Russia’s Uralkali in weaker financial position, Moody’s says
MOSCOW (Reuters) – Russia’s Uralkali , which has pulled out of a venture with its Belarus partner and forecast a sharp fall in potash prices, could see its liquidity come under pressure and will need to raise extra debt, credit rating agency Moody’s sa…
Rising costs, Nigeria troubles blot Shell profits
LONDON (Reuters) – Rising costs, a surge in oil thefts and disruption in Nigeria and other negative factors hit profits at Royal Dutch Shell on Thursday, leading outgoing chief executive Peter Voser to call the second quarter result “disappointing”.
Shell CEO says no more output targets
LONDON (Reuters) – Royal Dutch Shell is “retiring” its oil and gas volume output growth targets to focus fully on financial performance, Chief Executive Peter Voser said on a conference call with reporters on Thursday.
Toyota expects to meet annual China sales target despite July slip
BEIJING (Reuters) – Toyota Motor Corp officials said the Japanese automaker and its two local joint-venture partners are on track to sell 900,000 vehicles in China this year, despite a 3.5-percent year-on-year fall in its China sales last month.
Sanofi CEO says authorities visit China office
PARIS (Reuters) – Sanofi said one of its regional offices in China has been visited by the State Administration for Industry and Commerce in Shenyang as part of a probe into a bribery scandal that has involved other Western drugmakers.
Toyota says July China auto sales down 3.5 percent year-on-year
BEIJING (Reuters) – Toyota Motor Corp and its two local joint-venture partners sold about 75,600 automobiles in China in July, down 3.5 percent from a year earlier, the Japanese automaker said on Thursday.
Insight: For nuns and analysts alike, bank commodity earnings are a mystery
NEW YORK (Reuters) – When the Reverend Seamus Finn got an email from Goldman Sachs last week, the giant Wall Street bank was addressing an issue that was already on his mind.
Analysis: Mortgage bond sell-offs hit U.S. banks with big losses
(Reuters) – U.S. banks, who had little choice in recent years but to use deposits to buy super safe mortgage bonds, are now getting an unpleasant taste of the risks.
Goldman blinks but no relief for Wall Street’s commodity traders
NEW YORK/LONDON (Reuters) – Goldman Sachs’ effort to diffuse intensifying pressure over its commodity business by throwing open its metal warehouse doors likely comes too late to head off further scrutiny of Wall Street’s commodity trade.
China HSBC PMI dips to 11-month low in July
BEIJING (Reuters) – China’s factory activity shrank for a third straight month in July to its lowest level in nearly a year as new orders fell, a private survey showed on Thursday, signaling the persistent pressure on the economy has extended into the …
