Frankfurt: Volkswagen, Europe’s biggest carmaker, said on Wednesday its profits raced ahead by 60 percent in the third quarter on strong demand for its models worldwide.
Frankfurt: The eurozone crisis is increasingly hitting Germany, the top European economy, data suggested on Wednesday with German business confidence falling for the sixth month in a row to the lowest level since February 2010.
Dow Chemical accidently sent a draft of its press release to Bloomberg News reporter, forcing the company to announce a restructuring programme on Tuesday.
Paris: France will support the financial arm of France’s struggling automaker PSA Peugeot Citroen with 5.0 to 7.0 billion euros ($6.5 to $9 billion) in bank guarantees, a source close to the matter told AFP.
Islamabad: The All Pakistan CNG Association (APCNGA) on Tuesday said price of Compressed Natural Gas (CNG) in Pakistan is highest in the region therefore it must brought down in line with other countries in the national interest.
San Francisco: Yahoo! on Monday reported that its quarterly profit rocketed above $3 billion, fuelled by the sale of part of its stake in Chinese e-commerce giant Alibaba.
Oslo: The agreement between BP and Russian oil giant Rosneft announced on Monday is said to give the British group a firm foothold in the Arctic, a region often hailed as a new frontier for oil and gas companies.
Moscow: Rosneft on Monday ceded a fifth of its shares to BP in a $61 billion game-changing deal that will let Rosneft pump half as much oil as Saudi Arabia and make BP a long-term partner of the Russian state.
Tokyo: Japan posted its worst September trade figures in more than 30 years, official data showed Monday, as the global slowdown and a territorial spat with China weighed on the world’s third-largest economy. Tokyo said its monthly trade deficit hit 558.6 billion yen ($7.0 billion), reversing a year-earlier surplus of 288.8 billion yen, data from…
Islamabad: The Oil and Gas Regulatory Authority (Ogra) Sunday formulated new prices of petroleum products and Compressed Natural Gas (CNG), changing prices within week keeping in view the global oil prices.