MOSCOW, April 29 (Reuters) - Russia's Uralkali,
the world's largest potash producer, has signed a loan agreement
with 16 international banks for $1.2 billion, the company said
on Friday.
Read more
Friday, April 29, 2016
UPDATE 1-China's Hunan Dakang buys control of Brazil grains trader Fiagril
SAO PAULO, April 29 (Reuters) - Brazilian grains company
Fiagril Participações SA sold a controlling stake to China's
Hunan Dakang Pasture Farming Co Ltd, a unit of
Shanghai Pengxin Group Co, the Brazilian company said on Friday.
Read more
Fiagril Participações SA sold a controlling stake to China's
Hunan Dakang Pasture Farming Co Ltd, a unit of
Shanghai Pengxin Group Co, the Brazilian company said on Friday.
Read more
Pakistan shares end higher; rupee stronger, o/n overnight rates up
KARACHI, April 29 (Reuters) - Pakistani stocks ended higher
on Friday, mainly led by banking shares that continued their
upward trend from the previous session on good first-quarter
results, dealers said.
Read more
on Friday, mainly led by banking shares that continued their
upward trend from the previous session on good first-quarter
results, dealers said.
Read more
UPDATE 1-Russia's Norilsk says Q1 nickel output down 6 pct y/y
(Adds details, context)
MOSCOW, April 29 (Reuters) - Russia's Norilsk Nickel
said on Friday its first-quarter nickel output fell 6
percent year-on-year to 63,631 tonnes due to a reconfiguration
of production facilities at its Polar assets.
Norilsk, the world's second-largest nickel producer after
Brazilian miner Vale SA, also said it was on track to
meet its 2016 metals production guidance.
The company, also the world's largest palladium producer,
added its first-quarter palladiu
Read more
UPDATE 1-French PM commits 200 mln euros to support New Caledonia nickel producer
April 29 (Reuters) - France will lend up to 200 million
euros ($228 million) to support struggling New Caledonia nickel
producer Societe Le Nickel (SLN), Prime Minister Manuel Valls
said on Friday.
Read more
euros ($228 million) to support struggling New Caledonia nickel
producer Societe Le Nickel (SLN), Prime Minister Manuel Valls
said on Friday.
Read more
China's Baosteel: High steel prices may deter capacity cutting in short term
SHANGHAI, April 29 (Reuters) - The recent rapid increase in
Chinese steel prices may deter government efforts to curb
overcapacity in the sector in the short term, an official of
Baoshan Iron and Steel Ltd, China's biggest listed
steelmaker, said on Friday.
Read more
Chinese steel prices may deter government efforts to curb
overcapacity in the sector in the short term, an official of
Baoshan Iron and Steel Ltd, China's biggest listed
steelmaker, said on Friday.
Read more
Rusal Q1 aluminium output climbs amid signs of price recovery
April 29 (Reuters) - Russia's Rusal Plc reported a
1.7-percent rise in first quarter aluminium production from a
year earlier and said there were signs metal prices were
improving thanks to global output cuts.
Read more
1.7-percent rise in first quarter aluminium production from a
year earlier and said there were signs metal prices were
improving thanks to global output cuts.
Read more
French PM says to lend up to 200 mln euros to New Caledonia nickel producer
April 29 (Reuters) - France will lend up to 200 million
euros ($228 million) to New Caledonia nickel producer Societe Le
Nickel (SLN), Prime Minister Manuel Valls said on Friday.
Read more
euros ($228 million) to New Caledonia nickel producer Societe Le
Nickel (SLN), Prime Minister Manuel Valls said on Friday.
Read more
Thursday, April 28, 2016
Peru cracks down on illegal loggers in Amazonian tribe's reserve
LIMA, April 28 (Reuters) - An illegal logging operation
inside an isolated Amazonian tribe's reserve in Peru has been
dismantled and 15 people arrested, the government said on
Thursday, the first such crackdown since it toughened sanctions
on the practice.
Read more
inside an isolated Amazonian tribe's reserve in Peru has been
dismantled and 15 people arrested, the government said on
Thursday, the first such crackdown since it toughened sanctions
on the practice.
Read more
UPDATE 1-Brazil prosecutors charge Rousseff campaign strategist
CURITIBA, Brazil, April 28 (Reuters) - Brazilian prosecutors
charged political strategist Joao Santana, the architect of
President Dilma Rousseff's 2010 and 2014 election victories, and
16 others with corruption on Thursday as part of a massive graft
investigation.
Read more
charged political strategist Joao Santana, the architect of
President Dilma Rousseff's 2010 and 2014 election victories, and
16 others with corruption on Thursday as part of a massive graft
investigation.
Read more
Brazil prosecutors charge Rousseff campaign strategist
CURITIBA, Brazil, April 28 (Reuters) - Brazilian prosecutors
have filed unspecified charges against political strategist Joao
Santana, the architect of President Dilma Rousseff's 2010 and
2014 campaigns, according to a statement delivered before a news
conference on Thursday.
Read more
have filed unspecified charges against political strategist Joao
Santana, the architect of President Dilma Rousseff's 2010 and
2014 campaigns, according to a statement delivered before a news
conference on Thursday.
Read more
UPDATE 1-Kyrgyz authorities search Centerra unit Kumtor's office
TORONTO, April 28 (Reuters) - Canadian miner Centerra Gold
Inc said prosecutors and state law enforcement agencies
had conducted a search at the Bishkek offices of its subsidiary
Kumtor Gold Co on Thursday and its shares fell nearly 9 percent.
Read more
Inc said prosecutors and state law enforcement agencies
had conducted a search at the Bishkek offices of its subsidiary
Kumtor Gold Co on Thursday and its shares fell nearly 9 percent.
Read more
UPDATE 1-Lafarge Africa raising bond to repay $300 mln Nigeria loan
LAGOS, April 28 (Reuters) - Lafarge Africa is
marketing a 60 billion naira ($302 million) bond to refinance
some dollar-denominated debt at United Company of Nigeria
(UNICEM), which it bought last year.
Read more
marketing a 60 billion naira ($302 million) bond to refinance
some dollar-denominated debt at United Company of Nigeria
(UNICEM), which it bought last year.
Read more
Southern Copper's net profit dropped 34.5 pct in first quarter
LIMA, April 28 (Reuters) - Southern Copper Corp's
net profit dropped 34.5 percent to $185.1 million, or $0.24 per
share, in the first quarter on slumping metal prices, the
company said Thursday.
Read more
net profit dropped 34.5 percent to $185.1 million, or $0.24 per
share, in the first quarter on slumping metal prices, the
company said Thursday.
Read more
UPDATE 1-EU must take tough stance in steel dispute with China-German econmin
BERLIN, April 28 (Reuters) - The European Union should take
a tough stance in dealing with China in a dispute over low steel
prices, German Economy Minister Sigmar Gabriel said on Thursday.
Read more
a tough stance in dealing with China in a dispute over low steel
prices, German Economy Minister Sigmar Gabriel said on Thursday.
Read more
UPDATE 1-Georgia detains five suspected of selling uranium
TBILISI, April 28 (Reuters) - The security service in the
former Soviet republic of Georgia said on Thursday it had
detained five Georgian citizens who were trying to sell $3
million worth of radioactive uranium.
Read more
former Soviet republic of Georgia said on Thursday it had
detained five Georgian citizens who were trying to sell $3
million worth of radioactive uranium.
Read more
UPDATE 1-Potential UK steel buyers baulk at pension liabilities, says Javid
LONDON, April 28 (Reuters) - Tata Steel's pension
liabilities are putting off buyers for its British steelmaking
operation, Business Secretary Sajid Javid said on Thursday,
underlining the difficulty the government faces in securing a
sale that would save thousands of jobs.
Read more
liabilities are putting off buyers for its British steelmaking
operation, Business Secretary Sajid Javid said on Thursday,
underlining the difficulty the government faces in securing a
sale that would save thousands of jobs.
Read more
Potential UK steel buyers baulk at pension liabilities, says Javid
LONDON, April 28 (Reuters) - Several potential buyers of
Tata Steel's British assets have told the government they would
not be willing to take on the company's UK pension liabilities,
Business Secretary Sajid Javid said on Thursday.
Read more
Tata Steel's British assets have told the government they would
not be willing to take on the company's UK pension liabilities,
Business Secretary Sajid Javid said on Thursday.
Read more
UPDATE 1-Dow Chemical profit beats as margins rise to decade-high
April 28 (Reuters) - Dow Chemical Co reported a
higher-than-expected quarterly adjusted profit as margins rose
to their highest level in more than a decade.
Read more
higher-than-expected quarterly adjusted profit as margins rose
to their highest level in more than a decade.
Read more
Tanzania's forest conservation at risk as funds run out
DAR ES SALAAM, April 28 (Thomson Reuters Foundation) - When
the international forest conservation scheme known as REDD+
first came to Tanzania in 2008, it brought hopes of slowing
deforestation and curbing climate change.
Read more
the international forest conservation scheme known as REDD+
first came to Tanzania in 2008, it brought hopes of slowing
deforestation and curbing climate change.
Read more
German home approvals surge to 12-year high in Jan-Feb
BERLIN, April 28 (Reuters) - The number of home building
permits granted in Germany rose by 33 percent on the year during
the first two months of 2016, hitting a 12-year-high, data from
the Federal Statistics Office showed on Thursday.
Read more
permits granted in Germany rose by 33 percent on the year during
the first two months of 2016, hitting a 12-year-high, data from
the Federal Statistics Office showed on Thursday.
Read more
BUZZ-Anglo American: rallies on sale of Brazilian business
** Anglo American +4% & top Stoxx 600 basic
resources gainer after sells niobium & phosphates
businesses to China Molybdenum for $1.5 bln cash
Read more
resources gainer after sells niobium & phosphates
businesses to China Molybdenum for $1.5 bln cash
Read more
Vietnam, grappling with mass fish deaths, clamps down on seafood sales
HANOI, April 28 (Reuters) - Vietnam on Thursday banned the
sale and distribution of non-living aquatic products in its
central region, following inconclusive efforts to explain why
huge numbers of dead fish washed ashore.
Read more
sale and distribution of non-living aquatic products in its
central region, following inconclusive efforts to explain why
huge numbers of dead fish washed ashore.
Read more
Anglo American agrees $1.5 bln sale of niobium and phosphates units
LONDON, April 28 (Reuters) - Miner Anglo American
said on Thursday it had agreed to sell its niobium and
phosphates businesses to China Molybdenum for $1.5 billion in
cash to reduce its debt level.
Read more
said on Thursday it had agreed to sell its niobium and
phosphates businesses to China Molybdenum for $1.5 billion in
cash to reduce its debt level.
Read more
REFILE-UPDATE 1-Anglo American agrees $1.5 bln sale of niobium and phosphates units
LONDON, April 28 (Reuters) - Global mining group Anglo
American said on Thursday it had agreed to sell its
niobium and phosphates businesses to China Molybdenum for $1.5
billion in cash to reduce its debts.
Read more
American said on Thursday it had agreed to sell its
niobium and phosphates businesses to China Molybdenum for $1.5
billion in cash to reduce its debts.
Read more
Wednesday, April 27, 2016
UPDATE 2-Gold miner Goldcorp beats market forecasts, swings back to profit
April 27 (Reuters) - Canadian gold producer Goldcorp Inc
on Wednesday reported better-than-expected earnings,
returning to a profit in the first-quarter on the back of higher
production and lower costs.
Read more
on Wednesday reported better-than-expected earnings,
returning to a profit in the first-quarter on the back of higher
production and lower costs.
Read more
Chemical companies see rosier results on low crude prices
NEW YORK, April 27 (Reuters) - Expectations for chemical
company earnings have been boosted by a combination of lower
crude oil costs during the commodity's slump along with strong
demand for plastics that are used to make everything from
shampoo bottles to grocery bags.
Read more
company earnings have been boosted by a combination of lower
crude oil costs during the commodity's slump along with strong
demand for plastics that are used to make everything from
shampoo bottles to grocery bags.
Read more
Goldcorp swings back to profit in first-quarter
April 27 (Reuters) - Goldcorp Inc returned to a
profit in the first-quarter on the back of higher production and
lower costs, the Canadian gold producer said on Wednesday.
Read more
profit in the first-quarter on the back of higher production and
lower costs, the Canadian gold producer said on Wednesday.
Read more
UPDATE 1-Vale eyes restart of Argentina potash project
BUENOS AIRES, April 27 (Reuters) - Brazilian miner Vale SA
is considering a restart of its Rio Colorado potash
project in Argentina after a long delay, the company said on
Wednesday, the latest sign that international investors are
eyeing a return to the country.
Read more
is considering a restart of its Rio Colorado potash
project in Argentina after a long delay, the company said on
Wednesday, the latest sign that international investors are
eyeing a return to the country.
Read more
Medical manufacturer settles charges it illegally kept high market share
WASHINGTON, April 27 (Reuters) - Invibio, a division of
Victrex PLC that makes a key polymer used in spinal and
other medical implants, agreed to settle allegations that it
demanded exclusive contracts to illegally maintain its high
market share, the Federal Trade Commission said on Wednesday.
Read more
Victrex PLC that makes a key polymer used in spinal and
other medical implants, agreed to settle allegations that it
demanded exclusive contracts to illegally maintain its high
market share, the Federal Trade Commission said on Wednesday.
Read more
Hitachi Chemical to plead guilty to price fixing in auto parts probe
WASHINGTON, April 27 (Reuters) - Hitachi Chemical Co Ltd
has agreed to plead guilty to conspiring to fix the
prices of electrolytic capacitors used in a broad range of
electronic products and automobiles, the Justice Department said
on Wednesday.
Read more
has agreed to plead guilty to conspiring to fix the
prices of electrolytic capacitors used in a broad range of
electronic products and automobiles, the Justice Department said
on Wednesday.
Read more
Turkish conglomerates race into construction, hunting quick profits
ISTANBUL, April 27 (Reuters) - Turkish conglomerates are
racing to add high-end apartment blocks and office towers to
Istanbul's rapidly-changing skyline, turning to one of the
world's most profitable real estate markets for quick returns as
other parts of the economy suffer.
Read more
racing to add high-end apartment blocks and office towers to
Istanbul's rapidly-changing skyline, turning to one of the
world's most profitable real estate markets for quick returns as
other parts of the economy suffer.
Read more
MIDEAST STOCKS-Petrochemicals lift Saudi, rest of region sluggish
DUBAI, April 27 (Reuters) - Petrochemical stocks and a few
shares expected to benefit from Saudi Arabia's economic reform
plans lifted the Riyadh market on Wednesday while other Gulf
bourses were sluggish.
Read more
shares expected to benefit from Saudi Arabia's economic reform
plans lifted the Riyadh market on Wednesday while other Gulf
bourses were sluggish.
