Chalco, Ivanhoe Extend Deadline for SouthGobi Takeover Bid
Aluminum Corp. of China Ltd. (2600.HK), or Chalco, will get an extra month to make a more than $920 million offer to acquire a controlling stake in SouthGobi Resources Ltd. from Ivanhoe Mines Ltd. (IVN), Chalco and Ivanhoe said in a joint statement Thursday.
Foreign Funds Net Buyers of PHP21.48 Billion in Philippine Shares in July
Funds from abroad continued to flow into the Philippine stock market in July, with foreign funds showing a net buying position of 21.48 billion pesos ($512.6 million), preliminary data from the stock exchange showed Thursday.
Don't let embarrassment keep you in debt
When you've dug yourself deep into credit card debt, you might feel like crawling into the hole with your money woes and never coming out.Consumers struggling with debt often feel lost and embarrassed, and frequently hide their troubles from others, according to a recent survey by GreenPath Debt
Polish BRE Bank CEO Sees 2012 Net Profit at 2011 Level
Poland's BRE Bank SA (BRE.WA), the country's No. 3 bank by assets, is likely to report 2012 net profit at a level unchanged from 2011, Chief Executive Cezary Stypulkowski told reporters Thursday. BRE Bank, a unit of Germany's Commerzbank AG (CBK.XE), earned 1.13 billion zlotys in consolidated net
Eni Enters Liberia with Three Offshore Exploration Block Buys
Eni SpA (E), Italy's biggest oil and natural gas company by value, Thursday said it entered the Liberia market with the acquisition of three offshore exploration blocks as part of its strategy of expanding in sub-saharan Africa.
MorphoSys Reports 1st Half Loss, Confirms 2012 Guidance
German biotechnology company MorphoSys AG (MOR.XE) said Thursday it swung to an after-tax loss in the first half, narrower than expected by analysts, and confirmed 2012 guidance.
Gold Fields Signals More Consultations Over South Deep Restructure
Gold Fields Ltd. (GFI) said Thursday that it has issued a notice to unions about potential retrenchments at its South Deep mine and that further consultations will occur, after previous negotiations failed to render an agreement.
GDF Suez Confirms Guidance After Strong First Half
GDF Suez SA (GSZ.FR) Thursday confirmed its full-year guidance after posting a 4.2% increase in first-half earnings before interest, tax, depreciation and amortization, or Ebitda, lifted by higher power output and tariffs, as well as additional revenue from the full integration of U.K.-based
Sembcorp Marine 2Q Net Profit Falls 4.6% to S$142.8 Million
Sembcorp Marine Ltd. (S51.SG) said Thursday its second-quarter net profit fell 4.6% from a year earlier because of the timing of recognition of income from projects, but the company flagged a positive outlook for the offshore oil and gas industry.