Freeport Indonesia ramping up output at world’s No.2 copper mine
JAKARTA (Reuters) – Freeport McMoRan Copper and Gold Inc was ramping up production at its Indonesian unit on Monday, a company spokeswoman said, six weeks after a deadly tunnel collapse at the world’s No.2 copper mine halted operations.
Geeks oust miners among Australia’s new rich as boom fades
SYDNEY (Reuters) – In a country synonymous with larger-than-life mining tycoons and Outback heroes, the geeks are quietly inheriting the earth.
Rio Tinto overhaul plans dented as diamond sale scrapped
MELBOURNE (Reuters) – Rio Tinto Ltd has scrapped the proposed sale of its $1.3 billion diamonds business, a setback for its plan to sell a swag of mines and company stakes to tighten operations during a global industry downturn.
When the Ben and Beijing party comes to an end
(Reuters) – Through the dark days of the financial crisis, and the grey days of the halting recovery that have followed, investors have always been able to count on backing from two sources – Ben Bernanke and Beijing.
Analysis: Another China central bank worry; companies push into lending
BEIJING/SHANGHAI (Reuters) – Chinese companies are getting more creative in the business of money lending as they struggle to keep profits ticking over in a cooling economy, raising concerns they are adding to the mountain of debt risks building in the…
As Asia embraces casinos, India hedges it bets
PANAJI, India (Reuters) – Like many visitors to the Casino Royale Goa on a rainy Saturday night on India’s western coast, Salim Budhwani said he does not gamble but also had no objection to the betting at the busy tables downstairs.
China central bank says overall liquidity ‘reasonable’
BEIJING (Reuters) – The overall liquidity in China’s financial system is at a reasonable level, the central bank said on Monday, adding that it has asked commercial banks to improve the ways they manage liquidity.
Banks present crisis plan to the Fed: WSJ
(Reuters) – U.S. banks have given a proposal to federal regulators on how to pay for restructuring the country’s too-big-to-fail institutions in the event of a future crisis, the Wall Street Journal reported, citing people familiar with the conversatio…
Australia’s Echo unveils $1 billion Sydney casino plan, includes Crown option
SYDNEY (Reuters) – Australian gaming firm Echo Entertainment has submitted plans for a $1 billion expansion of its Star casino in Sydney, including an option that would allow rival Crown Ltd to open a VIP-only casino.
North Korea anxiety sparks South Korean global property binge
LONDON (Reuters) – A jump in tensions with North Korea has fed a tenfold surge in overseas commercial property spending by investors south of one of the world’s most heavily armed borders, making South Korea the largest property investor so far in 2013…
