LISBON, July 31 (Reuters) - Fosun Group, China's biggest
private conglomerate, made a firm offer to buy a 16.7 percent
stake in Portugal's largest listed bank, Millennium bcp, via a
dedicated capital hike with a possible further increase of the
stake to up to 30 percent.
Read more
Sunday, July 31, 2016
Fosun strikes first Brazil deal with purchase of fund manager Rio Bravo
HONG KONG, July 30 (Reuters) - Fosun Group said on Saturday
it has agreed to buy Brazilian fund manager Rio Bravo
Investimentos, in the Chinese conglomerate's first acquisition
in Latin America.
Read more
it has agreed to buy Brazilian fund manager Rio Bravo
Investimentos, in the Chinese conglomerate's first acquisition
in Latin America.
Read more
Friday, July 29, 2016
UPDATE 1-Bayer says will halt future U.S. sales of insecticide
CHICAGO, July 29 (Reuters) - The agricultural unit of German
chemicals company Bayer AG will halt future U.S.
sales of an insecticide that can be used on more than 200 crops
after losing a fight with the U.S. Environmental Protection
Agency, the company said on Friday.
Read more
chemicals company Bayer AG will halt future U.S.
sales of an insecticide that can be used on more than 200 crops
after losing a fight with the U.S. Environmental Protection
Agency, the company said on Friday.
Read more
China says EU anti-dumping duties are "unjustifiable protection"
SHANGHAI, July 30 (Reuters) - The European Commission's
imposition of heavy anti-dumping duties on Chinese steel bars is
"unjustifiable protection for the EU steel industry," the
official Xinhua news agency reported, citing a statement from
the Ministry of Commerce (MOFCOM).
Read more
imposition of heavy anti-dumping duties on Chinese steel bars is
"unjustifiable protection for the EU steel industry," the
official Xinhua news agency reported, citing a statement from
the Ministry of Commerce (MOFCOM).
Read more
China finds big potassium deposit in Qinghai - Xinhua
BEIJING, July 29 (Reuters) - China has discovered a large
potassium deposit in Qinghai province in the north, a finding
set to ease the country's import dependence for the key
fertilizer, the Xinhua state news agency reported on Friday.
Read more
potassium deposit in Qinghai province in the north, a finding
set to ease the country's import dependence for the key
fertilizer, the Xinhua state news agency reported on Friday.
Read more
REFILE-Bayer to halt future U.S. sales of insecticide
CHICAGO, July 29 (Reuters) - The agricultural unit of German
chemicals company Bayer AG will halt future U.S.
sales of an insecticide used on more than 200 crops after losing
a fight with the U.S. Environmental Protection Agency, the
company said on Friday.
Read more
chemicals company Bayer AG will halt future U.S.
sales of an insecticide used on more than 200 crops after losing
a fight with the U.S. Environmental Protection Agency, the
company said on Friday.
Read more
RPT-INSIGHT-Turkey's investment grade hangs in balance as post-coup purges deepen
ISTANBUL, July 28 (Reuters) - A crackdown in Turkey after a
failed coup could further weaken its institutions and threaten
its investment grade status, investors fear, as dismissals and
detentions stretch from the judiciary into the private sector
and even the central bank.
Read more
failed coup could further weaken its institutions and threaten
its investment grade status, investors fear, as dismissals and
detentions stretch from the judiciary into the private sector
and even the central bank.
Read more
Thursday, July 28, 2016
RPT-NZ building boom to help cool property, supports case for rate cuts
WELLINGTON, July 29 (Reuters) - New Zealand's construction
boom led to a 35 percent surge in building consents in the year
to June, soothing concern over rising house prices to reinforce
expectations that the central bank will reduce interest rates
further.
Read more
boom led to a 35 percent surge in building consents in the year
to June, soothing concern over rising house prices to reinforce
expectations that the central bank will reduce interest rates
further.
Read more
RPT-WRAPUP 1-Oil industry suppliers see light at the end of the tunnel
OSLO/MILAN, July 28 (Reuters) - European suppliers to the
oil industry, hit by their customers' spending cutbacks over the
past two years, have produced stronger than expected
second-quarter earnings and are cautiously pointing to signs of
recovery in demand.
Read more
oil industry, hit by their customers' spending cutbacks over the
past two years, have produced stronger than expected
second-quarter earnings and are cautiously pointing to signs of
recovery in demand.
Read more
Australia shares flat as investors stay on sidelines, NZ higher
SYDNEY/WELLINGTON, July 29 (Reuters) - Australian shares
were unchanged on Friday, and New Zealand stocks edged slightly
higher as investors on both sides of the Tasman took a breather
ahead of the August reporting season.
Read more
were unchanged on Friday, and New Zealand stocks edged slightly
higher as investors on both sides of the Tasman took a breather
ahead of the August reporting season.
Read more
NZ building boom to help cool property, supports case for rate cuts
WELLINGTON, July 29 (Reuters) - New Zealand's construction
boom led to a 35 percent surge in building consents in the year
to June, soothing concern over rising house prices to reinforce
expectations that the central bank will reduce interest rates
further.
Read more
boom led to a 35 percent surge in building consents in the year
to June, soothing concern over rising house prices to reinforce
expectations that the central bank will reduce interest rates
further.
Read more
RPT-COLUMN-Shanghai aluminium heats up for want of cold metal: Andy Home
LONDON, July 29 (Reuters) - Stocks down, prices up. That's
the hallmark of a bull commodity market, right?
Read more
the hallmark of a bull commodity market, right?
Read more
UPDATE 1-Gold miners keep chipping at costs, debt even as profits climb
TORONTO/VANCOUVER July 28 (Reuters) - Gold bullion prices
have increased 26 percent this year, but the world's biggest
gold miners are paring costs and selling assets to lower debt
despite the windfall rather than boosting spending.
Read more
have increased 26 percent this year, but the world's biggest
gold miners are paring costs and selling assets to lower debt
despite the windfall rather than boosting spending.
Read more
REFILE-CORRECTED-N. American forests not the climate change remedy hoped for - study
NEW YORK, July 20 (Thomson Reuters Foundation) - North
American forests will not fight climate change by absorbing
carbon dioxide at levels once hoped for because the trees may
not grow big enough, a study said on Wednesday.
Read more
American forests will not fight climate change by absorbing
carbon dioxide at levels once hoped for because the trees may
not grow big enough, a study said on Wednesday.
Read more
UPDATE 1-Brazil's Petrobras in talks to sell assets to Mexico's Alpek
SAO PAULO, July 28 (Reuters) - Brazil's state-run oil
company Petroleo Brasileiro SA said in a statement on
Thursday it is in exclusive talks for 60 days with Mexico's
Alpek over the potential sale of PetroquimicaSuape
and Citepe assets in Brazil's northeast.
Read more
company Petroleo Brasileiro SA said in a statement on
Thursday it is in exclusive talks for 60 days with Mexico's
Alpek over the potential sale of PetroquimicaSuape
and Citepe assets in Brazil's northeast.
Read more
CORRECTED-N. American forests not the climate change remedy hoped for - study
NEW YORK, July 20 (Thomson Reuters Foundation) - North
American forests will not fight climate change by absorbing
carbon dioxide at levels once hoped for because the trees may
not grow big enough, a study said on Wednesday.
Read more
American forests will not fight climate change by absorbing
carbon dioxide at levels once hoped for because the trees may
not grow big enough, a study said on Wednesday.
Read more
Saint-Gobain says Brexit may have silver construction lining
PARIS, July 28 (Reuters) - Britain's decision to quit the
European Union has caused uncertainty but is unlikely to have a
significant impact on business and may be a boost for the
construction industry, French building supplies group
Saint-Gobain said.
Read more
European Union has caused uncertainty but is unlikely to have a
significant impact on business and may be a boost for the
construction industry, French building supplies group
Saint-Gobain said.
Read more
INSIGHT-Turkey's investment grade hangs in balance as post-coup purges deepen
ISTANBUL, July 28 (Reuters) - A crackdown in Turkey after a
failed coup could further weaken its institutions and threaten
its investment grade status, investors fear, as dismissals and
detentions stretch from the judiciary into the private sector
and even the central bank.
Read more
failed coup could further weaken its institutions and threaten
its investment grade status, investors fear, as dismissals and
detentions stretch from the judiciary into the private sector
and even the central bank.
Read more
WRAPUP 1-Oil industry suppliers see light at the end of the tunnel
OSLO/MILAN, July 28 (Reuters) - European suppliers to the
oil industry, hit by their customers' spending cutbacks over the
past two years, have produced stronger than expected
second-quarter earnings and are cautiously pointing to signs of
recovery in demand.
Read more
oil industry, hit by their customers' spending cutbacks over the
past two years, have produced stronger than expected
second-quarter earnings and are cautiously pointing to signs of
recovery in demand.
Read more
UPDATE 2-Potash Corp cuts dividend, profit forecast again, shares fall
July 28 (Reuters) - Potash Corp of Saskatchewan
, the world's biggest fertilizer company by capacity, cut
its full-year profit forecast and dividend for the second time
this year on Thursday, and said that potash markets had reached
their low point.
Read more
, the world's biggest fertilizer company by capacity, cut
its full-year profit forecast and dividend for the second time
this year on Thursday, and said that potash markets had reached
their low point.
Read more
UPDATE 3-Brazil's Vale second-quarter profit falls 34 pct; shares drop
RIO DE JANEIRO, July 28 (Reuters) - Brazilian mining company
Vale SA said on Thursday that second-quarter
net income fell 34 percent as provisions for potential losses
from the burst dam at its Samarco subsidiary and higher taxes
undermined productivity gains.
Read more
Vale SA said on Thursday that second-quarter
net income fell 34 percent as provisions for potential losses
from the burst dam at its Samarco subsidiary and higher taxes
undermined productivity gains.
Read more
COLUMN-Shanghai aluminium heats up for want of cold metal: Andy Home
LONDON, July 28 (Reuters) - Stocks down, prices up. That's
the hallmark of a bull commodity market, right?
Read more
the hallmark of a bull commodity market, right?
Read more
UPDATE 2-Canadian miner Teck posts surprise profit as costs fall
July 28 (Reuters) - Canadian miner Teck Resources Ltd
reported a surprise quarterly profit as its
costs declined.
Read more
reported a surprise quarterly profit as its
costs declined.
Read more
UPDATE 1-Dow Chemical's profit handily beats estimates as costs fall
July 28 (Reuters) - Dow Chemical Co, the No.1 U.S.
chemical maker by sales, reported a better-than-expected
quarterly profit as cost cuts helped boost margins.
Read more
chemical maker by sales, reported a better-than-expected
quarterly profit as cost cuts helped boost margins.
Read more
Eramet sees progress in nickel rescue plan, shares slide
PARIS, July 28 (Reuters) - French mining group Eramet
says in results presentation on Thursday that a mix of
cost savings, divestment and extra financing including a
convertible bond issue will help its nickel unit in New
Caledonia stem heavy losses.
Read more
says in results presentation on Thursday that a mix of
cost savings, divestment and extra financing including a
convertible bond issue will help its nickel unit in New
Caledonia stem heavy losses.
Read more
Dow Chemical profit nearly triples on Dow Corning gain
July 28 (Reuters) - Dow Chemical Co's quarterly
profit nearly tripled, helped by a gain related to the
restructuring of the Dow Corning joint venture.
Read more
profit nearly tripled, helped by a gain related to the
restructuring of the Dow Corning joint venture.
Read more
Russia's Rusal H1 aluminium sales volumes rise 5 pct
July 28 (Reuters) - Russian aluminium giant Rusal
on Thursday reported a 5 percent rise in half-year aluminium
sales volumes from a year ago, mainly due to the start-up of its
Boguchansky smelter, but the average sale price slid 24 percent.
Read more
on Thursday reported a 5 percent rise in half-year aluminium
sales volumes from a year ago, mainly due to the start-up of its
Boguchansky smelter, but the average sale price slid 24 percent.
Read more
Wednesday, July 27, 2016
UPDATE 1-BHP Billiton adds to red ink for 2016 with $1 bln-plus Brazil charge
MELBOURNE, July 28 (Reuters) - BHP Billiton
will book a charge of up to $1.3 billion to cover the costs of a
dam disaster last November at the Samarco iron ore mine in
Brazil, putting it on course to report its worst ever annual
loss.
Read more
will book a charge of up to $1.3 billion to cover the costs of a
dam disaster last November at the Samarco iron ore mine in
Brazil, putting it on course to report its worst ever annual
loss.
Read more
UPDATE 1-Miner Goldcorp reports loss as output falls by a third
July 27 (Reuters) - Goldcorp Inc on Wednesday posted
a far bigger second-quarter net loss than expected as production
fell by almost one-third and costs rose partly due to a
maintenance shutdown and slow restart of its biggest mine.
Read more
a far bigger second-quarter net loss than expected as production
fell by almost one-third and costs rose partly due to a
maintenance shutdown and slow restart of its biggest mine.
Read more
UPDATE 1-Kinross Gold loss narrows as output rises, costs fall
July 27 (Reuters) - Kinross Gold Corp reported a
slightly narrower second-quarter loss on Wednesday as production
rose and costs fell at the world's fifth-biggest gold miner.
Read more
slightly narrower second-quarter loss on Wednesday as production
rose and costs fell at the world's fifth-biggest gold miner.
Read more
Anti-mining politician freed from jail in Peru slams government
LIMA, July 27 (Reuters) - A fiery anti-mining activist and
former governor of a gold-rich region in Peru who was freed from
jail on Wednesday accused the government of locking him up for
two years in order to keep him from power.
Read more
former governor of a gold-rich region in Peru who was freed from
jail on Wednesday accused the government of locking him up for
two years in order to keep him from power.
Read more
Insider trading by ex-banker's father becomes focus in U.S. trial
NEW YORK, July 27 (Reuters) - The relationship between a
former Wall Street investment banker charged for insider trading
and his father, who traded on information about mergers he
learned from him, took center stage at the start of the son's
trial on Wednesday.
Read more
former Wall Street investment banker charged for insider trading
and his father, who traded on information about mergers he
learned from him, took center stage at the start of the son's
trial on Wednesday.
Read more
BUZZ-Goodyear Tire & Rubber Co: Q2 profit beats on cost cuts
July 27 (Reuters) - ** U.S. tire maker's shares
up 2.6 pct at $28.63, set to open at more than two-month high
Read more
up 2.6 pct at $28.63, set to open at more than two-month high
Read more
UPDATE 1-Excalibur says still keen to buy Tata's UK steel business
LONDON, July 27 (Reuters) - Management buyout group
Excalibur, one of the bidders for Tata's <TISC.NS > British
steelmaking business, intends to pursue plans to buy the assets,
it said on Wednesday, despite Tata pausing the sale process to
explore joint ventures.
Read more
Excalibur, one of the bidders for Tata's <TISC.NS > British
steelmaking business, intends to pursue plans to buy the assets,
it said on Wednesday, despite Tata pausing the sale process to
explore joint ventures.
Read more
Pakistan shares hit record closing high; rupee flat, o/n rates rise
KARACHI, July 27 (Reuters) - Pakistan stocks extended gains
for a second session to close at an all-time high on Wednesday,
on continued foreign investor inflows and positive sentiment
about corporate earnings, dealers said.
Read more
for a second session to close at an all-time high on Wednesday,
on continued foreign investor inflows and positive sentiment
about corporate earnings, dealers said.
