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Crude behavior: SABIC profits plummet, stocks surge

2015-04-20 19:10:17| Chemicals - Topix.net

Saudi Basic Industries Corp. , the world's biggest petrochemicals manufacturer by sales, surged the most in almost five years after first-quarter profit beat estimates. The shares soared 9.8 percent, the most since May 2010, to SR95.75 at 12:22 p.m. in Riyadh.

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Russian car sales plummet by 43%

2015-04-09 09:56:33| Auto Dealers - Topix.net

Proving yet again that the Russian economy is well and truly in the toilet, it's been discovered the country's auto sales have plummeted 43 percent. Only 139,850 vehicles were sold back in March, compared to 243,000 over the same period in 2014.

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Worthington Industries warning of 'significantly' lower profit as steel prices plummet

2015-02-24 14:24:17| Steel - Topix.net

Big drops in steel prices and lower demand for oil and gas are leading Worthington Industries Inc. to warn of quarterly earnings "significantly below" last year's. The Columbus-based metal processor said steel prices have dropped more than $100 a ton since mid-December.

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Worthington Industries warning of 'significantly' lower profit as steel prices plummet

2015-02-24 14:03:04| Industrial Machines - Topix.net

Big drops in steel prices and lower demand for oil and gas are leading Worthington Industries Inc. to warn of quarterly earnings "significantly below" last year's. The Columbus-based metal processor said steel prices have dropped more than $100 a ton since mid-December.

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Van de Velde upbeat despite FY profit plummet

2015-02-24 13:47:00| Daily apparel & textile news and comment - from just-style.com

Belgian lingerie business Van de Velde remains upbeat in its outlook, despite reporting a 37.7% decline in annual net profit, primarily due to impairment charges at its Intimacy brand.

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