Glencore’s new mines, Africa help boost copper output
LONDON (Reuters) – Miner and trader Glencore Xstrata reported copper production increased by a fifth in the first six months of 2013, driven by the ramp-up of mines replacing depleted operations and a stronger performance in Congo.
Fonterra’s milk products chief resigns after botulism scare
WELLINGTON (Reuters) – The head of Fonterra’s New Zealand milk products business resigned on Wednesday, less than two weeks after the world’s biggest dairy exporter said some of its products could contain a bacteria that can cause botulism.
German economy beats forecasts to grow by 0.7 percent in second quarter
BERLIN (Reuters) – The German economy grew by its strongest rate in more than a year in the second quarter, beating forecasts and suggesting that Europe’s largest economy will haul the euro zone out of recession, preliminary data showed on Wednesday.
France exits recession, beats second quarter GDP forecasts
PARIS (Reuters) – France pulled out of a shallow recession in the second quarter with better-than-expected economic growth of 0.5 percent, preliminary data from the INSEE statistics agency showed on Wednesday.
Insight: JCPenney’s 100-year bonds swoon amid retailer’s turmoil
(Reuters) – It was a “century” deal, but in hindsight it was hardly the deal of the century.
India central bank deputy says financial imbalances need to be tackled
MUMBAI (Reuters) – Central banks should tackle financial imbalances even if it means sacrificing some economic growth, the Reserve Bank of India deputy governor Anand Sinha said in a speech on Wednesday.
RadioShack seeking new, lower-cost loans: sources
(Reuters) – Retailer RadioShack is looking to refinance its debt by securing new, lower-cost loans, a process it would like to complete by the end of the year, according to two sources familiar with the matter.
Textron Systems eyes rising foreign demand for drones, weapons
WASHINGTON (Reuters) – Textron Systems, a unit of Textron Inc , says strong demand from the Middle East and Asia for unmanned systems, ground vehicles and smart weapons will help expand foreign sales to about half of the division’s total revenues in co…
JCPenney focus turns to holiday prospects as Ackman drama ebbs
(Reuters) – Now that activist investor William Ackman has stepped down after a week-long public spat with fellow board members at J.C. Penney Co Inc , all eyes are back on whether the department store chain can avert a potentially disastrous sales decl…
RadioShack seeking new, lower-cost loans: sources
(Reuters) – Retailer RadioShack is looking to refinance its debt by securing new, lower-cost loans, a process it would like to complete by the end of the year, according to two sources familiar with the matter.
