Reliance Industries to Share Accounts of D6 Block With Federal Auditor - Report
Reliance Industries Ltd. (500325.BY) has agreed to share the financial accounts of its east-coast offshore block with the federal auditor ahead of a meeting of the block's management committee to consider new discoveries, the Economic Times reported Monday, without citing any sources.
PostNL Could Sell TNT Stake if UPS Offer Isn't Unconditional
PostNL NV (PNL.AE) said Monday that it could sell or transfer its stake in TNT Express NV (TNTE.AE) if United Parcel Service Inc. (UPS) hasn't declared its offer for the Dutch package delivery firm unconditional by Sept. 19, but added that it doesn't deem such a sale or transfer opportune at the
AngloGold 2Q Profit Drops
AngloGold Ashanti Ltd. (AU), Africa's largest gold producer, reported a drop in profit for the second quarter on the year, due to higher capital expenditure and a higher tax charge.
Cnooc Surges on $1.56 Billion Coalbed Methane Deal
Cnooc Ltd. (0883.HK) shares surged nearly 3% in Hong Kong on Monday, buoyed by news that the blue-chip offshore oil producer signed a deal Friday to develop coalbed methane in China over the next three decades and would commit 9.93 billion yuan ($1.56 billion) toward exploration in the initial five
Poland PKO BP Net Profit Down 2%, In Line With Expectations
Powszechna Kasa Oszczednosci Bank Polski SA (PKO.WA), Poland's No. 1 bank by assets, Monday said its second-quarter net profit dropped 1.9% compared with a year earlier to 949 million zlotys ($289 million), roughly in line with market expectations. In a Dow Jones Newswires survey of 11 analysts,
Baidu Fires 4 Employees for Allegedly Accepting Money to Delete Content
Baidu Inc. (BIDU) said on Monday it has fired four employees suspected of having taken payments to delete posts from its website.
Richemont: Strong Trading Suggests Increase in First-Half Operating, Net Profit
Compagnie Financiere Richemont SA (CFR.VX) said Monday half-year operating and net profit are likely to show an increase of between 20% and 40% compared with the same period a year earlier because of strong sales in the first four months of the year.
Novartis Partners With University Of Pennsylvania For Cancer Therapy
Novartis AG (NVS) said Monday it has entered a multi-year collaboration with the University of Pennsylvania to research, develop and commercialize targeted immunotherapies for the treatment of cancers.
South Korea To Cut Rates This Week, Says HSBC
The Bank of Korea is likely to follow up its unexpected July interest-rate cut with another quarter-point decrease Thursday, according to HSBC economist Ronald Man.
BDO Unibank Plans up to $2 Billion Euro-Denominated Notes Issue
BDO Unibank Inc. (BDO.PH) said Monday it has set up a program allowing it to quickly raise fresh capital through the issuance of up to $2 billion of euro-denominated notes.