Thursday, March 31, 2016
Kunming police say Fanya Exchange used investor savings illegally
have now determined that illegal activity took place at the
controversial Fanya Metals Exchange, which ceased operations
last year amid accusations by investors that it was running a
multibillion-dollar Ponzi scheme.
Read more
UPDATE 1-Workers at Cerro Verde copper mine in Peru plan strike next week
Cerro Verde mine in Peru plan to go on a 48-hour strike
April 8 to protest what they describe as the near disappearance
of their profit-sharing bonus this year, the union said
Thursday.
Read more
U.S. trade barrier report hits China on industrial overcapacity
Thursday criticized China's government support of heavy
industries including steel and aluminum in a new report on
foreign trade barriers, saying the resulting overproduction has
distorted markets and cost U.S. jobs.
Read more
UPDATE 1-Libya sanctions shift possible when unity gov't controls fund -UN
Council said on Thursday it was ready to consider changes to
sanctions on Libya's sovereign wealth fund once a unity
government confirms it has control of it, along with the
National Oil Corporation and the central bank.
Read more
UPDATE 1-Guinea and Burkina Faso to take back unused mining permits
back hundreds of unused mining permits for re-auction, ministers
said this week, as governments try to reignite interest in the
sector.
Read more
UPDATE 1-Canada launches WTO complaint against U.S. on glossy paper duties
against the United States over anti-dumping duties imposed on
imports of supercalendered paper, which is used in glossy
magazines and catalogues, the World Trade Organization (WTO)
said on Thursday.
Read more
UK's Osborne says rallying support to tackle cheap steel imports
Osborne said he was talking to other governments about taking
action to prevent the dumping of cheap steel after Britain's
biggest producer Tata Steel put its operations up for sale.
Read more
MIDEAST STOCKS-Markets end mixed after wild quarter
ended mixed on Thursday after a volatile quarter in which Gulf
bourses plunged to multi-year lows before recovering along with
oil prices, while Egypt swung in response to currency policy.
Read more
CANADA STOCKS-TSX seesaws, on track for 5 percent gain in March
seesawed on Thursday as energy stocks firmed after crude oil
prices turned higher but materials and healthcare stocks
dragged.
Read more
India's UltraTech buys Jaiprakash cement plants in new $2.4 bln deal
will buy Jaiprakash Associates Ltd's cement
plants for 159 billion rupees ($2.4 billion) including debt, the
companies said in a revised deal unveiled on Thursday.
Read more
Guinea and Burkina Faso to take back unused mining permits
back hundreds of unused mining permits for re-auction, ministers
said this week, as governments try to reignite interest in the
sector amid a downturn.
Read more
Morocco's bourse suspends trading in Alliances Development
watchdog AMMC suspended trading in property company Alliances
Development on Thursday pending an important announcement, a
source from the regulator said.
Read more
UPDATE 1-Russia's Sibur talking to Sinopec about gas plant investment
company Sibur is in talks with shareholder Sinopec
about investing in a planned gas chemical plant in
Russia's Far East, Sibur boss Dmitry Konov told reporters on
Thursday.
Read more
UPDATE 1-Britain says state takeover not the answer in steel crisis
(Adds comments from Cameron, worker at Port Talbot)
Read more
Canada launches WTO complaint against US on paper duties
against the United States over countervailing duties imposed on
imports of supercalendered or glossy printing paper, the World
Trade Organization (WTO) said on Thursday.
Read more
Britain's Cameron says no guarantees over future of Tata Steel assets
said there were no guarantees that Tata Steel's business in
Britain would be saved after the Indian company put it up for
sale and that he did not believe nationalisation was the right
answer for the industry.
Read more
UPDATE 1-UK's Nanoco expects lower revenue after amending Dow license deal
Group Plc said on Thursday that its full-year revenue
would be less than expected due to lower royalty payments from
Dow Chemical Co after the two amended a licence
agreement.
Read more
Russia's Sibur CEO says China's Sinopec eyes building Amur gas processing plant
Corporation (Sinopec Group) is among a group of companies
displaying interest in building the Amur gas processing plant,
Sibur chief executive Dmitry Konov told reporters on Thursday.
Read more
UK's Nanoco cuts revenue forecast on amended Dow licensing deal
Group Plc said on Thursday it expects full-year
revenue to be less than it previously expected due to lower
royalty payments from Dow Chemical Co.
