FURTHER FURTHER ROUNDUP
- European recovery means little for the jobless.
- The rise and fall of the superstar.
- The roots of metropolitan collapse.
- US population by age, automated.
- Art forgerers, next in line to be replaced by the robots.
ROUND-UP
Demand surges for copper in China: "One of the most closely watched indicators of the strength of the Chinese copper market has risen to the highest level on record, in a further sign that the country's industrial economy is outperforming gloomy expectations. Chinese copper premiums – that is, the cost of physical copper over and above the benchmark futures prices – have more than tripled since the start of the year to a high of more than $200 a tonne, traders said." (Financial Times)
L'Oréal offers to buy Chinese face mask company for $840m: "L'Oréal, the world's biggest cosmetics producer by sales, has offered to buy a Chinese facial mask specialist in a deal estimated to be worth about US$840m. The move to acquire Magic Holdings International, a Hong Kong-listed cosmetics producer, shows that the company, based in Clichy, near Paris, is betting firmly on Chinese growth even as concerns mount that the world's second-largest economy is slowing." (Financial Times)
Dell earnings slide amid deal wrangle: "Dell surprised investors on Thursday with a decision to release its second quarter results almost a week earlier than scheduled, and just one day before a court will hear arguments over opposition to a deal proposal to take the company private. The personal computer company reported revenues of $14.5bn for the fiscal quarter ending in July, just ahead of the $14.2bn analysts had expected. Net income fell 51 per cent compared with the year before to $433m, or 25 cents per share, on a pro forma basis, compared with the 24 cents forecast by Wall Street." (Financial Times)
Business believes Merkel win would strengthen eurozone economy: "Top business people around the world hope that German Chancellor Angela Merkel will retain her grip on power, believing her re-election would strengthen the eurozone's economic prospects. Germans go to the polls on September 22 and, elsewhere in the EU, controversial issues such as working towards a eurozone banking union look like they are being put on hold, reflecting reluctance to take any major policy decisions until the poll result is known." (Financial Times)
