Numbers of Germans out of work rose for the ninth month running in December but held close to a post-reunification low, adding to signs Europe's largest economy remains relatively unscathed by the region's crisis. Labour Office data ...
Business Standard reported that NPCIL-Nalco Power Company Limited a JV between Nalco and NPCIL to set up nuclear plants will raise a term loan of up to INR 1,500 crore over the next three months to fund the construction of power generation ...
Nord Resources Corporation which is producing copper at its Johnson Camp Mine in Arizona announced that it entered into a new copper cathode sales agreement with Red Kite Master Fund Limited for 100% of the production from the Johnson Camp ...
Tags: Nord Resources, Copper Sales Agreement, mining, Mineral
Reuters quoted Concord Energy saying that an oil storage terminal being built in the UAE port of Fujairah by Singapore based Concord Energy and a subsidiary of China's Sinopec is expected to start operations by late next year. Asia's ...
Tags: Oil Storage, Oil, Energy, oil products
ONGC, which had hired Citigroup, RBS and Standard Chartered to rate the bond issue, will use proceeds to fund the acquisition of stakes it bought in the Azerbaijan oilfields late last year. The company had bought US energy company Hess ...
Tags: ONGC, hydrocarbons, gas, oil
Associated Press reported that aluminum producer Alcoa Inc launches the fourth quarter earnings season on Tuesday after the markets close. The sluggish global economy, including slower growth in China and the debt crisis in Europe, has ...
Tags: Alcoa, aluminum producer, aluminum, aluminum industry
AAP reported that Fortescue Metals Group shares are heading towards a 6 month high after breaking through USD 5 amid global optimism and an increase in the iron ore price. The Pilbara focused iron ore miner closed 2.4% higher at USD ...
Tags: Fortescue Metals Group, shares, iron ore price, company news
The sharemarket ended its winning streak yesterday on concerns that stimulus measures in the US may be scaled back sooner than expected. The minutes of the Federal Reserve's policy meeting of last month showed disagreement among members ...
Tags: sharemarket, stimulus measures, US, Federal Reserve
The sharemarket fell today, led by resources stocks after minutes of the Federal Reserve's December policy meeting sparked concern US stimulus measures might be scaled back sooner than expected. The Fed minutes, released Thursday, showed ...
Tags: sharemarket, resources stocks, Federal Reserve, Fed minutes
Rubicon Technology Inc of Bensenville, IL, USA, which makes monocrystalline sapphire substrates and products for the LED, RFIC, semiconductor and optical industries, has closed a three-year $25m secured revolving credit facility with ...
Tags: Rubicon Technology, sapphire substrates, LED, credit facility
ukrainianjournal reported that Boryspil and Chernihiv automobile plants, large Ukrainian vehicle manufacturers in Ukraine, which are part of the Etalon Corporation, will be idle in January and February 2013 due to the absence of funds to ...
Tags: auto plants, automobile plants, vehicle manufacturers, vehicle
ThyssenKrupp has completed the combination of its stainless steel business Inoxum with the Finnish company Outokumpu. With closing of the deal ThyssenKrupp will receive EUR 1 billion in cash from Outokumpu for Inoxum. In addition ...
Tags: ThyssenKrupp, stainless steel, German, Finland, combination, Inoxum
Business Standard reported that the Mr Miglani family, joint owner with ArcelorMittal of Uttam Galva Steels, has completed the acquisition of Lloyds Steel by reconstituting its board. The company is now in talks with private equity ...
Tags: Mr Miglani family, ArcelorMittal of Uttam Galva Steels, acquisition
The sharemarket closed higher for a second day yesterday, buoyed by a last-minute budget deal in the US that drove global equities and commodity prices sharply higher on Wednesday night. The benchmark S&P/ASX 200 finished up 0.7 per cent ...
Tags: sharemarket, US, global equities, commodity prices
The sharemarket started the new year with a bang as US politicians agreed on a budget deal to avoid the worst of the so-called fiscal cliff, which had threatened to derail the world's biggest economy. The benchmark S&P/ASX 200 closed up ...
Tags: sharemarket, bang, US, fiscal cliff