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28 Apr 2015   BP profit slides 26% in Q1 
 
(MENAFN - AFP) British energy giant BP on Tuesday announced sliding net profit for the first quarter of the year compared with the same period in 2014, amid plunging oil prices.

Profit after tax stood at $2.6 billion (2.4 billion euros) between January and March compared with net profit of $3.5 billion in the first quarter of 2014, BP said in an earnings statement.

"We ...

28 Apr 2015   BP profit slides 26% in Q1 
 
(MENAFN - AFP) British energy giant BP on Tuesday announced sliding net profit for the first quarter of the year compared with the same period in 2014, amid plunging oil prices.

Profit after tax stood at $2.6 billion (2.4 billion euros) between January and March compared with net profit of $3.5 billion in the first quarter of 2014, BP said in an earnings statement.

"We ...

28 Apr 2015   BP profit slides 26% in Q1 
 
(MENAFN - AFP) British energy giant BP on Tuesday announced sliding net profit for the first quarter of the year compared with the same period in 2014, amid plunging oil prices.

Profit after tax stood at $2.6 billion (2.4 billion euros) between January and March compared with net profit of $3.5 billion in the first quarter of 2014, BP said in an earnings statement.

"We ...

 
(MENAFN - AFP) The US Supreme Court will hear arguments on Tuesday on whether gay couples have a constitutional right to wed -- a potentially historic decision that could see same-sex marriage recognized nationwide.

Hundreds of activists from both sides of the debate were expected to rally in front of the Supreme Court building as the nine justices hear a case on one of the ...

 
(MENAFN - AFP) First went the fancy banquets, then the lavish gift-giving. Now, China's ruling Communist Party has set its sights on a new target in its anti-corruption drive: art and literary prizes.

China's proliferation of cultural awards has raised alarm among the party's much-feared anti-corruption investigators, who worry that government officials are using them as ...

 
(MENAFN - AFP) Italy is having a party, the whole world is invited and, yes, there will be food; lots of it.

Expo Milan 2015, the first world fair since Shanghai's groundbreaking event five years ago, opens its doors on Friday amid optimism that the six-month nutrition and gastronomy-themed fest will help lift the host country out of the economic doldrums.

"We can say ...

 
(MENAFN - AFP) Marooned on a naval base in northwest Germany, pinned down by advancing Allied forces and Adolf Hitler dead, the last leader of the Third Reich hammered out the surrender order.

Seventy years later the telex will go on auction in New York, the flimsy sheet of pink paper valued at $20,000 to $30,000, and an incredibly rare relic from the world's deadliest conflict.

In ...

 
(MENAFN - AFP) Asia-focused British bank Standard Chartered said Tuesday its first-quarter profit fell more than 20 percent year-on-year, missing analysts' expectations.

Profit before tax for the three months ended March 31 fell 22 percent to $1.47 billion from $1.88 billion in the same period last year, the bank said in a filing to the Hong Kong stock exchange.

The ...

 
(MENAFN - AFP) Commerzbank, Germany's second biggest lender, announced Tuesday it raised 1.4 billion euros ($1.5 billion) in a capital increase in a move to boost its financial buffers.

"Commerzbank today placed 113.9 million new shares with institutional investors by way of a so-called accelerated bookbuilding process," the group said in a statement.

"The placement ...

 
(MENAFN - AFP) Swedish energy group Vattenfall said Tuesday that it would cut a thousand jobs as its quarterly profits plunged by nearly a half compared to last year.

The state-owned company, a major provider of electricity in northern Europe, reported a 42 percent fall in net profits to 4.68 billion kronor ($542 million, 499 million euros) in the first quarter compared ...

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