Business news Archive, Page 3

RBS chief to say sorry at vote 5 hours ago

Royal Bank of Scotland's chairman will apologise to shareholders for bringing the bank to its knees at a meeting to vote on a 20 billion pound fundraising plan on Thursday, the Scotsman said. ...more

Daimler to further downsize temporary... 5 hours ago

The German luxury car maker Daimler will reduce the number of its temporary workers in Germany again, a spokeswoman told AFP on Thursday as the company sought to counter the effects of falling demand. ...more

Peugeot to cut more jobs as car crisis... 5 hours ago

PSA Peugeot-Citroen , Europe's second-biggest carmaker, announced a fresh wave of job cuts on Thursday as a decline in European car sales is seen continuing into 2009. ...more

EU agrees agriculture policy reforms 5 hours ago

European Union nations sealed agreement on Thursday to revamp their farm support policy with increases in milk quotas and cuts in subsidies for production. ...more

EU agrees agriculture policy reforms 5 hours ago

European Union nations sealed agreement on Thursday to revamp their farm support policy with increases in milk quotas and cuts in subsidies for production. ...more

High Street Sales Defy The Gloom 5 hours ago

Official figures show High Street sales have fallen - but by far less than many had been expecting.  ...more

Citi to use scalpel not axe in trimming... 5 hours ago

Citigroup is scrambling to slash costs in the face of collapsing investor confidence, but the embattled bank is unlikely to retreat from Asia, its strongest performing region. ...more

BASF owns 94.59% of the Swiss company... 5 hours ago

The German chemical group BASF now owns 94.59 percent of Ciba, a Swiss specialty chemicals company, at the end of a public offer for Ciba shares, BASF said on Thursday. ...more

AstraZeneca to cut jobs and halts generic... 5 hours ago

Anglo-Swedish drugmaker AstraZeneca plans 1,400 job cuts and is closing three plants around Europe as it joins others in the sector tackling increased competition and cost pressures. ...more

Oil price hits 3.5-year low in London... 5 hours ago

Oil prices dropped on Thursday, with Brent crude striking its lowest level for three and a half years close to 50 dollars a barrel in London as traders anticipate a protracted slump in energy demand. ...more

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