BHP Billiton Profit Down 35%, Delays Approvals of Major Projects
BHP Billiton Ltd. (BHP) Wednesday reported its first drop in annual profit for three years and said it won't approve any new projects until at least mid-2013, in the biggest sign yet that the global mining boom has run its course.
China Telecom 1st Half Net Beats Expectations
Network operator China Telecom Corp. (CHA) on Wednesday reported a better-than-expected first-half net profit as user numbers grew in the face of intensifying competition.
Posen Urges BOE to Take Direct Action
The Bank of England should take more action that circumvents the banking system to stimulate the U.K. economy, outgoing Monetary Policy Committee member Adam Posen said in comments aired Wednesday.
UPS To Extend Offer For TNT Express Until November 9
United Parcel Service, Inc. (UPS) Tuesday said the offer period for UPS's public offer for TNT Express NV (TNT.AE), will be extended until 9 November 2012.
Heineken Posts Modest Growth in 2Q, Sees Flat Result For 2012
Brewer Heineken NV (HEIA.AE) Wednesday posted modest profit growth as a strong performance in emerging markets more than offset a sluggish display in Europe, while it continued to make gains in the U.S.
Coca-Cola Amatil Profit Jumps, Flags Consumer Weakness
Coca-Cola Amatil Ltd. (CCL.AU) said sales of its drinks in Australia were under pressure, even as the company reported a 61% jump in first-half profit.
Opera Software in New Pact with Google, Positive on Prospects
Norwegian web browser developer Opera Software ASA (OPERA.OS) said Wednesday it has entered into a new agreement with Google Inc. (GOOG) to integrate Google as the default search partner for the Opera mobile and desktop browsers, and said it remains positive about the company's overall growth
Shell Warns On Australian Cost Pressures
A senior Royal Dutch Shell PLC (RDSB) executive said Wednesday the cost of building energy projects in Australia is becoming "very worrisome" as the European oil giant prepares to decide whether it will spend billions more dollars in the resource-rich nation.
Speculation Grows BHP Won't Push Ahead With Olympic Dam Project
Speculation is mounting BHP Billiton Ltd. (BHP) will scale back or defer a decision on the near-US$30 billion expansion of its Olympic Dam copper and uranium mine in South Australia after the state's premier scheduled a press conference for shortly after the mining giant releases full-year earnings.
India Shares Slip on Weakness Across Asia; Bank Stocks Down
Indian shares were trading in the red early Wednesday, tracking weak sentiment across Asian markets caused by disappointing trade data in Japan and a decline on Wall Street overnight.