Cyclical Consumer Goods


UPDATE 2-Jailed Chinese loggers among thousands freed in Myanmar amnesty

YANGON, July 30 - Myanmar freed 155 Chinese jailed for illegal logging in an amnesty for thousands of prisoners on Thursday, a move that could ease diplomatic tensions with influential giant neighbour China.

1:24pm IST

France's Fabius: Iran could be easier for Renault than Peugeot

PARIS, July 30 - PSA Peugeot Citroen, previously the market leader in Iran, could find it more difficult to return to the country than fellow French car group Renault, Foreign Minister Laurent Fabius said after talks with Iranian leaders.

12:50pm IST

UPDATE 1-Delphi Automotive to buy UK's HellermannTyton for about $1.67 bln

July 30 - Delphi Automotive Plc said it will buy UK's HellermannTyton Group for about 1.07 billion pounds ($1.67 billion) to expand its electrical architecture business.

12:47pm IST

UPDATE 1-European recovery lifts Renault profit despite weaker pricing

PARIS, July 30 - Renault said on Thursday its first-half profit rose sharply as a European market recovery and currency windfall overcame pricing setbacks for older models, driving margins to a 10-year high.

12:35pm IST

GM South Korean workers approve wage deal, avoid major strike

SEOUL, July 30 - General Motors' South Korean workers voted in favour of a wage deal on Thursday, averting a major strike for a second consecutive year.

12:27pm IST
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Sector Summary


Shell to cut jobs, spending to cope with lower oil prices

LONDON - Royal Dutch Shell on Thursday reported a 37 percent drop in second quarter profits and said it would cut 6,500 jobs this year and reduce spending further to deal with an extended period of lower oil prices.