Feb 12 Reuters Glencore said on Monday it will sell its stake in Koniambo Nickel SAS KNS in New Caledonia and that production at KNS39;s processing plant will be halted for six months while a new investor is sought for the lossmaking business. France has been negotiating to save New Caledonia39;s nickel industry and Paris said […]

ANZ shares hit highest since April 2022 Lending growth robust across retail, consumer divisions Bank39;s CET1 ratio falls sequentially Feb 12 Reuters Australia39;s ANZ Group said on Monday its firstquarter group revenue was in line with the quarterly average of firsthalf fiscal 2023 revenue, driven by its institutional division39;s markets business, lifting shares to their highest […]

UK funds group wants independent water audits at Rio mines Lenders require action on Oyu Tolgoi tailings dam seepage Rio Tinto says committed to effective water stewardship MELBOURNE, Feb 12 Reuters Global mining giant Rio Tinto, which sparked outrage after destroying an ancient Indigenous site in Australia in 2020, faces new pressure from socially conscious […]

CBA shares trade at whopper 21 times forward EPS Firsthalf cash profit expected to fall 3.7 Mortgage, deposit wars hit margins SYDNEY, Feb 12 Reuters Australia39;s largest bank, Commonwealth Bank, is expected to report a small drop in firsthalf profit this week, but that hasn39;t deterred investors from pouring into its shares and turning it […]

BENGALURU, Feb 12 Reuters Indian lowcost carrier SpiceJet said on Monday that it has started adopting measures to reduce its workforce, aiming to save 1 billion rupees 12 million annually. Local business daily Economic Times reported earlier in the day that the cashstrapped airline would lay off 1,400 staff or around 15 of its 9,000strong workforce. The carrier, […]

MILAN, Feb 12 Reuters Shares in Tod39;s rose 17.4 on Monday, after private equity firm L Catterton offered to buy 36 of the luxury shoemaker and take it private, in agreement with the Della Valle founding family. Shares rose to 42.7 euros each by 0835 GMT, just below the 43 euros per share offered by the investment firm […]