Philips profit advances as shares decline

Source: Bloomberg
Royal Philips NV, one the biggest consumer electronics companies in the world, reported a higher than forecasted profit for the fourth quarter of 2013. EBITDA surged 20% to 0.92 billion euro, as the CEO of the Dutch company cut spending for producing the medical equipment on declining demand. Now, Royal Philips NV stocks are plummeting 1.6% to 26.06 euro in Amsterdam.
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Tue, 28 Jan 2014 16:09:04 GMT

Sterling remains below $1.66 after U.K. growth data

The British currency remained below $1.66 after Britain's last quarter growth report that missed some analysts' forecasts. The Pound slid 0.1% to $1.6564 as of 12:44 p.m. in London, after gaining to $1.6668 on January 24, the strongest level in almost three years. The Sterling appreciated 0.1% to 82.36 pence per Euro after climbing to 82.23 pence.

Tue, 28 Jan 2014 12:00:03 GMT

WTI gains before report showing higher inventories in U.S.

West Texas Intermediate crude added on Tuesday and was traded close to the weakest level in a week on speculation that the next government report may show an increase in stockpiles in the U.S., the world's largest oil consumer. WTI for settlement in March rose as much as 40 cents to $96.12 per barrel on the NYMEX by 4:25 p.m.

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