The European Union auctioned 2,247,000 spot carbon emission allowances at a transaction price of €80.74 per ton.

BHP.US and the Port Hedland union's wage negotiations have broken down, with mediation talks scheduled for August 25.

Long-term bond yields rise, international gold price falls below $4,400 per ounce

Goldman Sachs (GS.US) announces an agreement to acquire LCN Capital Partners. The initial transaction consideration is approximately $260 million. The proposed deal also includes about $150 million in deferred and contingent consideration.

Masoud Suleiman, Chairman of Libya’s National Oil Corporation, stated that Libya needs up to 40 billion dollars in investment for oil field development to restore its status as one of the largest oil producers.