Monthly Archives: Март 2014

Exclusive: Small miners size up mergers, deals may be elusive — Reuters survey

Exclusive: Small miners size up mergers, deals may be elusive - Reuters survey

TORONTO — Many of the small Canadian-listed mineral explorers that supply global major miners with new projects are considering merging with peers, according to a Reuters survey, but for most it may be tough to close deals.

Just over half the Toronto Stock Exchange and TSX Venture-listed miners and explorers that participated in the Reuters survey said they are at least somewhat likely to announce a «merger of equals» over the coming 12 months, but only a handful said such a deal is «very likely.»

Out of favor with investors, most explorers — or junior miners — badly need cash. Read more »

Luxury consumer base to keep growing: study

Luxury consumer base to keep growing: study

PARIS — The number of luxury goods buyers reached 330 million last year and is set to rise to 400 million in 2020 and 500 million by 2030 as more people become wealthy in Asia, Latin America and Eastern Europe, a study has found.

The Bain & Co report, in collaboration with broker Redburn Partners and research agency Millward Brown, forecast that the luxury consumer base would grow by an average 10 million people a year.

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Rolls-Royce Motor confident of another strong year as bling hits the road

Rolls-Royce Motor confident of another strong year as bling hits the road

LONDON — As Rolls-Royce delivered its fourth straight annual sales record on Thursday, the head of the luxury British car maker had a few predictions for 2014 — less bling, greater demand for customization, and more women buyers.

The 110-year-old car maker, bought by Germany’s BMW (BMWG.DE) in 1998, sold 3,630 vehicles in 2013, up from 3,575 in 2012, driven largely by demand for personalized vehicles from the super-rich in Asia and the Middle East.

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Analysis: U.S. car sales slowdown triggers discount war

Analysis: U.S. car sales slowdown triggers discount war

DETROIT — A one-two punch of bad weather and overproduction has ignited a price war among U.S. car dealers and manufacturers.

Frigid temperatures and winter storms in the past six weeks have slowed retail sales and showroom traffic, inflating inventories of unsold vehicles and triggering a new round of steep discounts by carmakers and their dealers.

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