MANILA, July 1 (Reuters) - The Philippine government will
order a review of all the existing mines operating in the
Southeast Asian country, its new mining minister said on Friday.
Read more
Thursday, June 30, 2016
BHP says will fight $6 bln claim over Samarco disaster
SYDNEY, July 1 (Reuters) - BHP Billiton on
Friday said it would appeal against the decision by a Brazilian
court to reinstate a $6 billion public civil claim over last
year's Samarco iron ore mine disaster.
Read more
Friday said it would appeal against the decision by a Brazilian
court to reinstate a $6 billion public civil claim over last
year's Samarco iron ore mine disaster.
Read more
Philippine mining set for bumpy ride under Duterte administration
MANILA, July 1 (Reuters) - After the Philippines became the
top supplier of nickel ore to China in the last two years, its
struggling mining industry may have felt like it was turning a
corner.
Read more
top supplier of nickel ore to China in the last two years, its
struggling mining industry may have felt like it was turning a
corner.
Read more
COMMODITIES-Oil, gold propel market to biggest quarterly rally in years
* Asset performance in 2016: http://tmsnrt.rs/28XmyLd
(New throughout, updates prices and market activity, adds
second byline, NEW YORK dateline)
Read more
(New throughout, updates prices and market activity, adds
second byline, NEW YORK dateline)
Read more
Rio Tinto's young guns herald new era of growth for miners
SYDNEY, July 1 (Reuters) - After a rapid rise at Rio Tinto
, Jean-Sebastien Jacques, 44, is the youngest boss at a
major mining company: the first in a generation that will need
to shift from an era of cuts to one of cautious growth.
Read more
, Jean-Sebastien Jacques, 44, is the youngest boss at a
major mining company: the first in a generation that will need
to shift from an era of cuts to one of cautious growth.
Read more
COMMODITIES-Q2 gains strongest since 2010, driven by oil, gold
LONDON, June 30 (Reuters) - Commodity prices surged this
quarter by the most in over five years, driven by rallies in
oil, sugar and gold, as supplies become tighter in many sectors
and investors warm to an asset class shunned for years.
Read more
quarter by the most in over five years, driven by rallies in
oil, sugar and gold, as supplies become tighter in many sectors
and investors warm to an asset class shunned for years.
Read more
UPDATE 1-Canadian chemical maker Superior Plus scraps deal to buy Canexus
June 30 (Reuters) - Canadian chemical maker Superior Plus
Corp said it scrapped the acquisition of rival Canexus
Corp as they could not agree on terms, two days after
the C$324 million ($251 million) deal was approved by Canada's
antitrust regulator.
Read more
Corp said it scrapped the acquisition of rival Canexus
Corp as they could not agree on terms, two days after
the C$324 million ($251 million) deal was approved by Canada's
antitrust regulator.
Read more
UPDATE 1-Brazil police raid offices of major builders in railway probe
BRASILIA, June 30 (Reuters) - Brazil's federal police on
Thursday raided the offices of at least 12 builders to seek
evidence of a cartel handling railway projects, antitrust
watchdog Cade said.
Read more
Thursday raided the offices of at least 12 builders to seek
evidence of a cartel handling railway projects, antitrust
watchdog Cade said.
Read more
MIDEAST STOCKS-Gulf mostly moves little, UAE outperforms
DUBAI, June 30 (Reuters) - Gulf stock markets moved
generally little on Thursday with the approach of Eid Al Fitr
holidays next week limiting activity, but United Arab Emirates
bourses outperformed on the back of bank shares.
Read more
generally little on Thursday with the approach of Eid Al Fitr
holidays next week limiting activity, but United Arab Emirates
bourses outperformed on the back of bank shares.
Read more
London gold trade agrees reforms to boost transparency
LONDON, June 30 (Reuters) - The London Bullion Market
Association (LBMA) has taken steps to help to preserve London's
role as a major global gold trading centre by making its
management more open and independent, documents seen by Reuters
showed.
Read more
Association (LBMA) has taken steps to help to preserve London's
role as a major global gold trading centre by making its
management more open and independent, documents seen by Reuters
showed.
Read more
Canadian chemicals maker Superior Plus scraps deal with Canexus
June 30 (Reuters) - Superior Plus Corp said it had
terminated a C$324 million ($251 million) deal to buy fellow
Canadian chemical company Canexus Corp after failing to
agree on terms.
Read more
terminated a C$324 million ($251 million) deal to buy fellow
Canadian chemical company Canexus Corp after failing to
agree on terms.
Read more
UPDATE 1-Vietnam says Formosa unit's steel plant caused environmental disaster
HANOI, June 30 (Reuters) - Vietnam said on Thursday a $10.6
billion steel plant run by a unit of Taiwan's Formosa Plastics
caused an until-now mysterious environmental crisis by
releasing toxic wastewater into the sea.
Read more
billion steel plant run by a unit of Taiwan's Formosa Plastics
caused an until-now mysterious environmental crisis by
releasing toxic wastewater into the sea.
Read more
Brazil police raids offices of major builders in railway probe
BRASILIA, June 30 (Reuters) - Brazil's federal police on
Thursday raided the offices of at least 12 builders to seek
evidence of an alleged cartel in railway projects, Brazilian
antitrust watchdog Cade said.
Read more
Thursday raided the offices of at least 12 builders to seek
evidence of an alleged cartel in railway projects, Brazilian
antitrust watchdog Cade said.
Read more
Singapore to decide soon on $1-bln deal for military helicopters
SINGAPORE, June 30 (Reuters) - Singapore will decide "soon"
on an estimated $1-billion purchase of new military helicopters
which it had delayed after the crash of a civilian aircraft made
by one of the bidders, Defence Minister Ng Eng Hen said on
Thursday.
Read more
on an estimated $1-billion purchase of new military helicopters
which it had delayed after the crash of a civilian aircraft made
by one of the bidders, Defence Minister Ng Eng Hen said on
Thursday.
Read more
Pakistan shares close steady; rupee weaker, o/n rates rise
KARACHI, June 30 (Reuters) - Pakistan stocks closed steady
on Thursday as the 2015/16 financial year draws to a close and
ahead of a long holiday next week for Eid, dealers said.
Read more
on Thursday as the 2015/16 financial year draws to a close and
ahead of a long holiday next week for Eid, dealers said.
Read more
UPDATE 2-Norway oil wage talks begin as workers threaten strike
OSLO, June 30 (Reuters) - Energy companies and trade unions
in Norway began two-day wage talks on Thursday in a bid to avert
a strike that would cut output from Europe's largest oil
producer by 12 percent, the Norwegian Oil and Gas Association
(NOG) said.
Read more
in Norway began two-day wage talks on Thursday in a bid to avert
a strike that would cut output from Europe's largest oil
producer by 12 percent, the Norwegian Oil and Gas Association
(NOG) said.
Read more
Gold bulls buoyed by prospect of Brexit swaying Fed
LONDON, June 30 (Reuters) - Britons' vote to leave the
European Union has benefited gold as a haven from risk and could
fuel longer-term gains if economic uncertainty sparks a broader
shift in global monetary policy.
Read more
European Union has benefited gold as a haven from risk and could
fuel longer-term gains if economic uncertainty sparks a broader
shift in global monetary policy.
Read more
Wednesday, June 29, 2016
Taiwan stocks up tracking overseas markets, rate decision awaited
TAIPEI, June 30 (Reuters) - Taiwan stocks rose on Thursday,
buoyed by gains in overseas markets, but all eyes were on the
central bank's quarterly policy meeting later in the session, at
which it is widely expected to cut interest rates.
Read more
buoyed by gains in overseas markets, but all eyes were on the
central bank's quarterly policy meeting later in the session, at
which it is widely expected to cut interest rates.
Read more
U.S., Canada say differences remain in softwood lumber dispute
WASHINGTON, June 29 (Reuters) - The United States and Canada
have made important progress in negotiations over softwood
lumber exports but significant differences remain in the
long-running dispute, according to a joint U.S.-Canadian
statement issued on Wednesday.
Read more
have made important progress in negotiations over softwood
lumber exports but significant differences remain in the
long-running dispute, according to a joint U.S.-Canadian
statement issued on Wednesday.
Read more
UPDATE 2-Giant diamond fails to sell at auction, trade interested
June 29 (Reuters) - The biggest uncut diamond to be
discovered in over a century failed to sell at a Sotheby's
auction on Wednesday, but the chief executive of Lucara Diamond
Corp, the company that found the gem, said there was
interest from buyers in the diamond trade.
Read more
discovered in over a century failed to sell at a Sotheby's
auction on Wednesday, but the chief executive of Lucara Diamond
Corp, the company that found the gem, said there was
interest from buyers in the diamond trade.
Read more
UPDATE 1-Mexico president explains comparing Trump to Hitler, Mussolini
OTTAWA, June 29 (Reuters) - Mexican President Enrique Pena
Nieto, who has previously likened U.S. Republican presidential
candidate Donald Trump to Adolf Hitler and Benito Mussolini,
said on Wednesday he only drew the comparison as a reminder of
the devastation wreaked in the past.
Read more
Nieto, who has previously likened U.S. Republican presidential
candidate Donald Trump to Adolf Hitler and Benito Mussolini,
said on Wednesday he only drew the comparison as a reminder of
the devastation wreaked in the past.
Read more
U.S., Canada, Mexico to seek financial stability after UK vote -Obama
OTTAWA, June 29 (Reuters) - The United States, Canada and
Mexico will work to ensure the stability of the global financial
system after Britain's vote to leave the European Union last
week, U.S. President Barack Obama said on Wednesday at a news
conference at a North American summit in Ottawa.
Read more
Mexico will work to ensure the stability of the global financial
system after Britain's vote to leave the European Union last
week, U.S. President Barack Obama said on Wednesday at a news
conference at a North American summit in Ottawa.
Read more
Obama says quitting trade deals no solution to inequality
OTTAWA, June 29 (Reuters) - U.S. President Barack Obama said
on Wednesday that withdrawing from international trade
agreements would not help to reduce economic inequality given
that globalization has progressed so far.
Read more
on Wednesday that withdrawing from international trade
agreements would not help to reduce economic inequality given
that globalization has progressed so far.
Read more
Mexico president: Integration, not isolation, the path for North America
June 29 (Reuters) - Mexican President Enrique Pena Nieto
said on Wednesday that "isolation is not the path, integration
is," a day after U.S. Presidential candidate Donald Trump vowed
a renegotiation of the North American Free Trade Agreement.
Read more
said on Wednesday that "isolation is not the path, integration
is," a day after U.S. Presidential candidate Donald Trump vowed
a renegotiation of the North American Free Trade Agreement.
Read more
UPDATE 1-Mongolia's opposition MPP seen sweeping back to power in polls
ULAANBAATAR, June 30 (Reuters) - The main opposition
Mongolian People's Party (MPP) appears to have swept back to
power in parliamentary elections, Mongolian media said early on
Thursday, after campaigning dominated by concern over slowing
economic growth.
Read more
Mongolian People's Party (MPP) appears to have swept back to
power in parliamentary elections, Mongolian media said early on
Thursday, after campaigning dominated by concern over slowing
economic growth.
Read more
UPDATE 2-North American leaders vow to boost trade despite threats
OTTAWA, June 29 (Reuters) - Canada, the United States and
Mexico on Wednesday vowed to deepen their economic ties, pushing
back against anti-free-trade sentiment that has shifted
political debate in the United States and Europe.
Read more
Mexico on Wednesday vowed to deepen their economic ties, pushing
back against anti-free-trade sentiment that has shifted
political debate in the United States and Europe.
Read more
Riyadh's new listing L'azurde to double number of shops by 2018
RIYADH, June 29 (Reuters) - Saudi Arabia's L'azurde Company
for Jewellery, which surged on its trading debut in
Riyadh on Wednesday, plans to almost double the number of its
branches in the Middle East and North Africa by 2018.
Read more
for Jewellery, which surged on its trading debut in
Riyadh on Wednesday, plans to almost double the number of its
branches in the Middle East and North Africa by 2018.
Read more
Brexit makes government fix to Tata steel pension plan elusive
LONDON/BRUSSELS, June 29 (Reuters) - A government overhaul
of the British Steel Pension Scheme - crucial to convincing
anyone to buy Tata's British assets - is in jeopardy after
Britons' vote to leave the European Union deepened the fund's
debts and depleted its assets, analysts and industry sources
said.
Read more
of the British Steel Pension Scheme - crucial to convincing
anyone to buy Tata's British assets - is in jeopardy after
Britons' vote to leave the European Union deepened the fund's
debts and depleted its assets, analysts and industry sources
said.
Read more
Amazon biodiversity at risk despite Brazil's forest protection law - study
RIO DE JANEIRO, June 29 (Thomson Reuters Foundation) -
S elective logging, road building and fires are threatening
biodiversity in Brazil's Amazon despite a requirement that rural
landowners maintain at least 80 percent of their forest cover in
the world's largest rainforest, researchers said on Wednesday.
Read more
S elective logging, road building and fires are threatening
biodiversity in Brazil's Amazon despite a requirement that rural
landowners maintain at least 80 percent of their forest cover in
the world's largest rainforest, researchers said on Wednesday.
Read more
MIDEAST STOCKS-Gulf pushes higher but volumes subdued
DUBAI, June 29 (Reuters) - Most stock markets in the Gulf
nudged up on Wednesday, supported by recoveries in oil and
global equity prices after the shock of Britain's vote to leave
the European Union last week, but turnover was small before
summer and Eid al Fitr holidays.
Read more
nudged up on Wednesday, supported by recoveries in oil and
global equity prices after the shock of Britain's vote to leave
the European Union last week, but turnover was small before
summer and Eid al Fitr holidays.
Read more
China's BBMG to sell stakes in cement-related units to Jidong Cement
SINGAPORE, June 29 (Reuters) - China's building materials
supplier BBMG Corp plans to sell stakes in
31 cement-related units valued at 15.5 billion yuan ($2.3
billion) to Jidong Cement as part of Beijing's plans
to consolidate the sector.
Read more
supplier BBMG Corp plans to sell stakes in
31 cement-related units valued at 15.5 billion yuan ($2.3
billion) to Jidong Cement as part of Beijing's plans
to consolidate the sector.
Read more
UPDATE 1-Monsanto in talks with Bayer for "alternative strategic options"
June 29 (Reuters) - Monsanto Co said it was in talks
with Bayer AG's management and others regarding
"alternative strategic options," a month after the U.S. seed
producer rejected the German company's $62 billion takeover
offer.
Read more
with Bayer AG's management and others regarding
"alternative strategic options," a month after the U.S. seed
producer rejected the German company's $62 billion takeover
offer.
Read more
Monsanto's quarterly sales fall 8.5 pct
June 29 (Reuters) - Seed company Monsanto Co, which
rejected a $62 billion takeover offer from Germany's Bayer AG
last month, reported a 8.5 percent fall in quarterly
sales as demand declined due to low commodity prices.
Read more
rejected a $62 billion takeover offer from Germany's Bayer AG
last month, reported a 8.5 percent fall in quarterly
sales as demand declined due to low commodity prices.
Read more
UPDATE 1-In Alcoa split, traditional upstream business to be spun off
CHICAGO, June 28 (Reuters) - Metals company Alcoa Inc
said on Wednesday that its planned split will consist of a
spinoff of its traditional upstream smelting business, and that
up to 19.9 percent of the new company will be owned by its
value-added business serving the aerospace and automotive
industries.
Read more
said on Wednesday that its planned split will consist of a
spinoff of its traditional upstream smelting business, and that
up to 19.9 percent of the new company will be owned by its
value-added business serving the aerospace and automotive
industries.
