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Japan's Mitsui, Marubeni keep FY earnings forecasts, cut metal estimates

2014-11-06 17:22:06| Chemicals - Topix.net

Japanese trading houses Mitsui & Co and Marubeni Corp stuck on Thursday to their full-year net profit estimates but cut the forecasts for their metals business on a slump in iron ore and coal prices. They also reported a rise in net profit for the April-September period, with Marubeni, the third-biggest trading house by sales, posting a record profit as the weak metal performance was offset by growth in other businesses.

Tags: metal cut estimates earnings

 

Minister calls for fuel price cut

2014-11-06 01:01:15| BBC News | Business | UK Edition

Treasury minister Danny Alexander is to urge major fuel retailers to drop their prices after recent falls in the cost of oil.

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Asia stocks lower after Europe growth cut

2014-11-05 08:56:13| Oil & Gas - Topix.net

Asian stock markets mostly fell Wednesday as oil's fall to a three-year low weighed on energy companies and weaker European growth forecasts dampened sentiment. KEEPING SCORE: Hong Kong's Hang Seng fell 0.6 percent to 23,715.82 and South Korea's Kospi was down 0.2 percent to 1,931.43.

Tags: lower europe growth cut

 

VIDEO: Rolls-Royce to cut 2,600 jobs

2014-11-04 20:35:19| BBC News | Business | UK Edition

Engineering group Rolls-Royce says it is planning to cut 2,600 jobs over the next 18 months.

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Rolls-Royce to cut 2,600 jobs

2014-11-04 15:23:53| BBC News | Business | UK Edition

Engineering group Rolls-Royce says it is planning to cut 2,600 jobs over the next 18 months. mainly in its aerospace division.

Tags: jobs cut rollsroyce

 

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