• Kuwait's Zain extends earnings slump as Q3 profit falls 18 pct

    Kuwait's Zain extends earnings slump as Q3 profit falls 18 pct
    * Q3 profit 38 mln dinars vs 46 mln dinars a yr ago * Q3 revenue 292 mln dinars vs 294 mln dinars a yr ago (Adds details) By Matt Smith DUBAI, Oct 25 (Reuters) - Zain, Kuwait's No.1 telecom operator by subscribers, reported an 18 percent fall in third-quarter profit on Sunday, extending a sustained earnings slump as increased taxes in Iraq and foreign exchange losses weighed on the bottom line. The former monopoly, which operates in eight countries in the Middle East and Africa, made a net profi
  • Nasdaq may see record with Apple earnings

    Nasdaq may see record with Apple earnings
    The Nasdaq 100 index, dominated by U.S. technology stocks, may set a record high next week, helped by good earnings from Apple Inc expected on Tuesday. Technology shares led the U.S. stock market's recovery this week from its worst correction in four years in August, thanks to gains in Alphabet, Amazon and Microsoft, after the three companies reported better-than-expected earnings results. The Dow Jones industrial average rose 0.9 percent to 17,646.70, the S&P 500 index recovered another 1.1

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