Read more
Australian prospector goes Hollywood as mining bust bites
pursuits such as egg farming, the growing of medical marijuana
and beauty products as another way for struggling mining
companies to weather one of the industry's worst downturns in
decades.
Read more
Wednesday, March 30, 2016
Australia's Duet to raise $153 mln to pay for Alcoa pipeline stake
Duet Group launched a A$200 million ($153 million)
capital raising on Thursday to finance the purchase of the
remaining 20 percent of the Western Australian state gas
transmission line it does not already own from Alcoa Inc's
Australian arm.
Read more
Eldorado Brasil hires Credit Suisse, BofA for bond debut -sources
Brasil SA has hired the investment-banking units of three
international banks and a Brazilian lender to manage a debut
global bond offering of up to $500 million, four sources with
direct knowledge of the decision said on Wednesday.
Read more
UPDATE 2-Kinross okays first-phase expansion of North Africa mine
Wednesday it plans to go ahead with a $300 million, first-phase
expansion of its Tasiast gold mine in North Africa that will
nearly double the mine's production and slash its production
costs.
Read more
Sex trafficking 'staggering' in illegal Latin American gold mines-researchers
sex trafficking around illegal gold mines in parts of Latin
America is "staggering," and thousands of people working there
are prey to labour exploitation by organised crime groups, a
think-tank said on Wednesday.
Read more
MIDEAST STOCKS-Markets mixed, money flows to UAE
mixed on Wednesday as money flowed into bourses in the United
Arab Emirates but many markets dropped in shrinking volumes,
suggesting some investors were pulling out.
Read more
Nationalisation not right answer for Tata's UK steel - minister
Javid said he did not think that Tata Steel's British
steel-making assets should be nationalised and there was more
that the European Union could do to help the industry via import
tariffs.
Read more
UPDATE 1-K+S chairman backs CEO after report of pressure to replace him
(Releads with Chairman backing CEO, background on waste water
disposal, prosecutor's charges)
Read more
RPT-COLUMN-Yellen caution spells trouble for Australian miners: Russell
emerged as another problem for commodity producers, particularly
those in Australia, as her caution over interest rates has
effectively weakened the U.S. dollar.
Read more
Russia police say blast kills officer, Islamic State claims responsibility
and two injured late on Tuesday when two vehicles were blown up
by an explosive device in Russia's Dagestan region, police said,
while the Islamic State group said it was behind the attack.
Read more
German EconMin wants to help steel sector compete with China
Gabriel backs demands from Europe's steel industry to create
globally fair competition and has, with some EU counterparts,
asked the EU to take measures to help, a spokeswoman said on
Wednesday.
Read more
RPT-UPDATE 2-India's Tata Steel puts British business up for sale
Britain's largest steelmaker, put its entire UK business up for
sale to stem heavy losses, a move that would draw a line under
its almost decade-long foray into Britain's declining steel
industry.
Read more
Finland hopes for new growth from shrunken forest industry
modest 200 jobs in a Finnish forestry industry that has lost
around 20,000 in the past decade, but UPM-Kymmene's new biofuels
plant offers long-awaited growth and hope.
Read more
Tuesday, March 29, 2016
COLUMN-Yellen caution spells trouble for Australian miners: Russell
emerged as another problem for commodity producers, particularly
those in Australia, as her caution over interest rates has
effectively weakened the U.S. dollar.
Read more
BUZZ-India's Tata Steel gains, puts UK business up for sale
its entire UK business to stem heavy losses
Read more
Tata Steel to sell entire UK operation -BBC
Ltd is expected to announce the sale of its entire UK
business, BBC reported citing union sources.
Read more
Deere acquires stake in U.S. leader in high-clearance sprayers
has acquired a majority stake in Hagie Manufacturing, allowing
the farm and construction machinery manufacturer to enter the
high-clearance sprayer market.
Read more
UPDATE 1-No criminal charges in California balcony collapse that killed Irish students
connection with the deadly collapse of an apartment balcony in
Berkeley, California, last year in which five visiting Irish
students and an American friend were killed, prosecutors said on
Tuesday.
Read more
MIDEAST STOCKS-Saudi falls after weak data, most bourses rise
sharply on Tuesday as petrochemical stocks sagged and the
central bank reported weak economic data, but most major markets
in the region gained.