Read more
German utilities to pay 23.3 bln eur into state fund - nuclear commission
BERLIN, April 27 (Reuters) - German utilities will be asked
to pay 23.3 billion euros ($26.4 billion) into a state fund to
cover the costs of nuclear waste storage, members of a nuclear
commission tasked with securing funds for the country's nuclear
exit said on Wednesday.
Read more
to pay 23.3 billion euros ($26.4 billion) into a state fund to
cover the costs of nuclear waste storage, members of a nuclear
commission tasked with securing funds for the country's nuclear
exit said on Wednesday.
Read more
Pakistan stocks end higher; rupee weaker, o/n overnight rate up
KARACHI, April 27 (Reuters) - Pakistani shares ended higher
on Wednesday, helped by rising international crude prices and
the corporate earnings season, dealers said.
Read more
on Wednesday, helped by rising international crude prices and
the corporate earnings season, dealers said.
Read more
RPT-COLUMN-Aluminium looks vulnerable to pullback, iron ore less so: Russell
LAUNCESTON, Australia, April 27 (Reuters) - - If there is a
common theme emerging from the recent strong gains in commodity
prices, it's that the extent of the rally isn't justified by
fundamentals and is therefore largely speculative.
Read more
common theme emerging from the recent strong gains in commodity
prices, it's that the extent of the rally isn't justified by
fundamentals and is therefore largely speculative.
Read more
Australia's Atlas shareholders back restructure as iron ore price rises
SYDNEY, April 27 (Reuters) - Australia's Atlas Iron Ltd
averted collapse on Wednesday after shareholders
approved a debt-for-equity swap that will hand 70 percent of the
company to creditors amid a recovery in iron ore prices.
Read more
averted collapse on Wednesday after shareholders
approved a debt-for-equity swap that will hand 70 percent of the
company to creditors amid a recovery in iron ore prices.
Read more
UPDATE 1-Total Q1 beats forecasts on high output, strong margins
PARIS, April 27 (Reuters) - French energy company Total
reported a better-than-expected net profit for the
first quarter as high output and strong performance in refining
and chemicals helped limit the impact of a prolonged fall in oil
prices.
Read more
reported a better-than-expected net profit for the
first quarter as high output and strong performance in refining
and chemicals helped limit the impact of a prolonged fall in oil
prices.
Read more
Iron ore, steel lead China commodities retreat as curbs bite
MANILA, April 27 (Reuters) - Iron ore and steel futures in
China sank again on Wednesday as authorities raised trading
costs to deter speculative investors believed to be behind last
week's big spike in prices and volumes, which has raised fears
of a destabilising crash.
Read more
China sank again on Wednesday as authorities raised trading
costs to deter speculative investors believed to be behind last
week's big spike in prices and volumes, which has raised fears
of a destabilising crash.
Read more
Total Q1 beats forecasts on high output, strong margins
PARIS, April 27 (Reuters) - French oil and gas major Total
reported a better that expected net profit in the
first quarter of the 2016 as high output and a strong
performance in refining and chemicals helped limit the impact of
a prolonged fall in oil prices.
Read more
reported a better that expected net profit in the
first quarter of the 2016 as high output and a strong
performance in refining and chemicals helped limit the impact of
a prolonged fall in oil prices.
Read more
Tuesday, April 26, 2016
RPT-COLUMN-China tries to tame animal spirits in commodity markets: Andy Home
LONDON, April 26 (Reuters) - Nearly 240 million tonnes of
steel rebar traded on the Shanghai Futures Exchange (ShFE) last
Thursday.
Read more
steel rebar traded on the Shanghai Futures Exchange (ShFE) last
Thursday.
Read more
COLUMN-Aluminium looks vulnerable to pullback, iron ore less so: Russell
LAUNCESTON, Australia, April 27 (Reuters) - - If there is a
common theme emerging from the recent strong gains in commodity
prices, it's that the extent of the rally isn't justified by
fundamentals and is therefore largely speculative.
Read more
common theme emerging from the recent strong gains in commodity
prices, it's that the extent of the rally isn't justified by
fundamentals and is therefore largely speculative.
Read more
Australian PM defends costly submarine local build with France
SYDNEY, April 27 (Reuters) - Australian Prime Minister
Malcolm Turnbull on Wednesday defended a decision to build a
A$50 billion ($40 billion) submarine fleet in partnership with
France in Australia, rather than opt for a faster build that
would have seen initial work offshore.
Read more
Malcolm Turnbull on Wednesday defended a decision to build a
A$50 billion ($40 billion) submarine fleet in partnership with
France in Australia, rather than opt for a faster build that
would have seen initial work offshore.
Read more
UPDATE 2-In bold move, U.S. Steel launches campaign to stop China imports
NEW YORK, April 26 (Reuters) - U.S. Steel Corp has
launched a campaign to prevent imports from China's largest
steel producers, it said on Tuesday, the boldest step yet by a
U.S. company as a trade brawl with the world's largest steel
producer escalates.
Read more
launched a campaign to prevent imports from China's largest
steel producers, it said on Tuesday, the boldest step yet by a
U.S. company as a trade brawl with the world's largest steel
producer escalates.
Read more
U.S. Steel launches campaign to fight Chinese imports
NEW YORK, April 26 (Reuters) - U.S. Steel Corp has
filed a complaint with U.S. regulators calling for an
investigation into China's largest steel producers over alleged
price fixing and circumvention of import duties, it said on
Tuesday.
Read more
filed a complaint with U.S. regulators calling for an
investigation into China's largest steel producers over alleged
price fixing and circumvention of import duties, it said on
Tuesday.
Read more
New drone is hybrid of helicopter and plane
ZURICH, April 26 (Reuters) - It can take off and land like a
helicopter but is stable like a plane. A new aerial robot is
taking to the Swiss skies in what its developers hope will be a
game-changer for agriculture.
Read more
helicopter but is stable like a plane. A new aerial robot is
taking to the Swiss skies in what its developers hope will be a
game-changer for agriculture.
Read more
WIDER IMAGE-Fight against illegal Amazon gold mining intensifies
AMAJARI, Brazil, April 26 (Reuters) - After trekking nearly
two hours through dense jungle, Brazilian environmental special
forces burst into a clearing where the trees had been sawn and a
muddy crater dug: an illegal gold mine on indigenous land in the
heart of the Amazon.
Read more
two hours through dense jungle, Brazilian environmental special
forces burst into a clearing where the trees had been sawn and a
muddy crater dug: an illegal gold mine on indigenous land in the
heart of the Amazon.
Read more
UPDATE 1-Freeport to slash jobs after failing to sell oil business
April 26 (Reuters) - U.S. miner and oil producer
Freeport-McMoRan Inc said it would cut about a quarter
of the workforce in its oil and gas business after failing to
sell the unit.
Read more
Freeport-McMoRan Inc said it would cut about a quarter
of the workforce in its oil and gas business after failing to
sell the unit.
Read more
Germany's nuclear commission, utilities fail to reach deal on storage costs- sources
BERLIN, April 26 (Reuters) - A meeting between a commission
overseeing Germany's nuclear exit and four major utilities ended
without a deal on Tuesday due to a dispute about how much money
the firms should put into a fund to cover the costs of waste
storage, sources close to the talks said.
Read more
overseeing Germany's nuclear exit and four major utilities ended
without a deal on Tuesday due to a dispute about how much money
the firms should put into a fund to cover the costs of waste
storage, sources close to the talks said.
Read more
UPDATE 1-Barrick Gold reports a quarterly loss
April 26 (Reuters) - Barrick Gold Corp, the world's
largest gold producer, reported a quarterly loss, compared with
a year-earlier profit, as asset sales weighed on production and
realized prices fell.
Read more
largest gold producer, reported a quarterly loss, compared with
a year-earlier profit, as asset sales weighed on production and
realized prices fell.
Read more
WIDER IMAGE-Fight against illegal Amazon gold mining intensifies
AMAJARI, Brazil, April 26 (Reuters) - After trekking nearly
two hours through dense jungle, Brazilian government
environmental special forces burst into a clearing where the
trees had been sawn and a muddy crater dug: an illegal gold mine
on indigenous land in the heart of the Amazon.
Read more
two hours through dense jungle, Brazilian government
environmental special forces burst into a clearing where the
trees had been sawn and a muddy crater dug: an illegal gold mine
on indigenous land in the heart of the Amazon.
Read more
Teck Resources quarterly profit rises 38 percent
April 26 (Reuters) - Canadian miner Teck Resources Ltd
reported a 38 percent rise in quarterly
profit, helped by lower costs.
Read more
reported a 38 percent rise in quarterly
profit, helped by lower costs.
Read more
COLUMN-Russia, Australia await the big "if" of China ban on North Korean coal: Russell
LAUNCESTON, Australia, April 26 (Reuters) - Australia and
Russia could emerge the relative winners if China does restrict
imports of North Korean coal, as it has pledged to do.
Read more
Russia could emerge the relative winners if China does restrict
imports of North Korean coal, as it has pledged to do.
Read more
RPT-COLUMN-Russia, Australia await the big "if" of China ban on North Korean coal: Russell
LAUNCESTON, Australia, April 26 (Reuters) - Australia and
Russia could emerge the relative winners if China does restrict
imports of North Korean coal, as it has pledged to do.
Read more
Russia could emerge the relative winners if China does restrict
imports of North Korean coal, as it has pledged to do.
Read more
Monday, April 25, 2016
Australia, NZ shares slip on caution ahead of policy meetings
SYDNEY/WELLINGTON, April 26 (Reuters) - Australian and New
Zealand shares dipped on Tuesday, mirroring softness across much
of Asia with investors wary of taking big positions ahead of key
policy meetings this week.
Read more
Zealand shares dipped on Tuesday, mirroring softness across much
of Asia with investors wary of taking big positions ahead of key
policy meetings this week.
Read more
UPDATE 1-DuPont quarterly sales fall 5.5 pct due to strong dollar
April 25 (Reuters) - Chemicals and seed producer DuPont
reported a 5.5 percent fall in first-quarter sales mainly
due to the strong dollar.
Read more
reported a 5.5 percent fall in first-quarter sales mainly
due to the strong dollar.
Read more
RPT-COLUMN-China's first-quarter metal imports say more about supply than demand: Andy Home
That question looms largest of all in determining whether
base metal prices have bottomed out.
Read more
base metal prices have bottomed out.
Read more
Australia to announce winner of $40 bln submarine contract
SYDNEY, April 26 (Reuters) - Australian Prime Minister
Malcolm Turnbull will announce on Tuesday whether France,
Germany or Japan is the successful bidder for an A$50 billion
($40 billion) contract to build the country's new fleet of
submarines, according to sources.
Read more
Malcolm Turnbull will announce on Tuesday whether France,
Germany or Japan is the successful bidder for an A$50 billion
($40 billion) contract to build the country's new fleet of
submarines, according to sources.
Read more
RPT-Australian police to investigate submarine tender leak - ABC
SYDNEY, April 23 (Reuters) - Australian police are
investigating how confidential information about the outcome of
a tender process for Australia's next submarine fleet was leaked
to the media, the Australian Broadcasting Corporation reported
on Saturday.
Read more
investigating how confidential information about the outcome of
a tender process for Australia's next submarine fleet was leaked
to the media, the Australian Broadcasting Corporation reported
on Saturday.
Read more
Brazil to ask Congress to pass Paris climate deal -minister
NEW YORK/SAO PAULO, April 25 (Reuters) - Brazil's government
will ask legislators this week to ratify the Paris climate
agreement, the environment minister said late on Sunday, even as
President Dilma Rousseff faces possible impeachment and lacks
majority support in Congress.
Read more
will ask legislators this week to ratify the Paris climate
agreement, the environment minister said late on Sunday, even as
President Dilma Rousseff faces possible impeachment and lacks
majority support in Congress.
Read more
Oppenheimer Blue diamond may fetch $45 million at auction, says Christie's
LONDON, April 25 (Reuters) - The largest "fancy vivid blue"
diamond ever to be offered at auction will form part of a
dazzling jewellery sale in Geneva next month where it is seen as
possibly fetching around $45 million, according to Christie's.
Read more
diamond ever to be offered at auction will form part of a
dazzling jewellery sale in Geneva next month where it is seen as
possibly fetching around $45 million, according to Christie's.
Read more
Brazil's Usiminas may raise domestic steel prices further
BRASILIA, April 25 (Reuters) - Brazilian steelmaker Usiminas
said on Monday it may raise prices further in Brazil
if international steel prices continue to remain high.
Read more
said on Monday it may raise prices further in Brazil
if international steel prices continue to remain high.
Read more
COLUMN-China's first-quarter metal imports say more about supply than demand: Andy Home
That question looms largest of all in determining whether
base metal prices have bottomed out.
Read more
base metal prices have bottomed out.
Read more
MIDEAST STOCKS-Saudi surges as reforms announced, rest of Gulf weak
DUBAI, April 25 (Reuters) - Saudi Arabia's stock market
recovered from early losses and jumped 2.5 percent on Monday as
Deputy Crown Prince Mohammed bin Salman announced an economic
overhaul for the oil-dependent kingdom.
Read more
recovered from early losses and jumped 2.5 percent on Monday as
Deputy Crown Prince Mohammed bin Salman announced an economic
overhaul for the oil-dependent kingdom.
Read more
China state-owned nonferrous metals firm misses payment on another bond
SHANGHAI, April 25 (Reuters) - Guangxi Nonferrous Metals
Group Co Ltd, the unlisted metals producer which defaulted on a
bond in February, has missed a payment on a 500 million yuan
($77 million) private placement note which matured over the
weekend.
Read more
Group Co Ltd, the unlisted metals producer which defaulted on a
bond in February, has missed a payment on a 500 million yuan
($77 million) private placement note which matured over the
weekend.
Read more
Two-thirds of German industry hit by digital crime, survey finds
HANOVER, Germany, April 25 (Reuters) - More than two-thirds
of German industrial companies have been victims of digital
crime in the past two years, according to a survey carried out
by Bitkom, Germany's IT, telecoms and new media industry
association.
Read more
of German industrial companies have been victims of digital
crime in the past two years, according to a survey carried out
by Bitkom, Germany's IT, telecoms and new media industry
association.
Read more
UPDATE 2-Ball, Rexam to sell some can plants to get antitrust nod for merger
April 25 (Reuters) - Beverage can makers Ball Corp
and Rexam Plc will sell some of their assets to European
packaging maker Ardagh Group in a deal worth $3.42
billion, as they seek antitrust clearance for their planned
merger.
Read more
and Rexam Plc will sell some of their assets to European
packaging maker Ardagh Group in a deal worth $3.42
billion, as they seek antitrust clearance for their planned
merger.
Read more
Ball Corp, Rexam to sell some assets to Ardagh for $3.42 bln
April 25 (Reuters) - Drinks can maker Ball Corp said
it along with British rival Rexam Plc agreed to sell
some assets to Luxembourg-based Ardagh Group for
about $3.42 billion to meet antitrust regulations ahead of their
planned merger.
