Australia's Abbott Says Chinese Investment Complicated
Australia's center-right opposition leader Tony Abbott on Tuesday described investment from China as "complicated" and said he opposes foreign governments taking a controlling stake in an Australian business.
ADB Plans to Join Equity Fund for Philippine Infrastructure Projects
The Asian Development Bank said Tuesday it will invest in a private equity fund that is being put together to finance infrastructure projects in the Philippines.
ING Appeals European Commission Decision on Restructuring
ING Groep NV (INGA.AE) said Tuesday it will appeal the terms of a European Commission approved restructuring plan that was implemented as a condition for the Dutch financial services firm receiving state aid during the financial crisis in 2008.
Rosneft Says Potential TNK-BP Buy "Attractive Commercial Proposition"
Russian state oil giant OAO Rosneft (ROSN.RS) said Tuesday it sees the potential acquisition of BP PLC's (BP.LN) 50% stake in TNK-BP (TNBP.RS) as an "attractive commercial proposition." "The potential acquisition would complement its existing portfolio and create value for all stakeholders," a
Banpu: 2012 Operating Profit Likely Lower Than 2011
Banpu PCL (BANPU.TH), Thailand's largest coal miner by revenue, said Tuesday its 2012 operating profit is likely to be lower than last year due mainly to higher costs.
Europe Stocks Flat To Lower; Man Jumps, Volvo Off
European stock markets gave up an early attempt at gains and stuck to the flat line largely after heavy losses in the prior session.
Gas Natural 2Q Profit Falls 17.2% To EUR360 Million
Spain's Gas Natural SDG SA (GAS.MC) said Tuesday that its net profit for second quarter of 2012 declined 17.2% from the same period a year earlier, on a lower contribution from asset sales partially offset by lower financing costs.
Anglo American PLC Acquisition
TIDMAAL RNS Number : 3355I Anglo American PLC 24 July 2012 24 July 2012 Anglo American agrees to acquire majority interest in Revuboe metallurgical coal project in Mozambique Anglo American plc ("Anglo American") announces it has agreed to acquire a 58.9% interest in the Revuboe metallurgical coal
Posco 2Q Net Falls 66%; To Strengthen Cost Cutting In 3Q
Posco (005490.SE) Tuesday posted a steep 66% fall in its second-quarter net profit, despite cutting costs aggressively as it was hit by a sharp spike in the cost of raw materials and weak demand that led to it lowering its product prices.
Australia's Housing Industry Wants Immediate Rescue Package
Australia's Housing Industry Association lobby Tuesday called for an immediate rescue package from the government and longer-term structural reform, lest the sector--one of the economy's major drivers--continues to languish in recession.