Frankfurt: German cement maker HeidelbergCement will raise prices and seek more savings to offset higher energy costs and an uncertain economic outlook, it said on Thursday.
Frankfurt: German cement maker HeidelbergCement will raise prices and seek more savings to offset higher energy costs and an uncertain economic outlook, it said on Thursday.
The company said it was increasing annual cost cuts by 18 per cent from its most recent target to €1 billion ($1.4 billion) this year.
Operating income in the fourth quarter
Zurich: Swiss banking giant Credit Suisse said Thursday its net profit fell 24 per cent last year to 1.4 billion Swiss francs (€1.2 billion, $1.5 billion) despite its investment bank unit rebounding into profit.
The result was below the 1.7 billion francs pencilled in by analysts surveyed by the Swiss financial news agency AWP.
In the final quarter
Oslo: Norway’s Statoil’s net profit for the fourth quarter of 2012 plunged by nearly 50 per cent year-on-year to $2.36 billion (€1.75 billion), according to results released by the state-owned oil and gas giant on Thursday.
Net profit for the last quarter of 2012 stood at 13 billion Norwegian kroner, compared to 25.5 billion for fourth quarter 2011.
Tokyo: Sony Corp. is still struggling but managed to reduce its red ink for the latest quarter as the Japanese electronics and entertainment company aims for a comeback from record yearly losses.
Sony on Thursday reported a 10.7 billion yen ($115 million) loss for the October-December quarter compared with a 158 billion yen loss a
Bengaluru: Boeing Co will address compensation claims from customers of its 787 Dreamliner jets after the grounded aircraft are back in service, the company’s vice-president for sales in Asia Pacific and India said on Thursday.
“The focus is to get the air plane back, then we will deal with that issue (of compensation) like we dealt w
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