Colombia tightens bank rules amid economic strains

May 18, 2012
--Colombia to force some banks to bulk up loan provisions --Concerns are mainly over consumer credit, where past-due loans have increased 26% this year --Colombia's strong economy starting to show signs of strain; peso weakening sharply (Updates with details on new rules.) BOGOTA -(MarketWatch)- Colombia's government said Friday it will force some banks to set aside higher provisions, or reserves, on new consumer credit due to a worrisome rise in past-due loans and amid signs of strain in the economy.

Tata Steel’s quarterly net profit plunges 90%

May 18, 2012
NEW DELHI -(MarketWatch)- Tata Steel Ltd. 500470.BY said Friday consolidated net profit for the fourth quarter plunged 90% from a year earlier when a one-time gain had boosted its earnings. Net profit for the January-March period slumped to INR4.33 billion from INR41.76 billion a year earlier, the world's eighth largest steelmaker by volume said.

Tesoro Enterprises, Inc. Releases First Quarter 2012 Financial Statements

May 18, 2012
NEW CANAAN, Conn., May 18, 2012 /PRNewswire/ -- Tesoro Enterprises, Inc. (PINKSHEETS: TSNP) announced today the publishing of its First Quarter 2012 Financial statements. The report included, among other things, the following summary of Management's Discussion and Analysis of the...

Tata Steel Net Drops 90%

May 18, 2012
Tata Steel's net profit for the fiscal fourth quarter plunged 90% from a year earlier, when a one-time gain boosted its earnings, while sluggish demand for steel in Europe limited the company's sales growth.