* Factories grow at fastest pace in nearly 2 years-official
survey
Read more
Wednesday, August 31, 2016
COLUMN-China's robust August iron ore, coal imports mirrored in prices: Russell
LAUNCESTON, Australia, Sept 1 (Reuters) - China's imports of
iron ore and coal remained robust in August, providing a
fundamental justification for the ongoing resilience in the
price of the two major bulk commodities.
Read more
iron ore and coal remained robust in August, providing a
fundamental justification for the ongoing resilience in the
price of the two major bulk commodities.
Read more
Canada fertilizer deal would send farmers to regulators
WINNIPEG/CHICAGO, Aug 31 (Reuters) - North American farmers
will pressure regulators to protect their negotiating leverage
with fertilizer suppliers if Potash Corp of Saskatchewan
and Agrium Inc agree to merge, major farm
groups said on Wednesday.
Read more
will pressure regulators to protect their negotiating leverage
with fertilizer suppliers if Potash Corp of Saskatchewan
and Agrium Inc agree to merge, major farm
groups said on Wednesday.
Read more
CANADA STOCKS-TSX falls on commodity retreat, ekes out August gain
TORONTO, Aug 31 (Reuters) - Canada's main stock index fell
on Wednesday as lower oil and gold prices weighed on energy
companies and miners, while financial and other interest
rate-sensitive stocks slipped as investors considered the likely
path of U.S. interest rates.
Read more
on Wednesday as lower oil and gold prices weighed on energy
companies and miners, while financial and other interest
rate-sensitive stocks slipped as investors considered the likely
path of U.S. interest rates.
Read more
Libya's stockpile of toxic chemicals removed
AMSTERDAM, Aug 31 (Reuters) - Libya's remaining stockpile of
toxic chemicals has been successfully transported abroad in an
operation aimed at keeping them safe from militants, the world's
chemical weapons watchdog said on Wednesday.
Read more
toxic chemicals has been successfully transported abroad in an
operation aimed at keeping them safe from militants, the world's
chemical weapons watchdog said on Wednesday.
Read more
UPDATE 1-American Eagle coin August sales fall yr/yr as prices ease
(Recasts to include milestones and silver in paragraph 1, adds
background)
NEW YORK, Aug 31 (Reuters) - U.S. Mint sales of American
Eagle gold coins in August fell 42 percent from a year ago while
silver coin sales dropped to the lowest since late-2013, as
bullion prices came off the highest in more than two years,
government data showed on Wednesday.
The U.S. Mint sold 58,500 ounces of American Eagle gold
coins in August, up 52 percent from July but down sharply from
the 101,500 ounc
Read more
Britain's FTSE posts third straight month of gains
* Restaurant Group falls on downgrade
(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
CANADA STOCKS-TSX falls as energy and mining stocks lose ground
TORONTO, Aug 31 (Reuters) - Canada's main stock index fell
on Wednesday as lower oil and gold prices weighed on energy and
mining stocks.
Read more
on Wednesday as lower oil and gold prices weighed on energy and
mining stocks.
Read more
Sri Lankan rupee ends steady after cbank head allays fears
COLOMBO, Aug 31 (Reuters) - The Sri Lankan rupee ended
steady on Wednesday as importer dollar demand was offset by
greenback sales, a day after central bank governor Indrajith
Coomaraswamy said the currency was not under upward pressure as
capital inflows had not been of sufficient magnitude to exert
such pressure.
Read more
steady on Wednesday as importer dollar demand was offset by
greenback sales, a day after central bank governor Indrajith
Coomaraswamy said the currency was not under upward pressure as
capital inflows had not been of sufficient magnitude to exert
such pressure.
Read more
Motor racing-Monza to keep Formula One race - government officials
MILAN, Aug 31 (Reuters) - The historic Monza circuit is to stay on the Formula One calendar after agreeing a new deal with the sport's organisers, Italian officials said on Wednesday.
Read more
Read more
Austrian economy minister adds his 'nein' to U.S. trade talks debate
VIENNA, Aug 31 (Reuters) - Austria's economy minister said
talks on a EU-U.S. free trade agreement should be halted, adding
his voice to an increasingly polarised debate on both sides of
the Atlantic over whether to keep the negotiations going.
Read more
talks on a EU-U.S. free trade agreement should be halted, adding
his voice to an increasingly polarised debate on both sides of
the Atlantic over whether to keep the negotiations going.
Read more
Britain's FTSE set for third straight month of gains
LONDON, Aug 31 (Reuters) - UK shares steadied on Wednesday
as weakness in mining shares outweighed gains by banks, though
the FTSE 100 remained on track to post its third monthly
gain in a row.
Read more
as weakness in mining shares outweighed gains by banks, though
the FTSE 100 remained on track to post its third monthly
gain in a row.
Read more
Thyssenkrupp steel workers protest merger plans
DUISBURG, Germany, Aug 31 (Reuters) - Several thousand steel
workers at Thyssenkrupp on Wednesday protested
management's plans for a merger of its European steel business
with that of Tata Steel as well as possible site
closures.
Read more
workers at Thyssenkrupp on Wednesday protested
management's plans for a merger of its European steel business
with that of Tata Steel as well as possible site
closures.
Read more
Sri Lankan rupee steady after cbank chief allays fears of upward pressure
COLOMBO, Aug 31 (Reuters) - The Sri Lankan rupee traded
steady on Wednesday, a day after the country's Central Bank
Governor Indrajith Coomaraswamy said the currency was not under
upward pressure as capital inflows had not been of sufficient
magnitude to exert such pressure.
Read more
steady on Wednesday, a day after the country's Central Bank
Governor Indrajith Coomaraswamy said the currency was not under
upward pressure as capital inflows had not been of sufficient
magnitude to exert such pressure.
Read more
E-commerce, bags to drive Asian plastics demand growth through 2017
SINGAPORE, Aug 31 (Reuters) - Asian shoppers' fondness for
buying on the internet along with the region's steady economic
growth should boost Asia's plastics demand for the next two
years.
Read more
buying on the internet along with the region's steady economic
growth should boost Asia's plastics demand for the next two
years.
Read more
Myanmar's Suu Kyi kicks off peace conference with appeal for unity
NAYPYITAW, Aug 31 (Reuters) - Myanmar's Aung San Suu Kyi
launched a major push to end decades of fighting between the
military and myriad rebel groups with an appeal on Wednesday to
the country's ethnic minorities to overcome their differences to
achieve peace.
Read more
launched a major push to end decades of fighting between the
military and myriad rebel groups with an appeal on Wednesday to
the country's ethnic minorities to overcome their differences to
achieve peace.
Read more
Tuesday, August 30, 2016
RPT--COLUMN-For how long will Glencore hold its zinc capacity cuts?: Andy Home
LONDON, Aug 30 (Reuters) - It's been nearly a year since
Glencore announced it was mothballing half a million
tonnes of mined zinc capacity.
Read more
Glencore announced it was mothballing half a million
tonnes of mined zinc capacity.
Read more
CANADA STOCKS-TSX edges higher, led by banks and fertilizer stocks
TORONTO, Aug 30 (Reuters) - Canada's main stock index edged
slightly higher on Tuesday as bank and fertilizer stocks
rallied, but gains for the index were mostly pared as lower gold
prices weighed on mining stocks.
Read more
slightly higher on Tuesday as bank and fertilizer stocks
rallied, but gains for the index were mostly pared as lower gold
prices weighed on mining stocks.
Read more
Chile's Codelco says two die in accident at Chuquicamata mine
SANTIAGO, Aug 30 (Reuters) - Two workers died in an accident
on Tuesday at Chilean state-owned miner Codelco's massive
Chuquicamata mine, the company said, prompting the world's No.1
copper producer to halt mining activities there.
(Reporting by Anthony Esposito; Editing by James Dalgleish)
Read more
on Tuesday at Chilean state-owned miner Codelco's massive
Chuquicamata mine, the company said, prompting the world's No.1
copper producer to halt mining activities there.
(Reporting by Anthony Esposito; Editing by James Dalgleish)
Read more
Workers at Chile Codelco's Salvador copper mine vote on strike
SANTIAGO, Aug 30 (Reuters) - Workers at Chilean state-owned
miner Codelco's smallest copper mine began voting on Tuesday
whether to accept a wage offer or go on strike, a potential
headache for the company as it finds itself in a delicate
financial position.
Read more
miner Codelco's smallest copper mine began voting on Tuesday
whether to accept a wage offer or go on strike, a potential
headache for the company as it finds itself in a delicate
financial position.
Read more
Germany outlines deal with EU on green levy for co-generation plants
BERLIN, Aug 30 (Reuters) - Germany said it has resolved a
dispute with the European Union so that German firms that
generate power for their own consumption can remain exempt from
a green energy surcharge, Economy Minister Sigmar Gabriel said
on Tuesday.
Read more
dispute with the European Union so that German firms that
generate power for their own consumption can remain exempt from
a green energy surcharge, Economy Minister Sigmar Gabriel said
on Tuesday.
Read more
UPDATE 3-Fertilizer giants Potash Corp, Agrium talk merger
WINNIPEG, Manitoba, Aug 30 (Reuters) - Canadian fertilizer
companies Agrium Inc and Potash Corp of Saskatchewan
Inc said on Tuesday they are in talks to merge, in what
would be a tie-up of the world's biggest crop nutrient company
by capacity and North America's largest farm retailer.
Read more
companies Agrium Inc and Potash Corp of Saskatchewan
Inc said on Tuesday they are in talks to merge, in what
would be a tie-up of the world's biggest crop nutrient company
by capacity and North America's largest farm retailer.
Read more
Berkeley could be dumped from Britain's FTSE 100 as Brexit bites
LONDON, Aug 30 (Reuters) - British housebuilder Berkeley
Group could be kicked out of the top UK equity index
following a sharp drop in its stock price on concerns about the
pace of economic growth in Britain after it voted to leave the
European Union.
Read more
Group could be kicked out of the top UK equity index
following a sharp drop in its stock price on concerns about the
pace of economic growth in Britain after it voted to leave the
European Union.
Read more
CANADA STOCKS-TSX rises; merger report boosts fertilizer companies
TORONTO, Aug 30 (Reuters) - Canada's main stock index rose
in early trade on Tuesday, boosted by a rebound in energy stocks
and further gains for financials, while a report of a possible
merger sent shares of two fertilizer companies soaring.
Read more
in early trade on Tuesday, boosted by a rebound in energy stocks
and further gains for financials, while a report of a possible
merger sent shares of two fertilizer companies soaring.
Read more
COLUMN-For how long will Glencore hold its zinc capacity cuts?: Andy Home
LONDON, Aug 30 (Reuters) - It's been nearly a year since
Glencore announced it was mothballing half a million
tonnes of mined zinc capacity.
Read more
Glencore announced it was mothballing half a million
tonnes of mined zinc capacity.
Read more
UPDATE 1-Iran plans first phase of oil deal tenders from Sept - SHANA
BEIRUT, Aug 30 (Reuters) - Iran plans to hold an oil and gas
bidding round for foreign firms from late September, Ali Kardor,
managing director of the National Iranian Oil Company (NIOC),
was quoted as saying by the oil ministry's news agency SHANA on
Tuesday.
Read more
bidding round for foreign firms from late September, Ali Kardor,
managing director of the National Iranian Oil Company (NIOC),
was quoted as saying by the oil ministry's news agency SHANA on
Tuesday.
Read more
UPDATE 1-India may auction diamond mine abandoned by Rio Tinto
* Mines agency says will talk to parties interested in
Bunder
(Adds details about spending, environmental issues)
Read more
Bunder
(Adds details about spending, environmental issues)
Read more
VW reviews its procurement strategy in wake of supplier dispute
HAMBURG, Aug 30 (Reuters) - Volkswagen is
reviewing its supplier and procurement strategy to avoid another
crippling dispute like the one that caused production slowdowns
and even stoppages at six plants this month, Chief Executive
Matthias Mueller said.
Read more
reviewing its supplier and procurement strategy to avoid another
crippling dispute like the one that caused production slowdowns
and even stoppages at six plants this month, Chief Executive
Matthias Mueller said.
Read more
Rheinmetall eyes savings from defence, automotive overlaps
DUESSELDORF, Germany, Aug 30 (Reuters) - Germany's
Rheinmetall aims to cut costs by 2018 by doing away
with duplicate functions and structures at its automotive and
defence divisions, according to Chief Executive Armin Papperger.
Read more
Rheinmetall aims to cut costs by 2018 by doing away
with duplicate functions and structures at its automotive and
defence divisions, according to Chief Executive Armin Papperger.
Read more
Monday, August 29, 2016
UPDATE 1-Trade dispute, policy divisions hang over Trudeau trip to China
OTTAWA, Aug 29 (Reuters) - Canadian Prime Minister Justin
Trudeau will visit Beijing this week seeking deeper ties with
China but a trade dispute, government divisions over China
policy and the case of a detained citizen could limit his gains.
Read more
Trudeau will visit Beijing this week seeking deeper ties with
China but a trade dispute, government divisions over China
policy and the case of a detained citizen could limit his gains.
Read more
Investigation finds Samarco dam failed due to liquefaction
BELO HORIZONTE, Brazil, Aug 29 (Reuters) - An investigation
launched by Brazilian miner Samarco, and its owners Vale SA
and BHP Billiton, into the cause of a dam
spill last November found the dam collapsed due to liquefaction,
a presentation said on Monday.
Read more
launched by Brazilian miner Samarco, and its owners Vale SA
and BHP Billiton, into the cause of a dam
spill last November found the dam collapsed due to liquefaction,
a presentation said on Monday.
Read more
White House says it sees a path to approval of Pacific trade deal
WASHINGTON, Aug 29 (Reuters) - The White House on Monday
said it was hopeful it could win congressional approval of the
Trans-Pacific Partnership trade pact before President Barack
Obama leaves office, and warned that failing to do so would
undermine U.S. leadership in the region.
