Banking groups Nordea and Handelsbanken report higher loan losses
Stockholm - Nordic banking group Nordea on Wednesday reported a 13 per cent drop in its net profit for 2009, to 2.3 billion euros (3.1 billion dollars), and posted higher loan losses. Swedish rival SEB reported that its net profit declined to 1.1 bil...
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2010-02-10 ] Category : [
Business ]
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OPEC oil price inches back up to 69.76 dollars
Vienna - The Organization of the Petroleum Exporting Countries (OPEC) said Wednesday that its oil price rose to 69.76 dollar on the previous day, regaining some ground after a steep drop in the past days. OPEC's basket price settled 0.90 dollars high...
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2010-02-10 ] Category : [
Business ]
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Sanofi-Aventis reports double-digit rise in profits for 2009
Paris - French pharmaceuticals giant Sanofi-Aventis said Wednesday that its adjusted profits for 2009 rose by 17.9 per cent over the previous year, to 8.47 billion euros (11.66 billion dollars). Total sales for the year stood at 29.3 billion euros, 6...
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2010-02-10 ] Category : [
Business ]
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Greek civil servants' strike closes airports
Athens - Hundreds of flights to and from Greece were disrupted Wednesday as aviation workers joined a civil servants' strike amid the country attempts to tackle a debt crisis that has shaken the European Union and its single currency. The walkout in ...
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2010-02-10 ] Category : [
Business ]
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Philippine shares up more than 2 per cent
Manila - Philippine share prices Wednesday rose more than 2 per cent on the back of Wall Street's strong performance overnight and improved local export figures. The 30-share composite index of the Philippine Stock Exchange added 59.63 points or 2.13...
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2010-02-10 ] Category : [
Business ]
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Australian coal company insists China mega-deal is real
Sidney - Australian mining company Resourcehouse Ltd conceded Wednesday that 60 billion US dollars was its own estimate of the value of a deal to supply China with 30 million tons of coal a year for 20 years. Resourcehouse chairman Clive Palmer was f...
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2010-02-10 ] Category : [
Business ]
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German firms want to place Korean shipping orders on ice
Seoul - German shipowners want to delay taking delivery of vessels they have ordered from South Korean shipyards, a German government official said in Seoul on Wednesday. The owners are also seeking an extension for payment rates already due for the ...
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2010-02-10 ] Category : [
Business ]
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Four hydropower plants to start producing in Laos this year
Vientiane - Four new hydropower plants are scheduled to begin commercial operation this year in Laos, which aims to become the battery of ASEAN in the near future, media reports said Wednesday. The Ministry of Energy and Mines said electricity gene...
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2010-02-10 ] Category : [
Business ]
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US hard-disk drive maker to build factory in Thailand
Bangkok - US-based Hutchinson Technology Inc, one of the world's top three suppliers of hard-disk drives, has invested 4.3 billion baht (130 million dollars) in Thailand to open its first factory outside the United States, media reports said Wednesda...
[Posted on :
2010-02-10 ] Category : [
US (Business) ]
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