11 Aug 2010 [05:58] Transocean profit hit by BP spill

11 Aug 2010 [05:57] Toyota profits rise after sales recover

11 Aug 2010 [05:56] Adidas profits boosted by World Cup sales

11 Aug 2010 [05:55] Taiwanese computer maker Acer sees profits surge

11 Aug 2010 [05:54] Standard Chartered profits up 10%

11 Aug 2010 [05:53] HSBC sees profits double to $11bn

11 Aug 2010 [05:52] Thai Airways, 4 big shopping centers launch privileges for THAI passengers

11 Aug 2010 [05:51] Cambodia bans imports of pigs, fearing spread of disease

11 Aug 2010 [05:50] Russia to deliver S-300 missiles to Azerbaijan

11 Aug 2010 [05:49] RBS sells 318 branches to Santander

Transocean profit hit by BP spill

Offshore drilling firm Transocean has seen quarterly profits drop due to legal costs and reduced income after the BP Deepwater Horizon oil spill.

It lost its rig in the April blowout, which also resulted in a reduction in drilling in the Gulf of Mexico, where Transocean had 14 other deepwater rigs.
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Posted by CBN Staff on 11 Aug 2010 [05:58] | Tell a friend | Comments 0

Toyota profits rise after sales recover

Japanese carmaker Toyota has reported its biggest quarterly profit in two years, with sales recovering as the company seeks to put the recall of millions of vehicles behind it.

Toyota made a net profit of 190.4bn yen ($2.2bn; GBP 1.4bn) in the three months to June, bouncing back from a 77.8bn yen loss in the same period a year ago.
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Posted by CBN Staff on 11 Aug 2010 [05:57] | Tell a friend | Comments 0

Adidas profits boosted by World Cup sales

German sports goods maker Adidas has reported a jump in profits for the April to June quarter thanks to a sales boost from the recent World Cup.

The company posted a net profit of 126m Euros ($167m; GBP 104m) compared with 9m euro ($12m; GBP 7.5m) a year earlier. Sales were up 13%, reflecting the success of its sales of replica World Cup shirts, boots and balls. Adidas also raised its full-year earnings forecast for a second time this year.
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Posted by CBN Staff on 11 Aug 2010 [05:56] | Tell a friend | Comments 0

Taiwanese computer maker Acer sees profits surge

The Taiwanese computer-maker Acer has posted a 57% rise in net profits to 3.6bn Taiwanese dollars ($113m; GBP 70m) during the April to June quarter from a year earlier.

Revenues for the world's third largest computer company rose 26% to $2.7bn during the period. Acer shares fell 1.6% on Wednesday August 4, ahead of the result. Credit Suisse predicts Acer's sales growth of 15% during the current quarter from the April to June quarter.
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Posted by CBN Staff on 11 Aug 2010 [05:55] | Tell a friend | Comments 0

Standard Chartered profits up 10%

Standard Chartered has reported a 10% rise in first-half profit, helped by a reduction in its impairment provisions for bad loans.

The bank announced a pre-tax profit of $3.12bn (GBP 1.96bn) for the first six months of the year, up from the $2.84bn it made in the same period last year.
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Posted by CBN Staff on 11 Aug 2010 [05:54] | Tell a friend | Comments 0

HSBC sees profits double to $11bn

The UK's biggest bank HSBC has reported pre-tax profits of $11.1bn (GBP 7bn) for the first six months of 2010, more than double its profits for the same time last year.

The bank said it was profitable in every region, except for North America where it saw losses of $80m. In the UK, profits totalled $2.1bn, a rise of 26%. The UK's other major banks Lloyds, Barclays and RBS are due to report their results later this week.
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Posted by CBN Staff on 11 Aug 2010 [05:53] | Tell a friend | Comments 0

Thai Airways, 4 big shopping centers launch privileges for THAI passengers

National flag carrier Thai Airways International Public Company Limited (THAI) and four leading shopping centers on Wednesday launched a shopping privilege campaign, "World @ Thai", for THAI passengers.

THAI currently operates international and domestic flights to 69 destinations in five continents worldwide. The four shopping centers in central Bangkok, which have collaborated with THAI for the campaign, are Siam Paragon, The Emporium, Siam Center, and Siam Discovery.
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Posted by CBN Staff on 11 Aug 2010 [05:52] | Tell a friend | Comments 0

Cambodia bans imports of pigs, fearing spread of disease

Cambodia authorities on Wednesday imposed ban on import of pigs from neighboring countries, fearing the spread of disease.

Srun Pov, president of Association of Pigs Raising in Cambodia, said Wednesday that he had raised the fear of the pig disease spread to Cambodia through the import from Vietnam to the authorities several weeks ago.
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Posted by CBN Staff on 11 Aug 2010 [05:51] | Tell a friend | Comments 0

Russia to deliver S-300 missiles to Azerbaijan

Russia has agreed to deliver S-300 air defense systems to Azerbaijan in a deal worth at least 300 million U.S. dollars, Russian business daily Vedomosti reported Thursday July 29, citing official sources.

Russian state arms exporter Rosoboronexport signed an agreement with the Azerbaijani Defense Ministry for the supply of two S-300 PMU-2 (Favorit) battalions last year. The deal is believed to be the most expensive single purchase of heavy weaponry by a former Soviet State.
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Posted by CBN Staff on 11 Aug 2010 [05:50] | Tell a friend | Comments 0

RBS sells 318 branches to Santander

Royal Bank of Scotland has agreed to sell 318 branches to Santander for a premium of GBP 350m on the assets' value.

The sale includes 311 RBS-branded branches in England and Wales, and seven NatWest branches in Scotland. Spain's Santander already owns the former Abbey, Alliance & Leicester and Bradford & Bingley brands in the UK.
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Posted by CBN Staff on 11 Aug 2010 [05:49] | Tell a friend | Comments 0