Read more
it along with British rival Rexam Plc agreed to sell
some assets to Luxembourg-based Ardagh Group for
about $3.42 billion to meet antitrust regulations ahead of their
planned merger.
Read more
Sunday, April 24, 2016
REFILE-Death toll rises to 32 at petrochemical plant explosion
MEXICO CITY, April 24 (Reuters) - Four more people have been
found dead after last week's explosion at a petrochemical plant
in southeastern Mexico, raising the death toll to 32, state oil
giant Pemex and Mexican plastic pipe maker Mexichem said in a
joint statement on Sunday.
Read more
found dead after last week's explosion at a petrochemical plant
in southeastern Mexico, raising the death toll to 32, state oil
giant Pemex and Mexican plastic pipe maker Mexichem said in a
joint statement on Sunday.
Read more
MIDEAST STOCKS-Petchems lift Saudi, other Gulf markets mixed
DUBAI, April 24 (Reuters) - Saudi Arabia's stock market rose
strongly in heavy trade on Sunday as firm oil prices boosted
petrochemical shares, while other markets in the region were
mixed.
Read more
strongly in heavy trade on Sunday as firm oil prices boosted
petrochemical shares, while other markets in the region were
mixed.
Read more
UK says support for Tata's UK steel assets selloff will meet EU rules -Times
LONDON, April 24 (Reuters) - Britain's efforts to help find
a buyer for Tata Steel's UK assets will comply with European
Union state aid regulations, Business Secretary Sajid Javid said
on Sunday, insisting any deal would not be a bailout or
nationalisation.
Read more
a buyer for Tata Steel's UK assets will comply with European
Union state aid regulations, Business Secretary Sajid Javid said
on Sunday, insisting any deal would not be a bailout or
nationalisation.
Read more
REPEAT-Disgruntled investors flex vote muscle on UK executive pay
LONDON, April 22 (Reuters) - Change the way you pay or risk
losing your jobs, corporate governance watchdogs have warned the
boards of Britain's top companies, as investors call for a
reality check on salaries.
Read more
losing your jobs, corporate governance watchdogs have warned the
boards of Britain's top companies, as investors call for a
reality check on salaries.
Read more
Australian police to investigate submarine tender leak - ABC
SYDNEY, April 23 (Reuters) - Australian police are
investigating how confidential information about the outcome of
a tender process for Australia's next submarine fleet was leaked
to the media, the Australian Broadcasting Corporation reported
on Saturday.
Read more
investigating how confidential information about the outcome of
a tender process for Australia's next submarine fleet was leaked
to the media, the Australian Broadcasting Corporation reported
on Saturday.
Read more
Friday, April 22, 2016
Pemex raises death toll at petrochemical plant explosion to 28
COATZACOALCOS, Mexico, April 22 (Reuters) - Mexican state
oil giant Pemex said on Friday that the death toll from a
petrochemical plant blast in the southeastern oil hub of
Coatzacoalcos had risen to 28, in the latest fatal accident to
befall the beleaguered company.
Read more
oil giant Pemex said on Friday that the death toll from a
petrochemical plant blast in the southeastern oil hub of
Coatzacoalcos had risen to 28, in the latest fatal accident to
befall the beleaguered company.
Read more
Samarco continues polluting after dam burst - Brazil prosecutor
RIO DE JANEIRO, April 22 (Reuters) - Samarco Mineração SA
has not adopted measures to stop the leaking of mine tailings as
required by a court after a deadly dam burst, a prosecutor said
on Friday, an allegation that could delay the miner's return to
operations.
Read more
has not adopted measures to stop the leaking of mine tailings as
required by a court after a deadly dam burst, a prosecutor said
on Friday, an allegation that could delay the miner's return to
operations.
Read more
Peru poverty rate fell at slower pace in 2015 as recovery stalled
LIMA, April 22 (Reuters) - Peru's poverty rate fell more
slowly in 2015 than in previous years, edging down a percentage
point to 21.8 percent as a recovery in the mining nation
stalled, government data showed on Friday.
Read more
slowly in 2015 than in previous years, edging down a percentage
point to 21.8 percent as a recovery in the mining nation
stalled, government data showed on Friday.
Read more
OFFICIAL CORRECTED-Mexichem declares force majeure on internal contract post blast - CEO
MEXICO CITY, April 22 (Reuters) - Mexichem has declared
force majeure on one internal contract in the wake of a blast at
a petrochemical plant that killed at least 24 people, the
company's Chief Executive Officer Antonio Carrillo said in an
interview on Friday.
Read more
force majeure on one internal contract in the wake of a blast at
a petrochemical plant that killed at least 24 people, the
company's Chief Executive Officer Antonio Carrillo said in an
interview on Friday.
Read more
Disgruntled investors flex vote muscle on UK executive pay
LONDON, April 22 (Reuters) - Change the way you pay or risk
losing your jobs, corporate governance watchdogs have warned the
boards of Britain's top companies, as investors call for a
reality check on salaries.
Read more
losing your jobs, corporate governance watchdogs have warned the
boards of Britain's top companies, as investors call for a
reality check on salaries.
Read more
UPDATE 2-GM to temporarily idle four North American auto plants
April 22 (Reuters) - General Motors said on Friday it
will close four North American plants, which primarily make cars
rather than SUVs or trucks, for two weeks because of a parts
shortage following the earthquake this month in Japan.
Read more
will close four North American plants, which primarily make cars
rather than SUVs or trucks, for two weeks because of a parts
shortage following the earthquake this month in Japan.
Read more
Congo signs landmark $200 mln deal to protect forests
DAKAR, April 22 (Thomson Reuters Foundation) -
T he Democratic Republic of Congo on Friday signed a landmark
$200 million deal with donors to tackle deforestation and reduce
carbon emissions as part of a wider plan to protect the tropical
forests of the Congo Basin.
Read more
T he Democratic Republic of Congo on Friday signed a landmark
$200 million deal with donors to tackle deforestation and reduce
carbon emissions as part of a wider plan to protect the tropical
forests of the Congo Basin.
Read more
Pakistan shares end higher; rupee steady, o/n rates rise
KARACHI, Pakistan, April 22 (Reuters) - Pakistan shares
ended higher on Friday, led by oil stocks on higher
international crude oil prices, even as investors booked profits
on cement stocks, analysts said.
Read more
ended higher on Friday, led by oil stocks on higher
international crude oil prices, even as investors booked profits
on cement stocks, analysts said.
Read more
China commodity exchanges crack down on speculation as rebar volumes soar
SHANGHAI, April 22 (Reuters) - China's commodity exchanges
are trying to cool their markets as benchmarks rallied rapidly
this week, with turnover of a single rebar contract on Thursday
worth nearly 50 percent more than the total value traded on the
Shanghai stock exchange.
Read more
are trying to cool their markets as benchmarks rallied rapidly
this week, with turnover of a single rebar contract on Thursday
worth nearly 50 percent more than the total value traded on the
Shanghai stock exchange.
Read more
China stocks post biggest weekly loss in 3 months
SHANGHAI, April 22 (Reuters) - China stocks edged up on
Friday, as strength in consumer and tech shares offset a slump
in resources plays, but major indexes posted their biggest
weekly decline in three months.
Read more
Friday, as strength in consumer and tech shares offset a slump
in resources plays, but major indexes posted their biggest
weekly decline in three months.
Read more
Thursday, April 21, 2016
China seizes biggest share of global exports in almost 50 years
SHANGHAI, April 22 (Reuters) - Chinese exporters have found
a silver lining in weak global demand by seizing market share
from their competitors - good news for China but an expansion
that is aggravating trade tensions.
Read more
a silver lining in weak global demand by seizing market share
from their competitors - good news for China but an expansion
that is aggravating trade tensions.
Read more
Cameco suspends production at its Rabbit Lake operations, cuts 500 jobs
April 21 (Reuters) - Canadian uranium producer Cameco Corp
said it is suspending production at its Rabbit Lake
operation in northern Saskatchewan, while also reducing
production across Cameco Resources' U.S. operations.
Read more
said it is suspending production at its Rabbit Lake
operation in northern Saskatchewan, while also reducing
production across Cameco Resources' U.S. operations.
Read more
UPDATE 1-AIA Group posts 44 pct rise in new business growth for Q1
April 21 (Reuters) - AIA Group Ltd, the world's
second-largest life insurer by market capitalisation, reported a
44 percent rise in the value of new business in the first
quarter, driven by surging demand to buy insurance in Hong Kong
and China.
Read more
second-largest life insurer by market capitalisation, reported a
44 percent rise in the value of new business in the first
quarter, driven by surging demand to buy insurance in Hong Kong
and China.
Read more
CalPERS says Anglo shareholders pass climate change reporting requirement
April 21 (Reuters) - California Public Employees' Retirement
System (Calpers) said its proposal for Anglo American Plc
to report on environmental risks associated with climate
change was passed at the miner's annual shareholders meeting.
Read more
System (Calpers) said its proposal for Anglo American Plc
to report on environmental risks associated with climate
change was passed at the miner's annual shareholders meeting.
Read more
Schlumberger profit nearly halves as oil spending cuts weigh
April 21 (Reuters) - Schlumberger Ltd, the world's
No.1 oilfield services provider, reported a 48.6 percent slump
in quarterly profit, as spending cuts by oil producers continued
to take a toll.
Read more
No.1 oilfield services provider, reported a 48.6 percent slump
in quarterly profit, as spending cuts by oil producers continued
to take a toll.
Read more
REFILE-UPDATE 1-All cars road tested by UK found to exceed lab emission limits
LONDON, April 21 (Reuters) - Britain said on Thursday all 37
diesel car models it had tested out on the road exceeded the
laboratory limits for polluting nitrogen oxides, but only
Volkswagen had used so-called defeat devices to
cheat tests.
Read more
diesel car models it had tested out on the road exceeded the
laboratory limits for polluting nitrogen oxides, but only
Volkswagen had used so-called defeat devices to
cheat tests.
Read more
CANADA STOCKS-TSX seesaws as financials weigh
TORONTO, April 21 (Reuters) - Canada's main stock seesawed
on Thursday as losses for financial sector stocks offset gains
for the materials group.
Read more
on Thursday as losses for financial sector stocks offset gains
for the materials group.
Read more
UPDATE 1-Anglo shareholders show unease at CEO pay deal
LONDON, April 21 (Reuters) - Anglo American will
launch a fresh review of executive pay after a significant
number of shareholders voted against Chief Executive Mark
Cutifani's 3.4 million-pound ($4.9 million) pay deal for 2015,
partial voting results showed on Thursday.
Read more
launch a fresh review of executive pay after a significant
number of shareholders voted against Chief Executive Mark
Cutifani's 3.4 million-pound ($4.9 million) pay deal for 2015,
partial voting results showed on Thursday.
Read more
UPDATE 2-Britain ready to take stake in Tata's UK steel assets as part of rescue deal
LONDON, April 21 (Reuters) - Britain said on Thursday it
could take an equity stake of up to 25 percent in Tata's
UK steel assets as part of a package of hundreds of
millions of pounds of financing to help support a potential
buyer.
Read more
could take an equity stake of up to 25 percent in Tata's
UK steel assets as part of a package of hundreds of
millions of pounds of financing to help support a potential
buyer.
Read more
UPDATE 2-Mexico's Cemex reports unexpected first-quarter profit
MONTERREY, Mexico, April 21 (Reuters) - Mexico's Cemex
reported an unexpected $35 million profit in the
first quarter of 2016, following a loss of $149 million in the
same period a year earlier, helped by increased sales in the
United States.
Read more
reported an unexpected $35 million profit in the
first quarter of 2016, following a loss of $149 million in the
same period a year earlier, helped by increased sales in the
United States.
Read more
UPDATE 1-At least 13 killed in blast at southeast Mexico petrochemical plant
MEXICO CITY, April 21 (Reuters) - At least 13 people were
killed in a blast at a major petrochemical plant of Mexican oil
company Pemex, its chief executive said on Thursday, in the
latest deadly accident to hit the oil producer.
Read more
killed in a blast at a major petrochemical plant of Mexican oil
company Pemex, its chief executive said on Thursday, in the
latest deadly accident to hit the oil producer.
Read more
RPT-COLUMN-Iron ore in bear market rally, likely to fade on fundamentals: Russell
LAUNCESTON, Australia, April 21 (Reuters) - - Is iron ore's
rapid move from one of the commodities with the gloomiest
outlook to a star performer justifiable and sustainable?
Read more
rapid move from one of the commodities with the gloomiest
outlook to a star performer justifiable and sustainable?
Read more
Britain says could take 25-pct equity stake in Tata Steel UK assets
LONDON, April 21 (Reuters) - Britain said on Thursday it
could take an equity stake of up to 25 percent in Tata's
UK steel assets or provide hundreds of millions of
pounds worth of debt financing to help support a potential
buyer.
Read more
could take an equity stake of up to 25 percent in Tata's
UK steel assets or provide hundreds of millions of
pounds worth of debt financing to help support a potential
buyer.
Read more
Mexico's Cemex reports 19 pct rise in 1st-qtr profit
April 21 (Reuters) - Mexico's Cemex, one of the
world's largest cement producers, reported a 19 percent rise in
first-quarter earnings to $358 million.
Read more
world's largest cement producers, reported a 19 percent rise in
first-quarter earnings to $358 million.
Read more
UPDATE 1-Safran sells Morpho Detection business to Smiths Group
PARIS, April 21 (Reuters) - France's Safran has
agreed to sell its U.S.-based Morpho Detection business and
related activities to UK engineering firm Smiths Group
for an enterprise value of $710 million, the companies said on
Thursday.
Read more
agreed to sell its U.S.-based Morpho Detection business and
related activities to UK engineering firm Smiths Group
for an enterprise value of $710 million, the companies said on
Thursday.
Read more
UPDATE 1-Anglo American's Q1 production falls at most units
April 21 (Reuters) - Global mining company Anglo American
Plc said first-quarter production at most of its units fell, or
remained flat, as it cut production, sold assets, and
reconfigured mines to cope with the slump in commodities prices.
Read more
Plc said first-quarter production at most of its units fell, or
remained flat, as it cut production, sold assets, and
reconfigured mines to cope with the slump in commodities prices.
Read more
Investors stay hungry for pricey Indonesian, Philippine stocks
SINGAPORE, April 21(Reuters) - Indonesia and the Philippines
are the two South East Asian stock markets benefiting most from
investors' return to emerging markets this year, with foreign
funds undeterred by them becoming the region's most expensive
markets.
Read more
are the two South East Asian stock markets benefiting most from
investors' return to emerging markets this year, with foreign
funds undeterred by them becoming the region's most expensive
markets.
Read more
China to strictly control credit for new coal, steel projects
BEIJING, April 21 (Reuters) - China will strictly control
credit available for new capacity additions in the steel and
coal sectors, both of which are suffering from price sapping
supply gluts, according to a government statement issued on
Thursday.
