(ChinaPost.com.tw) – West African-focused Avocet Mining said it bought back 20 percent of its gold hedge book to give it greater exposure to the metal’s record high prices at a time when its costs of production are rising.
(ChinaPost.com.tw) – Clorox on Tuesday rejected the latest buyout offer from billionaire investor Carl Icahn, after he raised his bid for the cleaning-products company last week. “Our board has carefully considered Mr. Icahn’s revised proposal and concluded that it is inadequate and unlikely to be completed,” Clorox’s lead director Gary Michael said a statement.
Bank Indonesia menyatakan bahwa sistem pembayaran non tunai siap melayani kebutuhan masyarakat dalam menyambut Hari Raya Idul Fitri 1432 H.
(ChinaPost.com.tw) – The European Union has filed a complaint against China over anti-dumping duties imposed by Beijing on European —ray security scanners, the World Trade Organization (WTO) said on Tuesday.
(ChinaPost.com.tw) – Officials say the Obama administration is close to a deal with automakers to boost fuel economy. Officials familiar with talks between the White House and automakers say recent changes to make it easier for light trucks to become more fuel efficient have lowered the proposal to 54.5 miles per gallon (23.17 kilometers per liter) by 2025. Last month, the administration floated a 56.2 miles per gallon (23.89 kilometers per liter) target.
(ChinaPost.com.tw) – LG Electronics, a top global manufacturer of mobile phones and flat-screen TVs, said second-quarter net profit plunged as sales declined and its mobile phone business remained in the red.
(ChinaPost.com.tw) – French auto group PSA Peugeot Citroen reported a first-half net profit rise of 5 percent on Wednesday but its outlook for the year disappointed the market and the shares fell by 6.14 percent to 27.69 euros.
(ChinaPost.com.tw) – ArcelorMittal said Wednesday that second-quarter net profit fell 11 percent from a year earlier, mostly due to a year-earlier gain, but the world’s largest steelmaker maintained a positive outlook for the second half of 2011.
(ChinaPost.com.tw) – British workers put pay above job satisfaction when changing jobs, in a reversal of priorities from last year, a survey showed on Wednesday.
(ChinaPost.com.tw) – China’s top hypermarket operator Sun Art Retail group soared as much as 41 percent on its Hong Kong trading debut Wednesday, after raising US$1.06 billion from its initial public offering.