Read more
said it was hopeful it could win congressional approval of the
Trans-Pacific Partnership trade pact before President Barack
Obama leaves office, and warned that failing to do so would
undermine U.S. leadership in the region.
Read more
UPDATE 1-Canada's Ivanhoe Mines gets unsolicited interest, to hire bankers
Aug 29 (Reuters) - Canadian copper miner Ivanhoe Mines Ltd
said on Monday that companies from Asia, Europe, Africa
and elsewhere had expressed interest in the company and its
projects in recent months.
Read more
said on Monday that companies from Asia, Europe, Africa
and elsewhere had expressed interest in the company and its
projects in recent months.
Read more
Less haze this year, Indonesia promises
JAKARTA, Aug 29 (Reuters) - Indonesia's Disaster Agency said
it is confident the country's forest fires and haze of toxic
smoke they send over Southeast Asia are unlikely to reach levels
seen in 2015 because of favourable weather conditions and a
quicker emergency response.
Read more
it is confident the country's forest fires and haze of toxic
smoke they send over Southeast Asia are unlikely to reach levels
seen in 2015 because of favourable weather conditions and a
quicker emergency response.
Read more
Trade dispute, policy divisions hang over Trudeau trip to China
OTTAWA, Aug 29 (Reuters) - Canadian Prime Minister Justin
Trudeau visits Beijing this week seeking deeper ties with China
but a dispute over canola exports, government divisions over
China policy and the case of a detained citizen look set to
limit his gains.
Read more
Trudeau visits Beijing this week seeking deeper ties with China
but a dispute over canola exports, government divisions over
China policy and the case of a detained citizen look set to
limit his gains.
Read more
UPDATE 2-Chinese-owned Zhongwang USA to buy aluminum products maker Aleris
Aug 29 (Reuters) - Zhongwang USA LLC, a division of China's
Zhongwang International Group Ltd., said on Monday it would buy
U.S.-based aluminum rolled products maker Aleris Corp
from a fund group in a $2.33 billion deal.
Read more
Zhongwang International Group Ltd., said on Monday it would buy
U.S.-based aluminum rolled products maker Aleris Corp
from a fund group in a $2.33 billion deal.
Read more
CORRECTED-Zhongwang USA to buy aluminum products maker Aleris
Aug 29 (Reuters) - Aleris Corp, a U.S.-based
aluminum rolled products maker, said it would be bought by
Zhongwang USA LLC, a unit of Zhongwang International Group Ltd,
in a $2.33 billion deal.
Read more
aluminum rolled products maker, said it would be bought by
Zhongwang USA LLC, a unit of Zhongwang International Group Ltd,
in a $2.33 billion deal.
Read more
UPDATE 1-China's parliament proposes new environmental tax benefits -state media
BEIJING, Aug 29 (Reuters) - China's parliament has proposed
increasing tax benefits for companies that cut pollution by more
than the national standard, state media reported on Monday, the
first details of a much-anticipated new code aimed at curbing
the country's emissions.
Read more
increasing tax benefits for companies that cut pollution by more
than the national standard, state media reported on Monday, the
first details of a much-anticipated new code aimed at curbing
the country's emissions.
Read more
Canada's Ivanhoe Mines gets unsolicited interest, to hire bankers
Aug 29 (Reuters) - Canadian copper miner Ivanhoe Mines Ltd
said on Monday that companies from Asia, Europe, Africa
and elsewhere had expressed interest in the company and its
projects in recent months.
Read more
said on Monday that companies from Asia, Europe, Africa
and elsewhere had expressed interest in the company and its
projects in recent months.
Read more
UPDATE 1-Russian diamond miner Alrosa's second-quarter sales tumble 21 pct q/q
* Says Russia to cancel rough diamonds export duty
(Adds details, analyst comment, context)
Read more
(Adds details, analyst comment, context)
Read more
UPDATE 1-Malaysia's Felda Global Ventures posts 35 percent rise in profit
KUALA LUMPUR, Aug 29 (Reuters) - Felda Global Ventures
, the world's third-largest palm plantation operator,
reported a 35 percent rise in second-quarter earnings, supported
by stronger crude palm oil production following measures to
boost fruit yields.
Read more
, the world's third-largest palm plantation operator,
reported a 35 percent rise in second-quarter earnings, supported
by stronger crude palm oil production following measures to
boost fruit yields.
Read more
As Beijing aims for blue skies over G20, China's steel mills get unexpected boost
SHANGHAI, Aug 29 (Reuters) - When Beijing ordered hundreds
of industrial plants to close ahead of China's first-ever G20
summit next week, the government wanted to spruce up the host
city of Hangzhou and ensure world leaders would gather under
clear blue skies.
Read more
of industrial plants to close ahead of China's first-ever G20
summit next week, the government wanted to spruce up the host
city of Hangzhou and ensure world leaders would gather under
clear blue skies.
Read more
Sunday, August 28, 2016
UPDATE 1-Peru lifts growth forecasts as mines boost output
LIMA, Aug 28 (Reuters) - Peru's economy is set to grow 4
percent this year and 4.8 percent next year, the government said
on Sunday in its first set of forecasts since taking power in
July, raising estimates on an expected boost from new mines.
Read more
percent this year and 4.8 percent next year, the government said
on Sunday in its first set of forecasts since taking power in
July, raising estimates on an expected boost from new mines.
Read more
EDF chief urges Britain to give go-ahead to nuclear plant
LONDON, Aug 28 (Reuters) - The head of EDF Energy
has urged the British government to approve the Hinkley Point C
nuclear power project, an explict appeal by the French energy
giant ahead of a decision due within weeks.
Read more
has urged the British government to approve the Hinkley Point C
nuclear power project, an explict appeal by the French energy
giant ahead of a decision due within weeks.
Read more
L'Aquila is grim reminder of struggle facing Italy's quake-hit towns
L'AQUILA, Italy, Aug 28 (Reuters) - Seven years after being
devastated by an earthquake that killed more than 300 people,
L'Aquila's abandoned city centre is a stark reminder of the
struggle facing Italian towns hit by a quake last week.
Read more
devastated by an earthquake that killed more than 300 people,
L'Aquila's abandoned city centre is a stark reminder of the
struggle facing Italian towns hit by a quake last week.
Read more
UPDATE 3-Scandal-hit Gupta family says plans to sell South African holdings
* Gupta businesses range from media to mining
(Adds additional comment by Guptas, family spokesman)
Read more
(Adds additional comment by Guptas, family spokesman)
Read more
Saturday, August 27, 2016
Iran detects malware in petrochemical plants, says not linked to recent fires
DUBAI, Aug 27 (Reuters) - Iran has detected and removed
malicious software from two of its petrochemical complexes, a
senior military official said on Saturday, after announcing last
week it was investigating whether recent petrochemical fires
were caused by cyber attacks.
Read more
malicious software from two of its petrochemical complexes, a
senior military official said on Saturday, after announcing last
week it was investigating whether recent petrochemical fires
were caused by cyber attacks.
Read more
Minnesota sets broadest U.S. limits on chemicals blamed for bee declines
Aug 26 (Reuters) - Minnesota's governor on Friday ordered
the broadest restrictions yet in a U.S. state on the use of
agricultural pesticides that have been blamed for hurting bees,
fueling concerns that farmers there will not be able to protect
crops from insects.
Read more
the broadest restrictions yet in a U.S. state on the use of
agricultural pesticides that have been blamed for hurting bees,
fueling concerns that farmers there will not be able to protect
crops from insects.
Read more
UPDATE 2-Bolivian miners lift roadblock after deputy minister beaten to death
LA PAZ, Aug 26 (Reuters) - Protesting Bolivian miners on
Friday abandoned a roadblock where a day earlier they kidnapped
a government deputy minister, who was later found beaten to
death.
Read more
Friday abandoned a roadblock where a day earlier they kidnapped
a government deputy minister, who was later found beaten to
death.
Read more
UPDATE 1-Venezuela says signs $5.5 bln mining deals with companies
CARACAS, Aug 26 (Reuters) - Venezuela has signed over $5.5
billion in mining deals with companies including Canada's
Barrick Gold Corp and China's Shandong Gold, President
Nicolas Maduro said on Friday.
Read more
billion in mining deals with companies including Canada's
Barrick Gold Corp and China's Shandong Gold, President
Nicolas Maduro said on Friday.
Read more
Friday, August 26, 2016
Sri Lankan rupee edges up on foreign bank dollar sales
COLOMBO, Aug 26 (Reuters) - The Sri Lankan rupee ended
stronger on Friday as dollar sales by a foreign bank outpaced
importer demand for the greenback, dealers said.
Read more
stronger on Friday as dollar sales by a foreign bank outpaced
importer demand for the greenback, dealers said.
Read more
Bolivian miners lift roadblock after official beaten to death
LA PAZ, Aug 26 (Reuters) - Bolivian miners accused of
beating a government official to death lifted the roadblock
where violent protests had taken place this week, with President
Evo Morales calling Friday a day of "deep pain" for the country.
Read more
beating a government official to death lifted the roadblock
where violent protests had taken place this week, with President
Evo Morales calling Friday a day of "deep pain" for the country.
Read more
COLUMN-What do surging LME copper stocks say about China? Andy Home
LONDON, Aug 26 (Reuters) - A wave of copper is currently
washing up in London Metal Exchange (LME) warehouses.
Read more
washing up in London Metal Exchange (LME) warehouses.
Read more
UPDATE 1-Foreign seed firms team up to oppose new India GM crop rules
NEW DELHI, Aug 26 (Reuters) - Major international seed
companies formed an alliance on Friday to oppose a proposal by
India that would force them to share their genetically modified
crop technology with local players.
Read more
companies formed an alliance on Friday to oppose a proposal by
India that would force them to share their genetically modified
crop technology with local players.
Read more
Foreign seed firms form alliance to protest India regulation
NEW DELHI, Aug 26 (Reuters) - Major international seed
companies formed an alliance on Friday to protest against
India's moves to toughen regulation, executives said on Friday,
reacting to proposals that foresee the compulsory licensing of
genetically modified crops.
Read more
companies formed an alliance on Friday to protest against
India's moves to toughen regulation, executives said on Friday,
reacting to proposals that foresee the compulsory licensing of
genetically modified crops.
Read more
India should let market to determine seed prices -foreign seed firms' alliance
NEW DELHI, Aug 26 (Reuters) - An official from the newly
formed alliance of major international seed companies in India
said on Friday that market should determine prices of seeds
rather than regulatory mechanism.
Read more
formed alliance of major international seed companies in India
said on Friday that market should determine prices of seeds
rather than regulatory mechanism.
Read more
Thursday, August 25, 2016
China, U.S. still in talks on trade pact despite challenges - Chinese commerce official
BEIJING, Aug 26 (Reuters) - China and the United States are
still in frequent discussion about a bilateral trade pact,
despite a challenging global trade environment, a Chinese
commerce official said on Thursday.
Read more
still in frequent discussion about a bilateral trade pact,
despite a challenging global trade environment, a Chinese
commerce official said on Thursday.
Read more
UPDATE 3-China raps Ottawa as dispute over Canada canola exports deepens
OTTAWA, Aug 25 (Reuters) - A dispute over C$2 billion ($1.55
billion) worth of Canadian canola exports to China intensified
on Thursday when Beijing criticized Ottawa's insistence that
bilateral relations could not improve until the matter is
settled.
Read more
billion) worth of Canadian canola exports to China intensified
on Thursday when Beijing criticized Ottawa's insistence that
bilateral relations could not improve until the matter is
settled.
Read more
UPDATE 1-LyondellBasell retains bank for potential Houston refinery sale -sources
NEW YORK/HOUSTON, Aug 25 (Reuters) - LyondellBasell
Industries NV has retained Bank of America Merrill Lynch
to help with the potential sale of its 263,776
barrel-per-day refinery in Houston, according to two people
familiar with the talks.
Read more
Industries NV has retained Bank of America Merrill Lynch
to help with the potential sale of its 263,776
barrel-per-day refinery in Houston, according to two people
familiar with the talks.
Read more
European shares end lower on weaker miners and drugmakers
MILAN, Aug 25 (Reuters) - European equities fell on
Thursday, dragged down by weaker miners and drugmakers, with
investors cutting their exposure to riskier assets ahead of a
key speech by Federal Reserve Chair Janet Yellen on Friday.
Read more
Thursday, dragged down by weaker miners and drugmakers, with
investors cutting their exposure to riskier assets ahead of a
key speech by Federal Reserve Chair Janet Yellen on Friday.
Read more
Indonesia fire arrests jump amid efforts to stop haze
JAKARTA, Aug 25 (Reuters) - Indonesian police have arrested
more than double the number of individuals in forest fire cases
this year compared with 2015, when large parts of the region
were blanketed in choking smog from fires that caused a national
crisis.
Read more
more than double the number of individuals in forest fire cases
this year compared with 2015, when large parts of the region
were blanketed in choking smog from fires that caused a national
crisis.
Read more
Britain's FTSE retreats as pharma stocks fall
* CRH rises after results
(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 1-GM mustard clears hurdle in India but more remain
* Final decision needed by minister; opposition likely
(Adds companies' news conference called on Indian regulation,
para 7)
Read more
(Adds companies' news conference called on Indian regulation,
para 7)
Read more
Aluminium producer Chalco's H1 net profit up sharply on price recovery
SINGAPORE, Aug 25 (Reuters) - Aluminum Corporation of China
Ltd (Chalco) posted a sharp rise
in profit in the first half of the year due to a general
recovery in aluminium prices, the company said on Thursday.
Read more
Ltd (Chalco) posted a sharp rise
in profit in the first half of the year due to a general
recovery in aluminium prices, the company said on Thursday.
