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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