CAIRO, May 30 (Reuters) - Egyptian prosecutors on Monday
ordered the head of the journalists union and two board members
to be tried on charges of harbouring colleagues wanted by the
law, judicial sources said, a move that drew condemnation from
rights groups.
Read more
Monday, May 30, 2016
CANADA STOCKS-TSX dips as energy stocks retreat ahead of OPEC meeting
TORONTO, May 30 (Reuters) - Canada's main stock index edged
lower on Monday as energy stocks retreated ahead of a meeting of
oil producers later in the week, while mining stocks and
financials also fell in a low-volume session with U.S. markets
closed for Memorial Day.
Read more
lower on Monday as energy stocks retreated ahead of a meeting of
oil producers later in the week, while mining stocks and
financials also fell in a low-volume session with U.S. markets
closed for Memorial Day.
Read more
Almost 46 mln people trapped in slavery with North Korea, India key offenders - global index
LONDON, May 31 (Thomson Reuters Foundation) - Almost 46
million people are living as slaves globally with the greatest
number in India but the highest prevalence of slavery in North
Korea, according to the third Global Slavery Index released on
Tuesday.
Read more
million people are living as slaves globally with the greatest
number in India but the highest prevalence of slavery in North
Korea, according to the third Global Slavery Index released on
Tuesday.
Read more
Egypt journalist union chiefs charged with harbouring wanted colleagues
CAIRO, May 30 (Reuters) - The head of Egypt's journalists'
union and two of its board members were in police detention on
Monday on charges of harbouring colleagues wanted by the law and
spreading lies, their lawyer and a fellow union official said.
Read more
union and two of its board members were in police detention on
Monday on charges of harbouring colleagues wanted by the law and
spreading lies, their lawyer and a fellow union official said.
Read more
Business wants a WTO trade deal to end tariffs on chemicals
GENEVA, May 30 (Reuters) - A treaty to scrap import tariffs
on chemicals emerged as a favoured candidate for a new trade
agreement on Monday, as more than 60 business leaders debated
ideas for new agreement at the World Trade Organisation
headquarters.
Read more
on chemicals emerged as a favoured candidate for a new trade
agreement on Monday, as more than 60 business leaders debated
ideas for new agreement at the World Trade Organisation
headquarters.
Read more
Saudi's SABIC agrees petrochemicals project with China's Shenhua
DUBAI, May 30 (Reuters) - Saudi Basic Industries Corp
(SABIC), one of the world's largest petrochemicals
groups, said on Monday it had signed an agreement with Shenhua
Ningxia Coal Industry Group to build a petrochemical
complex in China.
Read more
(SABIC), one of the world's largest petrochemicals
groups, said on Monday it had signed an agreement with Shenhua
Ningxia Coal Industry Group to build a petrochemical
complex in China.
Read more
UPDATE 1-Saudi's SABIC agrees petrochemicals project with China's Shenhua
DUBAI, May 30 (Reuters) - Saudi Basic Industries Corp
(SABIC), one of the world's largest petrochemicals
groups, said on Monday it had signed an agreement with Shenhua
Ningxia Coal Industry Group to build a petrochemical
complex in China.
Read more
(SABIC), one of the world's largest petrochemicals
groups, said on Monday it had signed an agreement with Shenhua
Ningxia Coal Industry Group to build a petrochemical
complex in China.
Read more
CANADA STOCKS-TSX dips as oil seesaws, gold hits 3-1/2-month low
TORONTO, May 30 (Reuters) - Canada's main stock index edged
lower on Monday as oil seesawed and gold fell to a 3-1/2-month
low, while financials firmed ahead of a potential increase in
U.S. interest rates this summer.
Read more
lower on Monday as oil seesawed and gold fell to a 3-1/2-month
low, while financials firmed ahead of a potential increase in
U.S. interest rates this summer.
Read more
UPDATE 1-Chile's copper output drops in April due to heavy rains
SANTIAGO, May 30 (Reuters) - Copper output in world No. 1
producer Chile fell in April as some mines in the central part
of the country were hit by heavy rains and ore grades continued
to decline, the government said on Monday.
Read more
producer Chile fell in April as some mines in the central part
of the country were hit by heavy rains and ore grades continued
to decline, the government said on Monday.
Read more
Pakistan shares end lower
KARACHI, Pakistan, May 30 (Reuters) - Pakistani stocks
closed lower on Monday as investors anticipated the introduction
of additional taxes for those who do not file income tax in the
country's budget announcement later this week, dealers said.
Read more
closed lower on Monday as investors anticipated the introduction
of additional taxes for those who do not file income tax in the
country's budget announcement later this week, dealers said.
Read more
Russian state fund mulls buying into diamond miner Alrosa -TASS cites CEO
MOSCOW, May 30 (Reuters) - The Russian Direct Investment
Fund is considering taking a part in the privatisation of the
country's diamond miner Alrosa, TASS news agency cited
the Fund's Chief Executive Officer, Kirill Dmitriev, as saying
on Monday.
Read more
Fund is considering taking a part in the privatisation of the
country's diamond miner Alrosa, TASS news agency cited
the Fund's Chief Executive Officer, Kirill Dmitriev, as saying
on Monday.
Read more
WIDER IMAGE-Hopes and fears for jobs as Afghan cement factory reopens
JABAL SARAJ, Afghanistan, May 30 (Reuters) - After a break
of 20 years, Afghanistan's first cement factory is once more
clanking noisily in the countryside near Kabul as crushed-up
limestone rocks rattle along a battered conveyor belt to the
newly restored kiln.
Read more
of 20 years, Afghanistan's first cement factory is once more
clanking noisily in the countryside near Kabul as crushed-up
limestone rocks rattle along a battered conveyor belt to the
newly restored kiln.
Read more
Australia miners merge, hope to boost lithium sales
SYDNEY, May 30 (Reuters) - Galaxy Resources and
General Mining on Monday agreed to a A$216 million
($155 million) merger to consolidate their lithium mines in
Australia, Canada and Argentina, with prices for the metal
soaring on growing demand for electric vehicles.
Read more
General Mining on Monday agreed to a A$216 million
($155 million) merger to consolidate their lithium mines in
Australia, Canada and Argentina, with prices for the metal
soaring on growing demand for electric vehicles.
Read more
Sunday, May 29, 2016
China loans to overcapacity industries up only 0.1 pct in Q1 - Xinhua
SHANGHAI, May 30 (Reuters) - Outstanding loans to five
industries suffering from major overcapacity were up only 0.1
percent in the first quarter from the same period last year, a
top official from China's banking regulator said Sunday
according to state news agency Xinhua.
Read more
industries suffering from major overcapacity were up only 0.1
percent in the first quarter from the same period last year, a
top official from China's banking regulator said Sunday
according to state news agency Xinhua.
Read more
RPT-China bets on duty-free paradise to keep luxury spenders at home
SANYA, China, May 30 (Reuters) - China's efforts to lift
local consumption, spur domestic tourism and keep within its
borders citizens that splurge in Milan or Seoul have spawned a
duty-free paradise on the southern island of Hainan that it
hopes will satisfy a lust for luxury.
Read more
local consumption, spur domestic tourism and keep within its
borders citizens that splurge in Milan or Seoul have spawned a
duty-free paradise on the southern island of Hainan that it
hopes will satisfy a lust for luxury.
Read more
RPT-Australian gold output slips 2 pct as miners dig lower grade ore
SYDNEY, May 29 (Reuters) - Gold output in Australia, the
world's second biggest producer, slipped 2 percent in the first
quarter, due in part to mining of lesser grade ores during a
period of higher bullion prices, a survey released on Sunday
showed.
Read more
world's second biggest producer, slipped 2 percent in the first
quarter, due in part to mining of lesser grade ores during a
period of higher bullion prices, a survey released on Sunday
showed.
Read more
MIDEAST STOCKS-Scrapped Americana sale weighs on Kuwait; other bourses mixed
DUBAI, May 29 (Reuters) - Shares in Kuwaiti companies linked
with the al-Kharafi family tumbled on Sunday after the
multi-billion-dollar sale of another Kharafi-controlled business
was scrapped, while other markets were mixed in thin trade.
Read more
with the al-Kharafi family tumbled on Sunday after the
multi-billion-dollar sale of another Kharafi-controlled business
was scrapped, while other markets were mixed in thin trade.
Read more
Australian gold output slips 2 pct as miners dig lower grade ore
SYDNEY, May 29 (Reuters) - Gold output in Australia, the
world's second biggest producer, slipped 2 percent in the first
quarter, due in part to mining of lesser grade ores during a
period of higher bullion prices, a survey released on Sunday
showed.
Read more
world's second biggest producer, slipped 2 percent in the first
quarter, due in part to mining of lesser grade ores during a
period of higher bullion prices, a survey released on Sunday
showed.
Read more
Saturday, May 28, 2016
Friday, May 27, 2016
UPDATE 2-South Africa's Sibanye Gold gets court order to stop strike
JOHANNESBURG, May 27 (Reuters) - South Africa's Sibanye Gold
obtained a court order on Friday to stop a strike at
its Kroondal platinum mine that was launched by workers
demanding that they be given transport.
Read more
obtained a court order on Friday to stop a strike at
its Kroondal platinum mine that was launched by workers
demanding that they be given transport.
Read more
Monsanto boss could net $70 million from a Bayer takeover
LONDON, May 27 (Reuters) - Monsanto boss Hugh Grant could
land more than $70 million if the world's largest seed company
is taken over by German chemicals giant Bayer AG.
Read more
land more than $70 million if the world's largest seed company
is taken over by German chemicals giant Bayer AG.
Read more
WHO guidance on infant milk formulas gets lukewarm backing
GENEVA, May 27 (Reuters) - National health officials stopped
short on Friday of fully endorsing World Health Organization
(WHO) guidelines to end the aggressive marketing of breast milk
substitutes and baby foods for newborn and older infants.
Read more
short on Friday of fully endorsing World Health Organization
(WHO) guidelines to end the aggressive marketing of breast milk
substitutes and baby foods for newborn and older infants.
Read more
CANADA STOCKS-TSX rises as financials rally; resource stocks dip with commodities
TORONTO, May 27 (Reuters) - Canada's main stock index rose
on Friday as financials rallied, while resource stocks retreated
with commodities and investors waited for possible clues on the
timing of U.S. interest rate hikes from Federal Reserve Chair
Janet Yellen.
Read more
on Friday as financials rallied, while resource stocks retreated
with commodities and investors waited for possible clues on the
timing of U.S. interest rate hikes from Federal Reserve Chair
Janet Yellen.
Read more
UPDATE 2-State Bank of India's outlook eases pain of profit fall
* Central bank-ordered bad loan clean-up has hurt Indian
banks
(Adds SBI guidance, other state-run bank results)
Read more
banks
(Adds SBI guidance, other state-run bank results)
Read more
Czech finance minister's Agrofert group boosts profit in 2015
PRAGUE, May 27 (Reuters) - Czech Finance Minister Andrej
Babis' Agrofert group raised net profit by 41 percent to 8.6
billion crowns ($355 million) in 2015, mainly due to improved
performance at the chemical division, the group said on Friday.
Read more
Babis' Agrofert group raised net profit by 41 percent to 8.6
billion crowns ($355 million) in 2015, mainly due to improved
performance at the chemical division, the group said on Friday.
Read more
UPDATE 1-ChemChina interested in Germany's SGL Carbon - Manager Magazin
* Shares in SGL jump as much as 14 pct
(Adds SGL spokesman comment, SGL shares, background)
Read more
(Adds SGL spokesman comment, SGL shares, background)
Read more
UPDATE 1-Anglo American appoints Bruce Cleaver CEO of De Beers
May 27 (Reuters) - Global mining company Anglo American Plc
said it appointed Bruce Cleaver as chief executive of
its diamond mining unit De Beers Group, after previous CEO
Philippe Mellier decided to step down.
Read more
said it appointed Bruce Cleaver as chief executive of
its diamond mining unit De Beers Group, after previous CEO
Philippe Mellier decided to step down.
Read more
India Inc shows growth spreading by end of Modi's sophomore year
MUMBAI/NEW DELHI, May 27 (Reuters) - Indian companies are
posting their best earnings results since Prime Minister
Narendra Modi swept to power two years ago, giving the clearest
sign yet that India's fast, but patchy, economic growth is
becoming more broad-based.
Read more
posting their best earnings results since Prime Minister
Narendra Modi swept to power two years ago, giving the clearest
sign yet that India's fast, but patchy, economic growth is
becoming more broad-based.
Read more
Anglo American appoints Bruce Cleaver CEO of De Beers
May 27 (Reuters) - Global mining company Anglo American Plc
said it appointed Bruce Cleaver as chief executive of
its unit, De Beers Group, after previous CEO Philippe Mellier
decided to step down.
Read more
said it appointed Bruce Cleaver as chief executive of
its unit, De Beers Group, after previous CEO Philippe Mellier
decided to step down.
Read more
Thursday, May 26, 2016
UPDATE 3-U.S. panel launches trade secret theft probe into China steel
WASHINGTON/SHANGHAI, May 27 (Reuters) - U.S. regulators on
Thursday launched an investigation into complaints by United
States Steel Corp that Chinese competitors stole its
secrets and fixed prices, in the latest trade spat between the
two countries.
Read more
Thursday launched an investigation into complaints by United
States Steel Corp that Chinese competitors stole its
secrets and fixed prices, in the latest trade spat between the
two countries.
Read more
Goldman sees China steel demand weakening as 'too many furnaces' reopen
MANILA, May 27 (Reuters) - Producers that returned to
China's steel market after a price rally earlier this year may
be forced to run below capacity as demand weakens for the rest
of 2016, Goldman Sachs said.
Read more
China's steel market after a price rally earlier this year may
be forced to run below capacity as demand weakens for the rest
of 2016, Goldman Sachs said.
Read more
China says "resolutely opposes" US trade secret theft probe over steel
SHANGHAI, May 27 (Reuters) - China resolutely opposes a
probe by the U.S. International Trade Commission (ITC) into
complaints of trade secret thefts by Chinese steel companies and
will encourage its firms to legally defend themselves, China's
commerce ministry said on Friday.
Read more
probe by the U.S. International Trade Commission (ITC) into
complaints of trade secret thefts by Chinese steel companies and
will encourage its firms to legally defend themselves, China's
commerce ministry said on Friday.
Read more
UPDATE 2-Finland's TVO says Areva ended talks on delayed reactor project
HELSINKI, May 26 (Reuters) - French nuclear group Areva
has broken off talks with Finnish utility
Teollisuuden Voima (TVO) over the delayed Olkiluoto 3 nuclear
reactor, TVO said on Thursday.
Read more
has broken off talks with Finnish utility
Teollisuuden Voima (TVO) over the delayed Olkiluoto 3 nuclear
reactor, TVO said on Thursday.
Read more
CANADA STOCKS-TSX ends slightly lower after posting a 9-month high
TORONTO, May 26 (Reuters) - Canada's main stock index edged
slightly lower on Thursday, including losses for resource stocks
as oil and gold prices dipped.
Read more
slightly lower on Thursday, including losses for resource stocks
as oil and gold prices dipped.
Read more
EU agency wants 65 pct cut in farm use of last-ditch antibiotic
LONDON, May 26 (Reuters) - Agricultural use of a last-resort
antibiotic should be cut by two-thirds to limit the spread of
dangerous drug resistance, European medicine regulators said on
Thursday.
Read more
antibiotic should be cut by two-thirds to limit the spread of
dangerous drug resistance, European medicine regulators said on
Thursday.