Read more
India government panel clears GM mustard but hurdles remain -sources
NEW DELHI, Aug 25 (Reuters) - A government panel has cleared
commercial use of what would be India's first genetically
modified (GM) food crop, but the political establishment will
still have to give final approvals amid wide-spread public
opposition to the technology.
Read more
commercial use of what would be India's first genetically
modified (GM) food crop, but the political establishment will
still have to give final approvals amid wide-spread public
opposition to the technology.
Read more
European shares pull back, weighed down by pharma, miners
MILAN, Aug 25 (Reuters) - European shares fell on Thursday,
weighed down by losses among pharma and mining sector stocks,
while firms such as Sunrise and Ahold were lifted by well
received earning updates.
Read more
weighed down by losses among pharma and mining sector stocks,
while firms such as Sunrise and Ahold were lifted by well
received earning updates.
Read more
U.N. Security Council must act over Syria chemical use - France
PARIS, Aug 25 (Reuters) - France's foreign minister said on
Thursday the Security Council had to respond firmly after a U.N.
probe found that Syrian government troops were responsible for
two toxic gas attacks.
Read more
Thursday the Security Council had to respond firmly after a U.N.
probe found that Syrian government troops were responsible for
two toxic gas attacks.
Read more
Brexit takes deeper toll on German business morale-Ifo economist
BERLIN, Aug 25 (Reuters) - Britain's vote to leave the
European Union weighed on German business morale in August more
heavily than previously, with orders in the chemicals and auto
industry particularly subdued, Ifo economist Klaus Wohlrabe told
Reuters on Thursday.
Read more
European Union weighed on German business morale in August more
heavily than previously, with orders in the chemicals and auto
industry particularly subdued, Ifo economist Klaus Wohlrabe told
Reuters on Thursday.
Read more
Mounting losses, delisting drive Chongqing Steel out of steel sector
SHANGHAI, Aug 25 (Reuters) - China's debt-ridden Chongqing
Iron and Steel is drawing up radical restructuring
plans that will see the firm exit the steel industry and shift
its focus to more lucrative sectors like finance, it said on
Thursday.
Read more
Iron and Steel is drawing up radical restructuring
plans that will see the firm exit the steel industry and shift
its focus to more lucrative sectors like finance, it said on
Thursday.
Read more
Wednesday, August 24, 2016
Spring rain for Australia's north to hold cattle prices high
SYDNEY, Aug 25 (Reuters) - Australia's north is forecast to
receive above average rainfall over the next three months, the
country's weather bureau said on Thursday, boosting cattle
herds.
Read more
receive above average rainfall over the next three months, the
country's weather bureau said on Thursday, boosting cattle
herds.
Read more
Nippon Steel seeks advisers for split of Brazil's Usiminas, sources say
SAO PAULO, Aug 24 (Reuters) - Nippon Steel and Sumitomo
Metal Corp is working on a plan to split Usinas
Siderúrgicas de Minas Gerais SA (Usiminas) into two
separate units, in a last ditch attempt to end a two-year battle
with Techint Group for control of the Brazilian steelmaker, two
people familiar with the matter said on Wednesday.
Read more
Metal Corp is working on a plan to split Usinas
Siderúrgicas de Minas Gerais SA (Usiminas) into two
separate units, in a last ditch attempt to end a two-year battle
with Techint Group for control of the Brazilian steelmaker, two
people familiar with the matter said on Wednesday.
Read more
Britain's FTSE underperforms European peers, miners hinder
LONDON, Aug 24 (Reuters) - Britain's blue-chip share index
retreated on Wednesday, underperforming its European peers, as a
sharp drop in metals prices put pressure on the mining sector
and South Africa-exposed stocks fell as the rand slipped.
Read more
retreated on Wednesday, underperforming its European peers, as a
sharp drop in metals prices put pressure on the mining sector
and South Africa-exposed stocks fell as the rand slipped.
Read more
UPDATE 2-Polish chemicals company Azoty scales down 2016 CAPEX target
WARSAW, Aug 24 (Reuters) - Grupa Azoty, Poland's
largest chemicals maker, has cut its 2016 capital expenditure
target by 20 percent to 1.6 billion zlotys ($420 million) after
its second quarter profit fell more than expected.
Read more
largest chemicals maker, has cut its 2016 capital expenditure
target by 20 percent to 1.6 billion zlotys ($420 million) after
its second quarter profit fell more than expected.
Read more
COLUMN-Global aluminium production is falling, but for how long? Andy Home
LONDON, Aug 24 (Reuters) - Global aluminium production fell
by 1.2 percent to 33.12 million tonnes in the first seven months
of this year, according to the International Aluminium Institute
(IAI).
Read more
by 1.2 percent to 33.12 million tonnes in the first seven months
of this year, according to the International Aluminium Institute
(IAI).
Read more
Tuesday, August 23, 2016
Australia sees upturn in public investment, home building booms
SYDNEY, Aug 24 (Reuters) - Australia is finally enjoying a
long-awaited recovery in government investment as spending on
public works expanded at a double-digit pace last quarter to hit
the highest in more than two years.
Read more
long-awaited recovery in government investment as spending on
public works expanded at a double-digit pace last quarter to hit
the highest in more than two years.
Read more
UPDATE 2-France's DCNS, builder of Australia's new submarines, suffers huge data leak
SYDNEY, Aug 24 (Reuters) - The French shipbuilder which
earlier this year won a A$50 billion ($38.06 billion) contract
to build Australia's next generation of submarines has suffered
a massive data leak, raising doubts about the security of one of
the world's biggest defence projects.
Read more
earlier this year won a A$50 billion ($38.06 billion) contract
to build Australia's next generation of submarines has suffered
a massive data leak, raising doubts about the security of one of
the world's biggest defence projects.
Read more
France's DCNS, builder of Australia's new submarines, suffers huge data leak
SYDNEY, Aug 24 (Reuters) - The French shipbuilder which
earlier this year won a A$50 billion ($38.06 billion) contract
to build Australia's next generation submarines has suffered a
massive data leak, raising doubts about the security of one of
the world's biggest defence projects.
Read more
earlier this year won a A$50 billion ($38.06 billion) contract
to build Australia's next generation submarines has suffered a
massive data leak, raising doubts about the security of one of
the world's biggest defence projects.
Read more
U.S. Senate Judiciary Committee to hold hearing on ag chemical deals
WASHINGTON, Aug 23 (Reuters) - The U.S. Senate Judiciary
Committee will hold a hearing in late September to discuss the
mergers of Dow Chemical Co and Dupont Co as well
as China National Chemical Corp's purchase of
Syngenta AG, committee chair Charles Grassley said in a
statement on Tuesday.
Read more
Committee will hold a hearing in late September to discuss the
mergers of Dow Chemical Co and Dupont Co as well
as China National Chemical Corp's purchase of
Syngenta AG, committee chair Charles Grassley said in a
statement on Tuesday.
Read more
UPDATE 1-Rusoro says awarded $1.2 bln over Venezuelan seizure of gold assets
TORONTO, Aug 23 (Reuters) - Canada's Rusoro Mining Ltd
said on Tuesday it has been awarded more than $1.2
billion by a World Bank tribunal that ruled Venezuela had
unlawfully seized the company's gold assets four years ago.
Read more
said on Tuesday it has been awarded more than $1.2
billion by a World Bank tribunal that ruled Venezuela had
unlawfully seized the company's gold assets four years ago.
Read more
CANADA STOCKS-TSX rises to 1-week high as bank earnings support financials
TORONTO, Aug 23 (Reuters) - Canada's main stock index rose
to a one-week high on Tuesday, led by financial shares after one
of the country's major banks reported better-than-expected
earnings, while lower oil prices weighed on energy stocks.
Read more
to a one-week high on Tuesday, led by financial shares after one
of the country's major banks reported better-than-expected
earnings, while lower oil prices weighed on energy stocks.
Read more
South Africa and ArcelorMittal forge steel pricing agreement
CAPE TOWN, Aug 23 (Reuters) - ArcelorMittal's South
African business and the country's government have agreed a new
pricing model aimed at bolstering the domestic steel sector and
reviving the economy.
Read more
African business and the country's government have agreed a new
pricing model aimed at bolstering the domestic steel sector and
reviving the economy.
Read more
Sri Lankan rupee ends steady; importer dollar demand weighs on mkt
COLOMBO, Aug 23 (Reuters) - The Sri Lankan rupee ended
steady for a seventh straight session on Tuesday, with dealers
hesitating to trade in the local currency below 145.50 per
dollar in anticipation of central bank intervention to defend
the currency, dealers said.
Read more
steady for a seventh straight session on Tuesday, with dealers
hesitating to trade in the local currency below 145.50 per
dollar in anticipation of central bank intervention to defend
the currency, dealers said.
Read more
WIDER IMAGE-World's largest cemetery grows bigger as Shi'ite militias bury their dead
BAGHDAD, Aug 23 (Reuters) - The world's largest cemetery, in
Iraq's Shi'ite holy city of Najaf, is expanding at double its
usual rate as the nation's death rate increased with the war on
Islamic State.
Read more
Iraq's Shi'ite holy city of Najaf, is expanding at double its
usual rate as the nation's death rate increased with the war on
Islamic State.
Read more
UPDATE 1-Gas leak from Bangladesh fertilizer plant sickens 100 people
DHAKA, Aug 23 (Reuters) - More than 100 people fell ill in
Bangladesh after inhaling gas that leaked from a fertilizer
factory in the port town of Chittagong, officials said on
Tuesday.
Read more
Bangladesh after inhaling gas that leaked from a fertilizer
factory in the port town of Chittagong, officials said on
Tuesday.
Read more
China refiners, petrochemical companies to propose CO2 benchmarking plan
BEIJING, Aug 23 (Reuters) - China's oil refining,
petrochemical and chemical companies will propose a plan to
benchmark their carbon dioxide (CO2) emissions as the first step
toward setting up an emissions market for the sector, the
group's industry association said on Tuesday.
Read more
petrochemical and chemical companies will propose a plan to
benchmark their carbon dioxide (CO2) emissions as the first step
toward setting up an emissions market for the sector, the
group's industry association said on Tuesday.
Read more
Britain's FTSE buoyed by resilient Persimmon
LONDON, Aug 23 (Reuters) - Britain's leading share index
rose on Tuesday, helped by a rise in housebuilders after strong
results from Persimmon suggested that the sector was
coping with the uncertainty from Britain's vote to leave the
European Union.
Read more
rose on Tuesday, helped by a rise in housebuilders after strong
results from Persimmon suggested that the sector was
coping with the uncertainty from Britain's vote to leave the
European Union.
Read more
Volkswagen says production to resume as deal struck with suppliers
HAMBURG, Aug 23 (Reuters) - Volkswagen said on
Tuesday that the two auto parts suppliers with which it has been
at loggerheads over a contract dispute had agreed to start
delivering parts again and that the affected plants would
gradually resume production.
Read more
Tuesday that the two auto parts suppliers with which it has been
at loggerheads over a contract dispute had agreed to start
delivering parts again and that the affected plants would
gradually resume production.
Read more
REFILE-Gas leaks from Bangladesh fertilizer plant, 50 people ill
DHAKA, Aug 23 (Reuters) - About 50 people fell ill in
Bangladesh after inhaling gas that leaked from a fertilizer
factory in the port town of Chittagong, an official said on
Tuesday.
Read more
Bangladesh after inhaling gas that leaked from a fertilizer
factory in the port town of Chittagong, an official said on
Tuesday.
Read more
Monday, August 22, 2016
UPDATE 1-VW, suppliers struggle to resolve dispute in marathon talks
* VW needs to trim Golf output on falling demand -analyst
(Adds analyst comment, detail and background)
Read more
(Adds analyst comment, detail and background)
Read more
VW, suppliers struggle to resolve dispute in marathon talks
BERLIN, Aug 23 (Reuters) - Volkswagen and two of
its auto parts suppliers were pushing to resolve a contract
dispute early on Tuesday, spokespeople said, but had no progress
to report despite marathon talks as the conflict threatens to
cost the carmaker thousands of vehicles in lost output this
week.
Read more
its auto parts suppliers were pushing to resolve a contract
dispute early on Tuesday, spokespeople said, but had no progress
to report despite marathon talks as the conflict threatens to
cost the carmaker thousands of vehicles in lost output this
week.
Read more
UPDATE 1-China's state construction giants to merge
* Is part of China's plans to create globally competitive
MNCs
(Adds details of planned deal, background)
Read more
MNCs
(Adds details of planned deal, background)
Read more
CANADA STOCKS-TSX up despite commodity weakness; Couche-Tard, Valeant jump
TORONTO, Aug 22 (Reuters) - Canada's main stock index rose
on Monday as Alimentation Couche-Tard Inc jumped after the
convenience store operator bought a U.S. chain in an expansion
move and drugmaker Valeant Pharmaceuticals rose after it hired a
new chief financial officer.
Read more
on Monday as Alimentation Couche-Tard Inc jumped after the
convenience store operator bought a U.S. chain in an expansion
move and drugmaker Valeant Pharmaceuticals rose after it hired a
new chief financial officer.
Read more
Weaker commodity-related stocks push FTSE to 2-week low
LONDON, Aug 22 (Reuters) - Britain's top share index slipped
to its lowest level in nearly two weeks on Monday, with
commodity-related stocks leading the market lower following a
drop in metals and crude oil prices.
Read more
to its lowest level in nearly two weeks on Monday, with
commodity-related stocks leading the market lower following a
drop in metals and crude oil prices.
Read more
LME slashes ring dealing fees in half for August
LONDON, Aug 22 (Reuters) - The London Metal Exchange (LME)
has slashed trading fees in half for open outcry trades during
August as a goodwill gesture after it had to vacate its premises
due to structural problems, it said on Monday.
