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Tag: slump
Big Oil Gets Serious on Cost Cuts in Worst Slump Since 1986
2015-01-19 06:12:17| Electronics - Topix.net
Major oil companies are awaking from their slumber and facing up to the magnitude of the crash in crude prices. From Royal Dutch Shell Plc canceling a $6.5 billion project in Qatar to Schlumberger Ltd. firing about 9,000 people and Statoil ASA giving up exploration in Greenland, the oil industry this week concluded that the slump is no blip.
Europe car sales end 6-year slump, grew 5.7 percent in 2014
2015-01-16 12:08:26| Auto Dealers - Topix.net
" Europe's automakers' association ACEA has confirmed that the industry's six-year decline ended last year, reporting a 5.7-percent increase in car sales in 2014 to 12.5 million vehicles. That was the continent's first positive full-year result since 2007, with December marking the 16th straight month of growth.
Stocks fall as slump in oil prices weigh down energy shares
2015-01-13 14:23:59| Jewelry - Topix.net
U.S. stocks fell as the continuing sell-off in crude pulled down energy shares before the start of corporate earnings. Energy shares tumbled 2.8%, the most among 10 groups in the S&P 500, as crude dropped 4%.
Telstra can't offset mining, energy slump
2015-01-13 08:44:04| Telecom - Topix.net
Telecommunications was the best-performing sector, up 1.1 per cent, as Telstra Corporation lifted 1.2 per cent to a $6.11. Photo: Craig Sillitoe An acceleration in the slump in global oil markets dragged Australia's sharemarket down on Tuesday as investors switched to "risk-off" assets, pushing up the value of gold and government bonds.
Tags: energy
offset
mining
slump
Telstra can't offset mining, energy slump
2015-01-13 08:15:46| IT Services - Topix.net
Telecommunications was the best-performing sector, up 1.1 per cent, as Telstra Corporation lifted 1.2 per cent to a $6.11. Photo: Craig Sillitoe An acceleration in the slump in global oil markets dragged Australia's sharemarket down on Tuesday as investors switched to "risk-off" assets, pushing up the value of gold and government bonds.
Tags: energy
offset
mining
slump
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