Read more
Timber smugglers could make Senegal's last forests disappear soon
DAKAR, May 26 (Reuters) - Forests in Senegal's lush
Casamance region risk disappearing within two years because of
illegal timber smuggling, one of the West African country's
foremost environmentalists said on Thursday.
Read more
Casamance region risk disappearing within two years because of
illegal timber smuggling, one of the West African country's
foremost environmentalists said on Thursday.
Read more
FTSE steadies at close after climbing to one-month high
LONDON, May 26 (Reuters) - Britain's top share index
steadied at the close on Thursday after reaching a one-month
high, as mining shares rallied along with metals prices to
offset weaker banking and energy stocks.
Read more
steadied at the close on Thursday after reaching a one-month
high, as mining shares rallied along with metals prices to
offset weaker banking and energy stocks.
Read more
CANADA STOCKS-TSX rises to a 9-month high as mining stocks rally
TORONTO, May 26 (Reuters) - Canada's main stock index rose
to a fresh nine-month high on Thursday as mining stocks rallied,
while stronger-than-expected earnings from the country's biggest
bank by market value helped financials edge higher.
Read more
to a fresh nine-month high on Thursday as mining stocks rallied,
while stronger-than-expected earnings from the country's biggest
bank by market value helped financials edge higher.
Read more
Five dead, 92 injured in Mumbai chemical factory blast
MUMBAI, May 26 (Reuters) - A powerful blast in a chemical
factory located near a residential area in a Mumbai suburb
killed five people and left 92 injured on Thursday, police
officials said.
Read more
factory located near a residential area in a Mumbai suburb
killed five people and left 92 injured on Thursday, police
officials said.
Read more
Bosnia region to sell stake in top insurer on June 23
SARAJEVO, May 26 (Reuters) - Bosnia's autonomous
Bosniak-Croat Federation will offer for sale its 45.5 percent
stake in insurer Sarajevo Osiguranje on June 23,
hoping to raise at least 27.4 million Bosnian marka ($15.6
million) to help cover its budget deficit.
Read more
Bosniak-Croat Federation will offer for sale its 45.5 percent
stake in insurer Sarajevo Osiguranje on June 23,
hoping to raise at least 27.4 million Bosnian marka ($15.6
million) to help cover its budget deficit.
Read more
UPDATE 1-Britain plans steel pensions overhaul to ease sale of Tata assets
LONDON, May 26 (Reuters) - Britain's government said on
Thursday it had started discussions on overhauling the
deficit-laden British Steel Pension Scheme, a major stumbling
block for potential buyers of Tata Steel's UK assets.
Read more
Thursday it had started discussions on overhauling the
deficit-laden British Steel Pension Scheme, a major stumbling
block for potential buyers of Tata Steel's UK assets.
Read more
Pakistan shares end higher; rupee flat, o/n rates rise
KARACHI, Pakistan, May 26 (Reuters) - Pakistan stocks closed
higher on Monday as rising international oil prices buoyed oil
stocks, while bank shares extended losses after the central bank
cut its key policy rate over the weekend, analysts said.
Read more
higher on Monday as rising international oil prices buoyed oil
stocks, while bank shares extended losses after the central bank
cut its key policy rate over the weekend, analysts said.
Read more
UPDATE 4-Brazil's Usiminas taps Leite as CEO in sign of easing dispute
* Nippon Steel to take legal action to get decision annulled
(Adds Nippon Steel comment in paragraph 4, bullet points)
Read more
(Adds Nippon Steel comment in paragraph 4, bullet points)
Read more
China's Hebei province pledges 14.22 mln T steel capacity cuts in 2016 - Xinhua
BEIJING, May 26 (Reuters) - Hebei, China's top steelmaking
province, has pledged to close a total of 14.22 million tonnes
of capacity in 2016 as part of the country's efforts to tackle a
price-sapping glut in the sector, the official Xinhua news
agency said on Thursday.
Read more
province, has pledged to close a total of 14.22 million tonnes
of capacity in 2016 as part of the country's efforts to tackle a
price-sapping glut in the sector, the official Xinhua news
agency said on Thursday.
Read more
Britain's FTSE hits one-month high as commodity stocks rally
LONDON, May 26 (Reuters) - Shares in UK mining and oil & gas
companies rallied on Thursday, tracking gains in commodities
prices, although companies going "ex-div" weighed on the wider
market.
Read more
companies rallied on Thursday, tracking gains in commodities
prices, although companies going "ex-div" weighed on the wider
market.
Read more
Reuters Business News Schedule at 0430 GMT/00.30AM ET
SHANGHAI - The People's Bank of China is discussing with
banks the creation of a central exchange for commercial paper,
the 21st Century Business Herald reported, citing multiple
anonymous industry sources. (CHINA-DEBT/BONDS (UPDATE 1), moved,
370 words)
Read more
banks the creation of a central exchange for commercial paper,
the 21st Century Business Herald reported, citing multiple
anonymous industry sources. (CHINA-DEBT/BONDS (UPDATE 1), moved,
370 words)
Read more
Big Guards-owned company may lose out as Iran economy, politics shift
DUBAI, May 26 (Reuters) - Long used to lucrative state
contracts, Iran's biggest construction company faces leaner
times, as overseas firms better able to attract financing push
for orders in an economy trying to open to the world after years
of sanctions.
Read more
contracts, Iran's biggest construction company faces leaner
times, as overseas firms better able to attract financing push
for orders in an economy trying to open to the world after years
of sanctions.
Read more
Wednesday, May 25, 2016
Jiangxi Copper says China should prevent excess imports -exec
SHANGHAI, May 26 (Reuters) - China should prevent excess
imports of copper to offset output cuts by domestic smelters, a
senior executive at Jiangxi Copper said on Thursday.
Read more
imports of copper to offset output cuts by domestic smelters, a
senior executive at Jiangxi Copper said on Thursday.
Read more
Colombia court rules local governments can restrict mining projects
BOGOTA, May 25 (Reuters) - Colombia's constitutional court
on Wednesday struck down a law which requires mining permits be
issued exclusively by the national government, a decision which
could open the way for provincial and local authorities to
restrict mining in their areas.
Read more
on Wednesday struck down a law which requires mining permits be
issued exclusively by the national government, a decision which
could open the way for provincial and local authorities to
restrict mining in their areas.
Read more
UPDATE 2-U.S. levies hefty duties on Chinese corrosion-resistant steel
WASHINGTON, May 25 (Reuters) - Corrosion-resistant steel
from China will face final U.S. anti-dumping and anti-subsidy
duties of up to 450 percent under the U.S. Commerce Department's
latest clampdown on a glut of steel imports, the agency said on
Wednesday.
Read more
from China will face final U.S. anti-dumping and anti-subsidy
duties of up to 450 percent under the U.S. Commerce Department's
latest clampdown on a glut of steel imports, the agency said on
Wednesday.
Read more
CANADA STOCKS-TSX scores a 9-month high, led by energy and financials
TORONTO, May 25 (Reuters) - Canada's main stock index scored
a nine-month high on Wednesday, led by energy and financial
stocks as oil rose and investors grew more comfortable with the
prospect of an interest rate hike as early as next month by the
U.S. Federal Reserve.
Read more
a nine-month high on Wednesday, led by energy and financial
stocks as oil rose and investors grew more comfortable with the
prospect of an interest rate hike as early as next month by the
U.S. Federal Reserve.
Read more
Chile, SQM head to court after failing to reach agreement
SANTIAGO, May 25 (Reuters) - Chile said on Wednesday that it
would bring a recent dispute with fertilizer supplier SQM
to court after a meeting with the company's executives
failed to produce an agreement.
Read more
would bring a recent dispute with fertilizer supplier SQM
to court after a meeting with the company's executives
failed to produce an agreement.
Read more
Liberia grand jury indicts Sable Mining, officials for bribery
MONROVIA, May 25 (Reuters) - A grand jury in Liberia on
Wednesday indicted government officials, including the speaker
of parliament and the head of the ruling party, along with
London AIM-listed Sable Mining on charges including
bribery.
Read more
Wednesday indicted government officials, including the speaker
of parliament and the head of the ruling party, along with
London AIM-listed Sable Mining on charges including
bribery.
Read more
U.S. levies duties on corrosion-resistant steel from five countries
WASHINGTON, May 25 (Reuters) - The U.S. Commerce Department,
in a clamp-down on a glut of steel imports, on Wednesday issued
final anti-dumping duties on corrosion-resistant flat steel from
China, Taiwan, South Korea, India and Italy.
Read more
in a clamp-down on a glut of steel imports, on Wednesday issued
final anti-dumping duties on corrosion-resistant flat steel from
China, Taiwan, South Korea, India and Italy.
Read more
UPDATE 2-Kyrgyz court fines Centerra Gold unit Kumtor $98 mln
BISHKEK, May 25 (Reuters) - A court in Kyrgyzstan on
Wednesday fined the country's biggest gold miner, Kumtor
Operating Company, a unit of Canada's Centerra Gold Inc,
6.7 billion soms ($98 million) for environmental damage.
Read more
Wednesday fined the country's biggest gold miner, Kumtor
Operating Company, a unit of Canada's Centerra Gold Inc,
6.7 billion soms ($98 million) for environmental damage.
Read more
UPDATE 1-Workers at Toromocho copper mine in Peru plan strike May 31
LIMA, May 25 (Reuters) - Workers at Chinalco Mining Corp
International's copper mine Toromocho in Peru are
planning a four-day strike on Tuesday to press for the
reinstatement of a quarterly bonus tied to company results, the
union said on Wednesday.
Read more
International's copper mine Toromocho in Peru are
planning a four-day strike on Tuesday to press for the
reinstatement of a quarterly bonus tied to company results, the
union said on Wednesday.
Read more
Brazil's Usiminas appoints veteran executive Leite as CEO
SAO PAULO, May 25 (Reuters) - Usinas Siderúrgicas de Minas
Gerais SA, Brazil's largest listed flat steelmaker, on Wednesday
picked veteran executive Sergio Leite as its chief executive
officer.
Read more
Gerais SA, Brazil's largest listed flat steelmaker, on Wednesday
picked veteran executive Sergio Leite as its chief executive
officer.
Read more
Pakistan shares close lower; rupee steady, o/n rates fall
KARACHI, May 25 (Reuters) - Pakistan stocks closed lower on
profit-taking that extended from the previous session, dealers
said.
Read more
profit-taking that extended from the previous session, dealers
said.
Read more
MIDEAST STOCKS-Gulf rises on back of oil, global mood
DUBAI, May 25 (Reuters) - Gains for global equity and oil
markets boosted Gulf bourses on Wednesday with Saudi
petrochemical shares and Dubai real estate stocks leading the
gains.
Read more
markets boosted Gulf bourses on Wednesday with Saudi
petrochemical shares and Dubai real estate stocks leading the
gains.
Read more
UPDATE 1-Cameron says bids for Tata UK "encouraging"
NAGOYA, Japan/LONDON, May 25 (Reuters) - Tata Steel's
has received an encouraging number of serious offers
for its British assets Prime Minister David Cameron said on
Wednesday but also said there were no guarantees of a successful
conclusion.
Read more
has received an encouraging number of serious offers
for its British assets Prime Minister David Cameron said on
Wednesday but also said there were no guarantees of a successful
conclusion.
Read more
Reuters Business News Schedule at 0430 GMT/00.30AM ET
TOKYO - Japanese Finance Minister Taro Aso said he told his
G7 counterparts at a finance leaders' meeting last week that his
country will proceed with a scheduled sales tax hike next year.
(JAPAN-ECONOMY/ASO (UPDATE 1), moved, by Leika Kihara and
Stanley White, 380 words)
Read more
G7 counterparts at a finance leaders' meeting last week that his
country will proceed with a scheduled sales tax hike next year.
(JAPAN-ECONOMY/ASO (UPDATE 1), moved, by Leika Kihara and
Stanley White, 380 words)
Read more
Tuesday, May 24, 2016
UPDATE 1-Australia's Wesfarmers signals $1.6 bln hit on Target, coal
SYDNEY, May 25 (Reuters) - Wesfarmers Ltd,
Australia's biggest company by sales, on Wednesday said it will
take impairment charges totalling up to A$2.2 billion ($1.6
billion) in fiscal 2016 due to poor coal prices and market
conditions at department store Target.
Read more
Australia's biggest company by sales, on Wednesday said it will
take impairment charges totalling up to A$2.2 billion ($1.6
billion) in fiscal 2016 due to poor coal prices and market
conditions at department store Target.
Read more
Strong overseas demand boosts UK car production in April
LONDON, May 25 (Reuters) - British car production rose 16.4
percent year-on-year in April, boosted by strong demand from
overseas, an industry body said on Wednesday.
Read more
percent year-on-year in April, boosted by strong demand from
overseas, an industry body said on Wednesday.
Read more
At least four parties bid for Tata Steel's UK assets - sources
LONDON, May 24 (Reuters) - At least four parties have
submitted bids for the British assets of Tata Steel
ahead of the Indian company's board meeting this week that could
determine their fate, according to sources close to the bidders.
Read more
submitted bids for the British assets of Tata Steel
ahead of the Indian company's board meeting this week that could
determine their fate, according to sources close to the bidders.
Read more
CORRECTED-Kinross continues processing at strike-hit Mauritania gold mine
May 24 (Reuters) - The processing facility remains in
operation at Kinross Gold Corp's Tasiast mine in
Mauritania, a spokesman for the miner said on Tuesday after
workers at the site went on strike.
Read more
operation at Kinross Gold Corp's Tasiast mine in
Mauritania, a spokesman for the miner said on Tuesday after
workers at the site went on strike.
Read more
UPDATE 1-Monsanto to reject Bayer bid, seek higher price-sources
NEW YORK, May 24 (Reuters) - Monsanto Co, the
world's largest seed company, will reject Bayer AG's
$62 billion acquisition bid and seek a higher price, two people
familiar with the matter said on Tuesday.
Read more
world's largest seed company, will reject Bayer AG's
$62 billion acquisition bid and seek a higher price, two people
familiar with the matter said on Tuesday.
Read more
Russian economy minister: Alrosa is ready for privatisation - reports
MOSCOW, May 24 (Reuters) - Russian diamond producer Alrosa
is ready for privatisation, Russian Economy Minister
Alexei Ulyukayev was quoted as saying by Russian news agencies
on Tuesday.
Read more
is ready for privatisation, Russian Economy Minister
Alexei Ulyukayev was quoted as saying by Russian news agencies
on Tuesday.
Read more
CFO of Russian coal and steel group Mechel to leave
MOSCOW, May 24 (Reuters) - Andrey Slivchenko, chief
financial officer of Mechel, is to leave following the
expiry of his two-year contract, the Russian coal and steel
producer said in a statement on Tuesday.
Read more
financial officer of Mechel, is to leave following the
expiry of his two-year contract, the Russian coal and steel
producer said in a statement on Tuesday.
Read more
RPT-COLUMN-Coking coal's sensible response to China's steel boom: Russell
LAUNCESTON, Australia, May 24 (Reuters) - With China's steel
and iron ore bubble popped, the market is struggling to work out
what price levels these commodities should be trading around.
Perhaps coking coal provides good guidance.
Read more
and iron ore bubble popped, the market is struggling to work out
what price levels these commodities should be trading around.
Perhaps coking coal provides good guidance.
Read more
China's Li says reducing excess capacity is key task in supply-side reform
BEIJING, May 24 (Reuters) - China's Premier Li Keqiang said
that reducing excess capacity in industry remains the key task
in carrying out supply-side reform.
Read more
that reducing excess capacity in industry remains the key task
in carrying out supply-side reform.
Read more
Pakistan shares close lower; rupee stronger, o/n rates flat
KARACHI, May 24 (Reuters) - Pakistan stocks closed lower on
Tuesday on profit-taking as investors cashed in after the index
rose for six straight sessions, dealers said.
