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Volkswagen 2nd Quarter Profit Up but Revenue Slips

Volkswagen 2nd Quarter Profit Up but Revenue Slips

USDAILY – BERLIN  — Germany’s Volkswagen, Europe’s biggest automaker, says its net income rose 14.1 percent in the second quarter although revenues slipped even as unit sales pushed higher. Volkswagen AG said its profit in the April-June period was 3.25 billion euros ($4.35 billion), up from 2.85 billion a year earlier. Revenue slipped 2.2 percent to […]

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Ailing Portuguese Bank’s Shares Sink after Losses

Ailing Portuguese Bank’s Shares Sink after Losses

USDAILY – Shares in troubled Portuguese bank Banco Espirito Santo have plunged by more than 50 percent in volatile early trading on the Lisbon stock exchange a day after it reported a record half-year loss of 3.58 billion euros ($4.8 billion). The bank’s share price, which four months ago was around 1.3 euros, fell as low […]

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