Read more
RPT-Facing losses and grain glut, U.S. farmers to plant more corn
grain market slump, U.S. farmers are set to plant more corn,
taking a calculated gamble that higher sales will help them make
up for falling prices without triggering even more declines.
Read more
British brick maker Forterra aims for 450 mln stg London listing
previously known as Hanson's UK building products division, said
on Tuesday it would float in London next month, aiming to
capitalise on demand from house builders in Britain.
Read more
UPDATE 1-Kyrgyzstan's cenbank cuts key rate 200 bp as economy contracts
its policy rate to 8 percent from 10 percent, it said on
Tuesday, citing economic contraction and falling consumer
prices.
Read more
Facing losses and grain glut, U.S. farmers to plant more corn
grain market slump, U.S. farmers are set to plant more corn,
taking a calculated gamble that higher sales will help them make
up for falling prices without triggering even more declines.
Read more
Monday, March 28, 2016
China's Dongbei Special Steel misses payment on short-term note
Co Ltd, an unlisted steel manufacturer based in Northeast China,
missed a payment on an 800 million yuan ($122.98 million)
short-term note which matured over the weekend, the Shanghai
Clearing House said in a statement on its website.
Read more
UPDATE 1-China's Dongbei Special Steel misses payment on short-term note
Co Ltd, an unlisted steel manufacturer based in Northeast China,
missed a payment on an 800 million yuan ($123 million)
short-term note which matured over the weekend, the Shanghai
Clearing House said in a statement on its website.
Read more
UPDATE 1-Brazil steel production to fall further as job losses mount
of raw steel in 2016, 1 percent less than last year, as the
sector wrestles with an historic slump in demand amid the worst
recession in a generation, the Brazil Steel Institute said on
Monday.
Read more
RPT-Tiny fruit fly sours Australia's big ambitions in agriculture
Australia's efforts to grow its $3 billion fruit and vegetable
exports, despite the country reaching a series of free trade
agreements with its largest trading partners in Asia.
Read more
To save South America's forests harmonize tough environment rules - study
growing population without destroying the world's forests,
governments and companies need to harmonise rules on
deforestation to stop farms or cattle ranches from moving
operations into areas with weak environmental laws, researchers
said on Monday.
Read more
CANADA STOCKS-TSX falls as energy, mining stocks weigh
on Monday, as energy and mining stocks pulled back with oil
prices slightly lower, while consumer names made some gains.
Read more
Sunday, March 27, 2016
S.Korea set for record IPO year as conglomerates prepare to sell family silver
revival, some of South Korea's biggest family firms are set to
clean house this year with multi-billion dollar initial public
offerings that will fire the country to a record year for new
listings.
Read more
Cheap buyout plans in Singapore? Not so quick, say minority shareholders
increasingly being forced to pay up for taking their companies
private as minority investors demand bigger premiums to the
depressed market valuations of targets, underscoring a growing
trend of shareholder activism in Asia.
Read more
Tiny fruit fly sours Australia's big ambitions in agriculture
Australia's efforts to grow its $3 billion fruit and vegetable
exports, despite the country reaching a series of free trade
agreements with its largest trading partners in Asia.
Read more
Saturday, March 26, 2016
CORRECTED-Nails and nail varnish: Brussels bombers prepared a "satanic" cocktail
quiet street turned out to be the perfect place for the three
suspected Brussels attackers to prepare the home-made nail bombs
used in Tuesday's airport and metro attacks that killed at least
31 people.
Read more
Nails and nail varnish: Brussels bombers prepared a "satanic" cocktail
quiet street turned out to be the perfect place for the three
suspected Brussels attackers to prepare the home-made nail bombs
used in Tuesday's airport and metro attacks that killed at least
31 people.
Read more
Friday, March 25, 2016
Polish minister approves tripling of logging in ancient forest
in the volume of wood to be harvested from Bialowieza Forest,
the environment minister said on Friday, putting the country on
a collision course with the European Union and
environmentalists.
Read more
Zijin Mining's 2015 profit falls 29 pct on weak gold, base metal prices
, China's biggest listed gold producer, reported on
Friday a 29.4 percent fall in its 2015 net profit as a weak
global economy pressured metal prices.
Read more
China state firms' Jan-Feb profits fall 14.2 percent y/y
firms fell 14.2 percent in the January to February period from a
year earlier to 222.61 billion yuan ($34.2 billion), the
Ministry of Finance said on Friday, in a sign of worsening
business conditions from a slowing economy.
