And let's be clear. Investors don't expect the airline to be simply profitable, but very profitable.» Read More
Russia is a prime investment location because of its massive natural resources, Ivan Glasenberg, the CEO of commodity trader Glencore said on Thursday.
Stocks ended near session highs in choppy trading, with the S&P 500 finishing in positive territory for the first Monday in 2013 and the Dow close to hitting its record closing high, as investors shook off earlier worries over China and a lack of progress over the sequester.
U.S. stock index futures were lower Monday amid concerns about the U.S.'s unresolved "sequester" and the introduction of harsher-than-expected property curbs in China.
Global miner BHP Billiton appointed the head of its non-ferrous business as its new chief executive on Wednesday to replace Marius Kloppers.
2013’s surge in merger and acquisition-related activity is heading for Europe, according to strategists who say the continent has the same essential ingredients in place for a revival in deals as the U.S.
U.S. stock index futures were narrowly mixed Friday as investors hesitated to jump in as finance ministers and central banks from the Group of 20 met in Moscow amid growing worries over a currency war.
Global miner Anglo American posted a sharp drop in 2012 earnings, hit by tumbling earnings from all core units and writedowns to the value of its troubled platinum assets and the flagship Minas Rio iron ore project in Brazil.
Cynthia Carrol, CEO of Anglo American, tells CNBC that the industry was very challenging in 2012 but at the same time they showed strong operational performance in many of their businesses.
Bumi Plc, the London-listed Indonesian coal mining group riven by a shareholder dispute urged investors on Tuesday to reject British financier Nat Rothschild's proposal to replace the board and back its own plan for peace instead.
European equities scaled fresh two-year highs on Tuesday, boosted by miners, as optimism about economic recovery gained momentum following encouraging U.S. home price data and comments over growth in top metals consumer China.
Weak GDP data for the U.K. wasn't enough to stop European shares rising on Friday as Germany's DAX Index reached a level not seen since January 2008 after business climate data was released.
The outlook for South Africa looks increasingly unstable as foreign and indigenous companies retrench.
European shares closed higher on Thursday afternoon after stronger-than-expected U.S. jobs data.
European shares ended mostly flat on Wednesday, bouncing off intraday lows as many investors used the early dip to boost their exposure to equities.
Gold edged up, but trailed platinum's rise, helped by gains in agricultural and energy prices.
European shares ended higher on Tuesday, as investors bet that U.S. Democrats and Republicans will reach a deal to avoid a "fiscal cliff" of year-end austerity measures.
LONDON, Nov 1- Mining group Anglo American is starting the search for a new chief executive to replace Cynthia Carroll and take on what analysts and investors say is one the toughest jobs in the resources sector. South Africa, for its part, has indicated it would prefer a South African for the job. *Rene Medori, finance director, 55.
LONDON, Oct 29- The departure of Anglo American's chief executive has revived talk of radical ways for the miner to boost its flagging share price, even going as far as a break-up of the group.
*BHP's Vanselow, Xstrata's Davis in frame as replacements. LONDON, Oct 26- Anglo American's Chief Executive Cynthia Carroll has quit after more than five years in the job, under pressure from investors over the mining group's lagging share price and continued dependence on strike-hit South Africa.
*BHP's Vanselow, Xstrata's Davis in frame as replacements. LONDON, Oct 26- Anglo American's Chief Executive Cynthia Carroll has quit after more than five years in the job, under pressure from investors over the miner's lagging share price and continued dependence on troubled South Africa.