Johannesburg-based mining firm Gold Fields Ltd said it had signed an acquisition agreement with Barrick Gold to buy the latter's assets in Australia.
Archives
PMI shows expansion in Germany's private sector
The German private sector showed robust growth in August, according to Markit's PMI survey. The private sector in Germany showed signs of growth. A new survey conducted by financial information services company Markit revealed that the Purchasing Managers' Index (PMI) of Germany's private sector increased to 53.
Store revamps cause sales to drop in Bain Capital's South African retailer
Edcon Holdings, a clothing retailer owned by Bain Capital Partners, suffered sales losses because of its remodeling operations.
Credit Suisse says Rio Tinto, Anglo American could partner with BHP for Canadian potash
Credit Suisse said Rio Tinto and Anglo American could become BHP Billiton's potential partners for its potash mining project in Canada.
Oman Development Bank looks into opening of Islamic window
Oman Development Bank said it would consider opening an Islamic window to provide financial services to small and medium-sized companies.
Latest News
The Bank of Sharjah said it had signed a loan refinancing facility worth USD 200 million with five lenders.
Analysts of UBS boosted their sales projections for Apple and increased their price target to USD560 per share.
Facebook CEO Mark Zuckerberg would lead a project focused on making web access affordable for the 5 billion individuals worldwide who are not online yet.
Microsoft Corp currently offers free Surface RT tablets to schools where students utilize the Bing search engine.
CenturyLink Inc would receive USD54 million from the Connect America Fund of the FCC to finance the broadband services in suburban homes of high-cost areas.
The Silicon Valley startup would use the funding to employ new engineers for its latest wearable and programmable computing device.
HP shuffled its key executives as CEO Meg Whitman hoped to post a revenue growth in 2014. On Wednesday, Hewlett-Packard Co rearranged its executives, reappointing a star official to a new role that would identify possible acquisitions.
Hewlett-Packard said it generated USD1.39 billion or 71 US cents from every share during the third quarter, 8% short with total revenue of USD27.2 billion.
There were 120,000 applications available in the BlackBerry World and 47,000 of the apps offered for download were made by a single developer.