Read more
Pakistan shares close higher; rupee stronger, o/n rates fall
KARACHI, June 29 (Reuters) - Pakistan shares closed nearly 2
percent higher on Wednesday, in line with global markets as the
immediate drag from the Brexit vote began to ebb.
Read more
percent higher on Wednesday, in line with global markets as the
immediate drag from the Brexit vote began to ebb.
Read more
Jaguar Land Rover says short-term Brexit impact will not affect Slovak plant
LONDON, June 29 (Reuters) - Britain's biggest carmaker
Jaguar Land Rover said the short-term effects of
Britain's decision to leave the European Union will not affect
plans to build a new plant in Slovakia, the firm's strategy
director said on Wednesday.
Read more
Jaguar Land Rover said the short-term effects of
Britain's decision to leave the European Union will not affect
plans to build a new plant in Slovakia, the firm's strategy
director said on Wednesday.
Read more
Polish chemicals firm Police reinstates 2015 profit
WARSAW, June 29 (Reuters) - Polish chemicals company ZCh
Police backed out of an earlier decision to restate its
2015 results, the company said, adding it will likely book
losses from its Senegal business in the first half of this year
instead.
Read more
Police backed out of an earlier decision to restate its
2015 results, the company said, adding it will likely book
losses from its Senegal business in the first half of this year
instead.
Read more
Tuesday, June 28, 2016
UPDATE 1-Mexican judge bans import of fresh potatoes from United States
MEXICO CITY, June 28 (Reuters) - A Mexican federal judge
banned the entry of fresh potatoes from the United States amid
concerns that pests they contain may damage the environment,
Mexico's Federal Judicial Council (CJF) said on Tuesday.
Read more
banned the entry of fresh potatoes from the United States amid
concerns that pests they contain may damage the environment,
Mexico's Federal Judicial Council (CJF) said on Tuesday.
Read more
Mexican judge bans import of fresh potatoes from United States
MEXICO CITY, June 28 (Reuters) - A Mexican federal judge
banned the entry of fresh potatoes from the United States amid
concerns that pests they contain may damage the environment,
Mexico's Federal Judicial Council (CJF) said on Tuesday.
Read more
banned the entry of fresh potatoes from the United States amid
concerns that pests they contain may damage the environment,
Mexico's Federal Judicial Council (CJF) said on Tuesday.
Read more
CANADA STOCKS-TSX bounces from Brexit slide, scoring largest gain in 7 weeks
TORONTO, June 28 (Reuters) - Canada's main stock index
scored its largest gain in seven weeks on Tuesday, paring some
of the losses inflicted in the prior two sessions after
Britain's shock vote to leave the European Union as oil rallied
and investors sought out bargains.
Read more
scored its largest gain in seven weeks on Tuesday, paring some
of the losses inflicted in the prior two sessions after
Britain's shock vote to leave the European Union as oil rallied
and investors sought out bargains.
Read more
Proposed Amazon dam would fuel land speculation, deforestation, study says
RIO DE JANEIRO, June 28 (Thomson Reuters Foundation) - A
proposed dam in the heart of the Amazon will lead to a wave of
deforestation as remote areas of the world's largest rainforest
are opened to agriculture, said a study from Brazilian
researchers published on Tuesday.
Read more
proposed dam in the heart of the Amazon will lead to a wave of
deforestation as remote areas of the world's largest rainforest
are opened to agriculture, said a study from Brazilian
researchers published on Tuesday.
Read more
WRAPUP 2-Fire at Mississippi gas plant halts two U.S. Gulf Coast platforms
CALGARY, Alberta/HOUSTON, June 28 (Reuters) - At least two
offshore oil platforms halted operations on Tuesday in the U.S.
Gulf of Mexico after a fire at a natural gas processing plant in
Mississippi shut a crucial pipeline that brings output onshore,
several companies said.
Read more
offshore oil platforms halted operations on Tuesday in the U.S.
Gulf of Mexico after a fire at a natural gas processing plant in
Mississippi shut a crucial pipeline that brings output onshore,
several companies said.
Read more
UPDATE 1-Ball wins conditional U.S. approval to buy Rexam
WASHINGTON, June 28 (Reuters) - Ball Corp and Rexam
Plc, the world's two largest beverage can makers, have
won U.S. antitrust approval to merge on condition that they sell
eight aluminum can plants in the United States, the Federal
Trade Commission said on Tuesday.
Read more
Plc, the world's two largest beverage can makers, have
won U.S. antitrust approval to merge on condition that they sell
eight aluminum can plants in the United States, the Federal
Trade Commission said on Tuesday.
Read more
Indoor farming gives former New Jersey arena new lease on life
NEWARK, N.J., June 28 (Reuters) - In an old warehouse in
Newark, New Jersey, that once housed the state's biggest indoor
paint ball arena, leafy green plants such as kale, arugula and
watercress sprout from tall metal towers under bright lights.
Read more
Newark, New Jersey, that once housed the state's biggest indoor
paint ball arena, leafy green plants such as kale, arugula and
watercress sprout from tall metal towers under bright lights.
Read more
MIDEAST STOCKS-Gulf mixed in quiet trade, IMF hopes don't aid Egypt much
DUBAI, June 28 (Reuters) - Gulf stocks were mixed in quiet
trade on Tuesday as global markets regained some strength after
the shock of the British vote to leave the European Union. Signs
of progress toward an International Monetary Fund loan failed to
lift Egypt much.
Read more
trade on Tuesday as global markets regained some strength after
the shock of the British vote to leave the European Union. Signs
of progress toward an International Monetary Fund loan failed to
lift Egypt much.
Read more
Southeast Asian fires emitted most carbon since 1997 - scientists
JAKARTA, June 28 (Thomson Reuters Foundation) - Forest fires
that blanketed Southeast Asia in thick haze last year released
the greatest amount of climate-changing carbon since record
blazes in 1997, producing emissions higher than in the whole of
the European Union, scientists said on Tuesday.
Read more
that blanketed Southeast Asia in thick haze last year released
the greatest amount of climate-changing carbon since record
blazes in 1997, producing emissions higher than in the whole of
the European Union, scientists said on Tuesday.
Read more
CANADA STOCKS-TSX bounces back from two-day post-Brexit slide
TORONTO, June 28 (Reuters) - Canada's main stock index rose
on Tuesday, paring some of the losses inflicted in the prior two
sessions after Britain's shock vote to leave the European Union.
Read more
on Tuesday, paring some of the losses inflicted in the prior two
sessions after Britain's shock vote to leave the European Union.
Read more
Canada antitrust regulator clears Canexus-Superior Plus deal
June 28 (Reuters) - Canadian chemical company Canexus Corp
said Canada's antitrust regulator had approved its
proposed buyout by rival Superior Plus Corp.
Read more
said Canada's antitrust regulator had approved its
proposed buyout by rival Superior Plus Corp.
Read more
Pakistan shares close slightly higher; rupee stronger, o/n rates rise
KARACHI, June 28 (Reuters) - Pakistan stocks closed
marginally higher after a volatile session on Tuesday, due to
positive sentiment after the International Monetary Fund's
executive board approved a tranche of a $6.2 billion three-year
programme supported by an extended fund facility arrangement.
Read more
marginally higher after a volatile session on Tuesday, due to
positive sentiment after the International Monetary Fund's
executive board approved a tranche of a $6.2 billion three-year
programme supported by an extended fund facility arrangement.
Read more
Privatisation of Russia's Alrosa planned for July - RIA cites Sberbank CIB
MOSCOW, June 28 (Reuters) - Russian diamond miner Alrosa's
privatisation is planned for July, RIA news agency
quoted Russian investment bank Sberbank CIB, which is organising
the deal, as saying.
Read more
privatisation is planned for July, RIA news agency
quoted Russian investment bank Sberbank CIB, which is organising
the deal, as saying.
Read more
China's Yunnan province to cut crude steel capacity
BEIJING, June 28 (Reuters) - China's Yunnan province says it
plans to cut its crude steel production capacity by more than
4.53 million tonnes by 2018, according to a statement from the
provincial government published on Tuesday.
Read more
plans to cut its crude steel production capacity by more than
4.53 million tonnes by 2018, according to a statement from the
provincial government published on Tuesday.
Read more
China commodities rally on hopes of measures to counter Brexit
MANILA, June 28 (Reuters) - Commodity futures in China from
steel to soymeal rallied on Tuesday, as investors bet on
countries bringing in measures to counter the shock to markets
and economies from Britain's vote to leave the European Union.
Read more
steel to soymeal rallied on Tuesday, as investors bet on
countries bringing in measures to counter the shock to markets
and economies from Britain's vote to leave the European Union.
Read more
Young Mongolians hope elections will rock 'n' roll political establishment
ULAANBAATAR, June 28 (Reuters) - In a stretch of open
grassland surrounded by yurts, some of the thousands of
Mongolians headbanging to the likes of heavy metal band
"Purgatory Destroyers" at the country's biggest music festival
were thinking about politics as much as partying.
Read more
grassland surrounded by yurts, some of the thousands of
Mongolians headbanging to the likes of heavy metal band
"Purgatory Destroyers" at the country's biggest music festival
were thinking about politics as much as partying.
Read more
Idemitsu Kosan's founding family opposes Showa Shell takeover -media
TOKYO, June 28 (Reuters) - The founding family of Idemitsu
Kosan Co is opposed to the Japanese refiner's planned
takeover of smaller rival Showa Shell Sekiyu, Kyodo and
other local media reported.
Read more
Kosan Co is opposed to the Japanese refiner's planned
takeover of smaller rival Showa Shell Sekiyu, Kyodo and
other local media reported.
Read more
China threatens WTO case over U.S. steel duties
BEIJING, June 28 (Reuters) - China could file suit at the
World Trade Organization in order to protect its steel industry,
the Commerce Ministry said on Tuesday, after the United States
said some steel imports from China were hitting U.S. producers.
Read more
World Trade Organization in order to protect its steel industry,
the Commerce Ministry said on Tuesday, after the United States
said some steel imports from China were hitting U.S. producers.
Read more
RPT-COLUMN-A new threat to China's nickel pig iron producers? Andy Home
LONDON, June 27 (Reuters) - What sort of threat does the
election of a new government in the Philippines pose to China's
nickel pig iron (NPI) sector?
Read more
election of a new government in the Philippines pose to China's
nickel pig iron (NPI) sector?
Read more
Indonesia approves 2016 state budget revision, cuts subsidies
JAKARTA, June 28 (Reuters) - Indonesia's parliament on
Tuesday approved revisions to the 2016 state budget, including a
wider fiscal deficit of 2.35 percent of gross domestic product
(GDP), compared with 2.15 percent in the original spending plan.
Read more
Tuesday approved revisions to the 2016 state budget, including a
wider fiscal deficit of 2.35 percent of gross domestic product
(GDP), compared with 2.15 percent in the original spending plan.
Read more
Monday, June 27, 2016
UPDATE 2-U.S. SEC adopts rule on oil, mining payments to foreign governments
WASHINGTON, June 27 (Reuters) - The U.S. Securities and
Exchange Commission on Monday approved a rule requiring oil, gas
and mining companies to disclose payments made to foreign
governments, capping a process stalled in the courts for years.
Read more
Exchange Commission on Monday approved a rule requiring oil, gas
and mining companies to disclose payments made to foreign
governments, capping a process stalled in the courts for years.
Read more
Odebrecht sells Peru toll road project to Brookfield
SAO PAULO, June 27 (Reuters) - Odebrecht SA has sold a 57
percent stake in a Peruvian toll road project to Brookfield
Asset Management Inc, as Latin America's largest
engineering firm sheds assets to cope with fallout from a
sweeping corruption probe on its home turf.
Read more
percent stake in a Peruvian toll road project to Brookfield
Asset Management Inc, as Latin America's largest
engineering firm sheds assets to cope with fallout from a
sweeping corruption probe on its home turf.
Read more
UPDATE 2-U.S. challenges deal to merge Canada's Superior Plus, Canexus
WASHINGTON, June 27 (Reuters) - U.S. antitrust regulators
filed a complaint on Monday to block the proposed merger of
Canadian chemical companies Superior Plus Corp and
Canexus Corp.
Read more
filed a complaint on Monday to block the proposed merger of
Canadian chemical companies Superior Plus Corp and
Canexus Corp.
Read more
REFILE-Allergy Therapeutics says study fails to find hay fever therapy dose range
June 27 (Reuters) - Drug developer Allergy Therapeutics Plc
said a study on suitable doses of its therapy to treat
grass allergic rhinitis, or hay fever, did not find a
recommended dose for a late-stage trial.
Read more
said a study on suitable doses of its therapy to treat
grass allergic rhinitis, or hay fever, did not find a
recommended dose for a late-stage trial.
Read more
Sunday, June 26, 2016
COLUMN-How long Brexit uncertainty reigns is key for commodities, gold: Russell
LAUNCESTON, Australia, June 27 (Reuters) - Amid the horror
for many, the elation for others and the shock for virtually
everybody of the British vote to exit the European Union,
perhaps the most measured and predictable response was from
commodity markets.
Read more
for many, the elation for others and the shock for virtually
everybody of the British vote to exit the European Union,
perhaps the most measured and predictable response was from
commodity markets.
Read more
UPDATE 1-Gunmen release expatriate contractors kidnapped in Niger Delta -police
YENAGOA, Nigeria, June 26 (Reuters) - Seven contractors,
including three Australians and a South African, have been
released four days after they were kidnapped by gunmen in
southern Nigeria, officials said.
Read more
including three Australians and a South African, have been
released four days after they were kidnapped by gunmen in
southern Nigeria, officials said.
Read more
Gunmen release expatriate contractors kidnapped in Niger Delta -police
YENAGOA, Nigeria, June 26 (Reuters) - As many as seven
contractors, including three Australians and a South African,
have been released unharmed four days after they were kidnapped
by gunmen in southern Nigeria, local police and a state security
adviser said on Sunday.
Read more
contractors, including three Australians and a South African,
have been released unharmed four days after they were kidnapped
by gunmen in southern Nigeria, local police and a state security
adviser said on Sunday.
Read more
MIDEAST STOCKS-Gulf sinks on Brexit but comes off lows; Egypt hardest hit
DUBAI, June 26 (Reuters) - Middle East stocks fell sharply
on Sunday because of Britain's vote to leave the European Union
but Gulf bourses came well off their lows. Egypt was hardest hit
because of concern that fund inflows into the country could
shrink further.
Read more
on Sunday because of Britain's vote to leave the European Union
but Gulf bourses came well off their lows. Egypt was hardest hit
because of concern that fund inflows into the country could
shrink further.
Read more
After deadly China tornado, rescuers clean up hazardous chemicals
BEIJING, June 26 (Reuters) - Rescue workers have been trying
to safely dispose of hazardous chemicals after a deadly tornado
hit eastern China on Thursday, killing at least 98 people and
injuring more than 800 others, Chinese state media reported late
on Saturday.
Read more
to safely dispose of hazardous chemicals after a deadly tornado
hit eastern China on Thursday, killing at least 98 people and
injuring more than 800 others, Chinese state media reported late
on Saturday.
Read more
Saturday, June 25, 2016
UPDATE 3-Russia secures energy deals, talks security with China as Putin visits
BEIJING, June 25 (Reuters) - Russia and China sealed a raft
of energy deals during President Vladimir Putin's visit to
Beijing on Saturday, strengthening economic ties while pledging
to preserve the strategic balance of power among nations.
Read more
of energy deals during President Vladimir Putin's visit to
Beijing on Saturday, strengthening economic ties while pledging
to preserve the strategic balance of power among nations.
