(Reuters) - Drilling company Hercules Offshore Inc. said on Monday it would evacuate all nonessential expatriate workers from Nigeria and temporarily stop operating liftboats for Chevron Nigeria Ltd. due to unrest in the country.
The company said it had developed a security plan with Chevron that called for Hercules to evacuate some staff and move 10 liftboats to a more protected part of Nigeria and stop operating them.
Read more at Reuters Africa
Monday, May 14, 2007
Anglo buys stake in Brazilian iron ore project
(Reuters) - The agreement was with with MMX Mineracao Metalicos S.A.
Read more at Reuters.com Mergers News
Read more at Reuters.com Mergers News
Japanese Government Bonds Fall Before GDP Report, Speech by BOJ's Fukui
(Bloomberg) -- Japan's government bonds dropped before a government report in two days that may show the world's second-largest economy is outpacing U.S. growth.
Ten-year yields rose to match a three-week high before Bank of Japan Governor Toshihiko Fukui speaks at a press conference on May 17, the same day the government announces its first quarter economic growth. Bonds declined last week after Fukui said interest rates remain ``very low'' given the strength of the economy.
Read more at Bloomberg Bonds News
Ten-year yields rose to match a three-week high before Bank of Japan Governor Toshihiko Fukui speaks at a press conference on May 17, the same day the government announces its first quarter economic growth. Bonds declined last week after Fukui said interest rates remain ``very low'' given the strength of the economy.
Read more at Bloomberg Bonds News
UPDATE 1-D.Post Q1 profit at top end of forecasts
(Reuters) - Earnings before interest and tax were 998 million euros , Deutsche Post said in a statement on Tuesday. Sales rose 4.4 percent to 15.5 billion euros.
The average forecast in a Reuters poll of 14 analysts was for EBIT of 917 million euros, with estimates ranging from 824 million to 1.01 billion.
Read more at Reuters.com Market News
The average forecast in a Reuters poll of 14 analysts was for EBIT of 917 million euros, with estimates ranging from 824 million to 1.01 billion.
Read more at Reuters.com Market News
Murdoch May Win Over Bancrofts With Hands-Off Vow on Wall Street Journal
(Bloomberg) -- Rupert Murdoch's pledge to protect the independence of the Wall Street Journal may help convince the least-reluctant members of the family that controls Dow Jones & Co. to support his $5 billion bid.
In a letter sent May 11 and disclosed yesterday, Murdoch promised the Bancroft family an autonomous editorial board for the Wall Street Journal. He also offered the family a seat on board of New York-based News Corp., the media company he runs.
Read more at Bloomberg Currencies News
In a letter sent May 11 and disclosed yesterday, Murdoch promised the Bancroft family an autonomous editorial board for the Wall Street Journal. He also offered the family a seat on board of New York-based News Corp., the media company he runs.
Read more at Bloomberg Currencies News
Simmers says gold mine strike ends
(Reuters) - South Africa's Simmer & Jack Mines Ltd has reached an agreement with gold miners to end a four-day strike at its Buffelsfontein mine, the company said on Monday.
The firm said it reached an agreement on pay with the National Union of Mineworkers on Saturday and that workers reported for the evening shift on Sunday.
Read more at Reuters Africa
The firm said it reached an agreement on pay with the National Union of Mineworkers on Saturday and that workers reported for the evening shift on Sunday.
Read more at Reuters Africa
Miners drag FTSE into the red, data looms
(Reuters) - Britain's index of 100 leading shares fell 0.3 percent on Monday, dragged down by miners and as investors braced for inflation data only days after the Bank of England suggested further tightening could be in store.
Miners accounted for 60 percent of the index's decline, with Lonmin topping the index's losers, down 3.4 percent after a UBS downgrade.
Read more at Reuters Africa
Miners accounted for 60 percent of the index's decline, with Lonmin topping the index's losers, down 3.4 percent after a UBS downgrade.
Read more at Reuters Africa
Mvela Group issues shares to boost BEE credentials
(Reuters) - South African black-owned holding company Mvelaphanda Group Ltd plans to issue 124 million option-holding shares to black groups to boost its black empowerment credentials, the firm said on Monday.
"Securing and enhancing these BEE (black economic empowerment) credentials is critical to the ongoing success of Mvela Group and its ability to attract new investment opportunities," a statement said.
