BP executives faced angry protesters as shareholders are willing to vote at its annual meeting in London, which takes place a few days before the first anniversary of the Deepwater Horizon explosion.
Fishermen and women from the Gulf Coast affected by the spill, some of whom had bought BP shares to enable them to attend the annual meeting, joined by climate change activists and artists protesting against the oil company. Institutional investors, angry at what they claim are excessive executive pay deals, urged shareholders to vote against the remuneration package. Read more
Griffin Group failed to sell the coal production of the company, so the company can not pay bills on corporate debt of about $ 2 billion. Western Australian government soon took over the asset sales process Griffin Group’s coal mines. Western Australian Government requested assistance agencies financial adviser Macquarie Bank and UBS to determine the steps of coal mining assets sale of Griffin Group. Read more
Tags: <Australia mining companies, coal mining asset, coal production, Griffin coal asset, mining financial adviser, power companies, West Australian>, Griffin Coal, Coal Seller, Company Sell Coal, Coal Companies, Griffin Mining, Griffin Coal Mining, Coal Diamond Process, Companies That Sell Coal, Brian Mcmaster West Australian
World stocks recovered more ground Wednesday as investors rattled by a run of heavy losses found solace in front of the Federal Reserve to keep interest rates near zero for two years. She also welcomed data showing that China’s export growth accelerated in July, calming fears that weak demand from Europe and the United States, the world’s second largest economy, hit. The MSCI all country world index, as much as 20 percent has fallen from a high in May, rose 1 percent. Emerging market shares were more than 2 percent. (more…)
Assets in gold-backed exchange traded funds in India could increase to a record half year profits as demand, an investor awareness spreads and more products are introduced, according to executives in the largest bullion user.
“It’s certainly possible to double,” said Rajan Mehta, executive director of Benchmark Asset Management Co., the nation’s largest gold exchange-traded funds is, or ETF. Money is managed by Indian funds, gold climbed to a record high 35.2 billion rupees ($ 780,000,000) last years of 13.5 billion rupees for 2009, according the Association of mutual funds of India data. (more…)
One person is missing and several injured after a gas explosion and fire Monday in rural north Texas, according to two emergency management officials. Officials say one person is missing after a gas explosion and fire near Cleburne, Texas, about 80 km southwest of Dallas.Officials say one person is missing after a gas explosion and fire near Cleburne, Texas, about 80 miles southwest of Dallas. (CBC) Contrary to first reports, officials from both provinces Hood and Johnson said there was no known deaths from the explosion near Cleburne, about 80 km southwest of Dallas. (more…)
