World Business News
Samsung Electronics and Panasonic gave a robust outlook on higher demand and cost reductions, sparking hopes that a recovery in the global tech sector will stretch beyond the Christmas retail rush. Data was released on Thursday showed consumer spending rose 3.4 percent in the third ...
Oil prices almost hit $80 a barrel on Friday after a 3 percent rise the previous day. Doubts that oil prices may run ahead of supply and demand fundamentals sparked the fuel rally. U.S. crude for delivery in December fell 29 cents to $79.58 after ...
Oil majors Royal Dutch Shell Plc and Eni reported a big drop in profits on Thursday, announcing it was cutting 5,000 jobs. Shell has reported a net profit drop of 73 per cent in their third quarter, to $2.99 billion. ...
Bombardier Inc will order to supply 100 of its E464 electric locomotives to Trenitalia, an Italian train firm. The locomotives are slated to be delivered between 2010 and 2012. The deal will make Trenitalia the largest single vehicle-type fleets in Europe. ...
Chinese exports appear to be revving up after a slowdown. The Chinese customs agency says exports fell 15.2 per cent to $115.9 billion U.S. in September from the same period a year earlier,however, this was the smallest drop in nine months, indicating global demand may ...
British inflation eased to its lowest annual rate in five years after a small move in energy prices this year compared to last year. The Office for National Statistics said prices had not changed between August and September—the weakest September on record—which allowed the annual ...
Gold has continued its streak against a low American dollar. Gold pushed to an intraday record on Tuesday as the dollar continued to weaken and investors are concerned about inflation. December gold was up to $1,069.99 an ounce as the U.S. budget deficit grows and ...
Chinese Vice President Xi Jinping said on Friday that China will carry on with its fiscal stimulus and monetary policies and the Chinese economic recovery is still building. Xi also predicted that a return to growth across the world would be gradual and also vowed ...
Chinese company Tengzhong may finalize a deal to purchase General Motors’s GM .UL Hummer business for approximately $150 million on Friday. The deal would be China’s biggest brand purchase since Lenovo bought IBM’s PC unit in 2005. ...
Gold prices reached a record high for a third consecutive session in Europe on Thursday as a persistently weak American dollar spurred fund buying of the metal as an alternative. Gold rose to $1,053.30 an ounce. ...
