Jindal Steel Beats Q2 Profit Estimates on Lower Costs

Oct 31 Reuters Indian steelmaker Jindal Steel and Power reported a higherthanexpected secondquarter profit on Tuesday, helped by a drop in raw material costs. Consolidated net profit after tax surged more than sixfold to 13.90 billion rupees 167 million in the quarter, beating analysts39; average estimate of 10.99 billion rupees, according to LSEG data. The strong […]
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Uniper Swings to 10 Billion net Profit as Gas Prices Fall

Derivatives plunge to 26 bln eur, from 216 bln last year Gas price fall dissolves loss provisions Shares up 5.3 FRANKFURTDUESSELDORF, Oct 31 Reuters Germany39;s Uniper, which was bailed out during Europe39;s energy crisis, swung to a ninemonth net profit of 9.77 billion euros 10.35 billion, boosted by falling gas prices that mean the group […]
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French GDP Growth Slows, Inflation Eases

PARIS, Oct 31 Reuters The French economy grew by 0.1 in the third quarter, with growth slowing from the previous quarter but staying just above zero thanks to household spending, preliminary data from the INSEE statistics agency showed on Tuesday. Household consumption was up by 0.7, while INSEE data also showed that inflationary pressures in […]
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China Factory Activity Unexpectedly Shrinks in Oct, Dents Recovery Momentum

Manufacturing PMI unexpectedly falls Nonmanufacturing PMI falls, as services and construction slow Metals prices and offshore yuan drop on PMI weakness Weak global economy, property crisis threaten growth analysts BEIJING, Oct 31 Reuters China39;s manufacturing activity unexpectedly contracted in October, underlining the daunting task facing policymakers as they try to revitalise economic growth heading into […]
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