Financial Markets

Financial Markets

Puma Q3 net income falls 24 percent

German sportswear company Puma AG said Monday net income fell 24 percent in the third quarter due to a drop in sales, especially for footwear and in its American markets.

Link: http://www.puma.com

Gazprom's profits cut in half in first half 2009

Russian gas company Gazprom saw profit cut in half in the first six months of the year as the cost of natural gas it buys from Central Asia soared and demand plummetted in Europe.

Dollar down again as G20 backs ongoing stimulus

The euro pushed back up above $1.50 Monday after finance ministers from the Group of 20 rich and developing countries steered clear from addressing the weakness of the U.S. currency against most of its competitors at a meeting over the weekend.