Cartier is closing accounts at a number of stores that sold its high-end watches, National Jeweler has learned, making it the second high-profile brand to cut retailers this month.
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But, the large-caps did manage to swing back into positive territory, with the FTSE 100 ending the week up 76.3 points to 5354.2 following strong showings from mining shares and Serco, the support services group, which rose 32 to 553p. The company, which
BHP Billiton have revealed the company’s proposed $17 billion Yeelirrie uranium mine could threaten vulnerable animal species previously found in the area. The resource giant’s preliminary environmental report for what may be Australia’s first major
The Toronto Stock Exchange was hovering near flat for most of the morning on Friday, and showing a small decline at midday. The S&P/TSX composite index was down about five points, or 0.1%, to 11,625. Energy and materials were down despite higher
BULAWAYO – Zimbabwe is pressing ahead with plans to to local ownership despite objections that the policy would hurt the country’s economic recovery, a minister said on Friday. President Robert Mugabe’s government in 2007 passed an indigenisation and
END-OF-DAY REPORT: Headline shares ended the day with strong gains, shrugging off disappointing results at Lloyds, investors bullish after rising consumer confidence data and a welcome Q4 2009 GDP revision to 0.3%. At the close of business, the FTSE100
Weatherly International Plc, a UK-based base metals producer, has received approval from the Namibian Competition Commission to sell its Tsumeb smelter business operated by its wholly-owned subsidiary Namibia Custom Smelters (Pty), Ltd. (NCS) to Dundee
/FSC/ – Mega Precious Metals Inc. (MGP – TSX Venture), (“Mega”) announced today that it acquired ownership of 1,900,000 common shares of Rolling Rock Resources Corporation (“Rolling Rock”) (representing approximately 3.6% of the currently outstanding
Nine financial institutions will extend a loan to a private consortium led by the Metrobank group to finance the construction of a 164-megawatt coal-fired power plant in Iloilo province, First Metro Investment Corp. (FMIC) said. Arsenio Kenneth Ona, FMIC
MOSCOW, RUSSIA — (Marketwire) — 02/25/10 — Bluecone Limited (‘Bluecone’), a subsidiary of OAO Severstal (‘Severstal’) (LSE: SVST)(RT CHMF), with offices at 6 Karaiskakis Street, City House, P.C. 3032, Limassol, Cyprus announced today that it acquired
(corrects name of Brazilian company in 2nd graf) ).- Venezuela plans to buy some 90,000 tons of iron briquets from Brazil between March and May to meet demand in the construction and oil sectors, Caracas daily El Universal reported Friday. The paper
asia mw power plant mw power plant » asia ABOITIZ POWER CORP. is planning to put up a 200- to 300-megawatt coal-fired power plant in the southern part of Mindanao as it moves to further diversify its power generation business. In a briefing Wednesday
* Miners, oils rally; commodity prices rebound * Financials mostly firmer; Lloyds top faller after results * Fourth-quarter UK GDP revised up to 0.3 percent. LONDON, Feb 26 – Firmer miners and energy stocks, bolstered by rebounding commodity prices,
Sotheby’s has put a 5.16 carat De Beers blue diamond ring on sale in Hong Kong, which has been estimated to fetch up to £3.8m at auction. The pear-shaped internally flawless fancy vivid blue diamond is from the De Beers Millennium Jewels Collection
Mining Magazine > Panorama > Boart Longyear’s new rig flies forth
* FTSEurofirst 300 index up 1.1 percent * U.S. data paints mixed picture for economy * Banks in demand; Lloyds slips after results By Harpreet Bhal LONDON, Feb 26 – European shares closed higher on Friday, as upbeat economic growth numbers from the
Can-Eng Furnaces International Ltd., Niagara Falls, N.Y., recently commissioned a complete modular solution treating system, including precision air quenching, and artificial aging, for Albany Chicago Co. LLC. The customer is a custom aluminum die caster
NEW YORK, Feb 26 (Reuters) – Increased production levels and a tight concentrates market will be the main sticking points between miners and smelters negotiating zinc treatment charges at this year’s American Zinc Association’s conference, industry
LONDON, Feb. 26 (UPI) — A Hong Kong-based company has agreed to pay a record $35.3 million for a rough diamond the size of a chicken egg, Petra Diamonds said Friday.
Standard & Poor’s Mike McGlone says the development of the company’s commodities index has helped the asset class grow in popularity. The development of the S&P GSCI has opened up the area of commodity indices, enabling the asset class to become an
BMO Capital Markets to Provide Outlook for Commodities at 19th Annual Global Metals & Mining Conference PR Newswire TORONTO, Feb. 26 – Bart Melek, Global Commodity Strategist, to host conference call for media live from BMO’s Metals & Mining conference -