Costco's profits rise

Note: This section contains information in English only.
Source: Marketwatch

Costco Wholesale Corp., reported net increase in revenues for the Q1 by 2.6% with the jump in sales by 13%. For the last quarter earnings approached to $320 million or 73 cents a share as compared to $312 million or 71 cents apiece in the same period last year. Current share price of the company is 87.47 a share.

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Thu, 08 Dec 2011 15:32:15 GMT

Dam building on Mekong River postponed again

The project of building the first hydro-power dam on the lower Mekong has been delayed again due to environmental concerns. The project will allow Laos to generate additional power that was planned to be sold to Thailand. However, opponents claim the dam will impact fragile ecology and people living downstream of the river.

Thu, 08 Dec 2011 16:37:55 GMT

Japan's Nikkei Stock Average gives up 0.66% amid European worries

Japan's Nikkei Stock Average traded down 0.66% or 57.59 and ended trade at 8,664.58. The slight decline can be explained by investors' anxiety regarding Friday's summit and Germany's announcement it will not support two bailout funds. Main losers were Japanese exporters as US Dollar dropped against Japanese Yen. Honda Motor Co. lost 1.8%, and Mitsubishi Motors Corp. declined 3.2%. On the upside were Olympus

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