Read more
UPDATE 1-Mexican cement producer Cemex's profit jumps 16 pct
July 27 (Reuters) - Mexico's Cemex, one of the
world's largest cement producers, reported a jump in
second-quarter profit, boosted by sales in the United States and
Mexico.
Read more
world's largest cement producers, reported a jump in
second-quarter profit, boosted by sales in the United States and
Mexico.
Read more
BASF says must run Chemetall very well to avoid buyer's remorse
FRANKFURT, July 27 (Reuters) - Global chemicals maker BASF
warned that the $3.2 billion it paid for Albemarle
Corp's surface-treatment unit Chemetall set a high bar
for future returns from the investment.
Read more
warned that the $3.2 billion it paid for Albemarle
Corp's surface-treatment unit Chemetall set a high bar
for future returns from the investment.
Read more
UPDATE 1-Philippines will not allow Tampakan mine to operate as open-pit -minister
* Govt has suspended 7 mines, may shut more amid complaints
(Adds comments on possible closure of more mines, background)
Read more
(Adds comments on possible closure of more mines, background)
Read more
COLUMN-China iron ore miners' call for import protection is ironic, distracting: Russell
LAUNCESTON, Australia, July 27 (Reuters) - There is
something of a delicious irony in China's iron ore miners
complaining of dumping by foreign producers, but what it really
underscores is the multitude of challenges facing the world's
biggest steel industry.
Read more
something of a delicious irony in China's iron ore miners
complaining of dumping by foreign producers, but what it really
underscores is the multitude of challenges facing the world's
biggest steel industry.
Read more
UPDATE 1-China offers more funds for 'difficult' steel cuts - state planner
BEIJING/SHANGHAI, July 27 (Reuters) - China is facing
extreme difficulties in its bid reduce overcapacity in the steel
industry and will provide more funds to help handle layoffs and
debts, the country's state planner said in a statement on its
website on Wednesday.
Read more
extreme difficulties in its bid reduce overcapacity in the steel
industry and will provide more funds to help handle layoffs and
debts, the country's state planner said in a statement on its
website on Wednesday.
Read more
Tuesday, July 26, 2016
RPT-Australia farmers defer wheat sales, hope for La Nina-led price rally
SYDNEY, July 26 (Reuters) - Australian farmers are holding
on to their wheat stocks and refraining from locking in deals
for future sales, on hopes a La Nina weather event later this
year will dent global output and lift prices from current
10-year lows.
Read more
on to their wheat stocks and refraining from locking in deals
for future sales, on hopes a La Nina weather event later this
year will dent global output and lift prices from current
10-year lows.
Read more
EXCLUSIVE-Barrick Gold weighs sale of $1.9 bln Acacia stake - sources
TORONTO/VANCOUVER, July 26 (Reuters) - Barrick Gold Corp
, the world's largest gold producer, is weighing a sale
of its majority stake in African unit Acacia Mining Plc
and has approached several South African miners, according to
sources familiar with the situation.
Read more
, the world's largest gold producer, is weighing a sale
of its majority stake in African unit Acacia Mining Plc
and has approached several South African miners, according to
sources familiar with the situation.
Read more
Land used for palm oil could double without damaging forests - researchers
RIO DE JANEIRO, July 26 (Thomson Reuters Foundation) - The
area covered by palm oil plantations worldwide could double
without damaging protected areas or sensitive forests, Austrian
researchers said on Tuesday.
Read more
area covered by palm oil plantations worldwide could double
without damaging protected areas or sensitive forests, Austrian
researchers said on Tuesday.
Read more
CANADA STOCKS-TSX's gold miners, banks help index gain
TORONTO, July 26 (Reuters) - Canada's main stock index made
gains on Tuesday, helped by rising gold miners and other
materials stocks as well as financials, while worries about
oversupply of oil weighed on some energy names.
Read more
gains on Tuesday, helped by rising gold miners and other
materials stocks as well as financials, while worries about
oversupply of oil weighed on some energy names.
Read more
Belgian scientists make novel water-from-urine machine
BRUSSELS, July 26 (Reuters) - A team of scientists at a
Belgian university say they have created a machine that turns
urine into drinkable water and fertilizer using solar energy, a
technique which could be applied in rural areas and developing
countries.
Read more
Belgian university say they have created a machine that turns
urine into drinkable water and fertilizer using solar energy, a
technique which could be applied in rural areas and developing
countries.
Read more
Poland says lines up third investor as coal miner KHW needs more funds
KATOWICE, Poland, July 26 (Reuters) - Poland has lined up a
third investor for one of its troubled state-run coal mining
groups, KHW, to limit the amount of money Weglokoks and Enea
need to invest, the country's deputy energy minister
said on Tuesday.
Read more
third investor for one of its troubled state-run coal mining
groups, KHW, to limit the amount of money Weglokoks and Enea
need to invest, the country's deputy energy minister
said on Tuesday.
Read more
UPDATE 1-Miner Freeport-McMoRan's revenue misses estimates
July 26 (Reuters) - U.S. miner and oil producer
Freeport-McMoRan Inc's quarterly revenue fell far short
of Wall Street estimates, mainly due to lower copper prices.
Read more
Freeport-McMoRan Inc's quarterly revenue fell far short
of Wall Street estimates, mainly due to lower copper prices.
Read more
Yemen's ancient art of brickmaking endures war
SANAA, July 26 (Reuters) - Traditional mud brick tower
houses have always been a source of pride to Yemenis, and over a
year into a devastating civil war, they are also providing some
much-needed jobs in the ancient capital Sanaa.
Read more
houses have always been a source of pride to Yemenis, and over a
year into a devastating civil war, they are also providing some
much-needed jobs in the ancient capital Sanaa.
Read more
Miner Freeport-McMoRan reports smaller quarterly loss
July 26 (Reuters) - Diversified U.S. miner and oil producer
Freeport-McMoRan Inc reported a smaller quarterly loss
as aggressive cost cutting helped counter a near 20 percent drop
in copper prices.
Read more
Freeport-McMoRan Inc reported a smaller quarterly loss
as aggressive cost cutting helped counter a near 20 percent drop
in copper prices.
Read more
UPDATE 2-Chinese miners call for anti-dumping probe into iron ore imports
SHANGHAI, July 26 (Reuters) - Chinese iron ore miners have
called for an anti-dumping investigation into imports of the
steelmaking raw material from top suppliers Australia and
Brazil.
Read more
called for an anti-dumping investigation into imports of the
steelmaking raw material from top suppliers Australia and
Brazil.
Read more
DuPont profit rises 8.5 percent as costs fall
July 26(Reuters) - Chemicals and seeds producer DuPont
reported an 8.5 percent rise in quarterly profit, helped
by lower costs.
Read more
reported an 8.5 percent rise in quarterly profit, helped
by lower costs.
Read more
UPDATE 1-DuPont profit beats as lower costs boost margins
July 26(Reuters) - DuPont reported a
higher-than-expected rise in quarterly profit as lower costs
boosted margins, and the chemicals and seeds producer said it
expected a 50 percent jump in operating earnings per share in
the current quarter.
Read more
higher-than-expected rise in quarterly profit as lower costs
boosted margins, and the chemicals and seeds producer said it
expected a 50 percent jump in operating earnings per share in
the current quarter.
Read more
Gold market surplus shrinks as fund inflows offset weak Asian buying -GFMS
* Gold ETF inflows hit highest half-year on record in H1
* GFMS lifts 2016 gold price forecast to $1,279/oz
* Physical gold demand slides to 7-year low in Q2
By Jan Harvey
LONDON, July 26 (Reuters) - A surge in Western gold
investment helped offset sliding Asian demand in the second
quarter, GFMS analysts at Thomson Reuters said on Tuesday, as
they hiked their gold price forecast for the year in response to
jitters over the economic outlook.
In the Q2 update of its Gold Sur
Read more
* GFMS lifts 2016 gold price forecast to $1,279/oz
* Physical gold demand slides to 7-year low in Q2
By Jan Harvey
LONDON, July 26 (Reuters) - A surge in Western gold
investment helped offset sliding Asian demand in the second
quarter, GFMS analysts at Thomson Reuters said on Tuesday, as
they hiked their gold price forecast for the year in response to
jitters over the economic outlook.
In the Q2 update of its Gold Sur
Read more
China's Hebei to cut more than 31 mln T of iron, steel capacity in 2016
BEIJING, July 26 (Reuters) - China's top steelmaking
province Hebei plans to cut more than 31 million tonnes of
combined iron and steel production capacity in 2016, the
official Xinhua news agency reported on Tuesday.
Read more
province Hebei plans to cut more than 31 million tonnes of
combined iron and steel production capacity in 2016, the
official Xinhua news agency reported on Tuesday.
Read more
UK's Drax sees 2016 earnings at lower end of forecast range
LONDON, July 26 (Reuters) - British power producer Drax
said its full-year earnings for 2016 would likely be at
the lower end of analysts' forecasts, after posting a 42 percent
drop for the first half of the year.
Read more
said its full-year earnings for 2016 would likely be at
the lower end of analysts' forecasts, after posting a 42 percent
drop for the first half of the year.
Read more
DEAKTALK-An arranged marriage in China's steel industry troubled from the start
SHANGHAI, July 26 (Reuters) - It may be the Chinese
government's idea of creative destruction.
Read more
government's idea of creative destruction.
Read more
Monday, July 25, 2016
Australia shares track commodities lower, NZ stocks flat
SYDNEY/WELLINGTON, July 26 (Reuters) - Australian shares
tracked commodity prices and global markets lower on Tuesday,
while New Zealand shares barely moved.
Read more
tracked commodity prices and global markets lower on Tuesday,
while New Zealand shares barely moved.
Read more
Caterpillar posts lower retail machinery sales ahead of 2nd-qtr results
July 25 (Reuters) - Caterpillar Inc said on Monday
its global retail machinery sales declined 12 percent for the
three months ended June 30 as demand for heavy machinery
remained sluggish in all of the company's core markets amid a
slowdown in construction and mining activity.
Read more
its global retail machinery sales declined 12 percent for the
three months ended June 30 as demand for heavy machinery
remained sluggish in all of the company's core markets amid a
slowdown in construction and mining activity.
Read more
German firm to start metal trading platform for spot deliveries
HAMBURG, July 25 (Reuters) - Newly-established German
company Metalprodex GmbH said on Monday it planned to start a
trading platform for the buying and selling of base metals for
immediate physical delivery.
Read more
company Metalprodex GmbH said on Monday it planned to start a
trading platform for the buying and selling of base metals for
immediate physical delivery.
Read more
COLUMN-The three bull standouts in China's first-half metals trade: Andy Home
LONDON, July 25 (Reuters) - China's imports of base metals
were once the bullish drumbeat to which the global market
marched.
Read more
were once the bullish drumbeat to which the global market
marched.
Read more
UPDATE 2-Fibria falls as pulp price outlook disappoints investors
SAO PAULO, July 25 (Reuters) - Fibria SA, the
world's largest producer of eucalyptus pulp, does not expect
global pulp prices to rise sharply in the short term despite a
clear recovery in Chinese demand for the commodity, executives
said on Monday.
Read more
world's largest producer of eucalyptus pulp, does not expect
global pulp prices to rise sharply in the short term despite a
clear recovery in Chinese demand for the commodity, executives
said on Monday.
Read more
Pakistan shares end lower; rupee flat, o/n rates fall
KARACHI, July 25 (Reuters) - Pakistan stocks extended losses
for a second session on Monday on profit-taking in oil stocks
after a drop in global crude prices, dealers said.
Read more
for a second session on Monday on profit-taking in oil stocks
after a drop in global crude prices, dealers said.
Read more
Mongolian president clashes with new prime minister over cabinet posts
ULAANBAATAR, July 25 (Reuters) - Mongolian President Tsakhia
Elbegdorj is already at loggerheads with the new prime minister
over cabinet appointments, raising the spectre of further
instability as the economy slows and foreign investment
declines.
Read more
Elbegdorj is already at loggerheads with the new prime minister
over cabinet appointments, raising the spectre of further
instability as the economy slows and foreign investment
declines.
Read more
Thai SCCC to buy Sri Lanka cement firm from LafargeHolcim unit for $374 mln
BANGKOK, July 25 (Reuters) - Siam City Cement Pcl (SCCC)
, Thailand's second-largest cement maker, said on
Monday it has signed a deal to buy a Sri Lankan cement company
from Holderfin B.V., a unit of LafargeHolcim, for 13.1
billion baht ($374 million).
Read more
, Thailand's second-largest cement maker, said on
Monday it has signed a deal to buy a Sri Lankan cement company
from Holderfin B.V., a unit of LafargeHolcim, for 13.1
billion baht ($374 million).
Read more
Sunday, July 24, 2016
RPT-COLUMN-New faces in LME warehousing but old hands still dominate: Andy Home
LONDON, July 22 (Reuters) - The number of London Metal
Exchange (LME) physical storage units continues to decline in
tandem with falling registered stocks.
Read more
Exchange (LME) physical storage units continues to decline in
tandem with falling registered stocks.
Read more
RPT-China to levy anti-dumping duties on EU, Japanese, S.Korean electric steel products: Xinhua
BEIJING July 24 (Reuters) - China, accused of flooding world
markets with cheap steel, has started levying anti-dumping
duties as high as 46.3 percent on electric steel products
imported from Japan, South Korea and the European Union,
according to China's official Xinhua news agency said on Sunday.
Read more
markets with cheap steel, has started levying anti-dumping
duties as high as 46.3 percent on electric steel products
imported from Japan, South Korea and the European Union,
according to China's official Xinhua news agency said on Sunday.
Read more
UPDATE 1-Deal on cutting greenhouse gases in sight for this year - Vienna delegates
VIENNA, July 24 (Reuters) - A global agreement on cutting
the use of hydrofluorocarbons (HFCs) - potent greenhouse gases
used in aerosols, refrigerants and air conditioning - seems
within grasp, delegates said on Sunday after ten days of talks
on climate change in Vienna.
Read more
the use of hydrofluorocarbons (HFCs) - potent greenhouse gases
used in aerosols, refrigerants and air conditioning - seems
within grasp, delegates said on Sunday after ten days of talks
on climate change in Vienna.
Read more
UPDATE 1-Randgold lowers Ivory Coast output forecast on power cuts
ABIDJAN, July 24 (Reuters) - Randgold Resources'
Tongon mine in Ivory Coast will have a slightly lower gold
output this year than previously expected mainly owing to an
erratic power supply, Chief Executive Mark Bristow told
reporters late on Saturday.
Read more
Tongon mine in Ivory Coast will have a slightly lower gold
output this year than previously expected mainly owing to an
erratic power supply, Chief Executive Mark Bristow told
reporters late on Saturday.
Read more
Ex-Wall Street banker accused of insider tips to father faces trial
NEW YORK, July 24 (Reuters) - Federal prosecutors in
Manhattan are set to face off with a former Wall Street
investment banker in their first insider trading trial since a
U.S. appeals court curtailed their ability to pursue such cases.
Read more
Manhattan are set to face off with a former Wall Street
investment banker in their first insider trading trial since a
U.S. appeals court curtailed their ability to pursue such cases.
Read more
Deal on cutting HFC greenhouse gases in sight for 2016 - Vienna delegates
VIENNA, July 24 (Reuters) - A global agreement on cutting
the use of hydrofluorocarbons (HFCs) - potent greenhouse gases
used in aerosols, refrigerants and air conditioning - seems
within grasp, delegates said after ten days of talks on climate
change in Vienna on Sunday.