Read more
UPDATE 1-U.S. extends BMW deadline to get replacement air bag inflators
months to acquire Takata air bag replacement parts for
a massive recall because tests showed some of the substitute
inflators may also be defective, the U.S. auto safety agency
said on Thursday.
Read more
China's Dongbei Special Steel says it may be unable to make bond payment
Co Ltd may be unable to repay 852 million yuan ($131 million) of
principal and interest on short-term commercial paper maturing
Sunday, the unlisted firm said on Friday in a statement posted
on the website of one of China's main bond clearing houses.
Read more
Thursday, March 24, 2016
New York's transportation hub gets massive $22 billion boost
took a giant step toward revitalizing its crumbling
capacity-strained transport hubs on Thursday as a major bistate
agency authorized up to $22 billion of spending on air, rail,
and bus infrastructure.
Read more
U.S. extends BMW deadline to get replacement air bag inflators
months to acquire Takata air bag replacement parts for
a massive recall because tests showed some of the substitute
inflators may also be defective, the U.S. auto safety agency
said on Thursday.
Read more
U.S. regulators finalize new silica limits for construction, other industries
workplace regulators on Thursday announced a final rule to boost
protections against occupational exposure to crystalline silica,
a carcinogenic dust ubiquitous in construction, foundries and
fracking.
Read more
MIDEAST STOCKS-Egypt continues rises after cabinet reshuffle, Gulf slips
on Thursday on hopes a new cabinet could give the economy a
boost, while a pull-back by Brent oil below $40 a barrel
and a cut in telecoms roaming fees pushed down Gulf bourses.
Read more
UPDATE 1-China Shenhua Energy's profit falls, to cut output in 2016
net profit fell 56.9 percent in 2015,
missing forecasts and dropping for a third straight year due to
lower demand in a slowing economy and the country's efforts to
switch to cleaner forms of energy.
Read more
COLUMN-Non-Chinese aluminium output creeps up to four-year high: Andy Home
balancing the global primary aluminium market.
Read more
Trump's tariff plan could boomerang, spark trade wars with China, Mexico
slap steep tariffs on Chinese and Mexican imports may have won
him votes in Republican primaries but they would likely
backfire, severely disrupting U.S. manufacturers that
increasingly depend on global supply chains.
Read more
Russian billionaire fond of Faberge eggs hit by more Swiss losses
soft spot for Faberge eggs continues to be hit hard by his Swiss
industrial portfolio, with steelmaker Schmolz+Bickenbach
on Thursday his latest holding to report a loss.
Read more
UPDATE 1-Russia's NLMK earnings drop 37 pct in fourth quarter
NLMK said on Thursday its core earnings fell 37
percent in the last three months of 2015 from the previous
quarter due to lower prices for its products and a decline in
sales.
Read more
Petra Diamonds sells exceptional pink diamond for $15 mln
Thursday it had recovered and sold an exceptional 32.33 carat
pink diamond from the Williamson mine in Tanzania for $15
million.
Read more
Barrick Gold to face US group lawsuit over LatAm mine
class certification for a U.S. class-action lawsuit filed
against Barrick Gold Corp claiming Barrick misstated
facts of its now halted Pascua-Lama gold-mine project on the
border of Argentina and Chile.
Read more
Renault recalling 10,649 Zoe electric cars for brake hose checks
10,649 Zoe electric cars to remove the potential risk of rupture
to brake fluid hoses, a spokesman for the carmaker said on
Thursday, confirming reports on specialist websites and BFM
Business TV.
Read more
China's Bohai Steel bonds off lows after restructuring report
bonds held steady on Thursday, after bouncing from lows
following reports the Chinese state-owned steelmaker was
planning to restructure $29.61 billion in debt.
Read more
Wednesday, March 23, 2016
Australia shares hit 3-week lows, NZ recoils from record high
fell to their lowest in three weeks on Thursday, while their New
Zealand counterparts recoiled from yet another record high as
investors turned defensive ahead of the Easter long weekend.
Read more
China's ENN buys $750 mln stake in Australia's Santos
distributor ENN is set to become the top shareholder in
Australia's Santos Ltd after agreeing to buy an 11.7 percent
stake for $750 million from Hony Capital, in a push to get into
gas production.
