World Business News
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. ...
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. ...
