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Aluminium deal births copper takeover target

By Antony CurrieThere's nothing like proving the doubters wrong. Graham Kerr must be feeling that as he steps down after 11 years running South32 ASX:S32. The $13 billion Sydney-listed mining company was laughed off and dubbed a "CrapCo" by analysts, investors and journalists alike when it was spun…

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Saudi Aramco and Sonatrach cut LPG prices for July

Saudi Arabia's state oil producer Saudi Aramco TADAWUL:2222 has cut official selling prices for liquefied petroleum gas by between 24% and 27% in July, while Algeria's Sonatrach lowered the price between 2% and 10% due to higher supply on the global markets, traders said on Wednesday.Saudi Aramco's…

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Five wounded in firebombings of homes linked to Greek governing party

Attackers firebombed three residential buildings linked to Greece's governing party in the northern city of Thessaloniki before dawn on Wednesday, wounding five people including a candidate for parliament, police said.The parliamentary candidate from the governing centre-right New Democracy party a…

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EIB lends $400 million to Morocco's rail and highway projects

The European Investment Bank (EIB), the lending arm of the European Union, has loaned Morocco €350 million ($398 million) to support the country's railways and highways, Morocco's finance ministry said.The bank will provide €300 million to strengthen the resilience and security of Morocco's motorwa…

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