Yancoal Australia Reviews Expansion Plans for Mines
China-backed Yancoal Australia Ltd. (YAL.AU) said Monday it has put any expansion plans at all seven of its mines under review, as weaker demand from major north Asian importers continues to weigh on coal prices.
Norway's Sovereign Wealth Fund Looks to Add Risk
Norway's sovereign wealth fund has plans to take on more risk, Pal Haugerud, head of asset management in Norway's finance ministry, said, The Financial Times reported Sunday.
Japan Stocks Advance As Yen Weaknes Further
Japanese stocks began the week higher, with many blue-chip exporters on the climb early Monday as the market priced in a weaker yen.
Australian Stocks Lower As Banks, Telecoms Slip
Shares edged lower in early trading in Australia on Monday, as several heavyweight firms started to trade without rights to their latest dividend payments.
Call to Limit China's U.K. Nuclear Stake - FT
U.K. officials have signaled a preference for Chinese partners in two consortia competing for RWE AG (RWE.XE) and E.ON AG's (EOAN.XE) Horizon nuclear power project in the U.K. to be minority partners, the Financial Times reported on its website Sunday, citing several people familiar with the sale
China Big Four Banks Issued Around CNY70 Billion New Yuan Loans First Half August -Report
China's biggest four banks issued around 70 billion yuan ($11 billion) in new yuan loans in the first half of August, up from around CNY50 billion over the same period of last month and around CNY25 billion in the first half of June, the state-run Shanghai Securities News reported Monday, citing
UK August House Prices Slump on Month
U.K. households continue to feel the pinch as house prices post their biggest drop on record for the month of August while Britons spending plans remained constrained, a trio of surveys showed Monday.
Lonmin Plans $1Bn Rescue Call
The world's third-largest platinum miner Lonmin PLC (LMI.LN) is considering a $1bn rescue rights issue, U.K. newspaper The Sunday Times reports quoting unnamed people familiar with the situation.
Westfield To Cut Up To 10% From Workforce -Report
Global shopping center operator Westfield Group (WDC.AU) plans to shed up to 10% of its workforce, The Australian newspaper reported Monday, citing unnamed industry sources.
HSBC to Fight Regulators Over Dividend
U.K. banking group HSBC Holdings PLC (HBC) is willing to "fight to the death" to prevent U.K. regulators from attempting to force it to stop paying its dividend in order to preserve capital, The Sunday Telegraph reports.