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(MENAFN - AFP) Rusal, the world's largest aluminium producer, said Wednesday it had bounced back into the black in the second quarter, buoyed by improving metal prices and cost-control measures.

The Hong Kong-listed company reported a profit of $116 million for the three months ending June 30, compared with a loss of $325 million in the previous quarter.

However, it ...

(MENAFN - AFP) Scores of North Korean workers employed by South Korean factories at a joint industrial complex have fallen sick after possible exposure to toxic chemicals, sparking criticism from Pyongyang, Seoul officials said Wednesday.

The affected workers at two car parts companies in the Kaesong complex have gone on sick leave, citing headaches and nausea, the South's ...

(MENAFN - AFP) US mining giant Newmont said it has withdrawn an international arbitration claim against Indonesia over a controversial mineral ore export ban after a breakthrough in talks with the government.

Last month, Newmont announced it was seeking a ruling at the Washington-based International Centre for Settlement of Investment Disputes to allow it to resume exports ...

(MENAFN - AFP) Premier Narendra Modi has put a pledge to give bank accounts to all Indians on a war footing, but experts say taking banking to rural areas where many people have no identity papers will be a huge challenge.

In developed nations, bank branches are everywhere. But banking services in India leave out nearly half the 1.2 billion population, putting poor people ...

(MENAFN - AFP) Water-starved South Asian nations have devised their own answer to the Ice Bucket Challenge taking the social media world by storm, instead filling buckets with rice and other supplies for the needy.

Since June, thousands of people worldwide have doused themselves with a bucket of icy water, then posted a video recording of the stunt online and challenged others ...

(MENAFN - AFP) Rumours that west Africa's deadly Ebola epidemic had reached Ivory Coast began a week ago, rapidly spread by late-night phone calls and prompting scared villagers to drink salted water.

"This is due to one gentleman's revelation," said Siamou Kobenan in the northern village of Kotouba. "He told us that the virus had come to the country and that we should take ...

(MENAFN - AFP) It's a dry winter day in southeast Brazil, but a steamy tropical summer reigns inside the labs at Oxitec, where workers are making an unusual product: genetically modified mosquitoes to fight dengue fever.

The British biotech firm has altered the DNA of the Aedes aegypti mosquito to prevent it from spreading the potentially deadly virus, which has hit Brazil ...

(MENAFN - AFP) Asian markets ticked higher Wednesday following another record close on Wall Street as investors welcomed more upbeat data indicating the US economy is back on track.

The positive US figures helped the dollar consolidate against the yen at a seven-month high, while it was at an 11-month peak against the euro following disappointing German data.

Tokyo ...

(MENAFN - AFP) Australian shopping centre giant Westfield Corp. on Wednesday reported a 5.3 percent increase in first-half operating income and said it was progressing with an US$11.6 billion investment in global projects.

The firm, which assumed Westfield Group's international operations after its Australian and New Zealand assets were folded into a new entity this year, ...

(MENAFN - AFP) New Zealand dairy giant Fonterra announced a joint venture with Hangzhou-based Beingmate Group on Wednesday aimed at increasing its presence in the multi-billion dollar Chinese infant formula market.

Chief executive Theo Spierings said Fonterra, which was involved in a botulism scare last year, would spend about NZ$615 million ($514 million) acquiring a 20 ...

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