Petra Diamonds Ltd. (PDL.LN) is focused on developing its portfolio of diamond mines in Africa rather than pursuing acquisitions but keeps a close eye on opportunities given the scarcity of large diamond deposits globally, the company’s chief executive said. …read more
Source: FULL ARTICLE at Fox Business Headlines
Tag Archives: LN
Glencore Considers Listing in Johannesburg – Source
Commodities titan Glencore International PLC (GLEN.LN) is considering a secondary listing on the Johannesburg Stock Exchange once it has completed its merger with Anglo-Swiss miner Xstrata PLC (XTA.LN), a person familiar with the matter said Thursday. …read more
Source: FULL ARTICLE at Fox Business Headlines
Xstrata: Collahuasi Ore Reserves Increased 10%
Miner Xstrata PLC (XTA.LN) said Thursday that the Compa��a Minera Do�a In�s de Collahuasi SCM has announced a significant increase to its Mineral Resources and Ore Reserves following its 2012 resources estimation process. …read more
Source: FULL ARTICLE at Fox Business Headlines
Barclays to Cut 275 N.Y. Employees
Barclays PLC (BCS, BARC.LN) plans to cut 275 New York employees as part of a broad strategic overhaul of the company set to be publicly presented by Chief Executive Antony Jenkins next Tuesday. …read more
Source: FULL ARTICLE at Fox Business Headlines
Barclays to Cut 275 N.Y. Employees as Part of Strategic Review
Barclays PLC (BCS, BARC.LN) plans to cut 275 New York employees as part of a broad strategic overhaul of the company set to be publicly presented by Chief Executive Antony Jenkins next Tuesday. …read more
Source: FULL ARTICLE at Fox Business Headlines
BP To Contest $34 Billion Gulf Suits From State, Local Governments
BP PLC (BP.LN) plans to “vigorously contest” legal claims for tens of billions of dollars in damages stemming from the 2010 Gulf of Mexico disaster, describing the lawsuits as “seriously flawed.” Demands from U.S. state and local governments for $34 billion risk ballooning BP‘s overall bill for the Deepwater Horizon rig explosion and oil spill to more than $90 billion, more than double the amount the U.K oil giant has already provisioned for and underscores how after almost three years the Deepwater Horizon disaster still weighs on BP. …read more
Source: FULL ARTICLE at Fox Business Headlines
Anglo American to Invest $11.3 Billion in South African Platinum Business
Globally diversified miner Anglo American PLC (AAL.LN) plans to invest 100 billion rand ($11.3 billion) in its South African platinum business, Anglo American Platinum Ltd. (AMS.JO), over the next decade but changes need to be made to the business in order to make it sustainable, the company’s chief executive said Tuesday.
Source: FULL ARTICLE at Fox Business Headlines
Anglo American CEO: to Invest $11.3 Billion in Anglo Platinum Over Next Decade
Globally diversified miner Anglo American PLC (AAL.LN) plans to invest 100 billion rand ($11.3 billion) in its South African platinum business, Anglo American Platinum Ltd. (AMS.JO), over the next decade but changes need to be made to the business in order to make it sustainable, the company’s chief executive said Tuesday.
Source: FULL ARTICLE at Fox Business Headlines
BG Group to Miss 2015 Output Target as Profits Fall
BG Group PLC (BG.LN) said Tuesday that its fourth-quarter headline earnings fell 29%, on the combination of higher oil and gas production costs and lackluster output growth due to shutdowns at major fields.
Source: FULL ARTICLE at Fox Business Headlines
FTSE Policy Group Finds in Favor Of Proposed Treatment of Glencore
FTSE said Monday that following an appeal submission by Glencore International PLC (GLEN.LN) in relation to the treatment notice announced Jan. 15, and in particular with the treatment of pre-existing restricted shareholders post merger with Xstrata PLC (XTA.LN), the FTSE Policy Group finds in favor of the proposed treatment.
Source: FULL ARTICLE at Fox Business Headlines
Barclays Raises Euro Forecasts Against Dollar, Pound
Barclays PLC (BCS, BARC.LN) said Monday that it raised its forecasts for the euro exchange rate against the dollar and pound, citing an improvement in the euro-zone economy.
Source: FULL ARTICLE at Fox Business Headlines
Barclays Finance Director Chris Lucas to Retire
Barclays PLC (BARC.LN) said Monday Group Finance Director Chris Lucas and Group General Counsel Mark Harding plan to retire, but have agreed to remain in their roles until successors have been appointed and an appropriate handover completed.
Source: FULL ARTICLE at Fox Business Headlines
Shell, Petronas, ConocoPhillips Agree to Develop Malikai Field Offshore Malaysia
Royal Dutch Shell PLC (RDSB.LN) unit Shell Malaysia said Monday that it has agreed with its partners Petronas Carigali Sdn Bhd and ConocoPhillips Sabah Ltd. to develop a deep-water oil field offshore Sabah state.
Source: FULL ARTICLE at Fox Business Headlines
Two Top Barclays Executives Resign
Two top Barclays PLC (BCS, BARC.LN) executives announced their resignations Sunday, as the giant British bank swept out some of the last vestiges of its scandal-plagued prior management team.
Source: FULL ARTICLE at Fox Business Headlines
RBS Plans Branch IPO Amid Weak Trade Interest-Report
The Royal Bank Of Scotland Group PLC (RBS.LN) is planning to float the 316 branches it failed to sell to Banco Santander SA (SAN) last year because it hasn’t received significant interest from other trade buyers, the Sunday Telegraph reported without citing sources.
Source: FULL ARTICLE at Fox Business Headlines
China Approves Ping An Stake Sale to Thai Conglomerate
HSBC Holdings PLC (0005.HK, HBC, HSBA.LN) and the Thai company buying its US$9.39 billion stake in Chinese insurer Ping An Insurance (Group) Co. (2318.HK, 601318.SH) won approval from Chinese regulators for the larger part of the deal to go ahead, ending weeks of skepticism over whether the sale would be completed.
Source: FULL ARTICLE at Fox Business Headlines
HSBC: China Regulatory Commission Approves Ping An Stake Sale
HSBC Holdings PLC (HSBA.LN) said Friday that the China Insurance Regulatory Commission, or CIRC, has approved its sale of its 15.57% stake in Ping An Insurance to Charoen Pokphand Group Company Ltd.
Source: FULL ARTICLE at Fox Business Headlines
U.K. Looking Into Possible Barclays Loan to Qatar Investors in 2008 -FT
U.K. regulators are looking into whether Barclays PLC (BARC.LN, BCS) lent money to Qatari investors that was used toward a 2008 investment in the bank, the Financial Times reported Thursday.
Source: FULL ARTICLE at Fox Business Headlines
HSBC Injects $500 Million into Mexican Subsidiary
HSBC Holdings PLC (HBC, HSBA.LN, 0005.HK) said Thursday it has injected $500 million into its Mexican subsidiary to help shore up the Mexican bank’s capital levels.
Source: FULL ARTICLE at Fox Business Headlines
Deadline Looms on Talks Between IAG's Iberia, Unions
Willie Walsh, the combative boss of International Consolidated Airlines Group SA (IAG.LN, IAG.MC), appears to be in a strong position as a deadline looms on make-or-break talks with Spanish labor unions about the future of the group’s Iberia unit.
Source: FULL ARTICLE at Fox Business Headlines