OIL DATA: India June Refined Oil Product Consumption Up 7.2% on Year -Government
India's consumption of refined oil products rose to 13 million metric tons in June, a 7.2% increase from 12.13 million tons in the same month a year earlier, government data showed Thursday.
Newcrest Output Sinks 15% in Gold's Record-breaking Year
Heavy rain and operational difficulties pushed Newcrest Mining Ltd.'s (NCM.AU) annual gold output 15% lower, keeping Australia's largest gold producer by market value from capitalizing fully on a year in which the precious metal's value climbed to record highs.
Correction to Chemical Tanker Fire Update
A fire that broke out on a small chemical tanker off the coast of Labuan island early Thursday impacted operations at a delivery plant at the giant methanol production facility owned by Petronas on the island, located off the western coast of Sabah province.
Qantas Closes on Emirates Alliance; Dubai Hub
Qantas Airways Ltd. (QAN.AU) shares climbed 10% Thursday after it revealed it's working on a potential alliance with the world's largest international passenger carrier Emirates Airline that would see it route European flights through Dubai instead of Singapore.
ABB 2Q Profit Falls Worse Than Expected as Dollar Reduces Sales
ABB Ltd (ABBN.VX), the world's largest power grid builder, Thursday said it is feeling more confident about the short-term outlook than it was three months ago despite the rising value of the dollar triggering a worse-than-expected decline in second-quarter net profit.
SK Hynix Swings to 2Q Net Loss as NAND Chip Prices Plunge
SK Hynix Inc. (000660.SE) said Thursday it swung to a second-quarter net loss, as the prices of NAND flash memory chips used widely in smartphones and tablets fell sharply while a weaker won increased the value of the South Korean chip maker's overseas debt.
Wesfarmers Says Coles 4Q Sales Up 4.6% at A$8.35 Billion
Wesfarmers Ltd. (WES.AU) said Thursday total sales growth at its Coles supermarket division rose in the fourth quarter of fiscal 2012 by 4.6% on year despite record price deflation caused by falling fresh food prices and discounting.
China Association Expects 2012 Auto Sales to Be up 8% on Year
Vehicle sales in China are expected to rise 8% from a year earlier to about 20 million units, a top executive at the auto industry association said Thursday, keeping its full-year target unchanged.
Rockies stop streaking D-backs
Marco Scutaro knocked in three runs and Dexter Fowler went 3-for-5 and scored twice as the Rockies beat the Diamondbacks, 4-2, to snap Arizona's eight-game home winning streak.Jeff Francis (3-2) pitched six-plus effective innings to earn his first victory since July 3
This Week in Auto Racing July 28 - 29
After taking a week off, the Sprint Cup Series returns to action this weekend with one of its most prestigious races of the season at Indianapolis Motor Speedway