KGHM net income soars in Q4

Note: This section contains information in English only.
Source: Marketwatch
KGHM Polska Miedz SA posted essential increase in net profit in Q4 after the company disposed two telecommunications assets. The net profit grew to 1.17 billion US Dollars as compared to 1.27 billion US Dollars a year earlier. However, the figure is slightly smaller than analysts' forecast. The company also gained on the stronger US Dollar as it stimulated zloty-denominated price for company's silver and copper.


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Wed, 29 Feb 2012 10:59:52 GMT

Japan's industrial production added 2% in January

Japanese industrial production posted 2% gain on a monthly basis in January, reported the Ministry of Economy, Trade and Industry. The increase is impressing as analysts expected only 1.5% rise after industry production soared by 3.8% in December. Considering yearly changes, industrial production contracted by 1.2%, confronting the expectations of a 1.6% fall.

Wed, 29 Feb 2012 10:59:51 GMT

US stocks close higher on positive consumer confidence

US shares traded higher on Tuesday lifted by one-year record high consumer confidence index. S&P 500 index added 0.34% or 4.59 points and finished at 1,372.18, Dow Jones Industrial Average index climbed 0.18% or 23.61 points and settled at 13,005.12 and Nasdaq Composite index added 0.69% or 20.60 points and closed at 2,986.76. 

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