Read more
has slashed trading fees in half for open outcry trades during
August as a goodwill gesture after it had to vacate its premises
due to structural problems, it said on Monday.
Read more
UPDATE 1-LME cuts ring dealing fees in half for August
LONDON, Aug 22 (Reuters) - The London Metal Exchange (LME)
has cut fees in half for open outcry trades during August as a
goodwill gesture after it had to vacate its premises because of
structural problems, it said on Monday.
Read more
has cut fees in half for open outcry trades during August as a
goodwill gesture after it had to vacate its premises because of
structural problems, it said on Monday.
Read more
COLUMN-Tin mining - Cornish dreams and Myanmar reality: Andy Home
LONDON, Aug 22 (Reuters) - Hope springs eternal in Cornwall
when it comes to reviving tin mining in this southwestern corner
of the United Kingdom.
Read more
when it comes to reviving tin mining in this southwestern corner
of the United Kingdom.
Read more
CANADA STOCKS-TSX falls on commodity weakness; Couche-Tard jumps
TORONTO, Aug 22 (Reuters) - Canada's main stock index fell
on Monday as lower oil and metal prices weighed on energy and
mining stocks, while Alimentation Couche-Tard Inc
jumped after the convenience store operator bought a U.S. chain
in an expansion move.
Read more
on Monday as lower oil and metal prices weighed on energy and
mining stocks, while Alimentation Couche-Tard Inc
jumped after the convenience store operator bought a U.S. chain
in an expansion move.
Read more
RPT-COLUMN-Fortescue, Bluescope success shows why iron, steel prices will stay low: Russell
LAUNCESTON, Australia, Aug 22 (Reuters) - A year ago it's
likely you would have got better odds that Fortescue Metals
Group and Bluescope Steel would go under rather than double
profits, given the dire outlook for both iron ore and steel
products at that time.
Read more
likely you would have got better odds that Fortescue Metals
Group and Bluescope Steel would go under rather than double
profits, given the dire outlook for both iron ore and steel
products at that time.
Read more
Russian EconMin: govt "to do its best" to privatise Rosneft in 2016
SHCHETINKA, Russia, Aug 22 (Reuters) - Russia's government
should do its best to privatise a stake in the nation's largest
oil producer Rosneft this year, Russian Economy
Minister Alexei Ulyukayev said on Monday.
Read more
should do its best to privatise a stake in the nation's largest
oil producer Rosneft this year, Russian Economy
Minister Alexei Ulyukayev said on Monday.
Read more
Pakistan shares close lower; rupee weaker, o/n rates rise
KARACHI, Aug 22 (Reuters) - Pakistan shares closed lower on
Monday as investors took a cautious stance after outflow of
foreign portfolio investment in the last session, dealers said.
Read more
Monday as investors took a cautious stance after outflow of
foreign portfolio investment in the last session, dealers said.
Read more
German exports to Iran soar in H1 after removal of sanctions
BERLIN, Aug 22 (Reuters) - German exports to Iran, mostly
machines and equipment, jumped in the first half of the year
following the removal of international sanctions against the
Islamic Republic, official trade data showed on Monday.
Read more
machines and equipment, jumped in the first half of the year
following the removal of international sanctions against the
Islamic Republic, official trade data showed on Monday.
Read more
RPT-Promised prosperity never arrived in Russian-held Crimea, locals say
ARMYANSK, Crimea, Aug 21 (Reuters) - More than two years
after Russia annexed Crimea and promised its 2 million people a
better life, residents say prices have soared, wages and
pensions have stagnated and tourists have fled.
Read more
after Russia annexed Crimea and promised its 2 million people a
better life, residents say prices have soared, wages and
pensions have stagnated and tourists have fled.
Read more
Sunday, August 21, 2016
REFILE-UPDATE 2-Iron ore miner Fortescue eyes dividend rise as profit leaps
SYDNEY, Aug 22 (Reuters) - Australia's Fortescue Metals
Group Ltd, the world No. 4 iron ore producer, reported
a tripling of its annual net profit on Monday to nearly $1
billion and said it could shoulder a big jump in future dividend
payouts.
Read more
Group Ltd, the world No. 4 iron ore producer, reported
a tripling of its annual net profit on Monday to nearly $1
billion and said it could shoulder a big jump in future dividend
payouts.
Read more
U.S. watchdog clears ChemChina takeover of Syngenta
ZURICH, Aug 22 (Reuters) - A U.S. regulator has cleared
ChemChina's blockbuster takeover of Swiss pesticides and seeds
group Syngenta, the companies said on Monday.
Read more
ChemChina's blockbuster takeover of Swiss pesticides and seeds
group Syngenta, the companies said on Monday.
Read more
UPDATE 1-U.S. watchdog clears ChemChina takeover of Syngenta
ZURICH, Aug 22 (Reuters) - A U.S. regulator has cleared
ChemChina's $43 billion takeover of Swiss pesticides and seeds
group Syngenta, the companies said on Monday.
Read more
ChemChina's $43 billion takeover of Swiss pesticides and seeds
group Syngenta, the companies said on Monday.
Read more
Tokyo Steel keeps prices unchanged for third month
TOKYO, Aug 22 (Reuters) - Tokyo Steel Manufacturing
, Japan's top electric arc furnace steelmaker, said on
Monday it would keep product prices unchanged for the third
month in September, reflecting a slow recovery in its local
market.
Read more
, Japan's top electric arc furnace steelmaker, said on
Monday it would keep product prices unchanged for the third
month in September, reflecting a slow recovery in its local
market.
Read more
Palm oil to average at 2,678 rgt/T in 2016 -Malaysia trade body
KUALA LUMPUR, Aug 22 (Reuters) - Crude palm oil prices are
seen averaging at 2,678 ringgit per tonne in 2016, up nearly 18
percent from last year, boosted by demand from top consumer
India and replenishment of stocks by China, according to the
Malaysian Palm Oil Council (MPOC).
Read more
seen averaging at 2,678 ringgit per tonne in 2016, up nearly 18
percent from last year, boosted by demand from top consumer
India and replenishment of stocks by China, according to the
Malaysian Palm Oil Council (MPOC).
Read more
China July unwrought copper and products exports surge- customs
BEIJING, Aug 22 (Reuters) - China's exports of unwrought
copper, including copper alloy products, stood at 75,022 tonnes
in July, a more-than-fivefold increase from the same month a
year earlier, Chinese customs data showed on Monday.
(Reporting by Josephine Mason; Editing by Paul Tait)
Read more
copper, including copper alloy products, stood at 75,022 tonnes
in July, a more-than-fivefold increase from the same month a
year earlier, Chinese customs data showed on Monday.
(Reporting by Josephine Mason; Editing by Paul Tait)
Read more
CORRECTED-China's Bohai Steel $28.9 billion debt plan to get local support - Caixin
BEIJING, Aug 21 (Reuters) - Bohai Steel Group, the indebted
state-owned conglomerate, may receive help from a local
government bailout fund to restructure its debts, the online
financial magazine Caixin said at the weekend.
Read more
state-owned conglomerate, may receive help from a local
government bailout fund to restructure its debts, the online
financial magazine Caixin said at the weekend.
Read more
Saturday, August 20, 2016
Colombia mulls bill to tackle mercury contamination from illegal gold mining
BOGOTA, Aug 19 (Thomson Reuters Foundation) - Opposition
lawmakers in Colombia have proposed a bill that aims to cut the
use of mercury and other toxic chemicals in illegal gold mining,
that has polluted rivers and blighted the ancestral lands of
indigenous tribes.
Read more
lawmakers in Colombia have proposed a bill that aims to cut the
use of mercury and other toxic chemicals in illegal gold mining,
that has polluted rivers and blighted the ancestral lands of
indigenous tribes.
Read more
Friday, August 19, 2016
CANADA STOCKS-TSX barely higher; lower metals prices weigh on miners
TORONTO, Aug 19 (Reuters) - Canada's main stock index was
barely higher on Friday, as gains for bank, consumer and railway
stocks offset declines for miners which fell on weaker metals
prices.
Read more
barely higher on Friday, as gains for bank, consumer and railway
stocks offset declines for miners which fell on weaker metals
prices.
Read more
Pakistan shares close lower; rupee steady, o/n rates rise
KARACHI, Aug 19 (Reuters) - Pakistan shares closed lower on
Friday, as cement and fertilizer stocks fell on reports the
government had cut the price of urea and on market talk that it
had abolished customs duty on cement imports, dealers said.
Read more
Friday, as cement and fertilizer stocks fell on reports the
government had cut the price of urea and on market talk that it
had abolished customs duty on cement imports, dealers said.
Read more
INVESTMENT FOCUS-Investors see British infrastructure getting stimulus boost after Brexit
LONDON, Aug 19 (Reuters) - UK infrastructure funds are
hitting record highs on the prospect of more government spending
after Britain's vote to leave the European Union, bolstered by
the view that the effectiveness of ultra-loose monetary policy
is reaching its limits.
Read more
hitting record highs on the prospect of more government spending
after Britain's vote to leave the European Union, bolstered by
the view that the effectiveness of ultra-loose monetary policy
is reaching its limits.
Read more
RPT-Peru's stealth rally upstages emerging market rivals
Aug 19 (Reuters) - Brazil and Argentina have seized the
emerging markets spotlight in recent months thanks to
investor-friendly political upheavals, but much smaller Peru is
quietly stealing the show.
Read more
emerging markets spotlight in recent months thanks to
investor-friendly political upheavals, but much smaller Peru is
quietly stealing the show.
Read more
Kalashnikov gunmaker opens store at Moscow's largest airport
MOSCOW, Aug 19 (Reuters) - Gunmaker Kalashnikov, whose AK-47
assault rifle has armed Russian forces for 70 years and been the
preferred weapon of insurgents across continents, has opened a
store at Moscow's Sheremetyevo airport selling souvenirs
including plastic model guns, the company said.
Read more
assault rifle has armed Russian forces for 70 years and been the
preferred weapon of insurgents across continents, has opened a
store at Moscow's Sheremetyevo airport selling souvenirs
including plastic model guns, the company said.
Read more
Zimbabwe's parched forests fall prey to new pests
HARARE, Aug 19 (Thomson Reuters Foundation) - Eucalyptus
trees, popularly known as gum trees, stand tall amid Zimbabwe's
forests. But those dotting the Harare-Beitbridge roadside, just
outside the capital, are in trouble, with their bark fraying
off.
Read more
trees, popularly known as gum trees, stand tall amid Zimbabwe's
forests. But those dotting the Harare-Beitbridge roadside, just
outside the capital, are in trouble, with their bark fraying
off.
Read more
RPT-Peru's stealth rally upstages emerging market rivals
Aug 19 (Reuters) - Brazil and Argentina have seized the
emerging markets spotlight in recent months thanks to
investor-friendly political upheavals, but much smaller Peru is
quietly stealing the show.
Read more
emerging markets spotlight in recent months thanks to
investor-friendly political upheavals, but much smaller Peru is
quietly stealing the show.
Read more
Thursday, August 18, 2016
RPT-COLUMN-Copper - a tale of two South American producers: Andy Home
LONDON, Aug 18 (Reuters) - Copper is underperforming every
other major base metal so far this year.
Read more
other major base metal so far this year.
Read more
RPT-China smelters face lowest fees in 4 yrs as zinc market tightens
MELBOURNE, Aug 18 (Reuters) - China's huge zinc smelting
industry has slashed its fees for turning ore concentrates into
refined metal by 20 percent as competition for dwindling global
mine output heats up, industry sources said this week.
Read more
industry has slashed its fees for turning ore concentrates into
refined metal by 20 percent as competition for dwindling global
mine output heats up, industry sources said this week.
Read more
UPDATE 1-Caterpillar to explore options for some mining products, cut jobs
Aug 18 (Reuters) - Caterpillar Inc said on Thursday
it would explore options, including a possible divestiture for
some of its mining products, and would stop taking orders for
machinery specific to underground soft rock mining.
Read more
it would explore options, including a possible divestiture for
some of its mining products, and would stop taking orders for
machinery specific to underground soft rock mining.
Read more
Britain's FTSE edges up, helped by miner rally
* Kingfisher, Kaz Minerals up after results
(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
Pakistan shares close lower; rupee steady, o/n rates flat
KARACHI, Aug 18 (Reuters) - Pakistan shares closed lower on
Thursday on foreign portfolio investment outflows and on
profit-taking, dealers said.
Read more
Thursday on foreign portfolio investment outflows and on
profit-taking, dealers said.
Read more
UPDATE 2-German residential building permits up 30 pct in first half
* Construction to support growth in coming months
(Adds criticism from German trade groups)
Read more
(Adds criticism from German trade groups)
Read more
COLUMN-Copper - a tale of two South American producers: Andy Home
LONDON, Aug 18 (Reuters) - Copper is underperforming every
other major base metal so far this year.
Read more
other major base metal so far this year.
Read more
REFILE-China smelters face lowest fees in 4 yrs as zinc market tightens
MELBOURNE, Aug 18 (Reuters) - China's huge zinc smelting
industry has slashed its fees for turning ore concentrates into
refined metal by 20 percent as competition for dwindling global
mine output heats up, industry sources said this week.
Read more
industry has slashed its fees for turning ore concentrates into
refined metal by 20 percent as competition for dwindling global
mine output heats up, industry sources said this week.
Read more
UPDATE 1-Mongolia raises interest rates in bid to stabilise tumbling currency
ULAANBAATAR, Aug 18 (Reuters) - Mongolia raised its
benchmark interest rates by 4.5 percentage points to 15 percent
on Thursday, the central bank said, as it struggles to stabilise
a currency that has been in free-fall.
Read more
benchmark interest rates by 4.5 percentage points to 15 percent
on Thursday, the central bank said, as it struggles to stabilise
a currency that has been in free-fall.
