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(MENAFN - AFP) The world's biggest temporary staffing group Adecco posted on Thursday a 15-percent rise in net profit for the second quarter, as temp work southern Europe picked up speed.

For the April-June period, the Swiss company said its net profit grew to 145 million euros ($194 million), in line with analyst expectations.

Adecco's revenues meanwhile grew just ...

 
(MENAFN - AFP) Russia retaliated against tough new Western sanctions on Thursday, banning most food imports from the United States and the European Union and threatening to block flights over its airspace.

But the 28-member European Union swiftly denounced the measures as "clearly politically motivated" and said it was ready to take action in response.

The tit-for-tat ...

 
(MENAFN - AFP) The world's top insulin maker, Novo Nordisk, reported rising quarterly profits on Thursday and said studies required to release long-acting insulin Tresiba in the US would be completed sooner than previously thought.

Net profit in the second quarter rose by four percent to 6.99 billion kroner (938 million euros, $1.25 billion) as revenue grew one percent to ...

 
(MENAFN - AFP) Philippine Long Distance Telephone Co. (PLDT), the country's leading telecoms provider, said Thursday it was buying a 10-percent share in German Internet developer Rocket Internet for 333 million euros ($445 million).

The partnership will allow the two companies to "jointly develop mobile and online payment technologies and services in emerging markets", a ...

 
(MENAFN - AFP) Anglo-Australian mining giant Rio Tinto said Thursday its first-half net profit more than doubled to US$4.4 billion, driven by surging iron ore shipments as it continued a cost-cutting programme.

The bumper result in the six months to June 30, a strong rise from the US$1.72 billion net profit recorded in the first-half of 2013, came despite softening commodity ...

 
(MENAFN - AFP) South African business confidence has fallen to its lowest level since 1999, amid protracted labour disputes, a leading survey showed on Thursday.

The South African Chamber of Commerce and Industry's Business Confidence Index fell to the lowest level for 15 years in July, a fresh warning that the economy is in difficulty.

South Africa, long Africa's powerhouse ...

 
(MENAFN - AFP) German telecoms giant Deutsche Telekom said on Thursday that earnings rose sharply in the second quarter, driven by the strong performance of its US subsidiary.

"It's harvest time for Deutsche Telekom on both sides of the Atlantic," the group said in a statement.

Net profit rose by 34.2 percent to 711 million euros ($951 million) in the period from ...

 
(MENAFN - AFP) Prime Minister Dmitry Medvedev warned Thursday that Russia could block overflights between Europe and Asia in retaliation for Western sanctions.

Medvedev said the Russian government was considering a series of measures in response to Western sanctions that shut down the country's first low-cost airline.

"First is a ban on using the airspace of our country ...

 
(MENAFN - AFP) German reinsurance giant Munich Re said on Thursday that its profits were up strongly in the second quarter and the company was on track to meet its full-year targets.

Munich Re said in a statement that its net profit jumped by 44.9 percent to 765 million euros ($1.0 billion) in the period from April to June.

Underlying or operating profit soared by ...

 
(MENAFN - AFP) The world's leading food industry group Nestle on Thursday posted slumping earnings and sales for the first half of the year, blaming the effect of a strong Swiss franc.

During the first six months of the year, the maker of Nespresso capsules and baby food among many other products, said it had made a net profit of 4.6 billion Swiss francs ($5.1 billion, 3.8 ...

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