Read more
U.S. firms to invest $2.3 bln in Argentina over 18 months: chamber
more than $2.3 billion in Argentina over the next 12-18 months,
a U.S. chamber of commerce official said, in a boost to
President Mauricio Macri who met with President Barack Obama on
Wednesday.
Read more
Brazil steelmakers to raise flat steel price in April -sources
and the Brazil unit of ArcelorMittal are
preparing to increase the price of flat steel in April, two
distributors said on Wednesday, after rival Usiminas
announced a 10 percent price rise.
Read more
U.S. lawmakers call for USDA to review Syngenta deal - WSJ
other U.S. lawmakers are pushing for the U.S. Department of
Agriculture to have a formal role in weighing ChemChina's
planned take over of Switzerland's Syngenta, the Wall
Street Journal reported on Wednesday.
Read more
UPDATE 1-Kyrgyz security service accuse opposition of planning mass riots
body said on Wednesday it had audio recordings that showed
several opposition politicians planned mass riots to oust
President Almazbek Atambayev, but two of the accused politicians
denounced the recordings as fakes.
Read more
Miners lead European shares lower, Credit Suisse outperforms
(ADVISORY- Reuters plans to replace intra-day European and UK
stock market reports with a Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets
for site in development. See the bottom of the report for more
details. Adds details, closing prices)
Read more
MIDEAST STOCKS-Egypt rises after cabinet reshuffle; Gulf mixed
Wednesday after President Abdel Fattah al-Sisi reshuffled his
cabinet, while Gulf bourses were mixed in the absence of fresh
incentives to trade.
Read more
China's biggest cement maker Anhui Conch has first profit fall in 3 yrs
, China's largest cement maker by market value, on
Wednesday reported a 32 percent fall in 2015 net profit, missing
estimates and marking its first profit fall in three years as a
slowing economy hit construction.
Read more
RPT-COLUMN-Robust commodity imports don't tell the whole China story: Russell
sentiment surrounding the outlook for China's demand for natural
resources is being reflected by rising imports for some major
commodities, but as usual it pays to be wary when interpreting
the numbers.
Read more
RPT-Big Corn finds unlikely allies in US biofuel push: carmakers and drivers
found two unlikely allies in their decade-long battle with big
oil to get ethanol into the nation's fuel stream: automobile
manufacturers and American drivers.
Read more
Zimbabwe to ban foreign firms in breach of local ownership law
cancel licences for foreign firms, including those operating
mines and banks, that have not complied with a law to sell
majority shares to locals, Empowerment Minister Patrick Zhuwao
said on Wednesday.
Read more
UPDATE 1-Zimbabwe to ban foreign firms in breach of local ownership law
cancel licences for foreign firms, including those operating
mines and banks, that have not complied with a law to sell
majority shares to locals, Empowerment Minister Patrick Zhuwao
said on Wednesday.
Read more
Mitsui sees around $620 mln annual loss on writedowns on copper, LNG assets
Co said on Wednesday it expected a net loss of 70
billion yen ($623 million) for the business year to March 31,
against an earlier forecast for a profit of 190 billion yen, hit
by hefty one-off losses in its copper and other resource assets.
Read more
Poland may raise stake in copper miner KGHM- report
its stake in copper producer KGHM to around 40 percent
from the current 31.8 percent if it has the funds, the country's
treasury minister told Gazeta Polska.
Read more
WORLD NEWS SCHEDULE AT 0600 GMT/2 AM ET
with two supposed suicide bombers shortly before they struck
Brussels Airport in first of two attacks that also hit the
city's metro, killing at least 30 and wounding over 200.
(BELGIUM-BLAST/ (UPDATE 1, TV, PIX, GRAPHICS), expect by 0800
GMT/4 AM ET, by Alastair Macdonald, Foo Yun Chee and Bate Felix,
1000 words)
Read more
Tuesday, March 22, 2016
Big Corn finds unlikely allies in US biofuel push: carmakers and drivers
found two unlikely allies in their decade-long battle with big
oil to get ethanol into the nation's fuel stream: automobile
manufacturers and American drivers.
Read more
UPDATE 1-China's Jiangxi Copper plans output cuts after profit fall
(Adds production figures, views of copper market)
Read more
COLUMN-Robust commodity imports don't tell the whole China story: Russell
sentiment surrounding the outlook for China's demand for natural
resources is being reflected by rising imports for some major
commodities, but as usual it pays to be wary when interpreting
the numbers.
