LIMA, Dec 31 (Reuters) - Peruvian president Pedro Pablo
Kuczynski said on Saturday that he is evaluating the possibility
of suing Brazilian construction firm Odebrecht for
damages after the company admitted to using bribes to secure
public contracts in the Andean nation.
Read more
Saturday, December 31, 2016
Indian coal mine death toll rises to 16, some still trapped
BHUBANESWAR, India, Dec 31 (Reuters) - The death toll in an
Indian coal mine collapse rose to 16 on Saturday and could rise
further, officials said, as some people are still feared trapped
at a coalfield run by state-owned Coal India Limited.
Read more
Indian coal mine collapse rose to 16 on Saturday and could rise
further, officials said, as some people are still feared trapped
at a coalfield run by state-owned Coal India Limited.
Read more
UPDATE 2-U.S. to pursue Chinese plywood imports investigation
WASHINGTON, Dec 30 (Reuters) - U.S. trade officials on
Friday said they will continue their anti-dumping probe into
certain hardwood plywood products from China after deciding
there was a "reasonable indication" that the American plywood
industry was hurt by subsidized imports.
Read more
Friday said they will continue their anti-dumping probe into
certain hardwood plywood products from China after deciding
there was a "reasonable indication" that the American plywood
industry was hurt by subsidized imports.
Read more
Friday, December 30, 2016
European shares post small loss for 2016, Britain's FTSE hits record high
LONDON, Dec 30 (Reuters) - European shares posted a small
loss for 2016, though strong gains among mining stocks and the
oil & gas sector as well as a turnaround in banks in the latter
part of the year lent support, while Britain's FTSE 100 index
climbed to a record high.
Read more
loss for 2016, though strong gains among mining stocks and the
oil & gas sector as well as a turnaround in banks in the latter
part of the year lent support, while Britain's FTSE 100 index
climbed to a record high.
Read more
CANADA STOCKS-TSX slips modestly in broad retreat
TORONTO, Dec 30 (Reuters) - Canada's main stock index dipped
on Friday as resource and financial stocks led broad but modest
declines in the final trading day of the year.
Read more
on Friday as resource and financial stocks led broad but modest
declines in the final trading day of the year.
Read more
Britain's FTSE finishes 2016 in style, sets record high
LONDON, Dec 30 (Reuters) - Britain's blue-chip FTSE 100
index closed 2016 at a record high level on Friday, with
a blistering rally in mining stocks and a sharp fall in sterling
after June's shock Brexit vote boosting the market.
Read more
index closed 2016 at a record high level on Friday, with
a blistering rally in mining stocks and a sharp fall in sterling
after June's shock Brexit vote boosting the market.
Read more
New Caledonia approves extra nickel ore exports to China
PARIS, Dec 30 (Reuters) - The government of New Caledonia
has approved requests from three mining companies to export as
much as 2 million tonnes of low-purity nickel ore annually to
China as part of efforts to help the industry to recover from a
prolonged slump in prices.
Read more
has approved requests from three mining companies to export as
much as 2 million tonnes of low-purity nickel ore annually to
China as part of efforts to help the industry to recover from a
prolonged slump in prices.
Read more
Sri Lankan shares fall about 10 pct in 2016; directions on rupee, rates awaited
COLOMBO, Dec 30 (Reuters) - Sri Lankan shares fell on
Friday, posting a yearly decline of about 10 percent, in thin
trade due to year-end holidays, while investors waited for
directions from the central bank on the rupee and
interest rates.
Read more
Friday, posting a yearly decline of about 10 percent, in thin
trade due to year-end holidays, while investors waited for
directions from the central bank on the rupee and
interest rates.
Read more
Asia Gold-India discounts widen, China premiums narrow on sluggish demand
MUMBAI/BANGALORE, Dec 30 (Reuters) - Gold discounts in India
widened this week as a rebound in global prices prompted buyers
to postpone purchases amid a severe cash crunch, while demand
across Asia remained subdued.
Read more
widened this week as a rebound in global prices prompted buyers
to postpone purchases amid a severe cash crunch, while demand
across Asia remained subdued.
Read more
UPDATE 1-Five killed, many trapped in Indian coal mine collapse - police
BHUBANESWAR, India, Dec 30 (Reuters) - At least five Indian
miners were killed and nearly two dozen trapped when mine waste
collapsed at a mine run by state-owned Coal India Limited
, police said on Friday.
Read more
miners were killed and nearly two dozen trapped when mine waste
collapsed at a mine run by state-owned Coal India Limited
, police said on Friday.
Read more
Thursday, December 29, 2016
FEATURE-Mexico's Maya point way to slow species loss, climate change
FELIPE CARRILLO PUERTO, Mexico, Dec 30 (Thomson Reuters
Foundation) - Maria Yam Pérez scrambles eggs over a
wood-saving, earth-block stove and stirs in freshly chopped
chaya, a spinach-like jungle plant known for its versatility in
cooking and medicine.
Read more
Foundation) - Maria Yam Pérez scrambles eggs over a
wood-saving, earth-block stove and stirs in freshly chopped
chaya, a spinach-like jungle plant known for its versatility in
cooking and medicine.
Read more
RPT-Indian exchange's IPO under cloud, but unlikely to be derailed
MUMBAI, Dec 29 (Reuters) - The disclosure by the National
Stock Exchange that some high-frequency trading brokers may have
been provided unfair access to its servers is unlikely to derail
the Indian bourse operator's IPO plans, a senior regulatory
source and investors said on Thursday.
Read more
Stock Exchange that some high-frequency trading brokers may have
been provided unfair access to its servers is unlikely to derail
the Indian bourse operator's IPO plans, a senior regulatory
source and investors said on Thursday.
Read more
China extends overcapacity fight to more sectors in 2017 -paper
SHANGHAI, Dec 30 (Reuters) - China will increase its targets
for capacity cuts in steel and coal in 2017, while extending its
campaign against overcapacity to industries such as cement,
glass, electrolytic aluminum and shipping, a state-run newspaper
said on Friday.
Read more
for capacity cuts in steel and coal in 2017, while extending its
campaign against overcapacity to industries such as cement,
glass, electrolytic aluminum and shipping, a state-run newspaper
said on Friday.
Read more
China's outbound M&A push to draw more scrutiny after record year
HONG KONG/BEIJING, Dec 30 (Reuters) - China's appetite for
foreign assets is likely to remain healthy after completed
acquisitions surged 46 percent to a record $105 billion this
year as mainland firms scooped up assets ranging from movie
studios to football clubs.
Read more
foreign assets is likely to remain healthy after completed
acquisitions surged 46 percent to a record $105 billion this
year as mainland firms scooped up assets ranging from movie
studios to football clubs.
Read more
Britain's FTSE sets record closing high as gold miners shine
* Banking stocks feature among top fallers
(ADVISORY- Follow European and UK stock markets in real time on
the Reuters Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets)
Read more
(ADVISORY- Follow European and UK stock markets in real time on
the Reuters Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets)
Read more
Indian exchange's IPO under cloud, but unlikely to be derailed
MUMBAI, Dec 29 (Reuters) - The disclosure by the National
Stock Exchange that some high-frequency trading brokers may have
been provided unfair access to its servers is unlikely to derail
the Indian bourse operator's IPO plans, a senior regulatory
source and investors said on Thursday.
Read more
Stock Exchange that some high-frequency trading brokers may have
been provided unfair access to its servers is unlikely to derail
the Indian bourse operator's IPO plans, a senior regulatory
source and investors said on Thursday.
Read more
GRAPHIC-Markets in 2016 - the winners and losers
LONDON, Dec 29 (Reuters) - Oil's plunge to its lowest in
over a decade and fears over China's economy hammered global
commodity markets and share prices earlier this year, but
investors who held their nerve will be partying the hardest this
holiday season.
Read more
over a decade and fears over China's economy hammered global
commodity markets and share prices earlier this year, but
investors who held their nerve will be partying the hardest this
holiday season.
Read more
Britain's FTSE steadies near highs in thin trading
LONDON, Dec 29 (Reuters) - Britain's top share index
steadied in thin holiday trading on Thursday after setting a
record closing high in the previous session, with miners coming
under pressure following a drop in prices of major industrial
metals.
Read more
steadied in thin holiday trading on Thursday after setting a
record closing high in the previous session, with miners coming
under pressure following a drop in prices of major industrial
metals.
Read more
Sri Lankan shares hit more than 1-wk closing high; PABC boosts turnover
COLOMBO, Dec 29 (Reuters) - Sri Lankan shares touched a more
than one-week closing high on Thursday led by financials, with
shares of Pan Asia Banking Corporation Plc accounting
for 85 percent of the day's turnover.
Read more
than one-week closing high on Thursday led by financials, with
shares of Pan Asia Banking Corporation Plc accounting
for 85 percent of the day's turnover.
Read more
European shares ease as miners, banks fall
* Gold miners in demand
(ADVISORY- Follow European and UK stock markets in real time on
the Reuters Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets)
Read more
(ADVISORY- Follow European and UK stock markets in real time on
the Reuters Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets)
Read more
European shares ease as miners, banks fall
LONDON, Dec 29 (Reuters) - European shares opened slightly
lower on Thursday with all sectors in negative territory in
early deals as banking shares and miners fell.
Read more
lower on Thursday with all sectors in negative territory in
early deals as banking shares and miners fell.
Read more
Peru to bar Odebrecht from public bids with new anti-graft rules
LIMA, Dec 28 (Reuters) - Peru said on Wednesday that
Odebrecht SA and other companies involved in
corruption will not be able to bid on public work contracts, a
week after the Brazilian builder acknowledged distributing $29
million in bribes in the Andean country.
Read more
Odebrecht SA and other companies involved in
corruption will not be able to bid on public work contracts, a
week after the Brazilian builder acknowledged distributing $29
million in bribes in the Andean country.
Read more
China's CCB signs $4.3 bln of debt/equity swaps with coal, steel firms
SHANGHAI, Dec 29 (Reuters) - China Construction Bank Corp
(CCB) has signed around 30 billion yuan
($4.31 billion) worth of debt-for-equity swaps with eastern
Anhui province's state-owned coal and steel firms, the official
Xinhua news agency said late on Wednesday.
Read more
(CCB) has signed around 30 billion yuan
($4.31 billion) worth of debt-for-equity swaps with eastern
Anhui province's state-owned coal and steel firms, the official
Xinhua news agency said late on Wednesday.
Read more
Wednesday, December 28, 2016
Sri Lankan shares rise nearly 0.5 pct in high turnover
COLOMBO, Dec 28 (Reuters) - Sri Lankan shares closed about
half a percent higher on Wednesday, recovering from a more than
eight-month closing low hit in the previous session, led by blue
chips such as John Keells Holdings and Hatton National
Bank.
Read more
half a percent higher on Wednesday, recovering from a more than
eight-month closing low hit in the previous session, led by blue
chips such as John Keells Holdings and Hatton National
Bank.
Read more
UPDATE 1-Brazil's Petrobras sells $587 mln in assets, misses two-year target
SAO PAULO, Dec 28 (Reuters) - Brazil's state-run oil
company, Petroleo Brasileiro SA, on Wednesday
announced the sale of ethanol and petrochemicals assets for $587
million, but said it would still fall $1.5 billion short of its
divestment target for the 2015-2016 period.
Read more
company, Petroleo Brasileiro SA, on Wednesday
announced the sale of ethanol and petrochemicals assets for $587
million, but said it would still fall $1.5 billion short of its
divestment target for the 2015-2016 period.
Read more
Panama to cancel Odebrecht contract amid corruption scandal
PANAMA CITY, Dec 27 (Reuters) - Panama said on Tuesday it
will cancel a contract given to Brazil's Odebrecht and will not
allow the company to participate in public bids, shortly after
Odebrecht admitted to bribing officials in Panama and other
countries to obtain government contracts.
Read more
will cancel a contract given to Brazil's Odebrecht and will not
allow the company to participate in public bids, shortly after
Odebrecht admitted to bribing officials in Panama and other
countries to obtain government contracts.
Read more
UPDATE 1-Indonesian mining group seeks to export low-grade nickel ore
JAKARTA, Dec 28 (Reuters) - The Indonesian Association of
Mineral Entrepreneurs (Apemindo) has asked the government to
allow exports of low-grade nickel ore, executive director
Ladjiman Damanik told reporters on Wednesday.
Read more
Mineral Entrepreneurs (Apemindo) has asked the government to
allow exports of low-grade nickel ore, executive director
Ladjiman Damanik told reporters on Wednesday.
Read more
Tuesday, December 27, 2016
Sri Lankan shares hit more than 8-mth closing low; turnover slumps
COLOMBO, Dec 27 (Reuters) - Sri Lankan shares closed at
their weakest in more than eight months in typical year-end
holiday-thinned trading on Tuesday, with turnover slumping to a
near 33-month low as investors stayed away.
Read more
their weakest in more than eight months in typical year-end
holiday-thinned trading on Tuesday, with turnover slumping to a
near 33-month low as investors stayed away.
Read more
Chinese court jails former Chinalco president for 16 years for graft
BEIJING, Dec 27 (Reuters) - A Chinese court has jailed Sun
Zhaoxue, the former president of state-owned metals producer
Aluminum Corporation of China (Chinalco), for 16 years for
graft, the court said on Tuesday.
Read more
Zhaoxue, the former president of state-owned metals producer
Aluminum Corporation of China (Chinalco), for 16 years for
graft, the court said on Tuesday.
Read more
UPDATE 1-China targets 'toilet revolution', rustbelt regions in plan to boost tourism
BEIJING, Dec 27 (Reuters) - China said it will boost
investment in tourism, with plans to develop rustbelt regions
and upgrade public toilets high on its to-do list as it looks to
lift the sector's contribution to economic growth.
Read more
investment in tourism, with plans to develop rustbelt regions
and upgrade public toilets high on its to-do list as it looks to
lift the sector's contribution to economic growth.
Read more
China targets 'toilet revolution', rustbelt regions in plan to boost tourism
BEIJING, Dec 27 (Reuters) - China said it will boost
investment in tourism, with plans to develop rustbelt regions
and upgrade public toilets high on its to-do list as it looks to
lift the sector's contribution to economic growth.
Read more
investment in tourism, with plans to develop rustbelt regions
and upgrade public toilets high on its to-do list as it looks to
lift the sector's contribution to economic growth.
Read more
Monday, December 26, 2016
UPDATE 2-Peru president proposes dredging reservoir for gold
LIMA, Dec 26 (Reuters) - President Pedro Pablo Kuczynski
proposed dredging a reservoir in a dry northern region of Peru
to extract what he described as "much more gold" than what the
country's biggest gold mine holds, according to an interview
with a local newspaper.
Read more
proposed dredging a reservoir in a dry northern region of Peru
to extract what he described as "much more gold" than what the
country's biggest gold mine holds, according to an interview
with a local newspaper.
Read more
Toshiba sees loss of about 100 bln yen on U.S. nuclear power acquisition - Nikkei
Dec 27 (Reuters) - Electronics giant Toshiba Corp
expects to report a one-off loss of about 100 billion yen ($850
million) on a U.S. nuclear power acquisition made by its
Westinghouse operation last year, the Nikkei business daily
reported.
Read more
expects to report a one-off loss of about 100 billion yen ($850
million) on a U.S. nuclear power acquisition made by its
Westinghouse operation last year, the Nikkei business daily
reported.
Read more
East Libyan forces launch air strike against rivals in central desert
BENGHAZI, Libya, Dec 26 (Reuters) - Forces loyal to Libya's
eastern government said they had carried out an air strike
against opponents in the central Jufra region on Monday.
Read more
eastern government said they had carried out an air strike
against opponents in the central Jufra region on Monday.