Read more
credit available for new capacity additions in the steel and
coal sectors, both of which are suffering from price sapping
supply gluts, according to a government statement issued on
Thursday.
Read more
Wednesday, April 20, 2016
Easy on the soap: mining firms pinch pennies as downturn bites
SYDNEY, April 21 (Reuters) - From trimming menus in staff
canteens to cutting back on soap and washing detergent at worker
camps, the global mining industry that once lavished perks on
employees is scrimping like never before as a brutal downturn
engulfs minerals markets.
Read more
canteens to cutting back on soap and washing detergent at worker
camps, the global mining industry that once lavished perks on
employees is scrimping like never before as a brutal downturn
engulfs minerals markets.
Read more
UPDATE 2-Gold miner Newmont's earnings beat market estimates
April 20 (Reuters) - Gold and copper miner Newmont Mining
Corp reported lower quarterly earnings on Wednesday but
they blew past analyst estimates due to higher copper sales from
its Indonesian operation and a strong performance from its
Australasian mines.
Read more
Corp reported lower quarterly earnings on Wednesday but
they blew past analyst estimates due to higher copper sales from
its Indonesian operation and a strong performance from its
Australasian mines.
Read more
CORRECTED-UPDATE 1-Gold miner Newmont first-quarter earnings beat market estimates
April 20 (Reuters) - Newmont Mining Corp reported
lower first-quarter earnings on Wednesday on the back of weaker
gold and copper prices, although the earnings beat analyst
estimates with help from higher production and lower costs.
Read more
lower first-quarter earnings on Wednesday on the back of weaker
gold and copper prices, although the earnings beat analyst
estimates with help from higher production and lower costs.
Read more
Newmont Mining first-quarter net earnings fall
April 20 (Reuters) - Newmont Mining Corp reported
lower first-quarter earnings on Wednesday on the back of weaker
average realized gold and copper prices.
Read more
lower first-quarter earnings on Wednesday on the back of weaker
average realized gold and copper prices.
Read more
Brazil energy minister to quit Rousseff gov't, return to Senate
SAO PAULO, April 20 (Reuters) - Brazilian Mines and Energy
Minister Eduardo Braga said on Wednesday he is leaving the post
to retake his seat in the Senate as the upper chamber of
Congress prepares to vote on the impeachment of President Dilma
Rousseff next month.
Read more
Minister Eduardo Braga said on Wednesday he is leaving the post
to retake his seat in the Senate as the upper chamber of
Congress prepares to vote on the impeachment of President Dilma
Rousseff next month.
Read more
UPDATE 1-Anglo American finance chief Medori to retire in 2017
April 20 (Reuters) - Global mining company Anglo American
Plc said Finance Director Rene Medori would retire in
2017 when he reaches the age of 60.
Read more
Plc said Finance Director Rene Medori would retire in
2017 when he reaches the age of 60.
Read more
Anglo American's finance chief Medori to retire in 2017
April 20 (Reuters) - Global mining company Anglo American
Plc said Finance Director Rene Medori would retire in
2017 when he reaches the age of 60.
Read more
Plc said Finance Director Rene Medori would retire in
2017 when he reaches the age of 60.
Read more
MIDEAST STOCKS-Saudi blue chips weigh on bourse; Egypt follows global stocks lower
DUBAI, April 20 (Reuters) - Most stock markets in the Gulf
fell slightly on Wednesday with Saudi Arabia's
telecommunications and food shares selling off after mixed
earnings, while Egypt followed global shares lower.
Read more
fell slightly on Wednesday with Saudi Arabia's
telecommunications and food shares selling off after mixed
earnings, while Egypt followed global shares lower.
Read more
Israel police arrest diamond dealer on suspicion of embezzlement
TEL AVIV, April 20 (Reuters) - Israeli police said on
Wednesday they had arrested a diamond dealer on suspicion of
embezzlement after a complaint was filed by members of the
Israel Diamond Exchange (IDE).
Read more
Wednesday they had arrested a diamond dealer on suspicion of
embezzlement after a complaint was filed by members of the
Israel Diamond Exchange (IDE).
Read more
Pakistan shares end lower; rupee strengthens, o/n rates unchanged
KARACHI, Pakistan, April 20 (Reuters) - Pakistan shares
ended lower on Wednesday, dragged down mainly due to
profit-taking in cement stocks, analysts said.
Read more
ended lower on Wednesday, dragged down mainly due to
profit-taking in cement stocks, analysts said.
Read more
Houston schools to reopen Wednesday but flood warnings not yet lifted
April 20 (Reuters) - Houston schools will reopen on
Wednesday after heavy rains and flooding killed at least six
people and forced the cancellation of classes for two days in
the country's fourth most populous city.
Read more
Wednesday after heavy rains and flooding killed at least six
people and forced the cancellation of classes for two days in
the country's fourth most populous city.
Read more
Tuesday, April 19, 2016
U.S., other countries call for urgent action on steel overcapacity
WASHINGTON, April 19 (Reuters) - The United States, Canada,
the European Union, Japan, Mexico, South Korea, Switzerland and
Turkey issued a statement on Tuesday calling for urgent action
to deal with global steel overcapacity, U.S. officials said.
Read more
the European Union, Japan, Mexico, South Korea, Switzerland and
Turkey issued a statement on Tuesday calling for urgent action
to deal with global steel overcapacity, U.S. officials said.
Read more
UPDATE 1-U.S., other countries call for urgent action on steel overcapacity
WASHINGTON, April 19 (Reuters) - The United States and seven
other countries on Tuesday called for urgent action to address
global steel overcapacity, a day after major steel producing
countries failed to agree on measures to tackle an industry
crisis.
Read more
other countries on Tuesday called for urgent action to address
global steel overcapacity, a day after major steel producing
countries failed to agree on measures to tackle an industry
crisis.
Read more
BHP Billiton weighs getting out of Indonesian coal
MELBOURNE, April 20 (Reuters) - BHP Billiton is considering
giving up its coal stakes in Indonesia, where it recently
started producing coal, amid uncertainty over Indonesian
regulations and a weak outlook for coal.
Read more
giving up its coal stakes in Indonesia, where it recently
started producing coal, amid uncertainty over Indonesian
regulations and a weak outlook for coal.
Read more
UPDATE 2-Randgold in Congo gold venture with Israel's Gertler, state miner
KINSHASA, April 19 (Reuters) - Randgold Resources
has entered a joint venture in Democratic Republic of Congo with
a company controlled by Israeli billionaire Dan Gertler and a
state miner, the company's chief executive said on Tuesday.
Read more
has entered a joint venture in Democratic Republic of Congo with
a company controlled by Israeli billionaire Dan Gertler and a
state miner, the company's chief executive said on Tuesday.
Read more
Brazil's most isolated indigenous tribes face "annihilation" - campaigners
RIO DE JANEIRO, April 19 (Thomson Reuters Foundation) -
I ndigenous tribes in Brazil's Amazon rainforest, who have had
little or no contact with the outside world, are facing
"annihilation" from illegal loggers, ranchers and miners who
want their land, a campaign group said on Tuesday.
Read more
I ndigenous tribes in Brazil's Amazon rainforest, who have had
little or no contact with the outside world, are facing
"annihilation" from illegal loggers, ranchers and miners who
want their land, a campaign group said on Tuesday.
Read more
Shareholders seen backing Barrick's say-on-pay vote this year
VANCOUVER, April 19 (Reuters) - Barrick Gold Corp
looks set next week to win shareholder approval for its
executive compensation, a reversal from last year when angry
investors voted against what they said was excessive pay, after
the miner's chairman forfeited his bonus.
Read more
looks set next week to win shareholder approval for its
executive compensation, a reversal from last year when angry
investors voted against what they said was excessive pay, after
the miner's chairman forfeited his bonus.
Read more
Randgold signs joint venture for gold project in Congo
KINSHASA, April 19 (Reuters) - Randgold Resources
has entered a joint venture in Democratic Republic of Congo with
a company controlled by Israeli billionaire Dan Gertler and a
state miner, the company announced in a statement on Tuesday.
Read more
has entered a joint venture in Democratic Republic of Congo with
a company controlled by Israeli billionaire Dan Gertler and a
state miner, the company announced in a statement on Tuesday.
Read more
RPT-South Africa to iron out differences with mining firms in draft empowerment review
CAPE TOWN, April 19 (Reuters) - South Africa's government
will talk with mining firms to overcome differences in a new
proposed Mining Charter that requires the companies to keep
black ownership at 26 percent, the mining minister said on
Tuesday.
Read more
will talk with mining firms to overcome differences in a new
proposed Mining Charter that requires the companies to keep
black ownership at 26 percent, the mining minister said on
Tuesday.
Read more
Activists lobby EU about logging in Poland's ancient forest
WARSAW, April 19 (Reuters) - Poland's plans to increase
logging in the Bialowieza Forest could breach European Union law
because it would some of its destroy natural habitats,
campaigners lobbying the European Commission for action said on
Tuesday.
Read more
logging in the Bialowieza Forest could breach European Union law
because it would some of its destroy natural habitats,
campaigners lobbying the European Commission for action said on
Tuesday.
Read more
MIDEAST STOCKS-Saudi earnings, oil boost Gulf, Egypt breaks chart barrier
DUBAI, April 19 (Reuters) - Gulf stock markets rose on
Tuesday as several Saudi companies beat first-quarter earnings
estimates and oil prices held up better than feared after the
failure of Sunday's Doha meeting to agree on an output freeze.
Read more
Tuesday as several Saudi companies beat first-quarter earnings
estimates and oil prices held up better than feared after the
failure of Sunday's Doha meeting to agree on an output freeze.
Read more
CANADA STOCKS-TSX rises with miners as commodity prices rally
TORONTO, April 19 (Reuters) - Canada's main stock index rose
on Tuesday as gold miners and other materials stocks gained on
higher commodity prices, while Rogers Communications weighed
after posting a smaller profit.
Read more
on Tuesday as gold miners and other materials stocks gained on
higher commodity prices, while Rogers Communications weighed
after posting a smaller profit.
Read more
Pakistan shares edge lower; rupee steady, o/n rates rise
KARACHI, Pakistan, April 19 (Reuters) - Pakistan shares fell
on Tuesday as losses in cement sector stocks outweighed a rally
in oil stocks following higher international crude oil prices,
analysts said.
Read more
on Tuesday as losses in cement sector stocks outweighed a rally
in oil stocks following higher international crude oil prices,
analysts said.
Read more
RPT-COLUMN-Mining M&A still waiting for the good times to roll: Russell
LAUNCESTON, Australia, April 19 (Reuters) - Wanted: One
mine, just started or close to production, preferably gold, must
be in secure country with high-quality ore body and low costs.
Also, must be cheap.
Read more
mine, just started or close to production, preferably gold, must
be in secure country with high-quality ore body and low costs.
Also, must be cheap.
Read more
Russian PM orders state firms to spend 50 pct of profits on dividends
MOSCOW, April 19 (Reuters) - Russian Prime Minister Dmitry
Medvedev on Tuesday ordered state companies to spend 50 percent
of their profits on dividend payouts in 2016, according to a
document published on the government website.
Read more
Medvedev on Tuesday ordered state companies to spend 50 percent
of their profits on dividend payouts in 2016, according to a
document published on the government website.
Read more
Japanese, German submarine bidders step up lobbying for Australia tender
SYDNEY/TOKYO April 19 (Reuters) - Japan's advanced attack
Soryu submarine carried out drills with Australia's navy on
Tuesday as a German company launched a campaign to advertise its
expertise - as a race for a A$50 billion contract to build
Australia's next submarine fleet neared a climax.
Read more
Soryu submarine carried out drills with Australia's navy on
Tuesday as a German company launched a campaign to advertise its
expertise - as a race for a A$50 billion contract to build
Australia's next submarine fleet neared a climax.
Read more
UPDATE 1-China launches yuan gold fix to boost power in global bullion market
SINGAPORE/SHANGHAI, April 19 (Reuters) - Top consumer China
launched a yuan-denominated gold benchmark on Tuesday, as the
country took an ambitious step to exert more control over the
pricing of the metal and boost its influence in the global
bullion market.
Read more
launched a yuan-denominated gold benchmark on Tuesday, as the
country took an ambitious step to exert more control over the
pricing of the metal and boost its influence in the global
bullion market.
Read more
Platinum producer Lonmin appoints new CFO
April 19 (Reuters) - South Africa-focused platinum producer
Lonmin said it appointed Barrie van der Merwe as its
chief financial officer with effect from May 17.
Read more
Lonmin said it appointed Barrie van der Merwe as its
chief financial officer with effect from May 17.
Read more
Monday, April 18, 2016
COLUMN-Mining M&A still waiting for the good times to roll: Russell
LAUNCESTON, Australia, April 19 (Reuters) - Wanted: One
mine, just started or close to production, preferably gold, must
be in secure country with high-quality ore body and low costs.
Also, must be cheap.
Read more
mine, just started or close to production, preferably gold, must
be in secure country with high-quality ore body and low costs.
Also, must be cheap.
Read more
China launches yuan gold fix to boost power in global bullion market
SINGAPORE/SHANGHAI, April 19 (Reuters) - The world's top
gold consumer China launched a yuan-denominated gold benchmark
on Tuesday, as the country took an ambitious step to exert more
control over the pricing of the metal and boost its influence in
the global bullion market.
Read more
gold consumer China launched a yuan-denominated gold benchmark
on Tuesday, as the country took an ambitious step to exert more
control over the pricing of the metal and boost its influence in
the global bullion market.
Read more
China stills sees large potential domestic growth for steel demand
BEIJING, April 19 (Reuters) - China still sees a large
potential for growth in domestic demand for steel, the country's
commerce ministry said on Tuesday.
Read more
potential for growth in domestic demand for steel, the country's
commerce ministry said on Tuesday.
Read more
Australia shares rally on commodities, NZ hits yet another record high
SYDNEY/WELLINGTON, April 19 (Reuters) - Australian shares
climbed to a 3-1/2-month high on Tuesday, while New Zealand
stocks reached another record after a sudden reversal higher in
oil prices whetted appetite for risk assets from equities to
commodity currencies.
Read more
climbed to a 3-1/2-month high on Tuesday, while New Zealand
stocks reached another record after a sudden reversal higher in
oil prices whetted appetite for risk assets from equities to
commodity currencies.
Read more
Australia stocks seen rallying, NZ shares hover near record high
SYDNEY, April 19 (Reuters) - Australian shares are set to
gain on Tuesday, tracking a rise on Wall Street, with rising
commodity prices likely to support natural resource stocks.
Global mining giant BHP Billiton is expected to
open 3.2 percent higher based on the closing of its U.S. ADRs,
while investors digested Rio Tinto's production report
released earlier in the session.