Read more
HIGHLIGHTS-Thomson Reuters/INSEAD Q1 Asian Business Sentiment Survey -by economy
among Asia-Pacific's biggest firms picked up in the first
quarter of 2016, tempered mainly by concerns about declining
demand in China and excessive currency volatility, a Thomson
Reuters/INSEAD survey showed.
Read more
HIGHLIGHTS-Thomson Reuters/INSEAD Q1 Asian Business Sentiment Survey -by sector
among Asia-Pacific's biggest firms picked up in the first
quarter of 2016, tempered mainly by concerns about declining
demand in China and excessive currency volatility, a Thomson
Reuters/INSEAD survey showed.
Read more
RPT-COLUMN-LME walks fine line between beasts of aluminium and regulation: Andy Home
has just announced proposals for a new layer of regulatory
oversight in the form of "accountability levels".
Read more
RPT-UPDATE 1-Axiom Mining's nickel license revoked by Solomon Islands' court
nickel deposit in the Solomon Islands is back to square one this
week, as the nation's highest court ruled that neither of the
two miners in Japan and Australia fighting over the discovery
were entitled to the license.
Read more
RPT-UPDATE 1-Some Japanese aluminium buyers agree to Q2 premium of $115/T -sources
have agreed to pay a premium of $115 per tonne for primary metal
for shipment in the April-June quarter, three sources directly
involved in the quarterly pricing talks said.
Read more
China's Fosun swoops on central London office complex - source
is set to close a deal worth about 300 million pounds ($426.4
million) on Wednesday to buy the Thomas More Square complex in
London in its biggest real estate transaction in Europe, a
source familiar with the matter said.
Read more
Rise in Anglo American share price could offer chance to fill its coffers
American's share price since late January means the time
could be ripe for a rights issue rather than an asset fire sale
to boost its defences against tumbling commodity prices, fund
managers say.
Read more
UPDATE 1-Axiom Mining's nickel license revoked by Solomon Islands' court
nickel deposit in the Solomon Islands is back to square one this
week, as the nation's highest court ruled that neither of the
two miners in Japan and Australia fighting over the discovery
were entitled to the license.
Read more
UPDATE 1-Brazil police targets Odebrecht in new anti-corruption raid
seeking to arrest 15 people on Tuesday as part of the corruption
investigation centered on state-run oil producer Petroleo
Brasileiro SA, police and federal prosecutors said.
Read more
Shell, CNOOC take final decision to expand China petrochem plant
China's CNOOC Ltd said they had made a final decision
to double capacity of their jointly owned ethylene plant in
China's Guangdong province.
Read more
UPDATE 1-Some Japanese aluminium buyers agree to Q2 premium of $115/T -sources
have agreed to pay a premium of $115 per tonne for primary metal
for shipment in the April-June quarter, three sources directly
involved in the quarterly pricing talks said.
Read more
Axiom Mining's nickel license revoked by Solomon Islands' court
nickel deposit in the Solomon Islands is back to square one this
week, as the nation's highest court ruled that neither of the
two firms in Japan and Australia fighting over the discovery
were entitled to the license.
Read more
Monday, March 21, 2016
UPDATE 4-Congo ex-vice president guilty in landmark ICC war rape ruling
Congo's Jean-Pierre Bemba became the highest-ranking politician
convicted by the international war crimes court on Monday, when
it judged him responsible for a campaign of rape and murder in
Central African Republic.
Read more
UPDATE 2-Apple's robot rips apart iPhones for recycling
robotic system called Liam to take apart junked iPhones and
recover valuable materials that can be recycled, such as silver
and tungsten.
Read more
REFILE-Apple unveils recycling robot to take apart iPhones
robotic system called Liam to take apart junked iPhones and
recover valuable materials that can be recycled, such as silver
and tungsten.
Read more
UPDATE 2-Alberta regulator sets steam restriction at CNRL oil sands project
Regulator said on Monday it is implementing additional
requirements at Canadian Natural Resources Ltd's
Primrose oil sands project after concluding excessive steaming
caused a 6,648-barrel bitumen emulsion leak in 2013.
