Top business news

IMF lowers 2014 global growth forecast
JUL 25, 2014
The IMF has projected global growth of 3.4 per cent for this year, down from its April estimate of 3.7 per cent.
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Eurozone economy rebounds, but France lags
JUL 25, 2014
The private Markit research group says the French economy showed signs of slowing in July, compared to growth elsewhere in the eurozone.
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Ford second-quarter income rises 6pc
JUL 25, 2014
Ford has chalked up a record profit in the second quarter, but things will get leaner in the second half when it closes a truck plant and costs increase.
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Hyundai Q2 profit hit by strong won
JUL 25, 2014
Hyundai says its second quarter net profit was hit hard by a strong won, dropping 6.9 per cent year-on-year.
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GM profit skids on recall costs
JUL 25, 2014
GM net profit has dived 85 per cent to $US190 million ($A205.57 million), missing analyst expectations.
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US jobless claims fall to eight-year low
JUL 24, 2014
Initial jobless claims totalled 284,000 in the week ending July 19, down 19,000 from the prior week, according to the US Labour Department.
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Spain's Repsol has big jump in profit
JUL 24, 2014
Spain's oil company Repsol says it nearly doubled net profit in Q2, with an increase of 94.8 per cent to 520 million euros.
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LG Electronics Q2 profit surges 165%
JUL 24, 2014
LG Electronics has seen its second-quarter profit surge 165 per cent to 412 billion won.
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Caterpillar earnings edge higher
JUL 24, 2014
Equipment-maker Caterpillar says its second-quarter earnings edged higher on gains in its construction division.
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Spain's unemployment crisis eases
JUL 24, 2014
Spain's unemployment crisis has eased with official data showing it fell beneath 25 per cent in the second quarter.
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