Read more
Wednesday, August 17, 2016
Top steel firms' debt level totals record $150 billion -EY
LONDON, Aug 18 (Reuters) - Debt in the world's top 30 steel
companies totals a record $150 billion, international
accountancy firm EY said on Thursday, adding governments' action
to support the sector would work only if matched with more
radical industry restructuring.
Read more
companies totals a record $150 billion, international
accountancy firm EY said on Thursday, adding governments' action
to support the sector would work only if matched with more
radical industry restructuring.
Read more
UPDATE 2-Monsanto gives Bayer limited access to its books -sources
* Bayer has no appetite to go hostile but talks difficult
-sources
(Adds Monsanto CEO comment)
Read more
-sources
(Adds Monsanto CEO comment)
Read more
UPDATE 1-Poland's KGHM H1 net below forecasts on foreign asset losses
WARSAW, Aug 17 (Reuters) - Poland's KGHM on
Wednesday reported a bigger than expected fall in net profit in
the first half of 2016 on the back of losses on its foreign
assets driven by rising costs and falling copper prices.
Read more
Wednesday reported a bigger than expected fall in net profit in
the first half of 2016 on the back of losses on its foreign
assets driven by rising costs and falling copper prices.
Read more
URGENT-U.S. ITC backs steel pipe and tube import duties
WASHINGTON, Aug 17 (Reuters) - The U.S. International Trade
Commission on Wednesday backed duties on imports of certain
carbon steel pipes and tubes from South Korea, Mexico and
Turkey, saying the imports were harming domestic producers.
Read more
Commission on Wednesday backed duties on imports of certain
carbon steel pipes and tubes from South Korea, Mexico and
Turkey, saying the imports were harming domestic producers.
Read more
Canada's Brookfield to buy Odebrecht Ambiental - source
PARIS, Aug 17 (Reuters) - Canada's Brookfield Asset
Management Inc has signed a preliminary contract to
buy Brazilian engineering conglomerate Grupo Odebrecht's 70
percent stake in water and sewage group Odebrecht Ambiental, an
industry source told Reuters on Wednesday.
Read more
Management Inc has signed a preliminary contract to
buy Brazilian engineering conglomerate Grupo Odebrecht's 70
percent stake in water and sewage group Odebrecht Ambiental, an
industry source told Reuters on Wednesday.
Read more
MIDEAST STOCKS-Saudi falls to four-month low, FTSE hopes support Qatar
DUBAI, Aug 17 (Reuters) - Most Middle Eastern stock markets
fell on Wednesday with Saudi Arabia hit by a broad sell-off, but
support for Qatar persisted on expectations of fund inflows when
index compiler FTSE includes it in its emerging market index
next month.
Read more
fell on Wednesday with Saudi Arabia hit by a broad sell-off, but
support for Qatar persisted on expectations of fund inflows when
index compiler FTSE includes it in its emerging market index
next month.
Read more
RPT-COLUMN-Is being a boring cash cow going to be enough for BHP?: Russell
LAUNCESTON, Australia, Aug 17 (Reuters) - While a record
loss is certain to grab media headlines, the real story about
BHP Billiton is far more sanguine as the company tries
to prove that boring is better.
Read more
loss is certain to grab media headlines, the real story about
BHP Billiton is far more sanguine as the company tries
to prove that boring is better.
Read more
Pakistan shares hit record high; rupee flat, o/n rates fall
KARACHI, Aug 17 (Reuters) - Pakistan shares closed at a
record high on Wednesday after a decision by the Pakistan Stock
Exchange Ltd to offer a stake in the bourse operator received
interest from as many as 17 investors, and on gains in refinery
stocks, dealers said.
Read more
record high on Wednesday after a decision by the Pakistan Stock
Exchange Ltd to offer a stake in the bourse operator received
interest from as many as 17 investors, and on gains in refinery
stocks, dealers said.
Read more
UPDATE 2-Balfour Beatty resumes dividend payments as recovery continues
Aug 17 (Reuters) - UK construction company Balfour Beatty
declared its first dividend for 18 months on Wednesday
and said it expected to boost margins to standard levels for the
sector over the next 24 months following a turbulent few years.
Read more
declared its first dividend for 18 months on Wednesday
and said it expected to boost margins to standard levels for the
sector over the next 24 months following a turbulent few years.
Read more
European shares stuck as results temper recent enthusiasm
LONDON, Aug 17 (Reuters) - European shares little changed in
early trading on Wednesday, with Austrian brickmaker
Wienerberger, Danish brewer Carlsberg and
UK insurer Admiral Group all sliding after publishing their
results.
Read more
early trading on Wednesday, with Austrian brickmaker
Wienerberger, Danish brewer Carlsberg and
UK insurer Admiral Group all sliding after publishing their
results.
Read more
Construction company Balfour Beatty restarts dividend
Aug 17 (Reuters) - Balfour Beatty Plc restarted
dividends with a 0.9 pence interim payment and said it expected
its business to reach industry-standard level margins over the
following 24 months, showing promise of sustained growth after a
turbulent few years.
Read more
dividends with a 0.9 pence interim payment and said it expected
its business to reach industry-standard level margins over the
following 24 months, showing promise of sustained growth after a
turbulent few years.
Read more
After years of pain, coal becomes one of the hottest commodities of 2016
SINGAPORE, Aug 17 (Reuters) - Less than a year after the
coal industry was declared to be in terminal decline, the fossil
fuel has staged its steepest price rally in over half a decade,
making it one of the hottest major commodities.
Read more
coal industry was declared to be in terminal decline, the fossil
fuel has staged its steepest price rally in over half a decade,
making it one of the hottest major commodities.
Read more
Tuesday, August 16, 2016
UPDATE 1-Maduro says Venezuela signs $4.5 bln in deals that include Canadian and U.S. miners
CARACAS, Aug 16 (Reuters) - President Nicolas Maduro said on
Tuesday that Venezuela had struck $4.5 billion in mining deals
with foreign and domestic companies, part of plan to lift the
OPEC nation's economy out of a deep recession causing food
shortages and social unrest.
Read more
Tuesday that Venezuela had struck $4.5 billion in mining deals
with foreign and domestic companies, part of plan to lift the
OPEC nation's economy out of a deep recession causing food
shortages and social unrest.
Read more
Maduro says Venezuela signs $4.5 bln mining deals, gives no details
CARACAS, Aug 16 (Reuters) - President Nicolas Maduro said on
Tuesday that Venezuela had signed $4.5 billion in mining deals
for investment in the South American country's southern mineral
belt, but did not say who the deals were with or for what
projects.
Read more
Tuesday that Venezuela had signed $4.5 billion in mining deals
for investment in the South American country's southern mineral
belt, but did not say who the deals were with or for what
projects.
Read more
CORRECTED-Lumber Liquidators wins ruling on cancer warnings, shares jump
Aug 16 (Reuters) - Lumber Liquidators Holdings Inc
said a California court ruled in its favor against claims that
it did not warn consumers about cancer-causing formaldehyde in
some of its flooring products.
Read more
said a California court ruled in its favor against claims that
it did not warn consumers about cancer-causing formaldehyde in
some of its flooring products.
Read more
UPDATE 1-Chile energy prices seen falling after massive auction
SANTIAGO, Aug 16 (Reuters) - The cost of energy in Chile is
likely to fall in the next decade, as an auction aimed at
providing around a third of the copper exporter's energy needs
had attracted bids priced more competitively than forecast, the
energy minister said.
Read more
likely to fall in the next decade, as an auction aimed at
providing around a third of the copper exporter's energy needs
had attracted bids priced more competitively than forecast, the
energy minister said.
Read more
Britain's FTSE slips from 14-month highs as UK inflation bites
LONDON, Aug 16 (Reuters) - Britain's top shares index
slipped from a 14-month high on Tuesday as higher-than-expected
UK inflation data weighed on the market.
Read more
slipped from a 14-month high on Tuesday as higher-than-expected
UK inflation data weighed on the market.
Read more
CANADA STOCKS-TSX falls as banks, natural resource companies weigh
TORONTO, Aug 16 (Reuters) - Canada's main stock index fell
on Tuesday, dragged lower by some mining and energy companies
despite the advance of gold and global oil prices.
Read more
on Tuesday, dragged lower by some mining and energy companies
despite the advance of gold and global oil prices.
Read more
Zinc deficit looms, prices up, but output restarts unlikely
LONDON, Aug 16 (Reuters) - Zinc's sharp rally and looming
market deficit has fed speculation that major producers such as
Glencore may reverse output cuts, but analysts caution that is
unlikely to happen soon.
Read more
market deficit has fed speculation that major producers such as
Glencore may reverse output cuts, but analysts caution that is
unlikely to happen soon.
Read more
Britain's FTSE retreats, though Antofagasta leads miners higher
LONDON, Aug 16 (Reuters) - UK shares slipped from a 14-month
high on Tuesday, though mining stocks rallied following a
well-received set of results from Antofagasta.
Read more
high on Tuesday, though mining stocks rallied following a
well-received set of results from Antofagasta.
Read more
UPDATE 1-Global miner BHP Billiton books record loss, sees good growth in 2017
* BHP sees rising cash flows, confident in long-term outlook
(Adds dividend, net debt, 2017 outlook)
Read more
(Adds dividend, net debt, 2017 outlook)
Read more
Australia shares trapped, NZ stocks edge lower
SYDNEY/WELLINGTON, Aug 16 (Reuters) - Australian shares
moved sideways on Tuesday as gains in the energy and natural
resources sectors were offset by weakness in financials and
discretionary stocks in another busy week of earnings reporting.
Read more
moved sideways on Tuesday as gains in the energy and natural
resources sectors were offset by weakness in financials and
discretionary stocks in another busy week of earnings reporting.
Read more
Global miner BHP Billiton slumps to record loss
MELBOURNE, Aug 16 (Reuters) - BHP Billiton
reported a record $6.4 billion annual loss on Tuesday, hammered
by a bad bet on shale, a dam disaster in Brazil and a
commodities slump, but said it expects its free cash flow to
more than double this year.
Read more
reported a record $6.4 billion annual loss on Tuesday, hammered
by a bad bet on shale, a dam disaster in Brazil and a
commodities slump, but said it expects its free cash flow to
more than double this year.
Read more
Monday, August 15, 2016
UPDATE 2-Praxair in talks to acquire Linde- source
Aug 15 (Reuters) - U.S. industrial gas supplier Praxair Inc
is in early-stage talks to acquire German peer Linde AG
and create the biggest company in their sector with a
market value of more than $60 billion, a person familiar with
the matter said.
Read more
is in early-stage talks to acquire German peer Linde AG
and create the biggest company in their sector with a
market value of more than $60 billion, a person familiar with
the matter said.
Read more
Australia shares set for firm start, NZ stocks steady
SYDNEY, Aug 16 (Reuters) - Australian shares are set for a
firm start on Tuesday, tracking a buoyant session on Wall
Street, with investors focused on more earnings results from
local companies, including giant miner BHP Billiton.
Local share price index futures rose 0.1 percent to
5,494.0, but that was a 37-point discount to the underlying
S&P/ASX 200 index close on Monday. The benchmark inched
up 0.2 percent in the last session, edging closer to a recent
one-year peak.
New Zealand's be
Read more
firm start on Tuesday, tracking a buoyant session on Wall
Street, with investors focused on more earnings results from
local companies, including giant miner BHP Billiton.
Local share price index futures rose 0.1 percent to
5,494.0, but that was a 37-point discount to the underlying
S&P/ASX 200 index close on Monday. The benchmark inched
up 0.2 percent in the last session, edging closer to a recent
one-year peak.
New Zealand's be
Read more
Soros Fund Management slashes gold shares in second quarter -13F
NEW YORK, Aug 15 (Reuters) - Soros Fund Management LLC
sharply cut its shares in SPDR Gold Trust and Barrick
Gold Corp in the second quarter of 2016, 13F-HR filings
with the U.S. Securities and Exchange Commission showed on
Monday.
Read more
sharply cut its shares in SPDR Gold Trust and Barrick
Gold Corp in the second quarter of 2016, 13F-HR filings
with the U.S. Securities and Exchange Commission showed on
Monday.
Read more
Icahn makes new bet on Allergan, cuts Hertz in Q2 - filing
BOSTON, Aug 15 (Reuters) - Carl Icahn, the octogenarian
investor whose stock investments still create a buzz on Wall
Street nearly 50 years after he first got into the business,
made a new bet on Allergan and slashed his holding in
Hertz Global Holdings, a new filing shows.
Read more
investor whose stock investments still create a buzz on Wall
Street nearly 50 years after he first got into the business,
made a new bet on Allergan and slashed his holding in
Hertz Global Holdings, a new filing shows.
Read more
UPDATE 2-Zambian president Lungu re-elected in disputed vote
* Election fought over ailing economy in copper producer
(Adds colour, background, analyst quote)
Read more
(Adds colour, background, analyst quote)
Read more
EU to boost steel trade defences as imports surge
LONDON, Aug 15 (Reuters) - The European Commission is
expected to further strengthen its steel trade defences,
possibly as early as October, industry leaders say, as a global
trade war in the alloy intensifies and imports keep flooding
into the bloc.
Read more
expected to further strengthen its steel trade defences,
possibly as early as October, industry leaders say, as a global
trade war in the alloy intensifies and imports keep flooding
into the bloc.
Read more
CORRECTED-Australia's Aura Energy to float shares in London by end September
LONDON, Aug 15 (Reuters) - Australian uranium miner Aura
Energy Ltd plans to list shares on the AIM market of
the London Stock Exchange by the end of September and aims to
raise 2.85 million pounds (US$3.7 mln), it said on Monday.
Read more
Energy Ltd plans to list shares on the AIM market of
the London Stock Exchange by the end of September and aims to
raise 2.85 million pounds (US$3.7 mln), it said on Monday.