Read more
Russia's Rostec may sell 25 pct in Sukhoi Log JV to Polyus
MOSCOW, Dec 27 (Reuters) - Russian state conglomerate Rostec
would consider selling 25 percent in the joint venture created
to develop giant Sukhoi Log gold deposit with Russia's largest
gold producer Polyus to the partner in the JV,
Rostec's head Sergei Chemezov said.
Read more
would consider selling 25 percent in the joint venture created
to develop giant Sukhoi Log gold deposit with Russia's largest
gold producer Polyus to the partner in the JV,
Rostec's head Sergei Chemezov said.
Read more
China stocks fall on weak commodity prices, reduced liquidity
SHANGHAI, Dec 26 (Reuters) - China stocks began 2016's final
week on a bearish note, as lower commodity prices hurt raw
material and energy shares.
Read more
week on a bearish note, as lower commodity prices hurt raw
material and energy shares.
Read more
China's ICBC signs debt-for-equity swaps with state coal, steel firms
BEIJING, Dec 26 (Reuters) - Industrial and Commercial Bank
of China (ICBC) has signed three
debt-for-equity swaps with Shanxi province's highly indebted
state-owned coal and steel firms, the bank said late on Monday.
Read more
of China (ICBC) has signed three
debt-for-equity swaps with Shanxi province's highly indebted
state-owned coal and steel firms, the bank said late on Monday.
Read more
Friday, December 23, 2016
Congo talks pause close to deal for Kabila to step down in 2017
KINSHASA, Dec 24 (Reuters) - Political parties in Democratic
Republic of Congo paused talks on Saturday close to a deal under
which President Joseph Kabila would leave power in 2017 and
elections would be held the same year, participants at the talks
said.
Read more
Republic of Congo paused talks on Saturday close to a deal under
which President Joseph Kabila would leave power in 2017 and
elections would be held the same year, participants at the talks
said.
Read more
Bundesbank brings home gold faster than planned -Weidmann
FRANKFURT, Dec 24 (Reuters) - Germany's Bundesbank has this
year taken back more of its gold than planned as it moves toward
hoarding half of the world's second-largest reserve at home,
Bundesbank President Jens Weidmann told German daily Bild.
Read more
year taken back more of its gold than planned as it moves toward
hoarding half of the world's second-largest reserve at home,
Bundesbank President Jens Weidmann told German daily Bild.
Read more
Uranium stocks find spotlight with Trump's nuclear comments
NEW YORK, Dec 23 (Reuters) - Donald Trump's call for an
expansion of the United States' nuclear capabilities has shone a
spotlight on a group of uranium stocks that has been battered
over the past six years but have seen some new life since his
presidential election victory.
Read more
expansion of the United States' nuclear capabilities has shone a
spotlight on a group of uranium stocks that has been battered
over the past six years but have seen some new life since his
presidential election victory.
Read more
WRAPUP 1-Trump's nuclear remarks test bid to improve Russia ties
WEST PALM BEACH, Fla./MOSCOW, Dec 23 (Reuters) - U.S.
President-elect Donald Trump upped the stakes on Friday in a
back-and-forth exchange with President Vladimir Putin over
nuclear weapons that tested the Republican's promises to improve
relations with Russia.
Read more
President-elect Donald Trump upped the stakes on Friday in a
back-and-forth exchange with President Vladimir Putin over
nuclear weapons that tested the Republican's promises to improve
relations with Russia.
Read more
CANADA STOCKS-TSX slips as energy, financial losses offset miner gains
TORONTO, Dec 23 (Reuters) - Canada's main stock index
slipped on Friday, ending a six-day rising streak as losses
among energy and financial stocks outweighed gains for gold
miners.
Read more
slipped on Friday, ending a six-day rising streak as losses
among energy and financial stocks outweighed gains for gold
miners.
Read more
CANADA STOCKS-TSX notches small gain as materials stocks rise
TORONTO, Dec 23 (Reuters) - Canada's main stock index edged
higher in morning trade on Friday as materials stocks led a
broad but shallow rally and some heavyweight financial shares
slipped.
Read more
higher in morning trade on Friday as materials stocks led a
broad but shallow rally and some heavyweight financial shares
slipped.
Read more
Putin says Russian government has control of Rosneftegaz's money
MOSCOW, Dec 23 (Reuters) - The Russian government is in
control of cash on the books of state holding company
Rosneftegaz and spending from those reserves is "absolutely
transparent", President Vladimir Putin said on Friday.
Read more
control of cash on the books of state holding company
Rosneftegaz and spending from those reserves is "absolutely
transparent", President Vladimir Putin said on Friday.
Read more
REFILE-Former director at India's Tata group sues Tata Sons, board members for defamation
MUMBAI, Dec 23 (Reuters) - Nusli Wadia, a former independent
director on the boards of Tata Motors Ltd and Tata
Steel Ltd, has filed a defamation case against holding
company Tata Sons and 11 of its board members and executives.
Read more
director on the boards of Tata Motors Ltd and Tata
Steel Ltd, has filed a defamation case against holding
company Tata Sons and 11 of its board members and executives.
Read more
UPDATE 2-Trump on nuclear weapons tweet: 'Let it be an arms race' -MSNBC
WASHINGTON, Dec 23 (Reuters) - U.S. President-elect Donald
Trump, asked to clarify his comments about expanding U.S.
nuclear weapons capability, said, "Let it be an arms race," and
that the United States would win it, MSNBC reported on Friday.
Read more
Trump, asked to clarify his comments about expanding U.S.
nuclear weapons capability, said, "Let it be an arms race," and
that the United States would win it, MSNBC reported on Friday.
Read more
Congo opposition insists Kabila step down for polls by November 2017
KINSHASA, Dec 23 (Reuters) - Congo's main opposition bloc
insisted on Friday that President Joseph Kabila step aside in
time for elections no later than November 2017, as a condition
in an agreement being negotiated.
Read more
insisted on Friday that President Joseph Kabila step aside in
time for elections no later than November 2017, as a condition
in an agreement being negotiated.
Read more
Sri Lankan shares rise after eight sessions of falls in thin trade
COLOMBO, Dec 23 (Reuters) - Sri Lankan shares edged up on
Friday, snapping eight straight sessions of falls and moving
away from a more than eight-month closing low hit in the
previous session, while turnover was low in holiday-thinned
trade as investors stayed away from markets ahead of the
Christmas weekend.
Read more
Friday, snapping eight straight sessions of falls and moving
away from a more than eight-month closing low hit in the
previous session, while turnover was low in holiday-thinned
trade as investors stayed away from markets ahead of the
Christmas weekend.
Read more
Putin says Russia received Glencore, Qatar payment for Rosneft
MOSCOW, Dec 23 (Reuters) - The Russian state budget has
received a payment from the Qatar Investment Authority (QIA) and
commodities trader Glencore to pay for a stake in oil
giant Rosneft, President Vladimir Putin said on
Friday.
Read more
received a payment from the Qatar Investment Authority (QIA) and
commodities trader Glencore to pay for a stake in oil
giant Rosneft, President Vladimir Putin said on
Friday.
Read more
UPDATE 2-Opposition says Congo politicians agree Kabila transition deal
KINSHASA, Dec 23 (Reuters) - Congolese politicians have
agreed in principle to a deal under which President Joseph
Kabila leaves office by the end of 2017, opposition leaders said
on Friday, an unexpected breakthrough after dozens were killed
in anti-government protests this week.
Read more
agreed in principle to a deal under which President Joseph
Kabila leaves office by the end of 2017, opposition leaders said
on Friday, an unexpected breakthrough after dozens were killed
in anti-government protests this week.
Read more
FACTBOX-China's war on smog sends shivers across commodities
BEIJING, Dec 23 (Reuters) - Four cities in China's
smoke-stack provinces published detailed lists of factories that
were ordered to either shut or curtail output, as severe smog
blanketed the north of the country.
The lists offer a snapshot into the disruption to China's
manufacturing heartland by the emergency measures that lasted
five days. In total 24 cities issued red alerts, forcing
schools, some airports and highways to close.
Here is the breakdown by sector in Beijing, Tianj
Read more
smoke-stack provinces published detailed lists of factories that
were ordered to either shut or curtail output, as severe smog
blanketed the north of the country.
The lists offer a snapshot into the disruption to China's
manufacturing heartland by the emergency measures that lasted
five days. In total 24 cities issued red alerts, forcing
schools, some airports and highways to close.
Here is the breakdown by sector in Beijing, Tianj
Read more
Asia Gold-Price slump fails to revive demand in India; China premiums shrink
MUMBAI/BANGALORE, Dec 23 (Reuters) - Gold demand in India
remained subdued this week despite a sharp fall in prices to
over 10-1/2 month lows as a severe cash crunch and holidays kept
buyers away from the market, while premiums in China fell from
near 3-year highs touched in the prior week.
Read more
remained subdued this week despite a sharp fall in prices to
over 10-1/2 month lows as a severe cash crunch and holidays kept
buyers away from the market, while premiums in China fell from
near 3-year highs touched in the prior week.
Read more
REFILE-Aussie shares soften ahead of Christmas; NZ hits 2-wk closing high
Dec 23 (Reuters) - Australian shares ended softer on Friday
ahead of the Christmas long weekend as lower commodity prices
hurt miners, while financial stocks lost traction - pruning some
of their earlier gains.
Read more
ahead of the Christmas long weekend as lower commodity prices
hurt miners, while financial stocks lost traction - pruning some
of their earlier gains.
Read more
Opposition says Congo politicians seal Kabila transition deal
KINSHASA, Dec 23 (Reuters) - Congolese politicians have
agreed in principle to a deal under which President Joseph
Kabila leaves office by the end of 2017, opposition leaders said
on Friday, an unexpected breakthrough after dozens died in
anti-government protests this week.
Read more
agreed in principle to a deal under which President Joseph
Kabila leaves office by the end of 2017, opposition leaders said
on Friday, an unexpected breakthrough after dozens died in
anti-government protests this week.
Read more
Thursday, December 22, 2016
UPDATE 1-Odebrecht settlement spurs bribery inquiries across Latin America
LIMA/QUITO, Dec 22 (Reuters) - Politicians and investigators
across Latin America demanded more information from Brazil-based
construction company Odebrecht on Thursday after it admitted to
a decade of immense bribe payments in the region.
Read more
across Latin America demanded more information from Brazil-based
construction company Odebrecht on Thursday after it admitted to
a decade of immense bribe payments in the region.
Read more
UPDATE 1-Goldman names former DuPont CEO Kullman to board of directors
Dec 22 (Reuters) - Goldman Sachs Group Inc named
former chair and chief executive officer of E.I. du Pont de
Nemours and Co Ellen Kullman to its board of directors,
according to a filing made public on Thursday.
Read more
former chair and chief executive officer of E.I. du Pont de
Nemours and Co Ellen Kullman to its board of directors,
according to a filing made public on Thursday.
Read more
Odebrecht settlement spurs bribery inquiries across Latin America
LIMA/QUITO, Dec 22 (Reuters) - Politicians and investigators
across Latin America demanded more information from Brazil-based
construction giant Odebrecht on Thursday after it admitted to a
decade of immense bribe payments in the region.
Read more
across Latin America demanded more information from Brazil-based
construction giant Odebrecht on Thursday after it admitted to a
decade of immense bribe payments in the region.
Read more
UPDATE 1-Peru's president says he took no bribes from Brazil's Odebrecht
LIMA, Dec 22 (Reuters) - Peru President Pedro Pablo
Kuczynski on Thursday denied any involvement in $20 million in
bribes that Brazilian construction giant Odebrecht SA said it
paid to an unnamed official to win a public works contract in
2005, when he was prime minister.
Read more
Kuczynski on Thursday denied any involvement in $20 million in
bribes that Brazilian construction giant Odebrecht SA said it
paid to an unnamed official to win a public works contract in
2005, when he was prime minister.
Read more
Britain's FTSE ends at 2-month high helped by oil stocks
LONDON/MILAN, Dec 22 (Reuters) - British shares edged up to
two-month highs on Thursday, led by gains in the energy sector
and among precious metals miners.
Read more
two-month highs on Thursday, led by gains in the energy sector
and among precious metals miners.
Read more
At least six killed, 150 wounded in southeast Congo ethnic violence
KINSHASA, Dec 22 (Reuters) - At least six people were killed
and 150 wounded in clashes between Pygmies and Bantus this week
in southeastern Congo, a local activist said on Thursday, the
latest flare-up in a three-year ethnic conflict that has killed
dozens.
Read more
and 150 wounded in clashes between Pygmies and Bantus this week
in southeastern Congo, a local activist said on Thursday, the
latest flare-up in a three-year ethnic conflict that has killed
dozens.
Read more
Congo authorities sweep southeast city, arresting dozens
KINSHASA, Dec 22 (Reuters) - Congo authorities swept through
the southeastern mining hub of Lubumbashi on Thursday, making
dozens of arrests after deadly protests against President Joseph
Kabila, local activists said.
Read more
the southeastern mining hub of Lubumbashi on Thursday, making
dozens of arrests after deadly protests against President Joseph
Kabila, local activists said.
Read more
Wall Street and oil take the 2016 spoils
LONDON, Dec 22 (Reuters) - Oil is set to be 2016's top
market performer, with its near 50 percent gain an outcome few
would have predicted when it plunged to a 12-year low in
January.
Read more
market performer, with its near 50 percent gain an outcome few
would have predicted when it plunged to a 12-year low in
January.
Read more
UPDATE 1-Congo security forces killed at least 34 in anti-Kabila protests-HRW
KINSHASA, Dec 22 (Reuters) - Security forces in Democratic
Republic of Congo killed at least 34 people during protests this
week against President Joseph Kabila's failure to step down at
the end of his mandate, Human Rights Watch said on Thursday.
Read more
Republic of Congo killed at least 34 people during protests this
week against President Joseph Kabila's failure to step down at
the end of his mandate, Human Rights Watch said on Thursday.
Read more
Ethnic militia clashes kill 18 in eastern Congo-army
KINSHASA, Dec 22 (Reuters) - Fighting between Hutu and Nande
ethnic militias in eastern Democratic Republic of Congo on
Thursday killed 17 civilians and one police officer, a local
army spokesman said, in a sign of worsening insecurity across
the vast country.
Read more
ethnic militias in eastern Democratic Republic of Congo on
Thursday killed 17 civilians and one police officer, a local
army spokesman said, in a sign of worsening insecurity across
the vast country.
Read more
Wednesday, December 21, 2016
INSIGHT-U.S. refiners cash in on Mexico's record fuel imports
NEW YORK/HOUSTON, Dec 22 (Reuters) - U.S. Gulf Coast
refiners are cashing in on rising fuel demand from Mexico,
shipping record volumes to a southern neighbor that has failed
to expand its refining network to supply a fast-growing economy.
Read more
refiners are cashing in on rising fuel demand from Mexico,
shipping record volumes to a southern neighbor that has failed
to expand its refining network to supply a fast-growing economy.
Read more
Brazilian conservationists develop new tool to cut illegal wood from supply chains
RIO DE JANEIRO, Dec 22 (Thomson Reuters Foundation) -
C ompanies that want to buy Brazilian timber without contributing
to illegal deforestation have a new tool to help them ensure
stolen wood does not appear in their supply chains - a digital
platform tracing the origins of wood, environmentalists said.
Read more
C ompanies that want to buy Brazilian timber without contributing
to illegal deforestation have a new tool to help them ensure
stolen wood does not appear in their supply chains - a digital
platform tracing the origins of wood, environmentalists said.
Read more
Australia's Fortescue beats competitors to secure exploration leases - documents
SYDNEY, Dec 22 (Reuters) - Fortescue Metals Group
secured 42 mining and exploration leases in the world's biggest
iron ore precinct last financial year ahead of competitors being
notified the land was even available, parliamentary documents
show.
Read more
secured 42 mining and exploration leases in the world's biggest
iron ore precinct last financial year ahead of competitors being
notified the land was even available, parliamentary documents
show.
