A recent report has revealed that the proposal to Lonmin to takeover Xstrata, its largest shareholder, has been rejected by the South African miner. Xstrata had proposed to buy its PGM as well as alloys division and merge the platinum businesses of the two.
As per reports by market tracker Strategy Analytics, Samsung's Galaxy S III has registered higher sales than Apple's iPhone 4S in the third quarter of 2012.
American Suzuki Motor Corp. has announced a reorganization plan for itself, seeing its car business in the US has remained unprofitable, as per revelations of a recent report. The company says that it would retrieve the business soon down the road with its new plans.
As per recent reports, it has been revealed that Chrysler Group LLC has been making a strong recovery in the US auto market. It has been found that with passage of time, it has been witnessing profits.
Markets of Japan experienced a growth today though Yen was on decline against Dollar. It is believed that the news of Bank of Japan expanding the monetary stimulus might have given a boost to the market.
It seems that a lot of restructuring has been taking place at Nomura Holdings Inc, which is considered to be the biggest brokerage of Japan. The company has revealed that it is going to make cuts in its overseas business.
Findings in a recent survey published this Monday, suggest that hopes of German business feel drastically in August, the positive view, they were relying upon fell more than it could have been imagined.
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