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At midday: TSX rises as railways, pipelines gain
2015-11-18 18:50:03| Railroads - Topix.net
Canada's main stock index rose on Wednesday, led by railway and pipeline stocks in a broad-based but relatively shallow recovery from Tuesday's slip. The most influential gainer on the index was Canadian Pacific Railway Ltd, which rose 5.9 per cent to $195.64 after the company made public a proposal to buy Norfolk Southern that it said could help it save $1.8-billion.
Tags: gain
rises
pipelines
railways
Telkom H1 EBITDA rises 15% to ZAR 5 bln
2015-11-16 09:01:00| Telecompaper Headlines
(Telecompaper) South African operator Telkom reported a 15.1 percent increase in its EBITDA for the first half ended 30 September to ZAR 5.04 billion, helped by a 2.3 percent fall in operating costs and smaller losses at its mobile business. Revenues rose 1.2 percent to ZAR 13.46 billion, led by the expansion in the mobile business, where service and subscription revenue increased 41 percent to ZAR 1.2 billion. Headline earnings per share, excluding one-off items, increased 13.9 percent to ZAR 2.81. Telkom said it continued with its efforts to transform the company and stabilise revenue. Operating revenue increased by 5.5 percent compared to the same period last year, spurred on by the continuing growth in the mobile business. Fixed line usage continues to decline, with fixed voice revenue decreasing by about 3 percent compared to the same period a year ago. Data connectivity revenue dropped by more than 5 percent, as more competitors moved to their own infrastructure and Telkom migrated customers from leased lines to new service offerings. Capital expenditure rose by 20 percent year-on-year to ZAR 2.34 billion, on the expansion of Telkom's mobile, fibre and LTE networks. The number of ADSL subscribers increased 4.2 percent to 1.012 million. Active mobile subscribers rose by 11.5 percent to 2.257 million and generated ARPU of ZAR 89.05. During the period, competition increased substantially while the economy remained soft. Telkom said it expects the market challenges to continue in H2, but it will continue with its focus on managing costs and expects the mobile business to be EBITDA positive by year end.
Paris attack suspects may still be at large; death toll rises
2015-11-16 04:39:00| IT Services - Topix.net
The man who Belgium issued an international arrest warrant for is the same man the French National Police issued a warning about on Sunday, according to a spokeswoman in the Paris prosecutor's office. He is Belgian-born French national Abdeslam Salah.
VW repair bill rises as Germany says 540,000 recalled cars need hardware changes
2015-11-09 17:38:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: Germanys transport ministry has said that Volkswagen is likely to need to make more than just software changes to nearly a quarter of its 2.4m diesel cars being recalled in the country as a result of the emissions scandal. The ministry told the Associated Press on Monday that of the vehicles being recalled for fixes in Germany, the Federal Motor Transport Authority currently expects that approximately 540,000 will also need hardware changes. It said Volkswagen will inform owners of the details....
Tags: germany
hardware
changes
cars
Wage rises fail to dent Cambodia garment sector growth
2015-11-05 18:21:00| Daily apparel & textile news and comment - from just-style.com
Cambodia's garment industry continued to perform "solidly" in the first half of this year, with growth in employment, exports and factory openings all helping to dispel concerns that rising minimum wages would cause the sector to falter.
Tags: growth
sector
fail
cambodia
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