Xstrata: Peet Nienaber CEO Xstrata Alloys to Retire, Smit Named Acting
Xstrata PLC (XTA.LN), said Friday that Peet Nienaber, Chief Executive, Xstrata Alloys, has decided to retire for personal and family reasons, adding that Loutjie Smit will become acting Chief Executive, on an interim basis to ensure business continuity and continue integration planning for the
London, Singapore In Exchange Merger Talks: Report
Stock exchanges in London and Singapore are in early stage talks about a potential merger, which would value the combined entity at 7.2 billion pounds ($11.03 billion), according to a Thursday report by The Telegraph, which didn't say where it got the information.
WSJ: Toll Holdings Hires Advisor For Japan Unit Review
Toll Holdings Ltd. (TOL.AU) said Friday it has appointed an external advisor to help with a previously announced strategic review of its Japanese logistics unit.
Thai Ministry Mulls Oil Pipelines Worth THB15.24 Billion in North, Northeast
A Dow Jones Newswires Roundup BANGKOK--Thailand's Ministry of Energy is studying a plan to expand domestic oil transmission pipelines in the North and Northeast at an estimated investment of 15.24 billion baht ($482.3 million).
SGS Acquires France-Based Sercovam Group For Undisclosed Sum
SGS S.A. (SGSN.VX) Friday said it acquired the Sercovam Tests Laboratory Group headquartered in Cestas, France, for an undisclosed sum. MAIN FACTS: - Sercovam is a leading test laboratories group with state of the art facilities in Etupes and Cestas in France and sales offices in Spain and Italy. -
PREVIEW: India Cement Makers May Post Bigger Profits, Sales on Rising Demand
TAKING THE PULSE: Indian cement companies are expected to post higher net profits and sales in the quarter ended June 30 thanks to better product prices and increases in sales volumes.
Malaysia's Securities Commission Spokeswoman: Sime Darby Director Arrested for Alleged Insider Trading
A director of Malaysian conglomerate Sime Darby Bhd. (4197.KU) has been arrested for alleged insider trading, a spokeswoman at the country's Securities Commission said Friday. Sreesanthan Eliathamby, an independent non-executive director of Sime Darby, will be charged at a session court later in
ANZ CEO Says Will Stay Course, Create Super-Regional Bank
Chief Executive of Australia & New Zealand Banking Group Ltd. (ANZ.AU), Mike Smith, said he will stay the course in his current role as he strives to turn Australia's third-largest lender by market value into a super-regional bank.
India Home Ministry Denies Clearance for 3 Iranian Banks - Report
India's home ministry has denied permission to three Iranian banks to open branches in India, which could hurt oil refiners' plans in settling trade with Tehran, the Indian Express newspaper reported Friday, citing unnamed ministry officials.
Ecuador Minister: Met With China's ICBC On Strategic Projects
QUITO, Ecuador--Ecuador's Minister Coordinator of Strategic Sectors Jorge Glas said Thursday that he has met with a delegation from the Industrial & Commercial Bank of China Ltd. (601398.SH), which is interested in financing strategic projects in the Andean country.