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Thursday, October 30, 2014
Deutsche Bank loses US$116 mil. in Q3
Deutsche Bank lost 92 million euros (US$116 million) in the third quarter as the bank faced ongoing financial burdens from lawsuits, new regulations and its effort to shed risky past investments.
Takata shares dropped in Tokyo on Wednesday after reports that the embattled Japanese auto parts maker is facing a U.S. class-action lawsuit over an air-bag defect that may have killed several drivers.
French group Schneider, a leading international supplier of electrical equipment, reported strong growth in the third quarter on Wednesday, boosted by its acquisition of automation firm Invensys.
Shares in drugmaker Sanofi, France's largest company by market capitalization, fell sharply on Wednesday after it announced the departure of chief executive Christopher Viehbacher.
South Korea's top wireless operator SK Telecom said Wednesday its net profit rose 5.7 percent in the third quarter, helped by the strong performance of its affiliates and new subscriptions.
LG Electronics reported Wednesday an 87 percent jump in third-quarter net profit from a year ago after profits from its mobile unit surged to a five-year high.
Air France on Wednesday said its third quarter results had taken a bashing due to a record pilots' strike, with turnover falling by 416 million euros (US$530 million).
Hitachi said Wednesday its net profit for the six months to September nearly tripled to US$850 million as the Japanese giant hiked its full-year earnings forecast.
Wednesday, October 29, 2014
Wei Ying-chiao resigns from Taipei 101
The Ministry of Finance yesterday acknowledged the resignation of Wei Ying-chiao (魏應交), chairman of Ting Hsin International Group (頂新) — one of the main culprits behind the ongoing food safety crisis — from his post as vice chairman and CEO of Taipei Financial Center Co., which operates the landmark Taipei 101 skyscraper.
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Jack Ma, founder of e-commerce giant Alibaba, is China's richest person with a fortune of nearly US$20 billion, as billionaires increase despite a slowdown in the country's economy, Forbes magazine said Tuesday.
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