Hong Kong Stocks Track Shanghai Lower; BoCom Falls
Hong Kong shares posted modest losses early Monday, tracking the performance on mainland Chinese bourses after Beijing didn't announce any growth-stimulating measures over the weekend, with resource stocks and financials leading the decline.
American Air Deal Decision May Come Within Weeks
American Airlines might make a decision within weeks about whether to pursue a merger, the Financial Times newspaper reported Sunday, citing Tom Horton, chief executive of the airline's parent company, AMR Corp. (AAMRQ).
Asian Shares Mixed on Stimulus Hopes, Japan GDP
Asian markets were mixed early Monday as hopes of stimulus from central banks were offset by weaker growth data from Japan.
Newcrest to Cut Costs, Improve Operations After Soft 2012 Output
The world's fourth-largest gold miner Newcrest Mining Ltd. (NCM.AU) plans to cut costs and improve operational performance in the year ahead after weak production volumes capped earnings last financial year, the company said Monday.
Sharp May Issue Preferred Securities
Sharp Corp. (6753.TO) is considering issuing preferred securities and subordinate bonds to finance a likely decline in the amount received from Taiwanese partner Hon Hai Precision Industry Co.'s (2317.TW) investment in the beleaguered Japanese electronics company, sources familiar with the matter
Lonmin Says Two Employees Killed Amid Union Fighting
Lonmin PLC (LMI.LN, LNMIY) said Sunday that two employees died at one of its platinum mines in South Africa due to what it believes is interunion fighting, a further escalation of mine violence that has hit the country's platinum sector.
Barclays Investors Back RBS Chief Hester for Top Job -Report
Leading investors in Barclays Bank (BSC) are backing Stephen Hester to succeed Robert Diamond as the new chief executive of Barclays PLC (BCS), the Sunday Telegraph reports, citing one of the bank's top-10 shareholders.
Continental Is Feeling Impact of Debt Crisis, CFO Says - Report
German auto parts maker Continental AG (CON.XE) is being affected by the euro zone's debt crisis as southern Europeans buy fewer cars, the company's chief financial officer said in an interview published Sunday.
ENRC's Chairman Recruits Adviser for Split - Report
Mehmet Dalman, the chairman of mining giant Eurasian Natural Resources PLC (ENRC.LN), has hired an adviser to help carry out work to split the company in two, U.K. newspaper The Sunday Telegraph reports, without citing sources.
Delek Group Sells 5.15% of US Unit for $71.5 Million
Israeli holding company Delek Group Ltd. (DLEKG.TV) said Sunday that it has sold 5.15% of its stake in Delek U.S. Holdings Inc. (DK) for $71.5 million.