Read more
RPT-COLUMN-For metals markets it's still all about China: Andy Home
LONDON, Dec 21 (Reuters) - From a year of political upheaval
the metals markets can draw one all-important lesson.
Read more
the metals markets can draw one all-important lesson.
Read more
UK car production hits 12-year high with Dec still to go
LONDON, Dec 22 (Reuters) - Britain built more cars in the
first eleven months of 2016 than any full year since 2004, data
from an industry body showed on Thursday, putting the sector on
course to make more vehicles this year than in any other since
1999.
Read more
first eleven months of 2016 than any full year since 2004, data
from an industry body showed on Thursday, putting the sector on
course to make more vehicles this year than in any other since
1999.
Read more
Peru vows to back graft probes as Odebrecht plea shakes country
LIMA, Dec 21 (Reuters) - The government of Peruvian
President Pedro Pablo Kuczynski said it was helping the attorney
general's office obtain information from prosecutors abroad
after Brazil-based Odebrecht said in a global plea deal that it
doled out $29 million in bribes to local officials over three
presidencies.
Read more
President Pedro Pablo Kuczynski said it was helping the attorney
general's office obtain information from prosecutors abroad
after Brazil-based Odebrecht said in a global plea deal that it
doled out $29 million in bribes to local officials over three
presidencies.
Read more
UPDATE 1-WTO rules largely in favour of Taiwan in steel row with Canada
GENEVA/OTTAWA, Dec 21 (Reuters) - A dispute panel of the
World Trade Organization (WTO) largely ruled in favour of Taiwan
on Wednesday on its complaint over anti-dumping duties imposed
by Canada on some of its steel goods.
Read more
World Trade Organization (WTO) largely ruled in favour of Taiwan
on Wednesday on its complaint over anti-dumping duties imposed
by Canada on some of its steel goods.
Read more
Trump win ignites hope for stalled Alaska copper, gold mine
VANCOUVER, Dec 21 (Reuters) - A small Canadian miner is
confident Donald Trump's U.S. presidential win will let it
proceed with an application for a copper and gold mine in Alaska
that has been stalled almost three years by environmental
regulators aiming to protect the world's biggest sockeye salmon
fishery.
Read more
confident Donald Trump's U.S. presidential win will let it
proceed with an application for a copper and gold mine in Alaska
that has been stalled almost three years by environmental
regulators aiming to protect the world's biggest sockeye salmon
fishery.
Read more
UPDATE 2-DuPont hit with $2 mln verdict over Teflon-making chemical
Dec 21 (Reuters) - A U.S. jury in Ohio on Wednesday ordered
DuPont to pay $2 million to a man who said he developed
testicular cancer from exposure to a toxic chemical leaked from
one of the company's plants, according to the plaintiff's lawyer
Robert Bilott.
Read more
DuPont to pay $2 million to a man who said he developed
testicular cancer from exposure to a toxic chemical leaked from
one of the company's plants, according to the plaintiff's lawyer
Robert Bilott.
Read more
Odebrecht, Braskem plead guilty in U.S. after Brazil bribe probe
NEW YORK, Dec 21 (Reuters) - Brazilian construction firm
Odebrecht SA and affiliated petrochemical company
Braskem SA pleaded guilty in a U.S. court on
Wednesday to violating American foreign bribery laws as part of
a deal resolving a sweeping corruption probe of Brazil's state
oil company.
Read more
Odebrecht SA and affiliated petrochemical company
Braskem SA pleaded guilty in a U.S. court on
Wednesday to violating American foreign bribery laws as part of
a deal resolving a sweeping corruption probe of Brazil's state
oil company.
Read more
UPDATE 1-Odebrecht, Braskem plead guilty in U.S. after Brazil bribe probe
NEW YORK, Dec 21 (Reuters) - Brazilian construction firm
Odebrecht SA and affiliated petrochemical company
Braskem SA pleaded guilty in a U.S. court on
Wednesday to violating American foreign bribery laws as part of
a more than $3 billion deal resolving a sweeping corruption
probe of Brazil's state oil company.
Read more
Odebrecht SA and affiliated petrochemical company
Braskem SA pleaded guilty in a U.S. court on
Wednesday to violating American foreign bribery laws as part of
a more than $3 billion deal resolving a sweeping corruption
probe of Brazil's state oil company.
Read more
Congo forces kill 8 in mining hub during anti-govt protests, NGO says
KINSHASA, Dec 21 (Reuters) - Congolese security forces
killed eight civilians and wounded 35 others in the southeastern
mining hub of Lubumbashi on Tuesday and Wednesday during
protests against President Joseph Kabila, a local NGO said.
Read more
killed eight civilians and wounded 35 others in the southeastern
mining hub of Lubumbashi on Tuesday and Wednesday during
protests against President Joseph Kabila, a local NGO said.
Read more
WTO rules largely in favour of Taiwan in steel row with Canada
GENEVA, Dec 21 (Reuters) - A dispute panel of the World
Trade Organization (WTO) largely ruled in favour of Taiwan on
Wednesday on its complaint over anti-dumping duties imposed by
Canada on some of its steel goods.
Read more
Trade Organization (WTO) largely ruled in favour of Taiwan on
Wednesday on its complaint over anti-dumping duties imposed by
Canada on some of its steel goods.
Read more
Sri Lankan shares hit more than 8-mth closing low led by heavyweights
COLOMBO, Dec 21 (Reuters) - Sri Lankan shares closed at
their lowest in more than eight months in thin trade on
Wednesday ahead of the Christmas weekend, falling for a seventh
straight session led by blue chips and large caps, stockbrokers
said.
Read more
their lowest in more than eight months in thin trade on
Wednesday ahead of the Christmas weekend, falling for a seventh
straight session led by blue chips and large caps, stockbrokers
said.
Read more
COLUMN-For metals markets it's still all about China: Andy Home
LONDON, Dec 21 (Reuters) - From a year of political upheaval
the metals markets can draw one all-important lesson.
Read more
the metals markets can draw one all-important lesson.
Read more
RPT-COLUMN-Commodity forecasting is a guessing game on China, Trump, OPEC: Russell
LAUNCESTON, Australia, Dec 21 (Reuters) - It's that time of
year when crystal balls get taken out and polished up, but
forecasting commodity markets for 2017 is less certain than
usual given the unpredictability of the three main likely
drivers.
Read more
year when crystal balls get taken out and polished up, but
forecasting commodity markets for 2017 is less certain than
usual given the unpredictability of the three main likely
drivers.
Read more
Greek law limiting mass layoffs overturned by EU court
BRUSSELS, Dec 21 (Reuters) - A Greek law forcing employers
to seek government approval for mass layoffs is too vague and
violates European Union laws, the EU's top court ruled on
Wednesday, potentially complicating Athens' stance in talks with
international lenders.
Read more
to seek government approval for mass layoffs is too vague and
violates European Union laws, the EU's top court ruled on
Wednesday, potentially complicating Athens' stance in talks with
international lenders.
Read more
UPDATE 1-Chinese cities choked by dangerous smog for fifth day; factories, schools closed
* China says long-term pollution battle complex
(Adds transport disruption, environment minister comment)
Read more
(Adds transport disruption, environment minister comment)
Read more
Tuesday, December 20, 2016
No respite for shuttered iron ore miners as rally falls short
MANILA, Dec 21 (Reuters) - While this year's spectacular
rebound in iron ore prices has been a godsend for the world's
biggest miners, it has not gone high enough for smaller,
less-efficient producers that still have pits shuttered and
equipment idle.
Read more
rebound in iron ore prices has been a godsend for the world's
biggest miners, it has not gone high enough for smaller,
less-efficient producers that still have pits shuttered and
equipment idle.
Read more
COLUMN-Commodity forecasting is a guessing game on China, Trump, OPEC: Russell
LAUNCESTON, Australia, Dec 21 (Reuters) - It's that time of
year when crystal balls get taken out and polished up, but
forecasting commodity markets for 2017 is less certain than
usual given the unpredictability of the three main likely
drivers.
Read more
year when crystal balls get taken out and polished up, but
forecasting commodity markets for 2017 is less certain than
usual given the unpredictability of the three main likely
drivers.
Read more
RPT-Residents in China's north complain as smog alert enters fifth day
SHANGHAI, Dec 21 (Reuters) - Northern China was shrouded in
smog for a fifth straight day on Wednesday as citizens
complained that the state's emergency measures were still not
being implemented properly.
Read more
smog for a fifth straight day on Wednesday as citizens
complained that the state's emergency measures were still not
being implemented properly.
Read more
Flawed diamond regulations fuelling child labour in Congo mines - campaigners
DAKAR, Dec 21 (Thomson Reuters Foundation) - The failure of
European jewellery firms to scrutinise their supply chains and a
flawed diamond certification scheme are fuelling child labour
and sexual abuse in artisanal mines in the Democratic Republic
of Congo, a campaign group said on Thursday.
Read more
European jewellery firms to scrutinise their supply chains and a
flawed diamond certification scheme are fuelling child labour
and sexual abuse in artisanal mines in the Democratic Republic
of Congo, a campaign group said on Thursday.
Read more
Residents in China's north complain as smog alert enters fifth day
SHANGHAI, Dec 21 (Reuters) - Northern China was shrouded in
smog for a fifth straight day on Wednesday as citizens
complained that the state's emergency measures were still not
being implemented properly.
Read more
smog for a fifth straight day on Wednesday as citizens
complained that the state's emergency measures were still not
being implemented properly.
Read more
UPDATE 1-Brazil's charges worsen chance of ThyssenKurpp selling unit
RIO DE JANEIRO, Dec 20 (Reuters) - Rio de Janeiro state
prosecutors filed a lawsuit against former state Governor Sérgio
Cabral, two of his former secretaries and ThyssenKrupp AG
steelmaking unit Companhia Siderúrgica do Atlântico SA
for administrative impropriety over the granting of an
operations license.
Read more
prosecutors filed a lawsuit against former state Governor Sérgio
Cabral, two of his former secretaries and ThyssenKrupp AG
steelmaking unit Companhia Siderúrgica do Atlântico SA
for administrative impropriety over the granting of an
operations license.
Read more
Odebrecht, Braskem to pay 1.4 bln reais in fines to US, Swiss govt -report
SAO PAULO, Dec 20 (Reuters) - The Brazilian construction
firm Odebrecht and petrochemical company Braskem have agreed to
pay the U.S. and Swiss governments 700 million reais ($209
million) each to settle their roles in a sweeping corruption
case, the Folha de S.Paulo newspaper reported on Tuesday.
Read more
firm Odebrecht and petrochemical company Braskem have agreed to
pay the U.S. and Swiss governments 700 million reais ($209
million) each to settle their roles in a sweeping corruption
case, the Folha de S.Paulo newspaper reported on Tuesday.
Read more
UPDATE 1-Odebrecht, Braskem to pay 1.4 bln reais in fines to U.S., Swiss govts -report
SAO PAULO, Dec 20 (Reuters) - The Brazilian construction
firm Odebrecht SA and petrochemical company Braskem
SA will pay 1.4 billion reais ($417.5 million) to the
U.S. and Swiss governments as part of a settlement in a sweeping
corruption case, a source close to the negotiations told Reuters
Tuesday
Read more
firm Odebrecht SA and petrochemical company Braskem
SA will pay 1.4 billion reais ($417.5 million) to the
U.S. and Swiss governments as part of a settlement in a sweeping
corruption case, a source close to the negotiations told Reuters
Tuesday
Read more
Former LME accountant pleads guilty to credit card fraud
LONDON, Dec 20 (Reuters) - A former accountant at the London
Metal Exchange (LME) pleaded guilty on Tuesday to using company
credit cards to obtain goods and services for herself and her
family's personal benefit to which she was not entitled.
Read more
Metal Exchange (LME) pleaded guilty on Tuesday to using company
credit cards to obtain goods and services for herself and her
family's personal benefit to which she was not entitled.
Read more
Montenegro confirms first case of H5N8 bird flu
SARAJEVO, Dec 20 (Reuters) - Montenegro reported its first
case of bird flu on Tuesday after a dead duck was found infected
with the H5N8 strain of the illness on Lake Skadar in the east
of the country, state television reported.
Read more
case of bird flu on Tuesday after a dead duck was found infected
with the H5N8 strain of the illness on Lake Skadar in the east
of the country, state television reported.
Read more
UPDATE 1-Israel arrests ex-business associate of Steinmetz in Guinea probe
TEL AVIV, Dec 20 (Reuters) - Israeli police arrested a
former business associate of mining billionaire Beny Steinmetz
on Tuesday in a widening inquiry into allegations of bribery and
corruption in Africa.
Read more
former business associate of mining billionaire Beny Steinmetz
on Tuesday in a widening inquiry into allegations of bribery and
corruption in Africa.
Read more
Britain's FTSE hits two-month high, boosted by banks after Lloyds deal
* Precious metals miners
(ADVISORY- Follow European and UK stock markets in real time on
the Reuters Live Markets blog on Eikon, see cpurl://apps.cp./cms/?pageId=livemarkets)
Read more
(ADVISORY- Follow European and UK stock markets in real time on
the Reuters Live Markets blog on Eikon, see cpurl://apps.cp./cms/?pageId=livemarkets)
Read more
Guinea soldier wanted for stadium massacre arrested in Senegal
CONAKRY, Dec 20 (Reuters) - Senegal authorities have
arrested a Guinean soldier linked to a 2009 massacre in Conakry
where at least 150 people were killed and dozens of women raped,
a Senegalese security source said on Tuesday.
Read more
arrested a Guinean soldier linked to a 2009 massacre in Conakry
where at least 150 people were killed and dozens of women raped,
a Senegalese security source said on Tuesday.
Read more
UPDATE 1-Kimberly-Clark, rival CMPC allegedly fixed Chile diaper prices-report
SANTIAGO, Dec 20 (Reuters) - Kimberly-Clark Corp and
competitor CMPC allegedly fixed prices for diaper
products in Chile between 2002 and 2009, according to a document
sent to the nation's competition regulator, daily newspaper La
Tercera reported on Tuesday.
Read more
competitor CMPC allegedly fixed prices for diaper
products in Chile between 2002 and 2009, according to a document
sent to the nation's competition regulator, daily newspaper La
Tercera reported on Tuesday.
Read more
Kimberly-Clark, rival CMPC allegedly fixed Chile diaper prices-report
SANTIAGO, Dec 20 (Reuters) - Kimberly-Clark Corp and
competitor CMPC allegedly fixed prices for diaper
products in Chile between 2002 and 2009, according to a document
sent to the nation's competition regulator, daily newspaper La
Tercera reported on Tuesday.
Read more
competitor CMPC allegedly fixed prices for diaper
products in Chile between 2002 and 2009, according to a document
sent to the nation's competition regulator, daily newspaper La
Tercera reported on Tuesday.
Read more
Sri Lankan shares fall to over 8-month low; Seylan deal weighs
COLOMBO, Dec 20 (Reuters) - Sri Lankan shares fell for a
sixth straight session on Tuesday to hit its lowest in more than
eight month led by financials as a Seylan Bank share
deal cancellation weighed on sentiment.
Read more
sixth straight session on Tuesday to hit its lowest in more than
eight month led by financials as a Seylan Bank share
deal cancellation weighed on sentiment.
Read more
Miners sharpen marketing strategies in hunt for marginal gains
LONDON/SINGAPORE, Dec 20 (Reuters) - The world's big mining
groups are sharpening their marketing strategies in a
post-crisis scramble for even tiny increases in profit, seeking
marginal gains much like cycling teams in the Tour de France or
Olympic velodrome.
Read more
groups are sharpening their marketing strategies in a
post-crisis scramble for even tiny increases in profit, seeking
marginal gains much like cycling teams in the Tour de France or
Olympic velodrome.
Read more
Worsening Congo situation justifies European re-examination of ties, France says
PARIS, Dec 20 (Reuters) - France's foreign ministry called
for the European Union to re-examine its relations with
Democratic Republic of Congo after President Joseph Kabila
failed to step down when his mandate expired on Monday.
