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(MENAFN - AFP) Supermarket giant Auchan said that a price war in France pushed net profit down 11.5 percent in the first half, but that overall sales held up because of international performance.

In the first six months of the year, net group profit fell to 272 million euros ($359 million).

Global sales rose by 4.7 percent to 31.2 billion euros, boosted by a strong ...

 
(MENAFN - AFP) Malaysia Airlines will slash 6,000 jobs, trim its route network, and replace its CEO under plans announced Friday to stave off bankruptcy after two air tragedies plunged the already troubled carrier deeper into crisis.

State investment fund Khazanah Nasional, which controls the failing flag carrier, said it would pump 6 billion ringgit ($1.9 billion) into the ...

 
(MENAFN - AFP) The Danish economy shrank by 0.3 percent in the second quarter, official data showed on Friday, casting doubt on the government's annual growth forecast as demand from European trading partners declined.

Analysts had expected economic output to grow slightly after consumer confidence this month reached levels not seen since 2007.

That was before Denmark ...

 
(MENAFN - AFP) Eurozone inflation fell to 0.3 percent in August, raising the dangers of deflation and also pressure on the European Central Bank to open up the cash floodgates, data showed on Friday.

The latest fall takes the rate down from 0.4 percent in July and from 1.3 percent a year ago, and to far below the ECB's target of just under 2.0 percent.

The latest twist ...

 
(MENAFN - AFP) The ruble slumped to a record low against the US dollar on Friday as investors worried that the West may tighten sanctions against Russia over its role in Ukraine.

The ruble slid to 37.0260 to the dollar, breaking its previous record low set in March when Russia annexed Crimea from Ukraine.

By 0800 GMT the ruble had recovered slightly to 36.91 to the ...

 
...
 
(MENAFN - AFP) Asian markets were mixed Friday as the prospect of a military confrontation between Ukraine and Russia knocked confidence and offset forecast-beating US growth data.

While the rise in geopolitical uncertainty prompted investors to buy lower-risk assets such as the yen, despite disappointing economic figures out of Tokyo, comments from Russian President Vladimir ...

 
(MENAFN - AFP) Malaysia Airlines will slash thousands of staff, trim routes, replace its CEO and could see future stake sales to outside investors under plans announced Friday to save it from bankruptcy after two devastating disasters.

State investment fund Khazanah Nasional, which has taken control of the failing flag carrier, said it planned to pump 6 billion ringgit ($1.9 ...

 
...
 
(MENAFN - AFP) Troubled British supermarket giant Tesco on Friday issued another profits warning and slashed its shareholder dividend by 75 percent, blaming challenging trade and high investment costs.

In reaction to the dire trading update, Tesco shares plunged 8.0 percent to 226.6 pence in early deals on London's FTSE 100 index, which was up 0.23 percent.

Britain's ...

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