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France’s biggest bank says net profit fell 52%

France’s biggest bank says net profit fell 52%

February 5, 2016 - 13:54 AMT  09:54 GMT
The bank said it planned to trim its corporate and investment bank to meet stricter financial regulation in Europe.
Toyota reports $5.4bn quarterly profit, raises full-year earnings forecast

Toyota reports $5.4bn quarterly profit, raises full-year earnings forecast

February 5, 2016 - 12:28 AMT  08:28 GMT
Managing Officer Tetsuya Otake said cost reductions and the weaker-than-expected yen offset increased sales expenses.
British Grange Power LLC to build thermal power plant in Armenia

British Grange Power LLC to build thermal power plant in Armenia

February 4, 2016 - 17:02 AMT  13:02 GMT
According to Minister Yervand Zakharyan, about $220 million will be invested in the project; the agreement will be signed within four months.
Shell posts lowest annual income in at least 13 years

Shell posts lowest annual income in at least 13 years

February 4, 2016 - 14:41 AMT  10:41 GMT
Shell scrapped multi-billion projects over the past year to weather the downturn, including program in the Alaskan Arctic Sea.
Gas price reduction not only necessary, but also possible: PM

Gas price reduction not only necessary, but also possible: PM

February 4, 2016 - 13:38 AMT  09:38 GMT
“The recent decline in gas consumption volumes indicates that the company can increase its revenues with lower prices,” the PM said.
Honda recalls 2.2 million vehicles over Takata air bag problem

Honda recalls 2.2 million vehicles over Takata air bag problem

February 4, 2016 - 09:16 AMT  05:16 GMT
Replacement inflators will be sent to high-humidity areas along the U.S. Gulf Coast first, then to the rest of the country.
Iraq-Iran-Armenia road currently under discussion: Minister

Iraq-Iran-Armenia road currently under discussion: Minister

February 3, 2016 - 18:12 AMT  14:12 GMT
Ambassador Sajjadi thanked the Minister for his warm welcome, noting that Iran is ready to expand ties with Armenia in all sectors.
Eurasian Economic Union eyes cooperation with Portugal

Eurasian Economic Union eyes cooperation with Portugal

February 3, 2016 - 15:26 AMT  11:26 GMT
During the meeting, Sergei Sidorsky briefed the Portuguese side on the Union’s main goals and objectives, as well as key areas of cooperation.
Oil price up after Russia says open to talk with OPEC

Oil price up after Russia says open to talk with OPEC

February 3, 2016 - 14:41 AMT  10:41 GMT
Demand for oil proved robust last year, but not enough to absorb near-record supply and ballooning inventories of unwanted crude.
U.S. oil giant Exxon Mobil says profits fell 58%

U.S. oil giant Exxon Mobil says profits fell 58%

February 3, 2016 - 10:37 AMT  06:37 GMT
Oil companies have been trying to cut costs and investments in new projects as they adjust to the sustained fall in prices.
Armenia’s mining industry soars 50,4% in 2015: report

Armenia’s mining industry soars 50,4% in 2015: report

February 2, 2016 - 18:12 AMT  14:12 GMT
Maufacturing of tobacco products increased by 49.1% to AMD 94 bn, with production of jewelry also climbing 61% to AMD 18 bn.
Eurozone unemployment falls to lowest in 4 years

Eurozone unemployment falls to lowest in 4 years

February 2, 2016 - 14:40 AMT  10:40 GMT
While Germany's unemployment rate stands at 4.5%, Greece and Spain remain lumbered by jobless rates above 20%.
EIB lends €51 mln for Armenia’s transport infrastructure

EIB lends €51 mln for Armenia’s transport infrastructure

February 2, 2016 - 13:47 AMT  09:47 GMT
The M6 rehabilitation will help cut travel time as well as improve traffic fluidity and levels of service between Armenia and Georgia.
Private remittances from Russia to Armenia drop by 30.1% to $915.9 mln

Private remittances from Russia to Armenia drop by 30.1% to $915.9 mln

February 1, 2016 - 18:46 AMT  14:46 GMT
Net inflow of remittances to Armenia in the reporting period amounted to approximately $891,4 million, down by 35.8% remitted in 2014.
Tigran Sargsyan takes over Eurasian Economic Commission chairmanship

Tigran Sargsyan takes over Eurasian Economic Commission chairmanship

February 1, 2016 - 14:37 AMT  10:37 GMT
By the decision of the Supreme Council, each EEU member state is now represented by two, instead of three, Board members.
Armenia 54th among 178 countries in 2016 Index of Economic Freedom

Armenia 54th among 178 countries in 2016 Index of Economic Freedom

February 1, 2016 - 12:59 AMT  08:59 GMT
With a Freedom Score of 67.0 points (down 0.1 point), the country has a Moderately Free status and is the 23rd in Europe.
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