MEXICO CITY, Aug 4 - Mexican miner Penoles said on Tuesday its net profit rose 42.5 percent in the second quarter as gold production increased and net financial costs fell.
LONDON, Aug 4 - Tata Steel has spun out its long products unit making items such as plates, sections and wire rods into a standalone business to better pursue strategic options, after the reported withdrawal of Klesch Group from talks to buy the division.
Aug. 4 - Several U.S. farm and consumer groups are working on strategies to derail a proposed tie-up of Monsanto Co and agricultural seeds and chemicals rival Syngenta AG, saying a combination of the market leaders would spell fewer and higher-priced products.
Aug 4 - U.S. fertilizer company Mosaic Co reported a much higher-than-expected quarterly profit on Tuesday, helped by strong phosphates sales and improved potash prices.
* Firm starts business rescue on S.African mine (Adds Anglo American comment on coal supply contracts)
MUMBAI - The Reserve Bank of India (RBI) kept its policy rate on hold at 7.25 percent on Tuesday, as widely expected, while leaving the door open to ease further depending on the inflation outlook and how swiftly banks lower their lending rates.