Bharti Airtel Gets One More Rating Cut; Stock Price Now Down 29% for 2012
Bharti Airtel Ltd. (532454.BY) -- whose shares have taken a bashing this year, along with others in the telecom industry -- received yet another jolt Thursday with Japanese brokerage Nomura Equities Research slashing its rating and target price for the stock.
BskyB Buys Back 183,500 Shares
BskyB PLC (BSY.LN) said Thursday it purchased 183,500 shares on Aug. 22 for cancellation.
Faroe Petroleum Buys 12.5% Interest in Barents Sea License
Faroe Petroleum PLC (FPM.LN), an independent oil and gas company focusing principally on exploration, appraisal and production opportunities in the Atlantic margin, the North Sea and Norway, said Thursday it has acquired a 12.5% interest in the Darwin prospect in PL531 in the Norwegian Barents Sea.
Euro-zone Aug. PMI Signals Further Contraction
Private-sector business activity in the 17-nation euro zone contracted for a seventh consecutive month in August but at a marginally slower pace than in July, the Markit preliminary composite purchasing managers' index for the region indicated on Thursday.
Taiwan China Steel to Cut Oct-Nov Domestic Prices
China Steel Corp. (2002.TW), Taiwan's largest steel producer by revenue, will cut domestic prices for the October-November period by an average of 5.11% compared with September, due to sluggish demand and falling global steel prices.
Impala Posts Sharp Drop In Full-Year Earnings Due To Strike
Impala Platinum Holdings Ltd. (IMP.JO) Thursday said it's still recovering from a lengthy strike earlier in the year and that labor relation tensions are ongoing.
PTT Exploration Cancels Shareholders' Meeting Scheduled for Friday
Thailand's PTT Exploration & Production PCL (PTTEP.TH) has canceled a shareholders' meeting scheduled for Friday to allow more time for shareholders to contemplate an upcoming recapitalization plan.
Moody's Says BHP Billiton Rating Not Affected by Fall in Profit
BHP Billiton Ltd.'s (BHP) goal of retaining a solid single A credit rating hasn't been affected by the mining company's first fall in profit in three years, and its plans to hold off approving any new major capital spending until at least mid-2013 is credit positive, Moody's Investors Service said
TNK-BP Vice President For Sales To Leave Company - Source
Anglo-Russian oil producer TNK-BP (TNBP.RS)'s vice president for sales, trading and logistics, Jonathan Kollek, is leaving the company, a source with knowledge of the matter told Dow Jones Newswires Thursday.
Taiwan China Steel to Cut Oct-Nov Local Prices by Average 5.11% Vs September
China Steel Corp. (2002.TW), Taiwan's largest steel producer by revenue, will cut domestic prices for the October-November period by an average of 5.11% compared with September, a spokespersons told Dow Jones Newswires Thursday.