Read more
for the European Union to re-examine its relations with
Democratic Republic of Congo after President Joseph Kabila
failed to step down when his mandate expired on Monday.
Read more
Britain's FTSE falls, miners in the doldrums
LONDON, Dec 20 (Reuters) - Britain's top share index fell on
Tuesday as miners pulled back, though Lloyds rose after
a deal to buy a credit card business.
Read more
Tuesday as miners pulled back, though Lloyds rose after
a deal to buy a credit card business.
Read more
UPDATE 2-Smog engulfs cities in northern China for fourth day
SHANGHAI/BEIJING, Dec 20 (Reuters) - A plane carrying the
chief executive of the world's biggest oil exporter was
prevented from landing in the Chinese capital of Beijing on
Tuesday because of thick smog blanketing large swathes of
northern China.
Read more
chief executive of the world's biggest oil exporter was
prevented from landing in the Chinese capital of Beijing on
Tuesday because of thick smog blanketing large swathes of
northern China.
Read more
Islamic finance standards spur development of gold, silver products
Dec 20 (Reuters) - New standards for the use of precious
metals in Islamic finance are encouraging the development of
financial products based on gold and silver, from futures
contracts to a mobile app.
Read more
metals in Islamic finance are encouraging the development of
financial products based on gold and silver, from futures
contracts to a mobile app.
Read more
Monday, December 19, 2016
Smog engulfs northern China for fourth consecutive day
SHANGHAI/BEIJING, Dec 20 (Reuters) - Heavy smog engulfed
large parts of northern China for a fourth straight day on
Tuesday, with the environment ministry warning that some firms
in the region were continuing to flout emergency restrictions
and dozens of flights out of Beijing cancelled.
Read more
large parts of northern China for a fourth straight day on
Tuesday, with the environment ministry warning that some firms
in the region were continuing to flout emergency restrictions
and dozens of flights out of Beijing cancelled.
Read more
UPDATE 1-Canada's CCL to buy UK-based Innovia for $842 mln
Dec 19 (Reuters) - Canadian label and packaging maker CCL
Industries Inc said it would buy Innovia Group, whose
unit is the supplier of Bank of England's new plastic five pound
note that has fallen foul with vegetarians, for about C$1.13
billion ($842 million).
Read more
Industries Inc said it would buy Innovia Group, whose
unit is the supplier of Bank of England's new plastic five pound
note that has fallen foul with vegetarians, for about C$1.13
billion ($842 million).
Read more
REFILE-UPDATE 1-Australia, France sign lucrative DCNS submarines deal
SYDNEY, Dec 20 (Reuters) - Australia and France formally
sealed an agreement on Tuesday under which French naval
contractor DCNS will build a new fleet of submarines, a deal
worth A$50 billion ($36.3 billion).
Read more
sealed an agreement on Tuesday under which French naval
contractor DCNS will build a new fleet of submarines, a deal
worth A$50 billion ($36.3 billion).
Read more
Canada's CCL to buy Innovia for C$1.13 bln
Dec 19 (Reuters) - Canadian label and packaging maker CCL
Industries Inc said on Monday it would acquire
U.K.-based Innovia Group of companies for about C$1.13 billion
($842 million).
Read more
Industries Inc said on Monday it would acquire
U.K.-based Innovia Group of companies for about C$1.13 billion
($842 million).
Read more
Protests erupt in Congo capital, police fire tear gas
KINSHASA, Dec 19 (Reuters) - Protests erupted in several
neighbourhoods of the Congolese capital Kinshasa late on Monday,
and police fired tear gas to disperse them, witnesses said, just
before President Joseph Kabila's mandate expires at midnight.
Read more
neighbourhoods of the Congolese capital Kinshasa late on Monday,
and police fired tear gas to disperse them, witnesses said, just
before President Joseph Kabila's mandate expires at midnight.
Read more
UPDATE 1-Intesa Sanpaolo not aware of any probe over Rosneft deal
MILAN, Dec 19 (Reuters) - Intesa Sanpaolo is still
deciding whether to help fund the acquisition of a 19.5 percent
stake in Rosneft from the Russian state and said it
was not aware of any investigation by the Italian or other
European authorities into the transaction.
Read more
deciding whether to help fund the acquisition of a 19.5 percent
stake in Rosneft from the Russian state and said it
was not aware of any investigation by the Italian or other
European authorities into the transaction.
Read more
Intesa Sanpaolo not aware of any probe over Rosneft deal
MILAN, Dec 19 (Reuters) - Intesa Sanpaolo said on
Monday it was not aware of any probe by Italian or European
authorities over its potential role in helping funding the
acquisition of a 19.5 percent stake in Russian energy giant
Rosneft.
Read more
Monday it was not aware of any probe by Italian or European
authorities over its potential role in helping funding the
acquisition of a 19.5 percent stake in Russian energy giant
Rosneft.
Read more
Guinea says detention of Steinmetz linked to its corruption probe
CONAKRY, Dec 19 (Reuters) - Israel's brief detention of
billionaire businessman Beny Steinmetz on Monday over
allegations of bribery is linked to a Guinean corruption
investigation started in 2011, Guinea's government said.
Read more
billionaire businessman Beny Steinmetz on Monday over
allegations of bribery is linked to a Guinean corruption
investigation started in 2011, Guinea's government said.
Read more
UPDATE 1-Mistry quits Tata group director roles but vows to fight on
MUMBAI, Dec 19 (Reuters) - Former Tata Sons
chairman Cyrus Mistry bowed to pressure to quit from the boards
of all Tata group companies on Monday, but promised to fight to
improve the $100 billion salt-to-software conglomerate's
governance.
Read more
chairman Cyrus Mistry bowed to pressure to quit from the boards
of all Tata group companies on Monday, but promised to fight to
improve the $100 billion salt-to-software conglomerate's
governance.
Read more
Sri Lankan shares fall for 5th session; deal reversal order weighs
COLOMBO, Dec 19 (Reuters) - Sri Lankan shares fell for a
fifth straight session on Monday to close at their lowest in
nearly three weeks, led by large caps, as an order to reverse a
share transaction weighed on sentiment despite foreign inflows.
Read more
fifth straight session on Monday to close at their lowest in
nearly three weeks, led by large caps, as an order to reverse a
share transaction weighed on sentiment despite foreign inflows.
Read more
RPT-COLUMN-Gold outlook is hostage to uncertain Trump and India: Russell
LAUNCESTON, Australia, Dec 19 (Reuters) - It was supposed to
be a good year for gold, given all the uncertainty and surprises
over the U.S. presidential election, the British vote to leave
the European Union and general concern about the health of the
global economy.
Read more
be a good year for gold, given all the uncertainty and surprises
over the U.S. presidential election, the British vote to leave
the European Union and general concern about the health of the
global economy.
Read more
UPDATE 1-Israel detains billionaire Steinmetz over Guinea mining
LONDON, Dec 19 (Reuters) - Billionaire businessman Beny
Steinmetz has been detained by Israeli police for questioning in
relation to allegations of bribery and corruption in Africa,
mining company BSG Resources (BSGR) said on Monday.
Read more
Steinmetz has been detained by Israeli police for questioning in
relation to allegations of bribery and corruption in Africa,
mining company BSG Resources (BSGR) said on Monday.
Read more
Trump's infrastructure splurge would collide with U.S. skilled labor crunch
WASHINGTON, Dec 19 (Reuters) - President-elect Donald
Trump's drive to rebuild U.S. roads, bridges, ports and other
public works projects with a $1 trillion infrastructure
investment plan would come as the country faces a shortage of
skilled laborers.
Read more
Trump's drive to rebuild U.S. roads, bridges, ports and other
public works projects with a $1 trillion infrastructure
investment plan would come as the country faces a shortage of
skilled laborers.
Read more
Nordic power firms set to apply for Norway-UK subsea link
OSLO, Dec 19 (Reuters) - NorthConnect, owned by three
Norwegian power firms and Sweden's Vattenfall, will
seek permission to build a power link from Norway to Britain
costing up to 2 billion euros ($2.09 billion), its chairman Odd
Oeygarden told Reuters.
Read more
Norwegian power firms and Sweden's Vattenfall, will
seek permission to build a power link from Norway to Britain
costing up to 2 billion euros ($2.09 billion), its chairman Odd
Oeygarden told Reuters.
Read more
Israeli police detain prominent businessman on suspicion of bribery
TEL AVIV, Dec 19 (Reuters) - Israeli police detained a
prominent Israeli businessman on Monday on suspicion of bribing
public officials in Guinea, a country with vast mineral deposits
and mining operations, to promote his business interests there.
Read more
prominent Israeli businessman on Monday on suspicion of bribing
public officials in Guinea, a country with vast mineral deposits
and mining operations, to promote his business interests there.
Read more
Sunday, December 18, 2016
Indonesia draft rule could ease export ban on nickel, bauxite -paper
JAKARTA, Dec 19 (Reuters) - Indonesia's government is
drafting a regulation that could ease a looming export ban for
not only copper concentrates, but also partly processed or raw
nickel and bauxite, the Jakarta Post reported, citing a draft
regulation.
Read more
drafting a regulation that could ease a looming export ban for
not only copper concentrates, but also partly processed or raw
nickel and bauxite, the Jakarta Post reported, citing a draft
regulation.
Read more
Militiamen attack prison in east Congo, sparking gun battle
KINSHASA, Dec 19 (Reuters) - Militiamen in the eastern Congo
city of Butembo attacked a prison on Monday, local residents
said, sparking a gun battle with security forces amid heightened
tensions on the last day of President Joseph Kabila's mandate.
Read more
city of Butembo attacked a prison on Monday, local residents
said, sparking a gun battle with security forces amid heightened
tensions on the last day of President Joseph Kabila's mandate.
Read more
Tokyo Steel raises January product prices by 5-9 pct on overseas rally
TOKYO, Dec 19 (Reuters) - Tokyo Steel Manufacturing Co Ltd
said on Monday it would raise the prices of its
products for a second month in a row, reflecting higher
international steel prices and rising raw materials prices.
Read more
said on Monday it would raise the prices of its
products for a second month in a row, reflecting higher
international steel prices and rising raw materials prices.
Read more
COLUMN-Gold outlook is hostage to uncertain Trump and India: Russell
LAUNCESTON, Australia, Dec 19 (Reuters) - It was supposed to
be a good year for gold, given all the uncertainty and surprises
over the U.S. presidential election, the British vote to leave
the European Union and general concern about the health of the
global economy.
Read more
be a good year for gold, given all the uncertainty and surprises
over the U.S. presidential election, the British vote to leave
the European Union and general concern about the health of the
global economy.
Read more
Samsung Elec likely to procure phone batteries from LG Chem - Chosun Ilbo
SEOUL, Dec 19 (Reuters) - Samsung Electronics Co Ltd
is in talks with LG Chem Ltd to make it
one of its smartphone battery suppliers, the Chosun Ilbo
newspaper said on Monday - a move that would diversify its
supplier base after the failure of its Galaxy Note 7.
Read more
is in talks with LG Chem Ltd to make it
one of its smartphone battery suppliers, the Chosun Ilbo
newspaper said on Monday - a move that would diversify its
supplier base after the failure of its Galaxy Note 7.
Read more
AMC Entertainment, Equity Commonwealth are stocks to watch: Barron's
Dec 18 (Reuters) - Stocks slated to deliver large gains in
2017 range from movie-theater chain AMC Entertainment Holdings
Inc to two companies with ties to billionaire Sam Zell -
Equity Commonwealth and Real Industry Inc,
Barron's said in a report.
Read more
2017 range from movie-theater chain AMC Entertainment Holdings
Inc to two companies with ties to billionaire Sam Zell -
Equity Commonwealth and Real Industry Inc,
Barron's said in a report.
Read more
Congo's Kabila faces test on streets as his term expires
KINSHASA, Dec 19 (Reuters) - Congolese President Joseph
Kabila's final term in office expires on Monday, with no
election to choose a successor and amid a surge in popular anger
over what opponents say is an attempt to cling to power in
defiance of the constitution.
Read more
Kabila's final term in office expires on Monday, with no
election to choose a successor and amid a surge in popular anger
over what opponents say is an attempt to cling to power in
defiance of the constitution.
Read more
RPT-High-flying Freeport CEO steers towards new Indonesia mining deal
JAKARTA, Dec 16 (Reuters) - Chappy Hakim, a retired air
force chief who says he knows next to nothing about mining, now
heads Indonesia's biggest copper producer, entrusted to use his
connections to guide it through regulatory uncertainty to a
renewed contract for its mine.
Read more
force chief who says he knows next to nothing about mining, now
heads Indonesia's biggest copper producer, entrusted to use his
connections to guide it through regulatory uncertainty to a
renewed contract for its mine.
Read more
Nissan, Renault, Mitsubishi to share electric car platform -Nikkei
TOKYO, Dec 18 (Reuters) - Nissan Motor Co, Renault
SA and Mitsubishi Motors Corp will combine
their electric vehicle platforms in an effort to slash prices
down to levels comparable to conventional gasoline cars, the
Nikkei newspaper said.
Read more
SA and Mitsubishi Motors Corp will combine
their electric vehicle platforms in an effort to slash prices
down to levels comparable to conventional gasoline cars, the
Nikkei newspaper said.
Read more
Saturday, December 17, 2016
RPT-Actor DiCaprio says climate action is U.S.'s 'biggest economic opportunity'
NEW YORK, Dec 17 (Thomson Reuters Foundation) - Tackling
climate change is the "biggest economic opportunity" in the
history of the United States, no matter who holds political
office, said Hollywood star and environmental activist Leonardo
DiCaprio.
Read more
climate change is the "biggest economic opportunity" in the
history of the United States, no matter who holds political
office, said Hollywood star and environmental activist Leonardo
DiCaprio.
Read more
Actor DiCaprio says climate action is U.S.'s 'biggest economic opportunity'
NEW YORK, Dec 17 (Thomson Reuters Foundation) - Tackling
climate change is the "biggest economic opportunity" in the
history of the United States, no matter who holds political
office, said Hollywood star and environmental activist Leonardo
DiCaprio.
Read more
climate change is the "biggest economic opportunity" in the
history of the United States, no matter who holds political
office, said Hollywood star and environmental activist Leonardo
DiCaprio.
Read more
Under pollution alert, Beijing orders 1,200 factories to shut or cut output
BEIJING, Dec 17 (Reuters) - Beijing's city government has
ordered 1,200 factories near the Chinese capital, including an
oil refinery run by state oil major Sinopec and a Cofco food
plant, to either shut or cut output following its highest
possible air pollution warning.
Read more
ordered 1,200 factories near the Chinese capital, including an
oil refinery run by state oil major Sinopec and a Cofco food
plant, to either shut or cut output following its highest
possible air pollution warning.
Read more
Friday, December 16, 2016
UPDATE 1-China to review film limits as box office growth slows
* Execs still see huge potential, want more access
(Adds details on previous agreement, possible outcomes
paragraphs 15-18)
Read more
(Adds details on previous agreement, possible outcomes
paragraphs 15-18)
Read more
UPDATE 1-Wage deal reached at Chile Codelco's Chuquicamata mine
SANTIAGO, Dec 16 (Reuters) - Workers at Chilean state-owned
Codelco's massive Chuquicamata copper mine accepted on Friday an
early wage deal, putting to rest what some industry insiders had
feared could be prolonged, tense talks and even the threat of a
strike.
Read more
Codelco's massive Chuquicamata copper mine accepted on Friday an
early wage deal, putting to rest what some industry insiders had
feared could be prolonged, tense talks and even the threat of a
strike.
Read more
UPDATE 1-New Cuba reform allows farmers to hire workers directly
HAVANA, Dec 16 (Reuters) - Cuban farmers may now hire
laborers directly rather than through cooperatives, the
government said on Friday, marking a modest advance to loosen
controls in its Soviet-style economy.