Local share price index futures rose 1 percent to
5,182.0, which was a 44.9-point premium to the close of the
unde
Read more
gain on Tuesday, tracking a rise on Wall Street, with rising
commodity prices likely to support natural resource stocks.
Global mining giant BHP Billiton is expected to
open 3.2 percent higher based on the closing of its U.S. ADRs,
while investors digested Rio Tinto's production report
released earlier in the session.
Local share price index futures rose 1 percent to
5,182.0, which was a 44.9-point premium to the close of the
unde
Read more
UPDATE 2-U.S. steelworkers union petitions against aluminum imports
NEW YORK, April 18 (Reuters) - The United Steelworkers said
on Monday it has filed a complaint with U.S. regulators seeking
to stem what it called a "flood" of aluminum imports that have
damaged U.S. producers and threatened jobs.
Read more
on Monday it has filed a complaint with U.S. regulators seeking
to stem what it called a "flood" of aluminum imports that have
damaged U.S. producers and threatened jobs.
Read more
China must act on steel overcapacity or face trade actions -U.S. officials
WASHINGTON, April 18 (Reuters) - China must take "timely and
concrete actions" to reduce excess production and capacity in
its steel industry or face possible trade action from other
countries, U.S. officials said on Monday.
Read more
concrete actions" to reduce excess production and capacity in
its steel industry or face possible trade action from other
countries, U.S. officials said on Monday.
Read more
China, major producers fail to reach deal over steel
BRUSSELS, April 18 (Reuters) - China and other major
steel-producing countries failed on Monday to agree measures to
tackle a global steel crisis as the sides argued over the causes
of overcapacity and whether Beijing is keeping loss-making
producers afloat.
Read more
steel-producing countries failed on Monday to agree measures to
tackle a global steel crisis as the sides argued over the causes
of overcapacity and whether Beijing is keeping loss-making
producers afloat.
Read more
EU's Bienkowska calls for flexibility on state aid for steel
FRANKFURT, April 18 (Reuters) - The European Union should
consider allowing members to subsidise their steel industries,
which are suffering from a collapse in prices and carbon
regulation, European Commissioner Elzbieta Bienkowska told the
Frankfurter Allgemeine Zeitung.
Read more
consider allowing members to subsidise their steel industries,
which are suffering from a collapse in prices and carbon
regulation, European Commissioner Elzbieta Bienkowska told the
Frankfurter Allgemeine Zeitung.
Read more
REFILE-UPDATE 2-Vattenfall sells German lignite assets to Czech EPH
STOCKHOLM/PRAGUE, April 18 (Reuters) - Czech investor EPH
has agreed to buy the loss-making lignite coal mines and
associated power plants in Germany from state-owned Swedish
utility Vattenfall as it bets on a recovery in
European power prices.
Read more
has agreed to buy the loss-making lignite coal mines and
associated power plants in Germany from state-owned Swedish
utility Vattenfall as it bets on a recovery in
European power prices.
Read more
Chile's Codelco says El Teniente mine still shut due to rains
SANTIAGO, April 18 (Reuters) - Chilean state-owned miner
Codelco said on Monday that operations at its El Teniente copper
mine would likely be suspended until Thursday because of
torrential rains over the weekend that triggered landslides and
caused rivers to breach their banks.
Read more
Codelco said on Monday that operations at its El Teniente copper
mine would likely be suspended until Thursday because of
torrential rains over the weekend that triggered landslides and
caused rivers to breach their banks.
Read more
MIDEAST STOCKS-Gulf ends firm despite Doha talks' failure; Egypt surges
DUBAI, April 18 (Reuters) - Major stock markets in the Gulf
rebounded in late trade on Monday to close higher despite the
collapse of oil producers' talks in Doha, while Egypt's bourse
surged to a six-month closing high.
Read more
rebounded in late trade on Monday to close higher despite the
collapse of oil producers' talks in Doha, while Egypt's bourse
surged to a six-month closing high.
Read more
GoGold says worker killed in accident at Mexico project
April 18 (Reuters) - GoGold Resources Inc said a
worker employed by a contractor died on Friday in an accident at
its Parral tailings project in Mexico.
Read more
worker employed by a contractor died on Friday in an accident at
its Parral tailings project in Mexico.
Read more
RPT-UPDATE 1-Georgia detains six it says were trying to sell uranium
TBILISI, April 18 (Reuters) - Georgia's security service
said on Monday it had detained six Georgian and Armenian
citizens who were trying to sell $200 million worth of
uranium-238.
Read more
said on Monday it had detained six Georgian and Armenian
citizens who were trying to sell $200 million worth of
uranium-238.
Read more
Pakistan shares edge lower; rupee weakens, o/n rates fall
KARACHI, Pakistan, April 18 (Reuters) - Pakistan shares
edged lower on Monday, with oil stocks dragging the index down
after a producers' meeting in Doha aimed at capping global oil
output failed, analysts said.
Read more
edged lower on Monday, with oil stocks dragging the index down
after a producers' meeting in Doha aimed at capping global oil
output failed, analysts said.
Read more
UPDATE 1-Lazy to blame China for global steel woes -Xinhua commentary
BEIJING, April 18 (Reuters) - Blaming China for woes in the
global steel industry is simply a lazy excuse for protectionism,
and such finger-pointing will be counter-productive, China's
official Xinhua news agency said in a commentary on Monday.
Read more
global steel industry is simply a lazy excuse for protectionism,
and such finger-pointing will be counter-productive, China's
official Xinhua news agency said in a commentary on Monday.
Read more
Lazy to blame China for global steel woes -Xinhua commentary
BEIJING, April 18 (Reuters) - Blaming China for woes in the
global steel industry is simply a lazy excuse for protectionism,
and such finger-pointing will be counter-productive, China's
official Xinhua news agency said in a commentary on Monday.
Read more
global steel industry is simply a lazy excuse for protectionism,
and such finger-pointing will be counter-productive, China's
official Xinhua news agency said in a commentary on Monday.
Read more
BHP CEO Mackenzie says Brexit would lead to lost decade of damaging uncertainty
LONDON, April 18 (Reuters) - BHP Billiton
Chief Executive Andrew Mackenzie said on Monday that businesses
could face a decade of damaging uncertainty if Britain voted to
leave the European Union in a June 23 referendum.
Read more
Chief Executive Andrew Mackenzie said on Monday that businesses
could face a decade of damaging uncertainty if Britain voted to
leave the European Union in a June 23 referendum.
Read more
Australia accelerates naval shipbuilding program to secure jobs
SYDNEY, April 18 (Reuters) - Australia will speed up plans
to build more naval vessels in domestic shipyards, Prime
Minister Malcolm Turnbull said on Monday, making an announcement
that could find favour with voters just weeks ahead of a likely
federal election.
Read more
to build more naval vessels in domestic shipyards, Prime
Minister Malcolm Turnbull said on Monday, making an announcement
that could find favour with voters just weeks ahead of a likely
federal election.
Read more
Sunday, April 17, 2016
INSIGHT-How a boardroom feud left Brazilian steel giant on the brink
CUBATAO, Brazil, April 18 (Reuters) - On a warm September
morning in 2014, the 10-man board of Brazilian steelmaker
Usiminas met on the ninth floor of a blue glass tower in Sao
Paulo.
Read more
morning in 2014, the 10-man board of Brazilian steelmaker
Usiminas met on the ninth floor of a blue glass tower in Sao
Paulo.
Read more
Tokyo Steel hikes product prices on international pick-up
TOKYO, April 18 (Reuters) - Tokyo Steel Manufacturing
, Japan's top electric arc furnace steelmaker, will
raise the price of its products for May delivery by up to 16
percent in its first across-the-board price hike in more than
two years, reflecting a recovery in international markets.
Read more
, Japan's top electric arc furnace steelmaker, will
raise the price of its products for May delivery by up to 16
percent in its first across-the-board price hike in more than
two years, reflecting a recovery in international markets.
Read more
Expansion an elusive dream for Indian industry
April 18 (Reuters) - Expansion is a distant dream for many
Indian manufacturers as they grapple with under-utilised
factories and towering debts, putting pressure on Prime Minister
Narenda Modi to count on government spending instead of private
investment to boost Asia's third-biggest economy.
Read more
Indian manufacturers as they grapple with under-utilised
factories and towering debts, putting pressure on Prime Minister
Narenda Modi to count on government spending instead of private
investment to boost Asia's third-biggest economy.
Read more
CORRECTED-Heavy rains in central Chile affect millions, hit copper output
SANTIAGO, April 17 (Reuters) - Heavy rains battering central
Chile have left an estimated 4 million people without drinking
water as landslides wreaked havoc and rivers breached their
banks, leaving at least one person dead and closing the world's
largest underground copper mine.
Read more
Chile have left an estimated 4 million people without drinking
water as landslides wreaked havoc and rivers breached their
banks, leaving at least one person dead and closing the world's
largest underground copper mine.
Read more
MIDEAST STOCKS-Saudi pulls back as Doha deal in doubt; Egypt gains
DUBAI, April 17 (Reuters) - Uncertainty at talks among oil
producers in Doha dampened Gulf stock markets on Sunday, with
Saudi Arabia pulling back after a 4 percent jump last week.
Egypt edged up as local investors returned to buy shares.
Read more
producers in Doha dampened Gulf stock markets on Sunday, with
Saudi Arabia pulling back after a 4 percent jump last week.
Egypt edged up as local investors returned to buy shares.
Read more
Saturday, April 16, 2016
China wants laid-off coal, steel workers retrained, relocated or retired early
SHANGHAI, April 16 (Reuters) - China wants the millions of
coal and steel workers expected to be laid off in the next few
years to be retrained, relocated or retired early as it tries to
limit unrest while it tries to combat structural problems in its
industrial sector.
Read more
coal and steel workers expected to be laid off in the next few
years to be retrained, relocated or retired early as it tries to
limit unrest while it tries to combat structural problems in its
industrial sector.
Read more
UPDATE 1-Russian finmin: State firms should keep paying half of profit as dividend
MOSCOW, April 16 (Reuters) - State-controlled Russian
companies should keep paying at least half of their annual
profit in dividends in 2017-2019, news agencies quoted finance
minister Anton Siluanov as saying on Saturday.
Read more
companies should keep paying at least half of their annual
profit in dividends in 2017-2019, news agencies quoted finance
minister Anton Siluanov as saying on Saturday.
Read more
Friday, April 15, 2016
UPDATE 1-Indian steel policy draws Japanese-led criticism at WTO
GENEVA, April 15 (Reuters) - India's decision to put minimum
prices on imported iron and steel and to impose emergency
"safeguard" tariffs on some steel imports drew wide criticism at
a meeting of the World Trade Organization's Goods Council on
Friday, a WTO official said.
Read more
prices on imported iron and steel and to impose emergency
"safeguard" tariffs on some steel imports drew wide criticism at
a meeting of the World Trade Organization's Goods Council on
Friday, a WTO official said.
Read more
UPDATE 1-Russian security service says gets data on tax violations in searches of Onexim
MOSCOW, April 15 (Reuters) - Russia's Federal Security
Service has obtained data on tax law violations at some firms
after searching the Moscow office of Onexim Group, which manages
assets of tycoon Mikhail Prokhorov, the service said in a
statement on Friday.
Read more
Service has obtained data on tax law violations at some firms
after searching the Moscow office of Onexim Group, which manages
assets of tycoon Mikhail Prokhorov, the service said in a
statement on Friday.
Read more
Indian steel policy draws U.S., Japanese-led criticism at WTO
GENEVA, April 15 (Reuters) - India's decision to put minimum
prices on imported iron and steel and to impose emergency
"safeguard" tariffs on some steel imports drew wide criticism at
a meeting of the World Trade Organization's Goods Council on
Friday, a WTO official said.
Read more
prices on imported iron and steel and to impose emergency
"safeguard" tariffs on some steel imports drew wide criticism at
a meeting of the World Trade Organization's Goods Council on
Friday, a WTO official said.
Read more
Mexico mining chief favors tax help for cash-strapped miners
MEXICO CITY, April 15 (Reuters) - Mexico's top mining
official says he backs the industry's push for tax legislation
that would save hundreds of millions of dollars a year in
exploration costs, though they have yet to win over the
country's powerful finance ministry.
Read more
official says he backs the industry's push for tax legislation
that would save hundreds of millions of dollars a year in
exploration costs, though they have yet to win over the
country's powerful finance ministry.
Read more
Despite pay revolt, BP shareholders sticking with Dudley
LONDON, April 15 (Reuters) - The future of Bob Dudley at the
head of BP seems untarnished by shareholders' unusual
rejection of his pay package as 99.6 percent of them also backed
his re-appointment and trust him to lead the company through a
period of weak oil prices.
Read more
head of BP seems untarnished by shareholders' unusual
rejection of his pay package as 99.6 percent of them also backed
his re-appointment and trust him to lead the company through a
period of weak oil prices.
Read more
UPDATE 1-ISS advises investors to oppose Anglo American executive pay report
April 15 (Reuters) - A leading investor advisory firm has
urged shareholders to reject the remuneration report for Anglo
American's executives at the company's annual meeting
next week, saying it was too generous given the miner's share
price collapse.
Read more
urged shareholders to reject the remuneration report for Anglo
American's executives at the company's annual meeting
next week, saying it was too generous given the miner's share
price collapse.
Read more
Pakistan shares end flat; rupee steady, o/n rates rise
KARACHI, April 15 (Reuters) - Pakistan shares ended flat in
a volatile session on Friday largely due to profit-taking in oil
and cement stocks, dealers said.
Read more
a volatile session on Friday largely due to profit-taking in oil
and cement stocks, dealers said.
Read more
RPT-COLUMN-China scrapping steel export subsidies is a little and big deal: Russell
SINGAPORE, April 15 (Reuters) - - China's move to scrap
export subsidies on a range of products, most notably steel,
means very little and is quite significant.
Read more
export subsidies on a range of products, most notably steel,
means very little and is quite significant.
Read more
Saudi's Yasref refinery gets $4.7 bln international loan
DUBAI, April 15 (Reuters) - An oil refining joint venture
between national oil firm Saudi Aramco and China's
Sinopec has obtained a $4.7 billion syndicated loan
to refinance shareholder funds used for its construction, the
venture said on Friday.
Read more
between national oil firm Saudi Aramco and China's
Sinopec has obtained a $4.7 billion syndicated loan
to refinance shareholder funds used for its construction, the
venture said on Friday.
Read more
Kremlin says no political agenda behind search of tycoon's offices
MOSCOW, April 15 (Reuters) - The Kremlin said it had nothing
to do with law enforcement searches of the offices of Russian
tycoon Mikhail Prokhorov and that there was no connection
between the searches and articles published by the RBC media
group which Prokhorov controls.
Read more
to do with law enforcement searches of the offices of Russian
tycoon Mikhail Prokhorov and that there was no connection
between the searches and articles published by the RBC media
group which Prokhorov controls.
