Spanish bank BBVA said on Friday that its 2012 net profit had plunged by 44.2 percent to 1.676 billion euros ($2.283 billion) owing to provisions taken against potential losses on real-estate loans.

BBVA, the third-biggest Spanish bank by assets under management, emphasized however that its net banking income had increased by 15 percent to 15.122 billion euros.

Panasonic and Sharp racked up more than $11 billion in combined losses over the nine months to December as the embattled Japanese electronics giants warned Friday there was more bleeding to come.

Japan's battered electronics sector has suffered from myriad problems including a high yen, slowing demand for key export markets, fierce overseas competition and strategic mistakes that left companies' finances in ruins.

Sheikh Jawaan bin Hamad al-Thani, the son of Qatar's Emir, will be the first to own the priciest car in the world, the new Lebanese-designed Lykan Hypersport that was unveiled at the third Qatar International Motor Show.

Sheikh Jawaan chose black as the color for his new $3.5 million acquisition, that cultivated the title of the most expensive new car in the world, formally held by the Bugatti Veyron Super Sports.

Turkish exports to Iran almost tripled in 2012, in large part owing to gold sales, the Turkish statistics agency TUIK said Thursday as Tehran struggles with heavy international sanctions owing to its controversial nuclear program.

Iran took in 6.5 percent of neighboring Turkey's total exports, worth $9.9 billion (7.3 bln euros), to become its third-biggest trade partner, with gold shining as a key item of interest.

The International Monetary Fund will send a staff mission to Greece next month to assess the country's performance under an austerity program backed by an international rescue, an IMF spokesman said Thursday.

The IMF mission will begin discussions in Athens with Greek and European Union officials on February 8, IMF spokesman Gerry Rice said at a news briefing.

Secretary General Anders Fosh Rasmussen on Thursday expressed deepening unease at a growing disparity in defense spending between the United States and European allies due to economic pressures on eurozone governments.

"Defense spending among the allies is increasingly uneven, not just between North America and Europe, but also among European allies," Rasmussen said in an annual address in Brussels.

Dubai-based real estate giant Emaar Properties said Thursday its 2012 net profit rose 18 percent compared on year to $577 million, as its retail and hospitality arms grew robustly.

Revenues increased only slightly to $2.24 billion from $2.21 billion in 2011, with shopping malls and other retail businesses contributing $1.12 billion, which was up 27 percent on an annual basis.

Asian markets were mixed Thursday, with late buying offsetting earlier falls that had been fuelled by losses on Wall Street as U.S. data showed the economy shrank in the final three months of 2012.

The surprise numbers from Washington, the first contraction since mid-2009, saw the dollar weaken further after suffering a sell-off in New York trade.

Greece reeled on Thursday from fresh strikes against austerity measures enacted by the coalition government in return for vital EU-IMF funds to avoid bankruptcy.

Sailors kicked off a two-day walkout, buses and trains were at a standstill and civil servants planned to hold a three-hour work stoppage against the government's cutbacks.

Chinese companies plan to step up investment this year in Europe, which some see as more welcoming than the United States, a European business group said Thursday.

The report by the European Union Chamber of Commerce in China comes as Europe courts Chinese investment in hopes of generating new jobs and shedding its economic malaise.