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India's Tata Motors profits dive 56 percent

2015-05-26 18:59:22| Automakers - Topix.net

India's largest carmaker Tata Motors reported a 56 percent slump in quarterly net profit on Tuesday due to weak earnings from its luxury British unit and sluggish domestic sales. Consolidated net profit for the fourth quarter which ended March 31 slumped to 17.17 billion rupees from 39.18 billion rupees during the same period a year earlier, the Mumbai-based company said.

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Two HK-listed firms see shares dive

2015-05-21 08:48:57| BBC News | Business | UK Edition

Shares of two Hong Kong-listed companies have plunged by about 50% in the past two days, surprising market watchers across the region.

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Woodside Petroleum firms up terms for buying Us LNG despite oil price dive

2015-05-15 07:47:30| Energy - Topix.net

Woodside Petroleum has sealed a deal to buy 20 years of liquefied natural gas from a $US11.5 billion terminal to be built in Texas, but with no softening in the pricing despite the plunge in global crude oil prices since a preliminary agreement was struck in mid-2014. The step forward for Woodside's emerging LNG trading business came after US LNG export pioneer Cheniere Energy sealed a $US8.4 billion debt deal on Wednesday to help finance the Corpus Christi project, which will be built by private firm Bechtel.

Tags: terms price oil buying