Limeroad raises $30 mn funding following robust revenue growth

Last Updated: Monday, March 30, 2015, 17:40

Limeroad has raised USD 30 million Series C funding following rapid growth in community engagement, scrapbook creation and revenue growth, the company said in a statement on Monday.

Clash of Clans maker sees revenues hit 1.5 bn euros

Last Updated: Tuesday, March 24, 2015, 23:07

The maker of hit game Clash of Clans said Tuesday its revenues shot up to 1.55 billion euros ($1.6 billion) in 2014, a 130 percent bound over the prior year.

Adobe adds fewer-than-expected Creative Cloud subscribers, shares fall

Last Updated: Wednesday, March 18, 2015, 09:30

Photoshop maker Adobe Systems Inc reported a lower-than-expected rise in subscriptions for its Creative Cloud software suite and forecast a second-quarter profit that missed the average analyst estimate.

Dubai property giant Emaar`s 2014 profit rises 28%

Last Updated: Sunday, February 15, 2015, 20:39

Dubai-based developer Emaar Properties Sunday reported increases in its net profits last year and the fourth quarter on the back of robust performance and strong revenues from its shopping malls.

Baidu revenue falls short of estimates as customers go mobile

Last Updated: Thursday, February 12, 2015, 08:39

Mobile revenue represented 42 percent of total revenue, up from 36 percent in the third quarter, Baidu said.

Genpact Q4 Net declines 6%; pegs 2015 revenue at $2.46-2.5 bn

Last Updated: Thursday, February 5, 2015, 19:54

The firm had posted a net profit of USD 48.8 million in the year-ago period, it said in a statement.

Intel forecasts disappointing revenue; shares fall

Last Updated: Friday, January 16, 2015, 08:17

Chipmaker Intel Corp forecast revenue and gross margins for this quarter that disappointed investors, sending its shares down 2.7 percent in extended trading.

Russian central bank sold $76 bn to prop up ruble in 2014: Data

Last Updated: Monday, January 12, 2015, 15:58

The ruble`s fall plus Russian sanctions on most Western food imports led to price rises of 11.4 percent in 2014.

EU criticises Israel on Palestinian tax freeze

Last Updated: Tuesday, January 6, 2015, 23:44

The EU criticised Tuesday Israel`s decision to freeze Palestinian Authority tax revenues in retaliation for joining the International Criminal Court and called on both sides to avoid steps that could undermine peace efforts.

Russia hikes key rate to 17% after record ruble tumble

Last Updated: Tuesday, December 16, 2014, 09:49

The Russian central bank early Tuesday announced a dramatic hike of its key interest rate from 10.5 to 17 percent after the ruble plunged to a fresh record low.

Adobe to buy stock photo firm, posts revenue above Street

Last Updated: Friday, December 12, 2014, 08:20

The company said it would integrate Fotalia, a marketplace which offers royalty-free stock photos and video, with Creative Cloud to raise average revenue per user at the business.

US 2013 deficit falls to $680 bn, half of 2009 peak

Last Updated: Thursday, October 31, 2013, 09:38

The US budget deficit plunged 37.5 percent in fiscal 2013 to less than half its level four years ago on sharp spending cuts and surging revenues, the Treasury said Wednesday.