Globe 2Q Net Down 9.7%; Rising Costs Outpace Growth in Revenue
Globe Telecom Inc. (GLO.PH), the Philippines' second-largest telecommunications company by sales, said Tuesday second-quarter net profit fell 9.7% as the pace of revenue growth failed to keep up with rising costs, but the company still expects to maintain growth momentum into the second half as it
Fire Still Raging at Chevron Richmond Refinery; No Casualties
Fire erupted at Chevron Corp.'s (CVX) Richmond refinery in California Monday and is still raging, company and local officials said.
Esprit: To Name Jose Manuel Martinez Gutierrez as CEO
Esprit Holdings Ltd. (0330.HK) said Tuesday it will appoint Jose Manuel Martinez Gutierrez as Group Chief Executive Officer, effective in or before the end of September 2012.
Sinopec Group 1st Half 2012 Overseas Oil, Gas Output up 24.02% on Year
China Petrochemical Corp., known as Sinopec Group, said Tuesday that its overseas equity oil-and-gas output owned by subsidiary Sinopec International Petroleum Exploration & Production Corp. rose by 2.52 million tons of oil equivalent in the first half of 2012, up 24.02% from a year earlier.
PLDT 2Q Net Profit PHP9.42 Billion, Down 11%
Philippine Long Distance Telephone Co. (TEL.PH) said Tuesday net profit in the second quarter dropped 11% from a year earlier as higher expenses, partly due to network upgrading costs, offset strong revenue growth.
China Citic Bank to Tap Construction Bank Executive as President - Report
Vice President of state-owned China Construction Bank Zhu Xiaohuang will soon be named president of China Citic Bank Corp (0998.HK), the nation's seventh largest bank by assets, Caixin magazine reported on Tuesday, citing unnamed sources.
Australia's RBA Keeps Key Rate On Hold At 3.5%
The Reserve Bank of Australia kept its key cash rate on hold at 3.5% Tuesday, as widely expected.
INTERVIEW: ASX Mulls Revised Grain Contracts To Boost Trading Volume - Executive
ASX Ltd. (ASX.AU), Australia's dominant exchange, is looking to rejig its grain futures contracts in a bid to capture business from the country's growing role as Asia's breadbasket, a senior executive at the exchange said Tuesday.
Former candidate Santorum to speak at GOP convention
Republican presidential candidate Mitt Romney's former rival for his party's nomination Rick Santorum will speak at the nominating convention in Tampa, Florida, later this month.