Read more
ChemChina to take 40 pct stake in Rosneft's petrochemical project
MOSCOW, June 25 (Reuters) - Russia's biggest oil producer
Rosneft said on Saturday that China National Chemical
Corporation (ChemChina) would take a 40 percent stake
in its planned petrochemical complex VNHK in Russia's Far East.
Read more
Rosneft said on Saturday that China National Chemical
Corporation (ChemChina) would take a 40 percent stake
in its planned petrochemical complex VNHK in Russia's Far East.
Read more
Lotte chairman defeats brother's challenge, retains control at AGM
TOKYO, June 25 (Reuters) - Embattled Lotte Group Chairman
Shin Dong-bin retained control of the conglomerate's Japan-based
holding company on Saturday after shareholders rejected a bid by
his older brother to oust him following government raids at its
South Korean offices.
Read more
Shin Dong-bin retained control of the conglomerate's Japan-based
holding company on Saturday after shareholders rejected a bid by
his older brother to oust him following government raids at its
South Korean offices.
Read more
Friday, June 24, 2016
UPDATE 1-Peru's Segura says Brexit impacts would be indirect, medium-term
LIMA, June 24 (Reuters) - Peru's outgoing Finance Minister
Alonso Segura said on Friday that he was monitoring local
markets after Britain's vote to leave the European Union, but he
said economic impacts would likely be indirect and felt in the
medium-term.
Read more
Alonso Segura said on Friday that he was monitoring local
markets after Britain's vote to leave the European Union, but he
said economic impacts would likely be indirect and felt in the
medium-term.
Read more
Russia-focused Nord Gold may consider Toronto listing after Brexit
MOSCOW, June 24 (Reuters) - Russia-focused gold producer
Nord Gold may consider a primary listing in Toronto instead of
London after Britain's decision to leave the European Union, its
Chief Executive Nikolai Zelenski said on Friday.
Read more
Nord Gold may consider a primary listing in Toronto instead of
London after Britain's decision to leave the European Union, its
Chief Executive Nikolai Zelenski said on Friday.
Read more
EU officials to decide on Roundup herbicide after political impasse
BRUSSELS, June 24 (Reuters) - An impasse between EU nations
on whether to allow Monsanto's Roundup and similar
weed-killers to continue to be sold means that the European
Commission, rather than national politicians, will decide the
issue next week.
Read more
on whether to allow Monsanto's Roundup and similar
weed-killers to continue to be sold means that the European
Commission, rather than national politicians, will decide the
issue next week.
Read more
UPDATE 1-Mexico cuts spending on Brexit, at ready on rates and peso
MEXICO CITY, June 24 (Reuters) - Mexico's government will
cut spending and the central bank is ready to act on interest
rates in the wake of Britain's vote to exit the European Union,
senior officials said on Friday.
Read more
cut spending and the central bank is ready to act on interest
rates in the wake of Britain's vote to exit the European Union,
senior officials said on Friday.
Read more
UPDATE 1-From beer to drugs to cars: Global business laments EU vote
LONDON, June 24 (Reuters) - Chief executives from Tokyo to
Denver woke up on Friday to currency turmoil, plunging share
prices and tough decisions after Britain's vote to leave the
European Union raised widespread fears over economic growth.
Read more
Denver woke up on Friday to currency turmoil, plunging share
prices and tough decisions after Britain's vote to leave the
European Union raised widespread fears over economic growth.
Read more
Netherlands to cut more Groningen gas production
AMSTERDAM, June 24 (Reuters) - The Dutch government has
decided to cut production at the giant Groningen gas field from
its current level of 27 billion cubic metres a year from October
1, 2016, Deputy Prime Minister Lodewijk Asscher said on Friday.
Read more
decided to cut production at the giant Groningen gas field from
its current level of 27 billion cubic metres a year from October
1, 2016, Deputy Prime Minister Lodewijk Asscher said on Friday.
Read more
Pakistan shares plummet on Brexit vote
KARACHI, June 24 (Reuters) - Pakistan stocks plunged more
than 2 percent and recorded their biggest percentage loss in
more than five months as Britain's exit from the European Union
rattled global markets.
Read more
than 2 percent and recorded their biggest percentage loss in
more than five months as Britain's exit from the European Union
rattled global markets.
Read more
Dutch chemicals maker AkzoNobel says will maintain UK investments
AMSTERDAM, June 24 (Reuters) - Dutch chemicals maker
AkzoNobel said on Friday that Britain would remain an
important market for the company and that it would continue to
invest there even after the country's vote to leave the European
Union.
Read more
AkzoNobel said on Friday that Britain would remain an
important market for the company and that it would continue to
invest there even after the country's vote to leave the European
Union.
Read more
Thursday, June 23, 2016
CANADA STOCKS-TSX rises to near two-week high on bets Britain stays in EU
TORONTO, June 23 (Reuters) - Canada's benchmark stock index
reached a nearly two-week high on Thursday, led by financial and
energy stocks after a series of last-minute opinion polls
pointed to Britain staying in the European Union and bookmakers'
odds indicated a shift toward the "Remain" camp.
Read more
reached a nearly two-week high on Thursday, led by financial and
energy stocks after a series of last-minute opinion polls
pointed to Britain staying in the European Union and bookmakers'
odds indicated a shift toward the "Remain" camp.
Read more
HP, Apple top list of tech companies fighting forced labor risk
NEW YORK, June 23 (Thomson Reuters Foundation) - HP Inc and
Apple Inc topped a list issued on Thursday ranking how well
technology companies combat the risk of forced labor in their
supply chains.
Read more
Apple Inc topped a list issued on Thursday ranking how well
technology companies combat the risk of forced labor in their
supply chains.
Read more
Smallcap financials, consumer staples to lose weight after Russell remake
NEW YORK, June 23 (Reuters) - When FTSE Russell refreshes
its indexes after the U.S. stock market close on Friday, shares
of hundreds of companies will see an impact as managers adjust
their portfolios to reflect new weightings in the widely
followed indexes.
Read more
its indexes after the U.S. stock market close on Friday, shares
of hundreds of companies will see an impact as managers adjust
their portfolios to reflect new weightings in the widely
followed indexes.
Read more
CANADA STOCKS-TSX rises to near two-week high on bets Britain stays in EU
TORONTO, June 23 (Reuters) - Canada's benchmark stock index
hit a nearly two-week high on Thursday, led by financial and
energy stocks after a series of last-minute opinion polls
pointed to Britain staying in the European Union and bookmakers'
odds indicated a shift toward the "Remain" camp.
Read more
hit a nearly two-week high on Thursday, led by financial and
energy stocks after a series of last-minute opinion polls
pointed to Britain staying in the European Union and bookmakers'
odds indicated a shift toward the "Remain" camp.
Read more
Embattled Saudi builder Mojil to keep operating -CEO
KHOBAR, Saudi Arabia, June 23 (Reuters) - Embattled Saudi
Arabian builder Mohammad Al Mojil Group (MMG) will
continue operating despite the resignation of its board after
three people involved with the company were found guilty of
fraud, its acting CEO said on Thursday.
Read more
Arabian builder Mohammad Al Mojil Group (MMG) will
continue operating despite the resignation of its board after
three people involved with the company were found guilty of
fraud, its acting CEO said on Thursday.
Read more
MIDEAST STOCKS-Gulf nudges up in thin trade; Egypt bounces
DUBAI, June 23 (Reuters) - Most stock markets in the Gulf
made small gains on Thursday, but trading volumes were thin
because of uncertainty over the result of Britain's vote on
whether to stay in the European Union.
Read more
made small gains on Thursday, but trading volumes were thin
because of uncertainty over the result of Britain's vote on
whether to stay in the European Union.
Read more
Congo arrests politician accused of leading militia that raped children
KINSHASA, June 23 (Reuters) - Authorities in Democratic
Republic of Congo have arrested a provincial lawmaker accused of
leading a militia that raped about 30 very young girls and
murdered a German engineer and local rights activist, the
justice minister said on Thursday.
Read more
Republic of Congo have arrested a provincial lawmaker accused of
leading a militia that raped about 30 very young girls and
murdered a German engineer and local rights activist, the
justice minister said on Thursday.
Read more
German chemical industry union agrees 5.3 percent pay rise
FRANKFURT, June 23 (Reuters) - Germany's chemical industry
trade union IG-BCE and employers agreed a wage increase of 5.3
percent on Thursday, to be carried out over two steps.
Read more
trade union IG-BCE and employers agreed a wage increase of 5.3
percent on Thursday, to be carried out over two steps.
Read more
Pakistan shares end higher amid thin trading volumes
KARACHI, June 23 (Reuters) - Pakistan stocks closed higher
on Thursday, on a thin trading day that saw very few triggers in
the market, analysts said.
Read more
on Thursday, on a thin trading day that saw very few triggers in
the market, analysts said.
Read more
RPT-COLUMN-Rio Tinto's cleared the decks, now time to change iron ore tack: Russell
LAUNCESTON, Australia, June 23 (Reuters) - - The beautiful
thing about cleaning out the executive ranks is that it gives a
company an opportunity to press the reset button on strategies
and positions.
Read more
thing about cleaning out the executive ranks is that it gives a
company an opportunity to press the reset button on strategies
and positions.
Read more
METAL-Copper hits three-week high on optimism Britain will stay in EU
* Slow demand growth and oversupply cap upside
(Recasts, adds comment, changes dateline from Melbourne)
Read more
(Recasts, adds comment, changes dateline from Melbourne)
Read more
UPDATE 1-Belarus may revive potash cooperation with Uralkali
MINSK/MUMBAI, June 23 (Reuters) - Belarus is considering
cooperating with Russian potash producer Uralkali, it
said on Thursday, the first sign the two sides might work
together again since Uralkali broke off a potash alliance in
2013, triggering a fall in global prices.
Read more
cooperating with Russian potash producer Uralkali, it
said on Thursday, the first sign the two sides might work
together again since Uralkali broke off a potash alliance in
2013, triggering a fall in global prices.
Read more
New Philippine minister says open-pit mining is "madness"
MANILA, June 23 (Reuters) - The incoming minister in charge
of Philippine mining has slammed the use of open pits to extract
minerals, describing it as "madness" even to consider the method
in the resource-rich country because of the environmental
impact.
Read more
of Philippine mining has slammed the use of open pits to extract
minerals, describing it as "madness" even to consider the method
in the resource-rich country because of the environmental
impact.
Read more
REFILE-UPDATE 1-Australia's Telstra buys into mining technology sector
SYDNEY, June 23 (Reuters) - Australia's largest telecoms
group Telstra Corp Ltd has taken a bet on the resource
industry's appetite for cash-saving technology from drones to
wireless production-tracking, snapping up a specialist firm to
set up a dedicated mining services unit.
Read more
group Telstra Corp Ltd has taken a bet on the resource
industry's appetite for cash-saving technology from drones to
wireless production-tracking, snapping up a specialist firm to
set up a dedicated mining services unit.
Read more
FTSE near 2-week high as voting starts in Britain's EU referendum
LONDON, June 23 (Reuters) - Britain's top share index
climbed to trade near a two-week high on Thursday as Britons
started to cast their votes in a historic EU membership
referendum, with recent opinion polls showing the "Remain" camp
nudging ahead in the campaign.
Read more
climbed to trade near a two-week high on Thursday as Britons
started to cast their votes in a historic EU membership
referendum, with recent opinion polls showing the "Remain" camp
nudging ahead in the campaign.
Read more
COLUMN-Rio Tinto's cleared the decks, now time to change iron ore tack: Russell
LAUNCESTON, Australia, June 23 (Reuters) - - The beautiful
thing about cleaning out the executive ranks is that it gives a
company an opportunity to press the reset button on strategies
and positions.
Read more
thing about cleaning out the executive ranks is that it gives a
company an opportunity to press the reset button on strategies
and positions.
Read more
Wednesday, June 22, 2016
UPDATE 1-China concerned about protectionism in U.S. steel sector -Commerce Ministry
SHANGHAI, June 23 (Reuters) - China's Commerce Ministry said
on Thursday it was deeply concerned about protectionism in the
U.S. steel sector and urged the United States to strictly abide
by World Trade Organization rules.
Read more
on Thursday it was deeply concerned about protectionism in the
U.S. steel sector and urged the United States to strictly abide
by World Trade Organization rules.
Read more
Iran condensate exports set to fall to 5-month low in July -sources
SINGAPORE/TOKYO, June 23 (Reuters) - Iran's condensate
exports in July are expected to fall to the lowest in five
months as major buyer South Korea scales back purchases of the
ultra-light oil, trade sources said on Thursday.
Read more
exports in July are expected to fall to the lowest in five
months as major buyer South Korea scales back purchases of the
ultra-light oil, trade sources said on Thursday.
Read more
China concerned about protectionism in U.S. steel sector -Commerce Ministry
SHANGHAI, June 23 (Reuters) - China's Commerce Ministry said
on Thursday it was deeply concerned about protectionism in the
U.S. steel sector and urged the United States to strictly abide
by World Trade Organization rules.
Read more
on Thursday it was deeply concerned about protectionism in the
U.S. steel sector and urged the United States to strictly abide
by World Trade Organization rules.
Read more
Australia's Telstra buys into mining technology sector
SYDNEY, June 23 (Reuters) - Australia's No. 1
telecommunications firm Telstra Corp Ltd has bought a
mining technology company for an undisclosed sum, looking to tap
the resource sector's appetite for cost-cutting in the face of
slumping commodity prices.
Read more
telecommunications firm Telstra Corp Ltd has bought a
mining technology company for an undisclosed sum, looking to tap
the resource sector's appetite for cost-cutting in the face of
slumping commodity prices.
Read more
UPDATE 1-Gunmen kidnap expatriate cement workers in S. Nigeria
CALABAR, Nigeria, June 22 (Reuters) - Gunmen in southern
Nigeria kidnapped three expatriate cement industry workers and
at least one Nigerian worker after killing their local driver
early on Wednesday morning, police said on Wednesday.
Read more
Nigeria kidnapped three expatriate cement industry workers and
at least one Nigerian worker after killing their local driver
early on Wednesday morning, police said on Wednesday.
Read more
French parliament scraps planned extra tax on palm oil
PARIS, June 22 (Reuters) - France's National Assembly on
Wednesday scrapped plans for an additional tax on palm oil,
which had raised an outcry in producer countries, after the
government said it would propose a new tax scheme for vegetable
oils used in food.
Read more
Wednesday scrapped plans for an additional tax on palm oil,
which had raised an outcry in producer countries, after the
government said it would propose a new tax scheme for vegetable
oils used in food.
Read more
Nigerian gunmen kidnap expatriate cement workers in southern city
CALABAR, Nigeria, June 22 (Reuters) - Gunmen in southern
Nigeria kidnapped three expatriate cement industry workers and
killed their local driver in an early morning attack, police
said on Wednesday.
Read more
Nigeria kidnapped three expatriate cement industry workers and
killed their local driver in an early morning attack, police
said on Wednesday.
Read more
FAA proposes two new fines against Amazon.com over hazardous shipments
WASHINGTON, June 22 (Reuters) - The U.S. Federal Aviation
Administration said on Wednesday it is proposing $130,000 in
civil fines against Amazon.com Inc for two new
violations of shipping products that allegedly violated
hazardous materials regulations.
Read more
Administration said on Wednesday it is proposing $130,000 in
civil fines against Amazon.com Inc for two new
violations of shipping products that allegedly violated
hazardous materials regulations.
