Samsung profit surges on smartphone sales

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Source: Bloomberg
Samsung Electronics Co. reported its 4th quarter profit added 17% on accelerating sales of smartphone. The company posted net income of $3.6 bn compared to a $3.42 bn a year before. Sales revenue grew 13%, reaching 47.3 trillion Won. Samsung Electronics shipped more smarthphones than did Apple. The popularity of Galaxy smartphone helped company to sell around 300 million devices. 
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Fri, 27 Jan 2012 10:11:54 GMT

More funds may are needed to rescue Greece

The EU may need more money to reduce the public debt of Greece to about 120% of the GDP by 2020, said Olli Rehn, the Economic and Monetary Affairs Commissioner. He also expects Greece to reach a consensus with private bondholders on the debt swap before the end of January. At the same time, the EU and IMF have to

Fri, 27 Jan 2012 09:01:48 GMT

Trade balance in New Zealand increased in December

The trade balance of New Zealand increased unexpectedly in December, reported Statistics New Zealand. The trade balance soared to NZD 338 million from November's reading of NZD 308 deficit. Experts projected a deficit of NZD 50 million. Exports hit the record of NZD 4.38 billion from NZD 3.91 billion in November, while imports declined from a record high NZD 4.22

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