Danske Bank Sees Uncertain Markets as Earnings Beat Views
Danish bank Danske Bank A/S (DANSKE.KO) Tuesday posted a much stronger-than-expected rise in second-quarter net profit helped by an improving result at its insurance business, but said it expects its earnings to remain low in 2012 amid uncertain economic conditions.
Standard Chartered Rejects US DFS Order, To Contest Position
Asian focused banking group Standard Chartered PLC (STAN.LN) said Tuesday it ceased all new business with Iranian customers in any currency over five years ago and strongly rejects the position and portrayal of facts made by the New York State department of financial services.
Xstrata Defers Capital Spend As Earnings Fall; Merger On Track
Anglo-Swiss miner Xstrata PLC (XTA.LN) Tuesday said it has deferred some of its capital expenditure for this year after reporting first-half earnings that were down by around a third, but said that timing of its growth projects remains unchanged and reaffirmed that its merger with Glencore
Xstrata Approves US$360 Million Phase 3 Expansion for McArthur River Mine
Anglo-Swiss miner Xstrata PLC (XTA.LN) said Tuesday it has approved, subject to final Australian government approval, a 360 million U.S. dollar investment to more than double capacity at Xstrata Zinc's McArthur River Mine, or MRM, in the Northern Territory from 2.5 million tons of ore to 5.5
Xstrata Copper's $1.47 Billion Antapaccay Copper Project Commissions on Time
Anglo-Swiss miner Xstrata PLC (XTA.LN) said Tuesday Xstrata Copper's 1.47 billion dollar Antapaccay copper project in southern Peru has started commissioning on time and within budget, with first copper production scheduled for October.
India Consortium Bids to Acquire Afghanistan Copper, Gold Deposits -Executive
A consortium of six Indian companies has submitted bids to acquire copper and gold deposits in Afghanistan, Hindustan Copper Ltd. (513599.BY) Chairman Shakeel Ahmed told Dow Jones Newswires Tuesday.
Globe 2Q Net Down 9.7%; Rising Costs Outpace Growth in Revenue
Globe Telecom Inc. (GLO.PH), the Philippines' second-largest telecommunications company by sales, said Tuesday second-quarter net profit fell 9.7% as the pace of revenue growth failed to keep up with rising costs, but the company still expects to maintain growth momentum into the second half as it
Fire Still Raging at Chevron Richmond Refinery; No Casualties
Fire erupted at Chevron Corp.'s (CVX) Richmond refinery in California Monday and is still raging, company and local officials said.
Esprit: To Name Jose Manuel Martinez Gutierrez as CEO
Esprit Holdings Ltd. (0330.HK) said Tuesday it will appoint Jose Manuel Martinez Gutierrez as Group Chief Executive Officer, effective in or before the end of September 2012.