Impala Posts Sharp Drop In Full-Year Earnings Due To Strike
Impala Platinum Holdings Ltd. (IMP.JO) Thursday reported a drop in full-year earnings due in large part to a six-week strike that cut into its production and revenue generation.
Gold Fields 2Q Profit Up, Sees Fiscal Year Attributable Gold Production Down
Gold Fields Ltd (GFI.JO), an un-hedged producer of gold with operating mines in South Africa, Peru, Ghana and Australia Thursday posted a 10.9% rise in profit during the second quarter, but said the outlook for attributable gold production for the year is unlikely to exceed 3.4 million gold
Diageo Confident as Emerging Markets, U.S. Drive Profit
Diageo PLC (DGE.LN), the world's largest liquor company by revenue, Thursday said it is on track to meet its goals as it recorded a rise in profit, driven by purchases in emerging markets and a continuing robust recovery of the U.S. spirits market.
Carlos Slim Eyes Telecom Acquisitions in Poland -Report
Mexican telecom company America Movil SAB (AMX, AMX.MX), controlled by billionaire Carlos Slim, is considering acquiring telecommunications assets in Poland, daily Puls Biznesu reports Thursday without citing a source.
Origin Sees Flat FY13 Earnings As Demand Softens
Australia's biggest energy retailer Origin Energy Ltd. (ORG.AU) Thursday forecast a dramatic slowing of its earnings momentum this year as higher prices due to expensive network upgrades soften demand for electricity in its home market.
Swiss Watch Exports Rise 6.9% On Year In July On Asian Demand
Swiss watch exports increased 6.9% on the year in July, driven by ongoing robust demand from Asia, data released Thursday by Switzerland's customs office showed.
Chevron Warns Future Australian LNG Projects at Risk
Australia's liquefied natural gas industry is at a cross-roads because of cost increases and poor labour productivity in the country, Chevron Corp.'s (CVX) Australia Chief Executive Roy Krzywosinski said Thursday.
Rio Tinto Sees Soft China Demand for Iron Ore
Rio Tinto PLC (RIO) Chief Executive Tom Albanese said Thursday that he expects the current "soft" market for iron ore in China to extend for some months yet.
Polish PGNiG Plans Restructuring Ahead of Market Liberalization
Poland's natural gas utility PGNiG SA (PGN.WA) is launching a restructuring program to flatten its hierarchy, as the state-controlled company expects competition in the Polish gas market to heighten, PGNiG said in a news release Thursday.
Ahold Posts Solid 2Q, Remains Cautious
Royal Ahold NV (AH.AE), which runs the Stop & Shop and Giant supermarket chains in the U.S., Thursday posted solid second-quarter profit growth as price cuts paid off.