Read more
UPDATE 1-Australia's Aura Energy to float shares in London by end September
LONDON, Aug 15 (Reuters) - Australian uranium miner Aura
Energy Ltd is making a bet on a rebound in uranium
prices as it lists in London, hoping to raise about 2.85 million
pounds (US$3.7 mln) to fund development of a mine in Mauritania,
its chief executive said on Monday.
Read more
Energy Ltd is making a bet on a rebound in uranium
prices as it lists in London, hoping to raise about 2.85 million
pounds (US$3.7 mln) to fund development of a mine in Mauritania,
its chief executive said on Monday.
Read more
RPT-Europe's boutique firms stealing M&A market share, dealmakers, data shows
LONDON, Aug 14 (Reuters) - Boutique advisory firms now
receive nearly half of all mergers and acquisition fees in
Europe, stealing market share and top dealmakers from global
investment banks hamstrung by a renewed focus on cost-cutting
and regulations on how much they can pay.
Read more
receive nearly half of all mergers and acquisition fees in
Europe, stealing market share and top dealmakers from global
investment banks hamstrung by a renewed focus on cost-cutting
and regulations on how much they can pay.
Read more
COLUMN-Coal's rally is at risk from lower China imports in August: Russell
LAUNCESTON, Australia, Aug 15 (Reuters) - If you believe
that thermal coal's rally this year has been largely on the back
of rising Chinese imports, it follows that any sign of
moderation in demand in the world's biggest buyer would raise a
red flag of caution.
Read more
that thermal coal's rally this year has been largely on the back
of rising Chinese imports, it follows that any sign of
moderation in demand in the world's biggest buyer would raise a
red flag of caution.
Read more
Sunday, August 14, 2016
Egypt reconsiders grain mega project amid scandal investigation
CAIRO, Aug 14 (Reuters) - Blumberg Grain said its mega
project to store Egyptian grains was back in play, with the
government to announce a final decision in two weeks, after
earlier indications that plans had been shelved and the company
might exit the country entirely.
Read more
project to store Egyptian grains was back in play, with the
government to announce a final decision in two weeks, after
earlier indications that plans had been shelved and the company
might exit the country entirely.
Read more
Europe's boutique firms stealing M&A market share, dealmakers, data shows
LONDON, Aug 14 (Reuters) - Boutique advisory firms now
receive nearly half of all mergers and acquisition fees in
Europe, stealing market share and top dealmakers from global
investment banks hamstrung by a renewed focus on cost-cutting
and regulations on how much they can pay.
Read more
receive nearly half of all mergers and acquisition fees in
Europe, stealing market share and top dealmakers from global
investment banks hamstrung by a renewed focus on cost-cutting
and regulations on how much they can pay.
Read more
Saturday, August 13, 2016
Zambia's opposition leader takes narrow early lead in election
LUSAKA, Aug 13 (Reuters) - Zambia's main opposition leader
Hakainde Hichilema took an early lead over President Edgar Lungu
on Saturday in a tight election battle fought as the key copper
producer's economy stutters due to weak commodity prices.
Read more
Hakainde Hichilema took an early lead over President Edgar Lungu
on Saturday in a tight election battle fought as the key copper
producer's economy stutters due to weak commodity prices.
Read more
Friday, August 12, 2016
China to use tougher environmental standards to tackle capacity glut
SHANGHAI, Aug 13 (Reuters) - China will use the stricter
enforcement of environmental, safety and energy efficiency
standards as well as tougher credit controls to help fight
against overcapacity in key industrial sectors, the government
said.
Read more
enforcement of environmental, safety and energy efficiency
standards as well as tougher credit controls to help fight
against overcapacity in key industrial sectors, the government
said.
Read more
Glencore begins arbitration against Bolivia over mine nationalization
SANTIAGO, Aug 12 (Reuters) - Swiss-based mining and trading
firm Glencore said it would begin arbitration
proceedings against Bolivia over the nationalization of some of
its assets by the Evo Morales government.
Read more
firm Glencore said it would begin arbitration
proceedings against Bolivia over the nationalization of some of
its assets by the Evo Morales government.
Read more
UPDATE 3-Zambia's president takes narrow early lead in election
* Ailing economy was big issue in election campaign
(Updates with first results in, row over fraud)
Read more
(Updates with first results in, row over fraud)
Read more
Thyssenkrupp eyes steel plant closures, says labour official
DUISBURG, Germany, Aug 12 (Reuters) - German conglomerate
Thyssenkrupp wants to come up with a new, aggressive
cost-cutting plan for its steelmaking division by May, probably
including the closure of some plants that would violate a labour
agreement, a senior labour official said.
Read more
Thyssenkrupp wants to come up with a new, aggressive
cost-cutting plan for its steelmaking division by May, probably
including the closure of some plants that would violate a labour
agreement, a senior labour official said.
Read more
South Sudan rejects extra U.N. troops for Juba, says will not cooperate
JUBA, Aug 12 (Reuters) - South Sudan will not accept a
4,000-member United Nations protection force to ensure peace in
its capital Juba and will not to cooperate with the world body,
a spokesman for President Salva Kiir said on Friday after the
U.N. Security Council authorized the troops.
Read more
4,000-member United Nations protection force to ensure peace in
its capital Juba and will not to cooperate with the world body,
a spokesman for President Salva Kiir said on Friday after the
U.N. Security Council authorized the troops.
Read more
Pakistan shares post all-time closing high; rupee weaker, o/n rates fall
KARACHI, Aug 12 (Reuters) - Pakistan stocks posted an
all-time closing high on Friday, led by gains in oil stocks due
to a rise in crude prices overnight, dealers said.
Read more
all-time closing high on Friday, led by gains in oil stocks due
to a rise in crude prices overnight, dealers said.
Read more
Thursday, August 11, 2016
UPDATE 3-China power plant blast kills at least 21 on eve of Tianjin anniversary
* Tianjin marks one-year anniversary of warehouse blasts on
Aug 12
(Adds details of Tianjin one-year anniversary, comments from
work safety administration)
Read more
Aug 12
(Adds details of Tianjin one-year anniversary, comments from
work safety administration)
Read more
China July crude steel output up 2.6 pct at 66.81 mln T
Aug 12 (Reuters) - China's crude steel output rose 2.6
percent from a year ago to 66.81 million tonnes in July, data
from the National Bureau of Statistics showed on Friday.
Read more
percent from a year ago to 66.81 million tonnes in July, data
from the National Bureau of Statistics showed on Friday.
Read more
UPDATE 1-China daily steel output slips in July amid pollution crackdown
Aug 12 (Reuters) - China's average daily crude steel fell in
July from a record high in the previous month, government data
showed on Friday, as Beijing's environmental clampdown curbed
production in the world's top steel producer.
Read more
July from a record high in the previous month, government data
showed on Friday, as Beijing's environmental clampdown curbed
production in the world's top steel producer.
Read more
New fund aims to fuel growth in market for clean cookstoves
BARCELONA, Aug 12 (Thomson Reuters Foundation) - A new $4
million fund aims to speed up the development of supply chains
for less polluting cookstoves in poor communities, by lending to
businesses that would otherwise struggle to finance their
growth, the Global Alliance for Clean Cookstoves said.
Read more
million fund aims to speed up the development of supply chains
for less polluting cookstoves in poor communities, by lending to
businesses that would otherwise struggle to finance their
growth, the Global Alliance for Clean Cookstoves said.
Read more
UPDATE 1-Steel & Tube full-year profits rise over 20 pct
WELLINGTON, Aug 12 (Reuters) - New Zealand's Steel & Tube
on Friday posted a rise in its full-year profit,
despite low prices for steel and increased competition creating
a challenging environment.
Read more
on Friday posted a rise in its full-year profit,
despite low prices for steel and increased competition creating
a challenging environment.
Read more
Pakistan shares hit record high; rupee stronger, o/n rates fall
KARACHI, Aug 12 (Reuters) - Pakistan stocks edged up to a
fresh record closing high on Thursday, led by banking stocks,
dealers said.
Read more
fresh record closing high on Thursday, led by banking stocks,
dealers said.
Read more
UPDATE 2-RPT-Legg Mason's Bill Miller leaves firm amid faded glory
NEW YORK/BOSTON, Aug 11 (Reuters) - Legg Mason Inc's Bill
Miller, whose mutual fund beat the S&P 500 handily for 15
consecutive years at the turn of the century, is riding off into
the sunset after his recent lagging returns left a trail of
disappointed investors.
Read more
Miller, whose mutual fund beat the S&P 500 handily for 15
consecutive years at the turn of the century, is riding off into
the sunset after his recent lagging returns left a trail of
disappointed investors.
Read more
Indian conglomerate Aditya Birla to spin off financial services in group restructuring
MUMBAI, Aug 11 (Reuters) - Indian conglomerate Aditya Birla
Group plans to merge its subsidiaries Grasim Industries Ltd
and Aditya Birla Nuvo Ltd through a stock
swap and spin off its financial services business, it said on
Thursday.
Read more
Group plans to merge its subsidiaries Grasim Industries Ltd
and Aditya Birla Nuvo Ltd through a stock
swap and spin off its financial services business, it said on
Thursday.
Read more
UPDATE 1-EU regulators to investigate Dow, DuPont $130 bln merger
BRUSSELS, Aug 11 (Reuters) - EU antitrust regulators have
opened a full investigation into Dow Chemical and DuPont
's proposed $130 billion merger, saying the deal may
reduce competition in crop protection, seeds and some
petrochemicals.
Read more
opened a full investigation into Dow Chemical and DuPont
's proposed $130 billion merger, saying the deal may
reduce competition in crop protection, seeds and some
petrochemicals.
Read more
MIDEAST STOCKS-IMF deal boosts Egypt, Saudi falls despite reform news
DUBAI, Aug 11 (Reuters) - Egyptian stocks rose on Thursday
after Cairo and the IMF said they had agreed on a $12 billion
loan, while major Gulf bourses pulled back and Saudi Arabia fell
despite news that foreign investment curbs would be eased sooner
than expected.
Read more
after Cairo and the IMF said they had agreed on a $12 billion
loan, while major Gulf bourses pulled back and Saudi Arabia fell
despite news that foreign investment curbs would be eased sooner
than expected.
Read more
European shares buoyed by upbeat earnings, Henkel hits record
LONDON, Aug 11 (Reuters) - European shares rose on Thursday,
rebounding from a drop in the previous session, helped by
well-received corporate updates from the likes of Belgium's KBC
and Germany's Henkel.
Read more
rebounding from a drop in the previous session, helped by
well-received corporate updates from the likes of Belgium's KBC
and Germany's Henkel.
Read more
Wednesday, August 10, 2016
Indian gold demand to revive in H2 on surplus monsoon rains -WGC
MUMBAI, Aug 11 (Reuters) - India's gold demand may rise in
the second half of 2016 after falling to the lowest in seven
years in the first half as beneficial monsoon rains will spur
rural demand during the peak festive season, the World Gold
Council said.
Read more
the second half of 2016 after falling to the lowest in seven
years in the first half as beneficial monsoon rains will spur
rural demand during the peak festive season, the World Gold
Council said.
Read more
COLUMN-New iron ore tax on Rio, BHP unlikely, but issue is back: Russell
LAUNCESTON, Australia, Aug 11 (Reuters) - Here we go again!
Another political attempt rooted more in populism than economics
to grab more tax revenue from Australia's top iron ore miners,
Rio Tinto and BHP Billiton.
Read more
Another political attempt rooted more in populism than economics
to grab more tax revenue from Australia's top iron ore miners,
Rio Tinto and BHP Billiton.
Read more
Australia shares fall 1 pct to hit 6-day low, NZ shares little changed
SYDNEY/WELLINGTON, Aug 11 (Reuters) - Australian shares fell
1 percent on Thursday as negative market sentiment towards the
country's financial sector dragged the index to a six-day low.
Read more
1 percent on Thursday as negative market sentiment towards the
country's financial sector dragged the index to a six-day low.
Read more
RPT-COLUMN-Will LME consolidate or fragment London's bullion market? Andy Home
LONDON, Aug 10 (Reuters) - The London Metal Exchange (LME)
has announced the launch next year of a suite of precious metals
contracts, starting with gold and silver and eventually
encompassing platinum and palladium.
Read more
has announced the launch next year of a suite of precious metals
contracts, starting with gold and silver and eventually
encompassing platinum and palladium.
Read more
UPDATE 1-Brazil's Odebrecht hires law firm for debt restructuring
SAO PAULO, Aug 10 (Reuters) - Grupo Odebrecht SA, the
engineering company ensnared in Brazil's worst corruption
scandal, said on Wednesday that it had hired law firm E. Munhoz
Advogados to advise on a debt restructuring plan.
Read more
engineering company ensnared in Brazil's worst corruption
scandal, said on Wednesday that it had hired law firm E. Munhoz
Advogados to advise on a debt restructuring plan.
Read more
REUTERS SUMMIT-Farm group Los Grobo eyes fresh Argentine investment
BUENOS AIRES, Aug 10 (Reuters) - Latin American farming
production and services group Los Grobo is looking to invest
$100 million in Argentina in coming years, encouraged by new
market-friendly government policies, the company president said
on Wednesday.
Read more
production and services group Los Grobo is looking to invest
$100 million in Argentina in coming years, encouraged by new
market-friendly government policies, the company president said
on Wednesday.
Read more
Vale denies iron ore streaming financing deal in the works
SAO PAULO, Aug 10 (Reuters) - Vale SA, the world's largest
producer of iron ore, denied it plans to raise cash from the
sale of future iron ore output through a so-called streaming
financing transaction.
Read more
producer of iron ore, denied it plans to raise cash from the
sale of future iron ore output through a so-called streaming
financing transaction.