Read more
the use of hydrofluorocarbons (HFCs) - potent greenhouse gases
used in aerosols, refrigerants and air conditioning - seems
within grasp, delegates said after ten days of talks on climate
change in Vienna on Sunday.
Read more
G20 officials vow to tackle steel, industrial overcapacity
CHENGDU, China July 23 (Reuters) - The world's top economies
will work to tackle excess production capacity in steel and some
other industries, including government subsidies that have
distorted markets, G20 finance officials said on Saturday.
Read more
will work to tackle excess production capacity in steel and some
other industries, including government subsidies that have
distorted markets, G20 finance officials said on Saturday.
Read more
Saturday, July 23, 2016
Polish chemicals firm Police says impairment hit H1 results
WARSAW, July 23 (Reuters) - Polish chemicals company ZCh
Police said late on Friday that impairment of 10.5
million euros related to its Senegal business hit the group's
financial results in the first half of this year.
Read more
Police said late on Friday that impairment of 10.5
million euros related to its Senegal business hit the group's
financial results in the first half of this year.
Read more
China sets up coal asset management firm to push overcapacity cut
SHANGHAI, July 23 (Reuters) - China has set up a coal asset
management firm as part of its effort to reduce excess capacity
in the sector, China's state-owned assets regulator said.
Read more
management firm as part of its effort to reduce excess capacity
in the sector, China's state-owned assets regulator said.
Read more
Friday, July 22, 2016
Strike ends at Anglo's El Soldado copper mine in Chile
SANTIAGO, July 22 (Reuters) - Workers at Anglo American's
small El Soldado copper mine in Chile called off a
strike on Friday after reaching an agreement with the company, a
union official told Reuters.
Read more
small El Soldado copper mine in Chile called off a
strike on Friday after reaching an agreement with the company, a
union official told Reuters.
Read more
U.N. authorizes states to help Libya dispose of chemicals
UNITED NATIONS, July 22 (Reuters) - The United Nations
Security Council on Friday authorized U.N. countries to help
eliminate Libya's stockpile of chemicals that could be used to
develop toxic weapons amid concern they could fall into the
hands of militant groups.
Read more
Security Council on Friday authorized U.N. countries to help
eliminate Libya's stockpile of chemicals that could be used to
develop toxic weapons amid concern they could fall into the
hands of militant groups.
Read more
Powered by Google, UN flexes tech muscle to fight climate change
ROME, July 22 (Thomson Reuters Foundation) - New
Google-powered software will help the world tackle problems
related to climate change, deforestation and food production, a
United Nations agency said on Friday, as it presented its
revamped online platform.
Read more
Google-powered software will help the world tackle problems
related to climate change, deforestation and food production, a
United Nations agency said on Friday, as it presented its
revamped online platform.
Read more
COLUMN-New faces in LME warehousing but old hands still dominate: Andy Home
LONDON, July 22 (Reuters) - The number of London Metal
Exchange (LME) physical storage units continues to decline in
tandem with falling registered stocks.
Read more
Exchange (LME) physical storage units continues to decline in
tandem with falling registered stocks.
Read more
UPDATE 1-EU approves Monsanto, Bayer genetically modified soybeans
BRUSSELS, July 22 (Reuters) - The European Commission on
Friday approved imports of two types of Monsanto's
genetically modified soybeans and one sold by Germany's Bayer
CropScience for use as a food or animal feed.
Read more
Friday approved imports of two types of Monsanto's
genetically modified soybeans and one sold by Germany's Bayer
CropScience for use as a food or animal feed.
Read more
Pakistan shares close down; rupee stronger, o/n rates fall
KARACHI, July 22 (Reuters) - Pakistan stocks fell on
profit-taking on Friday, ahead of the results season, after
having hit an all-time high in the previous session, dealers
said.
Read more
profit-taking on Friday, ahead of the results season, after
having hit an all-time high in the previous session, dealers
said.
Read more
China seeks top-10 automation ranking by 2020 - robot industry group
FRANKFURT, July 22 (Reuters) - China is aiming for a top-10
ranking in automation for its industries by 2020 by putting more
robots in its factories, the International Federation of
Robotics (IFR) said.
Read more
ranking in automation for its industries by 2020 by putting more
robots in its factories, the International Federation of
Robotics (IFR) said.
Read more
UPDATE 2-Syngenta sees ChemChina deal done this year, first-half profit disappoints
* Stock offers about 20 pct upside to investors betting on
deal
(Adds CFO quote, stock upside, analyst)
Read more
deal
(Adds CFO quote, stock upside, analyst)
Read more
WTO head says China accession deal must be fully applied in market status debate
BEIJING, July 22 (Reuters) - China's World Trade
Organization accession deal must be fully applied, the head of
the trade governing body said on Friday, after the European
Commission said it would adopt a new method to assess whether
China's exports are priced unfairly low.
Read more
Organization accession deal must be fully applied, the head of
the trade governing body said on Friday, after the European
Commission said it would adopt a new method to assess whether
China's exports are priced unfairly low.
Read more
European shares slip as miners weaken and Skanska skids
LONDON, July 22 (Reuters) - European stock markets fell on
Friday, weighed down by a drop in the shares of mining companies
and a fall at Swedish construction company Skanska.
Read more
Friday, weighed down by a drop in the shares of mining companies
and a fall at Swedish construction company Skanska.
Read more
U.S. FDA raises concerns over Valeant's eye drop
July 22(Reuters) - Valeant Pharmaceuticals International
said on Friday U.S. regulators have raised
concerns over a new eye drop manufactured at a Bausch + Lomb
facility in Florida.
Read more
said on Friday U.S. regulators have raised
concerns over a new eye drop manufactured at a Bausch + Lomb
facility in Florida.
Read more
Acacia Mining sees FY output at or above top end of guidance
July 22 (Reuters) - Gold miner Acacia Mining Plc
said it expected to deliver at or above the top end of its
full-year production guidance, as its mines performed ahead of
expectations.
Read more
said it expected to deliver at or above the top end of its
full-year production guidance, as its mines performed ahead of
expectations.
Read more
Thursday, July 21, 2016
China's Li says pressure to cut capacity comes from within China, not outside
BEIJING, July 22 (Reuters) - Pressure for China to cut
overcapacity comes from within the country, not outside, Premier
Li Keqiang said on Friday.
Read more
overcapacity comes from within the country, not outside, Premier
Li Keqiang said on Friday.
Read more
UPDATE 1-China Resources, Macquarie team up to buy control of Australia healthcare firm GenesisCare
* Deal to pave way for GenesisCare to expand into China
(Recasts throughout, adds source on pricing)
Read more
(Recasts throughout, adds source on pricing)
Read more
UPDATE 2-Mexico's Vitro to buy PPG's flat glass unit for $750 mln
MONTERREY, July 21 (Reuters) - Mexican glass manufacturer
Vitro said on Thursday it had agreed to purchase the
flat glass unit of U.S. company PPG for around $750
million, giving it a foothold in U.S. and Canadian markets.
Read more
Vitro said on Thursday it had agreed to purchase the
flat glass unit of U.S. company PPG for around $750
million, giving it a foothold in U.S. and Canadian markets.
Read more
Odebrecht Peru deal hits snag as banks fret over $4.1 bln loan -sources
SAO PAULO/LIMA, July 21 (Reuters) - Lenders could accelerate
the disbursement of a $4.125 billion loan to Peruvian gas
pipeline operator Gasoducto Sur Peruano GSP SA if Brazilian
engineering group Odebrecht SA fully exits the project
overseeing the construction of the pipelines, three people
familiar with the matter said on Thursday.
Read more
the disbursement of a $4.125 billion loan to Peruvian gas
pipeline operator Gasoducto Sur Peruano GSP SA if Brazilian
engineering group Odebrecht SA fully exits the project
overseeing the construction of the pipelines, three people
familiar with the matter said on Thursday.
Read more
Brazil banks slump, blog says Odebrecht mulls bankruptcy protection, company denies
SAO PAULO, July 21 (Reuters) - Shares in Brazil's largest
listed commercial lenders posted their biggest drop in a month
on Thursday on a financial blog report that Odebrecht SA could
be considering filing for bankruptcy protection, which the
company denied.
Read more
listed commercial lenders posted their biggest drop in a month
on Thursday on a financial blog report that Odebrecht SA could
be considering filing for bankruptcy protection, which the
company denied.
Read more
Ditch metal and plastic and turn to wood to save the planet, says U.N.
ROME, July 21 (Thomson Reuters Foundation) - For design
enthusiasts worried about forests being axed for furniture, this
may come as a bit of a surprise: buying a table made of wood
instead of metal or plastic could significantly help cut carbon
emissions, according to a U.N. agency.
Read more
enthusiasts worried about forests being axed for furniture, this
may come as a bit of a surprise: buying a table made of wood
instead of metal or plastic could significantly help cut carbon
emissions, according to a U.N. agency.
Read more
Johnson Controls' building efficiency segment growth driven by North America, Asia
July 21 (Reuters) - Johnson Controls Inc's building
efficiency segment growth was driven by growth in both North
America and Asia, CEO Alex Molinaroli said on Thursday during a
conference call with analysts following its third quarter
earnings.
Read more
efficiency segment growth was driven by growth in both North
America and Asia, CEO Alex Molinaroli said on Thursday during a
conference call with analysts following its third quarter
earnings.
Read more
Ag-tech startup Indigo raises $100 mln new funding round
SAN FRANCISCO, July 21 (Reuters) - Agriculture technology
startup Indigo has raised $100 million in a new round of
funding, bringing its total financing to more than $150 million,
a sign of growing investor interest in new ways to ease food
scarcity.
Read more
startup Indigo has raised $100 million in a new round of
funding, bringing its total financing to more than $150 million,
a sign of growing investor interest in new ways to ease food
scarcity.
Read more
Pakistan shares hit record closing high; rupee weaker, o/n rates fall
KARACHI, July 21 (Reuters) - Pakistan stocks snapped two
sessions of losses to close at a record high on Thursday, on
continued foreign investor inflow, and gains led by cement and
auto sector stocks, dealers said.
Read more
sessions of losses to close at a record high on Thursday, on
continued foreign investor inflow, and gains led by cement and
auto sector stocks, dealers said.
Read more
UPDATE 1-Johnson Controls posts lower net, will accelerate Tyco buy
July 21 (Reuters) - Johnson Controls Inc, a
multi-industry U.S. manufacturer, reported lower quarterly net
income on Thursday as an unfavorable foreign exchange rate
dragged on sales.
Read more
multi-industry U.S. manufacturer, reported lower quarterly net
income on Thursday as an unfavorable foreign exchange rate
dragged on sales.
Read more
McLaren Automotive sees Brexit vote benefit from weaker pound
LONDON, July 21 (Reuters) - McLaren Automotive, a small
luxury sports carmaker which exports over 90 percent of its
high-end models, said the fall in the value of sterling since
Britons voted to leave the EU was benefiting the firm
financially.
Read more
luxury sports carmaker which exports over 90 percent of its
high-end models, said the fall in the value of sterling since
Britons voted to leave the EU was benefiting the firm
financially.
Read more
Singapore, Hong Kong take steps to remove conflict of interest
HONG KONG, July 21(Reuters) - Hong Kong and Singapore are
taking steps to curb the regulatory powers of their local
bourses to remove a perceived conflict of interest and improve
the quality of listed companies.
Read more
taking steps to curb the regulatory powers of their local
bourses to remove a perceived conflict of interest and improve
the quality of listed companies.
Read more
COLUMN-Not all coal rallies are equal as quality grades shine: Russell
LAUNCESTON, Australia, July 21 (Reuters) - Not all coal
rallies are created equal, with fairly stark differences
emerging in the gains this year for various grades of the fuel,
suggesting buyers are becoming more selective.
Read more
rallies are created equal, with fairly stark differences
emerging in the gains this year for various grades of the fuel,
suggesting buyers are becoming more selective.
Read more
European shares steadied by Unilever but airline stocks slump
LONDON, July 21 (Reuters) - European shares were steady on
Thursday, propped up by gains at consumer goods group Unilever
and aluminum producer Norsk Hydro, although
airline stocks slumped.
Read more
Thursday, propped up by gains at consumer goods group Unilever
and aluminum producer Norsk Hydro, although
airline stocks slumped.
Read more
Wednesday, July 20, 2016
RPT-COLUMN-Zinc starts to bubble as investors pile in (again): Andy Home
LONDON, July 20 (Reuters) - Zinc is this year's investment
pick of the base metals traded on the London Metal Exchange
(LME).
Read more
pick of the base metals traded on the London Metal Exchange
(LME).
Read more
Casualty of Australia's iron ore war seeks second chance in lithium
SYDNEY, July 20 (Reuters) - Ken Brinsden rode Australia's
iron ore boom up and then down as head of Atlas Iron.
Now he is chasing a new treasure, one fuelled by a metal
powerful enough to propel electric cars to speeds of 250 km (150
miles) per hour: lithium
Read more
iron ore boom up and then down as head of Atlas Iron.
Now he is chasing a new treasure, one fuelled by a metal
powerful enough to propel electric cars to speeds of 250 km (150
miles) per hour: lithium
Read more
UPDATE 1-Wal-Mart names eight chemicals to be removed from products
July 20 (Reuters) - Wal-Mart Stores Inc said on
Wednesday it was pushing suppliers to remove or restrict the use
of eight hazardous chemicals from products including household
cleaning, personal care and beauty items.
Read more
Wednesday it was pushing suppliers to remove or restrict the use
of eight hazardous chemicals from products including household
cleaning, personal care and beauty items.
Read more
UPDATE 1-Gold miner Newmont's income beats market, lowers costs
July 20 (Reuters) - Newmont Mining Corp reported
higher second-quarter adjusted net income on Wednesday, blowing
past analysts' expectations, on the back of higher gold
production and lower costs.
Read more
higher second-quarter adjusted net income on Wednesday, blowing
past analysts' expectations, on the back of higher gold
production and lower costs.
Read more
Armed men steal gold and silver from Agnico Eagle's mine in Mexico
MEXICO CITY, July 20 (Reuters) - Canadian mining company
Agnico Eagle said on Wednesday that a group of armed
men stormed one of its mines in northern Mexico early on Tuesday
morning, injuring a security guard and making off with a haul of
silver and gold.
Read more
Agnico Eagle said on Wednesday that a group of armed
men stormed one of its mines in northern Mexico early on Tuesday
morning, injuring a security guard and making off with a haul of
silver and gold.
Read more
Wal-Mart identifies eight chemicals to be removed from products
July 20 (Reuters) - Wal-Mart Stores Inc said on
Wednesday it was pushing suppliers to remove eight hazardous
chemicals from products including household cleaning, personal
care and beauty items.
Read more
Wednesday it was pushing suppliers to remove eight hazardous
chemicals from products including household cleaning, personal
care and beauty items.
Read more
EU wants more details from Germany before deciding on Russian gas pipeline deal
BRUSSELS, July 20 (Reuters) - The European Commission, which
is due to rule on Russia's plans to pump more gas to Germany via
a land link from its Nord Stream pipeline, says it needs more
details from German regulators before making a decision.
Read more
is due to rule on Russia's plans to pump more gas to Germany via
a land link from its Nord Stream pipeline, says it needs more
details from German regulators before making a decision.