Read more
UPDATE 1-U.S. industry injured by cold-rolled steel from China, Japan -ITC
WASHINGTON, June 22 (Reuters) - The U.S. International Trade
Commission said on Wednesday it had found that imports of
cold-rolled steel products from China are hurting U.S.
producers, paving the way for hefty antidumping duties and
increasing trade tensions between the nations.
Read more
Commission said on Wednesday it had found that imports of
cold-rolled steel products from China are hurting U.S.
producers, paving the way for hefty antidumping duties and
increasing trade tensions between the nations.
Read more
UPDATE 1-Russia's Uralkali hopes to sign new supply deal with India in June
MOSCOW, June 22 (Reuters) - Russia's Uralkali, the
world's largest potash producer, hopes to sign a new supply
contract with India by the end of this month, its head of sales
said on Wednesday.
Read more
world's largest potash producer, hopes to sign a new supply
contract with India by the end of this month, its head of sales
said on Wednesday.
Read more
EU hints at new sanctions on China over steel
BRUSSELS, June 22 (Reuters) - China's failure to curb its
steel output could prompt the European Union to consider new
trade sanctions against Beijing, the European Commission said on
Wednesday, joining U.S. calls for over-capacity to be dealt with
swiftly.
Read more
steel output could prompt the European Union to consider new
trade sanctions against Beijing, the European Commission said on
Wednesday, joining U.S. calls for over-capacity to be dealt with
swiftly.
Read more
COLUMN-Copper export surge, a sign of China weakness or London strength? Andy Home
LONDON, June 22 (Reuters) - China exported 85,000 tonnes of
refined copper in May. It was the second highest monthly outflow
on record, eclipsed only by the 102,000 tonnes that left the
country in May 2012.
Read more
refined copper in May. It was the second highest monthly outflow
on record, eclipsed only by the 102,000 tonnes that left the
country in May 2012.
Read more
RPT-In Chile's forests, shadowy rebel groups threaten logging industry
ANGOL, Chile, June 22 (Reuters) - A few moments of
relaxation for Chilean logger Nelson Hidalgo were shattered one
day last month when 12 armed men piled out of a pick-up truck
and demanded he step outside his work-site dining trailer.
Read more
relaxation for Chilean logger Nelson Hidalgo were shattered one
day last month when 12 armed men piled out of a pick-up truck
and demanded he step outside his work-site dining trailer.
Read more
China weighs on 2015 global industrial robot sales growth
MUNICH, Germany, June 22 (Reuters) - Global industrial robot
sales growth slowed to 12 percent in 2015 weighed by a sharp
fall in top buyer China, data from the International Federation
of Robotics (IFR) showed on Wednesday.
Read more
sales growth slowed to 12 percent in 2015 weighed by a sharp
fall in top buyer China, data from the International Federation
of Robotics (IFR) showed on Wednesday.
Read more
In Chile's forests, shadowy rebel groups threaten logging industry
ANGOL, Chile, June 22 (Reuters) - A few moments of
relaxation for Chilean logger Nelson Hidalgo were shattered one
day last month when 12 armed men piled out of a pick-up truck
and demanded he step outside his work-site dining trailer.
Read more
relaxation for Chilean logger Nelson Hidalgo were shattered one
day last month when 12 armed men piled out of a pick-up truck
and demanded he step outside his work-site dining trailer.
Read more
Gold rush to end whether or not Britain votes to exit EU
LONDON, June 22 (Reuters) - Gold's sharp gains on
uncertainty over Britain's European Union membership are likely
to come to an end, regardless of whether Britons vote to leave
or remain in Thursday's referendum.
Read more
uncertainty over Britain's European Union membership are likely
to come to an end, regardless of whether Britons vote to leave
or remain in Thursday's referendum.
Read more
Tuesday, June 21, 2016
HIGHLIGHTS-Thomson Reuters/INSEAD Q2 Asian Business Sentiment Survey -by sector
BENGALURU, June 22 (Reuters) - Business sentiment at
Asia-Pacific's biggest companies rose in the second quarter of
2016 to its highest in a year, but firms were wary about risks
stemming from rising corporate debt in China and volatile oil
prices, a Thomson Reuters/INSEAD survey showed.
Read more
Asia-Pacific's biggest companies rose in the second quarter of
2016 to its highest in a year, but firms were wary about risks
stemming from rising corporate debt in China and volatile oil
prices, a Thomson Reuters/INSEAD survey showed.
Read more
CANADA STOCKS-TSX dips as gold losses weigh ahead of Brexit vote
TORONTO, June 21 (Reuters) - Canada's main stocks edged
lower on Tuesday as losses for gold ahead of a vote by Britain
on its European Union membership weighed on mining stocks,
offsetting gains for financial and energy stocks.
Read more
lower on Tuesday as losses for gold ahead of a vote by Britain
on its European Union membership weighed on mining stocks,
offsetting gains for financial and energy stocks.
Read more
HIGHLIGHTS-Thomson Reuters/INSEAD Q2 Asian Business Sentiment Survey -by economy
BENGALURU, June 22 (Reuters) - Business sentiment at
Asia-Pacific's biggest companies rose in the second quarter of
2016 to its highest in a year, but firms were wary about risks
stemming from rising corporate debt in China and volatile oil
prices, a Thomson Reuters/INSEAD survey showed.
Read more
Asia-Pacific's biggest companies rose in the second quarter of
2016 to its highest in a year, but firms were wary about risks
stemming from rising corporate debt in China and volatile oil
prices, a Thomson Reuters/INSEAD survey showed.
Read more
Chile public prosecutor investigates former minister for bribery
SANTIAGO, June 21 (Reuters) - Chile's public prosecutor said
on Tuesday it was investigating a former high-ranking cabinet
official in President Michelle Bachelet's government for bribery
and tax offenses related to counsel provided to London-listed
mining company Antofagasta Minerals.
Read more
on Tuesday it was investigating a former high-ranking cabinet
official in President Michelle Bachelet's government for bribery
and tax offenses related to counsel provided to London-listed
mining company Antofagasta Minerals.
Read more
Britain's FTSE supported by commodity stock rebound
* Circassia Pharmaceuticals rises after sharp slump
(ADVISORY- Follow European and UK stock markets in real time on
the Reuters Live Markets blog on Eikon, see cpurl://apps.cp./cms/?pageId=livemarkets)
Read more
(ADVISORY- Follow European and UK stock markets in real time on
the Reuters Live Markets blog on Eikon, see cpurl://apps.cp./cms/?pageId=livemarkets)
Read more
Centuries-old African soil technique could combat climate change - scientists
DAKAR, June 21 (Thomson Reuters Foundation) - A farming
technique practised for centuries in West Africa, which
transforms nutrient-poor rainforest soil into fertile farmland,
could combat climate change and revolutionise farming across the
continent, researchers said on Tuesday.
Read more
technique practised for centuries in West Africa, which
transforms nutrient-poor rainforest soil into fertile farmland,
could combat climate change and revolutionise farming across the
continent, researchers said on Tuesday.
Read more
Italy's 5-Star mayors set collision course with banks, utilities
ROME, June 21 (Reuters) - The new mayors from Italy's
anti-establishment 5-Star Movement who won control of Rome and
Turin on Sunday are squaring for a confrontation with the
management of financial firms and utilities they control.
Read more
anti-establishment 5-Star Movement who won control of Rome and
Turin on Sunday are squaring for a confrontation with the
management of financial firms and utilities they control.
Read more
CANADA STOCKS-TSX slips as resources retreat, CP Rail warns on revenue
TORONTO, June 21 (Reuters) - Canada's main stock index
slipped on Tuesday as lower commodity prices weighed on energy
and mining stocks, while industrials also fell after one of the
country's major railways said it expected revenue to decline due
to lower volumes and a major wildfire.
Read more
slipped on Tuesday as lower commodity prices weighed on energy
and mining stocks, while industrials also fell after one of the
country's major railways said it expected revenue to decline due
to lower volumes and a major wildfire.
Read more
UPDATE 1-Brazil's Rousseff warned of illegal campaign donations, donor to say -paper
BRASILIA, June 21 (Reuters) - Marcelo Odebrecht, the former
chief executive of Latin America's largest construction company,
will admit in plea bargain testimony that he personally oversaw
illegal campaign donations for suspended President Dilma
Rousseff in 2010 and 2014, newspaper Folha de S. Paulo said on
Tuesday.
Read more
chief executive of Latin America's largest construction company,
will admit in plea bargain testimony that he personally oversaw
illegal campaign donations for suspended President Dilma
Rousseff in 2010 and 2014, newspaper Folha de S. Paulo said on
Tuesday.
Read more
Brazil's Rousseff warned about illegal campaign donations -paper
BRASILIA, June 21 (Reuters) - Marcelo Odebrecht, the former
chief executive of Latin America's largest construction company,
will admit in plea bargain testimony that he personally oversaw
illegal campaign donations for suspended President Dilma
Rousseff in 2010 and 2014, newspaper Folha de S. Paulo said on
Tuesday.
Read more
chief executive of Latin America's largest construction company,
will admit in plea bargain testimony that he personally oversaw
illegal campaign donations for suspended President Dilma
Rousseff in 2010 and 2014, newspaper Folha de S. Paulo said on
Tuesday.
Read more
UPDATE 2-Canadian Pacific expects 12 pct drop in Q2 revenue, shares fall
June 21 (Reuters) - Canadian Pacific Railway Ltd
said on Tuesday it expected second-quarter revenue to fall about
12 percent from a year earlier, hurt by weak commodity volumes,
the Fort McMurray wildfire in northern Alberta and a stronger
Canadian dollar.
Read more
said on Tuesday it expected second-quarter revenue to fall about
12 percent from a year earlier, hurt by weak commodity volumes,
the Fort McMurray wildfire in northern Alberta and a stronger
Canadian dollar.
Read more
Hedge fund Visium's Valvani found dead - CNBC, citing DJ
June 21 (Reuters) - Sanjay Valvani, a hedge fund manager at
Visium Asset Management who had been charged with insider
trading, was found dead in an apparent suicide on Tuesday, CNBC
reported, citing Dow Jones.
Read more
Visium Asset Management who had been charged with insider
trading, was found dead in an apparent suicide on Tuesday, CNBC
reported, citing Dow Jones.
Read more
LafargeHolcim CEO faces 'day of reckoning' after share slide
ZURICH, June 21 (Reuters) - Top shareholders in
LafargeHolcim are backing Chief Executive Eric Olsen
despite a share plunge of nearly half since France's Lafarge and
Switzerland's Holcim merged last July to create the world's
biggest cement maker.
Read more
LafargeHolcim are backing Chief Executive Eric Olsen
despite a share plunge of nearly half since France's Lafarge and
Switzerland's Holcim merged last July to create the world's
biggest cement maker.
Read more
RPT-COLUMN-India's changing coal imports show quality over quantity: Russell
LAUNCESTON, Australia, June 21 (Reuters) - India's coal
imports are in a declining trend, but the energy value is
dropping at a far slower pace than the physical volumes as the
South Asian nation switches to higher quality fuel.
Read more
imports are in a declining trend, but the energy value is
dropping at a far slower pace than the physical volumes as the
South Asian nation switches to higher quality fuel.
Read more
Canadian Pacific expects 12 pct drop in Q2 revenue
June 21 (Reuters) - Canadian Pacific Railway Ltd
said on Tuesday it expected second-quarter revenue to fall about
12 percent from a year earlier, hurt by weak commodity volumes,
the Fort McMurray wildfire in northern Alberta and a stronger
Canadian dollar.
Read more
said on Tuesday it expected second-quarter revenue to fall about
12 percent from a year earlier, hurt by weak commodity volumes,
the Fort McMurray wildfire in northern Alberta and a stronger
Canadian dollar.
Read more
S.Korea's Woori Bank to form Vietnam unit by July
SEOUL/HANOI, June 21 (Reuters) - South Korea's Woori Bank
expects to establish a Vietnam unit this month or in
July, a bank official said on Tuesday, as part of the lender's
plans to expand its network in the expanding market of Southeast
Asia.
Read more
expects to establish a Vietnam unit this month or in
July, a bank official said on Tuesday, as part of the lender's
plans to expand its network in the expanding market of Southeast
Asia.
Read more
RPT-Brazil's credit crunch threatens commodity exports, farmers
SAO PAULO, June 21 (Reuters) - Brazil's worst credit crunch
in two decades is forcing the nation's debt-laden grain
producers, sugar mills and coffee farmers to curb investment,
making one of the world's top farm exporters miss out on a
recovery in global commodity prices.
Read more
in two decades is forcing the nation's debt-laden grain
producers, sugar mills and coffee farmers to curb investment,
making one of the world's top farm exporters miss out on a
recovery in global commodity prices.
Read more
Britain's FTSE eases as commodities stocks weigh
LONDON, June 21 (Reuters) - UK shares slipped on Tuesday as
a fall in mining stocks overshadowed two opinion polls which
pointed to the campaign for Britain to remain in the European
Union regaining its lead in the run-up to Thursday's referendum.
Read more
a fall in mining stocks overshadowed two opinion polls which
pointed to the campaign for Britain to remain in the European
Union regaining its lead in the run-up to Thursday's referendum.
Read more
Rio Tinto replaces iron ore chief, shuffles executive team
June 21 (Reuters) - Global miner Rio Tinto Plc said
it appointed Chris Salisbury as head of its iron ore business,
replacing veteran Andrew Harding.
Read more
it appointed Chris Salisbury as head of its iron ore business,
replacing veteran Andrew Harding.
Read more
UPDATE 1-Rio Tinto drops iron ore chief in corporate reshuffle
SYDNEY, June 21 (Reuters) - Rio Tinto on
Tuesday replaced the head of its iron ore division, its biggest
profit maker, as part of a sweeping management reshuffle by new
Chief Executive Jean-Sebastien Jacques, who will take over the
reins next week.
Read more
Tuesday replaced the head of its iron ore division, its biggest
profit maker, as part of a sweeping management reshuffle by new
Chief Executive Jean-Sebastien Jacques, who will take over the
reins next week.
Read more
COLUMN-India's changing coal imports show quality over quantity: Russell
LAUNCESTON, Australia, June 21 (Reuters) - India's coal
imports are in a declining trend, but the energy value is
dropping at a far slower pace than the physical volumes as the
South Asian nation switches to higher quality fuel.
Read more
imports are in a declining trend, but the energy value is
dropping at a far slower pace than the physical volumes as the
South Asian nation switches to higher quality fuel.
Read more
Rent rises, online competition squeeze London's diamond district
LONDON, June 21 (Reuters) - When thieves made off with
millions of pounds of jewels from an underground vault in Hatton
Garden last year, it shone an unwelcome spotlight on the
historic centre of London's jewellery trade just as it fights
for survival.
Read more
millions of pounds of jewels from an underground vault in Hatton
Garden last year, it shone an unwelcome spotlight on the
historic centre of London's jewellery trade just as it fights
for survival.
Read more
Monday, June 20, 2016
REFILE-UPDATE 1-BHP Billiton steps up coal output, slices costs, eyes acquisitions
MELBOURNE, June 21 (Reuters) - Top global miner BHP Billiton
outlined plans to boost coal output by 8 percent
over the next three years while slashing costs, and said it
would only consider premium, lowest-cost assets for any
acquisitions.
Read more
outlined plans to boost coal output by 8 percent
over the next three years while slashing costs, and said it
would only consider premium, lowest-cost assets for any
acquisitions.
Read more
China prosecutors win landmark lawsuit against environmental department
SHANGHAI, June 21 (Reuters) - Chinese prosecutors have
successfully sued a county environmental agency for inadequately
punishing a sewage firm that produced dye without appropriate
safeguards, the first-such public interest case against a
government department.