Read more
Tuesday on profit-taking as investors cashed in after the index
rose for six straight sessions, dealers said.
Read more
UPDATE 1-Indonesia renews Newmont Mining's copper export licence for six months
JAKARTA, May 24 (Reuters) - Indonesia's mining ministry
recommended renewing the export licence for the local unit of
U.S. copper and gold miner Newmont Mining Corp to export
copper concentrate for the next six months, a ministry official
said on Tuesday.
Read more
recommended renewing the export licence for the local unit of
U.S. copper and gold miner Newmont Mining Corp to export
copper concentrate for the next six months, a ministry official
said on Tuesday.
Read more
Venezuela to rejoin global group fighting conflict diamonds
DUBAI, May 24 (Reuters) - Venezuela expects to rejoin the
global watchdog established to stop trade in conflict diamonds
as it seeks to resume diamond exports, its central bank director
said on Tuesday.
Read more
global watchdog established to stop trade in conflict diamonds
as it seeks to resume diamond exports, its central bank director
said on Tuesday.
Read more
Evonik and Richemont fall as European stock markets slip
LONDON, May 24 (Reuters) - European shares slipped lower on
Tuesday, as the prospect of a possible U.S. interest rate
increase in coming weeks knocked back global stock markets.
Read more
Tuesday, as the prospect of a possible U.S. interest rate
increase in coming weeks knocked back global stock markets.
Read more
BUZZ-De La Rue: 11-month high on strong FY, loss-making unit sale
** De La Rue +c.6% & top FTSE Small Cap
gainer & trading near highest in >11 months, after banknote
printer's sale of a loss-making unit, in-line results encourage
analysts to upgrade FY estimates
Read more
gainer & trading near highest in >11 months, after banknote
printer's sale of a loss-making unit, in-line results encourage
analysts to upgrade FY estimates
Read more
COLUMN-Coking coal's sensible response to China's steel boom: Russell
LAUNCESTON, Australia, May 24 (Reuters) - With China's steel
and iron ore bubble popped, the market is struggling to work out
what price levels these commodities should be trading around.
Perhaps coking coal provides good guidance.
Read more
and iron ore bubble popped, the market is struggling to work out
what price levels these commodities should be trading around.
Perhaps coking coal provides good guidance.
Read more
Indonesia renews Newmont Mining's copper export licence for six months
JAKARTA, May 24 (Reuters) - Indonesia's mining ministry has
issued the local unit of U.S. copper and gold miner Newmont
Mining Corp with a recommendation to continue copper
concentrate exports for the next six months, a ministry official
said on Tuesday.
Read more
issued the local unit of U.S. copper and gold miner Newmont
Mining Corp with a recommendation to continue copper
concentrate exports for the next six months, a ministry official
said on Tuesday.
Read more
Monday, May 23, 2016
Reuters Business News Schedule at 0430 GMT/00.30AM ET
PHILADELPHIA - The Federal Reserve will likely raise
interest rates two or three times this year, another top Fed
official said, reinforcing the central bank's message it is
getting ready to act now that the U.S. economy has recovered
from a weak winter. (USA-FED/HARKER, moved, 225 words)
Read more
interest rates two or three times this year, another top Fed
official said, reinforcing the central bank's message it is
getting ready to act now that the U.S. economy has recovered
from a weak winter. (USA-FED/HARKER, moved, 225 words)
Read more
UPDATE 1-Strongest El Nino in nearly 20 years ends - Australian weather bureau
SYDNEY, May 24 (Reuters) - The strongest El Nino in nearly
20 years, which damaged crop production in Asia and caused food
shortages, has ended, the Australian Bureau of Meteorology (BOM)
said on Tuesday.
Read more
20 years, which damaged crop production in Asia and caused food
shortages, has ended, the Australian Bureau of Meteorology (BOM)
said on Tuesday.
Read more
UPDATE 1-New Mexico sues EPA, mine owners over massive gold mine waste spill
May 23 (Reuters) - New Mexico sued the U.S. Environmental
Protection Agency, an agency contractor and two mining companies
on Monday over the 2015 breach of an abandoned Colorado gold
mine that spilled some 3 million gallons of toxic wastewater
into three states.
Read more
Protection Agency, an agency contractor and two mining companies
on Monday over the 2015 breach of an abandoned Colorado gold
mine that spilled some 3 million gallons of toxic wastewater
into three states.
Read more
Peru declares mining-related emergency in remote part of Amazon
LIMA, May 23 (Reuters) - Peruvian President Ollanta Humala
has declared a 60-day emergency in a remote part of the Amazon
to curb high levels of mercury poisoning from rampant illegal
gold mining, the country's environment minister said on Monday.
Read more
has declared a 60-day emergency in a remote part of the Amazon
to curb high levels of mercury poisoning from rampant illegal
gold mining, the country's environment minister said on Monday.
Read more
MIDEAST STOCKS-Saudi slumps over 3 pct, other bourses mixed
DUBAI, May 23 (Reuters) - Saudi Arabia's stock index
sank 3.1 percent on Monday as investors sold shares
indiscriminately, while the United Arab Emirates and Qatar held
onto small gains. Egypt fell as foreign funds exited the market.
Read more
sank 3.1 percent on Monday as investors sold shares
indiscriminately, while the United Arab Emirates and Qatar held
onto small gains. Egypt fell as foreign funds exited the market.
Read more
UPDATE 6-Bayer defies critics with $62 billion Monsanto offer
* Bayer shares fall as much as 3.6 pct to 2-1/2 year low
(Adds Bayer CEO, analyst comments, deal multiples, updates
shares)
Read more
(Adds Bayer CEO, analyst comments, deal multiples, updates
shares)
Read more
Pakistan shares end slightly higher; rupee weakens, o/n rates fall
KARACHI, May 23 (Reuters) - Pakistan stocks closed
marginally higher on Monday, with banks taking a hit after the
central bank cut interest rates over the weekend, and energy
stocks drop following lower global oil prices, analysts said.
Read more
marginally higher on Monday, with banks taking a hit after the
central bank cut interest rates over the weekend, and energy
stocks drop following lower global oil prices, analysts said.
Read more
U.S. top court rejects Dow bid to restore $30.5 million in patent damages
WASHINGTON, May 23 (Reuters) - The U.S. Supreme Court on
Monday rejected a Dow Chemical Co bid to salvage $30.5
million in patent infringement damages in a lengthy legal fight
with Nova Chemicals Corp over two patents relating to
plastic film.
Read more
Monday rejected a Dow Chemical Co bid to salvage $30.5
million in patent infringement damages in a lengthy legal fight
with Nova Chemicals Corp over two patents relating to
plastic film.
Read more
Britain's FTSE edges lower as commodities stocks slip
LONDON, May 23 (Reuters) - Britain's top share index edged
lower on Monday, with a drop in the prices of crude oil and
industrial metals putting pressure on commodities-related
stocks.
Read more
lower on Monday, with a drop in the prices of crude oil and
industrial metals putting pressure on commodities-related
stocks.
Read more
COLUMN-China's May iron ore imports stay robust, majors squeeze rivals: Russell
LAUNCESTON, Australia, May 23 (Reuters) - China's imports of
iron ore are likely to have maintained their recent strength in
May, as top suppliers Australia and Brazil continue to squeeze
market share from smaller rivals.
Read more
iron ore are likely to have maintained their recent strength in
May, as top suppliers Australia and Brazil continue to squeeze
market share from smaller rivals.
Read more
UPDATE 1-Taiwan's new financial regulator won't push for bank consolidation
TAIPEI, May 23 (Reuters) - Taiwan's top financial regulator
said on Monday it won't encourage consolidation in the island's
crowded banking sector, dashing expectations of some in the
market that the newly-elected government would push for local
mergers.
Read more
said on Monday it won't encourage consolidation in the island's
crowded banking sector, dashing expectations of some in the
market that the newly-elected government would push for local
mergers.
Read more
Sunday, May 22, 2016
UK advisers struggling with Chinese stock listings - survey
LONDON, May 23 (Reuters) - Almost two-thirds of the advisory
firms who assist in stock exchange listings in London say they
are struggling to guide Chinese firms through the process, a
survey showed, in the latest sign of problems with such initial
public offerings.
Read more
firms who assist in stock exchange listings in London say they
are struggling to guide Chinese firms through the process, a
survey showed, in the latest sign of problems with such initial
public offerings.
Read more
Reuters Business News Schedule at 0430 GMT/00.30AM ET
TOKYO - Italian and Japanese deputy central bank governors
warn of the damage a de-anchoring of inflation expectations
could inflict on their economies, as the euro-zone and Japan
suffer from anaemic inflation despite years of aggressive
monetary easing. (JAPAN-ECONOMY/BANK OF ITALY (UPDATE 1), moved,
by Stanley White and Leika Kihara, 390 words)
Read more
warn of the damage a de-anchoring of inflation expectations
could inflict on their economies, as the euro-zone and Japan
suffer from anaemic inflation despite years of aggressive
monetary easing. (JAPAN-ECONOMY/BANK OF ITALY (UPDATE 1), moved,
by Stanley White and Leika Kihara, 390 words)
Read more
UPDATE 2-Buyout group to back rival's bid for Tata's UK steel assets - sources
LONDON/MUMBAI, May 22 (Reuters) - Excalibur Steel, a
management buyout group interested in purchasing Tata Steel's
British steelmaking operations, is ready to lend its support to
rival bidder Liberty House, two industry sources told Reuters on
Sunday.
Read more
management buyout group interested in purchasing Tata Steel's
British steelmaking operations, is ready to lend its support to
rival bidder Liberty House, two industry sources told Reuters on
Sunday.
Read more
MIDEAST STOCKS-Gulf markets fall as investors take profits; Egypt sags
DUBAI, May 22 (Reuters) - Stock markets in the Gulf fell on
Sunday as investors took profits, taking their cue from a dip in
Brent oil futures at the end of last week, while
concerns over security risks put pressure on Egyptian shares.
Read more
Sunday as investors took profits, taking their cue from a dip in
Brent oil futures at the end of last week, while
concerns over security risks put pressure on Egyptian shares.
Read more
Rival suitors consider joint bid for Tata's UK steel assets -Sunday Times
LONDON, May 22 (Reuters) - Excalibur Steel, a management
buyout group interested in purchasing Tata Steel's British
steelmaking operations, is considering joining forces with rival
bidder Liberty House, The Sunday Times newspaper reported.
Read more
buyout group interested in purchasing Tata Steel's British
steelmaking operations, is considering joining forces with rival
bidder Liberty House, The Sunday Times newspaper reported.
Read more
Chile's Bachelet scales back reform agenda due to slow economy
SANTIAGO, May 21 (Reuters) - Chilean President Michelle
Bachelet said on Saturday that some of her proposed reforms
would have to wait because of the economic slowdown and tepid
political support, but she pledged to push changes to the
pension and education systems.
Read more
Bachelet said on Saturday that some of her proposed reforms
would have to wait because of the economic slowdown and tepid
political support, but she pledged to push changes to the
pension and education systems.
Read more
Saturday, May 21, 2016
U.S. measures to protect steel sector do not address root problem - China Commerce Ministry
SHANGHAI, May 21 (Reuters) - U.S. efforts to protect its
steel industry will not solve the sector's fundamental problems,
which stem from past protectionist measures, China's Ministry of
Commerce said on Saturday.
Read more
steel industry will not solve the sector's fundamental problems,
which stem from past protectionist measures, China's Ministry of
Commerce said on Saturday.
Read more
UPDATE 1-Freeport's oil and gas business scraps IPO
May 20 (Reuters) - Freeport-McMoRan Inc's oil and gas
business has withdrawn its initial public offering as
weak oil prices dent valuations of oil producers.
Read more
business has withdrawn its initial public offering as
weak oil prices dent valuations of oil producers.
Read more
Friday, May 20, 2016
Canada wildfire moves into Saskatchewan, but little risk to mines, farms
May 20 (Reuters) - A Canadian wildfire has moved from
oil-rich Alberta into Saskatchewan, but that province's fertile
farms and lucrative mines are tucked far away from the blaze's
path.
Read more
oil-rich Alberta into Saskatchewan, but that province's fertile
farms and lucrative mines are tucked far away from the blaze's
path.
Read more
Freeport's oil and gas business scraps IPO
May 20 (Reuters) - Freeport-McMoRan Inc's oil and gas
business filed on Friday to withdraw its initial public
offering amid a prolonged slump in oil prices.
Read more
business filed on Friday to withdraw its initial public
offering amid a prolonged slump in oil prices.
Read more
Protesters return to Baghdad's Green Zone, sparking violence
BAGHDAD (Reuters) - Iraqi security forces opened fire on protesters who stormed into Baghdad's heavily-fortified Green Zone and entered at least one government building, drawing calls for revolt from a powerful Shi'ite Muslim cleric.
Read more
Read more
Egypt finds human remains and belongings from plane crash at sea
CAIRO (Reuters) - Egypt said on Friday that its navy had found human remains, wreckage and the personal belongings of passengers floating in the Mediterranean, confirmation that an EgyptAir jet had plunged into the sea with 66 people on board.
Read more
Read more
Guinea says to work with Global Witness over corruption allegations
CONAKRY, May 20 (Reuters) - Guinea will work with Global
Witness to gather evidence for a judicial investigation into
allegations by the watchdog group that Sable Mining Africa Ltd
provided money used for bribes to further its business
interests, a government spokesman said.
Read more
Witness to gather evidence for a judicial investigation into
allegations by the watchdog group that Sable Mining Africa Ltd
provided money used for bribes to further its business
interests, a government spokesman said.
Read more
Coca-Cola HBC leads Britain's FTSE share index higher
LONDON, May 20 (Reuters) - Britain's top share index ended
sharply higher on Friday, with bottling company Coca-Cola HBC
rallying on the prospects of a margin recovery and
commodities stocks partially recovering after slumping in the
previous two straight sessions.
Read more
sharply higher on Friday, with bottling company Coca-Cola HBC
rallying on the prospects of a margin recovery and
commodities stocks partially recovering after slumping in the
previous two straight sessions.
Read more
UPDATE 1-Bayer's Monsanto approach sparks shareholder uproar
* Investors, analysts question size, financing of deal
(Adds Germany-based fund manager, analyst comment)
Read more
(Adds Germany-based fund manager, analyst comment)
Read more
UPDATE 1-Zimbabwe's platinum industry calls for $2.8 bln in new investment
HARARE, May 20, (Reuters) - Zimbabwe could double annual
platinum production to more than 900,000 ounces in the next
decade, making the metal the nation's top export earner but
current producers need $2.8 billion in new investment to do so,
an industry association said on Friday.
Read more
platinum production to more than 900,000 ounces in the next
decade, making the metal the nation's top export earner but
current producers need $2.8 billion in new investment to do so,
an industry association said on Friday.
Read more
Pakistan shares close higher; rupee weaker, o/n rates fall
KARACHI, May 20 (Reuters) - Pakistan stocks inched up on
Friday after profit-taking pulled down shares in the second half
of the session, but extended gains from Thursday to close 1.6
percent higher on the week ahead of the central bank's monetary
policy, dealers said.
Read more
Friday after profit-taking pulled down shares in the second half
of the session, but extended gains from Thursday to close 1.6
percent higher on the week ahead of the central bank's monetary
policy, dealers said.
Read more
Zimbabwe's platinum industry calls for $2.8 bln in new investment
HARARE, May 20, (Reuters) - Zimbabwe could double annual
platinum production to more than 900,000 ounces in the next
decade and become the nation's top export earner but current
producers need $2.8 billion in new investment to do so, the
industry associaton said on Friday.