Read more
European car sales rise 5.7 pct in March but VW brand dips
LONDON, April 15 (Reuters) - European new car sales rose 5.7
percent last month, industry data showed on Friday, despite a
fall in sales for Volkswagen's core brand and fewer
trading days in March due to Easter.
Read more
percent last month, industry data showed on Friday, despite a
fall in sales for Volkswagen's core brand and fewer
trading days in March due to Easter.
Read more
Thursday, April 14, 2016
COLUMN-China scrapping steel export subsidies is a little and big deal: Russell
SINGAPORE, April 15 (Reuters) - - China's move to scrap
export subsidies on a range of products, most notably steel,
means very little and is quite significant.
Read more
export subsidies on a range of products, most notably steel,
means very little and is quite significant.
Read more
China March crude steel output rises 3 pct on year -stats bureau
SHANGHAI, April 15 (Reuters) - China produced 70.65 million
tonnes of crude steel in March, up 2.9 percent from a year ago,
government data showed on Friday, as a rally in steel prices and
a seasonal pick-up in demand encouraged steel mills to boost
production.
Read more
tonnes of crude steel in March, up 2.9 percent from a year ago,
government data showed on Friday, as a rally in steel prices and
a seasonal pick-up in demand encouraged steel mills to boost
production.
Read more
RPT-COLUMN-Why the LME is zeroing in on warehouse load-out charges (again): Andy Home
LONDON, April 14 (Reuters) - A huge amount of aluminium is
heading for the exit door on the London Metal Exchange (LME).
Read more
heading for the exit door on the London Metal Exchange (LME).
Read more
China March coal output dips 4.5 pct on year - stats bureau
BEIJING, April 15 (Reuters) - China produced 294 million
tonnes of coal in March, down 4.5 percent on last year, the
National Bureau of Statistics said on Friday.
Read more
tonnes of coal in March, down 4.5 percent on last year, the
National Bureau of Statistics said on Friday.
Read more
China deal may trigger knee-jerk metal sales, but little long-term impact
NEW YORK, April 14 (Reuters) - China's bold deal to ditch
its disputed export tax rebates on some niche aluminum and steel
products could flood the saturated global market, as producers
scramble to sell excess metal ahead of the changes, prolonging
the industry's pain, traders said.
Read more
its disputed export tax rebates on some niche aluminum and steel
products could flood the saturated global market, as producers
scramble to sell excess metal ahead of the changes, prolonging
the industry's pain, traders said.
Read more
Venezuela says $1.4 bln Crystallex award 'unfair'
CARACAS, April 14 (Reuters) - Venezuela said on Thursday
that a $1.4 billion award to Canada's Crystallex International
Corp for the expropriation of a mining project was "unfair and
disproportionate."
Read more
that a $1.4 billion award to Canada's Crystallex International
Corp for the expropriation of a mining project was "unfair and
disproportionate."
Read more
Senate committee approves authorization for U.S. commodities regulator
WASHINGTON, April 14 (Reuters) - The U.S. Senate Agriculture
Committee on Thursday approved a reauthorization of the
Commodity Futures Trading Commission, nearly three years after
the legislative authority for the country's commodities and
swaps regulator expired.
Read more
Committee on Thursday approved a reauthorization of the
Commodity Futures Trading Commission, nearly three years after
the legislative authority for the country's commodities and
swaps regulator expired.
Read more
Deutsche Bank settles U.S. gold, silver price-fixing litigation
April 14 (Reuters) - Deutsche Bank AG agreed to
settle U.S. lawsuits accusing it of conspiring with other banks
to manipulate gold and silver prices at investors' expense,
court papers show.
Read more
settle U.S. lawsuits accusing it of conspiring with other banks
to manipulate gold and silver prices at investors' expense,
court papers show.
Read more
UPDATE 4-Russia law enforcement searches office of tycoon Prokhorov
* Search tied to tax evasion probe: Russian media
(Changes attribution in first paragraph, adds analyst)
Read more
(Changes attribution in first paragraph, adds analyst)
Read more
UPDATE 1-Ostracised SAfrican firm Oakbay says bank has refused to meet
* Finalises $1.45 million Optimum Coal deal
(Adds further comments from Oakbay's CEO, details)
Read more
(Adds further comments from Oakbay's CEO, details)
Read more
MIDEAST STOCKS-Gulf rises after strong earnings, foreigners buy Egypt
DUBAI, April 14 (Reuters) - Gulf stock markets rose on
Thursday after strong corporate earnings in Saudi Arabia and
Oman, while Egypt climbed moderately as foreign investors
accumulated shares.
Read more
Thursday after strong corporate earnings in Saudi Arabia and
Oman, while Egypt climbed moderately as foreign investors
accumulated shares.
Read more
Oakbay CEO says South African bank tells Gupta-owned firm: "no reason to meet"
JOHANNESBURG, April 14 (Reuters) - The chief executive of
South Africa's Oakbay Investments said on Thursday one of the
four banks he had approached to restore ties with the
Gupta-owned company had declined to set up a meeting, saying it
saw "no reason to meet".
Read more
South Africa's Oakbay Investments said on Thursday one of the
four banks he had approached to restore ties with the
Gupta-owned company had declined to set up a meeting, saying it
saw "no reason to meet".
Read more
COLUMN-Why the LME is zeroing in on warehouse load-out charges (again): Andy Home
LONDON, April 14 (Reuters) - A huge amount of aluminium is
heading for the exit door on the London Metal Exchange (LME).
Read more
heading for the exit door on the London Metal Exchange (LME).
Read more
UPDATE 1-U.S. says China to end export subsidies to steel, other sectors
WASHINGTON, April 14 (Reuters) - China has agreed to scrap
controversial export subsidies on a range of products from steel
and aluminum to agriculture and textiles, the U.S. Trade
Representative said on Thursday.
Read more
controversial export subsidies on a range of products from steel
and aluminum to agriculture and textiles, the U.S. Trade
Representative said on Thursday.
Read more
UPDATE 1-Finland's TVO seeks licence for delayed nuclear plant
HELSINKI, April 14 (Reuters) - Finland's Teollisuuden Voima
(TVO) applied for an operating licence for the Olkiluoto 3
nuclear reactor on Thursday, taking aim at a 2018 start-up, nine
years later than planned.
Read more
(TVO) applied for an operating licence for the Olkiluoto 3
nuclear reactor on Thursday, taking aim at a 2018 start-up, nine
years later than planned.
Read more
Finland's TVO applies for delayed Olkiluoto nuclear plant licence
HELSINKI, April 14 (Reuters) - Finnish utility Teollisuuden
Voima (TVO) has applied for an operating licence for its
much-delayed Olkiluoto 3 nuclear reactor, saying it is on track
to start production in late 2018.
Read more
Voima (TVO) has applied for an operating licence for its
much-delayed Olkiluoto 3 nuclear reactor, saying it is on track
to start production in late 2018.
Read more
Trump's jobs homecoming a long shot even in manufacturing hot spots
JACKSONVILLE, Fla, April 14 (Reuters) - When U.S.
manufacturing employment peaked, Jimmy Carter was president,
inflation was 11 percent, and craftsmen at Frontier Contact
Lenses made the company's products one at a time on
diamond-tipped lathes.
Read more
manufacturing employment peaked, Jimmy Carter was president,
inflation was 11 percent, and craftsmen at Frontier Contact
Lenses made the company's products one at a time on
diamond-tipped lathes.
Read more
Wednesday, April 13, 2016
CANADA STOCKS-TSX hits 5-month high; banks, industrials lead gains
TORONTO, April 13 (Reuters) - Canada's main stock index on
Wednesday notched its highest close since November as financial
and industrial shares rallied on surprisingly upbeat China trade
data and unexpectedly strong earnings from U.S. bank JPMorgan.
Read more
Wednesday notched its highest close since November as financial
and industrial shares rallied on surprisingly upbeat China trade
data and unexpectedly strong earnings from U.S. bank JPMorgan.
Read more
Miners, banks rally push European shares to one-month high
* Italy banks help sector index to best day in 4 years
(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). Adds details, closing prices)
Read more
(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). Adds details, closing prices)
Read more
UPDATE 1-Anglo's Australian coal assets interest rivals, private equity -sources
LONDON, April 13 (Reuters) - Mining companies and private
equity firms are circling Anglo American's metallurgical
coal assets in Australia, which could be valued at around $1.5
billion in a sale, several sources familiar with the matter said
on Wednesday.
Read more
equity firms are circling Anglo American's metallurgical
coal assets in Australia, which could be valued at around $1.5
billion in a sale, several sources familiar with the matter said
on Wednesday.
Read more
UPDATE 1-Pimco 'BOND' ETF flows stagnating as asset class grows
NEW YORK, April 13 (Reuters) - One of the most popular
actively managed ETFs, the Pimco Total Return Active
Exchange-Traded Fund, has seen its assets stagnate as
investors have gravitated toward rival funds and lower-cost
passive bond ETFs, Morningstar data show.
Read more
actively managed ETFs, the Pimco Total Return Active
Exchange-Traded Fund, has seen its assets stagnate as
investors have gravitated toward rival funds and lower-cost
passive bond ETFs, Morningstar data show.
Read more
Union leader says Kuwait oil and gas workers strike on course for Sunday
KUWAIT, April 13 (Reuters) - A Kuwaiti labour union leader
said on Wednesday plans for a strike by thousands of workers at
state-owned oil, gas and petrochemical companies starting next
week were in place, denying reports that negotiations were under
way.
Read more
said on Wednesday plans for a strike by thousands of workers at
state-owned oil, gas and petrochemical companies starting next
week were in place, denying reports that negotiations were under
way.
Read more
Zambia parliament to consider reducing copper mineral royalties to 4-6 percent
LUSAKA, April 13 (Reuters) - Zambia's parliament will later
on Wednesday debate the amended mines bill which proposes to
reduce copper mineral royalties to a variable tax of between 4
to 6 percent, depending on the price of the metal.
Read more
on Wednesday debate the amended mines bill which proposes to
reduce copper mineral royalties to a variable tax of between 4
to 6 percent, depending on the price of the metal.
Read more
UPDATE 1-Tata, Thyssen in talks on Europe steel joint venture -report
* Issue not arisen - Thyssenkrupp supervisory board member
(Adds comments from Thyssenkrupp works council chief, Tata
Steel, Thyssenkrupp letter to staff)
Read more
(Adds comments from Thyssenkrupp works council chief, Tata
Steel, Thyssenkrupp letter to staff)
Read more
UPDATE 1-Russia's Polyus Gold may sell 5 pct of shares to increase free float
MOSCOW, April 13 (Reuters) - Polyus Gold, Russia's
largest gold producer, may sell at least 5 percent of its shares
in private deals or in a public placement in Moscow this year to
increase its free float, it said on Wednesday.
Read more
largest gold producer, may sell at least 5 percent of its shares
in private deals or in a public placement in Moscow this year to
increase its free float, it said on Wednesday.
Read more
Brazil M&A deals tougher to close amid economic and political turmoil
By Guillermo Parra-Bernal and Tatiana Bautzer
SAO PAULO, April 13 (Reuters) - Brazil's harshest recession
in decades and deepening political turmoil are preventing buyers
and sellers from finalizing dozens of mergers and acquisitions
amid wide disagreements over valuations, according to
dealmakers.
Mergers in Latin America's biggest economy got off to their
worst start in more than a decade in the first quarter as
buyers, wary of growing economic imbalances and fallout from a
corruption
Read more
SAO PAULO, April 13 (Reuters) - Brazil's harshest recession
in decades and deepening political turmoil are preventing buyers
and sellers from finalizing dozens of mergers and acquisitions
amid wide disagreements over valuations, according to
dealmakers.
Mergers in Latin America's biggest economy got off to their
worst start in more than a decade in the first quarter as
buyers, wary of growing economic imbalances and fallout from a
corruption
Read more
EU threatens more action against cheap Chinese steel -Juncker
STRASBOURG, April 13 (Reuters) - The European Union is ready
to take further action if necessary to counter steel dumping by
China, European Commission President Jean-Claude Juncker said on
Wednesday, as 10,000 jobs hung in the balance in the sector in
Britain.
Read more
to take further action if necessary to counter steel dumping by
China, European Commission President Jean-Claude Juncker said on
Wednesday, as 10,000 jobs hung in the balance in the sector in
Britain.
Read more
UPDATE 2-Peabody, world's top private coal miner, files for bankruptcy
April 13 (Reuters) - Peabody Energy Corp, the
world's largest privately owned coal producer, filed for U.S.
bankruptcy protection on Wednesday in the wake of a sharp fall
in coal prices that left it unable to service a recent
debt-fueled expansion into Australia.
Read more
world's largest privately owned coal producer, filed for U.S.
bankruptcy protection on Wednesday in the wake of a sharp fall
in coal prices that left it unable to service a recent
debt-fueled expansion into Australia.
Read more
Russia's Polyus Gold plans gradual free float increase -paper
MOSCOW, April 13 (Reuters) - Polyus Gold, Russia's
largest gold producer, may place at least 5 percent of its
shares in Moscow in the next few months to comply with listing
rules, Vedomosti newspaper reported on Wednesday.
Read more
largest gold producer, may place at least 5 percent of its
shares in Moscow in the next few months to comply with listing
rules, Vedomosti newspaper reported on Wednesday.
Read more
Peabody, world's top private coal miner, files for bankruptcy
April 13 (Reuters) - Peabody Energy Corp, the
world's largest privately owned coal producer, filed for U.S.
bankruptcy protection on Wednesday in the wake of a sharp fall
in coal prices that left it unable to service a recent
debt-fueled expansion into Australia.
Read more
world's largest privately owned coal producer, filed for U.S.
bankruptcy protection on Wednesday in the wake of a sharp fall
in coal prices that left it unable to service a recent
debt-fueled expansion into Australia.
Read more
Tata, Thyssen in high level talks on European steel JV - newspaper
FRANKFURT, April 13 (Reuters) - India's Tata Steel
and Germany's Thyssenkrupp are holding high-level
talks on the possibility of combining their European steel
operations in a joint venture, but are also looking at other
options, German daily Rheinische Post said on Wednesday.
Read more
and Germany's Thyssenkrupp are holding high-level
talks on the possibility of combining their European steel
operations in a joint venture, but are also looking at other
options, German daily Rheinische Post said on Wednesday.
Read more
Tuesday, April 12, 2016
UPDATE 1-China copper imports hit record in March, up 30 pct in Q1
HONG KONG, April 13 (Reuters) - China's copper arrivals hit
a record in March, pushing up total imports 30.1 percent in the
first quarter from last year, after price differentials between
domestic and international markets favoured imports in previous
months.
Read more
a record in March, pushing up total imports 30.1 percent in the
first quarter from last year, after price differentials between
domestic and international markets favoured imports in previous
months.