Read more
Britain's FTSE climbs to 11-month closing high as insurers rise
LONDON, July 20 (Reuters) - Britain's top shares index
climbed to its highest closing level in 11 months on Wednesday,
boosted by a rise in insurance stocks, although a slump in Anglo
American pushed down the mining sector.
Read more
climbed to its highest closing level in 11 months on Wednesday,
boosted by a rise in insurance stocks, although a slump in Anglo
American pushed down the mining sector.
Read more
European shares get tech boost as SAP and ASML surge on results
LONDON, July 20 (Reuters) - European shares advanced on
Wednesday, with the technology sector leading the market higher
after SAP and ASML reported forecast-beating
quarterly results.
Read more
Wednesday, with the technology sector leading the market higher
after SAP and ASML reported forecast-beating
quarterly results.
Read more
CANADA STOCKS-TSX rises to 11-month high, led by financials
TORONTO, July 20 (Reuters) - Canada's main stock index set
an 11-month high on Wednesday as oil prices turned higher and
financial and energy shares advanced, offsetting losses for gold
stocks as the precious metal fell.
Read more
an 11-month high on Wednesday as oil prices turned higher and
financial and energy shares advanced, offsetting losses for gold
stocks as the precious metal fell.
Read more
Global extraction of primary materials to triple by 2050 -UNEP
LONDON, July 20 (Reuters) - The amount of primary materials
extracted from the earth will almost triple by the middle of
this century if action is not taken, as emerging economies
develop and consume more, a U.N.-backed report said on
Wednesday.
Read more
extracted from the earth will almost triple by the middle of
this century if action is not taken, as emerging economies
develop and consume more, a U.N.-backed report said on
Wednesday.
Read more
As exports struggle, Israel's economy faces slower growth
JERUSALEM, July 20 (Reuters) - For decades, Israel's high
growth was driven by exports of oranges, diamonds,
pharmaceuticals and software, but the picture is changing due to
weak global demand and a strong shekel.
Read more
growth was driven by exports of oranges, diamonds,
pharmaceuticals and software, but the picture is changing due to
weak global demand and a strong shekel.
Read more
UPDATE 2-Unilever sharpens P&G rivalry by buying Dollar Shave Club
* Edgwell now a less attractive an M&A target for others
(Adds analyst comments, background, bullet points, byline)
Read more
(Adds analyst comments, background, bullet points, byline)
Read more
UPDATE 1-HKEX to put planned LME-HK clearing link on hold due to Brexit -CEO
HONG KONG/LONDON, July 20 (Reuters) - Hong Kong Exchanges &
Clearing (HKEX) will put on hold a planned commodities clearing
link with its London Metal Exchange (LME) subsidiary due to
uncertainty created by Britain's vote last month to leave the
European Union, the bourse's CEO said.
Read more
Clearing (HKEX) will put on hold a planned commodities clearing
link with its London Metal Exchange (LME) subsidiary due to
uncertainty created by Britain's vote last month to leave the
European Union, the bourse's CEO said.
Read more
Pakistan shares end lower; rupee stronger, o/n rates rise
KARACHI, July 20 (Reuters) - Pakistan stocks ended lower for
a second session on Wednesday, led by oil and gas stocks on
falls in oil prices overnight and in early Asian trade, and as
investors turned cautious ahead of the release of corporate
earnings, dealers said.
Read more
a second session on Wednesday, led by oil and gas stocks on
falls in oil prices overnight and in early Asian trade, and as
investors turned cautious ahead of the release of corporate
earnings, dealers said.
Read more
Gold is not all that glisters - diamonds act as hedge for the rich
GENEVA/LONDON, July 20 (Reuters) - In a packed Christie's
auction room in Geneva, one could hear a pin drop as two
anonymous bidders slugged it out in their quest to own the
world's most exquisite blue diamond.
Read more
auction room in Geneva, one could hear a pin drop as two
anonymous bidders slugged it out in their quest to own the
world's most exquisite blue diamond.
Read more
Britain's FTSE rallies though miners lag
LONDON, July 20 (Reuters) - UK shares advanced on Wednesday,
supported by recent currency weakness and gains in healthcare
stocks, though miners fell after updates from Anglo American
and BHP Billiton.
Read more
supported by recent currency weakness and gains in healthcare
stocks, though miners fell after updates from Anglo American
and BHP Billiton.
Read more
European shares get tech boost as SAP and ASML surge on results
LONDON, July 20 (Reuters) - European shares advanced on
Wednesday, with the technology sector leading the market higher
after SAP and ASML Holding reported
forecast-beating quarterly results.
Read more
Wednesday, with the technology sector leading the market higher
after SAP and ASML Holding reported
forecast-beating quarterly results.
Read more
Miner Fresnillo hikes full-year gold production guidance
July 20 (Reuters) - Precious metals miner Fresnillo Plc
increased its forecast for full-year production of
gold, and reiterated its guidance for silver.
Read more
increased its forecast for full-year production of
gold, and reiterated its guidance for silver.
Read more
Tuesday, July 19, 2016
Vienna climate meeting aims for progress on deal to cut HFC use
WASHINGTON, July 19 (Reuters) - Diplomats meeting in Vienna
this week hope to take a major step toward a deal under the
Montreal Protocol to decrease the use of a potent greenhouse
gas, in what could be the most significant measure to combat
global warming since last year's Paris climate agreement.
Read more
this week hope to take a major step toward a deal under the
Montreal Protocol to decrease the use of a potent greenhouse
gas, in what could be the most significant measure to combat
global warming since last year's Paris climate agreement.
Read more
BHP misses full-yr iron ore guidance by 3 mln/t
SYDNEY, July 20 (Reuters) - BHP Billiton
said on Wednesday it fell three million tonnes short of its iron
ore production guidance for fiscal 2016 due to its Samarco
disaster in Brazil.
Read more
said on Wednesday it fell three million tonnes short of its iron
ore production guidance for fiscal 2016 due to its Samarco
disaster in Brazil.
Read more
Rebels in eastern Congo suspected of killing seven civilians
KINSHASA, July 19 (Reuters) - Rebels from the Hutu ethnic
group in eastern Congo are suspected of killing at least seven
civilians in revenge for the killing of one of their number,
local activists said on Tuesday.
Read more
group in eastern Congo are suspected of killing at least seven
civilians in revenge for the killing of one of their number,
local activists said on Tuesday.
Read more
U.S. expands its WTO challenge to China export limits to chromium, other metals
WASHINGTON, July 19 (Reuters) - The United States has
expanded its challenge at the World Trade Organization to
China's export restraints on raw materials to include export
duties on chromium, as well as its export quotas on antimony,
indium, magnesia, talc and tin, the U.S. Trade Representative
said on Tuesday.
Read more
expanded its challenge at the World Trade Organization to
China's export restraints on raw materials to include export
duties on chromium, as well as its export quotas on antimony,
indium, magnesia, talc and tin, the U.S. Trade Representative
said on Tuesday.
Read more
Rotterdam offers burial at sea for greenhouse gases
ROTTERDAM, Netherlands/GHENT, Belgium, July 19 (Reuters) - A
scheme to collect millions of tonnes of greenhouse gases and
bury them under the North Sea off the coast of Rotterdam is
Europe's best hope of showing it can make carbon capture and
storage (CCS) technology work.
Read more
scheme to collect millions of tonnes of greenhouse gases and
bury them under the North Sea off the coast of Rotterdam is
Europe's best hope of showing it can make carbon capture and
storage (CCS) technology work.
Read more
UPDATE 1-Monsanto rejects Bayer's sweetened offer, open to talks
July 19 (Reuters) - U.S. seed company Monsanto Co
rejected a sweetened $125-per-share offer from Bayer AG
, but said it was open to continue talks with the
German chemicals group as well as other parties.
Read more
rejected a sweetened $125-per-share offer from Bayer AG
, but said it was open to continue talks with the
German chemicals group as well as other parties.
Read more
UPDATE 1-Elevator maker Kone raises profit forecast despite weak China
HELSINKI, July 19 (Reuters) - Finnish elevator maker Kone
Oyj lifted its full-year earnings forecast and
reported a better than expected quarterly profit as growth in
other regions offset a decline in the industry's biggest market,
China.
Read more
Oyj lifted its full-year earnings forecast and
reported a better than expected quarterly profit as growth in
other regions offset a decline in the industry's biggest market,
China.
Read more
UPDATE 1-China rejects EU trade complaint over raw material export measures
BEIJING, July 19 (Reuters) - China rejected on Tuesday a
European Union challenge to export tariffs and quotas on 11
metals and minerals at the World Trade Organization (WTO),
arguing the measures are in line with WTO rules.
Read more
European Union challenge to export tariffs and quotas on 11
metals and minerals at the World Trade Organization (WTO),
arguing the measures are in line with WTO rules.
Read more
UPDATE 1-John Menzies bows to investor demands for new chairman
LONDON, July 19 (Reuters) - UK airport services and
logistics group John Menzies has appointed Irish paper
and packaging industry tycoon Dermot Smurfit as its new
chairman, answering a key demand from new activist investor
Shareholder Value Management (SVM).
Read more
logistics group John Menzies has appointed Irish paper
and packaging industry tycoon Dermot Smurfit as its new
chairman, answering a key demand from new activist investor
Shareholder Value Management (SVM).
Read more
China "regrets" EU request for WTO talks over Chinese raw material export measures
BEIJING, July 19 (Reuters) - China's Commerce Ministry said
on Tuesday it "regrets" the European Union's request for talks
at the World Trade Organization over Beijing's export tariffs
and quotas on 11 key metals and minerals.
Read more
on Tuesday it "regrets" the European Union's request for talks
at the World Trade Organization over Beijing's export tariffs
and quotas on 11 key metals and minerals.
Read more
China steelmaker defaults on another bond amid investor complaints
SHANGHAI, July 19 (Reuters) - Dongbei Special Steel Group Co
Ltd, an unlisted Chinese steelmaker whose first debt default
helped spark a bond market sell-off in April, said on Tuesday it
was unable to make payment on another bond.
Read more
Ltd, an unlisted Chinese steelmaker whose first debt default
helped spark a bond market sell-off in April, said on Tuesday it
was unable to make payment on another bond.
Read more
UPDATE 1-AkzoNobel beats consensus, but Brexit and forex a worry
AMSTERDAM, July 19 (Reuters) - Dutch chemicals company
AkzoNobel beat analysts' second-quarter earnings
forecast on Tuesday, but warned the currency volatility and
deflationary pressures that overshadowed the results were set to
continue.
Read more
AkzoNobel beat analysts' second-quarter earnings
forecast on Tuesday, but warned the currency volatility and
deflationary pressures that overshadowed the results were set to
continue.
Read more
John Menzies bows to investor demands by appointing new chairman
LONDON, July 19 (Reuters) - Britain's John Menzies
said on Tuesday it had appointed paper industry executive Dermot
F Smurfit as independent chairman, answering a key demand from
new activist investor Shareholder Value Management (SVM).
Read more
said on Tuesday it had appointed paper industry executive Dermot
F Smurfit as independent chairman, answering a key demand from
new activist investor Shareholder Value Management (SVM).
Read more
CORRECTED-AkzoNobel beats Q2 consensus despite currency headwinds
AMSTERDAM, July 19 (Reuters) - Dutch paint and chemicals
maker AkzoNobel on Tuesday posted core earnings that
were slightly ahead of consensus forecasts for the second
quarter, despite strong currency headwinds and deflationary
pressures.
Read more
maker AkzoNobel on Tuesday posted core earnings that
were slightly ahead of consensus forecasts for the second
quarter, despite strong currency headwinds and deflationary
pressures.
Read more
Monday, July 18, 2016
Murray Energy working with investment banks on debt relief -sources
July 18 (Reuters) - Murray Energy Corp, one of
the largest privately held U.S. coal miners, is working with
investment banks to renegotiate terms of its credit agreements
in a bid to stave off bankruptcy, people familiar with the talks
said on Monday.
Read more
the largest privately held U.S. coal miners, is working with
investment banks to renegotiate terms of its credit agreements
in a bid to stave off bankruptcy, people familiar with the talks
said on Monday.
Read more
Corvex builds small stakes in Monsanto, Bayer -sources
July 18 (Reuters) - Corvex Management LP, the activist fund
run by former Carl Icahn protégé Keith Meister, has amassed
small stakes in U.S. seeds company Monsanto Co and its
aspiring acquirer, Germany's Bayer AG, people
familiar with the matter said on Monday.
Read more
run by former Carl Icahn protégé Keith Meister, has amassed
small stakes in U.S. seeds company Monsanto Co and its
aspiring acquirer, Germany's Bayer AG, people
familiar with the matter said on Monday.
Read more
UPDATE 1-World Bank panel rejects lawsuit against Peru over smelter
LIMA, July 18 (Reuters) - A World Bank panel rejected a
lawsuit filed against Peru which charged the nation with failing
to clean up pollution tied to a smelter, the government said on
Monday, but the company bringing the suit pledged to refile it
immediately.
Read more
lawsuit filed against Peru which charged the nation with failing
to clean up pollution tied to a smelter, the government said on
Monday, but the company bringing the suit pledged to refile it
immediately.
Read more
MEDIA LINK-Russian businessman Kerimov wants to buy Rusal stake from Onexim -Ifax
MOSCOW, July 18 (Reuters) - A firm owned by Russian
businessman Said Kerimov has offered to buy Onexim Group's 17.02
percent stake in aluminium giant Rusal, Interfax news
agency reported on Monday, citing a source familiar with the
situation:
Read more
businessman Said Kerimov has offered to buy Onexim Group's 17.02
percent stake in aluminium giant Rusal, Interfax news
agency reported on Monday, citing a source familiar with the
situation:
Read more
Peru says World Bank panel rejects lawsuit over smelter
LIMA, July 18 (Reuters) - A World Bank panel has rejected an
$800 million lawsuit filed against Peru for allegedly failing to
clean up and take legal responsibility for pollution tied to a
smelter in the South American nation, the Peruvian government
said on Monday.
Read more
$800 million lawsuit filed against Peru for allegedly failing to
clean up and take legal responsibility for pollution tied to a
smelter in the South American nation, the Peruvian government
said on Monday.
Read more
Britain's FTSE hits 11-month closing high as ARM soars 41 pct
LONDON, July 18 (Reuters) - Britain's top equity index
touched an 11-month closing high on Monday, boosted by a surge
in shares of ARM Holdings after Japan's SoftBank Group agreed to
buy the chip designer in a $32 billion cash deal.
Read more
touched an 11-month closing high on Monday, boosted by a surge
in shares of ARM Holdings after Japan's SoftBank Group agreed to
buy the chip designer in a $32 billion cash deal.
Read more
Indonesia's Indorama signs $4.5 bln of Algerian phosphate deals
ALGIERS, July 18 (Reuters) - Algeria signed deals with
Indonesia's Indorama Corporation on Monday to develop a
phosphate mine and build two plants to process the crop nutrient
in the North African country at a total expected cost of $4.5
billion.
Read more
Indonesia's Indorama Corporation on Monday to develop a
phosphate mine and build two plants to process the crop nutrient
in the North African country at a total expected cost of $4.5
billion.
Read more
Pakistan shares end higher; rupee steady, o/n rates fall
KARACHI, July 18 (Reuters) - Pakistan stocks recovered from
initial losses to close higher on Monday, buoyed by gains in
refinery stocks, dealers said.
Read more
initial losses to close higher on Monday, buoyed by gains in
refinery stocks, dealers said.