Read more
laborers directly rather than through cooperatives, the
government said on Friday, marking a modest advance to loosen
controls in its Soviet-style economy.
Read more
UPDATE 1-Praxair, Linde close to finalizing merger terms -sources
Dec 16 (Reuters) - Praxair Inc and Linde AG
, the industrial gas companies that agreed earlier this
month to revive merger talks, are close to finalizing the terms
of the potential deal, people familiar with the matter said on
Friday.
Read more
, the industrial gas companies that agreed earlier this
month to revive merger talks, are close to finalizing the terms
of the potential deal, people familiar with the matter said on
Friday.
Read more
UPDATE 1-Antofagasta's Twin Metals unit mining leases not renewed
* Analysts say any impact very long term
(Adds U.S. government comment, updates share reaction)
Read more
(Adds U.S. government comment, updates share reaction)
Read more
Britain's FTSE posts 2nd week of gains, oil lends support
* Micro Focus falls after downgrade
(Recasts, adds quote and detail, updates prices at close)
Read more
(Recasts, adds quote and detail, updates prices at close)
Read more
New Cuban reform allows farmers to hire workers directly
HAVANA, Dec 16 (Reuters) - Cuban farmers may now hire
laborers directly rather than through cooperatives, the
government said on Friday, marking a modest advance to loosen
controls in its Soviet-style economy.
Read more
laborers directly rather than through cooperatives, the
government said on Friday, marking a modest advance to loosen
controls in its Soviet-style economy.
Read more
CORRECTED-RPT-China box office falters ahead of key Hollywood talks
LOS ANGELES/SHANGHAI, Dec 16 (Reuters) - China's box office
is set for its smallest growth in a decade in 2016 with viewers
spending less as the economy slows, clouding the outlook at a
time when Hollywood is pushing for a higher number of foreign
films to be screened in Chinese theatres.
Read more
is set for its smallest growth in a decade in 2016 with viewers
spending less as the economy slows, clouding the outlook at a
time when Hollywood is pushing for a higher number of foreign
films to be screened in Chinese theatres.
Read more
Airbus A330neo 6 weeks behind schedule -source
PARIS, Dec 16 (Reuters) - Plans by Airbus to
upgrade its best-selling wide-body jet, the A330, have slipped
six weeks behind schedule due to "marginal" development delays
at engine maker Rolls-Royce, a source familiar with the
matter said on Friday.
Read more
upgrade its best-selling wide-body jet, the A330, have slipped
six weeks behind schedule due to "marginal" development delays
at engine maker Rolls-Royce, a source familiar with the
matter said on Friday.
Read more
CORRECTED-China box office falters ahead of key Hollywood talks
LOS ANGELES/SHANGHAI, Dec 16 (Reuters) - China's box office
is set for its smallest growth in a decade in 2016 with viewers
spending less as the economy slows, clouding the outlook at a
time when Hollywood is pushing for a higher number of foreign
films to be screened in Chinese theatres.
Read more
is set for its smallest growth in a decade in 2016 with viewers
spending less as the economy slows, clouding the outlook at a
time when Hollywood is pushing for a higher number of foreign
films to be screened in Chinese theatres.
Read more
Sri Lankan shares hit more than 2-wk closing low led by banks
COLOMBO, Dec 16 (Reuters) - Sri Lankan shares fell for a
third straight session on Friday to close at their lowest in
more than two weeks, as a dollar rally to a 14-year peak after
an interest rate increase by the U.S. Federal Reserve earlier
this week kept investors subdued.
Read more
third straight session on Friday to close at their lowest in
more than two weeks, as a dollar rally to a 14-year peak after
an interest rate increase by the U.S. Federal Reserve earlier
this week kept investors subdued.
Read more
China's Wanxiang gets approval to produce Karma electric cars
BEIJING, Dec 16 (Reuters) - Wanxiang Group, a major Chinese
auto parts supplier which almost three years ago bought the
assets of defunct California-based plug-in hybrid carmaker
Fisker Automotive, has received approval from local regulators
to produce electric vehicles in China.
Read more
auto parts supplier which almost three years ago bought the
assets of defunct California-based plug-in hybrid carmaker
Fisker Automotive, has received approval from local regulators
to produce electric vehicles in China.
Read more
China to push forward supply-side reform in 2017 - Xinhua
BEIJING, Dec 16 (Reuters) - China will push forward
supply-side reform and appropriately expand aggregate demand in
2017, Chinese leaders said at an economic conference on Friday,
as reported by the official Xinhua news agency.
Read more
supply-side reform and appropriately expand aggregate demand in
2017, Chinese leaders said at an economic conference on Friday,
as reported by the official Xinhua news agency.
Read more
CORRECTED-Some China steelmakers to cut output in wake of smog alerts
BEIJING, Dec 16 (Reuters) - Steelmakers in China's top
province for producing the construction material are being
forced to crimp output after the local government said they had
to reduce emissions in the wake of a series of pollution alerts.
Read more
province for producing the construction material are being
forced to crimp output after the local government said they had
to reduce emissions in the wake of a series of pollution alerts.
Read more
Thursday, December 15, 2016
China bars banks from funding coal, steel "zombie firms"
BEIJING, Dec 16 (Reuters) - China's banking regulator said
on Friday that banks must strictly control credit to coal and
steel firms that are violating capacity cuts, the latest in a
series of regulations aimed at reducing loans to industries
struggling with over-capacity.
Read more
on Friday that banks must strictly control credit to coal and
steel firms that are violating capacity cuts, the latest in a
series of regulations aimed at reducing loans to industries
struggling with over-capacity.
Read more
UPDATE 1-Ecuador sends troops to Chinese copper exploration project after protest
QUITO, Dec 15 (Reuters) - Ecuador sent soldiers and police
on Thursday to an isolated jungle area after a policeman was
killed and several security officials injured in a violent
protest against a Chinese copper exploration project amid
conflicts between mining companies and indigenous communities.
Read more
on Thursday to an isolated jungle area after a policeman was
killed and several security officials injured in a violent
protest against a Chinese copper exploration project amid
conflicts between mining companies and indigenous communities.
Read more
Ecuador sends troops to Chinese copper exploration project after protest
QUITO, Dec 15 (Reuters) - Ecuador on Thursday dispatched
soldiers and police officers to an isolated jungle area after a
violent protest against a Chinese copper exploration project
left one policeman dead and several other security officials
injured amid conflicts between mining companies and indigenous
communities.
Read more
soldiers and police officers to an isolated jungle area after a
violent protest against a Chinese copper exploration project
left one policeman dead and several other security officials
injured amid conflicts between mining companies and indigenous
communities.
Read more
UPDATE 3-Brazil prosecutors hit ex-president Lula with more corruption charges
SAO PAULO, Dec 15 (Reuters) - Prosecutors on Thursday
charged former Brazilian President Luiz Inacio Lula da Silva,
his wife and a former finance minister with more corruption
charges in the investigation of graft at state-run oil company
Petrobras.
Read more
charged former Brazilian President Luiz Inacio Lula da Silva,
his wife and a former finance minister with more corruption
charges in the investigation of graft at state-run oil company
Petrobras.
Read more
UPDATE 1-SQM controller abandons stake sale as offers fall short
SANTIAGO, Dec 15 (Reuters) - The sale of an indirect stake
in Chile's SQM, one of the world's biggest producers of lithium
and iodine, has ended without a successful buyer, after the
owner of the stake said offers fell short.
Read more
in Chile's SQM, one of the world's biggest producers of lithium
and iodine, has ended without a successful buyer, after the
owner of the stake said offers fell short.
Read more
Oro Blanco indirect stake sale in Chile's SQM fails, shares plummet
SANTIAGO, Dec 15 (Reuters) - Chilean holding company Oro
Blanco said on Thursday it had decided not to go ahead
with the sale of an indirect stake in lithium and fertilizer
firm SQM after no suitable offers
were received.
Read more
Blanco said on Thursday it had decided not to go ahead
with the sale of an indirect stake in lithium and fertilizer
firm SQM after no suitable offers
were received.
Read more
Chinese firm begins testing GMO corn seeds in U.S. greenhouse
CHICAGO, Dec 15 (Reuters) - A Chinese biotech seed firm has
planted genetically modified corn seeds in the United States at
a greenhouse designated by the U.S. Department of Agriculture,
the company said, an early step toward launching China's first
GMO corn products in the United States.
Read more
planted genetically modified corn seeds in the United States at
a greenhouse designated by the U.S. Department of Agriculture,
the company said, an early step toward launching China's first
GMO corn products in the United States.
Read more
UPDATE 1-Corpus Christi halts tap water use due to chemical leak
AUSTIN, Texas, Dec 15 (Reuters) - The Texas city of Corpus
Christi has told its nearly 320,000 residents to stop using tap
water due to possible contamination from an industrial chemical
leak, city officials said on Thursday.
Read more
Christi has told its nearly 320,000 residents to stop using tap
water due to possible contamination from an industrial chemical
leak, city officials said on Thursday.
Read more
DuPont in $50 mln settlement over Virginia mercury pollution -Justice Dept
WASHINGTON, Dec 15 (Reuters) - Chemical company EI Du Pont
de Nemours and Co has agreed to pay about $50 million to
resolve claims stemming from the release of mercury from its
former facility in Waynesboro, Virginia, the U.S. Justice
Department said on Thursday.
Read more
de Nemours and Co has agreed to pay about $50 million to
resolve claims stemming from the release of mercury from its
former facility in Waynesboro, Virginia, the U.S. Justice
Department said on Thursday.
Read more
CANADA STOCKS-TSX rises as banks gain; gold miners weigh
TORONTO, Dec 15 (Reuters) - Canada's main stock index rose
on Thursday, helped by broad gains for financial stocks a day
after the U.S. Federal Reserve hiked interest rates and struck a
hawkish note on further increases, a move which weighed on
Canadian gold miners.
Read more
on Thursday, helped by broad gains for financial stocks a day
after the U.S. Federal Reserve hiked interest rates and struck a
hawkish note on further increases, a move which weighed on
Canadian gold miners.
Read more
Corpus Christi, Texas tells residents to stop using tap water
AUSTIN, Texas, Dec 15 (Reuters) - The Texas city of Corpus
Christi has told its nearly 320,000 residents to stop using tap
water due to possible contamination from an industrial chemical
leak, city officials said on Thursday.
Read more
Christi has told its nearly 320,000 residents to stop using tap
water due to possible contamination from an industrial chemical
leak, city officials said on Thursday.
Read more
Hesteel to spend $120 mln in 2017 on Serbian steel plant upgrade
SMEDEREVO, Serbia, Dec 15 (Reuters) - China's Hesteel
plans to invest $120 million in 2017 to upgrade
Serbian steel mill Zelezara Smederevo, which it bought from the
Serbian government this year in the first major Chinese
acquisition of a Serbian company.
Read more
plans to invest $120 million in 2017 to upgrade
Serbian steel mill Zelezara Smederevo, which it bought from the
Serbian government this year in the first major Chinese
acquisition of a Serbian company.
Read more
EXPERT VIEWS-What impact will Brazil's plan to allow foreign ownership of land have?
RIO DE JANEIRO, Dec 15 (Thomson Reuters Foundation) -
B razil's plan to allow foreigners to buy large tracts of
farmland to spur growth in South America's biggest country is
being closely monitored by foreign investors, such as pension
funds looking for stable, long-term returns, experts say.
Read more
B razil's plan to allow foreigners to buy large tracts of
farmland to spur growth in South America's biggest country is
being closely monitored by foreign investors, such as pension
funds looking for stable, long-term returns, experts say.
Read more
Indonesia mining export rule changes needs law revision
JAKARTA, Dec 15 (Reuters) - Indonesia needs to revise its
mining law to ease a ban on mineral ore exports and is unlikely
to meet a deadline of early next year for the change, senior
politicians warned on Thursday.
Read more
mining law to ease a ban on mineral ore exports and is unlikely
to meet a deadline of early next year for the change, senior
politicians warned on Thursday.
Read more
Landowners receive billions in subsidies to protect watersheds - study
RIO DE JANEIRO, Dec 15 (Thomson Reuters Foundation) -
G overnments are offering more incentives to landowners who
protect their watersheds to improve conservation, but must
expand these efforts in order to provide reliable water supplies
to growing populations, researchers said on Thursday.
Read more
G overnments are offering more incentives to landowners who
protect their watersheds to improve conservation, but must
expand these efforts in order to provide reliable water supplies
to growing populations, researchers said on Thursday.
Read more
Silver miner Hochschild says production halted at mine in Peru
Dec 15 (Reuters) - Silver miner Hochschild Mining Plc
said production at its Pallancata silver mine in Peru
had been temporarily suspended, as members of a local community
blocked a road and demanded renegotiation of agreements for land
easements.
Read more
said production at its Pallancata silver mine in Peru
had been temporarily suspended, as members of a local community
blocked a road and demanded renegotiation of agreements for land
easements.
Read more
Hong Kong faces new rules on illegal timber flooding China
HONG KONG, Dec 15 (Reuters) - Campaigners say new global
rules to protect endangered tree species will be a test for Hong
Kong, already grappling to deal with its role as a conduit for
illegal timber flooding into China to meet demand for fancy
furniture.
Read more
rules to protect endangered tree species will be a test for Hong
Kong, already grappling to deal with its role as a conduit for
illegal timber flooding into China to meet demand for fancy
furniture.
Read more
Wednesday, December 14, 2016
GE to sell $3 bln industrial solutions business
Dec 14 (Reuters) - General Electric Co said on
Wednesday it would sell its $3 billion industrial solutions
business, which makes electrical equipment, as part of a push to
focus on its core businesses.
Read more
Wednesday it would sell its $3 billion industrial solutions
business, which makes electrical equipment, as part of a push to
focus on its core businesses.
Read more
Brazil's Braskem to pay 3.1 bln reais in leniency deal for corruption case
SAO PAULO, Dec 14 (Reuters) - Brazil's Braskem SA
, the largest petrochemical producer in Latin America,
signed a leniency deal on Wednesday with Brazilian prosecutors
leading a sweeping corruption probe into political kickbacks at
state-run oil company Petrobras, the company said in
a securities filing.
Read more
, the largest petrochemical producer in Latin America,
signed a leniency deal on Wednesday with Brazilian prosecutors
leading a sweeping corruption probe into political kickbacks at
state-run oil company Petrobras, the company said in
a securities filing.
Read more
U.S. senators seek to protect banking for pot business vendors
WASHINGTON, Dec 14 (Reuters) - The U.S. government should
keep banks from cutting off the accounts of vendors who work
with state-sanctioned marijuana businesses, 10 U.S. senators
said in a letter to the Treasury on Wednesday.
Read more
keep banks from cutting off the accounts of vendors who work
with state-sanctioned marijuana businesses, 10 U.S. senators
said in a letter to the Treasury on Wednesday.
Read more
Mali's gold miners could rival industrial producers
BAMAKO, Dec 14 (Reuters) - The amount of gold dug up by
people working informally in Mali could soon rival official
production thanks to demand from domestic refineries, officials
in the West African nation say.
Read more
people working informally in Mali could soon rival official
production thanks to demand from domestic refineries, officials
in the West African nation say.
Read more
Greek industrial group Mytilineos to simplify structure to cut costs
ATHENS, Dec 14 (Reuters) - Greek industrial group Mytilineos
will incorporate its power plant construction,
aluminium and electricity production units into the main group,
aiming to simplify its structure and achieve cost savings, it
said on Wednesday.
Read more
will incorporate its power plant construction,
aluminium and electricity production units into the main group,
aiming to simplify its structure and achieve cost savings, it
said on Wednesday.