Read more
successfully sued a county environmental agency for inadequately
punishing a sewage firm that produced dye without appropriate
safeguards, the first-such public interest case against a
government department.
Read more
S.Korea stocks, won stutter as investors on guard before Brexit vote
* Shares and won keep changing courses on market volatility
* KOSPI expected to rebound this week - analyst
SEOUL, June 21 (Reuters) - South Korean shares and won
failed to build on the previous days gains, as investors
were wary of becoming carried away by hopes that Britain will
vote to stay in the European Union.
If Britain does opt to remain in Thursday's referendum,
analysts expect investors to rediscover their taste for riskier
assets, like South Korean shares, but a vote to
Read more
* KOSPI expected to rebound this week - analyst
SEOUL, June 21 (Reuters) - South Korean shares and won
failed to build on the previous days gains, as investors
were wary of becoming carried away by hopes that Britain will
vote to stay in the European Union.
If Britain does opt to remain in Thursday's referendum,
analysts expect investors to rediscover their taste for riskier
assets, like South Korean shares, but a vote to
Read more
BHP Billiton steps up coking coal output, slices costs
MELBOURNE, June 21 (Reuters) - Top global miner BHP Billiton
expects to boost its coal output by 8 percent
over the three years to June 2018, and plans to cut costs by 16
percent over the next year to boost profits in a tough market.
Read more
expects to boost its coal output by 8 percent
over the three years to June 2018, and plans to cut costs by 16
percent over the next year to boost profits in a tough market.
Read more
UPDATE 1-Brazil's Samarco, owners hire banks for debt talks -source
SAO PAULO, June 20 (Reuters) - Brazilian mining company
Samarco Mineração SA and owners Vale SA and BHP
Billiton Plc have hired banks to sound out creditors on
a potential renegotiation of $3.8 billion in debt, after a
deadly dam spill led to the shutdown of a key mine, a source
with direct knowledge of the plan said on Monday.
Read more
Samarco Mineração SA and owners Vale SA and BHP
Billiton Plc have hired banks to sound out creditors on
a potential renegotiation of $3.8 billion in debt, after a
deadly dam spill led to the shutdown of a key mine, a source
with direct knowledge of the plan said on Monday.
Read more
Tighter rules for Canada energy projects could be seen in 2017
OTTAWA, June 20 (Reuters) - Tighter environmental rules for
Canadian natural resource projects could start coming into force
in 2017, ahead of schedule, an official said on Monday, giving
industry an idea of when to expect the new measures.
Read more
Canadian natural resource projects could start coming into force
in 2017, ahead of schedule, an official said on Monday, giving
industry an idea of when to expect the new measures.
Read more
Brazil's Samarco, owners hire banks for debt talks -source
SAO PAULO, June 20 (Reuters) - Brazilian mining company
Samarco Mineração SA and owners Vale SA and BHP
Billiton Plc have hired banks to sound out creditors on
a potential renegotiation of $3.8 billion in debt, after a
deadly dam spill led to the shutdown of a key mine, a source
with direct knowledge of the plan said on Monday.
Read more
Samarco Mineração SA and owners Vale SA and BHP
Billiton Plc have hired banks to sound out creditors on
a potential renegotiation of $3.8 billion in debt, after a
deadly dam spill led to the shutdown of a key mine, a source
with direct knowledge of the plan said on Monday.
Read more
Rebel-backed charcoal traffickers destroy swathes of forest in Congo - rights group
DAKAR, June 20 (Thomson Reuters Foundation) - Huge swathes
of forest land in the Democratic Republic of Congo's Virunga
National Park are being destroyed for valuable charcoal by
criminals backing one of the region's most notorious rebel
groups, a rights group said on Monday.
Read more
of forest land in the Democratic Republic of Congo's Virunga
National Park are being destroyed for valuable charcoal by
criminals backing one of the region's most notorious rebel
groups, a rights group said on Monday.
Read more
Satellite maps pinpoint "high risk" palm growers to prevent deforestation before it happens
MILAN, June 20 (Thomson Reuters Foundation) - A new
satellite-driven mapping project has been launched to help palm
oil companies identify and weed out growers who slash rainforest
and violate anti-deforestation pledges.
Read more
satellite-driven mapping project has been launched to help palm
oil companies identify and weed out growers who slash rainforest
and violate anti-deforestation pledges.
Read more
FTSE ends 3 pct higher as 'Remain' camp in Britain's EU referendum regains ground
LONDON, June 20 (Reuters) - Britain's top share index ended
sharply higher on Monday, with banking and housebuilding stocks
surging following latest polls suggesting the campaign for
Britain to remain in the European Union was regaining a narrow
edge over the "Out" camp.
Read more
sharply higher on Monday, with banking and housebuilding stocks
surging following latest polls suggesting the campaign for
Britain to remain in the European Union was regaining a narrow
edge over the "Out" camp.
Read more
RPT-COLUMN-Is China the de facto, unwitting OPEC for metals?: Russell
LAUNCESTON, Australia, June 20 (Reuters) - Is China doing
for metals markets what Saudi Arabia used to do for crude oil?
Read more
for metals markets what Saudi Arabia used to do for crude oil?
Read more
France to vote against continued EU use of weedkiller glyphosate
BRUSSELS, June 20 (Reuters) - France will vote on Friday
against the continued use of weedkiller glyphosate, its
environment minister said, adding to uncertainty over the future
of widely-used products such as Monsanto's Roundup in
the European Union.
Read more
against the continued use of weedkiller glyphosate, its
environment minister said, adding to uncertainty over the future
of widely-used products such as Monsanto's Roundup in
the European Union.
Read more
Pakistan shares end lower on profit-taking
KARACHI, June 20 (Reuters) - Pakistan stocks closed lower on
Monday on profit-taking in banking stocks, dealers said, after
hitting a record high last week when the country's stock market
was included in the MCSI's emerging market index.
Read more
Monday on profit-taking in banking stocks, dealers said, after
hitting a record high last week when the country's stock market
was included in the MCSI's emerging market index.
Read more
Britain's FTSE rallies as EU membership 'Remain' camp regains ground
LONDON, June 20 (Reuters) - UK shares paced by banks and
housebuilding rose on Monday, boosted by polls suggesting the
campaign for Britain to remain in the European Union was
regaining a narrow edge over the "Out" camp.
Read more
housebuilding rose on Monday, boosted by polls suggesting the
campaign for Britain to remain in the European Union was
regaining a narrow edge over the "Out" camp.
Read more
COLUMN-Is China the de facto, unwitting OPEC for metals?: Russell
LAUNCESTON, Australia, June 20 (Reuters) - Is China doing
for metals markets what Saudi Arabia used to do for crude oil?
Read more
for metals markets what Saudi Arabia used to do for crude oil?
Read more
Sunday, June 19, 2016
South Korea won, shares rise as Brexit worries fade
* Won strengthens to 1-wk high
* KOSPI rises more than 1 pct in early trade
SEOUL, June 20 (Reuters) - The South Korean won and
shares rose early on Monday as improved prospects for Britain to
remain in the European Union reduced investors' fears of market
turmoil if Britain were to quit the EU.
The won was at 1,165.2 per dollar as of 0154 GMT,
up 0.6 percent compared to the previous close of 1,172.7.
The Korea Composite Stock Price Index (KOSPI) was up
1.2 percent at 1,976.58
Read more
* KOSPI rises more than 1 pct in early trade
SEOUL, June 20 (Reuters) - The South Korean won and
shares rose early on Monday as improved prospects for Britain to
remain in the European Union reduced investors' fears of market
turmoil if Britain were to quit the EU.
The won was at 1,165.2 per dollar as of 0154 GMT,
up 0.6 percent compared to the previous close of 1,172.7.
The Korea Composite Stock Price Index (KOSPI) was up
1.2 percent at 1,976.58
Read more
China to reinvestigate anti-dumping case into stainless steel tubes from EU, Japan
BEIJING, June 20 (Reuters) - China's Commerce Ministry said
on Monday it would reinvestigate its anti-dumping case into
imports of high performance, seamless stainless steel tubes
from Japan and the European Union.
Read more
on Monday it would reinvestigate its anti-dumping case into
imports of high performance, seamless stainless steel tubes
from Japan and the European Union.
Read more
Violent 2015 sees three environmental activists killed each week
BOGOTA, June 20 (Thomson Reuters Foundation) - Three
environmental activists were killed per week last year, murdered
defending land rights and the environment from mining, dam
projects and logging, a campaign group said on Monday.
Read more
environmental activists were killed per week last year, murdered
defending land rights and the environment from mining, dam
projects and logging, a campaign group said on Monday.
Read more
MIDEAST STOCKS-Abu Dhabi banks soar on merger talks; rate rise hits Egypt
DUBAI, June 19 (Reuters) - Shares in Abu Dhabi banks soared
on Sunday after National Bank of Abu Dhabi (NBAD) and
First Gulf Bank (FGB) confirmed they were in merger
talks. Other Gulf stock markets were mixed while an interest
rate increase dragged Egypt down.
Read more
on Sunday after National Bank of Abu Dhabi (NBAD) and
First Gulf Bank (FGB) confirmed they were in merger
talks. Other Gulf stock markets were mixed while an interest
rate increase dragged Egypt down.
Read more
HeidelbergCement has all regulatory approvals for Italcementi deal
FRANKFURT, June 19 (Reuters) - German cement producer
Heidelbergcement said on Sunday it had obtained all
competition approvals for closing its merger deal with peer
Italcementi after reaching an agreement with the U.S.
Federal Trade Commision (FTC).
Read more
Heidelbergcement said on Sunday it had obtained all
competition approvals for closing its merger deal with peer
Italcementi after reaching an agreement with the U.S.
Federal Trade Commision (FTC).
Read more
China's Xi sees Serbia as milestone on new "Silk Road"
SMEDEREVO, Serbia, June 19 (Reuters) - Serbia could play a
significant role in Beijing's ambitious plan for a new "Silk
Road" to boost trade with Europe, Asia and Africa, Chinese
President Xi Jinping said on Sunday.
Read more
significant role in Beijing's ambitious plan for a new "Silk
Road" to boost trade with Europe, Asia and Africa, Chinese
President Xi Jinping said on Sunday.
Read more
South Africa's Eskom gets new hydro plant fully linked to grid
JOHANNESBURG, June 19 (Reuters) - Eskom hailed a milestone
in its efforts to overcome South Africa's chronic electricity
shortages on Sunday, saying it had linked up the last of four
units at its new Ingula hydro-electric power plant to the grid.
Read more
in its efforts to overcome South Africa's chronic electricity
shortages on Sunday, saying it had linked up the last of four
units at its new Ingula hydro-electric power plant to the grid.
Read more
Canada's Kinross suspends work at Mauritania gold mine
NOUAKCHOTT, June 19 (Reuters) - Canada's Kinross Gold Corp
has suspended activity at its Tasiast mine in Mauritania
after the West African country ordered expatriates whose work
permits were invalid to stop working, a company source said.
Read more
has suspended activity at its Tasiast mine in Mauritania
after the West African country ordered expatriates whose work
permits were invalid to stop working, a company source said.
Read more
Saturday, June 18, 2016
UPDATE 1-Amid melting Arctic ice, Kerry sees looming climate catastrophe
* Calls for fast implementation of Paris climate deal
(Adds Trump opposition to climate accord, adds dropped word in
quote in paragraph 4, fixes typo in paragraph 24)
Read more
(Adds Trump opposition to climate accord, adds dropped word in
quote in paragraph 4, fixes typo in paragraph 24)
Read more
China's Xi highlights Serbia trade as Beijing signs 22 deals
BELGRADE, June 18 (Reuters) - China sought to strengthen its
economic presence in central and eastern Europe on Saturday by
signing 22 agreements on finance and infrastructure with Serbia.
Read more
economic presence in central and eastern Europe on Saturday by
signing 22 agreements on finance and infrastructure with Serbia.
Read more
Brazil fines Samarco 142 mln reais for damages to protected areas
SAO PAULO, June 17 (Reuters) - Brazil's Environment Ministry
fined mining company Samarco 142 million reais ($41.6 million)
for damages to three protected areas resulting from a tailings
dam burst in November, the ministry said on Friday.
Read more
fined mining company Samarco 142 million reais ($41.6 million)
for damages to three protected areas resulting from a tailings
dam burst in November, the ministry said on Friday.
Read more
Friday, June 17, 2016
UPDATE 2-U.S. requires HeidelbergCement, Italcementi to divest U.S. assets
WASHINGTON, June 17 (Reuters) - German cement producer
HeidelbergCement AG and Italian producer Italcementi
SpA have agreed to divest some U.S. assets to settle
the Federal Trade Commission's charge that their proposed $4.2
billion merger would likely harm competition in the United
States, the FTC said on Friday.
Read more
HeidelbergCement AG and Italian producer Italcementi
SpA have agreed to divest some U.S. assets to settle
the Federal Trade Commission's charge that their proposed $4.2
billion merger would likely harm competition in the United
States, the FTC said on Friday.
Read more
UPDATE 1-U.S., Canada report major differences in lumber dispute
OTTAWA, June 17 (Reuters) - Talks between the United States
and Canada on a long-running dispute over softwood lumber
exports have bogged down amid "significant differences," the two
nations said on Friday, potentially paving the way for a fresh
round of lawsuits.
Read more
and Canada on a long-running dispute over softwood lumber
exports have bogged down amid "significant differences," the two
nations said on Friday, potentially paving the way for a fresh
round of lawsuits.
Read more
U.S. FTC requires HeidelbergCement and Italcementi to divest U.S. assets
WASHINGTON, June 17 (Reuters) - German cement producer
HeidelbergCement AG and Italian producer Italcementi
SpA have agreed to divest a cement plant in Virginia
and up to 11 cement distribution terminals in other states to
settle Federal Trade Commission charges that their proposed $4.2
billion merger would likely harm competition in the United
States, the Federal Trade Commission said on Friday.
(Reporting by Eric Beech; Editing by Eric Walsh)
Read more
HeidelbergCement AG and Italian producer Italcementi
SpA have agreed to divest a cement plant in Virginia
and up to 11 cement distribution terminals in other states to
settle Federal Trade Commission charges that their proposed $4.2
billion merger would likely harm competition in the United
States, the Federal Trade Commission said on Friday.
(Reporting by Eric Beech; Editing by Eric Walsh)
Read more
U.S., Canada report major differences in talks on lumber dispute
OTTAWA, June 17 (Reuters) - The United States and Canada on
Friday reported "significant differences" in talks aimed at
solving a dispute over Canadian softwood lumber exports but said
the two sides would keep talking.
Read more
Friday reported "significant differences" in talks aimed at
solving a dispute over Canadian softwood lumber exports but said
the two sides would keep talking.
Read more
UPDATE 1-Reservoir Minerals shareholders approve takeover by Nevsun
VANCOUVER, June 17 (Reuters) - Shareholders of Reservoir
Minerals Inc, a small mining company with a large copper
deposit in Serbia, voted in favor of a takeover by fellow
Canadian miner Nevsun Resources Ltd, Reservoir's
chairman said on Friday.
Read more
Minerals Inc, a small mining company with a large copper
deposit in Serbia, voted in favor of a takeover by fellow
Canadian miner Nevsun Resources Ltd, Reservoir's
chairman said on Friday.
Read more
UPDATE 1-Russian gold miner Polyus plans 5 pct stake sale in Moscow
* Finance VP says 2016 EBITDA will be no lower than last
year
(Adds detail, quotes, background)
Read more
year
(Adds detail, quotes, background)
Read more
U.N. peacekeepers kill seven Congo rebels amid inter-ethnic tensions
KINSHASA, June 17 (Reuters) - United Nations peacekeepers
killed seven rebels in eastern Democratic Republic of Congo on
Thursday as part of operations to tamp down rising inter-ethnic
tensions in the area, the U.N. mission said on Friday.
