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Pluxee posts 3.3% drop in sales

French voucher and benefits company Pluxee EURONEXT:PLX posted on Friday a 3.3% organic drop in sales to €312 million ($357.1 million) in the third quarter, above expectations, despite the impact of regulatory changes in Brazil.($1 = 0.8738 euros)

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StocksFR
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Julius Baer appoints Peter Burrill as CFO

Swiss bank Julius Baer SIX:BAER on Friday announced the appointment of Peter Burrill as chief financial officer and a member of its executive board, effective August 17 and subject to final regulatory approval.

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StocksCH

China chips away at iron ore miners' power

By Antony CurrieMisery loves company. So BHP's ASX:BHP new CEO, Brandon Craig, and his team will feel less isolated now that China has taken to also pausing purchases of some of Fortescue's ASX:FMG iron ore shipments as a bargaining chip during contract talks. The development, reported by Reuters c…

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Moody's places South32 on review for ratings downgrade after Alcoa deal

Moody's Ratings said on Friday it placed Australian miner South32's ASX:S32 credit ratings on review for downgrade after it agreed to sell most of its aluminium assets to Alcoa NYSE:AA for as much as $5.6 billion."The divestment would materially reduce the company's scale, commodity diversification…

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India allows four Chinese-linked power equipment firms to bid for government projects

India has allowed four Chinese power equipment manufacturers with factories in the country to participate in government tenders for critical power projects, according to a government order.TBEA Energy, Nanjing Electric India, New Northeast Electric India and Taikai Electric (India) will be allowed…

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Economy

Stocks shake it off

A look at the day ahead in European and global markets from Gregor Stuart HunterGlobal equities are heading for their best week since early May as renewed signs of expansion in Asian activity gauges on Friday helped lift stocks out of their mid-week doldrums.The MSCI All-Country World Index EURONEX…

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India coal-fired power output in June rises to highest since November 2023

By Sethuraman N RIndia's coal-fired power generation surged to a near-three-year high in June because of increased cooling demand from higher temperatures from an extended heatwave and below-average monsoon rainfall, government data showed.India's total electricity generation in June rose 10.4% fro…

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Economy
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BHP workers approve Pilbara labour deal, unions cite lingering concerns

Workers at BHP's South Flank and Mining Area C iron ore operations in Western Australia have voted to approve a new labour agreement, unions said on Friday, while noting that many remained dissatisfied with the deal.The Combined BHP Ports Unions said 58% of workers voted in favour of the agreement…

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StocksAU