Gold Fields Plans Spinoff of Some Operations

Gold Fields Ltd., the world’s fourth-biggest producer of the metal, plans to spin off some South African operations, creating a new company that will trade in Johannesburg and New York.

Statoil Comfortable With Financial Situation, Says Saetre
22:54 - Statoil ASA, Norway’s biggest oil producer, reported its first adjusted loss following the plunge in crude prices that has roiled the industry for nearly two years. The company also deepened spending cuts. Adjusted earnings after tax, which excludes financial and other items, dropped to a loss of $28 million from a $929 million profit a year earlier, the Stavanger-based company said Wednesday. That missed the $294 million average estimate in a Bloomberg poll of 16 analysts. Statoil CEO Eldar Saetre tells Bloomberg's Anna Edwards and Manus Cranny on "Countdown" he's very comfortable with financial situation adding the oil price impact in line with expectations.
  • Valeo is Outperforming the Market, Says CEO Aschenbroich
  • Daybreak: What You Need to Know Today July 27
  • Will BOJ Stimulus Work for Japan's Economy?