Telecom Italia Starts to Stem Decline in Italy
Italy's biggest telecommunications operator Telecom Italia SpA (TI) Thursday said its sales rose in the first half of the year as it started to stem the decline in its Italian home market and continued to benefit from strong growth in Argentina and Brazil.
Rosneft Expects Return To Profit In 3Q
Russian state-controlled oil giant OAO Rosneft (ROSN.RS) sees a return to profit in the third quarter after an unexpected loss of RUB8 billion in the second quarter, the company's Vice President Dmitry Avdeyev said.
Chalco, Ivanhoe Extend Deadline for SouthGobi Takeover Bid
Aluminum Corp. of China Ltd. (2600.HK), or Chalco, will get an extra month to make a more than $920 million offer to acquire a controlling stake in SouthGobi Resources Ltd. from Ivanhoe Mines Ltd. (IVN), Chalco and Ivanhoe said in a joint statement Thursday.