Chinas Zhengzhou City Launches Property Support Measures

BEIJING, Aug 4 Reuters China39;s Zhengzhou city has launched measures to support its property market, including easing home resale restrictions, in what analysts said were the first such moves by a big city heeding signals from policymakers. The measures by the capital of China39;s central Henan province included reductions on mortgage rates and down payment […]
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Commerzbanks Second Quarter net Profit Up 20 on Rate Rises

FRANKFURT, Aug 4 Reuters Germany39;s Commerzbank said its second quarter net profit rose a betterthanexpected 20, aided by higher interest rates but held back by previously flagged problems in Poland. The bank raised its outlook for fullyear net interest income to 7.8 billion euros 8.54 billion from previous expectations of some 7 billion euros, but cut its […]
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Maersk Warns of Slower Demand for Container Shipping

COPENHAGEN, Aug 4 Reuters Shipping group A.P. MollerMaersk warned on Friday of a steeper decline in global demand for shipping containers by sea this year prompted by muted economic growth and customers reducing inventories. The company, one of the world39;s biggest container shippers with a market share of around 17, said it expects container volumes to […]
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WPP Lowers FullYear Forecast as Tech Clients Curb Spending

LONDON, Aug 4 Reuters WPP, the world39;s biggest advertising group, downgraded its fullyear likeforlike growth forecast to 1.53.0 from 35 after lower spending from tech clients caused its revenue in North America to decline in the second quarter. Chief Executive Mark Read said the group delivered a resilient performance in the first half, with growth […]
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Finland Utility Fortums Q2 Core Profit Lags Forecast

Q2 EBITDA drops to 344 mln euros vs 364 mln estimate Fortum reviews recycling, waste businesses Power generation profit improves HELSINKI, Aug 4 Reuters Finnish utility Fortum posted on Friday weakerthanexpected secondquarter core profits and said it would consider selling its recycling and waste businesses as it looks to focus on clean energy. Comparable earnings before […]
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German Vonovia Slips to 2.1 bln Loss as Sector Struggles

DUESSELDORF, Aug 4 Reuters Germany39;s largest real estate group Vonovia slipped to a 2 billion euro 2.19 billion second quarter loss and wrote down the value of its properties by 3 billion euros on Thursday in the latest sign of stress in the country39;s property sector. After a decadelong property boom, Germany is undergoing a […]
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