Read more
platinum production to more than 900,000 ounces in the next
decade and become the nation's top export earner but current
producers need $2.8 billion in new investment to do so, the
industry associaton said on Friday.
Read more
India's top court issues rare warrant in Gujarat silicosis deaths case
MUMBAI, May 20 (Thomson Reuters Foundation) - India's top
court has issued a rare warrant against the chief of the
country's pollution control board in the decade-old case of
stone workers in Gujarat state who died of silicosis.
Read more
court has issued a rare warrant against the chief of the
country's pollution control board in the decade-old case of
stone workers in Gujarat state who died of silicosis.
Read more
UPDATE 1-Tanzania to start building $3 bln fertiliser plant this year
DAR ES SALAAM, May 20 (Reuters) - Tanzania plans to start
work this year on a $3 billion fertiliser plant, which it said
on Friday will be Africa's largest, as part of an effort to
increase its agricultural production.
Read more
work this year on a $3 billion fertiliser plant, which it said
on Friday will be Africa's largest, as part of an effort to
increase its agricultural production.
Read more
Sluggish Chinese demand, new battery tax weighs on lead
LONDON/MELBOURNE, May 20 (Reuters) - Lead, the worst
performing industrial metal on the London Metal Exchange this
year, is set to stay under pressure due to weak demand in China,
where a new tax has been slapped on lead-acid batteries and
authorities are cracking down on electric-bikes.
Read more
performing industrial metal on the London Metal Exchange this
year, is set to stay under pressure due to weak demand in China,
where a new tax has been slapped on lead-acid batteries and
authorities are cracking down on electric-bikes.
Read more
Brazil police widen Odebrecht probe with Angola contracts
BRASILIA, May 20 (Reuters) - Brazil's federal police on
Friday said they widened a probe of construction conglomerate
Odebrecht SA to investigate possible money
laundering and influence peddling in contracts awarded for
projects in Angola.
Read more
Friday said they widened a probe of construction conglomerate
Odebrecht SA to investigate possible money
laundering and influence peddling in contracts awarded for
projects in Angola.
Read more
REFILE-Britain's FTSE led higher by Coca-Cola HBC and miners
LONDON, May 20 (Reuters) - UK shares rose on Friday, set for
their biggest daily gain in more than a month after a rise in
bottling company Coca-Cola HBC and a rally in mining
stocks.
Read more
their biggest daily gain in more than a month after a rise in
bottling company Coca-Cola HBC and a rally in mining
stocks.
Read more
Tanzania to begin building $3 bln fertiliser plant this year
DAR ES SALAAM, May 20 (Reuters) - Tanzania said on Friday it
plans to start building a $3 billion fertiliser factory in
partnership with a consortium of investors from Germany, Denmark
and Pakistan this year.
Read more
plans to start building a $3 billion fertiliser factory in
partnership with a consortium of investors from Germany, Denmark
and Pakistan this year.
Read more
VW agrees to 4.8 percent pay raise for workers at German plants
HANOVER, Germany, May 20 (Reuters) - Volkswagen
and Germany's powerful IG Metall labour union agreed a 4.8
percent pay increase for around 120,000 workers at the
carmaker's western German plants.
Read more
and Germany's powerful IG Metall labour union agreed a 4.8
percent pay increase for around 120,000 workers at the
carmaker's western German plants.
Read more
Thursday, May 19, 2016
Mongolia's new election rules handicap smaller parties, clear way for two-horse race
ULAANBAATAR, May 20 (Reuters) - Democratic values that
flourished in Mongolia in the quarter century since communism
crumbled have been eroded, according to small parties that have
been marginalised by changes to election rules ahead of next
month's parliamentary poll.
Read more
flourished in Mongolia in the quarter century since communism
crumbled have been eroded, according to small parties that have
been marginalised by changes to election rules ahead of next
month's parliamentary poll.
Read more
Reuters Business News Schedule at 0430 GMT/00.30AM ET
BEIJING - China's cabinet appoints a former International
Monetary Fund (IMF) official as a new deputy governor of the
central bank, the latest appointment following recent upheavals
in the country's currency and financial markets.
(CHINA-GOVERNMENT/APPOINTMENT (UPDATE 1), moved, 360 words)
Read more
Monetary Fund (IMF) official as a new deputy governor of the
central bank, the latest appointment following recent upheavals
in the country's currency and financial markets.
(CHINA-GOVERNMENT/APPOINTMENT (UPDATE 1), moved, 360 words)
Read more
G7 leaders to discuss steel overcapacity crisis- White House adviser
WASHINGTON, May 19 (Reuters) - Leaders from the Group of
Seven advanced economies will discuss actions to reduce global
industrial overcapacity, with an emphasis on the current steel
glut, when they meet in Japan next week, a senior White House
aide said on Thursday.
Read more
Seven advanced economies will discuss actions to reduce global
industrial overcapacity, with an emphasis on the current steel
glut, when they meet in Japan next week, a senior White House
aide said on Thursday.
Read more
Rush for ag-chem megadeals clogs regulatory path, worries farmers
WASHINGTON/CHICAGO, May 19 (Reuters) - As Bayer AG
joins the agricultural sector's scramble to
consolidate, its bid for Monsanto Co may be a tipping
point for U.S. farmers, federal lawmakers and regulators
concerned the tie-ups may harm the farm economy.
Read more
joins the agricultural sector's scramble to
consolidate, its bid for Monsanto Co may be a tipping
point for U.S. farmers, federal lawmakers and regulators
concerned the tie-ups may harm the farm economy.
Read more
Too costly to shut: Mine sales stumble on looming clean-ups
MELBOURNE, May 20 (Reuters) - Major miners are trying to
avoid hundreds of millions of dollars in closure costs by
selling off pits, as cash is tight due to a prolonged
commodities price slump, but the crippling cost of environmental
rehabilitation makes it tough to seal deals.
Read more
avoid hundreds of millions of dollars in closure costs by
selling off pits, as cash is tight due to a prolonged
commodities price slump, but the crippling cost of environmental
rehabilitation makes it tough to seal deals.
Read more
Britain's FTSE falls as travel stocks suffer
* Prospect of U.S. Fed rate hike puts pressure on
commodities
(ADVISORY- Reuters plans to replace intra-day European and UK
stock market reports with a Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets
for site in development. See the bottom of the report for more
details)
Read more
commodities
(ADVISORY- Reuters plans to replace intra-day European and UK
stock market reports with a Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets
for site in development. See the bottom of the report for more
details)
Read more
CANADA STOCKS-TSX down as Fed rate-hike speculation weighs on commodities
TORONTO, May 19 (Reuters) - Canada's main stock index fell
on Thursday to a one-week low, including losses for energy and
financial stocks as Federal Reserve interest rate hike
speculation weighed on commodity prices.
Read more
on Thursday to a one-week low, including losses for energy and
financial stocks as Federal Reserve interest rate hike
speculation weighed on commodity prices.
Read more
Euro 2016 soccer may raise beverage cans demand says Novelis CEO
HAMBURG, May 19 (Reuters) - Soccer's Euro 2016 could help raise demand for aluminium for beverage cans, as fans enjoy beer or soft drinks while watching their national teams, the head of Novelis, the world's largest rolled aluminium producer, said.
Read more
Read more
RPT-UPDATE 1-As Monsanto fights Argentina over soy, company eyes Brazil
CHICAGO, May 18 (Reuters) - A day after Monsanto Co
said it would stop the launch of its latest soybean trait in
Argentina due to concerns over royalty payments, company
executives downplayed the impact and sought to turn the focus to
business prospects in neighboring Brazil instead.
Read more
said it would stop the launch of its latest soybean trait in
Argentina due to concerns over royalty payments, company
executives downplayed the impact and sought to turn the focus to
business prospects in neighboring Brazil instead.
Read more
Pakistan shares hit record high; rupee weakens, o/n rates rise
KARACHI, May 19 (Reuters) - Pakistan stocks closed at a
record high on Thursday, helped by good foreign investor
inflows, dealers said.
Read more
record high on Thursday, helped by good foreign investor
inflows, dealers said.
Read more
EU delays vote on weed-killer glyphosate licence amid cancer row
BERLIN/BRUSSELS, May 19 (Reuters) - The European Union on
Thursday delayed a vote on renewing sales approval for the
pesticide glyphosate, used in Monsanto's weed-killer
Roundup, amid a transatlantic row over whether it may cause
cancer.
Read more
Thursday delayed a vote on renewing sales approval for the
pesticide glyphosate, used in Monsanto's weed-killer
Roundup, amid a transatlantic row over whether it may cause
cancer.
Read more
Britain's FTSE falls as travel stocks suffer
* Prospect of U.S. Fed rate hike puts pressure on miners
(ADVISORY- Reuters plans to replace intra-day European and UK
stock market reports with a Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets
for site in development. See the bottom of the report for more
details)
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. See the bottom of the report for more
details)
Read more
RPT-COLUMN-Ramping up actions, rhetoric won't solve global steel glut: Russell
LAUNCESTON, Australia, May 19 (Reuters) - If you want an
example of how not to solve an intractable problem, look no
further than the tit-for-tat measures on steel announced by the
United States and China.
Read more
example of how not to solve an intractable problem, look no
further than the tit-for-tat measures on steel announced by the
United States and China.
Read more
UPDATE 1-Russia's TMK sees flat core earnings in 2016
MOSCOW, May 19 (Reuters) - TMK, Russia's largest
maker of steel pipes for the oil and gas industry, expects its
2016 core earnings to be flat compared with last year, amid a
stable Russian market and a recovery at its U.S business from a
weak first quarter
Read more
maker of steel pipes for the oil and gas industry, expects its
2016 core earnings to be flat compared with last year, amid a
stable Russian market and a recovery at its U.S business from a
weak first quarter
Read more
UPDATE 1-SCA bets on emerging markets growth, zooms in on efficiency
STOCKHOLM, May 19 (Reuters) - SCA, maker of toilet
paper and napkins, on Thursday predicted annual demand growth of
1-2 percent in hygiene products in mature markets and 5-7
percent growth in emerging markets between 2015 to 2020.
Read more
paper and napkins, on Thursday predicted annual demand growth of
1-2 percent in hygiene products in mature markets and 5-7
percent growth in emerging markets between 2015 to 2020.
Read more
Major Bayer investor 'deeply concerned' about move for Monsanto
LONDON, May 19 (Reuters) - A top investor in German
chemicals company Bayer said he was "deeply
concerned" about a potential acquisition of U.S. rival Monsanto
, and would prefer the firms to agree a joint venture or
a nil-premium merger.
Read more
chemicals company Bayer said he was "deeply
concerned" about a potential acquisition of U.S. rival Monsanto
, and would prefer the firms to agree a joint venture or
a nil-premium merger.
Read more
U.N.'s rights chief urges firms to follow Pfizer's lead on death penalty
GENEVA, May 19 (Reuters) - U.N. High Commissioner for Human
Rights Zeid Ra'ad al Hussein praised Pfizer on Thursday for
banning sales of its chemicals that have been used for lethal
injections in some U.S. states, and urged other companies to
follow its lead.
Read more
Rights Zeid Ra'ad al Hussein praised Pfizer on Thursday for
banning sales of its chemicals that have been used for lethal
injections in some U.S. states, and urged other companies to
follow its lead.
Read more
UPDATE 2-China tells bloated state firms to cut fat, improve competitiveness
BEIJING, May 18 (Reuters) - Chinese state firms should cut
excessive management, reduce costs and adopt market-based
operations to improve their competitiveness, the country's
cabinet on Wednesday.
Read more
excessive management, reduce costs and adopt market-based
operations to improve their competitiveness, the country's
cabinet on Wednesday.
Read more
Wednesday, May 18, 2016
Chinese company doubles Papua New Guinea copper mine cost to $3.6 bln
SYDNEY, May 19 (Reuters) - A Chinese conglomerate planning
to develop the Frieda River copper project in Papua New Guinea
has more than doubled the estimated construction cost for the
mine to $3.6 billion after boosting its potential production
capacity.
Read more
to develop the Frieda River copper project in Papua New Guinea
has more than doubled the estimated construction cost for the
mine to $3.6 billion after boosting its potential production
capacity.
Read more
COLUMN-Ramping up actions, rhetoric won't solve global steel glut: Russell
LAUNCESTON, Australia, May 19 (Reuters) - If you want an
example of how not to solve an intractable problem, look no
further than the tit-for-tat measures on steel announced by the
United States and China.
Read more
example of how not to solve an intractable problem, look no
further than the tit-for-tat measures on steel announced by the
United States and China.
Read more
UPDATE 1-As Monsanto fights Argentina over soy, company eyes Brazil
CHICAGO, May 18 (Reuters) - A day after Monsanto Co
said it would stop the launch of its latest soybean trait in
Argentina due to concerns over royalty payments, company
executives downplayed the impact and sought to turn the focus to
business prospects in neighboring Brazil instead.
Read more
said it would stop the launch of its latest soybean trait in
Argentina due to concerns over royalty payments, company
executives downplayed the impact and sought to turn the focus to
business prospects in neighboring Brazil instead.
Read more
Peru's Fujimori takes tough stance on Southern Copper Tia Maria project
LIMA, May 18 (Reuters) - Peruvian presidential contender
Keiko Fujimori said it would take "many years" for Southern
Copper Corp to regain the trust of farmers, which she
said is part of the community support she considers critical to
developing the company's $1.4 billion Tia Maria copper project.
Read more
Keiko Fujimori said it would take "many years" for Southern
Copper Corp to regain the trust of farmers, which she
said is part of the community support she considers critical to
developing the company's $1.4 billion Tia Maria copper project.
Read more
UPDATE 2-Tesla plans to sell $1.7 bln in new stock to fund Model 3
DETROIT/SAN FRANCISCO, May 18 (Reuters) - Tesla Motors Inc
will offer up to $1.7 billion of new common stock to
finance the accelerated launch of its new Model 3 electric
sedan, the electric luxury car maker said on Wednesday.
Read more
will offer up to $1.7 billion of new common stock to
finance the accelerated launch of its new Model 3 electric
sedan, the electric luxury car maker said on Wednesday.
Read more
RPT-Diamonds no longer forever as miners seek new marketing polish
BRUSSELS, May 18 (Reuters) - The Diamond Producers'
Association, set up last year, to spur demand, will launch a
slogan early in June to replace "diamonds are forever", viewed
as one of the most successful campaigns of all time but in need
of updating, it said on Wednesday.
Read more
Association, set up last year, to spur demand, will launch a
slogan early in June to replace "diamonds are forever", viewed
as one of the most successful campaigns of all time but in need
of updating, it said on Wednesday.
Read more
UPDATE 1-Halcón reaches pact with creditors on prepackaged bankruptcy plan
May 18 (Reuters) - Halcón Resources Corp, which
produces oil in Texas and North Dakota, said on Wednesday it
plans to file for a prepackaged bankruptcy that would wipe out
$1.8 billion in debt and help it survive the drop in crude
prices.
Read more
produces oil in Texas and North Dakota, said on Wednesday it
plans to file for a prepackaged bankruptcy that would wipe out
$1.8 billion in debt and help it survive the drop in crude
prices.
Read more
UPDATE 2-U.S. grain handler Andersons rejects HC2's $1 bln bid
May 18 (Reuters) - Loss-making U.S. grain handler Andersons
Inc on Wednesday rejected a $1 billion takeover offer
from HC2 Holdings Inc as too low, calling the bid an
attempt to capitalize on a sharp downturn in the agricultural
economy.