Read more
Britain's FTSE boosted by surge in ARM after SoftBank deal
LONDON, July 18 (Reuters) - UK shares opened higher on
Monday, buoyed by a jump in ARM Holdings' after Japan's
SoftBank Group Corp agreed to buy the British chip
designer.
Read more
Monday, buoyed by a jump in ARM Holdings' after Japan's
SoftBank Group Corp agreed to buy the British chip
designer.
Read more
Sunday, July 17, 2016
COLUMN-Iron ore volatility masks positive shift in fundamentals: Russell
LAUNCESTON, Australia, July 18 (Reuters) - Iron ore's wild
price gyrations this year may be masking a small, but
significant, shift in the underlying fundamentals for the
steel-making ingredient.
Read more
price gyrations this year may be masking a small, but
significant, shift in the underlying fundamentals for the
steel-making ingredient.
Read more
UK PM May says committed to long-term future of Welsh steel industry
LONDON, July 18 (Reuters) - British Prime Minister Theresa
May visits Wales' First Minister Carwyn Jones on Monday and said
she is committed to working with the Welsh government and Tata
Steel to find a solution to the steelmaker's troubles.
Read more
May visits Wales' First Minister Carwyn Jones on Monday and said
she is committed to working with the Welsh government and Tata
Steel to find a solution to the steelmaker's troubles.
Read more
Cemex Philippines rises 4.2 pct in market debut
MANILA, July 18 (Reuters) - Shares of Cemex Holdings
Philippines Inc, a unit of Mexican cement giant Cemex
, opened at 11.20 pesos, above the offer price for
Southeast Asia's second-largest initial public offering this
year.
Read more
Philippines Inc, a unit of Mexican cement giant Cemex
, opened at 11.20 pesos, above the offer price for
Southeast Asia's second-largest initial public offering this
year.
Read more
NZ prime minister plays down possible China trade concerns
WELLINGTON, July 18 (Reuters) - New Zealand Prime Minister
John Key played down fears of a trade spat with China late on
Sunday, saying the Asian giant had given no signs that it had
concerns with New Zealand.
Read more
John Key played down fears of a trade spat with China late on
Sunday, saying the Asian giant had given no signs that it had
concerns with New Zealand.
Read more
UPDATE 1-Israel's Discount Investment to sell stake in crop firm Adama to ChemChina
JERUSALEM, July 17 (Reuters) - Israel's Discount Investment
Corp said on Sunday it had agreed to sell a 40 percent
stake in crop protection maker Adama Agricultural Solutions to
China National Chemical Corp (ChemChina) for $1.4
billion, including debt.
Read more
Corp said on Sunday it had agreed to sell a 40 percent
stake in crop protection maker Adama Agricultural Solutions to
China National Chemical Corp (ChemChina) for $1.4
billion, including debt.
Read more
Israel's Discount Investment to sell stake in crop firm Adama to ChemChina
JERUSALEM, July 17 (Reuters) - Israel's Discount Investment
Corp said on Sunday it had agreed to sell a 40 percent
stake in crop protection products maker Adama Agricultural
Solutions to China National Chemical Corp (ChemChina) for $1.4
billion, including debt.
Read more
Corp said on Sunday it had agreed to sell a 40 percent
stake in crop protection products maker Adama Agricultural
Solutions to China National Chemical Corp (ChemChina) for $1.4
billion, including debt.
Read more
Israel's Adama says makes progress towards Sanonda merger
JERUSALEM, July 17 (Reuters) - Adama Agricultural Solutions
said on Sunday a possible merger with smaller Chinese rival
Sanonda, first announced last year, could be
completed in the first half of 2017.
Read more
said on Sunday a possible merger with smaller Chinese rival
Sanonda, first announced last year, could be
completed in the first half of 2017.
Read more
China's urban air quality improves in first half - ministry
BEIJING, July 17 (Reuters) - Air quality in China's largest
cities continued to improve during the first six months of 2016,
the country's environment ministry said on Sunday.
Read more
cities continued to improve during the first six months of 2016,
the country's environment ministry said on Sunday.
Read more
Philippines says it suspends a nickel miner in Palawan
MANILA, July 17 (Reuters) - The Philippines has suspended a
third nickel mine in less than two weeks and again warned miners
not to violate environmental laws, the cabinet secretary
overseeing mining told a radio station.
Read more
third nickel mine in less than two weeks and again warned miners
not to violate environmental laws, the cabinet secretary
overseeing mining told a radio station.
Read more
Saturday, July 16, 2016
CANADA STOCKS-TSX slips; banks gain amid broad decline
TORONTO, July 15 (Reuters) - Canada's main stock index
slipped on Friday, as a range of miners, energy producers,
telecom and consumer stocks weighed, offsetting gains for its
heavyweight bank stocks.
Read more
slipped on Friday, as a range of miners, energy producers,
telecom and consumer stocks weighed, offsetting gains for its
heavyweight bank stocks.
Read more
UPDATE 2-Economic growth in Peru firmed to potential pace in May
LIMA, July 15 (Reuters) - Peru's annual growth rate
quickened to 4 percent in May for the first time since 2014,
reaching its potential pace thanks to a copper mining surge that
has offset relatively weak domestic demand, the government said
Friday.
Read more
quickened to 4 percent in May for the first time since 2014,
reaching its potential pace thanks to a copper mining surge that
has offset relatively weak domestic demand, the government said
Friday.
Read more
UPDATE 1-Ferro Corp rebuffs bids from Apollo, CVC - sources
July 15 (Reuters) - U.S. specialty chemicals company Ferro
Corp turned down acquisition offers from private equity
firms Apollo Global Management LLC and CVC Capital
Partners Ltd as too low, people familiar with the matter said on
Friday.
Read more
Corp turned down acquisition offers from private equity
firms Apollo Global Management LLC and CVC Capital
Partners Ltd as too low, people familiar with the matter said on
Friday.
Read more
Friday, July 15, 2016
CANADA STOCKS-TSX little changed as banks gain amid broader decline
TORONTO, July 15 (Reuters) - Canada's main stock index was
little changed on Friday as heavyweight bank stocks made some
gains, while most other groups including gold miners, energy
producers and telecom and technology stocks weighed.
Read more
little changed on Friday as heavyweight bank stocks made some
gains, while most other groups including gold miners, energy
producers and telecom and technology stocks weighed.
Read more
Pakistan shares end lower on profit-taking; rupee steady, o/n rates fall
KARACHI, July 15 (Reuters) - Pakistan stocks closed lower on
Friday after gaining for five consecutive sessions, mainly on
profit-taking, dealers said.
Read more
Friday after gaining for five consecutive sessions, mainly on
profit-taking, dealers said.
Read more
COLUMN-U.S. takes aim at (some of) China's metal export duties: Andy Home
LONDON, July 15 (Reuters) - The U.S. government has upped
the ante in what appears to be an undeclared but escalating
trade war with China.
Read more
the ante in what appears to be an undeclared but escalating
trade war with China.
Read more
Frigoglass to shut Chinese plant to cut costs by September
ATHENS, July 15 (Reuters) - Greek refrigerator maker
Frigoglass will shut its Chinese plant by September
under a plan to save costs, the company said on Friday.
Read more
Frigoglass will shut its Chinese plant by September
under a plan to save costs, the company said on Friday.
Read more
UPDATE 2-Global nickel market deficit widens to over 11,000 T in May -INSG
* China refined production drops 15 pct in Jan-May
(Adds detail on China refined production)
Read more
(Adds detail on China refined production)
Read more
Thursday, July 14, 2016
Australia forestry company TFS Corp gets two ratings upgrades
SYDNEY, July 15 (Reuters) - Australia's TFS Corp Ltd
, the world's No. 1 grower of Indian sandalwood trees,
has received its second ratings upgrade in a month, a bright
spot for a sector that has been criticised for being the source
of heavy losses for retail investors.
Read more
, the world's No. 1 grower of Indian sandalwood trees,
has received its second ratings upgrade in a month, a bright
spot for a sector that has been criticised for being the source
of heavy losses for retail investors.
Read more
Japan's aluminium fabricators beef up U.S. output, betting on rising auto use
TOKYO, July 15 (Reuters) - Japanese aluminium products
makers such as UACJ Corp and Kobe Steel are
boosting output capacity in the United States in a bid to snare
market share as automakers turn to the lighter metal to meet
stricter environmental rules.
Read more
makers such as UACJ Corp and Kobe Steel are
boosting output capacity in the United States in a bid to snare
market share as automakers turn to the lighter metal to meet
stricter environmental rules.
Read more
Stormy seas hit Chile copper exports, could buoy prices
MELBOURNE/SANTIAGO July 15 (Reuters) - Choppy seas off the
coast of Chile caused widespread delays to copper shipments from
the world's top producer in the second half of June, potentially
supporting prices in a market grappling with oversupply.
Read more
coast of Chile caused widespread delays to copper shipments from
the world's top producer in the second half of June, potentially
supporting prices in a market grappling with oversupply.
Read more
UK should consider prosecuting VW over emissions scandal - lawmakers
LONDON, July 15 (Reuters) - Britain should consider
prosecuting Volkswagen over the diesel emissions
scandal, a committee of lawmakers said on Friday, accusing the
government of being too slow to decide whether the German
automaker broke the law.
Read more
prosecuting Volkswagen over the diesel emissions
scandal, a committee of lawmakers said on Friday, accusing the
government of being too slow to decide whether the German
automaker broke the law.
Read more
RPT-COLUMN-Rare earth metals pay the price of previous excess: Andy Home
LONDON, July 14 (Reuters) - For every action there is a
reaction and never more so than when it comes to industrial
commodity supply chains.
Read more
reaction and never more so than when it comes to industrial
commodity supply chains.
Read more
Two groups in the running for stake in Colombia's Magdalena project
BOGOTA, July 14 (Reuters) - Two international groups are in
the running to take over much of construction firm Odebrecht's
$851.3 million majority stake in a project to make
Colombia's Magdalena River more navigable and will have between
30 and 60 days to finalize funding proposals, the government
said on Friday.
Read more
the running to take over much of construction firm Odebrecht's
$851.3 million majority stake in a project to make
Colombia's Magdalena River more navigable and will have between
30 and 60 days to finalize funding proposals, the government
said on Friday.
Read more
UPDATE 1-U.S., China clash over market economy status at WTO
GENEVA, July 14 (Reuters) - The United States warned China
on Thursday that it had not done enough to qualify for market
economy status, especially in steel and aluminium, sowing the
seeds for a trade battle between Washington and Beijing at the
end of 2016.
Read more
on Thursday that it had not done enough to qualify for market
economy status, especially in steel and aluminium, sowing the
seeds for a trade battle between Washington and Beijing at the
end of 2016.
Read more
Congo kicks out activists who were investigating logging
KINSHASA, July 14 (Reuters) - The Democratic Republic of
Congo on Thursday expelled two Global Witness activists who were
investigating logging practices in its vast forests, the
government said.
Read more
Congo on Thursday expelled two Global Witness activists who were
investigating logging practices in its vast forests, the
government said.
Read more
UPDATE 2-Bayer sweetens offer for hesitant Monsanto
July 14 (Reuters) - German drug and crop chemical group
Bayer AG on Thursday announced details of a sweetened
$64 billion bid for Monsanto Co as it tries to put the
U.S. seed company under pressure to engage further.
Read more
Bayer AG on Thursday announced details of a sweetened
$64 billion bid for Monsanto Co as it tries to put the
U.S. seed company under pressure to engage further.
Read more
China, EU to set up mechanism to fight steel overcapacity - Chinese foreign minister
ULAANBAATAR, July 14 (Reuters) - China and the European
Union agreed to establish a bilateral mechanism to deal with
overcapacity in steel, Chinese Foreign Minister Wang Yi said on
Thursday.
Read more
Union agreed to establish a bilateral mechanism to deal with
overcapacity in steel, Chinese Foreign Minister Wang Yi said on
Thursday.
Read more
U.S. says China market economy status not automatic - WTO official
GENEVA, July 14 (Reuters) - The United States told China on
Thursday that it would not be granted automatic market economy
status on Dec. 11 as it has requested, said a World Trade
Organization official who was present at the meeting where the
exchange took place.
Read more
Thursday that it would not be granted automatic market economy
status on Dec. 11 as it has requested, said a World Trade
Organization official who was present at the meeting where the
exchange took place.
Read more
China says Vietnam investigation into steel imports should be fair
BEIJING, July 14 (Reuters) - China hopes Vietnam will
exercise restraint and be prudent in its use of trade remedy
measures, its commerce ministry said on Thursday in response to
a Vietnamese announcement it will investigate safeguards against
imported colour-coated steel sheet.
Read more
exercise restraint and be prudent in its use of trade remedy
measures, its commerce ministry said on Thursday in response to
a Vietnamese announcement it will investigate safeguards against
imported colour-coated steel sheet.
Read more
COLUMN-Rare earth metals pay the price of previous excess: Andy Home
LONDON, July 14 (Reuters) - For every action there is a
reaction and never more so than when it comes to industrial
commodity supply chains.
Read more
reaction and never more so than when it comes to industrial
commodity supply chains.
Read more
China bid for giant Australia farm holding on ice - sources
SYDNEY, July 14 (Reuters) - A China-led consortium seeking
to buy Australia's S. Kidman & Co will hold off on a fresh bid
for the country's largest agricultural land owner amid concerns
it could be derailed by a more protectionist new government, two
sources with direct knowledge of the matter said.
Read more
to buy Australia's S. Kidman & Co will hold off on a fresh bid
for the country's largest agricultural land owner amid concerns
it could be derailed by a more protectionist new government, two
sources with direct knowledge of the matter said.
Read more
Wednesday, July 13, 2016
RPT-India relaxes gold jewellery excise duty rules
MUMBAI, July 14 (Reuters) - India on Wednesday relaxed the
rules for its tax on gold jewellery sales that was introduced
earlier this year in an attempt to address concerns raised by
the industry, the government said in a statement.
Read more
rules for its tax on gold jewellery sales that was introduced
earlier this year in an attempt to address concerns raised by
the industry, the government said in a statement.
Read more
Peru's Kuczynski wants to relax air standards to spur refining
LIMA, July 13 (Reuters) - Peru's President-elect Pedro Pablo
Kuczynski called Peru's air quality standards "unrealistic" on
Wednesday and proposed lowering them to spur investments in
smelters that would boost the country's key mineral exports.
Read more
Kuczynski called Peru's air quality standards "unrealistic" on
Wednesday and proposed lowering them to spur investments in
smelters that would boost the country's key mineral exports.
Read more
UPDATE 2-Monsanto exploring deals, including BASF agri unit buy -BBG
July 13 (Reuters) - Seed company Monsanto Co, which
rejected Bayer AG's buyout offer in May, is exploring
various transactions, including the acquisition of BASF's
agriculture-solutions unit, Bloomberg reported.
Read more
rejected Bayer AG's buyout offer in May, is exploring
various transactions, including the acquisition of BASF's
agriculture-solutions unit, Bloomberg reported.
Read more
India's coal shift a double whammy for Indonesian exporters
NEW DELHI/JAKARTA, July 14 (Reuters) - For many coal miners
in Indonesia's resource-dependent economy, a surprise shift in
India's coal industry - from big importer to potential exporter
- could not have come at a worse time.
Read more
in Indonesia's resource-dependent economy, a surprise shift in
India's coal industry - from big importer to potential exporter
- could not have come at a worse time.
