Toyota regains the top spot for global car sales January 28, 2013 JAPANESE firm Toyota has retaken its crown as the world’s biggest selling car maker after its sales rose 22.6 per cent to a record 9.75m vehicles in 2012. Japan’s three biggest car companies all posted record sales yesterday, as they continue to recover from natural disasters that left the country reeling in 2011. Toyota, which [...]
Video game firms power up on prospect of end to Chinese ban January 28, 2013 SHARES in Sony and Nintendo leapt yesterday amid hopes that the Chinese government would end a ban on video game consoles. The country’s official newspaper, China Daily, said the country’s culture department was considering allowing consoles in the world’s second-biggest economy for the first time since 2000, when they were banned to protect children. This [...]
RIM falls as Lenovo cools takeover talk January 28, 2013 LENOVO downplayed suggestions it was considering a takeover of Research in Motion (RIM) yesterday, sending shares in the BlackBerry maker down by almost eight per cent. The Canadian firm was lifted last week when Lenovo, the Chinese computing giant, signalled a potential interest. Chief financial officer Wong Mai Ming had said Lenovo was “looking at [...]
Licences given for local TV January 28, 2013 THE UK moved a step closer to switching on its local TV network yesterday, when channel operator Comux was awarded the licence to operate the spectrum for the new channels. In addition to the 19 local TV areas already announced, Comux – owned by broadcast firm Canis Media – said it would cover 28 further [...]
Shell to export LNG from US January 28, 2013 ROYAL Dutch Shell said yesterday it will tie up with Kinder Morgan to export liquefied natural gas (LNG) from a terminal near Savannah, Georgia. El Paso Pipeline Partners, a Kinder Morgan unit, and Shell will form a limited liability company to develop a natural gas liquefaction plant at Southern LNG’s existing terminal. The project is [...]
Caterpillar hit by China bill January 28, 2013 CATERPILLAR, the world’s largest maker of construction equipment, posted a 55 per cent drop in quarterly profit yesterday due to a charge connected with accounting fraud at a Chinese subsidiary and weak demand among its dealers. Caterpillar’s machinery has been accumulating in warehouses due to slowing economies in China, Europe and the US. Quarterly results [...]
Rothschild calls again for new board at Bumi January 28, 2013 THE BUMI soap opera over who will control the coal miner continued yesterday as co-founder Nat Rothschild questioned the independence of a new director of Indonesian subsidiary Berau Coal, repeating his call for a new board at the London-listed miner. Bumi has appointed Eko Budianto as a replacement to Rosan Roseslani, and has also appointed [...]
Mitie on track for strong second half as contract wins pay off January 28, 2013 OUTSOURCING company Mitie said yesterday it expects total revenue growth to be higher in the second half on the back of its recent Lloyds Banking Group contract win and acquisition of healthcare group Enara. Mitie, which bought Enara last October for £110.8m, said it remained focused on the healthcare, local authority and social housing markets [...]
Minera launches £20m share placing for Peruvian gold mine January 28, 2013 LATIN American miner Minera is hoping to raise up to C$32m (£20m) in a share placing for the development of its Ollachea gold project in Peru, it announced yesterday. The offering will be marketed in Canada, the UK, the US and in certain jurisdictions in South America on a private placement basis. The Ollachea project [...]
Polyus Gold output jumps January 28, 2013 REFINED gold output at Russian producer Polyus Gold jumped by 12 per cent last year to a record 1.68m ounces, it said yesterday. The gold producer, which exceeded its 2012 production target by five per cent, yesterday recorded the fifth consecutive year of growth in gold output. The yellow metal producer forecast refined gold production [...]
