Reuters boss to step down

Note: This section contains information in English only.
Source: BBC
© Scanpix/Reuters

Tom Glocer, CEO of news group Reuters, announced he is stepping down after running the company for 10 years. He will step down on 1 January and the current chief operating officer, James Smith will replace him. The change follows the worries about a decline in the company's share price by 29% this year.

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Fri, 02 Dec 2011 12:21:15 GMT

Rio Alto Mining's production in line with expectations

Rio Alto Mining Ltd., Canadian resource company developing copper/gold projects of the La Arena located in Peru, reported that its output is in line with expectations despite blockade conducted illegally in September. The output approached 39,125 ounces from May to November. The company also plans to increase its iron ore production to 36,000 tons per day.

Fri, 02 Dec 2011 12:47:01 GMT

Nikkei 225 slightly higher

On Friday trade Japan's Nikkei Stock Average added 0.54% or 46.37 points and closed at 8,643. Increase was mainly led by export dependent car producers as European economic outlook improved after Merkel's and Sarkozy's announcements. Both Toyota Motor Corp. and Nissan Motor Co. added 1.1% after reporting surge in US sales. On the upside many Japan's retailers also gained. J. Front Retailing Co. edged up

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