Rio Tinto posts record 2006 profit
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Anglo-Australian mining giant Rio Tinto has announced a 43 percent jump in in full-year net profit to a record 7.44 billion US dollars and forecast continued strong demand for commodities.
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The worldâs largest soft drink maker reported higher-than-expected quarterly profit on Wednesday, helped by higher sales, acquisitions and foreign exchange rates.
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Coles Myer, three years into a five-year turnaround journey, bettered its guidance with a record annual net profit of $576.5 million on Wednesday and said it was well on the way to meeting its target of $800 million in fiscal 2006.
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Swiss Re, the world's largest reinsurance group, reported on Thursday record net profits of 4.6 billion Swiss francs (2.88 billion euros, 3.80 billion dollars) for 2006, up 98 percent from the previous year.
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The Royal Bank of Scotland (RBS) said Thursday that net profit rose by 15 percent to 6.2 billion pounds in 2006, boosted by its investment banking arm.
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BHP Billiton, the world's largest miner, has posted a record annual net profit of 10.45 billion US dollars and delivered an upbeat outlook amid unprecedented global demand for commodities.
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French state-controlled energy group Gaz de France said Tuesday that its net profit in 2006 rose by 29 percent to its highest-ever level.
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Anglo-Australian mining giant BHP Billiton said Wednesday it had set or equalled record production figures for seven commodities in the six months to December.
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Mining giant BHP Billiton reported a record first half-profit of 6.168 billion dollars, up from 4.364 billion in the same period the previous year.
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Swedish heavy lorry maker Volvo AB said its net profit leapt 24.5 percent in 2006 to 16.318 billion kronor (1.8 billion euros, 2.4 billion dollars), on the back of record sales.
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Shares in global miner Rio Tinto Ltd./Plc.  hit a record high on Thursday as investors bet it would launch a rival bid for Canada's Alcan Ltd. , topping the $28.8 billion that Alcoa Inc. has offered.
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Anglo-Australian mining giant BHP Billiton on Wednesday announced Australia&#39;s biggest ever annual net profit, US$3.51 billion (euros 2.84 billion), thanks to soaring demand.
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The world's biggest miner BHP Billiton has reported a record first-half profit of 6.168 billion dollars, and said it expected China to continue to drive global demand for commodities.
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French oil giant Total said that 2006 adjusted net profit soared to 15.8 billion dollars, a record figure for any French company that revived pressure on the group to make a greater contribution to the common good.
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Rio Tinto Ltd./Plc.'s   second-half net profit rose 25 percent, driven by higher volumes in key commodities such as iron ore and aluminum, but the mining giant painted a mixed outlook for 2007.
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SYDNEY/LONDON  - Anglo-Australian miner Rio Tinto Ltd/Plc   signed a $38.1 billion cash deal to buy Canada's Alcan Inc. , creating the world's biggest aluminum producer, the companies said on Thursday, trumping a hostile offer from Alcoa Inc .
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BHP Billiton, the world's largest miner has posted a record annual net profit of 10.45 billion US dollars and delivered an upbeat outlook amid unprecedented global demand for commodities.