Sibanye Flags Loss after 420 mln US Asset Writedown

Sept 2 Reuters Sibanye Stillwater on Monday said it will report a halfyear loss hurt by a 7.5 billion rand 420 million writedown on its U.S. assets reflecting sliding palladium prices. The South African miner expects to report a loss per share of between 2.508 rand and 2.772 rand for the six months to June […]
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Germany Extends Trusteeship over Rosneft Assets, Sources Say

BERLINFRANKFURT, Sept 2 Reuters Germany will extend its trusteeship over the local units of Russia39;s Rosneft for six more months in anticipation of a sale of the assets to Qatar, two people familiar with matter told Reuters on Monday. The future of Rosneft39;s German assets, which include a 54.17 stake in the PCK Schwedt refinery, has yet to […]
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Downturn in German Manufacturing Accelerates, PMI Shows

BERLIN, Sept 2 Reuters The downturn in Germany39;s manufacturing sector, which accounts for about a fifth of Europe39;s biggest economy, continued to gather pace in August, a survey showed on Monday. The HCOB final Purchasing Managers39; Index PMI for German manufacturing fell to 42.4 in August from 43.2 in July, above a preliminary flash estimate […]
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