Ericssons Core Profit Misses as Rising Costs Hit Margins

Gross margin falls to 42.1 from 43.4 Core earnings 7.3 bln crowns vs forecast 8.01 bln crowns CEO says to increase prices Shares fall 11 STOCKHOLM, July 14 Reuters Ericsson, the Swedish telecoms equipment firm facing bribery investigations, reported a rise in secondquarter core earnings on Thursday that missed expectations as margins were hit by […]
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Singapore Q2 GDP Rises 4.8 yy, Missing Forecasts

SINGAPORE, July 14 Reuters Singapore39;s economy grew slower than expected in the second quarter, preliminary data showed on Thursday. The Asian financial hub39;s economy grew 4.8 in AprilJuly, according to advance estimates from the Ministry of Trade and Industry MTI, faster than the 4.0 revised growth figure seen in the first quarter, but missing forecasts. […]
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Australia Unemployment Dives to 48Year Low as Jobs Boom

SYDNEY, July 14 Reuters Australia39;s unemployment rate dived to a 48year low in June as hiring outstripped all expectations, while record vacancies suggested the labour market was set to tighten yet further and perhaps justify even larger increases in interest rates. Figures from the Australian Bureau of Statistics on Thursday showed net employment had surged […]
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