Read more
UPDATE 1-G20 task force wants companies to come clean on climate risk
* Disclosure could help make markets more efficient
(Updates with sectors most at risk, new Carney comment)
Read more
(Updates with sectors most at risk, new Carney comment)
Read more
French construction sector's recovery seen accelerating in 2017
PARIS, Dec 14 (Reuters) - A rebound in the French
construction sector will accelerate next year, provided
government measures supporting the sector are not scrapped after
the 2017 presidential election, the head of the French building
federation (FFB) said on Wednesday.
Read more
construction sector will accelerate next year, provided
government measures supporting the sector are not scrapped after
the 2017 presidential election, the head of the French building
federation (FFB) said on Wednesday.
Read more
FDA denies Swedish Match request to remove warnings
Dec 14 (Reuters) - The U.S. Food and Drug Administration
said on Wednesday it denied Swedish Match AB's request
to remove a currently required warning stating that its eight
smokeless tobacco products can cause gum disease and tooth loss.
Read more
said on Wednesday it denied Swedish Match AB's request
to remove a currently required warning stating that its eight
smokeless tobacco products can cause gum disease and tooth loss.
Read more
Liberty House aims to boost UK steel output to 5 mln tonnes in 5 years
DUBAI/LONDON, Dec 14 (Reuters) - Liberty House, the
commodities and industrials group which has been buying up
assets in the British steel sector, plans to ramp up its UK
steel output to 5 million tonnes in five years, its executive
chairman told Reuters.
Read more
commodities and industrials group which has been buying up
assets in the British steel sector, plans to ramp up its UK
steel output to 5 million tonnes in five years, its executive
chairman told Reuters.
Read more
RPT-COLUMN-China coal output trend points to lower seaborne prices: Russell
LAUNCESTON, Australia, Dec 14 (Reuters) - When it comes to
China's coal production, is it more important that output in
November recorded yet another decline year-on-year, or that it
rose for a second straight month?
Read more
China's coal production, is it more important that output in
November recorded yet another decline year-on-year, or that it
rose for a second straight month?
Read more
UPDATE 2-Asahi Glass to buy 59 percent stake in Vinythai from Solvay
TOKYO, Dec 14 (Reuters) - Japan's biggest glass maker, Asahi
Glass, said on Wednesday it will buy a controlling 59
percent stake in Thai plastics company Vinythai from
Belgium chemical firm Solvay SA.
Read more
Glass, said on Wednesday it will buy a controlling 59
percent stake in Thai plastics company Vinythai from
Belgium chemical firm Solvay SA.
Read more
Sri Lankan shares hit 2-wk closing low; blue chips weigh
COLOMBO, Dec 14 (Reuters) - Sri Lankan shares closed at
their lowest in two weeks on Wednesday as foreign investor
outflows and losses in blue chips led by market heavyweight John
Keells Holdings Plc weighed on sentiment.
Read more
their lowest in two weeks on Wednesday as foreign investor
outflows and losses in blue chips led by market heavyweight John
Keells Holdings Plc weighed on sentiment.
Read more
Tuesday, December 13, 2016
UPDATE 2-Ex-Guinea mines minister accused by U.S. of laundering bribes
NEW YORK, Dec 13 (Reuters) - A former minister of mines in
Guinea was arrested on Tuesday on U.S. charges that he laundered
bribe payments he had accepted to help award a Chinese
conglomerate valuable rights, including near control of the West
African country's mining sector.
Read more
Guinea was arrested on Tuesday on U.S. charges that he laundered
bribe payments he had accepted to help award a Chinese
conglomerate valuable rights, including near control of the West
African country's mining sector.
Read more
COLUMN-China coal output trend points to lower seaborne prices: Russell
LAUNCESTON, Australia, Dec 14 (Reuters) - When it comes to
China's coal production, is it more important that output in
November recorded yet another decline year-on-year, or that it
rose for a second straight month?
Read more
China's coal production, is it more important that output in
November recorded yet another decline year-on-year, or that it
rose for a second straight month?
Read more
RPT-COLUMN-Goldman Sachs flips from copper super-bear to super-bull: Andy Home
LONDON, Dec 13 (Reuters) - Wall Street heavyweight Goldman
Sachs has been banging the bear drum on the copper price
since the middle of last year.
Read more
Sachs has been banging the bear drum on the copper price
since the middle of last year.
Read more
UPDATE 1-Slack data management exposed BP to high safety risk -leaked report
* 2015 internal report says 'highly material safety risks'
remain
(Adds details in paragraph 5)
Read more
remain
(Adds details in paragraph 5)
Read more
Monsanto shareholders back Bayer deal, CEO hopeful of U.S. approval
CHICAGO, Dec 13 (Reuters) - Shareholders of U.S. seeds and
agrochemicals company Monsanto Co approved the company's
$66 billion acquisition by Bayer AG on Tuesday, a
deal that still requires regulatory approval to close as
expected in late 2017.
Read more
agrochemicals company Monsanto Co approved the company's
$66 billion acquisition by Bayer AG on Tuesday, a
deal that still requires regulatory approval to close as
expected in late 2017.
Read more
Nyrstar replaces chief executive after less than two years
BRUSSELS, Dec 13 (Reuters) - Zinc producer Nyrstar
said on Tuesday its chief executive, who steered the company
away from a venture into mining, has stepped down with immediate
effect after less than two years in the top job.
Read more
said on Tuesday its chief executive, who steered the company
away from a venture into mining, has stepped down with immediate
effect after less than two years in the top job.
Read more
COLUMN-Goldman Sachs flips from copper super-bear to super-bull: Andy Home
LONDON, Dec 13 (Reuters) - Wall Street heavyweight Goldman
Sachs has been banging the bear drum on the copper price
since the middle of last year.
Read more
Sachs has been banging the bear drum on the copper price
since the middle of last year.
Read more
UPDATE 1-China's Sinopec weighs takeover of Gulf Keystone - Bbg
Dec 13 (Reuters) - China's Sinopec Corp
is weighing a takeover of Gulf Keystone Petroleum
, an oil company operating in the Kurdistan region of
Iraq, Bloomberg reported on Tuesday.
Read more
is weighing a takeover of Gulf Keystone Petroleum
, an oil company operating in the Kurdistan region of
Iraq, Bloomberg reported on Tuesday.
Read more
China's Sinopec weighs takeover of Gulf Keystone - Bbg
Dec 13 (Reuters) - China's Sinopec Corp
is weighing a takeover of Gulf Keystone Petroleum
, an oil company focused on Iraqi Kurdistan, Bloomberg
reported on Tuesday.
Read more
is weighing a takeover of Gulf Keystone Petroleum
, an oil company focused on Iraqi Kurdistan, Bloomberg
reported on Tuesday.
Read more
UPDATE 1-De Beers diamond sales tempered by India's cash crackdown
* Sales still higher than a year ago
(Adds detail, background, Gemfields emerald sale delayed)
Read more
(Adds detail, background, Gemfields emerald sale delayed)
Read more
India's crackdown on cash tempers De Beers diamond sales
LONDON, Dec 13 (Reuters) - Anglo American said on
Tuesday demand at its latest De Beers diamond sale showed a
slowdown in response to India's withdrawal of high-value
banknotes, but was still higher than a year ago when commodity
trade was slumping.
Read more
Tuesday demand at its latest De Beers diamond sale showed a
slowdown in response to India's withdrawal of high-value
banknotes, but was still higher than a year ago when commodity
trade was slumping.
Read more
Compagnie des Alpes annual profits rise, keeps sights on China
PARIS, Dec 13 (Reuters) - French ski resorts operator
Compagnie des Alpes posted higher annual profits and
said it needed powerful partners to accelerate its expansion
abroad, notably in China.
Read more
Compagnie des Alpes posted higher annual profits and
said it needed powerful partners to accelerate its expansion
abroad, notably in China.
Read more
Monday, December 12, 2016
WRAPUP 1-China Nov retail sales strong but slowing property a key risk for 2017
BEIJING, Dec 13 (Reuters) - China posted its strongest
retail sales growth of the year in November, while surging steel
production lifted factory output, but private investment began
to slow again, leaving the economy more reliant on state
spending and mounting debt.
Read more
retail sales growth of the year in November, while surging steel
production lifted factory output, but private investment began
to slow again, leaving the economy more reliant on state
spending and mounting debt.
Read more
India's landmark forest rights law hobbled by conflicting policies - report
MUMBAI, Dec 13 (Thomson Reuters Foundation) - A landmark
Indian forest rights law passed 10 years ago with the aim of
protecting indigenous people has been crippled by conflicting
legislation, and a lack of political will and funds to ensure
its implementation, according to a report.
Read more
Indian forest rights law passed 10 years ago with the aim of
protecting indigenous people has been crippled by conflicting
legislation, and a lack of political will and funds to ensure
its implementation, according to a report.
Read more
UPDATE 1-China Nov coal output falls again as miners struggle to ramp up
BEIJING, Dec 13 (Reuters) - China's coal output fell
unexpectedly last month, data showed on Tuesday, the strongest
sign yet that miners are struggling to comply with government
orders to crank out more supplies for the power sector to avert
a winter energy crisis.
Read more
unexpectedly last month, data showed on Tuesday, the strongest
sign yet that miners are struggling to comply with government
orders to crank out more supplies for the power sector to avert
a winter energy crisis.
Read more
CANADA STOCKS-TSX's energy gain loses steam, index ends lower
TORONTO, Dec 12 (Reuters) - Canada's main stock index ended
slightly lower on Monday, breaking a six-day rally, as railway
stocks weighed and an early jump in energy stocks lost steam.
Read more
slightly lower on Monday, breaking a six-day rally, as railway
stocks weighed and an early jump in energy stocks lost steam.
Read more
UPDATE 1-Regulator approves expansion of Antofagasta's Centinela mine in Chile
SANTIAGO, Dec 12 (Reuters) - Antofagasta Minerals
said on Monday that environmental regulators approved a proposed
expansion of its Centinela mine in northern Chile, opening the
door for a $4.35 billion investment by the Chilean copper mining
company.
Read more
said on Monday that environmental regulators approved a proposed
expansion of its Centinela mine in northern Chile, opening the
door for a $4.35 billion investment by the Chilean copper mining
company.
Read more
Rio Tinto to defend itself if BSGR pursues action over Guinea
LONDON, Dec 12 (Reuters) - Rio Tinto said
on Monday it would defend itself robustly if rival miner BSG
Resources (BSGR) pursues a threat to file a law suit over mining
rights in Guinea.
Read more
on Monday it would defend itself robustly if rival miner BSG
Resources (BSGR) pursues a threat to file a law suit over mining
rights in Guinea.
Read more
Stine Seed gives U.S. soy farmers a rare chance to replant GMO seeds
Dec 12 (Reuters) - Major producers of genetically modified
seeds, including Monsanto Co and Bayer AG,
have long barred U.S. farmers from saving seeds after harvest to
replant - a condition that allows the companies to charge every
year for the technology.
Read more
seeds, including Monsanto Co and Bayer AG,
have long barred U.S. farmers from saving seeds after harvest to
replant - a condition that allows the companies to charge every
year for the technology.
Read more
India's top gold import bank suspends bullion dealers accounts
MUMBAI, Dec 12 (Reuters) - Axis Bank Ltd, India's
top importer of gold, has suspended the bank accounts of some
bullion dealers and jewellers after two of its executives at a
branch were arrested over alleged money laundering.
Read more
top importer of gold, has suspended the bank accounts of some
bullion dealers and jewellers after two of its executives at a
branch were arrested over alleged money laundering.
Read more
New CEO at Australia's Murray Goulburn seeks to regain farmer trust
SYDNEY, Dec 12 (Reuters) - The new chief executive of
Australia's largest dairy processor Murray Goulburn
said on Monday his first priority will be to restore the trust
of the cooperative's farmers angered by a late cut to milk
prices.
Read more
Australia's largest dairy processor Murray Goulburn
said on Monday his first priority will be to restore the trust
of the cooperative's farmers angered by a late cut to milk
prices.
Read more
Sunday, December 11, 2016
RPT-COLUMN-Crunch time coming for Philippines nickel ore exports: Andy Home
LONDON, Dec 9 (Reuters) - Crunch time is coming for the flow
of nickel ore from the Philippines to China.
Read more
of nickel ore from the Philippines to China.
Read more
Headed home: workers abandon Indian building sites after cash crackdown
GURUGRAM, India, Dec 12 (Reuters) - Hundreds of thousands of
Indian construction workers have returned home since Prime
Minister Narendra Modi abolished high-denomination banknotes,
leaving some building sites across the country facing costly
delays.
Read more
Indian construction workers have returned home since Prime
Minister Narendra Modi abolished high-denomination banknotes,
leaving some building sites across the country facing costly
delays.
Read more
UPDATE 1-Tata Sons renews appeal for removal of Mistry from group companies
MUMBAI, Dec 11 (Reuters) - Tata Sons on Sunday renewed its
appeal to shareholders of Tata group companies to remove Cyrus
Mistry from their boards, saying that his presence as chairman
"is likely to lead to fragmentation of the Tata Group".
Read more
appeal to shareholders of Tata group companies to remove Cyrus
Mistry from their boards, saying that his presence as chairman
"is likely to lead to fragmentation of the Tata Group".
Read more
Tata Sons renews appeal to shareholders to remove Mistry from group firms
MUMBAI, Dec 11 (Reuters) - Tata Sons on Sunday renewed its
appeal to shareholders of Tata group companies to remove Cyrus
Mistry from the board of those companies, saying his presence as
chairman "is likely to lead to fragmentation of the Tata Group".
Read more
appeal to shareholders of Tata group companies to remove Cyrus
Mistry from the board of those companies, saying his presence as
chairman "is likely to lead to fragmentation of the Tata Group".
Read more
Ghana's next leader under pressure to deliver for impatient voters
ACCRA, Dec 11 (Reuters) - Ghana's President-elect Nana
Akufo-Addo needs to act fast to deliver on his campaign promise
to create jobs, restore rapid growth, build a dam in every
village and a factory in every district if he is to satisfy an
electorate eager for change.
Read more
Akufo-Addo needs to act fast to deliver on his campaign promise
to create jobs, restore rapid growth, build a dam in every
village and a factory in every district if he is to satisfy an
electorate eager for change.
Read more
Saturday, December 10, 2016
UPDATE 1-Russia signs Rosneft deal with Qatar, Glencore
MOSCOW, Dec 10 (Reuters) - Russian state holding company
Rosneftegaz on Saturday signed a deal with the Qatar Investment
Authority (QIA) and commodities trader Glencore to sell
a 19.5 percent stake in state-owned oil major Rosneft,
Rosneft said.
Read more
Rosneftegaz on Saturday signed a deal with the Qatar Investment
Authority (QIA) and commodities trader Glencore to sell
a 19.5 percent stake in state-owned oil major Rosneft,
Rosneft said.
Read more
Russia signs Rosneft deal with Qatar, Glencore
MOSCOW, Dec 10 (Reuters) - Russian state holding company
Rosneftegaz has signed a deal with the Qatar Investment
Authority (QIA) and commodities trader Glencore to sell
a 19.5 percent stake in state-owned oil major Rosneft,
Rosneft said on Saturday.
Read more
Rosneftegaz has signed a deal with the Qatar Investment
Authority (QIA) and commodities trader Glencore to sell
a 19.5 percent stake in state-owned oil major Rosneft,
Rosneft said on Saturday.
Read more
Ex-Odebrecht director links Brazil's president to illegal transfers -report
SAO PAULO, Dec 9 (Reuters) - A former director of Brazilian
engineering firm Odebrecht SA told prosecutors that
the company made several illegal contributions to politicians
from the ruling PMDB party including President Michel Temer,
according to a report aired Friday night by Globo TV.
Read more
engineering firm Odebrecht SA told prosecutors that
the company made several illegal contributions to politicians
from the ruling PMDB party including President Michel Temer,
according to a report aired Friday night by Globo TV.
