Business News Stories
FRANKFURT (Reuters) – Germany’s Otto [OTTOG.UL], Europe’s second-biggest e-commerce company, expects a “painful drop” in earnings for the 2014/15 fiscal year as the weak Russian rouble and euro weigh, its chief executive told the newspaper Handelsblatt. The Otto Group, a … Continue reading
* Gulf petrochemicals rise sharply * Saudi Arabia also boosted by lavish royal payout * Retailers surge, likely to see stronger sales * Dubai Investments soars after hiking dividend * Egypt pulls back after fresh violence in Sinai By Olzhas … Continue reading
By Jeff Mason and Kevin Drawbaugh WASHINGTON (Reuters) – President Barack Obama’s fiscal 2016 budget proposes a 19 percent tax on U.S. companies future foreign earnings and a one-time 14 percent tax on roughly $2 trillion of profits being held … Continue reading
(Reuters) – Irish building materials company CRH Plc confirmed that it agreed to pay $7.34 billion (4.9 billion pounds) for assets from cement companies Lafarge SA and Holcim Ltd, the Wall Street Journal reported on Sunday. CRH will fund the … Continue reading
By Paul Carrel and Jussi Rosendahl BERLIN/HELSINKI (Reuters) – German Chancellor Angela Merkel ruled out a debt writedown for Greece on Saturday, and a European Central Bank policymaker threatened to cut off funding to Greek banks if Athens does not … Continue reading
By James Mackenzie and Renee Maltezou ATHENS (Reuters) – New Greek Prime Minister Alexis Tsipras, striking a conciliatory note on debt talks after a turbulent start to office, has called the European Central Bank chief to assure him that Athens … Continue reading
By Koh Gui Qing BEIJING (Reuters) – China’s factory sector unexpectedly shrank for the first time in nearly 2-1/2 years in January and firms see more gloom ahead, an official survey showed, raising expectations that policymakers will take more action … Continue reading
By Joe White (Reuters) – The auto industry’s air bag troubles deepened on Saturday as U.S. federal safety regulators said three big automakers will recall about 2.1 million older vehicles to fix defects that could cause air bags to deploy … Continue reading
Article source: Article Source
Article source: Article Source
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