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General Motors Wednesday announced plans to invest 445 million dollars to build a new diesel engine plant in Thailand and to upgrade its existing vehicle assembly plant.
The diesel engine plant, GM's first in South-East Asia, is to be located in Rayong province, eastern Thailand, where the US automotive giant has been operating an...
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Family-owned Danish toy company Lego on Tuesday reported higher sales and doubled earnings for the first six months of 2008.
Pre-tax profit doubled to 564 million kroner (113 million dollars), compared to 212 million kroner for the corresponding business period 2007.
Sales surged 20 per cent to 3.55 billion kroner, the group...
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The assets of Hong Kong budget airline Oasis, which collapsed in April, will go on sale Tuesday, the company organising the auction confirmed Monday.
The assets, divided into 50 lots, include aviation gear and spares and a virtual simulator used to train pilots alongside cabin furnishings such as cabinets, seats and head...
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Spain's second-biggest airline Spanair will cut its staff by about a quarter to 3,000 in reaction to rising fuel prices and the global airline crisis, the carrier said Friday.
Spanair will also cancel nine routes, reduce flights on some other routes and trim its fleet by 15 planes or 24 per cent. Operative bases will be reduced from...
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Turnover and profits increased in second-quarter 2008, shipbuilding group Aker Yards said Friday attributing the development to increased activity at its yards.
Earnings before interest, taxes, depreciation and amortization (EBITDA) totalled 72 million kroner (13.8 million dollars). In the corresponding business period of 2007 the...
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Britain's competition watchdog, the Office of Fair Trading (OFT), Thursday brought charges against four past and present British Airways (BA) executives over price-fixing on fuel surcharges.
The probe would be the first to threaten managers at a leading multinational company with jail, the Financial Times said Thursday. Conviction...
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German sports goods-to-fashion group Puma AG reported Thursday a modest rise in second-quarter earnings ahead of this week's opening of the Beijing Olympics.
Puma said net profit rose to 45.6 million euros (70.5 million dollars) compared to 45.2 million euros in the same quarter last year on the back of strong sales growth in the...
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Shares in Adidas AG rallied
Tuesday after the German sporting goods-to-fashion group reported a
12-per-cent rise in second-quarter net profit after the European
football championships and the Beijing Olympics boosted sales.
The world's second biggest sports equipment maker said net earnings in
the latest quarter rose to 116...
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On-going financial woes
related to the US sub-prime mortgage crisis which have put pressure on
several Hong Kong banks dragged the benchmark Hang Seng index down 2.51
per cent to fall below 22,000 points Tuesday. The index fell 565 points to close at 21,949.75 points. Turnover was 63.99 billion Hong Kong dollars (8.2 billion US...
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The Italian-owned bank
HypoVereinsbank said Monday it had bounced back into the black during
the second-quarter despite the on-going global financial market
tensions. The Munich-based offshoot of Unicredit,
HypoVereinsbank reported that second-quarter net profit came in at 476
million euros (741.32 million dollars) compared to a...
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| Currency |
USD |
EUR |
GBP |
YEN |
| USD |
------ |
0.757 |
0.701 |
97.307 |
| EUR |
1.320 |
------ |
0.926 |
128.479 |
| GBP |
1.426 |
1.080 |
------ |
138.794 |
| YEN |
0.010 |
0.008 |
0.007 |
------ |
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| Symbol | Last | Change | | Dow | 14,047.31 |  40.24 (0.29%) | | Nasdaq | 2,747.11 |  6.12 (0.22%) | | S&P 500 | 1,546.63 | 0.41 (0.03%) | | 10-Yr Bond | 4.529%
| 0.028 | | NYSE Volume | 3,112,411,000 | | Nasdaq Volume | 1,795,889,000 |
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 New BMW-6 Series Coupe and convertible
BMW has launched a convertible and new coupe of the 6-Series
featuring several advanced drive technologies and driver assistance
safety systems.
Both the coupe...
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