Read more
Friday, December 9, 2016
CORRECTED-Trump names Dow Chemical CEO Liveris to head Manufacturing Council
Dec 9 (Reuters) - President-elect Donald Trump said on
Friday he would name Andrew Liveris, chairman and chief
executive of Dow Chemical Co, to head the Manufacturing
Council, a private sector group that advises the U.S. secretary
of commerce.
Read more
Friday he would name Andrew Liveris, chairman and chief
executive of Dow Chemical Co, to head the Manufacturing
Council, a private sector group that advises the U.S. secretary
of commerce.
Read more
CANADA STOCKS-TSX gains 1.7 pct on week, miners weigh on the day
TORONTO, Dec 9 (Reuters) - Canada's main stock index barely
extended a 19-month high on Friday, jumping 1.7 percent over the
week, as heavyweight energy and bank stocks gained with rising
oil prices and bond yields while mining losses eclipsed broad
gains.
Read more
extended a 19-month high on Friday, jumping 1.7 percent over the
week, as heavyweight energy and bank stocks gained with rising
oil prices and bond yields while mining losses eclipsed broad
gains.
Read more
UPDATE 1-Gabonese man charged in U.S. hedge fund bribery probe pleads guilty
Dec 9 (Reuters) - A Gabonese man who prosecutors say acted
as a "fixer" for a joint-venture involving the hedge fund
Och-Ziff Capital Management Group LLC pleaded guilty on
Friday to U.S. charges that he engaged in a foreign bribery
scheme.
Read more
as a "fixer" for a joint-venture involving the hedge fund
Och-Ziff Capital Management Group LLC pleaded guilty on
Friday to U.S. charges that he engaged in a foreign bribery
scheme.
Read more
UPDATE 2-EU upsets China with new steel price investigation
* China says WTO rules mean it merits new treatment from
Dec. 11
(Adds further investigation into cast iron)
Read more
Dec. 11
(Adds further investigation into cast iron)
Read more
UPDATE 2-Germany's Evonik buys Huber's silica unit to boost speciality chemicals
* Material goes into products from tyres to toothpaste
(Changes source to Evonik, adds company quote)
Read more
(Changes source to Evonik, adds company quote)
Read more
UPDATE 1-One-time Trump adviser Page sees opportunities in Russia
MOSCOW, Dec 9 (Reuters) - Carter Page, a businessman
previously described as a foreign-policy adviser to U.S.
President-elect Donald Trump, said on Friday he saw significant
business opportunities in Russia.
Read more
previously described as a foreign-policy adviser to U.S.
President-elect Donald Trump, said on Friday he saw significant
business opportunities in Russia.
Read more
COLUMN-Crunch time coming for Philippines nickel ore exports: Andy Home
LONDON, Dec 9 (Reuters) - Crunch time is coming for the flow
of nickel ore from the Philippines to China.
Read more
of nickel ore from the Philippines to China.
Read more
India's steel minister says not in favour of protectionist moves
NEW DELHI, Dec 9 (Reuters) - India's debt-laden steel
industry should not take the government's protectionist measures
for granted and need to raise their efficiency to compete with
foreign companies, the country's steel minister told Reuters in
an interview on Friday.
Read more
industry should not take the government's protectionist measures
for granted and need to raise their efficiency to compete with
foreign companies, the country's steel minister told Reuters in
an interview on Friday.
Read more
Bahrain's Bapco gets bids for $5 bln refinery expansion - sources
KHOBAR, Saudi Arabia, Dec 9 (Reuters) - State-run Bahrain
Petroleum Company (Bapco) has received bids from international
construction companies to expand its Sitra oil refinery,
industry sources said.
Read more
Petroleum Company (Bapco) has received bids from international
construction companies to expand its Sitra oil refinery,
industry sources said.
Read more
Sri Lankan shares hit over one-week closing low; blue chips fall
COLOMBO, Dec 9 (Reuters) - Sri Lankan shares closed at their
lowest in more than a week on Friday as investors sold large-cap
shares such as Ceylon Tobacco Company Plc and
Conglomerate John Keells Holdings Plc amid subdued
sentiment.
Read more
lowest in more than a week on Friday as investors sold large-cap
shares such as Ceylon Tobacco Company Plc and
Conglomerate John Keells Holdings Plc amid subdued
sentiment.
Read more
Ghana's Mahama says will respect result of presidential election
ACCRA, Dec 9 (Reuters) - Ghana's President John Mahama said
on Friday he would respect the results of an election that
private radio stations said he had lost to main opposition
leader Nana Akufo-Addo.
Read more
on Friday he would respect the results of an election that
private radio stations said he had lost to main opposition
leader Nana Akufo-Addo.
Read more
EU launches new investigation into Chinese steel imports
BRUSSELS, Dec 9 (Reuters) - The European Union has launched
an investigation into whether Chinese producers of certain
corrosion resistant steels are selling into Europe at unfairly
low prices, in its latest action against cheap Chinese steel
imports.
Read more
an investigation into whether Chinese producers of certain
corrosion resistant steels are selling into Europe at unfairly
low prices, in its latest action against cheap Chinese steel
imports.
Read more
UPDATE 1-Ghana opposition leader wins presidential election, radio stations report
ACCRA, Dec 9 (Reuters) - Ghana's main opposition leader,
Nana Akufo-Addo, has won the country's presidential election
with an absolute majority over President John Mahama, the
private radio stations Joy FM and Citi FM said on Friday.
Read more
Nana Akufo-Addo, has won the country's presidential election
with an absolute majority over President John Mahama, the
private radio stations Joy FM and Citi FM said on Friday.
Read more
UPDATE 1-South Africa's Sibanye Gold to buy Stillwater Mining for $2.2 bln
JOHANNESBURG, Dec 9 (Reuters) - South Africa's Sibanye Gold
will pay $2.2 billion for U.S.-based Stillwater Mining
, Sibanye said on Friday, extending its push into
platinum group metals.
Read more
will pay $2.2 billion for U.S.-based Stillwater Mining
, Sibanye said on Friday, extending its push into
platinum group metals.
Read more
Thursday, December 8, 2016
South Africa's Sibanye Gold to buy Stillwater Mining for $2.2 bln
JOHANNESBURG, Dec 9 (Reuters) - South Africa's Sibanye Gold
will pay $2.2 billion for U.S.-based Stillwater Mining
, Sibanye said on Friday, extending its push into
platinum mining.
Read more
will pay $2.2 billion for U.S.-based Stillwater Mining
, Sibanye said on Friday, extending its push into
platinum mining.
Read more
Ghana opposition leader set to win presidential election -private radio
ACCRA, Dec 9 (Reuters) - Ghana's main opposition leader is
heading to victory in a presidential election with an absolute
majority over President John Mahama, private Joy FM and Citi FM
radio stations said on Friday.
Read more
heading to victory in a presidential election with an absolute
majority over President John Mahama, private Joy FM and Citi FM
radio stations said on Friday.
Read more
China bank ICBC seals first debt-for-equity swap with Shandong Gold
BEIJING, Dec 9 (Reuters) - Industrial and Commercial Bank of
China (ICBC) , the country's biggest lender
by assets, said on Friday it has signed a 10 billion yuan ($1.45
billion) debt-for-equity swap with Shandong Gold Group to reduce
the company's debt burden.
Read more
China (ICBC) , the country's biggest lender
by assets, said on Friday it has signed a 10 billion yuan ($1.45
billion) debt-for-equity swap with Shandong Gold Group to reduce
the company's debt burden.
Read more
UPDATE 1-China Nov producer prices rise at fastest pace in 5 years as commodities climb
BEIJING, Dec 9 (Reuters) - China's producer prices rose the
fastest in more than five years in November as prices of coal,
steel and other building materials climbed, boosting industrial
profits and giving firms more cash flow to pay off mountains of
debt.
Read more
fastest in more than five years in November as prices of coal,
steel and other building materials climbed, boosting industrial
profits and giving firms more cash flow to pay off mountains of
debt.
Read more
UPDATE 2-Washington state sues Monsanto over PCB damages, cleanup costs
Dec 8 (Reuters) - Washington state filed an environmental
lawsuit on Thursday against agricultural company Monsanto Co
seeking damages and cleanup costs associated with the
company's production of PCBs, the state's attorney general said.
Read more
lawsuit on Thursday against agricultural company Monsanto Co
seeking damages and cleanup costs associated with the
company's production of PCBs, the state's attorney general said.
Read more
UPDATE 1-DuPont CEO Breen says Trump win unlikely to impact Dow deal
BOSTON, Dec 8 (Reuters) - Dupont Chief Executive Ed
Breen said on Thursday the incoming administration of U.S.
President-elect Donald Trump is not likely to have an impact on
his company's planned merger with rival Dow Chemical.
Read more
Breen said on Thursday the incoming administration of U.S.
President-elect Donald Trump is not likely to have an impact on
his company's planned merger with rival Dow Chemical.
Read more
DuPont CEO Breen says Trump win unlikely to impact Dow deal
BOSTON, Dec 8 (Reuters) - Dupont Chief Executive Ed
Breen said on Thursday the incoming administration of U.S.
President-elect Donald Trump is not likely to have an impact on
his company's planned merger with rival Dow Chemical.
Read more
Breen said on Thursday the incoming administration of U.S.
President-elect Donald Trump is not likely to have an impact on
his company's planned merger with rival Dow Chemical.
Read more
Glencore's Rosneft investment is in line with its new-found caution-Moody's
LONDON, Dec 8 (Reuters) - Glencore's decision to
acquire a stake in Russian state oil giant Rosneft is
not financially risky, Moody's credit ratings agency said, and
does not mark any shift from the miner-trader's new policy of
limiting its debt levels.
Read more
acquire a stake in Russian state oil giant Rosneft is
not financially risky, Moody's credit ratings agency said, and
does not mark any shift from the miner-trader's new policy of
limiting its debt levels.
Read more
UPDATE 1-Russian billionaire Lisin considers NLMK share sale - sources
MOSCOW, Dec 8 (Reuters) - Russian billionaire Vladimir Lisin
may sell part of his holding in the country's largest steelmaker
NLMK, which he controls, three banking and industry
sources told Reuters on Thursday.
Read more
may sell part of his holding in the country's largest steelmaker
NLMK, which he controls, three banking and industry
sources told Reuters on Thursday.
Read more
US Steel clarifies CEO's comments on recalling jobs
Dec 8 (Reuters) - United States Steel Corp said on
Thursday that Chief Executive Mario Longhi was referring to the
whole U.S. steel industry, not US Steel, when he spoke on
Wednesday about potentially restoring up to 10,000 jobs in the
United States.
Read more
Thursday that Chief Executive Mario Longhi was referring to the
whole U.S. steel industry, not US Steel, when he spoke on
Wednesday about potentially restoring up to 10,000 jobs in the
United States.
Read more
Sri Lanka shares gain on foreign buying; Thai Group's deal lifts mood
COLOMBO, Dec 8 (Reuters) - Sri Lankan shares rose on
Thursday as a stake buy in Commercial Credit and Finance Plc
by a unit of Thailand's Group Lease Plc lifted
the mood while foreign investors bought domestic stocks and
turned net buyers so far in the year.
Read more
Thursday as a stake buy in Commercial Credit and Finance Plc
by a unit of Thailand's Group Lease Plc lifted
the mood while foreign investors bought domestic stocks and
turned net buyers so far in the year.
Read more
Ghana electoral commission to start releasing results on Thursday -spokesman
ACCRA, Dec 8 (Reuters) - Ghana's electoral commission
spokeman said the agency would start releasing results on
Thursday from a presidential and parliamentary vote held the day
before and it called for calm.
Read more
spokeman said the agency would start releasing results on
Thursday from a presidential and parliamentary vote held the day
before and it called for calm.
Read more
UPDATE 2-ThyssenKrupp secrets stolen in 'massive' cyber attack
FRANKFURT, Dec 8 (Reuters) - Technical trade secrets were
stolen from the steel production and manufacturing plant design
divisions of ThyssenKrupp AG in cyber attacks earlier
this year, the German company said on Thursday.
Read more
stolen from the steel production and manufacturing plant design
divisions of ThyssenKrupp AG in cyber attacks earlier
this year, the German company said on Thursday.
Read more
Ghana opposition urges electoral commission to publish results
ACCRA, Dec 8 (Reuters) - A spokesman for Ghana's opposition
candidate Nana Akufo-Addo's party urged the electoral commission
on Thursday release results quickly, saying further delays would
create suspicion it was trying to overturn its win in the poll.
Read more
candidate Nana Akufo-Addo's party urged the electoral commission
on Thursday release results quickly, saying further delays would
create suspicion it was trying to overturn its win in the poll.
Read more
ThyssenKrupp secrets stolen in 'massive' cyber attack this year
FRANKFURT, Dec 8 (Reuters) - Technical trade secrets were
stolen from ThyssenKrupp AG in a cyber attack earlier
this year, the steelmaker said on Thursday.
Read more
stolen from ThyssenKrupp AG in a cyber attack earlier
this year, the steelmaker said on Thursday.
Read more
UPDATE 1-Ghana opposition calls on president to concede vote defeat
ACCRA, Dec 8 (Reuters) - Ghana's main opposition party said
on Thursday it had a strong lead in elections and called on
President John Mahama to concede defeat - comments dismissed as
"treasonable" by the incumbent's campaign team.
Read more
on Thursday it had a strong lead in elections and called on
President John Mahama to concede defeat - comments dismissed as
"treasonable" by the incumbent's campaign team.
Read more
Ghana opposition party calls on Mahama to concede election defeat
ACCRA, Dec 8 (Reuters) - Ghana's main opposition New
Patriotic Party (NPP) said on Thursday its tabulation of results
from an election showed it held a strong lead and called on
President John Mahama to concede defeat.
Read more
Patriotic Party (NPP) said on Thursday its tabulation of results
from an election showed it held a strong lead and called on
President John Mahama to concede defeat.
Read more
China goes on unexpected commodities splurge
BEIJING, Dec 8 (Reuters) - China's imports of commodities
surged unexpectedly last month putting the world's
second-largest economy on track to set records for shipments of
iron ore, coal and soybeans even as concerns linger about
slowing economic growth.
Read more
surged unexpectedly last month putting the world's
second-largest economy on track to set records for shipments of
iron ore, coal and soybeans even as concerns linger about
slowing economic growth.
Read more
Australia shares up for third session on ECB hopes, China data; NZ also rises
(Updates to close)
Australian shares rose for a third straight session on Thursday
on expectations that the European Central Bank would extend its
asset buying campaign at a policy meeting later in the day, with
upbeat Chinese import data adding to the bullish sentiment.
Read more
Australian shares rose for a third straight session on Thursday
on expectations that the European Central Bank would extend its
asset buying campaign at a policy meeting later in the day, with
upbeat Chinese import data adding to the bullish sentiment.
Read more
Wednesday, December 7, 2016
UPDATE 2-China Nov iron ore imports jump to 3rd highest month on record
* Steel product exports rise 5.5 pct from Oct
(Updates with analyst comment in paragraphs 3-6)
Read more
(Updates with analyst comment in paragraphs 3-6)
Read more
WRAPUP 1-China Nov exports, imports rise unexpectedly, commodity purchases soar
BEIJING, Dec 8 (Reuters) - China's imports grew at the
fastest pace in more than two years in November, fueled by its
strong thirst for commodities from coal to iron ore, while
exports also unexpectedly rose, reflecting a pick-up in both
domestic and global demand.
Read more
fastest pace in more than two years in November, fueled by its
strong thirst for commodities from coal to iron ore, while
exports also unexpectedly rose, reflecting a pick-up in both
domestic and global demand.
Read more
No new bid for Australia's Kidman & Co leaves Rinehart in driver's seat -source
SYDNEY, Dec 8 (Reuters) - No new bid has emerged for
Australia's largest private land holder S. Kidman & Co, likely
paving the way for the country's richest woman Gina Rinehart to
take it over with her A$386.5 million ($289.41 million) offer, a
source close to the transaction said.
