Cost cuts have helped Peugeot report a near 50% rise in half-year profits, but the French car maker has warned that the rest of the year will be tougher.

FRANKFURT (AFP) — Volkswagen, Europe's biggest carmaker, reported on Wednesday a surprise jump in profits, alongside Peugeot Citroen PSA in France and

POWERING ON: Volkswagen led a trio of European automakers in posting surprisingly strong results and reiterating their targets on Wednesday, sending their

European car makers Volkswagen, Peugeot Citroen and Fiat are defying gloomy forecasts, coming up with better than expected results thanks to cost cuts.

By Finfacts Team In New York Wednesday, US stocks rose for a second day, led by banks and consumer companies, after the US Congress agreed a $300 billion

Europe's main stock markets rallied on Wednesday, led by the banking and auto sectors, after an overnight rally on Wall Street helped by falling oil prices