Canada International Reserves Up $143 Million in Week Ended Aug 8
Canada's official international reserves rose $143 million in the week ended Aug. 8, the Bank of Canada reported on its website.
Bumi CEO: Looking at Selling Noncore Assets to Cut Debt
U.K.-listed Indonesian coal producer Bumi PLC (BUMI.LN, VLLRF) is looking to monetize noncore assets to pay down part of a loan owed to China Investment Corp. and other outstanding debt, Chief Executive Nalin Rathod said Thursday.
Colombia Coal Production Rises 15% in First Six Months of '12
Colombia's coal production during the first half of the year was 46.5 million metric tons, a 15% increase from that period of 2011, deputy mines minister Henry Medina said Thursday.
Slow Wireless Subscriber Growth Highlights Industry Challenges
The slow growth in contract customers at U.S. wireless companies in the second quarter points to anticipation of a new Apple Inc. (AAPL) iPhone but also indicates the withering inertia of an industry.
Oil Futures Inch Up; Natural Gas Off Highs
Crude-oil futures edged higher Thursday on expectations of more monetary easing and as a tropical storm in Mexico closed down oil installations there.
Manchester United IPO a Risky Game
English soccer club Manchester United is perhaps the most popular professional sports team in the world. The question facing investors is whether that global popularity makes it a good investment.
GDF Suez To Spread Out Natural-Gas Price Increase at Government's Request
French utility GDF Suez SA (GSZ.FR) has agreed to a government request to spread out a price increase in natural gas sold to residential customers, the country's finance and ecology ministers said in a statement.
Gold Inches Higher To Settle At Best In a Week
Gold futures ticked higher Thursday as investors continued to believe more monetary easing across the globe is forthcoming.
SciClone Jumps 17% In Wake Of Earnings Report
Shares of SciClone Pharmaceuticals jumped 17% to $5.95 on Thursday, the day after the biotech group issued a positive quarterly earnings report.
Barclays to Tap Walker as Chairman
Barclays revealed on Thursday that David Walker, a former British Treasury official, would succeed Marcus Agius as chairman beginning in November.