Miners Should Cut Spending as Commodity Prices Fall--AFI Fund Manager
Australian Foundation Investment Co. (AFI.AU), a fund that owns shares in BHP Billiton Ltd. (BHP, BHP.AU), said Sunday that it would encourage miners to reassess the viability of new projects amid softer commodity prices.
In Speech, Peru's Humala Highlights Achievements, Promises Stability
LIMA, Peru--Peruvian President Ollanta Humala on Saturday highlighted some of his accomplishments during his first year in office, while recognizing that his administration has also committed a number of errors.
Allianz Wants To be Leading Foreign Insurer in China - Report
Germany's Allianz SE (ALV.XE, ALIZF, AZSEY) wants to become the leading foreign insurance company in China, management board member Manuel Bauer said, according to a report published Saturday on Handelsblatt's website.
French Industry Min To Begin Talks with ArcelorMittal Executives
French Industry Minister Arnaud Montebourg will start talks on the future of Steel giant ArcelorMittal's (MT, MT.FR) Florange steel plant, "very quickly", according to a statement from the minister's office issued late Friday.
Reliance Industries May Invest up to $1 Billion in Aerospace Business - Source
Reliance Industries Ltd. (500325.BY) may invest up to a billion dollars over the next few years into its aerospace business, a company executive said Saturday, taking on conglomerates such as Tata Sons and the Mahindra Group for a part of a sector that holds high revenue potential.
Credit card debt plagues rich and poor alike
Remember when news reports claimed that actress Lindsay Lohan supposedly owed $600,000 in credit card debt and was having trouble paying it off?
Reliance Industries May Invest $1 Billion in Aerospace Business Plan -Report
India's Reliance Industries Ltd. (500325.BY) is expected to invest close to $1 billion over the next few years into its new aerospace business and recruit around 1,500 staffers for it, the Economic Times newspaper reported Saturday, citing unnamed executives close to the development.
BHP Billiton Set to Delay Olympic Dam Mine Expansion -Report
BHP Billiton Ltd. (BHP, BHP.AU) has informed outsiders that a decision to proceed with the proposed A$30 billion (US$31.3 billion) expansion of its Olympic Dam mine will be delayed by two years, the Weekend Australian newspaper reported on its website Saturday, citing documents it obtained.
Southern Copper Corp 2nd-Quarter Net $565.3 Million Vs $660.1 Million
LIMA, Peru--Southern Copper Corp. (SCCO, SCCO.VL) said second-quarter net earnings decreased to $565.3 million, compared with $660.1 million in the year-earlier quarter, on lower sales.
China wins Olympic women's basketball opener
Ma Zengyu scored 16 points and Miao Lijie added 12, leading China to a 66-57 victory over the Czech Republic in the Olympic women's basketball opener.Gao Song and Chen Nan each chipped in 10 points for the Chinese, who never trailed after the Czechs scored the game's opening basket but couldn't put