Read more
China Jan-March iron ore imports +6.5 pct y/y - customs
BEIJING, April 13 (Reuters) - China's imports of iron ore
rose 6.5 percent in the first quarter of the year, the country's
customs authority said on Wednesday.
Read more
rose 6.5 percent in the first quarter of the year, the country's
customs authority said on Wednesday.
Read more
UPDATE 1-Australia's Fortescue says could exceed iron ore output target
SYDNEY, April 13 (Reuters) - Australia's Fortescue Metals
Group shipped a flat 42 million tonnes of iron ore in
the March quarter, putting it on track to exceed its annual
production target, while lowering cash costs by 6 percent from
the previous quarter.
Read more
Group shipped a flat 42 million tonnes of iron ore in
the March quarter, putting it on track to exceed its annual
production target, while lowering cash costs by 6 percent from
the previous quarter.
Read more
UPDATE 1-Schlumberger to reduce Venezuela operations
April 12 (Reuters) - Oilfield services provider Schlumberger
Ltd said it would reduce its operations in Venezuela as
it received insufficient payments from customers in the recent
quarters.
Read more
Ltd said it would reduce its operations in Venezuela as
it received insufficient payments from customers in the recent
quarters.
Read more
Votorantim raises its stake in Peru miner Milpo
LIMA, April 12 (Reuters) - Brazil-based Votorantim
Industrial SA raised its stake in the Peruvian polymetallic
miner Milpo to 80.24 percent from 60.07 percent in a
579 million sole ($177 million) acquisition of shares, the
company said on Tuesday.
Read more
Industrial SA raised its stake in the Peruvian polymetallic
miner Milpo to 80.24 percent from 60.07 percent in a
579 million sole ($177 million) acquisition of shares, the
company said on Tuesday.
Read more
CANADA STOCKS-TSX jumps most in 5 weeks as oil spike boosts energy stocks
TORONTO, April 12 (Reuters) - Canada's main stock index
notched its biggest jump in more than five weeks on Tuesday,
bouncing higher as a spike in the price of oil boosted energy
stocks and supported financials.
Read more
notched its biggest jump in more than five weeks on Tuesday,
bouncing higher as a spike in the price of oil boosted energy
stocks and supported financials.
Read more
Mexican president says wants to adopt rules from EU-US trade deal
BERLIN, April 12 (Reuters) - Mexican President Enrique Pena
Nieto on Tuesday backed a planned free trade deal between the
European Union and the United States known as the Transatlantic
Trade and Investment Partnership (TTIP), saying his country
could also adopt it.
Read more
Nieto on Tuesday backed a planned free trade deal between the
European Union and the United States known as the Transatlantic
Trade and Investment Partnership (TTIP), saying his country
could also adopt it.
Read more
UPDATE 1-Saudi Arabia lifts export bans on cement, steel
KHOBAR, Saudi Arabia, April 12 (Reuters) - Saudi Arabia has
lifted a ban on exporting cement, a senior industry official was
quoted as saying on Tuesday, while an industry source indicated
a similar ban on steel has also been eased.
Read more
lifted a ban on exporting cement, a senior industry official was
quoted as saying on Tuesday, while an industry source indicated
a similar ban on steel has also been eased.
Read more
UK considering options for co-investment in Tata's steel assets, says minister
LONDON, April 12 (Reuters) - Britain is considering a number
of different options to co-invest in the purchase of steelmaking
assets put up for sale by Indian conglomerate Tata Steel,
Business Secretary Sajid Javid said on Tuesday.
Read more
of different options to co-invest in the purchase of steelmaking
assets put up for sale by Indian conglomerate Tata Steel,
Business Secretary Sajid Javid said on Tuesday.
Read more
Pakistani shares end higher; rupee steady, o/n rates fall
KARACHI, Pakistan, April 12 (Reuters) - Pakistani shares
closed higher in thin trade Tuesday on positive investor
sentiment, rebounding from losses in the previous session that
followed allegations of corruption against Prime Minister Nawaz
Sharif's family, analysts said.
Read more
closed higher in thin trade Tuesday on positive investor
sentiment, rebounding from losses in the previous session that
followed allegations of corruption against Prime Minister Nawaz
Sharif's family, analysts said.
Read more
RPT-COLUMN-You can now be positive on commodities, and that's a big change: Russell
SINGAPORE, April 12 (Reuters) - - It would be easy to
dismiss the assertion by BHP Billiton Chief Executive Andrew
Mackenzie that commodity prices have bottomed as the wishful
thinking of a mining executive keen to see some improvement in
profit margins.
Read more
dismiss the assertion by BHP Billiton Chief Executive Andrew
Mackenzie that commodity prices have bottomed as the wishful
thinking of a mining executive keen to see some improvement in
profit margins.
Read more
UPDATE 1-Russian tycoon Abramovich offers to buy Norilsk shares worth $158 mln
MOSCOW, April 12 (Reuters) - A company controlled by Russian
billionaire Roman Abramovich and partners has offered $158
million to buy 0.79 percent of shares in Norilsk Nickel
to increase its stake in the mining giant to more than
6 percent, Norilsk said on Tuesday.
Read more
billionaire Roman Abramovich and partners has offered $158
million to buy 0.79 percent of shares in Norilsk Nickel
to increase its stake in the mining giant to more than
6 percent, Norilsk said on Tuesday.
Read more
UPDATE 1-Givaudan boosts sales through new deals
ZURICH, April 12 (Reuters) - Deals in developing markets
helped Givaudan boost sales at the start of 2016, the
Swiss fragrance and flavours maker said on Tuesday, an early
indication its strategy to seek out new business is paying off.
Read more
helped Givaudan boost sales at the start of 2016, the
Swiss fragrance and flavours maker said on Tuesday, an early
indication its strategy to seek out new business is paying off.
Read more
UPDATE 1-China responds to Britain, saying steel needs global cooperation
BEIJING, April 12 (Reuters) - China wants to work with the
rest of the world to find a resolution to overcapacity in the
steel sector, its foreign ministry said on Monday, after Britain
asked the world's top producer of the alloy to tackle the
problem quickly.
Read more
rest of the world to find a resolution to overcapacity in the
steel sector, its foreign ministry said on Monday, after Britain
asked the world's top producer of the alloy to tackle the
problem quickly.
Read more
COLUMN-You can now be positive on commodities, and that's a big change: Russell
SINGAPORE, April 12 (Reuters) - - It would be easy to
dismiss the assertion by BHP Billiton Chief Executive Andrew
Mackenzie that commodity prices have bottomed as the wishful
thinking of a mining executive keen to see some improvement in
profit margins.
Read more
dismiss the assertion by BHP Billiton Chief Executive Andrew
Mackenzie that commodity prices have bottomed as the wishful
thinking of a mining executive keen to see some improvement in
profit margins.
Read more
Monday, April 11, 2016
Australia shares rise more than 0.5 pct, New Zealand extends losses
SYDNEY/WELLINGTON, April 12 (Reuters) - Australian shares
rose more than 0.5 percent on Tuesday as stronger commodity
prices and support for financials underpinned the benchmark,
rebounding from a five-week low touched last week.
Read more
rose more than 0.5 percent on Tuesday as stronger commodity
prices and support for financials underpinned the benchmark,
rebounding from a five-week low touched last week.
Read more
RPT-Australia-India consortium wants to restart historic gold mine
SYDNEY, April 11 (Reuters) - An Australian-Indian consortium
wants to restart gold mining in a district that helped symbolise
former British rule in India and produced some 25 million ounces
over 150 years before being abandoned due to low bullion prices.
Read more
wants to restart gold mining in a district that helped symbolise
former British rule in India and produced some 25 million ounces
over 150 years before being abandoned due to low bullion prices.
Read more
UPDATE 1-Business Wire disrupted by power outage, Alcoa statement delayed
April 11 (Reuters) - A temporary outage hit Business Wire,
the press release distribution company owned by Warren Buffett's
Berkshire Hathaway Inc, on Monday, delaying the release
of many company statements including Alcoa Inc's earnings
report.
Read more
the press release distribution company owned by Warren Buffett's
Berkshire Hathaway Inc, on Monday, delaying the release
of many company statements including Alcoa Inc's earnings
report.
Read more
UPDATE 1-Alcoa profit falls, lowers outlook for aerospace industry sales
CHICAGO, April 11 (Reuters) - Metals company Alcoa Inc
on Monday reported a lower quarterly profit, with results
hurt by low commodity prices, the strong U.S. dollar and plant
closures or divestments, and it also lowered its 2016 outlook
for global sales in the aerospace industry.
Read more
on Monday reported a lower quarterly profit, with results
hurt by low commodity prices, the strong U.S. dollar and plant
closures or divestments, and it also lowered its 2016 outlook
for global sales in the aerospace industry.
Read more
Business Wire goes down ahead of Alcoa's earnings statement
April 11 (Reuters) - Berkshire Hathaway Inc's
Business Wire website, which distributes press releases issued
by companies, went down just before the U.S. stock market closed
on Monday.
Read more
Business Wire website, which distributes press releases issued
by companies, went down just before the U.S. stock market closed
on Monday.
Read more
CANADA STOCKS-TSX gains as higher gold price boosts gold miners
TORONTO, April 11 (Reuters) - Canada's main stock index rose
on Monday as an almost three-week high for gold helped boost
gold mining stocks, while a major railway company advanced after
it scrapped a takeover bid.
Read more
on Monday as an almost three-week high for gold helped boost
gold mining stocks, while a major railway company advanced after
it scrapped a takeover bid.
Read more
France's economy minister pushes EU to raise steel tariffs
STRASBOURG, April 11 (Reuters) - France's economy minister
on Monday sought to pressure the European Commission into
raising import tariffs to similar levels as the United States to
help Europe's ailing steel industry.
Read more
on Monday sought to pressure the European Commission into
raising import tariffs to similar levels as the United States to
help Europe's ailing steel industry.
Read more
Alcoa profit falls, hurt by alumina, aluminum prices
CHICAGO, April 11 (Reuters) - Metals company Alcoa Inc
on Monday reported a lower quarterly profit, with results
hurt by low alumina and aluminum prices, the strong U.S. dollar
and plant closures or divestments.
Read more
on Monday reported a lower quarterly profit, with results
hurt by low alumina and aluminum prices, the strong U.S. dollar
and plant closures or divestments.
Read more
UK would consider co-investing to secure sale of Tata steel assets
LONDON, April 11 (Reuters) - British business minister Sajid
Javid said on Monday the government would consider co-investing
on commercial terms to secure the sale of Tata's UK steelmaking
assets.
Read more
Javid said on Monday the government would consider co-investing
on commercial terms to secure the sale of Tata's UK steelmaking
assets.
Read more
UPDATE 1-Kuwait oil and gas workers to go on strike from Sunday -union
KUWAIT, April 11 (Reuters) - Thousands of workers at
state-owned oil, gas and petrochemical companies in Kuwait will
stage a strike from Sunday in protest at a government plan to
cut some of their benefits and wages, the president of the oil
and gas union said on Monday.
Read more
state-owned oil, gas and petrochemical companies in Kuwait will
stage a strike from Sunday in protest at a government plan to
cut some of their benefits and wages, the president of the oil
and gas union said on Monday.
Read more
UK business minister says can not guarantee no more steel job losses
LONDON, April 11 (Reuters) - Business minister Sajid Javid
said on Monday he was unable to promise that there would be no
further job losses in the British steel industry, but that the
government was doing all it could to protect workers.
Read more
said on Monday he was unable to promise that there would be no
further job losses in the British steel industry, but that the
government was doing all it could to protect workers.
Read more
MOVES-Perella hires restructuring banker from Miller Buckfire -sources
April 11 (Reuters) - Perella Weinberg Partners LP has hired
Alexander Tracy, a managing director at Miller Buckfire & Co, as
a senior member of its financial restructuring advisory team,
people familiar with the matter said on Monday.
Read more
Alexander Tracy, a managing director at Miller Buckfire & Co, as
a senior member of its financial restructuring advisory team,
people familiar with the matter said on Monday.
Read more
CANADA STOCKS-TSX gains as resource stocks rise with commodity prices
TORONTO, April 11 (Reuters) - Canada's main stock index rose
on Monday as gold miners and major energy companies gained with
higher commodity prices.
Read more
on Monday as gold miners and major energy companies gained with
higher commodity prices.
Read more
UPDATE 2-Kyrgyzstan PM Sariyev resigns after cabinet accused of graft
BISHKEK, April 11 (Reuters) - Kyrgyz Prime Minister Temir
Sariyev and his cabinet resigned on Monday after a parliamentary
commission accused it of corruption, a move highlighting
tensions between different factions of President Almazbek
Atambayev's supporters.
Read more
Sariyev and his cabinet resigned on Monday after a parliamentary
commission accused it of corruption, a move highlighting
tensions between different factions of President Almazbek
Atambayev's supporters.
Read more
German metals industry to present wage offer on Monday
DUESSELDORF, Germany, April 11 (Reuters) - German metals
sector companies will present a wage offer to unions later on
Monday, Arndt Kirchhoff, who is leading negotiations on behalf
of the companies in the German state of North Rhine-Westphalia,
told Reuters.
Read more
sector companies will present a wage offer to unions later on
Monday, Arndt Kirchhoff, who is leading negotiations on behalf
of the companies in the German state of North Rhine-Westphalia,
told Reuters.
Read more
Pakistani stocks end lower; rupee weakens, o/n rates rise
KARACHI, April 11 (Reuters) - Pakistani stocks ended lower
on Monday as political uncertainty hit investor sentiment, with
the opposition calling for more accountability from Prime
Minister Nawaz Sharif after a recent disclosure in the 'Panama
Papers' document leak, analysts said.
Read more
on Monday as political uncertainty hit investor sentiment, with
the opposition calling for more accountability from Prime
Minister Nawaz Sharif after a recent disclosure in the 'Panama
Papers' document leak, analysts said.
Read more
Many Indian jewellers open shops; gold discounts drop
MUMBAI, April 11 (Reuters) - More than half of Indian
jewellers reopened their shops on Monday after keeping them
closed for nearly six weeks in protest over the reintroduction
of excise duty on gold jewellery.
Read more
jewellers reopened their shops on Monday after keeping them
closed for nearly six weeks in protest over the reintroduction
of excise duty on gold jewellery.
Read more
COLUMN-A bright future but a stormy present for copper producers: Andy Home
Such was the title of the presentation given by Jerry Jiao,
vice president at China's Minmetals Group, at last week's
CRU-CESCO conference in Chile.
Read more
vice president at China's Minmetals Group, at last week's
CRU-CESCO conference in Chile.
Read more
RPT-In Iowa corn fields, Chinese national's seed theft exposes vulnerability
ARLINGTON, Iowa, April 11 (Reuters) - Tim Burrack, a
northern Iowa farmer in his 44th growing season, has taken to
keeping a wary eye out for unfamiliar vehicles around his 300
acres of genetically modified corn seeds.
