Asian shares soar to 1-month high on earnings, Fed optimism

Asian shares climbed to one-month highs on Wednesday, steered by a robust Wall Street on optimism over corporate earnings and prospects the U.S. Federal Reserve will reaffirm its willingness to wait for an extended period before raising interest rates.

Rockwell posts bottom-line profit and eighth successive quarter of revenue growth

Rockwell Diamonds Incorporated has released its results for the three months ended May 31, 2014. Rockwell holds a current market cap of R214m, and is listed in South Africa and Canada. Its share price is up 24.6% on the year. Features of first quarter fiscal 2014: Net profit of C$345,000 reported in first quarter compared to … Read more

Nigeria’s Oando converts $218.9m loan to Canadian unit to equity

LAGOS (Reuters) – Nigeria’s Oando Plc has converted a $218.9 million loan to its Toronto-listed unit Oando Energy Resources to equity, to increase its stake in the subsidiary by 1.6 percent to 93.6 percent, it said on Thursday. Oando said the debt is part of a $1.2 billion facility it approved for its subsidiary in February to help finance … Read more