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.
Industrials
Maple Leaf Foods sells biodiesel biz for CAD 645 million
Maple Leaf Foods said it would be selling Rothsay, its rendering and biodiesel business, to Darling International for CAD 645 million.
Barclays Bank Kenya finances Marriot Drilling's rig
Barclays Bank of Kenya signed a financing deal with the African unit of British oil explorer Marriott Drilling worth USD 13 million.
Jiangxi Copper shows interest in Glencore’s Las Bambas: sources
Sources told Reuters that Chinese copper company Jiangxi Copper Co could be a potential buyer for Glencore Xstrata’s Peru mine.
Tesla's claim of safest car ever muted by NHTSA
NHTSA issues statement to counter Elon Musk of Tesla's claim that the Model S is the 'safest car ever.'
Latest News
Credit Suisse said Rio Tinto and Anglo American could become BHP Billiton's potential partners for its potash mining project in Canada.
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.
Vestas Wind Systems replaced its current CEO Ditley Engel with Anders Runevad who would start his duties on September 1.
African Barrick Gold named industry veteran Bradley A. Gordon as its new Chief Executive Officer. African Barrick Gold appointed Bradley A. Gordon as its new Chief Executive Officer.
A Chinese coal firm offered USD 160 million for Turquoise Hill's Inova Resources Ltd. Shanxi Donghui Coal Cooking & Chemicals Group said it would be offering USD 160 million for Inova Resources Ltd.
BHP Billiton slow to build into expanded operations in the potash industry through delaying production at the giant deposit until at least 2020.
BHP Billiton finally makes a major investment after declaring last year that the mining company will not partake in any big expenditures.
Glencore announced plans to sell off parts of recently acquired Xstrata assets. Glencore took a hit on Xstrata's mining assets for USD 7. 7 billion on Tuesday .
TT electronics said it intends to spend up to GBP 100 million for bolt-on acquisitions. UK-based electronics group TT electronics Plc revealed its plan to acquire bolt-on firms for its combined industrial sensing and control units.