Read more
Asia gold demand to fall 15-20 pct in 2016 on price rise-Scotiabank
MUMBAI, Aug 10 (Reuters) - Gold consumption in China and
India, the world's top two buyers, is set to drop 15 to 20
percent in 2016 after lower investment demand and jewellery
sales, an official at a leading importing bank said.
Read more
India, the world's top two buyers, is set to drop 15 to 20
percent in 2016 after lower investment demand and jewellery
sales, an official at a leading importing bank said.
Read more
Israeli chemicals maker ICL beats Q2 profit forecasts thanks to specialty products
JERUSALEM, Aug 10 (Reuters) - Israel Chemicals (ICL)
, one of the three major suppliers of potash to China,
India and Europe, reported a better than expected second-quarter
profit on Wednesday and predicted further gains from its
specialty products units.
Read more
, one of the three major suppliers of potash to China,
India and Europe, reported a better than expected second-quarter
profit on Wednesday and predicted further gains from its
specialty products units.
Read more
U.S. Steel Canada rejects latest offer from Essar consortium
TORONTO, Aug 10 (Reuters) - U.S. Steel Canada on Wednesday
rejected a buyout offer from Ontario Steel Investment Ltd, a
group that includes shareholders of Essar Global, saying it was
not considering further proposals by Essar, which had been
eliminated from the sale process.
Read more
rejected a buyout offer from Ontario Steel Investment Ltd, a
group that includes shareholders of Essar Global, saying it was
not considering further proposals by Essar, which had been
eliminated from the sale process.
Read more
COLUMN-Will LME consolidate or fragment London's bullion market? Andy Home
LONDON, Aug 10 (Reuters) - The London Metal Exchange (LME)
has announced the launch next year of a suite of precious metals
contracts, starting with gold and silver and eventually
encompassing platinum and palladium.
Read more
has announced the launch next year of a suite of precious metals
contracts, starting with gold and silver and eventually
encompassing platinum and palladium.
Read more
Zimbabweans spot green gold in bamboo that spares forests
CHIPINGE, Zimbabwe, Aug 10 (Thomson Reuters Foundation) -
Lush tracts of bamboo spread across southeastern Chipinge
district, where the tall plant is increasingly regarded as green
gold by villagers. They are harvesting it commercially while
helping preserve Zimbabwe's fast-dwindling forests.
Read more
Lush tracts of bamboo spread across southeastern Chipinge
district, where the tall plant is increasingly regarded as green
gold by villagers. They are harvesting it commercially while
helping preserve Zimbabwe's fast-dwindling forests.
Read more
Thailand's PTT Global Q2 down 45 pct, hit by shutdowns
BANGKOK, Aug 10 (Reuters) - PTT Global Chemical Pcl
, Thailand's largest petrochemical maker, posted a 45
percent drop in quarterly net profit on Wednesday, due to a
2-month scheduled shutdown of its refinery and an unplanned
turnaround of an olefins cracker.
Read more
, Thailand's largest petrochemical maker, posted a 45
percent drop in quarterly net profit on Wednesday, due to a
2-month scheduled shutdown of its refinery and an unplanned
turnaround of an olefins cracker.
Read more
Activists demand Formosa Plastics Group shut steel unit in Vietnam
TAIPEI, Aug 10 (Reuters) - About 100 activists protested in
front of Formosa Plastics Group's headquarters in Taipei on
Wednesday demanding it shut its steel project in Vietnam and
urged Hanoi to prosecute the Taiwanese firm for environmental
damage.
Read more
front of Formosa Plastics Group's headquarters in Taipei on
Wednesday demanding it shut its steel project in Vietnam and
urged Hanoi to prosecute the Taiwanese firm for environmental
damage.
Read more
Petra Diamonds mines 138-carat white diamond from Cullinan
Aug 10 (Reuters) - Petra Diamonds Ltd said on
Wednesday it recovered a 138.57 carat white diamond at the
historic Cullinan mine near Pretoria in South Africa.
Read more
Wednesday it recovered a 138.57 carat white diamond at the
historic Cullinan mine near Pretoria in South Africa.
Read more
Gold miner Centamin hikes FY production forecast
Aug 10 (Reuters) - Gold miner Centamin Plc raised
its production guidance for 2016, aided by rising output from
its Sukari mine in Egypt, and said its second-quarter core
profit more than doubled.
Read more
its production guidance for 2016, aided by rising output from
its Sukari mine in Egypt, and said its second-quarter core
profit more than doubled.
Read more
Tuesday, August 9, 2016
UPDATE 2-Ontario Steel in bid for US Steel Canada, including C$1 bln liabilities
* Could combine both businesses if successful
(Adds details of progress on Essar Steel Algoma bid,
background)
Read more
(Adds details of progress on Essar Steel Algoma bid,
background)
Read more
US, Australia, Canada indigenous land rights laws lag Africa, Latam - mapping study
LONDON, Aug 9 (Thomson Reuters Foundation) - Wealthier
countries including the United States and Australia score behind
Latin America and African nations when it comes to laws
protecting indigenous land rights, according to the first
analysis of an online global map of land ownership.
Read more
countries including the United States and Australia score behind
Latin America and African nations when it comes to laws
protecting indigenous land rights, according to the first
analysis of an online global map of land ownership.
Read more
A Minute With: Robert Redford on magical childhood stories
LOS ANGELES, Aug 9 (Reuters) - Hollywood veteran Robert
Redford returns to his childhood love of fantasy stories in
"Pete's Dragon," a new Disney film about an orphaned boy living
in a forest and his friendship with one such creature.
Read more
Redford returns to his childhood love of fantasy stories in
"Pete's Dragon," a new Disney film about an orphaned boy living
in a forest and his friendship with one such creature.
Read more
Ontario Steel makes bid for U.S. Steel Canada
TORONTO, Aug 9 (Reuters) - Ontario Steel Investment Ltd, a
group that includes shareholders of Essar Global, said on
Tuesday that it had submitted an offer for the purchase of U.S.
Steel Canada.
Read more
group that includes shareholders of Essar Global, said on
Tuesday that it had submitted an offer for the purchase of U.S.
Steel Canada.
Read more
UPDATE 1-Hindustan Zinc to double silver output to catch solar wave
MUMBAI, Aug 9 (Reuters) - Hindustan Zinc Ltd, a
subsidiary of billionaire Anil Agarwal's mining conglomerate
Vedanta Ltd, aims to double silver output in five
years due to rising prices and increased demand from solar panel
makers.
Read more
subsidiary of billionaire Anil Agarwal's mining conglomerate
Vedanta Ltd, aims to double silver output in five
years due to rising prices and increased demand from solar panel
makers.
Read more
Pakistan shares close higher; rupee stronger, o/n rates rise
KARACHI, Aug 9 (Reuters) - Pakistan stocks rose for a second
straight session on Tuesday, led by gains in oil stocks as
global crude prices increased, dealers said.
Read more
straight session on Tuesday, led by gains in oil stocks as
global crude prices increased, dealers said.
Read more
Pollution crackdown on China tin producers could spur imports, lift prices
MELBOURNE/SHANGHAI, Aug 9 (Reuters) - China could ramp up
imports of refined tin as a string of environmental inspections
at smelters in the world's top producer of the metal curbs local
output.
Read more
imports of refined tin as a string of environmental inspections
at smelters in the world's top producer of the metal curbs local
output.
Read more
COLUMN-Iron ore's rally is starting to look overcooked: Russell
LAUNCESTON, Australia, Aug 9 (Reuters) - At what point is
the 43 percent rally in iron ore prices this year overcooked,
given it remains a well-supplied market facing mounting economic
uncertainty across the globe.
Read more
the 43 percent rally in iron ore prices this year overcooked,
given it remains a well-supplied market facing mounting economic
uncertainty across the globe.
Read more
Monday, August 8, 2016
RPT-COLUMN-London Metal Exchange cuts fees, but is it too little too late? Andy Home
LONDON, Aug 8 (Reuters) - The London Metal Exchange (LME)
has just unveiled a package of measures designed to "strengthen
its role as the global liquidity centre for metals trading".
Read more
has just unveiled a package of measures designed to "strengthen
its role as the global liquidity centre for metals trading".
Read more
China's Guangdong sets up tribunal to handle zombie firms - media
SHANGHAI, Aug 9 (Reuters) - China's Guangdong province has
set up a special court to deal with disputes that arise from the
closure of "zombie enterprises", the official China Daily
reported on Tuesday.
Read more
set up a special court to deal with disputes that arise from the
closure of "zombie enterprises", the official China Daily
reported on Tuesday.
Read more
Mesoblast cell treatment shows promise in rheumatoid arthritis -study
Aug 8 (Reuters) - Mesoblast Ltd on Monday said its
experimental stem-cell treatment led to significant improvements
of symptoms and disease activity in patients whose rheumatoid
arthritis had stopped being helped by widely used biotech
medicines, according to data from a mid-stage trial.
Read more
experimental stem-cell treatment led to significant improvements
of symptoms and disease activity in patients whose rheumatoid
arthritis had stopped being helped by widely used biotech
medicines, according to data from a mid-stage trial.
Read more
London Metal Exchange to launch gold spot, futures contracts
LONDON, Aug 9 (Reuters) - The London Metal Exchange (LME)
said on Tuesday it is planning to launch spot and futures
contracts for gold and silver in the first half of 2017, adding
to its list of products which includes copper and aluminium.
Read more
said on Tuesday it is planning to launch spot and futures
contracts for gold and silver in the first half of 2017, adding
to its list of products which includes copper and aluminium.
Read more
Farm tech investment drops off after record year
Aug 8 (Reuters) - Investor backing for agriculture
technology startups cooled in the first half of 2016 after
record global investment last year, according to industry data
released on Monday.
Read more
technology startups cooled in the first half of 2016 after
record global investment last year, according to industry data
released on Monday.
Read more
Chinese production drives global stainless steel output rise
LONDON, Aug 8 (Reuters) - Global production of stainless
steel was 0.4 percent higher in the first quarter than in the
same period of 2015 as Chinese mills ramped up their output,
despite pledges to reduce over-capacity, industry data showed on
Monday.
Read more
steel was 0.4 percent higher in the first quarter than in the
same period of 2015 as Chinese mills ramped up their output,
despite pledges to reduce over-capacity, industry data showed on
Monday.
Read more
COLUMN-London Metal Exchange cuts fees, but is it too little too late? Andy Home
LONDON, Aug 8 (Reuters) - The London Metal Exchange (LME)
has just unveiled a package of measures designed to "strengthen
its role as the global liquidity centre for metals trading".
Read more
has just unveiled a package of measures designed to "strengthen
its role as the global liquidity centre for metals trading".
Read more
Pakistan shares close higher; rupee weakens, o/n rates fall
KARACHI, Aug 8 (Reuters) - Pakistan stocks closed higher on
Monday, snapping four consecutive sessions of losses, led by
foreign portfolio investments, dealers said.
Read more
Monday, snapping four consecutive sessions of losses, led by
foreign portfolio investments, dealers said.
Read more
UPDATE 1-China Shanxi large coal miners can extend debt maturities - Xinhua
SHANGHAI/BEIJING, Aug 8 (Reuters) - Seven large Shanxi
province-owned coal miners will be permitted to extend the
maturities of some existing debt, state news agency Xinhua
reported, as Chinese regulators continue their efforts to
provide a softer landing for the stricken sector.
Read more
province-owned coal miners will be permitted to extend the
maturities of some existing debt, state news agency Xinhua
reported, as Chinese regulators continue their efforts to
provide a softer landing for the stricken sector.
Read more
Samsung Biologics expected to apply for Korea IPO approval on Aug 11 - exchange officials
SEOUL, Aug 8 (Reuters) - Samsung Biologics Co Ltd, the
biopharmaceutical contract manufacturing affiliate of Samsung
Group, is expected to apply on Thursday for Korea
Exchange approval for a planned initial public offering, two
exchange officials said on Monday.
Read more
biopharmaceutical contract manufacturing affiliate of Samsung
Group, is expected to apply on Thursday for Korea
Exchange approval for a planned initial public offering, two
exchange officials said on Monday.
Read more
Sunday, August 7, 2016
Australia, New Zealand shares rally with banks leading gains
SYDNEY/WELLINGTON, Aug 8 (Reuters) - Australian shares
rallied on Monday, tracking Wall Street's positive lead with
banks, miners and energy companies leading gains, while New
Zealand stocks were near last week's record high.
Read more
rallied on Monday, tracking Wall Street's positive lead with
banks, miners and energy companies leading gains, while New
Zealand stocks were near last week's record high.
Read more
UPDATE 1-China's July exports, imports fall more than expected
BEIJING, Aug 8 (Reuters) - China's exports and imports fell
more than expected in July in a rocky start to the third
quarter, suggesting global demand remains weak in the aftermath
of Britain's decision to leave the EU.
Read more
more than expected in July in a rocky start to the third
quarter, suggesting global demand remains weak in the aftermath
of Britain's decision to leave the EU.
Read more
China Shanxi province-owned large coal miners can extend debt maturities - Xinhua
SHANGHAI, Aug 8 (Reuters) - Seven large Shanxi
province-owned coal miners will be permitted to extend the
maturities of some existing debt, the official Xinhua news
agency reported Sunday, citing a document released by the Shanxi
branch of China's banking regulator.
Read more
province-owned coal miners will be permitted to extend the
maturities of some existing debt, the official Xinhua news
agency reported Sunday, citing a document released by the Shanxi
branch of China's banking regulator.
Read more
Trading places: clutch of new metal hires signals bet on recovery
Aug 8 (Reuters) - A flurry of new metal trading desks that
has sprung up this year reflects an industry realignment as
bigger players downsize, but in a market still strapped for
capital only the thriftiest will survive, industry sources said.