Read more
Monsanto exploring deals, including BASF agri unit buy - BBG
July 13 (Reuters) - Seed company Monsanto Co, which
rejected Bayer AG's buyout offer in May, is exploring
various transactions, including the acquisition of BASF's
agriculture-solutions unit, Bloomberg reported.
Read more
rejected Bayer AG's buyout offer in May, is exploring
various transactions, including the acquisition of BASF's
agriculture-solutions unit, Bloomberg reported.
Read more
Brazil prosecutors open criminal probe into Samarco CEO
RIO DE JANEIRO, July 13 (Reuters) - Brazilian federal
prosecutors said on Wednesday they opened an investigation into
alleged environmental crimes by Roberto Carvalho, chief
executive of iron-ore mining company Samarco Mineração SA, over
a deadly damburst last year.
Read more
prosecutors said on Wednesday they opened an investigation into
alleged environmental crimes by Roberto Carvalho, chief
executive of iron-ore mining company Samarco Mineração SA, over
a deadly damburst last year.
Read more
UPDATE 3-U.S. challenges China raw material export duties in trade enforcement push
WASHINGTON, July 13 (Reuters) - The United States challenged
China's export duties on nine key metals and minerals on
Wednesday, arguing that they violate Beijing's commitments to
the World Trade Organization and give an unfair advantage to
Chinese manufacturers.
Read more
China's export duties on nine key metals and minerals on
Wednesday, arguing that they violate Beijing's commitments to
the World Trade Organization and give an unfair advantage to
Chinese manufacturers.
Read more
India relaxes gold jewellery excise duty rules
MUMBAI, July 14 (Reuters) - India on Wednesday relaxed the
rules for its tax on gold jewellery sales that was introduced
earlier this year in an attempt to address concerns raised by
the industry, the government said in a statement.
Read more
rules for its tax on gold jewellery sales that was introduced
earlier this year in an attempt to address concerns raised by
the industry, the government said in a statement.
Read more
New tool aims to help businesses value and manage natural assets
BARCELONA, July 13 (Thomson Reuters Foundation) - A new
international framework for managing natural assets will help
businesses monitor their use of environmental resources, and
work out the risks and opportunities this holds for their
operations, its creators said on Wednesday.
Read more
international framework for managing natural assets will help
businesses monitor their use of environmental resources, and
work out the risks and opportunities this holds for their
operations, its creators said on Wednesday.
Read more
FTSE eases from 11-month high as oil and housebuilders retreat
* Poundland shares up over 12 pct on M&A news
(Adds detail and quote, updates prices at close)
Read more
(Adds detail and quote, updates prices at close)
Read more
Actor Mark Rylance puts rights of tribal people centre-stage in new film
LONDON, July 13 (Thomson Reuters Foundation) - Oscar-winning
British actor Mark Rylance has left behind the splendour of
"Wolf Hall" and poetry of Shakespeare to appear in a film
appealing for global support for the protection of indigenous
communities and their land worldwide.
Read more
British actor Mark Rylance has left behind the splendour of
"Wolf Hall" and poetry of Shakespeare to appear in a film
appealing for global support for the protection of indigenous
communities and their land worldwide.
Read more
Scant short term impact seen on nickel from Philippine mine crackdown
MANILA/LONDON, July 13 (Reuters) - An environmental
crackdown on Philippine mines, which helped drive nickel prices
to eight-month highs, is likely to have only a muted impact on
exports to China in the short term because the biggest mines
have met guidelines, experts said.
Read more
crackdown on Philippine mines, which helped drive nickel prices
to eight-month highs, is likely to have only a muted impact on
exports to China in the short term because the biggest mines
have met guidelines, experts said.
Read more
China Jan-June copper imports up 22 pct y/y, crude oil up 14 pct -customs
BEIJING, July 13 (Reuters) - China's copper imports jumped
22 percent in the January to June period from a year ago,
China's General Administration of Customs said on Wednesday.
Read more
22 percent in the January to June period from a year ago,
China's General Administration of Customs said on Wednesday.
Read more
EU's Juncker warns Chinese counterparts on steel overcapacity
BEIJING, July 13 (Reuters) - European Commission President
Jean-Claude Juncker told his Chinese counterparts on Wednesday
that overcapacity in steel sector is a very serious problem.
Read more
Jean-Claude Juncker told his Chinese counterparts on Wednesday
that overcapacity in steel sector is a very serious problem.
Read more
Tuesday, July 12, 2016
China willing to expedite investment deals with EU - Premier Li
BEIJING, July 13 (Reuters) - China's Premier Li Keqiang said
on Wednesday that China was willing to expedite ambitious
negotiation of China-EU investment deals.
Read more
on Wednesday that China was willing to expedite ambitious
negotiation of China-EU investment deals.
Read more
UPDATE 1-China committed to market reforms, fighting overcapacity - Premier Li
BEIJING, July 13 (Reuters) - China's Premier Li Keqiang told
European Union officials on Wednesday that the country was
committed to market reforms and remained determined to tackle a
steel capacity glut that has sharpened tensions between the two
sides.
Read more
European Union officials on Wednesday that the country was
committed to market reforms and remained determined to tackle a
steel capacity glut that has sharpened tensions between the two
sides.
Read more
China says U.S. deliberately misread WTO rules in steel subsidy spat
SHANGHAI, July 13 (Reuters) - China's Commerce Ministry said
on Wednesday the United States had deliberately misinterpreted
World Trade Organization (WTO) rules after the U.S. Commerce
Department found in favour of subsidy rates for Chinese steel.
Read more
on Wednesday the United States had deliberately misinterpreted
World Trade Organization (WTO) rules after the U.S. Commerce
Department found in favour of subsidy rates for Chinese steel.
Read more
RPT-COLUMN-All change in the world of industrial metals trading? Andy Home
LONDON, July 12 (Reuters) - China has loomed large over the
world of industrial raw materials for many years.
Read more
world of industrial raw materials for many years.
Read more
Essar Global investors, others express intent to buy Essar Algoma
July 12 (Reuters) - A group that includes shareholders of
Essar Global said it signed a letter of intent with a local unit
of the United Steelworkers Union to negotiate a deal to buy
Essar Steel Algoma Inc for about $900 million.
Read more
Essar Global said it signed a letter of intent with a local unit
of the United Steelworkers Union to negotiate a deal to buy
Essar Steel Algoma Inc for about $900 million.
Read more
Pakistan shares hit record closing high; rupee flat, o/n rates fall
KARACHI, July 12 (Reuters) - Pakistan stocks rallied to a
record closing high on Tuesday on news a tax rebate would
benefit shariah-compliant companies, dealers said.
Read more
record closing high on Tuesday on news a tax rebate would
benefit shariah-compliant companies, dealers said.
Read more
Kyrgyz H1 GDP falls 2.3 pct on lower gold output
BISHKEK, July 12 (Reuters) - Kyrgyzstan's gross domestic
product fell 2.3 percent year-on-year in January-June as output
at the Kumtor gold mine, which accounts for much of the
country's industrial output, declined sharply, the state
statistics committee said on Tuesday.
Read more
product fell 2.3 percent year-on-year in January-June as output
at the Kumtor gold mine, which accounts for much of the
country's industrial output, declined sharply, the state
statistics committee said on Tuesday.
Read more
COLUMN-All change in the world of industrial metals trading? Andy Home
LONDON, July 12 (Reuters) - China has loomed large over the
world of industrial raw materials for many years.
Read more
world of industrial raw materials for many years.
Read more
Cameroon moves to curb forest loss linked to Chinese investment
YAOUNDE, July 12 (Thomson Reuters Foundation) - A rise in
Chinese companies operating in Cameroon's timber sector,
combined with weak law enforcement, have fuelled a surge in
illegal logging that is fast depleting the nation's forests,
experts warn.
Read more
Chinese companies operating in Cameroon's timber sector,
combined with weak law enforcement, have fuelled a surge in
illegal logging that is fast depleting the nation's forests,
experts warn.
Read more
Eramet's nickel business SLN agrees to 200 mln euro state loan
PARIS, July 12 (Reuters) - Mining group Eramet
said that the board of its nickel subsidiary SLN in New
Caledonia has approved a 200 million euro ($222.28 million) loan
from the French government, aimed at helping the loss-making
business survive a severe market downturn.
Read more
said that the board of its nickel subsidiary SLN in New
Caledonia has approved a 200 million euro ($222.28 million) loan
from the French government, aimed at helping the loss-making
business survive a severe market downturn.
Read more
UPDATE 1-Japan's Tanaka to buy Swiss precious metals refiner Metalor
TOKYO, July 12 (Reuters) - Japan's Tanaka Holdings said it
would buy Metalor Technologies International SA, a privately
held Swiss precious metals refiner, to boost its business as
local growth stagnates due to a falling population.
Read more
would buy Metalor Technologies International SA, a privately
held Swiss precious metals refiner, to boost its business as
local growth stagnates due to a falling population.
Read more
China's Dongbei Special Steel in new default as debt note matures
SHANGHAI, July 12 (Reuters) - Unlisted Dongbei Special Steel
Group Co Ltd, which defaulted on several bonds earlier in 2016,
has defaulted on a private placement note which matured Monday,
it said on Tuesday.
Read more
Group Co Ltd, which defaulted on several bonds earlier in 2016,
has defaulted on a private placement note which matured Monday,
it said on Tuesday.
Read more
UPDATE 1-China's Baosteel to slash capacity through 2018 in supply-side reform
SHANGHAI, July 12 (Reuters) - Baosteel Group, China's
second-biggest steelmaker, plans to cut its crude steelmaking
capacity over the next two years as part of its efforts to push
through supply-side reform, it said on its website on Tuesday.
Read more
second-biggest steelmaker, plans to cut its crude steelmaking
capacity over the next two years as part of its efforts to push
through supply-side reform, it said on its website on Tuesday.
Read more
China's Baosteel to cut capacity by 9.2 mln tonnes between 2016-18 - website
SHANGHAI, July 12 (Reuters) - China's Baosteel Group, the
country's second-biggest steelmaker, plans to cut 9.2 million
tonnes of crude steel capacity between 2016 and 2018, as part of
its efforts to push for supply-side reform and cut overcapacity,
it said on its website on Tuesday.
Read more
country's second-biggest steelmaker, plans to cut 9.2 million
tonnes of crude steel capacity between 2016 and 2018, as part of
its efforts to push for supply-side reform and cut overcapacity,
it said on its website on Tuesday.
Read more
Monday, July 11, 2016
UPDATE 3-Low aluminum prices hurt Alcoa second-quarter profit
CHICAGO, July 11 (Reuters) - Alcoa Inc on Monday
reported a lower quarterly net profit, with falling aluminum and
alumina prices pressuring revenue while plant operations have
been scaled back ahead of a spinoff of its traditional smelting
business later this year.
Read more
reported a lower quarterly net profit, with falling aluminum and
alumina prices pressuring revenue while plant operations have
been scaled back ahead of a spinoff of its traditional smelting
business later this year.
Read more
Mexico extends tariff on steel tubing imports from the U.S.
MONTERREY, July 11 (Reuters) - Mexico extended a tariff on
imports of steel carbon pipes from the United States on Monday
and announced a separate tax on ferromanganese from South Korea,
in moves to protect local production.
Read more
imports of steel carbon pipes from the United States on Monday
and announced a separate tax on ferromanganese from South Korea,
in moves to protect local production.
Read more
UPDATE 4-Russia to press on with privatisations after Alrosa sale nets $813 mln
MOSCOW, July 11 (Reuters) - Russia will press on with major
privatisations this year, senior government officials said on
Monday, after the sale of a further 10.9 percent stake in
diamond company Alrosa raised 52.2 billion roubles
($813 million).
Read more
privatisations this year, senior government officials said on
Monday, after the sale of a further 10.9 percent stake in
diamond company Alrosa raised 52.2 billion roubles
($813 million).
Read more
Alcoa Q2 profit falls on low aluminum prices
CHICAGO, July 11 (Reuters) - Metals company Alcoa Inc
on Monday reported a lower quarterly net profit, citing a 10
percent decline in revenue due to lower prices for aluminum and
alumina and plant operations that have been curtailed, closed or
sold off.
Read more
on Monday reported a lower quarterly net profit, citing a 10
percent decline in revenue due to lower prices for aluminum and
alumina and plant operations that have been curtailed, closed or
sold off.
Read more
European stocks post highest close since Brexit
* Goldman Sachs keeps "neutral" view on equities
(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
UPDATE 3-Russia to press on with privatisations after Alrosa sale nets $813 mln
MOSCOW, July 11 (Reuters) - Russia will press on with major
privatisations this year, senior government officials said on
Monday, after the sale of a further 10.9 percent stake in
diamond company Alrosa raised 52.2 billion roubles
($813 million).
Read more
privatisations this year, senior government officials said on
Monday, after the sale of a further 10.9 percent stake in
diamond company Alrosa raised 52.2 billion roubles
($813 million).
Read more
Canada June housing starts rise to 218,333 - CMHC
OTTAWA, July 11 (Reuters) - Canadian housing starts rose
much more than expected in June from May, bolstered by apartment
construction in the province of Ontario, data from the national
housing agency showed on Monday.
Read more
much more than expected in June from May, bolstered by apartment
construction in the province of Ontario, data from the national
housing agency showed on Monday.
Read more
UPDATE 1-Canada June housing starts unexpectedly jump on Ontario strength
OTTAWA, July 11 (Reuters) - Canadian housing starts rose
much more than expected in June from May on booming apartment
construction in Ontario as well as a strong performance from
British Columbia, data from the national housing agency showed
on Monday.
Read more
much more than expected in June from May on booming apartment
construction in Ontario as well as a strong performance from
British Columbia, data from the national housing agency showed
on Monday.
Read more
RPT-Oil funds hold down risk, eye volatility after weak first half
July 8 (Reuters) - Oil's big rebound in the first half of
the year was a squandered opportunity for most hedge funds with
positions in crude, and a surge in volatility is likely to make
it harder for them to call the market in the second half.
Read more
the year was a squandered opportunity for most hedge funds with
positions in crude, and a surge in volatility is likely to make
it harder for them to call the market in the second half.
Read more
UPDATE 1-Israel Chemicals sells potash to India at decade-low price -sources
MUMBAI/TEL AVIV, July 11 (Reuters) - Israel Chemicals (ICL)
will ship potash to India at the same decade-low price
agreed by another big seller last month, two industry sources
said, at a time when global supply of the crop nutrient is
exceeding demand.
Read more
will ship potash to India at the same decade-low price
agreed by another big seller last month, two industry sources
said, at a time when global supply of the crop nutrient is
exceeding demand.
Read more
European stocks lifted by gains in steelmakers and banks
LONDON, July 11 (Reuters) - A rally in the shares of
steelmakers and financials helped European stocks to rise for
the third straight session on Monday, with the steel companies
lifted by signs of sector consolidation.
Read more
steelmakers and financials helped European stocks to rise for
the third straight session on Monday, with the steel companies
lifted by signs of sector consolidation.
Read more
Mining sector lifts Britain's FTSE to 11-month highs
LONDON, July 11 (Reuters) - The FTSE 100 climbed to
an 11-month high on Monday, helped by expectations of a cut in
interest rates by the Bank of England later this week and a
rally in mining companies.
Read more
an 11-month high on Monday, helped by expectations of a cut in
interest rates by the Bank of England later this week and a
rally in mining companies.