Read more
northern Iowa farmer in his 44th growing season, has taken to
keeping a wary eye out for unfamiliar vehicles around his 300
acres of genetically modified corn seeds.
Read more
Australia-India consortium wants to restart historic gold mine
SYDNEY, April 11 (Reuters) - An Australian-Indian consortium
wants to restart gold mining in a district that helped symbolise
former British rule in India and produced some 25 million ounces
over 150 years before being abandoned due to low bullion prices.
Read more
wants to restart gold mining in a district that helped symbolise
former British rule in India and produced some 25 million ounces
over 150 years before being abandoned due to low bullion prices.
Read more
In Iowa corn fields, Chinese national's seed theft exposes vulnerability
ARLINGTON, Iowa, April 11 (Reuters) - Tim Burrack, a
northern Iowa farmer in his 44th growing season, has taken to
keeping a wary eye out for unfamiliar vehicles around his 300
acres of genetically modified corn seeds.
Read more
northern Iowa farmer in his 44th growing season, has taken to
keeping a wary eye out for unfamiliar vehicles around his 300
acres of genetically modified corn seeds.
Read more
Sunday, April 10, 2016
S.Korea won up on broad dollar weakness, stocks edge down
* Won up while dividend payouts eyed
* Won selling for greenback likely to take place later in
session
SEOUL, April 11 (Reuters) - The South Korean won
inched up early on Monday as the dollar sagged globally,
although stock dividend payment to foreign investors could
trigger some local currency selling.
The local currency stood at 1,148.6 against the
dollar as of 0242 GMT, up 0.5 percent from Friday's close of
1,153.8.
Major stocks that are scheduled to pay out their dividend o
Read more
* Won selling for greenback likely to take place later in
session
SEOUL, April 11 (Reuters) - The South Korean won
inched up early on Monday as the dollar sagged globally,
although stock dividend payment to foreign investors could
trigger some local currency selling.
The local currency stood at 1,148.6 against the
dollar as of 0242 GMT, up 0.5 percent from Friday's close of
1,153.8.
Major stocks that are scheduled to pay out their dividend o
Read more
RPT-Australia's Rio Tinto to take longer to pay as resource slump bites
SYDNEY, April 9 (Reuters) - Rio Tinto, one of the
world's biggest miners, has doubled its payment terms in a move
that will force embattled suppliers to wait up to 90 days to be
paid.
Read more
world's biggest miners, has doubled its payment terms in a move
that will force embattled suppliers to wait up to 90 days to be
paid.
Read more
MIDEAST STOCKS-Food sector and firmer oil price lifts Saudi index, Egypt market dips
DUBAI, April 10 (Reuters) - Food companies buoyed the Saudi
stock market on Sunday after better than expected
results from the region's largest dairy food producer while a
visit by the king of Saudi Arabia to Egypt failed to lift the
Cairo bourse.
Read more
stock market on Sunday after better than expected
results from the region's largest dairy food producer while a
visit by the king of Saudi Arabia to Egypt failed to lift the
Cairo bourse.
Read more
UPDATE 1-Britain urges China to speed up on cutting steel capacity
LONDON/BEIJING, April 9 (Reuters) - Britain asked China on
Saturday to hurry up in tackling overcapacity in its steel
industry, hoping to stem the flood of cheap imports into Europe
which India's Tata Steel has blamed for its decision
to pull out of the United Kingdom, putting 15,000 jobs at risk.
Read more
Saturday to hurry up in tackling overcapacity in its steel
industry, hoping to stem the flood of cheap imports into Europe
which India's Tata Steel has blamed for its decision
to pull out of the United Kingdom, putting 15,000 jobs at risk.
Read more
UPDATE 1-South Africa's AMCU union accepts Sibanye Gold new wage offer
JOHANNESBURG, April 10 (Reuters) - South Africa's
Association of Mineworkers and Construction Union(AMCU) said on
Sunday it had agreed to take a new wage offer from Sibanye Gold
and had called off a strike.
Read more
Association of Mineworkers and Construction Union(AMCU) said on
Sunday it had agreed to take a new wage offer from Sibanye Gold
and had called off a strike.
Read more
Saturday, April 9, 2016
Britain urges China to speed up steps to cut steel capacity
LONDON, April 9 (Reuters) - Britain asked China to tackle
over-capacity in its steel industry on Saturday, hoping to stem
the flood of cheap imports into Europe which India's Tata Steel
said caused it to pull out of the United Kingdom,
putting 15,000 jobs at risk.
Read more
over-capacity in its steel industry on Saturday, hoping to stem
the flood of cheap imports into Europe which India's Tata Steel
said caused it to pull out of the United Kingdom,
putting 15,000 jobs at risk.
Read more
Australia's Rio Tinto to take longer to pay as resource slump bites
SYDNEY, April 9 (Reuters) - Rio Tinto, one of the
world's biggest miners, has doubled its payment terms in a move
that will force embattled suppliers to wait up to 90 days to be
paid.
Read more
world's biggest miners, has doubled its payment terms in a move
that will force embattled suppliers to wait up to 90 days to be
paid.
Read more
Friday, April 8, 2016
Vertellus Specialties skips debt interest payment -sources
April 8 (Reuters) - Vertellus Specialties Inc, a U.S.
manufacturer of agricultural chemicals such as pyridine, is in
talks to cut a deal with its lenders after missing a debt
interest payment, according to people familiar with the matter.
Read more
manufacturer of agricultural chemicals such as pyridine, is in
talks to cut a deal with its lenders after missing a debt
interest payment, according to people familiar with the matter.
Read more
U.S. small cap funds shine in 1st quarter but may have harder road ahead
NEW YORK, April 8 (Reuters) - The steep decline and
subsequent rebound in the U.S. stock market over the first three
months of the year were a boon to U.S. small cap managers, who
took advantage of what some considered a short window of low
prices to add shares in companies ranging from retailers to
steel makers.
Read more
subsequent rebound in the U.S. stock market over the first three
months of the year were a boon to U.S. small cap managers, who
took advantage of what some considered a short window of low
prices to add shares in companies ranging from retailers to
steel makers.
Read more
UPDATE 1-Coast Guard partially reopens Mississippi River near Thebes, Ill.
April 8 (Reuters) - The U.S. Coast Guard said it reopened
the Mississippi River to some shipping traffic on Friday
following a midweek barge accident near Thebes, Illinois, that
had closed the major shipping artery early on Wednesday.
Read more
the Mississippi River to some shipping traffic on Friday
following a midweek barge accident near Thebes, Illinois, that
had closed the major shipping artery early on Wednesday.
Read more
UPDATE 2-Fairfax India to invest $300 mln in Sanmar Chemicals
MUMBAI/TORONTO April 8 (Reuters) - Fairfax India Holdings
said on Friday it has agreed to acquire a minority
stake in privately held Indian petrochemical company Sanmar
Chemicals via a roughly $300 million investment.
Read more
said on Friday it has agreed to acquire a minority
stake in privately held Indian petrochemical company Sanmar
Chemicals via a roughly $300 million investment.
Read more
UPDATE 2-Lyondell cuts output at Houston refinery after fire -sources
HOUSTON, April 8 (Reuters) - A fire erupted at
LyondellBasell Industries' 263,776 barrels-per-day Houston
refinery on Friday, forcing the company to cut output as much as
25 percent as it will take up to a month to fix a damaged coker,
sources familiar with operations told Reuters.
Read more
LyondellBasell Industries' 263,776 barrels-per-day Houston
refinery on Friday, forcing the company to cut output as much as
25 percent as it will take up to a month to fix a damaged coker,
sources familiar with operations told Reuters.
Read more
Brazil's largest grocery chain pledges to chop deforestation, slavery from supply chain
RIO DE JANEIRO, April 8 (Thomson Reuters Foundation) -
B razil's largest grocery chain has pledged to stop selling beef
produced on deforested land in the Amazon rainforest in what
campaigners say is a victory for the environment and human
rights.
Read more
B razil's largest grocery chain has pledged to stop selling beef
produced on deforested land in the Amazon rainforest in what
campaigners say is a victory for the environment and human
rights.
Read more
Mexican government sees gold, silver production down in 2016
MEXICO CITY, April 8 (Reuters) - Mexico expects gold and
silver production this year to drop while copper output will be
flat as low prices continue to weigh on the sector, the
government's top mining official said in an interview.
Read more
silver production this year to drop while copper output will be
flat as low prices continue to weigh on the sector, the
government's top mining official said in an interview.
Read more
Pakistan stocks end higher; rupee firm, o/n rates fall
KARACHI, April 8 (Reuters) - Pakistan stocks closed
marginally higher on Friday, posting their second straight
weekly gain, in mixed trade.
Read more
marginally higher on Friday, posting their second straight
weekly gain, in mixed trade.
Read more
Gupta holding firm approached South African govt over closed bank accounts - company memo
JOHANNESBURG, April 8 (Reuters) - South Africa's Oakbay
Investments approached government departments including the
presidency to express "deep disappointment" over decisions by
banks to close its accounts, a company memo seen by Reuters
showed on Friday.
Read more
Investments approached government departments including the
presidency to express "deep disappointment" over decisions by
banks to close its accounts, a company memo seen by Reuters
showed on Friday.
Read more
UPDATE 1-Copper veteran Hernandez bows out of Antofagasta
SANTIAGO, April 8 (Reuters) - Diego Hernandez will retire as
chief executive of Chilean copper firm Antofagasta Plc,
the company said on Friday, making way for his groomed
successor, Ivan Arriagada.
Read more
chief executive of Chilean copper firm Antofagasta Plc,
the company said on Friday, making way for his groomed
successor, Ivan Arriagada.
Read more
Fairfax India to invest $300 mln in Sanmar Chemicals Group
April 8 (Reuters) - Fairfax India Holdings Corp,
part of Canadian billionaire Prem Watsa's Fairfax Holdings, said
it would invest $300 million in privately held Indian
petrochemical company Sanmar Chemicals Group through a
combination of equity and fixed-income securities.
Read more
part of Canadian billionaire Prem Watsa's Fairfax Holdings, said
it would invest $300 million in privately held Indian
petrochemical company Sanmar Chemicals Group through a
combination of equity and fixed-income securities.
Read more
Antofagasta says CEO Hernandez to retire
April 8 (Reuters) - Chilean copper producer Antofagasta Plc
said Chief Executive Diego Hernandez would retire and
be succeeded by Ivan Arriagada, head of the company's minerals
unit.
Read more
said Chief Executive Diego Hernandez would retire and
be succeeded by Ivan Arriagada, head of the company's minerals
unit.
Read more
China to open up iron ore futures to foreign investors
SHANGHAI, April 8 (Reuters) - China is planning to open up
the world's most liquid iron ore futures to overseas investors,
an official with the Dalian Commodity Exchange said on Friday, a
move that would increase China's sway over pricing as the
world's top iron ore consumer.
Read more
the world's most liquid iron ore futures to overseas investors,
an official with the Dalian Commodity Exchange said on Friday, a
move that would increase China's sway over pricing as the
world's top iron ore consumer.
Read more
RPT-China citizens protest ChemChina-Syngenta deal amid GMO worries
BEIJING, April 8 (Reuters) - Around 400 Chinese citizens
have signed a letter to protest the purchase of Swiss-based
seeds and pesticides company Syngenta by state-owned ChemChina,
saying the deal would eventually lead to genetically modified
crops being sown across swathes of the country.
Read more
have signed a letter to protest the purchase of Swiss-based
seeds and pesticides company Syngenta by state-owned ChemChina,
saying the deal would eventually lead to genetically modified
crops being sown across swathes of the country.
Read more
India steel ministry may appeal to Modi over anti-dumping rules
NEW DELHI, April 8 (Reuters) - India's steel ministry is
considering appealing to Prime Minister Narendra Modi to back a
proposal to toughen up anti-dumping rules to tackle a flood of
cheap imports threatening its steel industry, a government
source said.
Read more
considering appealing to Prime Minister Narendra Modi to back a
proposal to toughen up anti-dumping rules to tackle a flood of
cheap imports threatening its steel industry, a government
source said.
Read more
S.Korea won, stocks down on anxiety over economic outlook
* Won drops almost 1 pct vs dlr in early trade
* KOSPI heads for its third straight losing week
SEOUL, April 8 (Reuters) - The South Korean won and
shares fell on Friday morning as another drop in global oil
prices and worries about the global economy revived investors'
demand for safe-haven assets.
The won was down 0.4 percent, standing at 1,156.2
per dollar as of 0156 GMT. The currency was down nearly 1
percent in early trade, marking its lowest intraday level in two
weeks but it
Read more
* KOSPI heads for its third straight losing week
SEOUL, April 8 (Reuters) - The South Korean won and
shares fell on Friday morning as another drop in global oil
prices and worries about the global economy revived investors'
demand for safe-haven assets.
The won was down 0.4 percent, standing at 1,156.2
per dollar as of 0156 GMT. The currency was down nearly 1
percent in early trade, marking its lowest intraday level in two
weeks but it
Read more
Thursday, April 7, 2016
China mulls easing construction firms' security deposit burden
SHANGHAI, April 8 (Reuters) - China will review security
deposit requirements for construction firms with a view to
reducing their burden, according to a statement on the Ministry
of Housing and Urban-Rural Development's website.
Read more
deposit requirements for construction firms with a view to
reducing their burden, according to a statement on the Ministry
of Housing and Urban-Rural Development's website.
Read more
Engineering, technology firms see silver lining to copper slump
SANTIAGO, April 7 (Reuters) - Engineering and technology
companies servicing the mining industry see a silver lining to
the crippling rout in copper prices: new business opportunities
have opened up for improving productivity as producers rush to
rein in costs.
Read more
companies servicing the mining industry see a silver lining to
the crippling rout in copper prices: new business opportunities
have opened up for improving productivity as producers rush to
rein in costs.
Read more
RPT-Africa gold producers wary despite price rebound
DAKAR, April 7 (Reuters) - A steep rise in gold prices may
have given hope to a battered mining industry in 2016, but after
four tough years producers in Africa are still too wary to call
the bad times over.
Read more
have given hope to a battered mining industry in 2016, but after
four tough years producers in Africa are still too wary to call
the bad times over.
Read more
Russia's Sistema in talks to sell further stake in retailer Detsky Mir
MOSCOW, April 7 (Reuters) - Russian holding company Sistema
said on Thursday it is in talks with private investors
about selling a further stake in children's goods retailer
Detsky Mir.
Read more
said on Thursday it is in talks with private investors
about selling a further stake in children's goods retailer
Detsky Mir.
Read more
Africa gold producers wary despite price rebound
DAKAR, April 7 (Reuters) - A steep rise in gold prices may
have given hope to a battered mining industry in 2016, but after
four tough years producers in Africa are still too wary to call
the bad times over.
Read more
have given hope to a battered mining industry in 2016, but after
four tough years producers in Africa are still too wary to call
the bad times over.
Read more
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