World Business News
BNP Paribas bank announced a 44.8 percent increase in net quarter profits this Thursday, due to strong investment banking and market performance. Net profit was 1.305 billion euros, compared with an expectation of 1.197 billion euros. ...
New car sales in Britain surged by 31.6 percent in October, helped considerably by the state-backed old-for-new scheme. October has seen the biggest monthly increase in registrations in 2009. The scrappage scheme accounts for over 20 percent of them, according to the Society of Motor ...
China’s state-owned CNOOC announced it will buy U.S. oil assets, marking a major step by Chinese energy into the American market. The purchase will involve limited stake in four exploitation licences and for deep-water blocks. ...
Gold prices rose to a record peak of $1,093.10 dollars an ounce in trading in London on Wednesday in the aftermath of the IMR’s sale of precious metal to India. Gold and other commodity prices have been rising in recent months amid a weakening dollar. ...
French oil producer, Total, reported on Wednesday a third quarter net profit fall of 54 percent on a year earlier due to a slump in the price of oil. Despite the plummet, results were slightly better than had been expected by analysts. The oil ...
The two largest retail lenders have agreed to a massive shake-up of the banking sector that will see both companies sell hundreds of their branches and key businesses to assuage concerns of EU over state aid and compensation. ...
Opel has announced an agreement has been reached to make cost cutting contributions worth $390 million a year to ease the auto maker’s sale to a consortium led by Magna. An important part of the agreement is the aim of doing everything to avoid plant ...
World oil prices retreated Tuesday as the market was hit by sliding European equities and the rising dollar. The strengthening dollar makes dollar-priced crude more expensive for purchasers holding foreign currencies, which puts a damper on oil demand. ...
World oil prices boosted on Monday, partly aided by positive manufacturing data from China, which is the second biggest consumer of energy in the world, after the U.S. A reading on the China Manufacturing PMI, pr purchasing managers index, has risen to 55.4 in October, ...
HSBC Holdings since has announced it is consideration acquisition opportunities in emerging markets in China. HSBC is setting out to have 100 outlets in China at the end of the 2009, 13 additional outlets from current number. ...
