Societe Generale Hit By Write-Downs
Societe Generale posts worse-than-expected second-quarter profit as it booked write-downs on assets in the U.S. and Russia, but said it is well on track to meet Europe's new capital rules despite still difficult economic conditions.
Crude Extends Losses, Weak China Data Weigh
Crude-oil futures extended losses in Asia Wednesday after relatively weak manufacturing data from China and as investors were less optimistic about stimulus measures from the U.S. Federal Reserve.
Antofagasta Reaffirms Copper Output Target as Esperanza Ramps Up
Chilean miner Antofagasta PLC (ANTO.LN) Wednesday reaffirmed its full-year copper output target after reporting higher second quarter output thanks in part to the ramp-up of its Esperanza mine and higher ore grades at its Los Pelambres mine.
Eni Lifts Interim Dividend 3.8% As Net Profit Drops, Output Rises
Eni SpA (E) Wednesday said it will raise its interim dividend by 3.8% despite its second-quarter net profit plummeting on the exclusion of regulated assets the Italian government has ordered the energy company to sell.
Komercni 2Q Net Profit Nearly Doubles as Provisions Fall
Czech lender Komercni Banka AS (BAAKOMB.PR) Wednesday said its second-quarter net profit nearly doubled on the year, beating market expectations, as the bank sharply narrowed its provisions for losses.
Krung Thai Bank Revises 2012 Loan Growth Target to 8%-10% From 7% -President
State-owned Krung Thai Bank PCL (KTB.TH), Thailand's second-largest commercial bank by assets, has revised its 2012 loan growth target to 8%-10% from 7% previously thanks to solid loan growth of 5% in the first half of this year, bank President Apisak Tantivorawong said Wednesday.
Komercni Banka 1st Half Net Profit Rises on Decrease in Provisions
Czech lender Komercni Banka AS (BAAKOMB.PR) Wednesday said its first-half net profit rose 39% on the year as the bank slightly increased net interest income on year while sharply narrowing its provisions for losses.
ENRC Output Mixed; Sees Strong Demand Despite Challenging Market
U.K.-listed, Kazakhstan-focused miner Eurasian Natural Resources PLC (ENRC.LN) Wednesday reported mixed second-quarter output across its commodities, but said that demand remains solid.
Henkel Raises 2012 EPS Outlook After Strong 2Q
German household consumer products maker Henkel AG & Co KGaA (HEN.XE) Wednesday raised its earnings per share outlook for the full year after reporting an increase in sales and earnings in the second quarter.