Read more
Inc on Wednesday rejected a $1 billion takeover offer
from HC2 Holdings Inc as too low, calling the bid an
attempt to capitalize on a sharp downturn in the agricultural
economy.
Read more
Blue diamond soars to world record $57.6 million at Christie's
GENEVA, May 18 (Reuters) - The "Oppenheimer Blue", the
largest and finest fancy vivid blue diamond ever offered at
auction, sold for a world record 56.837 million Swiss francs
($57.6 million) on Wednesday after dramatic see-saw bidding,
Christie's said.
Read more
largest and finest fancy vivid blue diamond ever offered at
auction, sold for a world record 56.837 million Swiss francs
($57.6 million) on Wednesday after dramatic see-saw bidding,
Christie's said.
Read more
UPDATE 1-Blue diamond soars to world record $57.6 million at Christie's
GENEVA, May 18 (Reuters) - The "Oppenheimer Blue", a large
and rare diamond, sold for 56.837 million Swiss francs ($57.6
million) at auction on Wednesday, setting a world record for any
gem after a dramatic see-saw bidding process, Christie's in
Geneva said.
Read more
and rare diamond, sold for 56.837 million Swiss francs ($57.6
million) at auction on Wednesday, setting a world record for any
gem after a dramatic see-saw bidding process, Christie's in
Geneva said.
Read more
Takeover talk by rival 'wild speculation' -Monsanto executive
NEW YORK, May 18 (Reuters) - Talk of a takeover of Monsanto
Co by rivals Bayer AG or BASF SE
is "wild speculation," and Monsanto is staying focused on its
own strategy, president and chief operating officer Brett
Begemann said on Wednesday.
Read more
Co by rivals Bayer AG or BASF SE
is "wild speculation," and Monsanto is staying focused on its
own strategy, president and chief operating officer Brett
Begemann said on Wednesday.
Read more
Diamonds no longer forever as miners seek new marketing polish
BRUSSELS, May 18 (Reuters) - The Diamond Producers'
Association, set up last year, to spur demand, will launch a
slogan early in June to replace "diamonds are forever", viewed
as one of the most successful campaigns of all time but in need
of updating, it said on Wednesday.
Read more
Association, set up last year, to spur demand, will launch a
slogan early in June to replace "diamonds are forever", viewed
as one of the most successful campaigns of all time but in need
of updating, it said on Wednesday.
Read more
RPT-Best friends? Anglo keeps De Beers' diamonds
ANTWERP, May 18 (Reuters) - Mining group Anglo American
has retained De Beers as a prize asset after a radical
overhaul in the belief that surging Chinese and Indian demand
for diamonds will outstrip dwindling supply even after a 2015
crunch.
Read more
has retained De Beers as a prize asset after a radical
overhaul in the belief that surging Chinese and Indian demand
for diamonds will outstrip dwindling supply even after a 2015
crunch.
Read more
Saudi's Binladin secures bank loan to ease finance crunch -sources
RIYADH/DUBAI, May 18 (Reuters) - Construction firm Saudi
Binladin Group has secured a 2.5 billion riyal ($667 million)
loan from local banks to ease its financial pressures, banking
sources aware of the matter said on Wednesday.
Read more
Binladin Group has secured a 2.5 billion riyal ($667 million)
loan from local banks to ease its financial pressures, banking
sources aware of the matter said on Wednesday.
Read more
UPDATE 1-Norway awards 10 new oil licences for exploration in Arctic
* Greenpeace criticises awards
(Adds details of awards, minister's comments, Greenpeace
comments)
Read more
(Adds details of awards, minister's comments, Greenpeace
comments)
Read more
UPDATE 1-ICL profits drop on weak fertiliser sales, to cut dividend
TEL AVIV, May 18 (Reuters) - Israel Chemicals (ICL)
on Wednesday reported a 50 percent drop in first-quarter
earnings due to a fall in fertiliser sales and said it would cut
its dividend payout ratio because of weakness in agricultural
markets.
Read more
on Wednesday reported a 50 percent drop in first-quarter
earnings due to a fall in fertiliser sales and said it would cut
its dividend payout ratio because of weakness in agricultural
markets.
Read more
Russia's VTB to grow trading to help Russian commodity exports
LONDON, May 18 (Reuters) - Russia's second largest bank,
state-controlled VTB, is growing its commodities trading
business to help the country's oil, coal and metals producers
expand in new markets from China to Africa.
Read more
state-controlled VTB, is growing its commodities trading
business to help the country's oil, coal and metals producers
expand in new markets from China to Africa.
Read more
China's top 10 cement and glass firms to control 60 percent of capacity by 2020
BEIJING, May 18 (Reuters) - China will put 60 percent of its
cement and glass capacity in the hands of the biggest 10 firms
by 2020, the cabinet said on Wednesday.
Read more
cement and glass capacity in the hands of the biggest 10 firms
by 2020, the cabinet said on Wednesday.
Read more
China accuses U.S. of "unfair methods" in steel dumping probe
BEIJING, May 18 (Reuters) - The United States has employed
"unfair methods" during an anti-dumping investigation into
Chinese cold-rolled steel products and should rectify its
mistakes as soon as possible, China's commerce ministry said on
Wednesday.
Read more
"unfair methods" during an anti-dumping investigation into
Chinese cold-rolled steel products and should rectify its
mistakes as soon as possible, China's commerce ministry said on
Wednesday.
Read more
WRAPUP 1-China says to support steel exports as U.S. imposes hefty tariffs
SHANGHAI/WASHINGTON, May 18 (Reuters) - China said it would
persist with controversial tax rebates to steel exporters to
support the sector's painful restructuring programme, defying a
United States move to impose punitive import duties on Chinese
steel products.
Read more
persist with controversial tax rebates to steel exporters to
support the sector's painful restructuring programme, defying a
United States move to impose punitive import duties on Chinese
steel products.
Read more
SE Asia Stocks-Flat after U.S. Fed renews prospects of early rate hike
By Anusha Ravindranath
May 18 (Reuters) - Most Southeast Asian stock markets traded
flat-to-slightly lower on Wednesday in line with the small drop
in broader Asian shares, after U.S. Fed officials flagged
prospects of a rate hike as early as June.
Asian markets were lower, with MSCI's broadest index of
Asia-Pacific shares outside Japan falling 0.5
percent in early trade.
Singapore's Straits Times Index were down 0.4 percent
at 0438 GMT, recovering partly from a 0.78 percent fall e
Read more
May 18 (Reuters) - Most Southeast Asian stock markets traded
flat-to-slightly lower on Wednesday in line with the small drop
in broader Asian shares, after U.S. Fed officials flagged
prospects of a rate hike as early as June.
Asian markets were lower, with MSCI's broadest index of
Asia-Pacific shares outside Japan falling 0.5
percent in early trade.
Singapore's Straits Times Index were down 0.4 percent
at 0438 GMT, recovering partly from a 0.78 percent fall e
Read more
German construction workers agree two-stage wage rise
BERLIN, May 18 (Reuters) - About 785,000 German construction
workers agreed a wage rise with employers early on Wednesday,
employers and union officials said, the third significant
pay-hike agreed in recent weeks in Europe's biggest economy.
Read more
workers agreed a wage rise with employers early on Wednesday,
employers and union officials said, the third significant
pay-hike agreed in recent weeks in Europe's biggest economy.
Read more
Tuesday, May 17, 2016
Australia, New Zealand shares edge lower
SYDNEY/WELLINGTON, May 18 (Reuters) - Australian shares
dipped on Wednesday, falling for the first time in three
sessions as revived expectations of an U.S. interest rate hike
weighed, though stronger commodities prices offset some of the
losses.
Read more
dipped on Wednesday, falling for the first time in three
sessions as revived expectations of an U.S. interest rate hike
weighed, though stronger commodities prices offset some of the
losses.
Read more
UPDATE 1-Monsanto suspends new soybean technologies in Argentina
BUENOS AIRES, May 17 (Reuters) - Monsanto Co said on Tuesday
it would suspend future soybean technologies in Argentina, a
move that could limit output of the country's main cash crop,
after a disagreement with the government over inspections of
genetically modified soybeans.
Read more
it would suspend future soybean technologies in Argentina, a
move that could limit output of the country's main cash crop,
after a disagreement with the government over inspections of
genetically modified soybeans.
Read more
UPDATE 1-U.S. sets steep duties on imports of Chinese cold-rolled steel
WASHINGTON, May 17 (Reuters) - The United States slapped
Chinese steelmakers with final import duties of 522 percent on
cold-rolled flat steel on Tuesday after finding that their
products were being sold in the U.S. market below cost and with
unfair subsidies.
Read more
Chinese steelmakers with final import duties of 522 percent on
cold-rolled flat steel on Tuesday after finding that their
products were being sold in the U.S. market below cost and with
unfair subsidies.
Read more
Monsanto suspends new soybean technologies in Argentina
BUENOS AIRES, May 17 (Reuters) - Monsanto Co said on Tuesday
it would suspend future soybean technologies in Argentina, a
move that could limit output of the country's main cash crop,
after a disagreement with the government over inspections of
genetically modified soybeans.
Read more
it would suspend future soybean technologies in Argentina, a
move that could limit output of the country's main cash crop,
after a disagreement with the government over inspections of
genetically modified soybeans.
Read more
European shares end little changed; Taylor Wimpey, Vodafone rise
LONDON/MILAN, May 17 (Reuters) - European shares steadied on
Tuesday with gains in companies such as Taylor Wimpey and
Vodafone following encouraging updates and a rally in
mining companies offset by a weaker auto sector.
Read more
Tuesday with gains in companies such as Taylor Wimpey and
Vodafone following encouraging updates and a rally in
mining companies offset by a weaker auto sector.
Read more
U.S. sets steep duties on imports of Chinese cold-rolled steel
WASHINGTON, May 17 (Reuters) - The United States on Tuesday
set final anti-dumping duties of 265.79 percent on imports of
cold-rolled flat steel from China and 71.35 percent on imports
from Japan, finding that producers from these countries were
selling the products at unfair prices.
Read more
set final anti-dumping duties of 265.79 percent on imports of
cold-rolled flat steel from China and 71.35 percent on imports
from Japan, finding that producers from these countries were
selling the products at unfair prices.
Read more
Carlos Slim keeps it in the family as grandkids join boards
MEXICO CITY/MADRID, May 17 (Reuters) - Mexican billionaire
Carlos Slim has put two of his grandchildren on boards of his
companies, a major step in the succession of one of the world's
largest family business empires.
Read more
Carlos Slim has put two of his grandchildren on boards of his
companies, a major step in the succession of one of the world's
largest family business empires.
Read more
MIDEAST STOCKS-Oil aids most Gulf bourses, Egypt lifted by foreign funds
DUBAI, May 17 (Reuters) - Shares in most Gulf bourses were
firm on Tuesday as oil prices held near this year's highs, while
Egypt's stock index climbed as international funds flowed back
into the market.
Read more
firm on Tuesday as oil prices held near this year's highs, while
Egypt's stock index climbed as international funds flowed back
into the market.
Read more
Congo to seek up to $500 million in budget support from World Bank
KINSHASA, May 17 (Reuters) - Democratic Republic of Congo
will seek between $250 million and $500 million in budgetary
support from the World Bank this year, pending a review of its
economy by the International Monetary Fund next month, the
government said on Tuesday.
Read more
will seek between $250 million and $500 million in budgetary
support from the World Bank this year, pending a review of its
economy by the International Monetary Fund next month, the
government said on Tuesday.
Read more
Al Qaeda says targeted senior Yemeni army commander-recording
DUBAI, May 17 (Reuters) - Al Qaeda's branch in Yemen claimed
responsibility for a suicide bombing last week that killed eight
people and wounded a senior army commander in the eastern part
of the country in an internet posting on Tuesday.
Read more
responsibility for a suicide bombing last week that killed eight
people and wounded a senior army commander in the eastern part
of the country in an internet posting on Tuesday.
Read more
COLUMN-Faced with falling volumes, what price liquidity for the LME? Andy Home
LONDON, May 17 (Reuters) - Why are trading volumes falling
on the London Metal Exchange (LME)?
Read more
on the London Metal Exchange (LME)?
Read more
German construction sector begins fourth round of pay talks
BERLIN, May 17 (Reuters) - Fourth-round wage negotiations
for about 785,000 construction workers in Europe's biggest
economy began in the western German state of Hesse on Tuesday,
with employers saying the two sides may look to mediation if no
agreement is reached.
Read more
for about 785,000 construction workers in Europe's biggest
economy began in the western German state of Hesse on Tuesday,
with employers saying the two sides may look to mediation if no
agreement is reached.
Read more
Palladium left out of precious metals rally; investors shy away
LONDON, May 17 (Reuters) - Investor appetite for
palladium-backed exchange-traded funds is failing to pick up
after a dismal 2015, pointing to another difficult year for the
metal despite the prospect of a deepening supply deficit.
Read more
palladium-backed exchange-traded funds is failing to pick up
after a dismal 2015, pointing to another difficult year for the
metal despite the prospect of a deepening supply deficit.
Read more
Pakistan shares edge higher; rupee stronger, o/n rates flat
KARACHI, May 17 (Reuters) - Pakistani stocks edged higher in
volatile trade on Tuesday, led by a rise in global oil prices,
dealers said.
Read more
volatile trade on Tuesday, led by a rise in global oil prices,
dealers said.
Read more
Miners help European shares to hit 2-week high
LONDON, May 17 (Reuters) - European shares hit a two-week
high on Tuesday, with companies such as Taylor Wimpey and
Vodafone gaining after their encouraging updates and
miners tracking a rally in major industrial metals.
Read more
high on Tuesday, with companies such as Taylor Wimpey and
Vodafone gaining after their encouraging updates and
miners tracking a rally in major industrial metals.
Read more
Chemring gets former BAE maritime head on board as it looks to grow
May 17 (Reuters) - British defence contractor Chemring Group
Plc named Andrew Davies, the former boss of BAE Systems
Plc's maritime unit, as independent director, to help
it grow as it emerges from a long restructuring.
Read more
Plc named Andrew Davies, the former boss of BAE Systems
Plc's maritime unit, as independent director, to help
it grow as it emerges from a long restructuring.
Read more
Reuters Business News Schedule at 0430 GMT/00.30AM ET
TOKYO - A weekend gathering of G7 finance leaders may expose
a rift on issues ranging from currency and fiscal policies
within the close-knit group of advanced economies, dashing
Japan's hopes of mustering a coordinated policy response to spur
global growth. (G7-JAPAN/PREVIEW (REPEAT, PREVIEW), moved, by
Leika Kihara and Tetsushi Kajimoto, 600 words)
Read more
a rift on issues ranging from currency and fiscal policies
within the close-knit group of advanced economies, dashing
Japan's hopes of mustering a coordinated policy response to spur
global growth. (G7-JAPAN/PREVIEW (REPEAT, PREVIEW), moved, by
Leika Kihara and Tetsushi Kajimoto, 600 words)
Read more
Monday, May 16, 2016
S.Korea won up on renewed risk demand, stocks edge down
* Won recovers; U.S. consumer price index eyed
* KOSPI dithers on investors' profit-taking
SEOUL, May 17 (Reuters) - The South Korean won edged
up on Tuesday morning, recovering from two days of sharp
declines as global oil prices and U.S. stocks strengthened
overnight, boosting investor demand for riskier assets.
The won traded at 1,173.4 per dollar as of 0207
GMT, up 0.5 percent compared to Monday's close of 1,179.7
Jung Sung-yoon, a foreign exchange analyst at Hyundai
Future
Read more
* KOSPI dithers on investors' profit-taking
SEOUL, May 17 (Reuters) - The South Korean won edged
up on Tuesday morning, recovering from two days of sharp
declines as global oil prices and U.S. stocks strengthened
overnight, boosting investor demand for riskier assets.
