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Lufthansa warns of Lower Profits amid Debt Crisis
German airline Deutsche Lufthansa AG on Thursday warned of lower profits this year due to high fuel prices and…
Japanese Yen hits an 11-month US Dollar low
The yen has hit an 11-month low against the dollar as the US currency strengthened on hopes of a recovery in the…
China Mobile Profits rise in 2011
Profits at China Mobile, the world's largest mobile operator by subscribers, have risen by 5% as its customers…
E.On: ‘Past The Worst’ Amid Annual Loss
The Energy company E.On has claimed it is "past the worst", but still made an annual loss in 2011. The German firm…
Tesco UK CEO to quit amid Profit Warning
Tesco PLC (TSCO.LN) Thursday confirmed that Richard Brasher, chief executive of its U.K. operations, will step down…
KSA pledges to fill “perceived or real” Oil Supply Gap
Top oil exporter Saudi Arabia stands ready to fill any oil supply gap - "perceived or real" - as oil prices rally…
Egypt Gas Disruptions cost Israel $ 3.97 billion: Israeli Finance Ministry
Israel’s Finance Ministry says the cost includes NIS 12 billion ($ 3.18 billion) to buy alternative fuel, and NIS 3…
Oriental Weavers post Profits of L.E 260 million in 2011
Recording a decline of 27.9%, Oriental Weavers (OW) (ORWE) has posted total net profits of L.E 260 million during…
E.ON to adjust Terms of Statoil Gas Purchase Deal
Germany’s E.ON AG said Wednesday it has reached an agreement with Norwegian natural gas producer Statoil…
Sharp assigns New President, Shares rally
Sharp Corp.(JP:6753) +4.32% (SHCAY) +0.98% on Wednesday announced Takashi Okuda will take over as…