MORE FROM Markets

German fashion house Hugo Boss said it would focus on opening its own stores and expanding into smaller cities in China as growth in the main driver of the luxury industry slows in 2012.

markets

Chrysler followed its strong first-quarter sales with a big profit, sending its 2009 brush with financial death farther into the rearview mirror.

markets

Asian stocks stalled Thursday as profit taking overtook earlier gains powered by the Nasdaq’s biggest jump this year and the U.S. Federal Reserve’s prediction of modest growth for the world’s No. 1 economy.

markets

Britain and India on Wednesday woke up to a rude shock as the former’s economy fell back into recession and Standard & Poor’s cut the credit rating outlook of Asia’s third largest economy to negative from stable.

markets

Global food prices are rising again, pushed higher by costlier oil, strong demand from Asia and bad weather in parts of Europe, South America and the United States, the World Bank said.

markets

Dubai Aerospace Enterprise, or DAE, on Tuesday said it recorded net income, excluding non-recurring items, of $81.3 million, or Dh298.7 million, for full year 2011, registering an increase of 110 per cent over the net income, excluding non-recurring items, of $38.8 million, or Dh142.6 million, for full year 2010.

markets

ABU DHABI — National Bank of Abu Dhabi reported 12 per cent year-on-year increase in net profits to Dh1.041 billion for the quarter ended 31 March, on better interest incomes.

markets

DUBAI — Dubai Financial Market, or DFM on Tuesday said that the number of new investors registered during the first quarter of 2012 has grown by 93.5 per cent to 2613 investors compared to 1350 investors during the corresponding period of 2011.

markets

Dubai Holding Commercial Operations Group LLC (DHCOG) today announced its audited financial statements for the year ending December 31, 2011.

markets