The won traded at 1,173.4 per dollar as of 0207
GMT, up 0.5 percent compared to Monday's close of 1,179.7
Jung Sung-yoon, a foreign exchange analyst at Hyundai
Future
Read more
New Brazil minister says will not commit to restart Samarco mine
RIO DE JANEIRO, May 16 (Reuters) - Brazil's Environment
Minister, José Sarney Filho said on Monday he will not allow
Samarco Mineração SA to reopen its iron ore mine
without assurances that the causes and damages of a deadly
tailings dam collapse were fixed.
Read more
Minister, José Sarney Filho said on Monday he will not allow
Samarco Mineração SA to reopen its iron ore mine
without assurances that the causes and damages of a deadly
tailings dam collapse were fixed.
Read more
China to tighten share suspension rules ahead of MSCI inclusion-China Sec Journal
SHANGHAI, May 17 (Reuters) - China will tighten rules on
listed companies suspending and resuming trade by as soon as
next week to crack down on cheating and improve market order as
index compiler MSCI EM index considers adding Chinese shares to
its emerging market benchmark, the China Securities Journal
reported on Tuesday.
Read more
listed companies suspending and resuming trade by as soon as
next week to crack down on cheating and improve market order as
index compiler MSCI EM index considers adding Chinese shares to
its emerging market benchmark, the China Securities Journal
reported on Tuesday.
Read more
Chile forestry firm Masisa eyes expansion in Mexico, Argentina
SANTIAGO, May 16 (Reuters) - Chilean forestry group Masisa
, one of Latin America's largest wood panel
manufacturers, is strengthening its business in Mexico, and may
be willing to invest more in Argentina, the company's president
said on Monday.
Read more
, one of Latin America's largest wood panel
manufacturers, is strengthening its business in Mexico, and may
be willing to invest more in Argentina, the company's president
said on Monday.
Read more
Mexico's AHMSA says judge lifts suspension of payments after 17 years
MONTERREY, Mexico, May 16 (Reuters) - Altos Hornos de Mexico
(AHMSA), one of Mexico's largest steelmakers, said on
Monday a judge approved its $1.7 billion debt restructuring
plan, bringing to an end a 17-year suspension of payments.
Read more
(AHMSA), one of Mexico's largest steelmakers, said on
Monday a judge approved its $1.7 billion debt restructuring
plan, bringing to an end a 17-year suspension of payments.
Read more
UPDATE 1-Lyondell's Houston coker restart expected by mid-June -sources
HOUSTON, May 16 (Reuters) - A coking unit at LyondellBasell
Industries' Houston refinery is expected to restart
between late May and mid-June for the first time since being
damaged in an April 8 fire, Gulf Coast market sources said on
Monday.
Read more
Industries' Houston refinery is expected to restart
between late May and mid-June for the first time since being
damaged in an April 8 fire, Gulf Coast market sources said on
Monday.
Read more
CANADA STOCKS-TSX rallies to a 2-week high, led by energy as oil surges
TORONTO, May 16 (Reuters) - Canada's main stock index
rallied more than one percent to a two-week high on Monday, with
energy stocks leading broad-based gains as oil surged.
Read more
rallied more than one percent to a two-week high on Monday, with
energy stocks leading broad-based gains as oil surged.
Read more
Congo PM proposes deep budget cuts, warning of hyperinflation
KINSHASA, May 16 (Reuters) - Democratic Republic of Congo's
prime minister proposed cutting operating costs of government
ministries and other public services by 30 percent on Monday,
warning of a risk of hyperinflation if the government failed to
act.
Read more
prime minister proposed cutting operating costs of government
ministries and other public services by 30 percent on Monday,
warning of a risk of hyperinflation if the government failed to
act.
Read more
Lyondell's Houston coker restart expected by mid-June -sources
HOUSTON, May 16 (Reuters) - A coking unit at LyondellBasell
Industries' refinery in Houston is expected to restart
between late May and mid-June for the first time since being
damaged in an April 8 fire, Gulf Coast market sources said on
Monday.
Read more
Industries' refinery in Houston is expected to restart
between late May and mid-June for the first time since being
damaged in an April 8 fire, Gulf Coast market sources said on
Monday.
Read more
European shares steady as miners rise but Eutelsat slumps
* Morgan Stanley raises "defensive" stocks to overweight
(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, updates 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, updates prices)
Read more
UPDATE 1-U.N. experts find weed killer glyphosate unlikely to cause cancer
LONDON, May 16 (Reuters) - The pesticide glyphosate, sold by
Monsanto in its Roundup weed killer product and widely
used in agriculture and by gardeners, is unlikely to cause
cancer in people, according to a new safety review by United
Nations health, agriculture and food experts.
Read more
Monsanto in its Roundup weed killer product and widely
used in agriculture and by gardeners, is unlikely to cause
cancer in people, according to a new safety review by United
Nations health, agriculture and food experts.
Read more
UPDATE 1-Jana returned to gold for 1st time in a year as prices surged
May 16 (Reuters) - Jana Partners LLC returned to gold in the
first quarter for the first time in a year, a filing showed on
Monday, the latest fund to pile back into bullion as
expectations for U.S. interest rate hikes waned, spurring the
biggest rally in nearly three decades.
Read more
first quarter for the first time in a year, a filing showed on
Monday, the latest fund to pile back into bullion as
expectations for U.S. interest rate hikes waned, spurring the
biggest rally in nearly three decades.
Read more
Britain's FTSE finishes higher on stronger miners
LONDON, May 16 (Reuters) - Britain's top share index ended
higher on Monday, with a rally in basic resources stocks on the
back of stronger metals prices supporting the broader equities
market.
Read more
higher on Monday, with a rally in basic resources stocks on the
back of stronger metals prices supporting the broader equities
market.
Read more
MIDEAST STOCKS-Gulf mixed, strong oil fails to boost markets
DUBAI, May 16 (Reuters) - Gulf stock markets ended mixed on
Monday, with a strong oil price failing to give much of a boost
to shares as investors focused on the blow to corporate earnings
expected later this year from governments' austerity policies.
Read more
Monday, with a strong oil price failing to give much of a boost
to shares as investors focused on the blow to corporate earnings
expected later this year from governments' austerity policies.
Read more
Top Chinese steelmaker urges more government support for exports
BEIJING, May 16 (Reuters) - Jiangsu Shagang, the
listed unit of China's biggest privately-owned steel producer,
said on Monday the government should provide steelmakers with
more support in their efforts to export products and shift
capacity overseas.
Read more
listed unit of China's biggest privately-owned steel producer,
said on Monday the government should provide steelmakers with
more support in their efforts to export products and shift
capacity overseas.
Read more
U.N. committee finds weed killer glyphosate unlikely to cause cancer
LONDON, May 16 (Reuters) - The weed-killing pesticide
glyphosate, made by Monsanto and widely used in
agriculture and by gardeners, probably does not cause cancer,
according to a new safety review by United Nations health,
agriculture and food experts.
Read more
glyphosate, made by Monsanto and widely used in
agriculture and by gardeners, probably does not cause cancer,
according to a new safety review by United Nations health,
agriculture and food experts.
Read more
PLATINUM WEEK-Platinum bear cycle tipped to turn this year -report
LONDON, May 16 (Reuters) - Platinum's slide to seven-year
lows in January marked the end of the 18-month bear cycle that
saw it nearly halve in value, Metals Focus said in a report on
Monday, as it forecast a shortfall in supply this year.
Read more
lows in January marked the end of the 18-month bear cycle that
saw it nearly halve in value, Metals Focus said in a report on
Monday, as it forecast a shortfall in supply this year.
Read more
RPT-COLUMN-China steel, iron ore correction may be nearly over: Russell
LAUNCESTON, Australia, May 16 (Reuters) - Commodity markets
like to throw up little ironies, the latest being China's steel
futures having their worst week on record just as economic data
came out that provided fundamental support for prices.
Read more
like to throw up little ironies, the latest being China's steel
futures having their worst week on record just as economic data
came out that provided fundamental support for prices.
Read more
Tokyo Steel hikes prices of deformed steel reinforcing bars
TOKYO, May 16 (Reuters) - Tokyo Steel Manufacturing
, Japan's top electric arc furnace steelmaker, said on
Monday it would raise the prices of its deformed steel
reinforcing bar products for June delivery by around 6 percent,
reflecting a recovery in domestic markets.
Read more
, Japan's top electric arc furnace steelmaker, said on
Monday it would raise the prices of its deformed steel
reinforcing bar products for June delivery by around 6 percent,
reflecting a recovery in domestic markets.
Read more
Sunday, May 15, 2016
UPDATE 1-China admits overcapacity not yet falling in bloated steel sector
BEIJING, May 16 (Reuters) - Massive overcapacity in China's
bloated steel industry is not yet falling, but protectionism is
not the solution for problems facing the global steel industry,
the country's vice minister for industry said on Monday.
Read more
bloated steel industry is not yet falling, but protectionism is
not the solution for problems facing the global steel industry,
the country's vice minister for industry said on Monday.
Read more
North American appetite for platinum jewellery flourishes
LONDON, May 16 (Reuters) - Buoyant North American demand is
a rare bright spot for the global platinum jewellery market
after a sharp drop in prices boosted jewellers' margins, driving
up consumption of the white metal by more than a third over the
last six years.
Read more
a rare bright spot for the global platinum jewellery market
after a sharp drop in prices boosted jewellers' margins, driving
up consumption of the white metal by more than a third over the
last six years.
Read more
Guinea to take legal action against Global Witness -president
CONAKRY, May 15 (Reuters) - Guinea will take legal action
against watchdog group Global Witness over a report that said
Sable Mining Africa Ltd financed President Alpha
Conde's election campaign in 2010, the president said on Sunday.
Read more
against watchdog group Global Witness over a report that said
Sable Mining Africa Ltd financed President Alpha
Conde's election campaign in 2010, the president said on Sunday.
Read more
China goes cold on platinum jewellery, crimping world demand
LONDON, May 16 (Reuters) - China's penchant for luxury
platinum jewellery is fading despite lower global prices,
leaving world demand for the metal exposed to sharper decline.
Read more
platinum jewellery is fading despite lower global prices,
leaving world demand for the metal exposed to sharper decline.
Read more
UPDATE 1-Guinea Justice Ministry to examine Sable Mining permits
CONAKRY, May 14 (Reuters) - Guinea's justice minister said
on Saturday he was ordering an examination of how Sable Mining
Africa Ltd won its mining permits, citing allegations
of corruption in a report by watchdog group Global Witness.
Read more
on Saturday he was ordering an examination of how Sable Mining
Africa Ltd won its mining permits, citing allegations
of corruption in a report by watchdog group Global Witness.
Read more
Saturday, May 14, 2016
UPDATE 1-Congo police detain at least four activists protesting massacres
KINSHASA, May 14 (Reuters) - Police in the Democratic
Republic of Congo briefly detained at least four people on
Saturday protesting the failure of government and U.N. forces to
prevent repeated massacres, the United Nations said.
Read more
Republic of Congo briefly detained at least four people on
Saturday protesting the failure of government and U.N. forces to
prevent repeated massacres, the United Nations said.
Read more
U.N. experts accuse Congo general of aiding attacks on civilians
UNITED NATIONS, May 14 (Reuters) - A Congolese general
recruited, financed and armed elements of a Ugandan Islamist
group to kill civilians while he was in charge of a military
operation targeting the rebels, according to a confidential
report to the United Nations Security Council.
Read more
recruited, financed and armed elements of a Ugandan Islamist
group to kill civilians while he was in charge of a military
operation targeting the rebels, according to a confidential
report to the United Nations Security Council.
Read more
Congo police arrest at least four activists protesting massacres
KINSHASA, May 14 (Reuters) - Police in eastern Democratic
Republic of Congo arrested at least four people on Saturday who
were protesting the failure of government and U.N. peacekeeping
forces to prevent repeated massacres, the United Nations said.
Read more
Republic of Congo arrested at least four people on Saturday who
were protesting the failure of government and U.N. peacekeeping
forces to prevent repeated massacres, the United Nations said.
Read more
UPDATE 1-China April coal output down 11.0 pct on year - stats bureau
BEIJING, May 14 (Reuters) - China produced 268 million
tonnes of coal in April, down 11 percent on the year, the
National Bureau of Statistics said on Saturday, with producers
cutting back in a concerted effort to shore up prices.
Read more
tonnes of coal in April, down 11 percent on the year, the
National Bureau of Statistics said on Saturday, with producers
cutting back in a concerted effort to shore up prices.
Read more
Hezbollah blames rebel shelling for death of top commander in Syria
BEIRUT (Reuters) - Lebanon's Shi'ite Muslim movement Hezbollah said on Saturday its top military commander Mustafa Badreddine was killed in Syria by artillery shells fired by Sunni Islamist insurgents near Damascus airport.
Read more
Read more
U.S. sees China boosting military presence after island-building spree
WASHINGTON (Reuters) - China is expected to add substantial military infrastructure, including surveillance systems, to artificial islands in the South China Sea this year, giving it long-term "civil-military bases" in the contested waters, the Pentagon said on Friday.
Read more
Read more
China April coal output down 11.0 pct on year - stats bureau
BEIJING, May 14 (Reuters) - China produced 268 million
tonnes of coal in April, down 11 percent on the year, the
National Bureau of Statistics said on Saturday, with producers
cutting back in a concerted effort to shore up prices.
Read more
tonnes of coal in April, down 11 percent on the year, the
National Bureau of Statistics said on Saturday, with producers
cutting back in a concerted effort to shore up prices.
Read more
UPDATE 1-China April crude steel output +0.5 pct on yr - stats bureau
BEIJING, May 14 (Reuters) - China produced 69.42 million
tonnes of crude steel in April, up 0.5 percent on the year, the
statistics bureau said on Saturday, with mills defying a sector
slowdown in order to take advantage of higher profit margins.
Read more
tonnes of crude steel in April, up 0.5 percent on the year, the
statistics bureau said on Saturday, with mills defying a sector
slowdown in order to take advantage of higher profit margins.
Read more
Friday, May 13, 2016
China April crude steel output +0.5 pct on yr - stats bureau
BEIJING, May 14 (Reuters) - China produced 69.42 million
tonnes of crude steel in April, up 0.5 percent on the year, the
statistics bureau said on Saturday, with mills defying a sector
slowdown in order to take advantage of higher profit margins.
Read more
tonnes of crude steel in April, up 0.5 percent on the year, the
statistics bureau said on Saturday, with mills defying a sector
slowdown in order to take advantage of higher profit margins.
Read more
CANADA STOCKS-TSX slips as non-gold resource stocks weigh
TORONTO, May 13 (Reuters) - Canada's main stock index
slipped on Friday, weighed down by financials, industrials and
resource stocks as they pulled back in line with softer prices
for oil and other commodities.
Read more
slipped on Friday, weighed down by financials, industrials and
resource stocks as they pulled back in line with softer prices
for oil and other commodities.
Read more
China complains to WTO that U.S. fails to implement tariff ruling
WASHINGTON, May 13 (Reuters) - In another sign of escalating
trade tensions between China and the United States, Beijing told
the World Trade Organization on Friday that Washington was
failing to implement a WTO ruling against punitive U.S. tariffs
on a range of Chinese goods.
Read more
trade tensions between China and the United States, Beijing told
the World Trade Organization on Friday that Washington was
failing to implement a WTO ruling against punitive U.S. tariffs
on a range of Chinese goods.