Read more
RPC Group says Q1 profit better than its expectations
July 11 (Reuters) - Packaging maker RPC Group Plc
said adjusted operating profit at constant currency for the
first quarter was ahead of its expectations, helped by higher
sales volumes as well as synergies from its deal to buy Global
Closure Systems.
Read more
said adjusted operating profit at constant currency for the
first quarter was ahead of its expectations, helped by higher
sales volumes as well as synergies from its deal to buy Global
Closure Systems.
Read more
Israel Chemicals to sell potash to India at decade-low price -sources
MUMBAI, July 11 (Reuters) - Israel Chemicals (ICL)
will ship potash to India at the same decade-low price agreed by
another seller last month, two sources said, as global supply of
the crop nutrient exceeds demand.
Read more
will ship potash to India at the same decade-low price agreed by
another seller last month, two sources said, as global supply of
the crop nutrient exceeds demand.
Read more
Sunday, July 10, 2016
Oil funds hold down risk, eye volatility after weak first half
July 10 (Reuters) - Oil's big rebound in the first half of
the year was a squandered opportunity for most hedge funds with
positions in crude, and a surge in volatility is likely to make
it harder for them to call the market in the second half.
Read more
the year was a squandered opportunity for most hedge funds with
positions in crude, and a surge in volatility is likely to make
it harder for them to call the market in the second half.
Read more
Saturday, July 9, 2016
UPDATE 1-Global economy "grim" and G20 must step up to fix it -China
SHANGHAI, July 9 (Reuters) - The global economic situation
is grim and major economies must lead the way in tackling
problems including sluggish growth and weak trade, China's trade
minister Gao Hucheng said on Saturday.
Read more
is grim and major economies must lead the way in tackling
problems including sluggish growth and weak trade, China's trade
minister Gao Hucheng said on Saturday.
Read more
Global economy "grim" and G20 must step up to fix it -China
SHANGHAI, July 9 (Reuters) - The global economic situation
is grim and major economies must lead the way in tackling
problems including sluggish growth and weak trade, China's trade
minister Gao Hucheng said on Saturday.
Read more
is grim and major economies must lead the way in tackling
problems including sluggish growth and weak trade, China's trade
minister Gao Hucheng said on Saturday.
Read more
China Molybdenum looking for further acquisitions - exec
SYDNEY, July 9 (Reuters) - China Molybdenum Co Ltd (CMOC)
is interested in acquiring more mining assets
globally including in Australia, the company's international
chief executive was quoted as saying in The Australian
newspaper's Saturday edition.
Read more
is interested in acquiring more mining assets
globally including in Australia, the company's international
chief executive was quoted as saying in The Australian
newspaper's Saturday edition.
Read more
Friday, July 8, 2016
Bitcoin "miners" face fight for survival as new supply halves
KEFLAVIK, Iceland, July 8 (Reuters) - Marco Streng is a
miner, though he does not carry a pick around his base in
south-western Iceland. Instead, he keeps tens of thousands of
computers running 24 hours a day in fierce competition with
others across the globe to earn bitcoins.
Read more
miner, though he does not carry a pick around his base in
south-western Iceland. Instead, he keeps tens of thousands of
computers running 24 hours a day in fierce competition with
others across the globe to earn bitcoins.
Read more
UPDATE 1-Tata Steel pauses sale of UK assets on Brexit uncertainty, looks for partner
July 8 (Reuters) - Tata Steel has put the process
of selling its major British assets on hold because of the
uncertainty caused by the Brexit vote and also surrounding
pension liabilities and will now also look at forming a joint
venture, the company said.
Read more
of selling its major British assets on hold because of the
uncertainty caused by the Brexit vote and also surrounding
pension liabilities and will now also look at forming a joint
venture, the company said.
Read more
UPDATE 3-DuPont must pay extra $500,000 in lawsuit over Teflon-making chemical
NEW YORK, July 8 (Reuters) - U.S. jurors ordered DuPont
on Friday to pay an additional $500,000 in punitive
damages to a man who said he developed testicular cancer from
exposure to a toxic chemical used to make Teflon at one of its
plants, according to a lawyer for the plaintiff.
Read more
on Friday to pay an additional $500,000 in punitive
damages to a man who said he developed testicular cancer from
exposure to a toxic chemical used to make Teflon at one of its
plants, according to a lawyer for the plaintiff.
Read more
Tata Steel in talks for possible JV for its UK business
July 8 (Reuters) - Tata Steel Ltd said on Friday
it was in talks with potential strategic partners in the steel
industry, including Thyssenkrupp AG, to explore a
potential joint venture for its UK business.
Read more
it was in talks with potential strategic partners in the steel
industry, including Thyssenkrupp AG, to explore a
potential joint venture for its UK business.
Read more
UPDATE 2-Congo agrees to mining companies' demands to resume VAT repayments
* Companies skeptical that reimbursement will start soon
(Adds industry and analyst reaction)
Read more
(Adds industry and analyst reaction)
Read more
UPDATE 1-Russia's Onexim sells 20 pct stake in Uralkali
MOSCOW/MINSK, July 8 (Reuters) - Russian businessman Mikhail
Prokhorov's Onexim Group has sold its 20 percent stake in
Uralkali, the world's largest producer of crop
nutrient potash, Onexim said on Friday.
Read more
Prokhorov's Onexim Group has sold its 20 percent stake in
Uralkali, the world's largest producer of crop
nutrient potash, Onexim said on Friday.
Read more
China to launch environmental probes in 8 more provinces
SHANGHAI, July 8 (Reuters) - China will send inspection
teams to eight more provinces and regions to see how well they
are complying with state environment rules and fighting the
country's war on pollution, the environment ministry said.
Read more
teams to eight more provinces and regions to see how well they
are complying with state environment rules and fighting the
country's war on pollution, the environment ministry said.
Read more
Hobbled by 2014 strike, South Africa platinum producers brace for wage talks
JOHANNESBURG, July 8 (Reuters) - The world's top platinum
miners face tough wage talks next week with South Africa's
hardline unions, having seen their balance sheets battered and
the capacity for big pay hikes limited by low prices and the
effects of a five-month strike in 2014.
Read more
miners face tough wage talks next week with South Africa's
hardline unions, having seen their balance sheets battered and
the capacity for big pay hikes limited by low prices and the
effects of a five-month strike in 2014.
Read more
China govt-run steel, coal firms to cut 10 pct of capacity in 2 yrs -regulator
SHANGHAI, July 8 (Reuters) - China's central-government run
steel and coal firms will cut capacity by around 10 percent in
the coming two years, and by 15 percent by 2020, as part of
their efforts to tackle gluts in the sectors, the state asset
regulator said on Friday.
Read more
steel and coal firms will cut capacity by around 10 percent in
the coming two years, and by 15 percent by 2020, as part of
their efforts to tackle gluts in the sectors, the state asset
regulator said on Friday.
Read more
Thursday, July 7, 2016
S.Korea won, stocks ease as dollar strengthens
* Won and KOSPI expected to end the week lower
* U.S. jobs data will have limited impact on the won -
analyst
SEOUL, July 8 (Reuters) - The South Korean won and
shares eased on Friday as expectations for a positive U.S. jobs
report and a drop in global oil prices lifted the dollar,
pressuring riskier assets.
The won was quoted at 1,159.2 as of 0223 GMT,
down 0.4 percent compared to Thursday's close of 1,154.6.
The Korea Composite Stock Price Index (KOSPI) was
down 0.7 percent at
Read more
* U.S. jobs data will have limited impact on the won -
analyst
SEOUL, July 8 (Reuters) - The South Korean won and
shares eased on Friday as expectations for a positive U.S. jobs
report and a drop in global oil prices lifted the dollar,
pressuring riskier assets.
The won was quoted at 1,159.2 as of 0223 GMT,
down 0.4 percent compared to Thursday's close of 1,154.6.
The Korea Composite Stock Price Index (KOSPI) was
down 0.7 percent at
Read more
U.S. agrees to clean-up deal with bankrupt miner, hopes for payment
July 7 (Reuters) - The U.S. government agreed to a mine
clean-up deal that allows coal producer Alpha Natural Resources
to exit bankruptcy, despite concerns that Alpha will be unable
to fund $400 million in commitments, a government lawyer told a
court on Thursday.
Read more
clean-up deal that allows coal producer Alpha Natural Resources
to exit bankruptcy, despite concerns that Alpha will be unable
to fund $400 million in commitments, a government lawyer told a
court on Thursday.
Read more
Kyrgyzstan votes against Centerra's Thompson Creek takeover
BISHKEK, July 7 (Reuters) - Kyrgyzstan's state gold company
Kyrgyzaltyn has voted against a planned $1.1 billion takeover of
Thompson Creek Metals by Canadian miner Centerra Gold
.
Read more
Kyrgyzaltyn has voted against a planned $1.1 billion takeover of
Thompson Creek Metals by Canadian miner Centerra Gold
.
Read more
MOVES-Barclays hires new executive M&A chairman Whittemore
July 7 (Reuters) - Tony Whittemore, a former senior banker
at Deutsche Bank, is joining Barclays as
executive chairman of mergers and acquisitions (M&A) in New York
starting on Thursday, the London-based bank said in an internal
memo.
Read more
at Deutsche Bank, is joining Barclays as
executive chairman of mergers and acquisitions (M&A) in New York
starting on Thursday, the London-based bank said in an internal
memo.
Read more
UPDATE 1-Liberty to bid for Tata Steel units, Port Talbot sale on ice- source
LONDON, July 7 (Reuters) - Liberty House Group plans to bid
for two units of Tata Steel's British business -
specialty steels and pipeline tubes - which operate
independently of its Port Talbot plant and related assets that
were put up for sale earlier this year, an industry source told
Reuters.
Read more
for two units of Tata Steel's British business -
specialty steels and pipeline tubes - which operate
independently of its Port Talbot plant and related assets that
were put up for sale earlier this year, an industry source told
Reuters.
Read more
Merkel offers hand to Russia ahead of NATO summit
BERLIN, July 7 (Reuters) - German Chancellor Angela Merkel
offered Moscow her "outstretched hand for dialogue" on Thursday,
a day before NATO leaders meet in Warsaw to cement a new
deterrent against what they see as an emboldened Russia.
Read more
offered Moscow her "outstretched hand for dialogue" on Thursday,
a day before NATO leaders meet in Warsaw to cement a new
deterrent against what they see as an emboldened Russia.
Read more
Iran says fire at Bu Ali Sina petrochemical complex contained, no casualties
July 7 (Reuters) - A fire that broke out at Iran's Bu Ali
Sina petrochemical refinery complex has been contained, the
Iranian oil ministry said on its official website Shana on
Thursday.
Read more
Sina petrochemical refinery complex has been contained, the
Iranian oil ministry said on its official website Shana on
Thursday.
Read more
China gold reserves rise to 58.62 mln fine troy oz at end-June
BEIJING, July 7 (Reuters) - China's gold reserves stood at
58.62 million fine troy ounces at the end of June, up from 58.14
million at the end of May, the central bank said on Thursday.
Read more
58.62 million fine troy ounces at the end of June, up from 58.14
million at the end of May, the central bank said on Thursday.
Read more
EU to investigate rise in Russian, Brazilian steel imports
BRUSSELS, July 7 (Reuters) - The European Commission will
investigate whether Russia, Brazil and three other countries are
flooding the bloc with cheap hot-rolled flat iron and alloy and
non-alloy steel products, following a complaint from European
rivals.
Read more
investigate whether Russia, Brazil and three other countries are
flooding the bloc with cheap hot-rolled flat iron and alloy and
non-alloy steel products, following a complaint from European
rivals.
Read more
REFILE-Myanmar annual jade and gem emporium sale nets $592 mln
YANGON, July 7 (Reuters) - Proceeds from Myanmar's annual
sale of jade, gems and pearls totalled 533.49 million euros
($592.12 million), down nearly 10 percent from 2015, government
data showed.
Read more
sale of jade, gems and pearls totalled 533.49 million euros
($592.12 million), down nearly 10 percent from 2015, government
data showed.
Read more
Peru's Kuczynski to try to reopen shuttered La Oroya smelter
LIMA, July 6 (Reuters) - Peru President-elect Pedro Pablo
Kuczynski vowed on Wednesday to make his "strongest effort" to
reopen the polymetallic smelter La Oroya, part of his goal of
wringing more value out of the country's key mineral exports.
Read more
Kuczynski vowed on Wednesday to make his "strongest effort" to
reopen the polymetallic smelter La Oroya, part of his goal of
wringing more value out of the country's key mineral exports.
Read more
Wednesday, July 6, 2016
UPDATE 1-Dominion Diamond sees encouraging acquisition prospects in Canada
July 6 (Reuters) - Dominion Diamond Corp ,
Canada's biggest publicly traded diamond miner, is keeping an
eye out for acquisitions in Canada where some prospects are
"very encouraging," its chief executive said on Wednesday.
Read more
Canada's biggest publicly traded diamond miner, is keeping an
eye out for acquisitions in Canada where some prospects are
"very encouraging," its chief executive said on Wednesday.
Read more
For Chile's lawyers, country's new labor laws a mystery
SANTIAGO, July 6 (Reuters) - Two weeks after Chile's
government completed work on a landmark labor reform, leading
lawyers in the world's top copper exporter say the bill is
filled with gaping regulatory voids that have replaced many laws
with question marks.
Read more
government completed work on a landmark labor reform, leading
lawyers in the world's top copper exporter say the bill is
filled with gaping regulatory voids that have replaced many laws
with question marks.
Read more
UPDATE 1-DuPont ordered to pay $5.1 mln in trial over Teflon-making chemical
NEW YORK, July 6 (Reuters) - A U.S. jury on Wednesday
ordered DuPont to pay $5.1 million to a man who said he
developed testicular cancer from exposure to a toxic chemical
used to make Teflon at one of its plants, according to a DuPont
spokesman.
Read more
ordered DuPont to pay $5.1 million to a man who said he
developed testicular cancer from exposure to a toxic chemical
used to make Teflon at one of its plants, according to a DuPont
spokesman.
Read more
UPDATE 2-Russia starts sale of stake in diamond producer Alrosa
MOSCOW, July 6 (Reuters) - Russia on Wednesday launched the
sale of a stake in diamond producer Alrosa as part of
a privatisation programme to help to bolster government
finances which have been hit by weak oil prices.
Read more
sale of a stake in diamond producer Alrosa as part of
a privatisation programme to help to bolster government
finances which have been hit by weak oil prices.
Read more
Driverless cars need infrared technology to be safe, says auto supplier ZF
FRANKFURT, July 6 (Reuters) - Self-driving cars will need
multiple detection systems including expensive infrared "lidar"
technology if they are to be safe at high speeds, the chief
executive of German autos supplier ZF Friedrichshafen
said on Wednesday.
Read more
multiple detection systems including expensive infrared "lidar"
technology if they are to be safe at high speeds, the chief
executive of German autos supplier ZF Friedrichshafen
said on Wednesday.
Read more
UK renews pre-Brexit vote financial aid pledge for any Tata Steel buyer
LONDON, July 6 (Reuters) - The British government's offer of
financial aid to potential buyers of Tata Steel's UK assets is
still on the table, business minister Anna Soubry said on
Wednesday, despite Britain's shock vote last month to leave the
European Union.
Read more
financial aid to potential buyers of Tata Steel's UK assets is
still on the table, business minister Anna Soubry said on
Wednesday, despite Britain's shock vote last month to leave the
European Union.