Read more
killed seven rebels in eastern Democratic Republic of Congo on
Thursday as part of operations to tamp down rising inter-ethnic
tensions in the area, the U.N. mission said on Friday.
Read more
COLUMN-Options market maps zinc bulls' upside ambitions: Andy Home
LONDON, June 17 (Reuters) - Zinc continues to shine amid the
general gloom pervading the base metals complex.
Read more
general gloom pervading the base metals complex.
Read more
UPDATE 1-Russia says kills Islamist warlord, other militants
MOSCOW, June 17 (Reuters) - Russia said on Friday it had
killed a prominent Islamist warlord responsible for a string of
deadly attacks on police officers along with five militants in a
special operation in Dagestan in the south of the country.
Read more
killed a prominent Islamist warlord responsible for a string of
deadly attacks on police officers along with five militants in a
special operation in Dagestan in the south of the country.
Read more
Pakistan shares end higher; post best weekly gain in nearly 3 years
KARACHI, June 17 (Reuters) - Pakistan stocks hit a fresh
record closing high on Friday, led by energy and bank shares,
with the main index posting its best weekly gain in nearly three
years after the country's stock market was included in MSCI's
key benchmark earlier in the week.
Read more
record closing high on Friday, led by energy and bank shares,
with the main index posting its best weekly gain in nearly three
years after the country's stock market was included in MSCI's
key benchmark earlier in the week.
Read more
Four servicemen, six militants killed in clashes in southern Russia - Ifax
MOSCOW, June 17 (Reuters) - Four Russian special forces
soldiers and six militants have been killed in a series of
clashes in Dagestan in the North Caucasus area, the Interfax
news agency reported on Friday, citing a police source.
Read more
soldiers and six militants have been killed in a series of
clashes in Dagestan in the North Caucasus area, the Interfax
news agency reported on Friday, citing a police source.
Read more
Producers expect Ukraine July steel output of 2.2 million tonnes
KIEV, June 17 (Reuters) - Ukrainian steel production in July
is likely to stay at a high level of about 2.2 million tonnes,
steelmakers said on Friday.
Read more
is likely to stay at a high level of about 2.2 million tonnes,
steelmakers said on Friday.
Read more
Japan's Idemitsu Kosan, Showa Shell to merge on April 1
TOKYO, June 17 (Reuters) - Japanese refiner Idemitsu Kosan
Co and smaller rival Showa Shell Sekiyu will
merge on April 1 next year, the two companies said on Friday.
Read more
Co and smaller rival Showa Shell Sekiyu will
merge on April 1 next year, the two companies said on Friday.
Read more
Brazilian mines produce world's priciest gems under fire
SÃO JOSÉ DA BATALHA, Brazil June 17 (Thomson Reuters
Foundation) - R are neon blue Paraiba tourmalines have adorned
jewellery worn on the red carpet by Hollywood actresses Emily
Blunt and Salma Hayek and U.S. singer Taylor Swift.
Read more
Foundation) - R are neon blue Paraiba tourmalines have adorned
jewellery worn on the red carpet by Hollywood actresses Emily
Blunt and Salma Hayek and U.S. singer Taylor Swift.
Read more
Thursday, June 16, 2016
Lumber Liquidators agrees not to sell China-made flooring inventory
June 16 (Reuters) - Lumber Liquidators Holdings Inc
has agreed not to sell its existing inventory of laminate
flooring previously sourced from China, the U.S. consumer safety
regulator said, as the flooring retailer looks to move beyond
allegations the products contained excessive levels of
cancer-causing formaldehyde.
Read more
has agreed not to sell its existing inventory of laminate
flooring previously sourced from China, the U.S. consumer safety
regulator said, as the flooring retailer looks to move beyond
allegations the products contained excessive levels of
cancer-causing formaldehyde.
Read more
UPDATE 1-Glencore plans to sell option in Falco's Horne gold project -sources
LONDON, June 16 (Reuters) - Glencore is planning to
sell its option in a gold mine owned by Falco Resources,
two sources familiar with the situation said on Thursday, as the
mining group and commodities trader presses ahead with asset
sales.
Read more
sell its option in a gold mine owned by Falco Resources,
two sources familiar with the situation said on Thursday, as the
mining group and commodities trader presses ahead with asset
sales.
Read more
Russia says problems with EU steel anti-dumping probe - Ifax
ST PETERSBURG, Russia, June 16 (Reuters) - Russian Economy
Minister Alexei Ulyukayev said on Thursday a European Union
steel anti-dumping investigation had been carried out
incorrectly and Russia would seek an adequate response, Interfax
news agency reported.
(Reporting by Jack Stubbs; Editing by Maria Kiselyova)
Read more
Minister Alexei Ulyukayev said on Thursday a European Union
steel anti-dumping investigation had been carried out
incorrectly and Russia would seek an adequate response, Interfax
news agency reported.
(Reporting by Jack Stubbs; Editing by Maria Kiselyova)
Read more
Pakistan shares end higher, driven by MSCI announcement
KARACHI, June 16 (Reuters) - Pakistani stocks closed higher
on Thursday, largely due to continuing positive investor
sentiment following MSCI's announcement a day earlier that the
bourse was to be included in its emerging markets index,
analysts said.
Read more
on Thursday, largely due to continuing positive investor
sentiment following MSCI's announcement a day earlier that the
bourse was to be included in its emerging markets index,
analysts said.
Read more
UPDATE 1-EU reaches outline deal to stem flow of conflict minerals
* Law needs further work on technical implementation
(Adds comment from Commission, negotiators)
Read more
(Adds comment from Commission, negotiators)
Read more
Russia says two-day ceasefire begins in Syria's Aleppo
MOSCOW, June 16 (Reuters) - On Moscow's initiative, a
two-day "regime of calmness" was introduced in Syria's largest
city of Aleppo, beginning from Thursday, the Russian defence
ministry said.
Read more
two-day "regime of calmness" was introduced in Syria's largest
city of Aleppo, beginning from Thursday, the Russian defence
ministry said.
Read more
Wednesday, June 15, 2016
RPT-COLUMN-Aluminium premiums adjust to life after the queues: Andy Home
LONDON, June 15 (Reuters) - Japanese aluminium buyers are
locked in talks with producers over the level of physical
premiums to be paid for shipments in the third quarter.
Read more
locked in talks with producers over the level of physical
premiums to be paid for shipments in the third quarter.
Read more
Australia, NZ shares rise, but global jitters undermine gains
MELBOURNE/WELLINGTON, June 16 (Reuters) - Australian shares
rebounded off a two-month low on Thursday thanks mostly to
miners, as the U.S. dollar fell and gold prices rose after the
Federal Reserve lowered its economic growth forecasts for this
year.
Read more
rebounded off a two-month low on Thursday thanks mostly to
miners, as the U.S. dollar fell and gold prices rose after the
Federal Reserve lowered its economic growth forecasts for this
year.
Read more
Gold play distorts Thai run of better export data
BANGKOK, June 16 (Reuters) - A run of strong Thai exports
this year should be welcome news for the trade-dependent
economy, but rather than reflecting healthy shipments of goods
such as cars or textiles speculative gold sales have often had
an outsized influence.
Read more
this year should be welcome news for the trade-dependent
economy, but rather than reflecting healthy shipments of goods
such as cars or textiles speculative gold sales have often had
an outsized influence.
Read more
European Union reaches outline deal to stem flow of conflict minerals
BRUSSELS, June 15 (Reuters) - The European Union on
Wednesday agreed an outline deal on a law to clean up the
commodities supply chain, so importers will have to carry out
checks to stem the use of gold and other metals from conflict
zones, European politicians said.
Read more
Wednesday agreed an outline deal on a law to clean up the
commodities supply chain, so importers will have to carry out
checks to stem the use of gold and other metals from conflict
zones, European politicians said.
Read more
Monte dei Paschi invites bids for stake in bad loan unit-sources
MILAN, June 15 (Reuters) - Monte dei Paschi di Siena has
invited bids from investors for a majority stake in a unit that
will manage a gross 28 billion euros ($31 billion) in bad loans
held by Italy's third-biggest bank, two sources familiar with
the matter said.
Read more
invited bids from investors for a majority stake in a unit that
will manage a gross 28 billion euros ($31 billion) in bad loans
held by Italy's third-biggest bank, two sources familiar with
the matter said.
Read more
CANADA STOCKS-TSX closes up, breaks 5-day slide as miners gain
TORONTO, June 15 (Reuters) - Canada's benchmark stock index
closed higher on Wednesday after five days of declines, with
miners and other materials stocks leading a broad but subdued
rebound as the U.S. Federal Reserve hinted at a less aggressive
outlook for interest rates.
Read more
closed higher on Wednesday after five days of declines, with
miners and other materials stocks leading a broad but subdued
rebound as the U.S. Federal Reserve hinted at a less aggressive
outlook for interest rates.
Read more
CANADA STOCKS-TSX up after five down days as miners gain
TORONTO, June 15 (Reuters) - Canada's main stock index rose
on Wednesday as miners and other materials stocks led a broad
but subdued rebound and some energy stocks weighed ahead of a
U.S. Federal Reserve rate decision and outlook.
Read more
on Wednesday as miners and other materials stocks led a broad
but subdued rebound and some energy stocks weighed ahead of a
U.S. Federal Reserve rate decision and outlook.
Read more
China's Bohai Steel says has paid interest on bonds due 2017
HONG KONG, June 15 (Reuters) - China's Bohai Steel Group
said it had paid the coupon on its yuan-denominated bonds, which
was due on Wednesday, and gave assurance that it had sufficient
funds to pay the coupon on dollar bonds due for payment on June
17.
Read more
said it had paid the coupon on its yuan-denominated bonds, which
was due on Wednesday, and gave assurance that it had sufficient
funds to pay the coupon on dollar bonds due for payment on June
17.
Read more
COLUMN-Aluminium premiums adjust to life after the queues: Andy Home
LONDON, June 15 (Reuters) - Japanese aluminium buyers are
locked in talks with producers over the level of physical
premiums to be paid for shipments in the third quarter.
Read more
locked in talks with producers over the level of physical
premiums to be paid for shipments in the third quarter.
Read more
Pakistan shares hit record high after inclusion in MSCI's EM index
KARACHI, June 15 (Reuters) - Pakistan stocks hit a record
closing high on Wednesday, after the country's stock market was
upgraded overnight and included in the MSCI's emerging market
index.
Read more
closing high on Wednesday, after the country's stock market was
upgraded overnight and included in the MSCI's emerging market
index.
Read more
Exxon, BHP considering sale of Australia oil and gas assets
SYDNEY, June 15 (Reuters) - Exxon Mobil Corp and BHP
Billiton Ltd said on Wednesday that they are
considering selling depleting energy assets in Australia,
including Kingfish, the country's largest ever discovered oil
field.
Read more
Billiton Ltd said on Wednesday that they are
considering selling depleting energy assets in Australia,
including Kingfish, the country's largest ever discovered oil
field.
Read more
Westpac commodity finance division expects revenue growth this year
HONG KONG, June 15 (Reuters) - The structured commodity
finance division of Australia's Westpac bank expects revenues to
grow by a third this financial year as new products gain
momentum, but business is likely to level out next year as the
global economy falters.
Read more
finance division of Australia's Westpac bank expects revenues to
grow by a third this financial year as new products gain
momentum, but business is likely to level out next year as the
global economy falters.
Read more
China's Xi to sign trade, aviation deals on eastern Europe visit
BEIJING, June 15 (Reuters) - Chinese President Xi Jinping is
expected to sign a series of agreements in areas ranging from
trade to civil aviation during a visit to Serbia and Poland
starting this week, diplomats said on Wednesday, as China looks
to bolster its presence in central and eastern Europe.
Read more
expected to sign a series of agreements in areas ranging from
trade to civil aviation during a visit to Serbia and Poland
starting this week, diplomats said on Wednesday, as China looks
to bolster its presence in central and eastern Europe.
Read more
UPDATE 1-S.Korea's Iran crude imports for May more than double on year
* Iran May crude imports 1.26 mln tonnes vs 541,510 year
earlier
* Jan-May oil imports from Iran more than double from year
before
* Total crude imports in May down 4 pct
(Add detail, background)
By Nataly Pak and Jee Heun Kahng
SEOUL, June 15 (Reuters) - South Korea's imports of Iranian
crude oil jumped around 130 percent in May from the same month a
year ago, extending gains after international sanctions were
lifted in January on Iran's disputed nuclear programme.
Seoul b
Read more
earlier
* Jan-May oil imports from Iran more than double from year
before
* Total crude imports in May down 4 pct
(Add detail, background)
By Nataly Pak and Jee Heun Kahng
SEOUL, June 15 (Reuters) - South Korea's imports of Iranian
crude oil jumped around 130 percent in May from the same month a
year ago, extending gains after international sanctions were
lifted in January on Iran's disputed nuclear programme.
Seoul b
Read more
Tuesday, June 14, 2016
Australia shares sink to 2-month lows, NZ boosted by dairy
SYDNEY/WELLINGTON, June 15 (Reuters) - Australian shares
dropped to a two-month low on Wednesday hit by falling
commodity prices and Brexit concerns, but New Zealand stocks
gained helped by strong earnings from a dairy producer.
Read more
dropped to a two-month low on Wednesday hit by falling
commodity prices and Brexit concerns, but New Zealand stocks
gained helped by strong earnings from a dairy producer.
Read more
UPDATE 1-Colombia's Cerro Matoso nickel mine workers cancel strike after pay deal
BOGOTA, June 14 (Reuters) - Union workers at Colombia's
Cerro Matoso nickel mine ditched plans to strike on Tuesday
after reaching a deal on pay increases and benefits, the company
and union said, averting potential disruption to output from one
of the world's largest producers of ferronickel.
Read more
Cerro Matoso nickel mine ditched plans to strike on Tuesday
after reaching a deal on pay increases and benefits, the company
and union said, averting potential disruption to output from one
of the world's largest producers of ferronickel.
Read more
UPDATE 1-U.S. Justice Dept should analyze Dow-DuPont deal -senator
CHICAGO, June 14 (Reuters) - The chairman of the U.S. Senate
Judiciary Committee on Tuesday urged federal antitrust officials
to conduct a "careful analysis" of Dow Chemical Co's
proposed $130 billion merger with DuPont, adding pressure
on officials to scrutinize how rapid consolidation in
agriculture will affect farmers and consumers.
Read more
Judiciary Committee on Tuesday urged federal antitrust officials
to conduct a "careful analysis" of Dow Chemical Co's
proposed $130 billion merger with DuPont, adding pressure
on officials to scrutinize how rapid consolidation in
agriculture will affect farmers and consumers.
Read more
UPDATE 1-Kyrgyz president orders legal review of Centerra Gold deals
June 14 (Reuters) - Kyrgyz President Almazbek Atambayev
ordered state prosecutors on Tuesday to review the legality of
agreements signed with Canada's Centerra Gold Inc in
2003-2004 and 2009, his office said in a statement.
Read more
ordered state prosecutors on Tuesday to review the legality of
agreements signed with Canada's Centerra Gold Inc in
2003-2004 and 2009, his office said in a statement.
Read more
Lotte Group chief says aims to refile for Hotel Lotte IPO
LAKE CHARLES, Louisiana, June 14 (Reuters) - Lotte Group,
rocked by an investigation by South Korean prosecutors, said on
Tuesday it would definitely refile plans for an initial public
offering by its Hotel Lotte division, with an aim to list around
the end of this year.