Read more
Forests re-grown on cleared lands in LatAm key for climate, land rights - study
RIO DE JANEIRO, May 13 (Thomson Reuters Foundation) -
F orests re-grown on lands that had been cleared for agriculture
in Latin America could play a key role in trapping carbon from
the atmosphere and mitigating climate change if they are managed
properly, researchers said in a study published on Friday.
Read more
F orests re-grown on lands that had been cleared for agriculture
in Latin America could play a key role in trapping carbon from
the atmosphere and mitigating climate change if they are managed
properly, researchers said in a study published on Friday.
Read more
EPA faces second U.S. lawmakers investigation into glyphosate review
CHICAGO, May 13 (Reuters) - A second group of lawmakers is
investigating the U.S. Environmental Protection Agency (EPA)
over its review of glyphosate, questioning why it withdrew a
report that said the chemical in the world's most widely used
weed killer was likely not carcinogenic.
Read more
investigating the U.S. Environmental Protection Agency (EPA)
over its review of glyphosate, questioning why it withdrew a
report that said the chemical in the world's most widely used
weed killer was likely not carcinogenic.
Read more
UPDATE 2-Air Liquide purchase of Airgas approved with conditions -FTC
WASHINGTON, May 13 (Reuters) - A merger of industrial gas
suppliers Air Liquide and Airgas Inc has been
approved with conditions, the Federal Trade Commission said on
Friday.
Read more
suppliers Air Liquide and Airgas Inc has been
approved with conditions, the Federal Trade Commission said on
Friday.
Read more
UPDATE 1-Poland's KGHM delays Chile mine expansion as profit falls
WARSAW, May 13 (Reuters) - Poland's KGHM, Europe's
No.2 copper producer, said on Friday it was delaying the next
phase of expansion at its key overseas mine in Chile, after
stubbornly low metals prices more than halved its net profit in
the first quarter.
Read more
No.2 copper producer, said on Friday it was delaying the next
phase of expansion at its key overseas mine in Chile, after
stubbornly low metals prices more than halved its net profit in
the first quarter.
Read more
UPDATE 1-Finnish government plans $113 mln funding for nickel mine - sources
HELSINKI, May 13 (Reuters) - The Finnish government is
planning to inject around 100 million euros ($113 million) into
Terrafame Mining, the state-owned company that runs Talvivaara's
former nickel mine, but may eventually still have to close the
operation, sources said.
Read more
planning to inject around 100 million euros ($113 million) into
Terrafame Mining, the state-owned company that runs Talvivaara's
former nickel mine, but may eventually still have to close the
operation, sources said.
Read more
CANADA STOCKS-TSX slips as non-gold resource stocks weigh
TORONTO, May 13 (Reuters) - Canada's main stock index
slipped on Friday, weighed by energy companies and base metal
miners pulling back in line with retreating prices for oil and
other commodities.
Read more
slipped on Friday, weighed by energy companies and base metal
miners pulling back in line with retreating prices for oil and
other commodities.
Read more
Pakistan shares close higher; rupee strengthens, o/n rates fall
KARACHI, May 13 (Reuters) - Pakistan stocks closed higher on
Friday, posting their eight session of gains in nine, in
cautious trade after the country's Supreme Court refused to
probe the Panama Papers leak case that linked the prime
minister's family to offshore wealth, dealers said.
Read more
Friday, posting their eight session of gains in nine, in
cautious trade after the country's Supreme Court refused to
probe the Panama Papers leak case that linked the prime
minister's family to offshore wealth, dealers said.
Read more
Cementos Argos profit up 31 percent in Q1 due to expansion
BOGOTA, May 13 (Reuters) - Top Colombian cement maker
Cementos Argos reported a 31 percent jump in its net
profit in the first quarter compared to the same period last
year due to expansions in local and foreign operations.
Read more
Cementos Argos reported a 31 percent jump in its net
profit in the first quarter compared to the same period last
year due to expansions in local and foreign operations.
Read more
UPDATE 1-Russia's Mechel says earnings up on investment returns
MOSCOW, May 13 (Reuters) - Indebted Russian coal and steel
producer Mechel's core earnings jumped 54 percent
year-on-year in 2015 due to increased returns on investments
that previously threatened to sink the company.
Read more
producer Mechel's core earnings jumped 54 percent
year-on-year in 2015 due to increased returns on investments
that previously threatened to sink the company.
Read more
RPT-CORRECTED-French Senate suspends palm oil tax, pesticide ban deadline
PARIS, May 12 (Reuters) - The French Senate on Thursday
adopted a revised version of its biodiversity bill in which
Senators scrapped a proposal to impose an additional tax on palm
oil and a deadline to ban on pesticides blamed for harming bees.
Read more
adopted a revised version of its biodiversity bill in which
Senators scrapped a proposal to impose an additional tax on palm
oil and a deadline to ban on pesticides blamed for harming bees.
Read more
Congo police fire tear gas at opposition supporters
LUBUMBASHI, Democratic Republic of Congo, May 13 (Reuters) -
P olice in Democratic Republic of Congo fired tear gas on Friday
at thousands of supporters of a leading opposition presidential
candidate who faces government allegations of hiring
mercenaries, a Reuters witness said.
Read more
P olice in Democratic Republic of Congo fired tear gas on Friday
at thousands of supporters of a leading opposition presidential
candidate who faces government allegations of hiring
mercenaries, a Reuters witness said.
Read more
Kyrgyz Jan-April GDP falls 4.9 pct on gold output slump
BISHKEK, May 13 (Reuters) - Kyrgyzstan's gross domestic
product fell 4.9 percent year-on-year in January-April as output
at the Kumtor gold mine, which accounts for much of its
industrial output, dropped, the state statistics committee said
on Friday.
Read more
product fell 4.9 percent year-on-year in January-April as output
at the Kumtor gold mine, which accounts for much of its
industrial output, dropped, the state statistics committee said
on Friday.
Read more
South African gold companies say have not yet decided whether to appeal silicosis judgement
JOHANNESBURG, May 13 (Reuters) - South African gold sector
companies said on Friday they were studying a court ruling
against them allowing class action suits by thousands of workers
suffering from silicosis and tuberculosis and had not decided
whether to appeal the verdict.
Read more
companies said on Friday they were studying a court ruling
against them allowing class action suits by thousands of workers
suffering from silicosis and tuberculosis and had not decided
whether to appeal the verdict.
Read more
UPDATE 1-Fosun among bidders for Singapore-based reinsurer ACR -sources
* Fosun has long eyed expansion in reinsurance market
(Adds details of the sale process, Fosun's M&A deals)
Read more
(Adds details of the sale process, Fosun's M&A deals)
Read more
Thursday, May 12, 2016
China's Fosun among bidders for Singapore-based reinsurer ACR -sources
SINGAPORE/HONG KONG, May 13 (Reuters) - China's Fosun
International is among suitors bidding for ACR Capital
Holdings Pte Ltd which owns Singapore's biggest reinsurance firm
in a deal valued at around $1 billion, people with knowledge of
the matter said.
Read more
International is among suitors bidding for ACR Capital
Holdings Pte Ltd which owns Singapore's biggest reinsurance firm
in a deal valued at around $1 billion, people with knowledge of
the matter said.
Read more
China's Hebei Steel to cut 5 mln T of steelmaking capacity for 2016-17
SHANGHAI, May 13 (Reuters) - China's biggest steelmaker
Hebei Iron & Steel Group plans to slash 5.02 million tonnes per
year (tpy) of steelmaking capacity during 2016-17, the company
said on Friday, as the government aims to cut overcapacity in
the bloated steel sector.
Read more
Hebei Iron & Steel Group plans to slash 5.02 million tonnes per
year (tpy) of steelmaking capacity during 2016-17, the company
said on Friday, as the government aims to cut overcapacity in
the bloated steel sector.
Read more
UPDATE 1-Russia's Rusal Q1 core earnings fall; sees positive signs
May 13 (Reuters) - Russian aluminium giant Rusal Plc
reported a 57 percent slump in first-quarter core
earnings, hurt by weaker aluminium prices, but pointed to signs
of improvement in the market.
Read more
reported a 57 percent slump in first-quarter core
earnings, hurt by weaker aluminium prices, but pointed to signs
of improvement in the market.
Read more
Mongolia set to pay $70 mln to end Khan mine dispute-source
ULAANBAATAR, May 13 (Reuters) - Mongolia is ready to deliver
a $70 million payment to Toronto-listed uranium miner Khan
Resources, a government source said, wrapping up a
seven-year dispute that tarnished the country's reputation as a
hot mining destination.
Read more
a $70 million payment to Toronto-listed uranium miner Khan
Resources, a government source said, wrapping up a
seven-year dispute that tarnished the country's reputation as a
hot mining destination.
Read more
RPT-UPDATE 2-Noble Group clinches $3 bln credit facilities, flags recovery
SINGAPORE, May 12 (Reuters) - Noble Group
finalised $3 billion in credit facilities on Thursday, a crucial
move allowing Asia's biggest commodity trader to refinance all
of its debt maturing this year as it reported a 62 percent fall
in quarterly profit.
Read more
finalised $3 billion in credit facilities on Thursday, a crucial
move allowing Asia's biggest commodity trader to refinance all
of its debt maturing this year as it reported a 62 percent fall
in quarterly profit.
Read more
French Senate suspends palm oil tax, delays pesticide ban
PARIS, May 12 (Reuters) - The French Senate on Thursday
adopted a revised version of its biodiversity bill in which
Senators scrapped an additional tax on palm oil and delayed
until 2020 a ban on pesticides blamed for harming bees.
Read more
adopted a revised version of its biodiversity bill in which
Senators scrapped an additional tax on palm oil and delayed
until 2020 a ban on pesticides blamed for harming bees.
Read more
UPDATE 1-MSCI to keep Southern Copper in its Peru index
LIMA, May 12 (Reuters) - Index provider MSCI Inc on
Thursday announced it will keep Southern Copper Corp
in its Peru group rather than moving it to its U.S.
securities index, a move that will likely boost Lima's bourse.
Read more
Thursday announced it will keep Southern Copper Corp
in its Peru group rather than moving it to its U.S.
securities index, a move that will likely boost Lima's bourse.
Read more
Ebola, commodity price fall cost Guinea $500 mln in lost revenue
CONAKRY, May 12 (Reuters) - Guinea lost around $500 million
in revenue in 2015 after an outbreak of the deadly Ebola virus
and the drop in global commodity prices slowed growth and hurt
the mining sector in the West African country, Prime Minister
Mamady Youla said on Thursday.
Read more
in revenue in 2015 after an outbreak of the deadly Ebola virus
and the drop in global commodity prices slowed growth and hurt
the mining sector in the West African country, Prime Minister
Mamady Youla said on Thursday.
Read more
MSCI says to keep Southern Copper in its Peru index
LIMA, May 12 (Reuters) - Index provider MSCI Inc
said on Thursday that it decided not to move Southern Copper
Corp to its U.S. securities index, keeping it instead
in its Peru index in a move that will likely boost the Lima
bourse.
Read more
said on Thursday that it decided not to move Southern Copper
Corp to its U.S. securities index, keeping it instead
in its Peru index in a move that will likely boost the Lima
bourse.
Read more
U.S. lawmakers put pressure on EPA over handling of glyphosate review
CHICAGO, May 12 (Reuters) - U.S. lawmakers have asked the
Environmental Protection Agency (EPA) to explain why it
published - and then withdrew - documents related to its review
of glyphosate, the chemical in Monsanto Co's Roundup
herbicide, according to a letter seen by Reuters.
Read more
Environmental Protection Agency (EPA) to explain why it
published - and then withdrew - documents related to its review
of glyphosate, the chemical in Monsanto Co's Roundup
herbicide, according to a letter seen by Reuters.
Read more
European shares weighed down by disappointing earnings; Bayer falls
MILAN, May 12 (Reuters) - European stocks fell on Thursday
after a choppy session, weighed down by some disappointing
earnings updates, while Bayer and BASF dropped on reports they
could be interested in buying Monsanto.
Read more
after a choppy session, weighed down by some disappointing
earnings updates, while Bayer and BASF dropped on reports they
could be interested in buying Monsanto.
Read more
Colombian miners seek more government protection from armed groups
BOGOTA, May 12 (Reuters) - Colombia's government needs to
offer more protection to mining companies who are being
threatened by leftist rebels and criminal gangs in control of
illegal mines, the country's mining association said on
Thursday.
Read more
offer more protection to mining companies who are being
threatened by leftist rebels and criminal gangs in control of
illegal mines, the country's mining association said on
Thursday.
Read more
South Africa court to decide Friday on class action suit against gold sector
JOHANNESBURG, May 12 (Reuters) - A South African court will
decide on Friday whether to allow class action suits seeking
damages from the gold mining sector on behalf of thousands of
miners who contracted tuberculosis and the fatal lung disease
silicosis.
Read more
decide on Friday whether to allow class action suits seeking
damages from the gold mining sector on behalf of thousands of
miners who contracted tuberculosis and the fatal lung disease
silicosis.
Read more
UPDATE 1-Investors boost bets on post-Rousseff Brazil but doubts persist
May 12 (Reuters) - BlackRock Inc is among major
asset managers that had been raising their bets on Brazil even
before President Dilma Rousseff was suspended from office on
Thursday, but many investors are wary about the long-term
recovery prospects of Latin America's largest economy.
Read more
asset managers that had been raising their bets on Brazil even
before President Dilma Rousseff was suspended from office on
Thursday, but many investors are wary about the long-term
recovery prospects of Latin America's largest economy.
Read more
MIDEAST STOCKS-Strong oil boosts Gulf, Global Telecom lifts Egypt
DUBAI, May 12 (Reuters) - Gulf stock markets rose on
Thursday after Brent crude oil futures surged nearly 5
percent on Wednesday to near their highest levels this year,
while strong earnings from Global Telecom helped to lift Egypt.
Read more
Thursday after Brent crude oil futures surged nearly 5
percent on Wednesday to near their highest levels this year,
while strong earnings from Global Telecom helped to lift Egypt.
Read more
UPDATE 2-Honeywell to spin off its $1.3 bln resins and chemicals business
May 12 (Reuters) - Honeywell International Inc, a
U.S. manufacturer of aerospace parts and climate control
systems, said it would spin off its $1.3 billion resins and
chemicals operations into a standalone company, as it focuses on
higher-growth businesses.
Read more
U.S. manufacturer of aerospace parts and climate control
systems, said it would spin off its $1.3 billion resins and
chemicals operations into a standalone company, as it focuses on
higher-growth businesses.
Read more
Investors boost bets on post-Rousseff Brazil, long-term doubts persist
May 12 (Reuters) - BlackRock Inc is among major
asset managers that had been raising their bets on Brazil even
before President Dilma Rousseff was suspended from office on
Thursday, but many investors are wary about the long-term
recovery prospects of Latin America's largest economy.
Read more
asset managers that had been raising their bets on Brazil even
before President Dilma Rousseff was suspended from office on
Thursday, but many investors are wary about the long-term
recovery prospects of Latin America's largest economy.
Read more
Goldcorp to buy Kaminak Gold for C$520 mln
May 12 (Reuters) - Goldcorp Inc said it would
buy Kaminak Gold Corp for about C$520 million ($406
million), giving it the Coffee gold project south of Dawson
City, Yukon.
Read more
buy Kaminak Gold Corp for about C$520 million ($406
million), giving it the Coffee gold project south of Dawson
City, Yukon.
Read more
Germany's Bayer mulling bid for Monsanto - Bloomberg
May 12 (Reuters) - Germany's Bayer AG is
exploring a bid for seed company Monsanto Co, Bloomberg
reported.
Read more
exploring a bid for seed company Monsanto Co, Bloomberg
reported.
