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Australia coal firms dig in for years of mine closures, job cuts
Reuters* Coal producers face too much supply through 2020 * Will be forced to make deeper cuts, shed more mines * Big firms best placed to weather downturn * Junior miners struggle to get funding By Rebekah Kebede PERTH, May 24 (Reuters) - Australian coal...Tags: Rentals, China, Metal and Mineral, Job Layoffs, Stock Broking
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One dead, around 10 injured in Guinea opposition protest
ReutersCONAKRY (Reuters) - One person was killed and around 10 injured when security forces and supporters of Guinea's president clashed with protesters marching in the capital on Thursday against planned legislative elections. President Alpha Conde's opponents...Tags: Brazil, Africa, Demonstration, Hospitals and Clinics, Alpha Conde
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EUROPE RESEARCH ROUNDUP: ARM Holdings, Anglo American, Statoil, Bayer
ReutersMay 23 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Anglo American, Bayer and Thomas Cook Group, on Thursday. HIGHLIGHTS * ARM Holdings PLC : Exane BNP Paribas cuts to neutral from...Tags: Weight, BNP Paribas, ARM Holdings Plc, Ratings, SABMiller plc
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Deals of the day -- mergers and acquisitions
ReutersMay 22 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday: ** Clearwire Corp said its special committee and its board of directors approved Sprint Nextel Corp's sweetened offer to take over the...Tags: Global Alumina Corporation, Manufacturing and Engineering, Bankruptcy, China, Global Expansion
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Ford to close Australia auto plants
ReutersSYDNEY (Reuters) - Ford Motor Co said on Thursday it is closing its two Australian auto plants and will cease production in the country in October 2016. Ford Australia Chief Executive Bob Graziano said the company will close its engine plant in Geelong...Tags: Ford, Manufacturing and Engineering, Ford Motor Co., Lifestyle and Leisure, Foreign Exchange Market
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Uralkali to delay potash expansion if BHP mine proceeds
ReutersWINNIPEG, Manitoba, May 22 (Reuters) - Russia's Uralkali OAO would delay two of its potash mine expansion projects for as long as a decade if rival BHP Billiton gave final approval to building the world's biggest mine of the crop nutrient, Uralkali's...Tags: Russia
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Australia shares down 0.6 pct as mining services slump, banks retreat
Reuters(Adds details, comments) SYDNEY, May 21 (Reuters) - Australian shares fell 0.6 percent on Tuesday, with banks taking a break from recent sharp gains while a series of profit warnings took a heavy toll on mining services firms. Investors were also...Tags: New Zealand, Metal and Mineral, Federal Reserve, Non Ferrous Metal, Finance
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PRESS DIGEST-Australian Business News - May 21
ReutersCompiled for Reuters by Media Monitors. Reuters has not verified these stories and does not vouch for their accuracy. THE AUSTRALIAN FINANCIAL REVIEW (www.afr.com) CLP Group, in a first-quarter report released yesterday, signalled it does not expect...Tags: Dwayne Johnson, Banking, Metal and Mineral, Bank of America Corp., Hong Kong
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COLUMN-Commodity companies' cost-cutting stampede yet to work: Clyde Russell
Reuters--Clyde Russell is a Reuters market analyst. The views expressed are his own.-- By Clyde Russell LAUNCESTON, Australia, May 20 (Reuters) - If you ever needed an example of the corporate herd mentality, then look no further than the stampede of cost-...Tags: China, Petroleum Industry, Metal and Mineral, PetroChina Company Limited, Glencore International AG
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FACTBOX-Petrobras, BG, OGX, Total, BP top Brazil oil auction winners list
ReutersMay 15 (Reuters) - Brazil's petroleum agency, the ANP, sold rights to 142 oil and gas exploration areas to 39 companies from 12 countries on Tuesday. It was the first auction since 2008. Brazil racked up a record 2.82 billion reais ($1.4 billion) for the...Tags: Auction Service, Brazil, BP Plc, Energy Resources, Petroleum Industry
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Colombia coal output slides 21.4 pct in 1st qtr - gov't
ReutersBy Eduardo Garcia BOGOTA, May 15 (Reuters) - Colombia, the world's fourth-largest exporter of coal, said on Wednesday it produced 18.4 million tonnes of coal in the first quarter, a drop of 21.4 percent from the same quarter last year, due to labor...Tags: Labor Disputes, Career and Workplace, National Government, Anglo American Plc, Colombia
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TABLA-Petrobras, BG, OGX, Total y BP, mayores ganadores en subasta petrolera de Brasil
Reuters15 mayo (Reuters) - La agencia petrolera de Brasil, ANP, vendió 142 derechos para exploraciones de gas y petróleo a 39 empresas de 12 países, en la primera subasta desde 2008. Brasil consiguió un récord de 2.820 millones de reales (1.400 millones de...Tags: BP Plc, Exxon Mobil Corporation, BG Group Plc.
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