Read more
London black cab maker plans European expansion
LONDON, July 6 (Reuters) - The London Taxi Company, maker of
the British capital's distinctive black cabs, plans to ramp up
production by the end of the decade and sell taxis and vans to
other major European cities, its chairman said.
Read more
the British capital's distinctive black cabs, plans to ramp up
production by the end of the decade and sell taxis and vans to
other major European cities, its chairman said.
Read more
With trees disappearing, Malawi turns to "earth bag" houses
MZUZU, Malawi, July 6 (Thomson Reuters Foundation) - At the
local brick kiln, a truck laden with logs pulls up and unloads.
Soon smoke is billowing, as a new set of bricks bakes inside.
Read more
local brick kiln, a truck laden with logs pulls up and unloads.
Soon smoke is billowing, as a new set of bricks bakes inside.
Read more
Dominion Diamond to focus on developing core assets, share buyback
July 6 (Reuters) - Dominion Diamond Corp
said it would focus on developing its core assets in Canada's
Northwest Territories and on buying back shares, months after a
group of investors urged the diamond miner to take steps to
boost its share price.
Read more
said it would focus on developing its core assets in Canada's
Northwest Territories and on buying back shares, months after a
group of investors urged the diamond miner to take steps to
boost its share price.
Read more
UK car sales fall in June - preliminary industry data
LONDON, July 6 (Reuters) - British new car registrations
fell slightly last month, preliminary industry data showed on
Wednesday. If confirmed, the drop of less than 1 percent would
mark only the second time sales have failed to rise year-on-year
in over four years.
Read more
fell slightly last month, preliminary industry data showed on
Wednesday. If confirmed, the drop of less than 1 percent would
mark only the second time sales have failed to rise year-on-year
in over four years.
Read more
Tuesday, July 5, 2016
S.Korea won, stocks fall as safe-haven demand soars in Brexit aftermath
* KOSPI down more than 1 pct in early trade
* Won weakens to a 1-wk low vs dollar
SEOUL, July 6 (Reuters) - The South Korean won and
shares slumped early on Wednesday as sterling fell sharply on
renewed market jitters about Brexit, boosting global demand for
safe-haven assets.
The won stood at 1,165.2 to the dollar as of 0150
GMT, down 0.7 percent compared to Tuesday's close of 1,155.4.
The Korea Composite Stock Price Index (KOSPI) was
down 1.6 percent at 1,957.76 points.
Read more
* Won weakens to a 1-wk low vs dollar
SEOUL, July 6 (Reuters) - The South Korean won and
shares slumped early on Wednesday as sterling fell sharply on
renewed market jitters about Brexit, boosting global demand for
safe-haven assets.
The won stood at 1,165.2 to the dollar as of 0150
GMT, down 0.7 percent compared to Tuesday's close of 1,155.4.
The Korea Composite Stock Price Index (KOSPI) was
down 1.6 percent at 1,957.76 points.
Read more
UPDATE 3-Centerra Gold to buy Thompson Creek Metals for $1.1 bln including debt
July 5 (Reuters) - Canadian mining company Centerra Gold
agreed on Tuesday to buy U.S. -based miner Thompson
Creek Metals for around $1.1 billion in shares and
cash, including paying off nearly $900 million of debt, to
expand its operations in North America.
Read more
agreed on Tuesday to buy U.S. -based miner Thompson
Creek Metals for around $1.1 billion in shares and
cash, including paying off nearly $900 million of debt, to
expand its operations in North America.
Read more
Canada's Centerra Gold to buy Thompson Creek Metals for $1.1 bln
July 5 (Reuters) - Canadian miner Centerra Gold
agreed on Tuesday to buy Thompson Creek Metals, a
U.S.-based miner bowed by nearly $900 million in debt, and pay
its creditors, in a deal worth around $1.1 billion, the two
companies said.
Read more
agreed on Tuesday to buy Thompson Creek Metals, a
U.S.-based miner bowed by nearly $900 million in debt, and pay
its creditors, in a deal worth around $1.1 billion, the two
companies said.
Read more
U.S. Mint American Eagle gold coin sales fall 3.9 pct in June
NEW YORK, June 30 (Reuters) - The U.S. Mint sold 73,500 ounces of American Eagle gold coins in June,
down 3.9 percent from the previous month, according to the latest data.
(in ounces)
Gold Silver Platinum
2016 2015 2016 2015 2016
January 124,000 81,000 5,954,500 5,530,000 n/a
February 83,500 18,500 4,782,000 3,022,000 n/a
Ma
Read more
down 3.9 percent from the previous month, according to the latest data.
(in ounces)
Gold Silver Platinum
2016 2015 2016 2015 2016
January 124,000 81,000 5,954,500 5,530,000 n/a
February 83,500 18,500 4,782,000 3,022,000 n/a
Ma
Read more
Superior Plus to sell unit for $325 mln
July 5 (Reuters) - Canadian chemical maker Superior Plus
Corp said it was selling its construction products
distribution business for $325 million to reduce debt and focus
on its other businesses.
Read more
Corp said it was selling its construction products
distribution business for $325 million to reduce debt and focus
on its other businesses.
Read more
Germany to limit offshore wind power
BERLIN, July 5 (Reuters) - Germany plans to cap the
expansion of offshore wind power at the start of the next decade
to ensure the future growth of renewables keeps step with the
construction of new power lines, according to a revision to a
new energy law seen by Reuters.
Read more
expansion of offshore wind power at the start of the next decade
to ensure the future growth of renewables keeps step with the
construction of new power lines, according to a revision to a
new energy law seen by Reuters.
Read more
Saudi petchem firms may seek M&A as part of efficiency drive
KHOBAR, Saudi Arabia, July 5 (Reuters) - Saudi
petrochemicals producers are looking for mergers and
acquisitions to secure scale and raw materials as part of an
efficiency drive to adjust their businesses to lower oil prices.
Read more
petrochemicals producers are looking for mergers and
acquisitions to secure scale and raw materials as part of an
efficiency drive to adjust their businesses to lower oil prices.
Read more
Britain's FTSE falls for 2nd day as miners and REITs slip
LONDON, July 5 (Reuters) - Britain's top share index fell
for a second straight day on Tuesday, with miners tracking
weaker metals, and real estate investment trusts (REITs) coming
under pressure after Standard Life Investments suspended trading
in its UK real estate fund.
Read more
for a second straight day on Tuesday, with miners tracking
weaker metals, and real estate investment trusts (REITs) coming
under pressure after Standard Life Investments suspended trading
in its UK real estate fund.
Read more
UPDATE 1-Rio Tinto chief shelves giant Guinea iron ore project -newspaper
CONAKRY July 4 (Reuters) - Rio Tinto has shelved
its $20 billion Simandou iron ore project in Guinea because of a
sustained slump in prices, the company's new Chief Executive
Jean-Sebastien Jacques said in an interview with The Times
newspaper.
Read more
its $20 billion Simandou iron ore project in Guinea because of a
sustained slump in prices, the company's new Chief Executive
Jean-Sebastien Jacques said in an interview with The Times
newspaper.
Read more
Monday, July 4, 2016
As lithium market booms, explorer Neo Lithium eyes Toronto listing
July 4 (Reuters) - Neo Lithium Corp, a small lithium
exploration company with a recent discovery in Argentina, is
planning to list on Canada's TSX Venture Exchange around July
15, its chief executive, Waldo Perez, said on Monday.
Read more
exploration company with a recent discovery in Argentina, is
planning to list on Canada's TSX Venture Exchange around July
15, its chief executive, Waldo Perez, said on Monday.
Read more
WIDER IMAGE-Free at Rio Olympics: 9 million forest-friendly condoms
XAPURI, Brazil, July 4 (Reuters) - Brazil's government will hand out 9 million condoms for free around Rio de Janeiro during the Olympics in August, a push meant to encourage safe sex and also defend the Amazon rainforest.
Read more
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AFRICA-BUSINESS-Congo miners stare into abyss after commodities slump
LUBUMBASHI, Democratic Republic of Congo, July 4 (Reuters) -
A t a mining conference in Democratic Republic of Congo's mining
capital, Lubumbashi, last month, government officials and mining
company executives huddled around two big tables, brainstorming
how to save a failing copper mine.
Read more
A t a mining conference in Democratic Republic of Congo's mining
capital, Lubumbashi, last month, government officials and mining
company executives huddled around two big tables, brainstorming
how to save a failing copper mine.
Read more
France's Total rehuffles management in renewables drive
PARIS, July 4 (Reuters) - French oil major Total
has moved the head of its refining and chemicals arm to run its
newly created gas, renewables and power division as the group
strives to become a leading renewables and electricity player
within 20 years.
Read more
has moved the head of its refining and chemicals arm to run its
newly created gas, renewables and power division as the group
strives to become a leading renewables and electricity player
within 20 years.
Read more
Norway says could achieve full carbon capture and storage by 2022
OSLO, July 4 (Reuters) - By 2022, Norway could realise every
step in the development of a technology many see as critical to
reducing global carbon emissions, carbon capture and storage
(CCS), it said on Monday.
Read more
step in the development of a technology many see as critical to
reducing global carbon emissions, carbon capture and storage
(CCS), it said on Monday.
Read more
FTSE's post-Brexit recovery falters as property stocks weaken
LONDON, July 4 (Reuters) - Britain's top shares index
retreated from a 10-month high on Monday as weaker property and
housebuilding stocks weighed on the market and halted its
rebound from a slump caused by the United Kingdom's decision to
leave the European Union.
Read more
retreated from a 10-month high on Monday as weaker property and
housebuilding stocks weighed on the market and halted its
rebound from a slump caused by the United Kingdom's decision to
leave the European Union.
Read more
UPDATE 2-Thyssenkrupp plans further shakeup of Industrial Solutions
ESSEN, Germany, July 4 - German industrial group
Thyssenkrupp announced a further shakeup of its
Industrial Solutions unit, which it is restructuring in the face
of weak demand for plant engineering and challenges in its naval
business.
Read more
Thyssenkrupp announced a further shakeup of its
Industrial Solutions unit, which it is restructuring in the face
of weak demand for plant engineering and challenges in its naval
business.
Read more
MIDEAST STOCKS-Egypt surges on expectations of currency devaluation
DUBAI, July 4 (Reuters) - Cairo's main stock index
rose 2.9 percent on Monday on expectations of a further currency
devaluation this fiscal year, while Gulf stock markets closed on
a strong footing before the Eid al Fitr holidays.
Read more
rose 2.9 percent on Monday on expectations of a further currency
devaluation this fiscal year, while Gulf stock markets closed on
a strong footing before the Eid al Fitr holidays.
Read more
UPDATE 1-West China Cement shares plunge after Anhui Conch scraps deal
* 24 pct share decline follows steep share slide last week
(Recasts and adds analyst comment)
Read more
(Recasts and adds analyst comment)
Read more
UPDATE 1-UK construction battered in June by Brexit fears - Markit
LONDON, July 4 (Reuters) - Britain's construction industry
suffered its worst contraction in seven years in June as concern
grew about a referendum on European Union membership, according
to a survey that was mostly conducted before Britain voted on
June 23 to quit the EU.
Read more
suffered its worst contraction in seven years in June as concern
grew about a referendum on European Union membership, according
to a survey that was mostly conducted before Britain voted on
June 23 to quit the EU.
Read more
Rio Tinto sells Australian coal mine for a dollar
SYDNEY, July 4 (Reuters) - A small Australian miner on
Monday bought Rio Tinto's Blair Athol coal mine in
Queensland state for a token A$1, swooping in as big miners
offload unprofitable assets after years of low coal prices.
Read more
Monday bought Rio Tinto's Blair Athol coal mine in
Queensland state for a token A$1, swooping in as big miners
offload unprofitable assets after years of low coal prices.
Read more
Precious metals miners set new peaks, Randgold hits record high
LONDON, July 4 (Reuters) - London-listed shares of precious
metals miners advanced to new highs on Monday, tracking gains in
gold and silver prices, with Randgold Resources climbing
to a record high and Fresnillo at its best level since
late 2012.
Read more
metals miners advanced to new highs on Monday, tracking gains in
gold and silver prices, with Randgold Resources climbing
to a record high and Fresnillo at its best level since
late 2012.
Read more
West China Cement shares plunge after Anhui Conch scraps deal
HONG KONG, July 4 (Reuters) - Shares in West China Cement
Ltd fell as much as 35 percent on Monday after larger
rival Anhui Conch Cement Co Ltd scrapped a
planned takeover of the Hong Kong-listed firm.
Read more
Ltd fell as much as 35 percent on Monday after larger
rival Anhui Conch Cement Co Ltd scrapped a
planned takeover of the Hong Kong-listed firm.
Read more
Sunday, July 3, 2016
UPDATE 1-Russian tycoon Prokhorov's Onexim Group selling all its assets -Vedomosti
MOSCOW, July 4 (Reuters) - Russian tycoon Mikhail
Prokhorov's Onexim Group is selling all its assets, the Russian
newspaper Vedomosti reported on Monday, citing sources.
Read more
Prokhorov's Onexim Group is selling all its assets, the Russian
newspaper Vedomosti reported on Monday, citing sources.
Read more
Russian tycoon Prokhorov's Onexim Group selling all its assets - Vedomosti
MOSCOW, July 4 (Reuters) - Russian tycoon Mikhail
Prokhorov's Onexim Group is selling all its assets, the Russian
newspaper Vedomosti reported on Monday, citing sources with
knowledge of the situation.
Read more
Prokhorov's Onexim Group is selling all its assets, the Russian
newspaper Vedomosti reported on Monday, citing sources with
knowledge of the situation.
Read more
Lotte Group Chairman Shin says to cooperate fully with S.Korea probe
SEOUL, July 3 (Reuters) - Lotte Group Chairman Shin Dong-bin
said on Sunday he will cooperate fully with a probe by South
Korean prosecutors into alleged wrongdoing by Lotte's owner
family members and executives.
Read more
said on Sunday he will cooperate fully with a probe by South
Korean prosecutors into alleged wrongdoing by Lotte's owner
family members and executives.
Read more
Saturday, July 2, 2016
UPDATE 1-Europe must protect itself against Chinese steel exports -German minister
BERLIN, July 2 (Reuters) - Europe needs to protect itself
against Chinese steel exports, German Economy Minister Sigmar
Gabriel said on Saturday at a conference of his Social Democrat
(SPD) party.
Read more
against Chinese steel exports, German Economy Minister Sigmar
Gabriel said on Saturday at a conference of his Social Democrat
(SPD) party.
Read more
Saudi Arabia keen to expand China energy investments
RIYADH, July 2 (Reuters) - Saudi Arabia wants to expand its
investments in China's energy industry, its Energy Minister
Khalid al-Falih said late on Friday, part of the world's top oil
exporter's efforts to boost cooperation with a top customer.
Read more
investments in China's energy industry, its Energy Minister
Khalid al-Falih said late on Friday, part of the world's top oil
exporter's efforts to boost cooperation with a top customer.
Read more
Friday, July 1, 2016
Norway oil workers agree wage deal, avoid strike
OSLO, July 2 (Reuters) - Norwegian offshore oil workers and
employers signed a new wage deal on Saturday, avoiding a strike
that would have cut the output from western Europe's top oil and
gas producer by about six percent, employers and unions said.
Read more
employers signed a new wage deal on Saturday, avoiding a strike
that would have cut the output from western Europe's top oil and
gas producer by about six percent, employers and unions said.
Read more
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