its first set of results since it listed in a record initial public offering last month, the group said adjusted earnings before interest and tax (EBIT) rose to $1.8 billion from $1.2 billion
The Honda logo is displayed during the second media day of the 80th Geneva Car Show at the Palexpo in Geneva
Honda Motor Co forecast a 65% fall in annual operating profit on Tuesday, hampered by a lingering disruption to vehicle production from the March 11 earthquake.
Japan's third-biggest automaker expects an operating profit of 200 billion yen ($2.49 billion) in the business year to March 31, 2012, lagging by far a consensus forecast of 407.2 billion yen, according to a post-quake survey of 20 analysts by Thomson Reuters I/B/E/S.
It expects net profit, which includes earnings from China, to decline 63% to 195 billion yen, assuming an average dollar rate of 80 yen and a euro rate of 110 yen for the year.
French Finance Minister Christine Lagarde talks during a news conference in Cairo
The IMF board on Monday shortlisted French Finance Minister Christine Lagarde and Mexican central bank chief Agustin Carstens for the IMF top job and disqualified Israel's Stanley Fischer due to his age, two board officials told Reuters.
The officials, who requested anonymity because the announcement had not yet been made official, said there was not enough support to change the fund's rules to allow the 67-year-old Fischer, Israel's central bank governor, to run. IMF rules carry an age limit for first-time managing directors of 65 or older.
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