Read more
UPDATE 1-Germany's Bayer considering bid for Monsanto - Bloomberg
May 12 (Reuters) - Germany's Bayer AG is
exploring a bid for U.S. seed company Monsanto Co,
Bloomberg reported, citing people familiar with the matter.
Read more
exploring a bid for U.S. seed company Monsanto Co,
Bloomberg reported, citing people familiar with the matter.
Read more
Noble Group obtains $3 bln credit facilities, Q1 profit falls
SINGAPORE, May 12 (Reuters) - Noble Group said it
had finalised $3 billion in bank credit facilities, in a crucial
move that will help Asia's biggest commodity trader to refinance
its debt.
Read more
had finalised $3 billion in bank credit facilities, in a crucial
move that will help Asia's biggest commodity trader to refinance
its debt.
Read more
UPDATE 1-Vedanta Resources CEO sees capex rising to $1 bln this year
May 12 (Reuters) - Mining and energy group Vedanta Resources
Plc Chief Executive Tom Albanese said he expected
capital expenditure to rise to $1 billion this year, driven
partly by the company's investment at its Gamsberg zinc mine.
Read more
Plc Chief Executive Tom Albanese said he expected
capital expenditure to rise to $1 billion this year, driven
partly by the company's investment at its Gamsberg zinc mine.
Read more
Vedanta Resources' FY core profit falls 38 pct
May 12 (Reuters) - Mining and energy group Vedanta Resources
Plc said its full-year core profit fell 37.5 percent,
weighed by the slump in the prices of commodities.
Read more
Plc said its full-year core profit fell 37.5 percent,
weighed by the slump in the prices of commodities.
Read more
China steel price rally won't halt capacity cuts -state planner
SHANGHAI, May 12 (Reuters) - The recent rapid improvement in
Chinese steel prices is not sustainable and will not hinder the
country's efforts to tackle overcapacity in the sector, a
government official said on Thursday.
Read more
Chinese steel prices is not sustainable and will not hinder the
country's efforts to tackle overcapacity in the sector, a
government official said on Thursday.
Read more
Wednesday, May 11, 2016
Reuters Business News Schedule at 0430 GMT/00.30AM ET
TOKYO - Nissan Motor Co confirms that it is in talks with
Mitsubishi Motors Corp over a potential investment, after
sources said Nissan was considering taking a controlling stake
in its smaller, scandal-hit rival.
(NISSAN-MITSUBISHIMOTORS/INVESTMENT (UPDATE 3, PIX, GRAPHICS),
moved, by Maki Shiraki and Naomi Tajitsu, 615 words)
Read more
Mitsubishi Motors Corp over a potential investment, after
sources said Nissan was considering taking a controlling stake
in its smaller, scandal-hit rival.
(NISSAN-MITSUBISHIMOTORS/INVESTMENT (UPDATE 3, PIX, GRAPHICS),
moved, by Maki Shiraki and Naomi Tajitsu, 615 words)
Read more
UPDATE 1-LafargeHolcim forecasts rising op profit as prices recover
ZURICH, May 12 (Reuters) - LafargeHolcim on Thursday
shrugged off a tough first quarter to forecast 2016 operating
profit will rise at a high single-digit rate as prices recover
and the world's biggest cement maker capitalises on cost savings
from last year's merger.
Read more
shrugged off a tough first quarter to forecast 2016 operating
profit will rise at a high single-digit rate as prices recover
and the world's biggest cement maker capitalises on cost savings
from last year's merger.
Read more
Gold demand posts strongest Q1 on record as fund inflows surge
* Gold demand surges to 1,290 T in Q1 as prices rally
* Jewellery consumption slides in China, India
* Central bank buying reaches weakest since Q3 2013
By Jan Harvey
LONDON, May 12 (Reuters) - Surging inflows into gold-backed
exchange-traded funds drove global gold demand to its highest
first-quarter total on record this year, despite a near 20
percent drop in jewellery buying, the World Gold Council said on
Thursday.
Demand hit 1,290 tonnes in the period, the WGC said in
Read more
* Jewellery consumption slides in China, India
* Central bank buying reaches weakest since Q3 2013
By Jan Harvey
LONDON, May 12 (Reuters) - Surging inflows into gold-backed
exchange-traded funds drove global gold demand to its highest
first-quarter total on record this year, despite a near 20
percent drop in jewellery buying, the World Gold Council said on
Thursday.
Demand hit 1,290 tonnes in the period, the WGC said in
Read more
Good monsoon rains to spur Indian gold demand - WGC
MUMBAI, May 12 (Reuters) - India's gold demand could rise as
much as 10 percent in 2016, even after falling 39 percent in the
first quarter, as good monsoon rainfall and a sustained rally in
gold prices boost buying, the World Gold Council (WGC) said on
Thursday.
Read more
much as 10 percent in 2016, even after falling 39 percent in the
first quarter, as good monsoon rainfall and a sustained rally in
gold prices boost buying, the World Gold Council (WGC) said on
Thursday.
Read more
Oil traders leave Noble Group, three join Glencore -sources
LONDON/SINGAPORE, May 12 (Reuters) - Five oil product
traders have resigned from Noble Group, Asia's biggest
commodity trader by revenue, some of whom are moving to rival
trader Glencore, sources with knowledge of the issue
said.
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traders have resigned from Noble Group, Asia's biggest
commodity trader by revenue, some of whom are moving to rival
trader Glencore, sources with knowledge of the issue
said.
Read more
Australia shares drop, led by financials, NZ flat
SYDNEY/WELLINGTON, May 12 (Reuters) - Australian shares ran
out of steam on Thursday to drop 0.6 percent after five straight
days of gains, with financials weighing down the index following
Wall Street's weak lead.
Read more
out of steam on Thursday to drop 0.6 percent after five straight
days of gains, with financials weighing down the index following
Wall Street's weak lead.
Read more
Obama, Australia's Turnbull discuss global steel glut -White House
WASHINGTON, May 11 (Reuters) - President Barack Obama and
Australian Prime Minister Malcolm Turnbull discussed the global
glut in steel production in a phone call on Wednesday covering a
wide-ranging list of defense and economic issues, the White
House said.
Read more
Australian Prime Minister Malcolm Turnbull discussed the global
glut in steel production in a phone call on Wednesday covering a
wide-ranging list of defense and economic issues, the White
House said.
Read more
Australian PM Turnbull named in Panama Papers - AFR
SYDNEY, May 12 (Reuters) - Australian Prime Minister Malcolm
Turnbull has been named in the Panama Papers as a former
director of a British Virgin Islands company set up to exploit a
Siberian gold prospect, the Australian Financial Review reported
on Thursday.
Read more
Turnbull has been named in the Panama Papers as a former
director of a British Virgin Islands company set up to exploit a
Siberian gold prospect, the Australian Financial Review reported
on Thursday.
Read more
Defying debt fears, China bets on infrastructure, property
May 12 (Reuters) - Local governments across China are
binging on debt again to pump-prime their slack economies. But
this time round, they are not wasting money propping up zombie
factories or loss-making steel plants.
Read more
binging on debt again to pump-prime their slack economies. But
this time round, they are not wasting money propping up zombie
factories or loss-making steel plants.
Read more
German govt proposes cutting support for onshore wind energy starting 2017
BERLIN, May 11 (Reuters) - The German government has
proposed reducing support for onshore wind energy by 7.5 percent
for two years from January 2017, according to a draft proposal
for a meeting on renewable energy between the federal government
and Germany's 16 states.
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proposed reducing support for onshore wind energy by 7.5 percent
for two years from January 2017, according to a draft proposal
for a meeting on renewable energy between the federal government
and Germany's 16 states.
Read more
Brazil mining dam reforms unsettle companies, do little for safety
RIO DE JANEIRO, May 11 (Reuters) - Brazilian regulators plan
to tighten rules on dams used in the mining industry after a
breach last year caused the nation's worst environmental
disaster but the changes, while opposed by struggling companies,
look unlikely to improve safety.
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to tighten rules on dams used in the mining industry after a
breach last year caused the nation's worst environmental
disaster but the changes, while opposed by struggling companies,
look unlikely to improve safety.
Read more
Pakistan shares little changed; rupee, o/n rates flat
KARACHI, May 11 (Reuters) - Pakistan stocks ended little
changed on Wednesday, amid political uncertainty ahead of the
prime minister's speech in parliament on the Panama Papers leak
that linked his family to offshore wealth.
Read more
changed on Wednesday, amid political uncertainty ahead of the
prime minister's speech in parliament on the Panama Papers leak
that linked his family to offshore wealth.
Read more
UPDATE 1-Suicide bomber strikes Yemen military convoy, kills 8-official
ADEN, May 11 (Reuters) - A suicide bomber killed at least
eight people and wounded 17, including a senior commander, when
he rammed a car laden with explosives into a government military
convoy travelling in eastern Yemen on Wednesday, a security
official said.
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eight people and wounded 17, including a senior commander, when
he rammed a car laden with explosives into a government military
convoy travelling in eastern Yemen on Wednesday, a security
official said.
Read more
MIDEAST STOCKS-Major Gulf markets edge up, weak earnings hit Egypt
DUBAI, May 11 (Reuters) - Most major Gulf stock markets
edged up on Wednesday, buoyed by an overnight rise in oil prices
and U.S. bourses, while Egypt's market was hit by weak corporate
earnings.
Read more
edged up on Wednesday, buoyed by an overnight rise in oil prices
and U.S. bourses, while Egypt's market was hit by weak corporate
earnings.
Read more
Croatia moves to sell stakes in "strategic" companies to reduce debt
ZAGREB, May 11 (Reuters) - The Croatian government decided
on Wednesday to remove eight firms from the list of those having
strategic interest with a goal to make them eligible for
possible sale which, if implemented, would help reduce high
public debt.
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on Wednesday to remove eight firms from the list of those having
strategic interest with a goal to make them eligible for
possible sale which, if implemented, would help reduce high
public debt.
Read more
Nigeria's mining pioneers weigh risks and rewards
ANKA, Nigeria, May 11 (Reuters) - Arriving on motorbikes
after midnight, a dozen gunmen opened fire on gold miners
sleeping at a camp in northern Nigeria last month, killing one
of them and stealing their equipment before fleeing into the
bush.
Read more
after midnight, a dozen gunmen opened fire on gold miners
sleeping at a camp in northern Nigeria last month, killing one
of them and stealing their equipment before fleeing into the
bush.
Read more
Commodity trade houses seek to rule in core markets, exit others
LONDON, May 11 (Reuters) - Commodity trade houses are going
back to their roots and focusing on what they know best, whether
it's energy, metals or agriculture, while shedding peripheral
activities.
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back to their roots and focusing on what they know best, whether
it's energy, metals or agriculture, while shedding peripheral
activities.
Read more
UPDATE 1-Congo police fire tear gas at supporters of opposition leader
LUBUMBASHI, Democratic Republic of Congo, May 11 (Reuters) -
P olice in Democratic Republic of Congo fired tear gas on
Wednesday at thousands of supporters of Moise Katumbi, a leading
opposition candidate for president who is being questioned over
government allegations of hiring mercenaries.
Read more
P olice in Democratic Republic of Congo fired tear gas on
Wednesday at thousands of supporters of Moise Katumbi, a leading
opposition candidate for president who is being questioned over
government allegations of hiring mercenaries.
Read more
RPT-UPDATE 1-Congo police fire tear gas at supporters of opposition leader
LUBUMBASHI, Democratic Republic of Congo, May 11 (Reuters) -
P olice in Democratic Republic of Congo fired tear gas on
Wednesday at thousands of supporters of Moise Katumbi, a leading
opposition candidate for president who is being questioned over
government allegations of hiring mercenaries.
Read more
P olice in Democratic Republic of Congo fired tear gas on
Wednesday at thousands of supporters of Moise Katumbi, a leading
opposition candidate for president who is being questioned over
government allegations of hiring mercenaries.
Read more
Smuggling to avoid taxes to boost Indian gold imports to record -ANZ
SYDNEY, May 11 (Reuters) - India's gold imports could hit a
record high this year amid widespread smuggling to sidestep
government levies on overseas shipments, Australia and New
Zealand Bank, Asia's biggest shipper of physical gold, said on
Wednesday.
Read more
record high this year amid widespread smuggling to sidestep
government levies on overseas shipments, Australia and New
Zealand Bank, Asia's biggest shipper of physical gold, said on
Wednesday.
Read more
From bull to bear market: China commodities shakeout hits investors, threatens mills
MANILA/BEIJING, May 11 (Reuters) - Only a month ago, Chinese
commodities prices were skyrocketing, led by a stampede of
speculative investors betting on early signs of recovery in the
world's second-biggest economy.
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commodities prices were skyrocketing, led by a stampede of
speculative investors betting on early signs of recovery in the
world's second-biggest economy.
Read more
Mitsui to trim thermal coal assets amid climate concerns -CEO
TOKYO, May 11 (Reuters) - Japanese trading house Mitsui & Co
plans to trim its thermal coal investments amid growing
pressure worldwide for companies to cut reliance on the fossil
fuel after last year's landmark climate pact in Paris, its
president said on Wednesday.
Read more
plans to trim its thermal coal investments amid growing
pressure worldwide for companies to cut reliance on the fossil
fuel after last year's landmark climate pact in Paris, its
president said on Wednesday.
Read more
Tuesday, May 10, 2016
Indonesia's Inalum plans to double aluminium output to 500,000 T/yr by 2020
JAKARTA, May 11 (Reuters) - Indonesia's state-owned
aluminium producer PT Indonesia Asahan Aluminium (Inalum) plans
to increase its output to 500,000 tonnes a year by 2020 from its
current production level of 260,000 tonnes, said Dante Sinaga,
who heads the firm's coal power station development project.
Read more
aluminium producer PT Indonesia Asahan Aluminium (Inalum) plans
to increase its output to 500,000 tonnes a year by 2020 from its
current production level of 260,000 tonnes, said Dante Sinaga,
who heads the firm's coal power station development project.
Read more
With world watching, China steel mills take their chances
XIANGFEN COUNTY, China, May 11 (Reuters) - When falling
commodity prices and listless demand forced China's Shanxi
Zhongsheng Steel Co Ltd to close in October, it was sitting on
roughly enough unsold steel to lay high-speed train tracks from
San Francisco to the Mexican border.
Read more
commodity prices and listless demand forced China's Shanxi
Zhongsheng Steel Co Ltd to close in October, it was sitting on
roughly enough unsold steel to lay high-speed train tracks from
San Francisco to the Mexican border.
Read more
UPDATE 1-Kinross Gold revenue misses on lower realized gold prices
May 10 (Reuters) - Kinross Gold Corp reported
lower-than-expected quarterly revenue as the world's fifth
biggest gold miner struggled with lower realized gold prices.
Read more
lower-than-expected quarterly revenue as the world's fifth
biggest gold miner struggled with lower realized gold prices.
Read more
To stop conflict minerals, make European firms establish origin of supply chain - expert
LONDON, May 10 (Thomson Reuters Foundation) - European
companies should be required by law to establish the origin of
the minerals they use in their products to put an end to the
trade in gold, tin and other minerals mined in conflict zones, a
leading expert said on Tuesday.
Read more
companies should be required by law to establish the origin of
the minerals they use in their products to put an end to the
trade in gold, tin and other minerals mined in conflict zones, a
leading expert said on Tuesday.
Read more
Kinross Gold reports bigger loss as costs rise
May 10 (Reuters) - Kinross Gold Corp reported a
bigger quarterly loss on Tuesday as higher production costs hurt
the world's fifth biggest gold miner.
Read more
bigger quarterly loss on Tuesday as higher production costs hurt
the world's fifth biggest gold miner.
Read more
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