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KUALA LUMPUR: Boustead Heavy Industries Corp Bhd posted a turnaround profit of RM15.93mil for its third quarter 2013 from a net loss of RM27.11mil a year ago from higher income by its maintenance, repair and overhaul (MRO) activities, coupled with improved performance by its submarine maintenance segment.
Growth in Europe's biggest economy, Germany, slowed to 0.3% in Q3 on sluggish exports, while its second biggest economy, France, contracted 0.1% from weakened export and lagging business investment.
Janet Yellen, President Barack Obama's nominee to lead the US Federal Reserve, will offer a stout defence on Thursday of the central bank's aggressive monetary easing before a Senate panel that includes some tough Republican critics.
The dollar rebounded in Asia Thursday after suffering a sell-off in New York on remarks from the woman tipped to become the next Federal Reserve chief that indicated the bank will keep its stimulus drive in place.
Motorola is betting that low-cost smartphones can provide the spark to rekindle its struggling business, even as the company's ownership by Google Inc will force it to sit out of China, the world's largest smartphone market.
A year after Prime Minister Shinzo Abe took financial markets by storm with promises to revive the moribund Japanese economy, data showed growth slowed sharply and that his "Abenomics" policy mix is yet to secure a durable recovery.
Japan's economy slowed less than expected in July-September and is expected to pick up pace in the current quarter as consumers spend now to beat a tax rise next year, but business investment came in sharply below market forecasts.