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Daimler sales, profits rise on C-Class, SUVs

2015-10-22 09:26:45| Automakers - Topix.net

German automaker Daimler AG says net profit fell 14 percent to 2.4 billion euros in the third quarter, due to a large one-time gain a year ago from selling a stake in Rolls-Royce Power Systems Holding. Otherwise the Stuttgart-based company saw record sales for its Mercedes-Benz brand of luxury cars and increasing profits from its ongoing businesses.

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Perth's double whammy: as sea levels rise the city itself is sinking

2015-10-22 07:17:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: Growing demand for water in Perth has caused the city to sink at up to 6mm a year and could be responsible for an apparent acceleration in the rate of sea level rise, according to new research released by Curtin University. The study, published in the Journal of Geophysical Research in October, found that the rate of subsidence in Perth increased between 2000 and 2005, at the same time as the Water Corporation of WA increased the amount of water it was drawing from the citys two main aquifers to...

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Asia Markets: Japan stocks rise, but other Asia stocks struggle after weak U.S. lead

2015-10-21 08:12:08| Agriculture - Topix.net

Asian stocks began mixed Wednesday on weak lead from the U.S., with much of the focus on the start of earnings season after a tough quarter for many companies. "A sluggish U.S. session following equally weak European trade points toward a tepid start to Asian equity markets," said IG Markets strategist Bernard Aw.

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Oil prices drop due to rise in US crude inventories

2015-10-21 01:00:00| Offshore Technology

Oil prices have fallen following an increase in US crude stocks.

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Asos reports small rise in profits

2015-10-20 08:38:56| BBC News | Business | UK Edition

Online clothing retailer Asos has reported a 1% rise in pre-tax profit to 47.5m for the year to the end of August, compared with 46.9m a year earlier.

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