Read more at Reuters Africa
"Securing and enhancing these BEE (black economic empowerment) credentials is critical to the ongoing success of Mvela Group and its ability to attract new investment opportunities," a statement said.
Read more at Reuters Africa
Shenhua April Coal Output Climbs 6.1 Percent as China Energy Demand Rises
(Bloomberg) -- China Shenhua Energy Co., the nation's largest coal producer, increased coal production 6.1 percent in April to meet rising demand in the world's fastest- growing major economy.
Shenhua Energy produced 12.1 million metric tons of coal compared with 11.4 million tons a year earlier, the company said on its Web site yesterday. Coal sales rose 11 percent to 15.8 million tons.
Read more at Bloomberg Energy News
Shenhua Energy produced 12.1 million metric tons of coal compared with 11.4 million tons a year earlier, the company said on its Web site yesterday. Coal sales rose 11 percent to 15.8 million tons.
Read more at Bloomberg Energy News
South Korean Brokers' Profit Drops 28 Percent as Equity Trading Declines
(Bloomberg) -- Profits at Samsung Securities Co. and other securities companies in Korea dropped 28 percent in the latest fiscal year as investors traded smaller amounts of equities.
Net income at 54 brokers fell to 2.66 trillion won ($2.88 billion) in the year ended March 31, compared with 3.71 trillion won a year earlier, the nation's Financial Supervisory Service said in an e-mailed statement today.
Read more at Bloomberg Emerging Markets News
Net income at 54 brokers fell to 2.66 trillion won ($2.88 billion) in the year ended March 31, compared with 3.71 trillion won a year earlier, the nation's Financial Supervisory Service said in an e-mailed statement today.
Read more at Bloomberg Emerging Markets News
BMW, Bouygues, Bulgari, PPR, Thales, Valentino: European Equity Preview
(Bloomberg) -- The following stocks may rise or fall in European markets. Prices are from the last close.
The Dow Jones Stoxx 600 slipped 0.2 percent to 388.96. The Dow Jones Stoxx 50 Index dropped 0.3 percent to 3872.62. The Euro Stoxx 50 Index, a benchmark for the 13 nations using the euro, declined 0.2 percent to 4413.72.
Read more at Bloomberg Stocks News
The Dow Jones Stoxx 600 slipped 0.2 percent to 388.96. The Dow Jones Stoxx 50 Index dropped 0.3 percent to 3872.62. The Euro Stoxx 50 Index, a benchmark for the 13 nations using the euro, declined 0.2 percent to 4413.72.
Read more at Bloomberg Stocks News
Buffett Battles Bush as Corporate-Jet Owners Fight Proposed Tax Increase
(Bloomberg) -- U.S. airlines, which already share the sky with corporate jets, are pushing to share their tax burden too.
President George W. Bush is proposing to cut the amount passenger carriers such as American Airlines and Continental Airlines pay in federal taxes each year by $1.68 billion. Most of that obligation would be shifted to small-jet operators, including General Motors Corp., Exxon Mobil Corp. and NetJets Inc., the business-jet charter company owned by Warren Buffett's Berkshire Hathaway Inc.
Read more at Bloomberg Exclusive News
President George W. Bush is proposing to cut the amount passenger carriers such as American Airlines and Continental Airlines pay in federal taxes each year by $1.68 billion. Most of that obligation would be shifted to small-jet operators, including General Motors Corp., Exxon Mobil Corp. and NetJets Inc., the business-jet charter company owned by Warren Buffett's Berkshire Hathaway Inc.
Read more at Bloomberg Exclusive News
IOI Stock Gains After Third-Quarter Profit Surges on Higher Palm-Oil Price
(Bloomberg) -- Shares of IOI Corp., the world's largest oil-palm planter, had their biggest gain in a month after third-quarter profit jumped 83 percent, the highest quarterly growth in more than four years, on higher palm oil prices.
Profit rose to 392.2 million ringgit ($115 million) in the three months ended March 31, from 214.8 million ringgit a year earlier, Putrajaya, Malaysia-based IOI said in a statement in Kuala Lumpur yesterday.
Read more at Bloomberg Commodities News
Profit rose to 392.2 million ringgit ($115 million) in the three months ended March 31, from 214.8 million ringgit a year earlier, Putrajaya, Malaysia-based IOI said in a statement in Kuala Lumpur yesterday.
Read more at Bloomberg Commodities News
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