Coca-Cola Hellenic Profit Slips on European Economic Woes
Greece's Coca-Cola Hellenic Bottling Co.(CCH) Tuesday reported a 15% decline in second-quarter net profit as the economic downturn in many of its key European markets weighed on consumer spending.
Ofcom: Everything Everywhere to Use Existing 1800 Mhz Spectrum for 4G
The U.K. Office of Communications, or Ofcom, said Tuesday it has approved an application by Everything Everywhere, the mobile operator that runs the Orange and T-Mobile networks in the U.K., to use its existing 1800 MHz spectrum to deliver 4G services.
Barclays In Talks With Absa To Combine Africa Operations
Bank Barclays PLC (BARC.LN) said Tuesday that it and its subsidiary Absa Group Ltd (ABSP.JO) are engaged in discussions about combining the majority of the Barclays Africa operations with Absa.
Cnooc 1st-Half Net Profit Falls 19%; Keeps 2012 Production Target
Cnooc Ltd. (CEO) Tuesday posted a worse-than-expected 19% decline in its first-half net profit as a production halt at Penglai, the site of a massive oil spill last year, lowered its output, but China's largest listed offshore oil and gas producer was confident it would meet its 2012 oil and gas
China Stocks Rise After Reported Stimulus Plans
Shanghai stocks rose Tuesday after a report Tuesday in the Chinese state-run Xinhua news agency's Economic Information Daily said Beijing was planning fresh economic stimulus for the second half of the year.
Venezuela PdVSA Takes Steps to Speed Up Orinoco Development -Chavez
Venezuelan state oil company Petroleos de Venezuela, or PdVSA, Monday night signed accords with two other state companies intended to help speed up development of the country's Orinoco heavy oil belt and increase the country's oil production, Venezuelan President Hugo Chavez said in a televised
US Denies Assange Claims of Witch Hunt
The U.S. on Monday denied Julian Assange's "wild assertions" that it has launched a witch-hunt for the WikiLeaks founder, who was holed up in Ecuador's embassy in London to avoid extradition.
PICC Chairman: Will Wait for Better Market Conditions for Hong Kong IPO
PICC Property & Casualty Co.'s (2328.HK) parent company, the state-owned People's Insurance Co. (Group) of China Ltd., will wait for better market conditions to launch its initial public offering, Wu Yan, chairman of both companies, said Tuesday.
Telstra Plans To Close 2 Consumer Contact Centers, Cut 422 Jobs
Telstra Corp. (TLS.AU) said Tuesday it plans to close two customer service call centers and cut 422 jobs.
India Shares Open Higher Tuesday; Infosys Gains
Indian shares were higher in early trade Tuesday, led by gains in software companies after a U.S. court dismissed a case against information technology major Infosys Ltd. that had alleged the company harassed an employee for blowing the whistle on how the outsourcing firm flouted U.S. work visa