A view of the business district in Tokyo. Agence France-Presse
Japan’s household spending rose less than expected in February and real wages tumbled at the fastest pace in more than three years, raising concerns about the hit to the consumer sector from heightening global uncertainties. The data is likely to be discussed by policymakers worried that risks to the export sector from ongoing trade disputes may discourage firms from raising wages, which in turn would hurt consumption.
Paul Bocuse is revered in France as the ‘pope’ of the country's treasured cuisine, and gained international recognition in part for his revolutionary ‘Nouvelle Cuisine’ in the 1970s.
The abdication of Japan's outgoing Emperor Akihito and the enthronement of his son Naruhito will be solemn, ritual-bound affairs complete with sumptuous clothing and sacred paraphernalia.
Etisalat Group on Tuesday announced that its consolidated revenues amounted to Dhs13 billion and consolidated net profit after Federal Royalty amounted to Dhs2.2 billion representing a year over year (y-o-y), increase of five percent and resulting in a net profit margin of 17 per cent.
The fourth Annual General Meeting (AGM) of Emaar Malls, approved the distribution of Dhs1.301 billion ($354 million) dividend, representing 10 per cent of the share capital being 10 fils per share, to the shareholders.
Investors on Tuesday traded with caution anticipating a further rise in the international oil prices, and conclusion of the third and largest phase of the general elections. Sensex ended 80 points lower after a range-bound movement throughout the day’s trade.