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Nick von Schirnding, CEO of Bumi, tells CNBC, that Indonesian mining company Bumi is in a 'total mess' and that mess started when Nat Rothschild brought it to London market.
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*China's official PMI eases to 50.4, HSBC reading at two-year high. NEW YORK/ LONDON, Feb 1- U.S. manufacturing growth quickened in January and hiring across the economy increased in late 2012, but Chinese factories only managed a slight rebound as the new year began, suggesting that world economic growth remains sluggish.
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LONDON/ BEIJING, Feb 1- China's vast factory sector managed only a shallow rebound at the start of 2013 and manufacturing in the euro zone remained weak, although there the worst may be over, a clutch of surveys suggested on Friday.
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JAKARTA, Feb 1- Indonesia's trade deficit narrowed in December, but exports fell much more than expected and some economists predict that 2012' s first annual deficit in history might not be the country's last.
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*MSCI Asia ex- Japan steady. European markets are likely to inch higher, with financial spreadbetters predicting London's FTSE 100, Paris's CAC-40 and Frankfurt's DAX would open up as much as 0.2 percent.
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JAKARTA, Feb 1- Indonesia's trade deficit narrowed in December, but exports fell much more than expected and some economists predict that 2012' s first annual deficit in history might not be the country's last. We doubt it, "wrote Credit Suisse economist Robert Prior-Wandesforde wrote in a research note.
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*HSBC final China Jan PMI jumps to two-year high at 52.3. BEIJING, Feb 1- Asia's manufacturers face a challenging business climate in the coming months, a clutch of surveys suggested on Friday, with China's vast factory sector managing only a shallow rebound at the start of 2013 as feeble foreign demand dragged on sales.
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*HSBC final China Jan PMI jumps to two-year high at 52.3. BEIJING, Feb 1- Asia's manufacturers face a challenging business climate in the coming months, a clutch of surveys suggested on Friday, with China's vast factory sector managing only a shallow rebound at the start of 2013 as feeble foreign demand dragged on sales.
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JAKARTA, Feb 1- Indonesia reported a smaller-than-expected trade deficit in December that took its trade gap for 2012- the country's first ever- to $1.63 billion. For December, the deficit was $0.15 billion, compared with November's $0.48 billion, the country's statistics bureau announced on Friday.
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HONOLULU-- The U.S. Navy plans to dismantle a minesweeper that ran aground on a coral reef off the Philippines because the ship is a complete loss and because removing it intact would cause more damage to the reef and the ship's hull, a spokesman said Wednesday. Limiting damage to the coral, which is part of a national marine park, is important to the Navy, James said.
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JOHANNESBURG/ FREETOWN, Jan 31- While mobile phone usage has exploded across Africa over the last decade, transforming daily life and commerce for millions, it's a revolution that has left behind perhaps two thirds of its people.
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CANBERRA, Jan 31- Australia faces a possible fourth straight year of political instability after opposition leader Tony Abbott, on track to win power in a September election, threatened a second poll if a hostile upper house rejects his plan to scrap a tax on carbon.
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LONDON, Jan 30- Growing palm oil trees to make biofuels could be accelerating the effects of climate change, new research showed on Wednesday, adding further weight to claims the crop is not environmentally sustainable.
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HONG KONG, Jan 30- Lenovo Group Ltd is stepping up its overseas expansion in the smartphone business after enjoying solid growth at home in China, as the world's No.2 maker of personal computers seeks to offset slowing growth in the traditional PC sector.
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*Yahoo Japan jumps on share buyback, earnings and div forecast hikes. TOKYO, Jan 30- Japan's Nikkei share average rose to a new 32- month high on Wednesday, led by gains in Softbank Corp and Yahoo Japan Corp on optimistic profit expectations while earnings-related news dominated the market as investors awaited trading cues from the corporate sector.
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*Yahoo Japan jumps on share buyback, earnings and div forecast hikes. TOKYO, Jan 30- Japan's Nikkei share average rose on Wednesday, led by gains in Softbank Corp and Yahoo Japan Corp on optimistic profit expectations while earnings-related news dominated the market as investors awaited trading cues from the corporate sector.
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TOKYO, Jan 30- Japan's Nikkei share average is set to trade in a 200 point range on Wednesday with investors likely to stay on the sidelines seeking more trading cues from local earnings, and the weak yen trend is likely to support the market above 10,800. Market participants said the Nikkei was likely to trade between 10,800 and 11,000 on Wednesday after ending up 0.4 percent to close at 10,866.72 the previous day.
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ST. LOUIS-- Coal producer Peabody Energy Corp. lost $1.01 billion in the fourth quarter as the price of coal used in steel manufacturing fell by half from its 2011 high, and its outlook for the current quarter fell short of Wall Street expectations. Peabody shares rose 93 cents, or 3.7 percent, to $26.09 in morning trading.
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ST. LOUIS-- Coal producer Peabody Energy Corp. lost $1.01 billion in the fourth quarter as the price of coal used in steel manufacturing fell by half from its 2011 high. Peabody shares rose 93 cents, or 3.7 percent, to $26.09 in morning trading.
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LONDON, Jan 29- Bumi Plc, the London- based Indonesian coal mining group riven by shareholder disputes, urged investors on Tuesday to reject British financier Nat Rothschild's proposals to overhaul the board and back its own plan for peace instead.
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Nat Rothschild, Co-founder of Bumi stepped up the bitter battle for control of the Indonesia-focused miner, attacking both the board for its inaction and CEO Nick von Schirnding for "embellishing his CV."