World Business

Daimler backtracks, buys back stake in Tognum diesel maker

Stuttgart  - In a surprising reversal of policy, Daimler said Wednesday it planned to buy back into the company that makes MTU diesel engines for ships and monster machines, barely three years afte

Strabag reports 15-per-cent operating profit increase for 2007

Vienna - The Austrian-based construction group Strabag SE on Wednesday said operating profits for 2007 were up 14.6 per cent to 312.4 million euros (486.5 million dollars), owing to booming busines

China stocks rise nearly 5 per cent to month high

Stock MarketBeijing - Market shares in China reached the highest level in a month on Wednesd

Telenor reports higher first-quarter earnings

Oslo - Norwegian telecommunications group TelenorNorwegian tele

Austria's Erste Bank reports record Q1 profits

Vienna - Erste BankAustria's Erste Bank on Wednesday reported that its net profits increased by 4.

Siemens posts slump in quarterly earnings

Munich - SiemensGerman electronics giant Siemens AG said Wednesday that its quarterly profit fell 67 pe

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