Rio Tinto Ltd., the world’s third-largest mining company, said Tuesday that half-year profit more than doubled to a record on strong demand from China for iron ore and other metals.
Profit for the six months through June 30 surged 112.5 percent to $6.91 billion from $3.25 billion the year before, largely due to higher commodity prices […]
Mexico’s economy expanded 2.8 percent in the second quarter, up slightly over 2.6 percent growth in the first three months of the year.
A Thursday statement from the National Statistics Institute said the farming sector led gains, posting 4.4 percent growth from a year earlier amid rising food prices.
Mexico expects growth to slow as the U.S. […]
Customers bought more Whoppers, Cheesy Bacon BK Wrappers and crispy chicken sandwiches in the fourth quarter, driving Burger King’s profit up 42 percent.
But investors weren’t too impressed by the profit gain at the nation’s No. 2 hamburger chain, sending the company’s stock down 7 percent as they focused instead on higher food costs and expenses […]
The Bombay Stock Exchange benchmark Sensex on Wednesday spurted by over 134 points to snap its five-day long losing spree with metal, capital goods and realty sectors attracting buying support amid positive cues in Asian bourses.
The 30-share Sensex, which lost nearly 960 points in past five sessions, rebounded to post a gain 134.50 points at […]
If the Planning Commission and the petroleum regulator have their way, the supply of subsidised LPG cylinders to users of piped natural gas (PNG) will soon stand withdrawn from households across the country.
Currently, PNG supplies are restricted to three states — Maharashtra, Delhi and Gujarat. Supplies in Maharashtra are being made by Mahanagar Gas, in […]
Travel agents across the country will down shutters Thursday to protest against a move by air operators to stop paying commissions on travel bookings, Travel Agents Federation of India (TAFI) said Wednesday.
“We want the airlines to feel and realise that travel agents are indispensable for the aviation industry,” TAFI president Praveen Chugh told IANS.
The protest […]
Macy’s Inc (M.N) reported a 1.4 percent decline in quarterly profit and cut its fiscal-year earnings forecast, warning that cutbacks in U.S. consumer spending could push sales down further at its stores.
The department store operator said it expected a profit of $1.70 to $1.85 per share before one-time items for […]
India’s economic growth will remain robust at around 8 per cent and productive industries will not be denied credit, Finance Minister P Chidambaram said on Wednesday.
“There is no slowdown in the economy. There is no slowdown in any other sector. There is no slowdown in infrastructure and new projects,” Chidambaram told reporters in New Delhi […]
Thomson Reuters said second-quarter earnings fell 54 percent as costs to buy and integrate Reuters cut into profit.
The provider of financial news and professional information said net income fell to $173 million from $377 million a year ago. After paying preferred dividends, per-share income fell to 22 cents from 58 cents.
Revenue rose 73 percent to […]
More banks are tightening lending standards on home mortgages and other consumer and business loans as a deepening credit crisis exerts a heavier toll on the economy.
The Federal Reserve said Monday the percentage of banks reporting tighter lending standards rose across various loan types in its July survey. In April, the central bank had found […]