Read more
UPDATE 1-Louis Dreyfus profits fall, seeks partners
(Updates with partnership plans, details on results)
Read more
RPT-Apple unveils recycling robot to take apart iPhones
robotic system called Liam to take apart junked iPhones and
recover valuable materials that can be recycled, such as silver
and tungsten.
Read more
ICC convicts Congolese politician of Central African war crimes
Criminal Court on Monday found Congolese politician Jean-Pierre
Bemba guilty of war crimes, including murder, rape and pillage
during a 2001-2002 conflict in the Central African Republic.
Read more
MIDEAST STOCKS-Egypt resumes post-devaluation uptrend, Gulf moves little
rising on Monday after soaring last week in response to a
currency devaluation, while most Gulf markets moved little as
oil prices pulled back slightly.
Read more
Bayer shares jump on Monsanto crop science interest
pesticides maker Bayer rose more than 5 percent on
Monday after sources close to the matter told Reuters that
Monsanto was interested in a deal with its crop science
business.
Read more
WL Ross to buy chemicals distributor Nexeo from TPG
would buy chemicals and plastics distributor Nexeo Solutions
Holdings LLC from private equity firm TPG in a cash-and-stock
deal valued at $1.67 billion.
Read more
Israel Chemicals CEO is candidate to head Syngenta- media
Chief Executive Stefan Borgas is a leading candidate to take the
top job at Swiss agrochemicals group Syngenta, Israeli
media reported on Monday.
Read more
UPDATE 1-UK's Synthomer to buy US adhesives & coatings firm for $226 mln
said it would buy U.S.-based Hexion Performance Adhesives &
Coatings for $226 million, to grow its presence in the United
States and Asia.
Read more
BUZZ-UK miners: down as USD makes small comeback
stages a small rebound from near 5-mth lows
Read more
UK's Synthomer to buy US adhesives & coatings firm for $226 mln
said it would buy U.S.-based HEXION Performance Adhesives &
Coatings for $226 million, to grow its presence in the United
States and Asia.
Read more
RPT-Indian jewellers calls off strike; gold imports to rise
19-day strike late on Saturday after government assured they
will not be "harassed" by the excise department in collecting a
new tax, the head of a trade body told Reuters.
Read more
Sunday, March 20, 2016
UPDATE 6-Sherwin-Williams paint company to buy Valspar for $9.3 bln
agreed to acquire rival U.S. paint company Valspar Corp,
the companies said on Sunday, in an all-cash deal valued at
about $9.3 billion.
Read more
Congolese is highest-ranking politician set for Hague court verdict
vice-president becomes the most senior political leader ever to
face judgment before the International Criminal Court on Monday,
when judges rule on whether he committed war crimes in the
Central African Republic (CAR).
Read more
Australian govt abandons campaign to log World Heritage forest
its push to log World Heritage-listed forests on the southern
island state of Tasmania on Sunday, after the United Nations
cultural agency UNESCO issued a report calling for the area to
remain protected from logging.
Read more
Saturday, March 19, 2016
UPDATE 4-Brazil's Agnelli, who turned Vale into top miner, dies in crash
banker who turned Vale SA into the world's No. 1 iron
ore producer, died on Saturday in a plane crash, a source close
to aviation authorities told Reuters. He was 56.
Read more
Congo orders mining and oil companies to pay taxes in U.S. dollars
Democratic Republic of Congo must pay taxes and import duties in
U.S. dollars from Saturday rather than in the national currency,
the Central Bank of the Congo said.
Read more
Indian jewellers calls off strike; gold imports to rise
19-day strike late on Saturday after government assured they
will not be "harassed" by the excise department in collecting a
new tax, the head of a trade body told Reuters.
Read more
U.S. Steel to lay off workers, idle plants
would idle plants and lay off workers in Alabama, Ohio and Texas
as it tries to keep a lid on costs to tackle a steep fall in
steel prices.
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Brazil's Usiminas board calls meeting for capital increase -sources
steelmaker Usinas Siderúrgicas de Minas Gerais SA
decided on Friday to call a shareholder meeting on April 18 to
discuss a 1 billion-real ($278 million) capital increase
proposed by Japan's Nippon Steel & Sumitomo Corp, two sources
with knowledge of the decision said.
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Congo soldiers accused of attacking civilians - report
Republic of Congo's army have taken part in at least three
deadly attacks on civilians and turned a blind eye to other
assaults carried out by rebels, a former U.N. investigator said
in a report released on Friday.
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