PKO BP CEO: See Provisions In Coming Quarters Flat Vs Second Quarter
Powszechna Kasa Oszczednosci Bank Polski SA (PKO.WA), Poland's largest bank by assets, expects its provisions against bad loans in coming quarters to be of a similar size to its second-quarter provisions, Chief Executive Zbigniew Jagiello said at a news conference Monday.
AngloGold Ashanti Profit Drops On Higher Spending, Taxes
AngloGold Ashanti Ltd. (AU), Africa's largest gold producer, Monday said its second-quarter profit fell compared with the same period a year earlier due to higher capital expenditure and a higher tax charge, but the decline was expected after the company had warned the market in July.
Cnooc Shares Up on Unconventional Natural Gas Deal
Cnooc Ltd. (0883.HK) shares rose as much as 3.3% 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, as part of efforts to expand into alternative energy sources in order to meet
Siemens Consortium Gets Steel Plant Order In India
A consortium led by industrial conglomerate Siemens AG's (SI) VAI Metals Technologies unit has received an order for a steel making plant from an enterprise owned by the Indian government, Siemens said Monday.
Steel Authority of India Posts 18% Drop in April-June Net Profit
State-run Steel Authority of India Ltd. (500113.BY) Monday posted a surprise drop in its first-quarter net profit, hurt by lower sales and a rise in foreign-exchange loss.
Citigroup Asia CEO: Citi Orient JV Aims to Become No. 1 China Investment Bank
Citigroup Inc. (C) aims for its new joint venture in China to eventually become the number one investment bank in the country, Stephen Bird, Citigroup's chief executive in the Asia-Pacific region, said Monday.
Shell Pulls Cash Out Of Europe To Cut Risk - Report
Anglo-Dutch oil major Royal Dutch Shell PLC (RDSB.LN) plans to move some of its cash pile out of European banks due to the eurozone debt crisis, The Times newspaper reported Monday, citing the group's chief financial officer.
Thai AirAsia 2012 Revenue Growth Target of 20% Achievable
Budget carrier Thai AirAsia is confident of achieving the 20% revenue growth target it set for 2012 thanks to a larger fleet and more routes, Chief Executive Tassapon Bijleveld said Monday.
India RBI's Sinha: Have Suggested Conditions for Use of Telecom Bandwidth as Collateral
The Reserve Bank of India bank has put conditions for banks to accept telecommunications bandwidth as collateral, a top central bank official said Monday.
Linde to Establish Venture for Liquefied Gas as Marine Fuel
German industrial gases company Linde AG (LIN.XE) said Monday it will establish a joint venture with Marquard & Bahls AG subsidiary Bomin in order to provide liquefied natural gas as marine fuel in Europe.