Read more
Australia's largest private land holder S. Kidman & Co, likely
paving the way for the country's richest woman Gina Rinehart to
take it over with her A$386.5 million ($289.41 million) offer, a
source close to the transaction said.
Read more
Peru asks Las Bambas copper mine to resubmit environmental plan
LIMA, Dec 7 (Reuters) - The government of Pedro Pablo
Kuczynski has asked MMG Ltd's copper mine Las Bambas
to seek fresh approval for its environmental plan to correct any
possible shortcomings, the vice president said Wednesday.
Read more
Kuczynski has asked MMG Ltd's copper mine Las Bambas
to seek fresh approval for its environmental plan to correct any
possible shortcomings, the vice president said Wednesday.
Read more
China Nov exports, imports rise unexpectedly, commodity purchases soar
BEIJING, Dec 8 (Reuters) - China's November exports rose
unexpectedly by 0.1 percent from a year earlier, while imports
expanded 6.7 percent on strong demand for commodities from coal
to iron ore, official data showed on Thursday.
Read more
unexpectedly by 0.1 percent from a year earlier, while imports
expanded 6.7 percent on strong demand for commodities from coal
to iron ore, official data showed on Thursday.
Read more
Lenders flag policy, infrastructure challenges to PNG mines
SYDNEY, Dec 8 (Reuters) - Planned changes to Papua New
Guinea's mining laws are creating uncertainty ahead of an
upcoming election, despite strong interest in proposed
multibillion dollar mining and energy projects in the Pacific
nation, lenders and advisers say.
Read more
Guinea's mining laws are creating uncertainty ahead of an
upcoming election, despite strong interest in proposed
multibillion dollar mining and energy projects in the Pacific
nation, lenders and advisers say.
Read more
UPDATE 1-U.S. Steel could restore up to 10,000 U.S. jobs - CEO tells CNBC
Dec 7 (Reuters) - United States Steel Corp could be
looking at restoring up to 10,000 jobs in the United States,
Chief Executive Mario Longhi told CNBC, without providing a
timeline for the additions.
Read more
looking at restoring up to 10,000 jobs in the United States,
Chief Executive Mario Longhi told CNBC, without providing a
timeline for the additions.
Read more
Australia's Santos flags asset sales in turnaround strategy
SYDNEY, Dec 8 (Reuters) - Australian oil and gas producer
Santos Ltd will cut costs and put some assets up for
sale as it looks to cut debt over the next three years, in a
turnaround strategy announced on Thursday.
Read more
Santos Ltd will cut costs and put some assets up for
sale as it looks to cut debt over the next three years, in a
turnaround strategy announced on Thursday.
Read more
Australian regulator will not block ChemChina's Syngenta bid
SYDNEY, Dec 8 (Reuters) - Australia's competition regulator
said on Thursday it will not oppose state-owned Chinese
chemicals group ChemChina's proposed $43 billion acquisition of
Swiss seeds group Syngenta.
Read more
said on Thursday it will not oppose state-owned Chinese
chemicals group ChemChina's proposed $43 billion acquisition of
Swiss seeds group Syngenta.
Read more
U.S. Steel could restore up to 10,000 U.S. jobs - CNBC
Dec 7 (Reuters) - United States Steel Corp could be
looking at restoring up to 10,000 jobs in the United States,
Chief Executive Mario Longhi told CNBC on Wednesday, without
providing a timeline for the additions.
Read more
looking at restoring up to 10,000 jobs in the United States,
Chief Executive Mario Longhi told CNBC on Wednesday, without
providing a timeline for the additions.
Read more
Kremlin says Glencore, Qatari fund to buy 19.5 pct stake in Rosneft
MOSCOW, Dec 7 (Reuters) - Commodities trader and mining
group Glencore and Qatar's sovereign wealth fund are
together buying a 19.5-percent stake in state-controlled Russian
oil company Rosneft, the Kremlin said on Wednesday.
Read more
group Glencore and Qatar's sovereign wealth fund are
together buying a 19.5-percent stake in state-controlled Russian
oil company Rosneft, the Kremlin said on Wednesday.
Read more
UPDATE 1-Kremlin says Glencore, Qatari fund to buy 19.5 pct stake in Rosneft
MOSCOW, Dec 7 (Reuters) - Commodities trader Glencore
and Qatar's sovereign wealth fund are together buying a
19.5-percent stake in state-controlled Russian oil company
Rosneft, the Kremlin said in an unexpected
announcement late on Wednesday.
Read more
and Qatar's sovereign wealth fund are together buying a
19.5-percent stake in state-controlled Russian oil company
Rosneft, the Kremlin said in an unexpected
announcement late on Wednesday.
Read more
UPDATE 1-Chile rejects attempt to block modified Barrick Gold mine project
SANTIAGO/TORONTO, Dec 7 (Reuters) - Chile has rejected an
attempt by local communities to block modifications needed to
keep Barrick Gold Corp's controversial Pascua Lama
project alive, a resolution by the ministerial committee
involved showed on Wednesday.
Read more
attempt by local communities to block modifications needed to
keep Barrick Gold Corp's controversial Pascua Lama
project alive, a resolution by the ministerial committee
involved showed on Wednesday.
Read more
Swept up after Trump win, construction stocks may be vulnerable
NEW YORK, Dec 7 (Reuters) - Optimism about President-elect
Donald Trump's U.S. economic agenda has sent shares of
construction and engineering companies soaring, but the stocks
may be vulnerable if benefits from infrastructure spending or
other policies fall short.
Read more
Donald Trump's U.S. economic agenda has sent shares of
construction and engineering companies soaring, but the stocks
may be vulnerable if benefits from infrastructure spending or
other policies fall short.
Read more
Tata Steel agrees deal on jobs, investment-unions
LONDON, Dec 7 (Reuters) - Tata Steel UK has agreed
a deal guaranteeing jobs and production at its British
steelworks in exchange for cutbacks to pensions, unions said on
Wednesday.
Read more
a deal guaranteeing jobs and production at its British
steelworks in exchange for cutbacks to pensions, unions said on
Wednesday.
Read more
UPDATE 1-Tata seeks shareholder support before vote to remove Mistry from group cos
NEW DELHI, Dec 7 (Reuters) - Tata Sons' interim chairman
Ratan Tata reached out to shareholders of Tata group companies
on Wednesday, seeking their support to remove Cyrus Mistry from
the board of these companies.
Read more
Ratan Tata reached out to shareholders of Tata group companies
on Wednesday, seeking their support to remove Cyrus Mistry from
the board of these companies.
Read more
UPDATE 2-Ghana votes as president Mahama seeks a final term
* Govt says voters should stick with it despite tough
economy
(Updates with quotes, context)
Read more
economy
(Updates with quotes, context)
Read more
CORRECTED-Linde says to resume merger talks with Praxair, CEO resigns
FRANKFURT, Dec 7 (Reuters) - German industrial gases group
Linde on Wednesday said it would resume talks about a
potential merger of equals with Praxair after the U.S.
rival made changes to its initial deal proposal.
Read more
Linde on Wednesday said it would resume talks about a
potential merger of equals with Praxair after the U.S.
rival made changes to its initial deal proposal.
Read more
UPDATE 1-Linde says to resume merger talks with Praxair, CEO resigns
* Buechele says deal with Praxair "drawing near"
(Recasts, adds CEO quote, details on successor Belloni,
industry background)
Read more
(Recasts, adds CEO quote, details on successor Belloni,
industry background)
Read more
Sri Lanka shares end near one-week closing low
COLOMBO, Dec 7 (Reuters) - Sri Lankan shares ended weaker
for a second straight session on Wednesday, to hit their lowest
close in nearly one week, with foreign investors selling
domestic shares as uncertainty over budget proposals continued
to keep sentiment subdued.
Read more
for a second straight session on Wednesday, to hit their lowest
close in nearly one week, with foreign investors selling
domestic shares as uncertainty over budget proposals continued
to keep sentiment subdued.
Read more
UPDATE 1-Major Ukraine privatisation flops as plant attracts no bids
KIEV, Dec 7 (Reuters) - A second attempt to auction
Ukraine's state-owned Odessa Portside Plant failed to attract
any bids, the State Property Fund said on Wednesday - a major
setback for a Western-backed push for privatisation and reform.
Read more
Ukraine's state-owned Odessa Portside Plant failed to attract
any bids, the State Property Fund said on Wednesday - a major
setback for a Western-backed push for privatisation and reform.
Read more
RPT-COLUMN-China's commodity trading crackdown has long-term consequences: Russell
LAUNCESTON, Australia, Dec 7 (Reuters) - Is there a
longer-term cost to be paid by China for its ongoing efforts to
curb what the authorities in Beijing see as unjustified price
spikes in commodity prices on the country's futures exchanges?
Read more
longer-term cost to be paid by China for its ongoing efforts to
curb what the authorities in Beijing see as unjustified price
spikes in commodity prices on the country's futures exchanges?
Read more
Ukraine PM says Odessa fertiliser plant sale has failed
KIEV, Dec 7 (Reuters) - Ukraine's Prime Minister blamed the
State Property Fund for the failure of a second attempt to sell
a state-owned fertiliser plant in Odessa, seen as a test of a
Western-backed push for privatisation and reform.
Read more
State Property Fund for the failure of a second attempt to sell
a state-owned fertiliser plant in Odessa, seen as a test of a
Western-backed push for privatisation and reform.
Read more
China gold reserves unchanged at end-November -central bank
BEIJING, Dec 7 (Reuters) - China's gold reserves totalled
59.24 million fine troy ounces at the end of November, unchanged
from a month earlier, the central bank said on Tuesday.
Read more
59.24 million fine troy ounces at the end of November, unchanged
from a month earlier, the central bank said on Tuesday.
Read more
China stocks snap losing streak, helped by resources shares
SHANGHAI, Dec 7 (Reuters) - China stocks snapped a three-day
streak of losses on Wednesday, helped by a rally in resources
shares.
Read more
streak of losses on Wednesday, helped by a rally in resources
shares.
Read more
John Menzies names former DHL exec as head of distribution unit
Dec 7 (Reuters) - Airport services and logistics group John
Menzies Plc named Greg Michael, a former DHL executive,
as managing director of its distribution unit to help diversify
the business struggling against declines in the print industry.
Read more
Menzies Plc named Greg Michael, a former DHL executive,
as managing director of its distribution unit to help diversify
the business struggling against declines in the print industry.
Read more
COLUMN-China's commodity trading crackdown has long-term consequences: Russell
LAUNCESTON, Australia, Dec 7 (Reuters) - Is there a
longer-term cost to be paid by China for its ongoing efforts to
curb what the authorities in Beijing see as unjustified price
spikes in commodity prices on the country's futures exchanges?
Read more
longer-term cost to be paid by China for its ongoing efforts to
curb what the authorities in Beijing see as unjustified price
spikes in commodity prices on the country's futures exchanges?
Read more
Tuesday, December 6, 2016
UPDATE 1-Barrick Gold says Latam key to growth as it adds director
Dec 6 (Reuters) - Latin America will play an increasingly
important role in Barrick Gold's growth strategy, the
world's biggest gold miner said on Tuesday as it named a new
director with decades of mining experience in that region.
Read more
important role in Barrick Gold's growth strategy, the
world's biggest gold miner said on Tuesday as it named a new
director with decades of mining experience in that region.
Read more
Congo official flags budget worries over already delayed election
KINSHASA, Dec 6 (Reuters) - The Democratic Republic of
Congo's government may struggle to afford presidential elections
in 2018 due to soaring costs, the electoral commission head said
on Tuesday, adding a potential stumbling block to a vote that
has already been postponed once.
Read more
Congo's government may struggle to afford presidential elections
in 2018 due to soaring costs, the electoral commission head said
on Tuesday, adding a potential stumbling block to a vote that
has already been postponed once.
Read more
UPDATE 1-Brazil's president, beset on all sides, struggling to be savior
RIO DE JANEIRO, Dec 6 (Reuters) - When Michel Temer took
over Brazil's presidency in May, many hoped he could overcome
the political gridlock, corruption scandals and economic
obstacles that have hobbled Latin America's biggest country.
Read more
over Brazil's presidency in May, many hoped he could overcome
the political gridlock, corruption scandals and economic
obstacles that have hobbled Latin America's biggest country.
Read more
UPDATE 1-Environment group takes De Beers Canada to court over mercury
Dec 6 (Reuters) - An environmental group said on Tuesday it
filed a lawsuit against De Beers Canada, accusing the diamond
producer of failing to report toxic levels of mercury and
methylmercury at its Victor Diamond mine in northern Ontario.
Read more
filed a lawsuit against De Beers Canada, accusing the diamond
producer of failing to report toxic levels of mercury and
methylmercury at its Victor Diamond mine in northern Ontario.
Read more
European shares rise as Italy bank rally powers sector
MILAN/London, Dec 6 (Reuters) - European shares rose on
Tuesday for a second day with banking stocks surging to an
11-month high as investors dipped back into a beaten-down sector
following Italy's constitutional referendum on the weekend.
Read more
Tuesday for a second day with banking stocks surging to an
11-month high as investors dipped back into a beaten-down sector
following Italy's constitutional referendum on the weekend.
Read more
Environmental group takes De Beers Canada to court over mercury
Dec 6 (Reuters) - An environmental group said on Tuesday it
had filed a lawsuit against De Beers Canada, accusing the
diamond producer of failing to report toxic levels of mercury
and methylmercury at its Victor Diamond mine in northern
Ontario.
Read more
had filed a lawsuit against De Beers Canada, accusing the
diamond producer of failing to report toxic levels of mercury
and methylmercury at its Victor Diamond mine in northern
Ontario.
Read more
Brazil's president, beset on all sides, struggling as savior
RIO DE JANEIRO, Dec 6 (Reuters) - When Michel Temer took
over Brazil's presidency in May, many hoped he could overcome
the political gridlock, corruption scandals and economic
obstacles that have hobbled Latin America's biggest country.
Read more
over Brazil's presidency in May, many hoped he could overcome
the political gridlock, corruption scandals and economic
obstacles that have hobbled Latin America's biggest country.
Read more
UPDATE 1-Britain's mid-caps lag FTSE as spreadbetters tumble
* Commodity stocks drop, HSBC rises after upgrade
(Updates prices at close, adds detail and quote)
Read more
(Updates prices at close, adds detail and quote)
Read more
CANADA STOCKS-TSX barely higher on BMO beat; energy stocks weigh
TORONTO, Dec 6 (Reuters) - Canada's main stock index made
small gains in morning trading on Tuesday as Bank of Montreal
led financial shares higher on a strong earnings
report, while the energy sector weighed.
Read more
small gains in morning trading on Tuesday as Bank of Montreal
led financial shares higher on a strong earnings
report, while the energy sector weighed.
Read more
Companies need to work harder to gain societies' trust-Rio chairman
LONDON, Dec 6 (Reuters) - Multinational companies need to do
more to gain the trust of wider society, including better
explaining why top executives are so highly rewarded in
comparison to workers, the chairman of global miner Rio Tinto
told British lawmakers.
Read more
more to gain the trust of wider society, including better
explaining why top executives are so highly rewarded in
comparison to workers, the chairman of global miner Rio Tinto
told British lawmakers.
Read more
CANADA STOCKS-TSX close to unchanged as BMO jumps; energy stocks drag
TORONTO, Dec 6 (Reuters) - Canada's main stock index wavered
on either side of flat in early trade on Tuesday, as slipping
energy stocks were offset by a jump in Bank of Montreal
shares after its earnings beat expectations and a surge in
Kirkland Lake Gold Inc after it completed a merger.
Read more
on either side of flat in early trade on Tuesday, as slipping
energy stocks were offset by a jump in Bank of Montreal
shares after its earnings beat expectations and a surge in
Kirkland Lake Gold Inc after it completed a merger.
Read more
Subscribe to:
Posts (Atom)