Allianz Sees Flat Mid-Term Operating Profit In Italy, Spain, Portugal
Allianz SE (ALV.XE), Europe's biggest insurer by market capitalization and premium income, faces business challenges in the euro area's peripheral countries Italy, Spain and Portugal, where it expects operating profits to remain flat over the medium term, according to an online investor
Keppel Land 2Q Net Profit Climbs 87.5% to S$94.7 Million
Keppel Land Ltd. (K17.SG) said Wednesday its second-quarter net profit climbed 87.5% from a year earlier mainly due to higher contributions from the completion of deferred-payment sales at a high-end residential project in Singapore.
GM's Opel Brand Replaces Two More Board Members
General Motors Co.'s (GM) troubled European Opel unit Wednesday replaced both its Chief Financial Officer and the head of its research and development operations, marking the next step in a broad management shake-up to stem hefty losses amid sagging sales.
Credit Suisse Moves to Address Capital Concerns
Credit Suisse moved Wednesday to stanch recent concerns about its financial strength, saying it is raising capital through the sale of shares, more divestments and the launch of another cost savings program.