Read more
rocked by an investigation by South Korean prosecutors, said on
Tuesday it would definitely refile plans for an initial public
offering by its Hotel Lotte division, with an aim to list around
the end of this year.
Read more
Brazil indigenous community faces imminent eviction over land dispute - Amnesty
RIO DE JANEIRO, June 14 (Thomson Reuters Foundation) - An
indigenous community in southwestern Brazil faces imminent
eviction from its traditional territories, Amnesty International
said on Tuesday, in a case exemplifying ongoing land conflicts
in South America's largest country.
Read more
indigenous community in southwestern Brazil faces imminent
eviction from its traditional territories, Amnesty International
said on Tuesday, in a case exemplifying ongoing land conflicts
in South America's largest country.
Read more
MIDEAST STOCKS-Gulf firms but volumes low as investors await MSCI
DUBAI, June 14 (Reuters) - Gulf stock markets rose on
Tuesday but many investors stood on the sidelines before MSCI's
decision later in the day on whether it would consider Saudi
Arabia for inclusion in its emerging markets index.
Read more
Tuesday but many investors stood on the sidelines before MSCI's
decision later in the day on whether it would consider Saudi
Arabia for inclusion in its emerging markets index.
Read more
World's largest diamond previewed in London ahead of auction
LONDON, June 14 (Reuters) - "Lesedi la Rona", the world's
largest gem-quality rough diamond discovered in more than 100
years, goes on display in London this week before it heads for
the auction block where it is expected to fetch more than $70
million.
Read more
largest gem-quality rough diamond discovered in more than 100
years, goes on display in London this week before it heads for
the auction block where it is expected to fetch more than $70
million.
Read more
Creation of new Serbian government to be delayed beyond June 16
BELGRADE, June 14 (Reuters) - The creation of a new Serbian
government will be postponed until after June 16, the date set
earlier by country's prime minister-designate, who said on
Tuesday the delay was caused by domestic political
considerations and a visit by the Chinese president.
Read more
government will be postponed until after June 16, the date set
earlier by country's prime minister-designate, who said on
Tuesday the delay was caused by domestic political
considerations and a visit by the Chinese president.
Read more
China firms to fund Congo hydro power plant to lift mining output
GOMA, Democratic Republic of Congo, June 14 (Reuters) -
C hina's Sinohydro and China Railway Group
will finance a $660 million hydroelectric plant in southeastern
Democratic Republic of Congo which is being built to reduce the
copper-mining region's power deficit.
Read more
C hina's Sinohydro and China Railway Group
will finance a $660 million hydroelectric plant in southeastern
Democratic Republic of Congo which is being built to reduce the
copper-mining region's power deficit.
Read more
Jaguar Land Rover opens first fully owned overseas plant in Brazil
LONDON, June 14 (Reuters) - Luxury carmaker Jaguar Land
Rover (JLR) opened a new plant in Brazil on Tuesday, its first
fully owned facility outside of Britain, as part of an
investment announced before car sales began nosediving in the
world's ninth-largest economy.
Read more
Rover (JLR) opened a new plant in Brazil on Tuesday, its first
fully owned facility outside of Britain, as part of an
investment announced before car sales began nosediving in the
world's ninth-largest economy.
Read more
REFILE-Merkel: China must take more responsibility for world steel market
SHENYANG, China, June 14 (Reuters) - German Chancellor
Angela Merkel urged China on Tuesday to take greater
responsibility for the global steel market, noting it had
sharply increased its share of world steel production since
becoming a member of the World Trade Organization 15 years ago.
Read more
Angela Merkel urged China on Tuesday to take greater
responsibility for the global steel market, noting it had
sharply increased its share of world steel production since
becoming a member of the World Trade Organization 15 years ago.
Read more
UPDATE 1-LME says reviewing possible use of blockchain technology
HONG KONG, June 14 (Reuters) - The London Metal Exchange is
reviewing using so-called blockchain technology, its chief
executive said on Tuesday.
Read more
reviewing using so-called blockchain technology, its chief
executive said on Tuesday.
Read more
Kyrgyz president orders legal review of Centerra deals
June 14 (Reuters) - Kyrgyz President Almazbek Atambayev
ordered state prosecutors on Tuesday to review the legality of
agreements signed with Canada's Centerra Gold in
2003-2004 and 2009, his office said in a statement.
Read more
ordered state prosecutors on Tuesday to review the legality of
agreements signed with Canada's Centerra Gold in
2003-2004 and 2009, his office said in a statement.
Read more
Monday, June 13, 2016
UPDATE 2-S.Korea prosecutors raid more Lotte Group firms
* Lotte's hotel unit forced to pull IPO amid investigation
(Adds impact on Lotte companies so far, updates share reaction)
Read more
(Adds impact on Lotte companies so far, updates share reaction)
Read more
UPDATE 1-Brazil judge dismisses $5.7 bln civil suit against Samarco -Vale
BRASILIA, June 13 (Reuters) - Brazilian iron ore miner Vale
SA said on Monday that a 20 billion reais ($5.7
billion) civil lawsuit seeking environmental and property
damages for last year's deadly Samarco mine disaster has been
dismissed.
Read more
SA said on Monday that a 20 billion reais ($5.7
billion) civil lawsuit seeking environmental and property
damages for last year's deadly Samarco mine disaster has been
dismissed.
Read more
Mesoblast regains full rights to stem cell heart failure treatment
June 13 (Reuters) - Mesoblast Ltd on Monday said it
had regained full rights to its experimental stem cell therapy
for advanced chronic heart failure, which is currently in late
stage testing, from Teva Pharmaceutical Industries.
Read more
had regained full rights to its experimental stem cell therapy
for advanced chronic heart failure, which is currently in late
stage testing, from Teva Pharmaceutical Industries.
Read more
Brazil judge dismisses $5.7 bln civil suit against Samarco -Vale
BRASILIA, June 13 (Reuters) - Brazilian iron ore miner Vale
SA said on Monday that a 20 billion reais ($5.7
billion) civil suit over last year's Samarco mine disaster has
been dismissed, the company said in a securities filing.
Read more
SA said on Monday that a 20 billion reais ($5.7
billion) civil suit over last year's Samarco mine disaster has
been dismissed, the company said in a securities filing.
Read more
UPDATE 2-Apple opens Siri to outside developers
SAN FRANCISCO, June 13 (Reuters) - Apple Inc opened
up its popular Siri digital assistant to outside developers on
Monday, a move which means iPhone users soon could be able to
hail rides with Uber, publish photos on Shutterfly or make a
call on Skype with voice commands.
Read more
up its popular Siri digital assistant to outside developers on
Monday, a move which means iPhone users soon could be able to
hail rides with Uber, publish photos on Shutterfly or make a
call on Skype with voice commands.
Read more
Cuba sees nickel output steady at 56,000 tonnes; low prices bite
MOA, Cuba, June 13 (Reuters) - Cuba is trying to reduce
costs in the nickel industry to offset losses from low global
prices, rather than raising output from 56,000 tonnes annually,
industry executives said on a rare tour of one of the
communist-led island's plants.
Read more
costs in the nickel industry to offset losses from low global
prices, rather than raising output from 56,000 tonnes annually,
industry executives said on a rare tour of one of the
communist-led island's plants.
Read more
UPDATE 1-U.S. FAA proposes fining Amazon $350,000 for hazardous package
WASHINGTON, June 13 (Reuters) - The U.S. Federal Aviation
Administration said on Monday it is proposing a $350,000 civil
fine against Amazon.com Inc for shipping a product that
allegedly violated hazardous materials regulations and injured
several UPS workers who handled the package.
Read more
Administration said on Monday it is proposing a $350,000 civil
fine against Amazon.com Inc for shipping a product that
allegedly violated hazardous materials regulations and injured
several UPS workers who handled the package.
Read more
U.S. FAA proposes fining Amazon $350,000 for hazardous package
WASHINGTON, June 13 (Reuters) - The U.S. Federal Aviation
Administration said on Monday it is proposing a $350,000 civil
fine against Amazon.com Inc for allegedly violating
hazardous materials regulations, the latest in a series of
violations.
Read more
Administration said on Monday it is proposing a $350,000 civil
fine against Amazon.com Inc for allegedly violating
hazardous materials regulations, the latest in a series of
violations.
Read more
MIDEAST STOCKS-Gulf mostly soft but Saudi firm; Egypt's OTMT dives again
DUBAI, June 13 (Reuters) - Most stock markets in the Middle
East edged down on Monday after global bourses and oil prices
fell further and Egypt's Orascom Telecom saw a second day of
steep losses after an acquisition plan was called off but Saudi
Arabian shares were firm.
Read more
East edged down on Monday after global bourses and oil prices
fell further and Egypt's Orascom Telecom saw a second day of
steep losses after an acquisition plan was called off but Saudi
Arabian shares were firm.
Read more
CANADA STOCKS-TSX ekes out gain as materials rise
TORONTO, June 13 (Reuters) - Canada's main stock index
inched higher on Monday as gold miners and other materials
stocks gained on fading expectations for a U.S. interest rate
hike and global jitters about whether Britain will vote to leave
the European Union.
Read more
inched higher on Monday as gold miners and other materials
stocks gained on fading expectations for a U.S. interest rate
hike and global jitters about whether Britain will vote to leave
the European Union.
Read more
South African miner RBPlat hands NUM exclusive union rights
JOHANNESBURG, June 13 (Reuters) - South Africa's National
Union of Mineworkers (NUM) has secured exclusive union rights
for workers at platinum producer Royal Bafokeng Platinum
(RBPlat), it said on Monday.
Read more
Union of Mineworkers (NUM) has secured exclusive union rights
for workers at platinum producer Royal Bafokeng Platinum
(RBPlat), it said on Monday.
Read more
Apple expected to showcase new powers for Siri at developer event
June 13 (Reuters) - Apple Inc is expected to show off new
abilities for its Siri digital assistant on Monday by debuting
tools to let developers work with the company's artificial
intelligence.
Read more
abilities for its Siri digital assistant on Monday by debuting
tools to let developers work with the company's artificial
intelligence.
Read more
Pakistan shares end higher ahead of MSCI announcement
KARACHI, Pakistan, June 13 (Reuters) - Pakistani stocks
closed higher on Monday in a volatile trading session ahead of a
much-anticipated MSCI announcement on whether the bourse would
be reclassified as an emerging market, analysts said.
Read more
closed higher on Monday in a volatile trading session ahead of a
much-anticipated MSCI announcement on whether the bourse would
be reclassified as an emerging market, analysts said.
Read more
REFILE-UPDATE 1-Commodity broker Marex Spectron targets growth away from LME after fee hikes
HONG KONG, June 13 (Reuters) - Commodities broker Marex
Spectron is expanding its metals business into new regions and
products beyond the London Metal Exchange after fee hikes led
its customers to look for cheaper avenues for trading.
Read more
Spectron is expanding its metals business into new regions and
products beyond the London Metal Exchange after fee hikes led
its customers to look for cheaper avenues for trading.
Read more
UPDATE 2-Chinese and German leaders downplay China market status tensions
* Merkel says she is convinced a solution can be found
(Adds quotes from Merkel, paragraphs 8-9, 14)
Read more
(Adds quotes from Merkel, paragraphs 8-9, 14)
Read more
RPT-Chinese state-owned companies face greater scrutiny of EU deals after ruling
HONG KONG, June 13 (Reuters) - Chinese state-owned companies
seeking to buy European assets are going to face greater
regulatory scrutiny following a landmark European Commission
decision on a recent deal.
Read more
seeking to buy European assets are going to face greater
regulatory scrutiny following a landmark European Commission
decision on a recent deal.
Read more
Sunday, June 12, 2016
China's crude steel output rises 1.8 pct in May on yr -stats bureau
SHANGHAI, June 13 (Reuters) - China's crude steel output
rose 1.8 percent to 70.5 million tonnes in May from a year ago,
data from the National Bureau of Statistics showed on Monday.
Read more
rose 1.8 percent to 70.5 million tonnes in May from a year ago,
data from the National Bureau of Statistics showed on Monday.
Read more
MIDEAST STOCKS-Markets fall but Saudi developers make gains; Orascom down 6 pct
DUBAI, June 12 (Reuters) - Middle East stock markets fell on
Sunday as investors booked profits following a pull-back in oil
prices and international stock markets, but some Saudi Arabian
real estate shares bucked the downtrend because of the kingdom's
economic reform plan.
Read more
Sunday as investors booked profits following a pull-back in oil
prices and international stock markets, but some Saudi Arabian
real estate shares bucked the downtrend because of the kingdom's
economic reform plan.
Read more
Friday, June 10, 2016
Chile's embattled salmon industry intensified antibiotic use in 2015 -government
SANTIAGO, June 10 (Reuters) - Salmon producers in Chile,
under pressure from international buyers to reduce the amount of
antibiotics they put into their fish, intensified their use of
the substances in 2015 from the previous year, government
statistics showed on Friday.
Read more
under pressure from international buyers to reduce the amount of
antibiotics they put into their fish, intensified their use of
the substances in 2015 from the previous year, government
statistics showed on Friday.
Read more
Odebrecht misses deadline to transfer Colombia project, fines to begin
BOGOTA, June 10 (Reuters) - Construction firm Odebrecht
has not yet found a company to take over a large
portion of its $849.7 million majority stake in a project to
make Colombia's Magdalena River more navigable and will now
begin paying fines for failing to start construction, the
government said on Friday.
Read more
has not yet found a company to take over a large
portion of its $849.7 million majority stake in a project to
make Colombia's Magdalena River more navigable and will now
begin paying fines for failing to start construction, the
government said on Friday.
Read more
Bayer waiting for Monsanto to engage after spurned bid -sources
June 10 (Reuters) - Monsanto Co, the world's largest
seed company, has still not opened its books more than two weeks
after it rejected Bayer AG's $62 billion acquisition
offer but left the door open to a possible deal, according to
people familiar with the matter.
Read more
seed company, has still not opened its books more than two weeks
after it rejected Bayer AG's $62 billion acquisition
offer but left the door open to a possible deal, according to
people familiar with the matter.
Read more
Sable Mining CEO says Liberia indictment 'politically motivated'
MONROVIA, June 10 (Reuters) - Sable Mining Chief
Executive Officer Andrew Groves said on Friday that his
indictment this week by a grand jury in Liberia in relation to a
corruption investigation was politically motivated.
Read more
Executive Officer Andrew Groves said on Friday that his
indictment this week by a grand jury in Liberia in relation to a
corruption investigation was politically motivated.
Read more
Investors turn bullish on U.S. ethanol shares
NEW YORK, June 10 (Reuters) - After a weak start in 2016,
investors are rediscovering shares of biofuels companies that
make ethanol, a grain alcohol that can be used as fuel.
Read more
investors are rediscovering shares of biofuels companies that
make ethanol, a grain alcohol that can be used as fuel.
Read more
U.S., Canada lumber talks stalled, litigation looms: sources
OTTAWA, June 10 (Reuters) - Talks between Canada and the
United States to resolve a dispute over exports of softwood
lumber are making little progress and the matter likely will
return to the courts, sources familiar with the negotiations
said on Friday.
Read more
United States to resolve a dispute over exports of softwood
lumber are making little progress and the matter likely will
return to the courts, sources familiar with the negotiations
said on Friday.
Read more
Merkel to press China on business conditions amid takeover wave
BERLIN, June 10 (Reuters) - After a golden decade for
economic ties between Germany and China, concerns are growing in
Berlin over barriers to foreign firms in China, Beijing's more
muscular foreign policy and its increased authoritarianism at
home.
