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(MENAFN - AFP) Puma, the German sportswear and equipment maker, said on Thursday it intends to acquire up to 5.0 percent of soccer club Borussia Dortmund.

"Sports company Puma intends to take a direct stake in Borussia Dortmund, having sponsored the football club since 2012," it said in a statement.

It would do so by acquiring up to 5.0 percent of the club's share ...

 
(MENAFN - AFP) Russian authorities launched nationwide inspections of McDonald's restaurants Thursday after shutting three wildly-popular Moscow locations on apparent government orders aimed at striking back against biting Western sanctions.

It was the latest and arguably most resonant salvo in an escalating and economically-bruising trade war over a bloody conflict in Ukraine ...

 
(MENAFN - AFP) Russia's state-owned VTB bank said Thursday it was ready to resist Western sanctions imposed on it over Ukraine after its second-quarter profits took a knock.

The number two Russian bank said its net profit plunged by over four-fifths from the figure for the same period last year to 1.9 billion rubles ($52 million, 39 million euros).

Its net banking income ...

 
(MENAFN - AFP) Discount chain Family Dollar rejected a $9.7 billion takeover bid by larger rival Dollar General Thursday, saying the tie-up could run afoul of US anti-monopoly rules.

Dollar General launched a bidding war Monday for Family Dollar Stores, trumping a $9.2 billion Dollar Tree merger deal agreed just weeks ago

But Family Dollar's board said it judged that, ...

 
(MENAFN - AFP) German engineering giant Siemens said Thursday it has won a contract worth 650 million euros ($862 million) to supply wind turbines to Norwegian power groups Statoil and Statkraft.

"Siemens Energy has received an order from the Norwegian energy utilities Statoil and Statkraft for the 'Dudgeon Offshore Wind Farm' in Britain," the German group said in a statement. ...

 
(MENAFN - AFP) Oil prices rose on Thursday after the release of solid economic data in the US, the world's top consumer of crude, traders said.

Futures rebounded from losses earlier in the day caused by receding concerns that conflicts in crude producers Libya and Iraq would result in a major supply disruption.

Brent North Sea crude for delivery in October climbed ...

 
(MENAFN - AFP) Sri Lanka's trade deficit narrowed substantially this year thanks to increased demand for clothing exports to the United States and Europe, the island's central bank said Thursday.

Exports jumped 16.8 percent to $5.44 billion in the first six months of calendar 2014 compared to the same period last year, the Central Bank of Sri Lanka said.

Imports meanwhile ...

 
(MENAFN - AFP) A timid economic recovery in the eurozone is still holding, a closely-watched survey showed on Thursday, but at a pace that promises only negligible growth for the year.

This latest data is likely to strengthen the views of those who hold that the European Central Bank will eventually take extra measures to inject cash into the single-currency zone.

"The ...

 
(MENAFN - AFP) Air Berlin, Germany's second-biggest airline, said on Thursday it flew back into profit in the second quarter and promised a massive restructuring programme later this year.

Presenting the company's second-quarter results, chief executive Wolfgang Prock-Schauer said: "We were able to improve the net result and our operating result is looking better than it ...

 
(MENAFN - AFP) Global drinks giant Treasury Wine Estates on Thursday reported a net loss of Aus$100.9 million (US$93.3 million) during a year in which the firm replaced its chief executive and became a takeover target.

The world's largest publicly-listed pure-play wine company, with over 80 brands, said after 12 months of upheaval it was "poised for re-set and a return to ...

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