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Vodafone Portugal sheds 164,000 mobile customers in Q4

LISBON: Vodafone Portugal saw its organic decline in service revenues slow somewhat in the last quarter of its fiscal year, to 3.4 percent. The operators said it continues to see a decline in mobile service revenue driven by convergence pricing pressure and intense competition, partially offset by strong fixed revenue growth. For the second half of the year to March, ... Read More »

South African shipping sheds 600 jobs, loses R8 billion

DURBAN: South Africa’s shipping industry has hit a major snag, with hundreds of jobs recently being shed instead of created. Major role-players have laid the blame squarely at the door of the government, saying red tape was hindering progress and tying up R8 billion worth of orders. In August, the Daily News reported that Durban was poised to become a ... Read More »

Midday: Bears rein in stocks as KSE sheds 17 points

KARACHI: Opened with a good start, the benchmark Karachi Stock Exchange (KSE) 100-index plummeted to 30054.58 points, shedding 17 points in the midday trading on Friday, the last day of trading week. Earlier, KSE started with bullish trend and reached 30152.45 stage by gaining 80.87 points, with positive change of 0.27 per cent. On Thursday, the major stock exchange of ... Read More »

Opening: KSE sheds 21 points

KARACHI: The investors’ careful trading in wake of the prevailing uncertain political situation in the country Tuesday forced the Karachi Stock Exchange (KSE) 100-index shed further 21 points to stand at 29972.87 points on the second day of trading. Yesterday, KSE 100-index closed shedding 21.93 points to stand at 29993.87 points on the first day of trading. The total volume ... Read More »