Read more
economic ties between Germany and China, concerns are growing in
Berlin over barriers to foreign firms in China, Beijing's more
muscular foreign policy and its increased authoritarianism at
home.
Read more
Chemical maker Westlake agrees to buy Axiall for $2.33 bln
June 10 (Reuters) - Axiall Corp has agreed to be
acquired by Westlake Chemical Corp for $2.33 billion,
days after South Korea's Lotte Chemical Corp offered
to buy Axiall.
Read more
acquired by Westlake Chemical Corp for $2.33 billion,
days after South Korea's Lotte Chemical Corp offered
to buy Axiall.
Read more
Pakistan shares end lower; MSCI inclusion weighs
KARACHI, June 10 (Reuters) - Pakistan stocks closed lower on
Friday on foreign selling and anxiety over whether the country's
stock market would be included as an emerging market in the MSCI
index later this month, dealers said.
Read more
Friday on foreign selling and anxiety over whether the country's
stock market would be included as an emerging market in the MSCI
index later this month, dealers said.
Read more
Ten EU nations still breaching pollution limits-EEA
LONDON, June 10 (Reuters) - Air pollution from sources such
as transport and agriculture is still above legal limits in 10
European Union member states, data from the European Environment
Agency (EEA) showed on Friday.
Read more
as transport and agriculture is still above legal limits in 10
European Union member states, data from the European Environment
Agency (EEA) showed on Friday.
Read more
Vale's Mozambique unit says trains attacked by gunmen
JOHANNESBURG, June 10 (Reuters) - The Mozambique unit of
Brazilian mining company Vale said on Friday that its
trains had targeted by gunfire twice in recent days on the Sena
rail line which carries coal from the interior to the Indian
Ocean port of Beira.
Read more
Brazilian mining company Vale said on Friday that its
trains had targeted by gunfire twice in recent days on the Sena
rail line which carries coal from the interior to the Indian
Ocean port of Beira.
Read more
UPDATE 3-Seoul prosecutors raid Lotte Group, casting new shadow over hotel unit IPO
* Analysts say Hotel Lotte IPO may be further delayed
(Adds details, background, affiliate share prices)
Read more
(Adds details, background, affiliate share prices)
Read more
Thursday, June 9, 2016
UPDATE 2-Brazil police say Samarco ignored risk of dam collapse
RIO DE JANEIRO, June 9 (Reuters) - Brazil's federal police
accused on Thursday mining company Samarco, a joint venture
between Vale SA and BHP Billiton, of willful
misconduct in relation to a deadly dam burst last November,
saying the company had ignored clear signs the dam was at risk
of collapsing.
Read more
accused on Thursday mining company Samarco, a joint venture
between Vale SA and BHP Billiton, of willful
misconduct in relation to a deadly dam burst last November,
saying the company had ignored clear signs the dam was at risk
of collapsing.
Read more
Brazil police complete criminal probe into Samarco dam burst
RIO DE JANEIRO, June 9 (Reuters) - Brazil's federal police
said on Thursday they have completed a criminal investigation
into a dam burst last November at a mine run by Samarco, a joint
venture between Vale SA and BHP Billiton, in
which they accused three companies and eight employees of
various crimes including wilful misconduct.
Read more
said on Thursday they have completed a criminal investigation
into a dam burst last November at a mine run by Samarco, a joint
venture between Vale SA and BHP Billiton, in
which they accused three companies and eight employees of
various crimes including wilful misconduct.
Read more
Liberia indicts Sable Mining chief executive over alleged bribery scandal
MONROVIA, June 9 (Reuters) - A grand jury in Liberia
indicted on Thursday the chief executive officer of the London
AIM-listed Sable Mining, Andrew Groves, in connection
with an alleged bribery scandal involving several senior
Liberian officials, the head of a special task force said.
Read more
indicted on Thursday the chief executive officer of the London
AIM-listed Sable Mining, Andrew Groves, in connection
with an alleged bribery scandal involving several senior
Liberian officials, the head of a special task force said.
Read more
UPDATE 2-Northam Platinum walkout to resume until worker safety assured, says NUM
NORTHAM, South Africa, June 9 (Reuters) - Members of South
Africa's National Union of Mineworkers (NUM) will not return to
work at Northam Platinum's Zondereinde mine until they
receives assurances over security from police and the company,
an NUM spokesman said on Thursday.
Read more
Africa's National Union of Mineworkers (NUM) will not return to
work at Northam Platinum's Zondereinde mine until they
receives assurances over security from police and the company,
an NUM spokesman said on Thursday.
Read more
Pakistan shares close lower on profit-taking
KARACHI, June 9 (Reuters) - Pakistan stocks closed lower on
Thursday on profit-taking as investors cashed in after the index
saw a two-day high, dealers said.
Read more
Thursday on profit-taking as investors cashed in after the index
saw a two-day high, dealers said.
Read more
Turkey bans sale of some fertilisers after bomb attacks
ISTANBUL, June 9 (Reuters) - Turkey has banned the sale of
fertilisers containing ammonium nitrate, which can be used in
explosives, after at least half a dozen car bomb attacks this
year, the agriculture minister said on Thursday.
Read more
fertilisers containing ammonium nitrate, which can be used in
explosives, after at least half a dozen car bomb attacks this
year, the agriculture minister said on Thursday.
Read more
EU to rule on Russian access to Nord Stream gas pipeline's link to Germany
BRUSSELS/MOSCOW, June 9 (Reuters) - Brussels is expected to
rule next month on whether to allow Russia to pump more gas via
its Nord Stream pipeline's gas link to Germany, risking fresh
discord between member states over energy dependence on Russia,
EU and Gazprom sources said.
Read more
rule next month on whether to allow Russia to pump more gas via
its Nord Stream pipeline's gas link to Germany, risking fresh
discord between member states over energy dependence on Russia,
EU and Gazprom sources said.
Read more
After shock of redemptions, sovereign funds rethink strategies
LONDON, June 9 (Reuters) - Having gone from bumper cash
inflows to redemptions in just two years, many sovereign wealth
funds have been forced to shake up their investment strategies
to embrace both super-liquid safe assets with more esoteric
illiquid plays to bolster returns.
Read more
inflows to redemptions in just two years, many sovereign wealth
funds have been forced to shake up their investment strategies
to embrace both super-liquid safe assets with more esoteric
illiquid plays to bolster returns.
Read more
UPDATE 1-Japan may seek WTO help to resolve India steel tariff dispute
June 9 (Reuters) - Japan said it may ask the World Trade
Organization (WTO) to help resolve a dispute related to India's
"safeguard" tariffs on the import of hot-rolled steel.
Read more
Organization (WTO) to help resolve a dispute related to India's
"safeguard" tariffs on the import of hot-rolled steel.
Read more
Iranian minister says export guarantee row with Germany almost solved
BERLIN, June 9 (Reuters) - Iran expects a row with Germany
over unpaid state export guarantees to be resolved soon, its
industry minister was quoted as saying in a German newspaper on
Thursday, a step which would remove a big hurdle to reviving
trade relations.
Read more
over unpaid state export guarantees to be resolved soon, its
industry minister was quoted as saying in a German newspaper on
Thursday, a step which would remove a big hurdle to reviving
trade relations.
Read more
BHP sets sights on a new iron mine to replace ageing one
SYDNEY, June 9 (Reuters) - BHP Billiton is
studying an option to develop a massive new iron ore deposit in
Australia to replace lost tonnes as operations age and reserves
decline, according to the company and documents filed with
environmental regulators.
Read more
studying an option to develop a massive new iron ore deposit in
Australia to replace lost tonnes as operations age and reserves
decline, according to the company and documents filed with
environmental regulators.
Read more
UPDATE 1-Packaging maker RPC to buy British Polythene in $379 mln deal
June 9 (Reuters) - Packaging maker RPC Group Plc
said it would buy British Polythene Industries Plc
(BPI) for about 261 million pounds ($379 million) in a
cash-and-stock deal, as it looks to firm up its hold on the
European polythene films market.
Read more
said it would buy British Polythene Industries Plc
(BPI) for about 261 million pounds ($379 million) in a
cash-and-stock deal, as it looks to firm up its hold on the
European polythene films market.
Read more
Wednesday, June 8, 2016
RPT-Electric vehicles to power cobalt revival
LONDON, June 8 (Reuters) - Cobalt prices may be on the
threshold of a major revival due to flourishing demand for the
mineral, a key component of lithium-ion batteries used in
electric cars.
Read more
threshold of a major revival due to flourishing demand for the
mineral, a key component of lithium-ion batteries used in
electric cars.
Read more
London appetite for gold bars, coins rises on Brexit nerves
LONDON, June 9 (Reuters) - At Sharps Pixley, a gold showroom
in London's smart Mayfair district, demand for bullion bars and
coins is rising, with men and women of all ages buying up the
safe-haven metal in case of a British exit from the European
Union.
Read more
in London's smart Mayfair district, demand for bullion bars and
coins is rising, with men and women of all ages buying up the
safe-haven metal in case of a British exit from the European
Union.
Read more
UPDATE 1-Tesla CEO says may source Samsung battery for energy storage products
* Samsung SDI shares rebound on Thursday after Musk's tweet
(Recasts first paragraph with Tesla CEO's latest tweet on
non-car batteries)
Read more
(Recasts first paragraph with Tesla CEO's latest tweet on
non-car batteries)
Read more
UPDATE 2-Freeport says buyers eager for a stake in its assets
June 8 (Reuters) - U.S. miner Freeport-McMoRan Inc
will consider a "broad spectrum" of asset sales and has
attracted interest from parties wanting to buy a stake in a
grouping of its assets, Chief Financial Officer Kathleen Quirk
said on Wednesday.
Read more
will consider a "broad spectrum" of asset sales and has
attracted interest from parties wanting to buy a stake in a
grouping of its assets, Chief Financial Officer Kathleen Quirk
said on Wednesday.
Read more
UK scientists find new 3-parent IVF technique safe in lab tests
LONDON, June 8 (Reuters) - A study of a new 3-parent IVF
technique designed to reduce the risk of mothers passing
hereditary diseases to their babies has found it is likely to
work well and lead to normal pregnancies, British scientists
said.
Read more
technique designed to reduce the risk of mothers passing
hereditary diseases to their babies has found it is likely to
work well and lead to normal pregnancies, British scientists
said.
Read more
CANADA STOCKS-TSX little changed after hitting 10-month high
OTTAWA, June 8 (Reuters) - Canada's main stock index was
little changed after touching a 10-month high on Wednesday as
gains in commodity prices lifted shares of miners including gold
producers Barrick Gold and Goldcorp.
Read more
little changed after touching a 10-month high on Wednesday as
gains in commodity prices lifted shares of miners including gold
producers Barrick Gold and Goldcorp.
Read more
UPDATE 1-S.Africa's NUM union members refuse to resume work at Northam until demands met
JOHANNESBURG, June 8 (Reuters) - Workers belonging to the
major union at South Africa's Northam Platinum said on
Wednesday they would not resume work at its Zondereinde mine
until arrests were made for a spate of murders.
Read more
major union at South Africa's Northam Platinum said on
Wednesday they would not resume work at its Zondereinde mine
until arrests were made for a spate of murders.
Read more
Electric vehicles to power cobalt revival
LONDON, June 8 (Reuters) - Cobalt prices may be on the
threshold of a major revival due to flourishing demand for the
mineral, a key component of lithium-ion batteries used in
electric cars.
Read more
threshold of a major revival due to flourishing demand for the
mineral, a key component of lithium-ion batteries used in
electric cars.
Read more
S.Africa's NUM union wants killers arrests before resuming work at Northam mine
JOHANNESBURG, June 8 (Reuters) - South Africa's National
Union of Mineworkers (NUM) said on Wednesday its members would
only resume work at Northam Platinum's Zondereinde mine
after arrests have been made in connection with a spate of
murders of its members.
Read more
Union of Mineworkers (NUM) said on Wednesday its members would
only resume work at Northam Platinum's Zondereinde mine
after arrests have been made in connection with a spate of
murders of its members.
Read more
UPDATE 1-Polish rejection of Tauron payout raises dividend fears
KATOWICE, Poland, June 8 (Reuters) - Poland unexpectedly
rejected a dividend payout by state-controlled Tauron
on Wednesday, knocking shares in the energy utility and raising
questions among analysts over dividend payments by other
state-run firms.
Read more
rejected a dividend payout by state-controlled Tauron
on Wednesday, knocking shares in the energy utility and raising
questions among analysts over dividend payments by other
state-run firms.
Read more
Japan may seek WTO help to resolve India steel tariff dispute
June 8 (Reuters) - Japan said it may ask the World Trade
Organization (WTO) to help resolve a dispute related to India's
"safeguard" tariffs on the import of hot-rolled steel.
Read more
Organization (WTO) to help resolve a dispute related to India's
"safeguard" tariffs on the import of hot-rolled steel.
Read more
After five lean years, gold miners gear up for growth
VANCOUVER/TORONTO June 8 (Reuters) - For the first time in
five years, Barrick Gold and other bullion miners are
getting ready to expand, breaking from their monologue on
cutting costs and debt because of tumbling gold prices.
Read more
five years, Barrick Gold and other bullion miners are
getting ready to expand, breaking from their monologue on
cutting costs and debt because of tumbling gold prices.
Read more
Pakistan shares hit yet another high
KARACHI, June 8 (Reuters) - Pakistan stocks climbed to yet
another high on Wednesday, led by energy and cement stocks,
dealers said.
Read more
another high on Wednesday, led by energy and cement stocks,
dealers said.
Read more
CORRECTED-UPDATE 1-UK's Ofgem weighing up National Grid's cost recovery plea
June 8 (Reuters) - Britain's energy market regulator Ofgem
said that it was consulting on National Grid Plc's
request to recover the rising costs of two contracts for grid
services that it agreed with SSE Plc and Drax Group Plc
.
Read more
said that it was consulting on National Grid Plc's
request to recover the rising costs of two contracts for grid
services that it agreed with SSE Plc and Drax Group Plc
.
Read more
S.Africa's NUM union to decide whether to return to work at Northam
JOHANNESBURG, June 8 (Reuters) - Members of South Africa's
National Union of Mineworkers (NUM) will decide on Wednesday if
they will return to work at Northam Platinum's
Zondereinde mine, which was shut on Monday after violent clashes
between NUM and a rival union.
Read more
National Union of Mineworkers (NUM) will decide on Wednesday if
they will return to work at Northam Platinum's
Zondereinde mine, which was shut on Monday after violent clashes
between NUM and a rival union.
Read more
Tuesday, June 7, 2016
UPDATE 1-Chinese copper imports jump by 19.4 pct in May on year-customs data
SHANGHAI, June 8 (Reuters) - China's copper imports jumped
by 19.4 percent from the same month a year ago to 430,000 tonnes
in May, customs data showed on Wednesday, as term shipments
remained strong despite higher prices in overseas markets.
Read more
by 19.4 percent from the same month a year ago to 430,000 tonnes
in May, customs data showed on Wednesday, as term shipments
remained strong despite higher prices in overseas markets.
Read more
Venezuela's Maduro creates mining ministry
CARACAS, June 7 (Reuters) - Venezuelan President Nicolas
Maduro announced on Tuesday the creation of a ministry devoted
just to mining, as the OPEC nation pushes to develop untapped
mineral resources to diversify away from the oil industry, which
provides nearly all its foreign exchange.
Read more
Maduro announced on Tuesday the creation of a ministry devoted
just to mining, as the OPEC nation pushes to develop untapped
mineral resources to diversify away from the oil industry, which
provides nearly all its foreign exchange.
Read more
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