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.
Heritage Oil Announces Up To $370 Million Rights Issue To Fund Nigeria Purchase
U.K. explorer Heritage Oil PLC (HOIL.LN) Monday provided more details about its planned rights issue to help fund the 850 million dollar purchase of Royal Dutch Shell PLC's (RDSB) most prolific oil block in Nigeria as it reported higher oil output during the first half of the year.
Citigroup Launches Investment Banking Joint Venture With Orient Securities
Citigroup Inc. (C) has finally gained access to China's fast-growing capital market with the launch Monday of an investment banking joint venture in the country.
Moody's Puts Sony Rating on Review For Cut
In another sign of the potential downward spiral facing Japan's technology firms, Moody's Investors Service Monday placed Sony Corp.'s (6758.TO) long-term credit rating under review for a possible downgrade, citing the yen's strength, weak demand and "structural challenges" at the one-time king of
Philippines Launches Probe Of Philex Padcal Mine Tailings Leak
The Philippine government Monday began an investigation into the leakage of wastewater into a river last week from Philex Mining Corp.'s (PX.PH) Padcal copper-gold mine in the country's north.