Read more
has sprung up this year reflects an industry realignment as
bigger players downsize, but in a market still strapped for
capital only the thriftiest will survive, industry sources said.
Read more
Return of Congo's Tshisekedi jolts opposition to life
KINSHASA, Aug 7 (Reuters) - In 1991, then Congolese
President Mobutu Sese Seko made his long-time nemesis Etienne
Tshisekedi prime minister, hoping to neutralise opposition to a
dictatorship beset by economic and political crises.
Read more
President Mobutu Sese Seko made his long-time nemesis Etienne
Tshisekedi prime minister, hoping to neutralise opposition to a
dictatorship beset by economic and political crises.
Read more
Australia shares set to start with a firm tone, NZ stocks steady
SYDNEY, Aug 8 (Reuters) - Australian shares are set to have
a strong start on Monday following a positive lead on Wall
Street and an expected boost to mining stocks from a jump in
iron ore prices.
Global miner BHP Billiton is expected to open 1.8
percent higher, tracking a gain in its U.S. ADRs.
Local share price index futures rose 0.6 percent to
5,489 points, but that was still an 8.4-point discount to the
close of the underlying S&P/ASX 200 index on Friday.
The benchmark fell 1.2 p
Read more
a strong start on Monday following a positive lead on Wall
Street and an expected boost to mining stocks from a jump in
iron ore prices.
Global miner BHP Billiton is expected to open 1.8
percent higher, tracking a gain in its U.S. ADRs.
Local share price index futures rose 0.6 percent to
5,489 points, but that was still an 8.4-point discount to the
close of the underlying S&P/ASX 200 index on Friday.
The benchmark fell 1.2 p
Read more
UPDATE 1-China's July forex reserves fall to $3.20 trillion
BEIJING, Aug 7 (Reuters) - China's foreign exchange reserves
fell to $3.20 trillion in July, central bank data showed on
Sunday, in line with analyst expectations.
Read more
fell to $3.20 trillion in July, central bank data showed on
Sunday, in line with analyst expectations.
Read more
Saturday, August 6, 2016
China's July forex reserves fall to $3.20 trillion
BEIJING, Aug 7 (Reuters) - China's foreign exchange reserves
fell to $3.20 trillion in July, central bank data showed on
Sunday, matching forecasts.
Read more
fell to $3.20 trillion in July, central bank data showed on
Sunday, matching forecasts.
Read more
China gold reserves rise to 58.79 mln fine troy oz at end-July
BEIJING, Aug 7 (Reuters) - China's gold reserves stood at
58.79 million fine troy ounces at the end of July, up from 58.62
million fine troy ounces at the end of June, the central bank
said on Sunday.
Read more
58.79 million fine troy ounces at the end of July, up from 58.62
million fine troy ounces at the end of June, the central bank
said on Sunday.
Read more
Friday, August 5, 2016
European shares lifted by solid earnings but RBS slumps
MILAN, Aug 5 (Reuters) - European shares rose on Friday,
helped by solid earnings from companies including cement making
group LafargeHolcim, but Royal Bank of Scotland
slumped after weak results.
Read more
helped by solid earnings from companies including cement making
group LafargeHolcim, but Royal Bank of Scotland
slumped after weak results.
Read more
U.S. locks in hot-rolled steel dumping duties on seven countries
WASHINGTON, Aug 5 (Reuters) - The U.S. Commerce Department
on Friday set final anti-dumping duties on hot-rolled flat steel
from Japan, South Korea, Turkey, Britain, Brazil, the
Netherlands and Australia on Friday, locking in import taxes of
3.7 percent to about 34.3 percent for five years.
Read more
on Friday set final anti-dumping duties on hot-rolled flat steel
from Japan, South Korea, Turkey, Britain, Brazil, the
Netherlands and Australia on Friday, locking in import taxes of
3.7 percent to about 34.3 percent for five years.
Read more
GLOBAL MARKETS-Stocks, dollar rally on bumper U.S. jobs data
* Dollar rallies, drags oil and gold lower
(Updates to U.S. trading, changes byline, dateline previous
LONDON)
Read more
(Updates to U.S. trading, changes byline, dateline previous
LONDON)
Read more
Indigenous tribe applauds state move to cancel Brazil Amazon dam
RIO DE JANEIRO, Aug 5 (Thomson Reuters Foundation) -
I ndigenous people living in Brazil's rainforest have welcomed a
decision by the national environment agency to cancel a proposed
mega-dam in the Amazon which they say would have displaced
communities while opening the sensitive region to logging.
Read more
I ndigenous people living in Brazil's rainforest have welcomed a
decision by the national environment agency to cancel a proposed
mega-dam in the Amazon which they say would have displaced
communities while opening the sensitive region to logging.
Read more
European shares lifted by solid earnings but RBS slumps
MILAN, Aug 5 (Reuters) - European shares rose on Friday,
helped by solid earnings from companies including cement making
group LafargeHolcim, but Royal Bank of Scotland
slumped after weak results.
Read more
helped by solid earnings from companies including cement making
group LafargeHolcim, but Royal Bank of Scotland
slumped after weak results.
Read more
UPDATE 1-Share rout at Spain's OHL turns up heat on indebted owner
* GVM says in process of changing loans backed by OHL shares
(Recasts to focus on Villar Mir's dealing with OHL, updates
shares and with CFO comments)
Read more
(Recasts to focus on Villar Mir's dealing with OHL, updates
shares and with CFO comments)
Read more
European shares rise after solid earnings updates, RBS slumps
MILAN, Aug 5 (Reuters) - European shares rose on Friday,
helped by solid earnings updates from companies including cement
maker LafargeHolcim, but Royal Bank of Scotland slumped in an
otherwise mostly positive banking sector after reporting wider
losses in the first half.
Read more
helped by solid earnings updates from companies including cement
maker LafargeHolcim, but Royal Bank of Scotland slumped in an
otherwise mostly positive banking sector after reporting wider
losses in the first half.
Read more
China's regions show big economic divergence as rustbelt suffers, cities prosper
BEIJING, Aug 5 (Reuters) - China's regional economies showed
a marked divergence in performance in the first half of 2016,
with provinces reliant on steel making and mining reporting weak
or no growth but some larger cities thriving.
Read more
a marked divergence in performance in the first half of 2016,
with provinces reliant on steel making and mining reporting weak
or no growth but some larger cities thriving.
Read more
Nissan says Brexit deal will determine future UK plant investment - BBC
LONDON, Aug 5 (Reuters) - The chief executive of Japanese
carmaker Nissan said future investment decisions about
Britain's biggest car plant will depend on the terms of a Brexit
deal struck with the European Union on customs, trade and free
movement of goods.
Read more
carmaker Nissan said future investment decisions about
Britain's biggest car plant will depend on the terms of a Brexit
deal struck with the European Union on customs, trade and free
movement of goods.
Read more
European shares rise helped by solid earning updates, RBS slumps
MILAN, Aug 5 (Reuters) - European shares rose on Friday in
early deals, helped by well-received earning updates from
companies including cement maker LafargeHolcim, but Royal Bank
of Scotland slumped after its first-half losses widened.
Read more
early deals, helped by well-received earning updates from
companies including cement maker LafargeHolcim, but Royal Bank
of Scotland slumped after its first-half losses widened.
Read more
Australia shares rally on Bank of England easing, NZ little changed
SYDNEY/WELLINGTON, Aug 5 (Reuters) - Australian shares rose
on Friday, driven by commodity prices and as an aggressive
easing package announced overnight by the Bank of England stokes
global risk appetite.
Read more
on Friday, driven by commodity prices and as an aggressive
easing package announced overnight by the Bank of England stokes
global risk appetite.
Read more
UPDATE 1-Glencore halts Zambia copper mine output after deaths
LUSAKA, Aug 5 (Reuters) - Glencore's Zambian Mopani
Copper Mines (MCM) has halted production at all its operations
after four miners were killed in separate accidents, a company
official said on Friday.
Read more
Copper Mines (MCM) has halted production at all its operations
after four miners were killed in separate accidents, a company
official said on Friday.
Read more
Thursday, August 4, 2016
RPT-COLUMN-With retroactive action against Metro, LME puts down a future marker: Andy Home
LONDON, Aug 4 (Reuters) - There will be few tears shed for
Metro International Trade Services.
Read more
Metro International Trade Services.
Read more
Sherritt, partners get deferral for Madagascar mine debt
TORONTO, Aug 4 (Reuters) - Canadian miner Sherritt
International Corp said on Thursday that lenders for a
large Madagascar nickel mine, which it holds with partners, will
defer six principal loan payments totaling $565 million until
2021.
Read more
International Corp said on Thursday that lenders for a
large Madagascar nickel mine, which it holds with partners, will
defer six principal loan payments totaling $565 million until
2021.
Read more
Brazil land conflicts simmer with 23 killings so far in 2016 - watchdog
RIO DE JANEIRO, Aug 4 (Thomson Reuters Foundation) - More
than 20 land rights activists have been killed in Brazil so far
this year, with most deaths linked to conflicts over logging and
agribusiness, data on Thursday showed, reinforcing the country's
reputation for being dangerous for environmentalists.
Read more
than 20 land rights activists have been killed in Brazil so far
this year, with most deaths linked to conflicts over logging and
agribusiness, data on Thursday showed, reinforcing the country's
reputation for being dangerous for environmentalists.
Read more
FTSE rallies after BoE decision, Hikma sinks
LONDON, Aug 4 (Reuters) - Britain's top share index rallied
after the Bank of England (BoE) cut interest rates on Thursday,
although pharmaceuticals company Hikma and precious
metals mining group Randgold Resources slumped after
poor updates.
Read more
after the Bank of England (BoE) cut interest rates on Thursday,
although pharmaceuticals company Hikma and precious
metals mining group Randgold Resources slumped after
poor updates.
Read more
U.S. ethanol industry finds sweet deals in Brazil as sugar prices soar
NEW YORK/SAO PAULO, Aug 4 (Reuters) - U.S. ethanol plants
and traders are rushing to sell biofuel to Brazil as tightening
supplies and logistics in the South American market give the
world's top producer a rare opportunity to ship south during the
peak sugar cane harvest, sources said.
Read more
and traders are rushing to sell biofuel to Brazil as tightening
supplies and logistics in the South American market give the
world's top producer a rare opportunity to ship south during the
peak sugar cane harvest, sources said.
Read more
COLUMN-With retroactive action against Metro, LME puts down a future marker: Andy Home
LONDON, Aug 4 (Reuters) - There will be few tears shed for
Metro International Trade Services.
Read more
Metro International Trade Services.
Read more
CF Industries to run nitrogen plants full-out despite oversupply
Aug 4 (Reuters) - CF Industries Holdings Inc plans to
run its expanded U.S. nitrogen fertilizer plants at full
throttle, its chief executive officer said on Thursday, and
expects its domestic rivals to do the same, despite global
oversupply that has hurt prices and profits.
Read more
run its expanded U.S. nitrogen fertilizer plants at full
throttle, its chief executive officer said on Thursday, and
expects its domestic rivals to do the same, despite global
oversupply that has hurt prices and profits.
Read more
Pakistan shares end lower on profit-taking; rupee stronger, o/n rates rise
KARACHI, Aug 4 - Pakistan stocks closed lower on Thursday
marking their third session of losses as investors locked in
profits from a recent rally, dealers said.
Read more
marking their third session of losses as investors locked in
profits from a recent rally, dealers said.
Read more
RPT-COLUMN-Small Australian miners are the canaries of commodity prices: Russell
LAUNCESTON, Australia, Aug 4 (Reuters) - Are the strong
gains this year in small Australian resource companies a
harbinger of sustainable rallies for both bigger miners and
commodity prices in general? Past evidence suggests yes.
Read more
gains this year in small Australian resource companies a
harbinger of sustainable rallies for both bigger miners and
commodity prices in general? Past evidence suggests yes.
Read more
FTSE steadies near 3-week low before BoE decision, Hikma sinks
LONDON, Aug 4 (Reuters) - Britain's top share index steadied
before a likely move by the Bank of England to cut rates on
Thursday, although drugmaker Hikma and precious metals
miner Randgold Resources slumped after their poor
updates.
Read more
before a likely move by the Bank of England to cut rates on
Thursday, although drugmaker Hikma and precious metals
miner Randgold Resources slumped after their poor
updates.
Read more
China's says it "regrets" EU duties on Chinese cold-rolled steel
BEIJING, Aug 4 (Reuters) - China's Commerce Ministry said on
Thursday it "regrets" the European Commission's decision to put
retroactive anti-dumping duties on Chinese cold-rolled steel
plates.
Read more
Thursday it "regrets" the European Commission's decision to put
retroactive anti-dumping duties on Chinese cold-rolled steel
plates.
Read more
UPDATE 1-Russia's Mechel ups sales to China, starts supplies to India
MOSCOW, Aug 4 (Reuters) - Russian coal and steel producer
Mechel raised supplies of its coking coal concentrate
to China in the second quarter and started sales to India and
Vietnam, it said on Thursday.
Read more
Mechel raised supplies of its coking coal concentrate
to China in the second quarter and started sales to India and
Vietnam, it said on Thursday.
Read more
UPDATE 1-Randgold Resources posts flat Q2 mining profit
Aug 4 (Reuters) - Randgold Resources Ltd said its
second-quarter profit from mining was flat, as higher gold
prices were offset by lower production and higher costs.
Read more
second-quarter profit from mining was flat, as higher gold
prices were offset by lower production and higher costs.
Read more
British PM May promises to help small businesses navigate Brexit
LONDON, Aug 4 (Reuters) - British Prime Minister Theresa May
will tell small business owners on Thursday that she wants to
help them take advantage of the opportunities provided by
Britain's vote to leave the European Union.
Read more
will tell small business owners on Thursday that she wants to
help them take advantage of the opportunities provided by
Britain's vote to leave the European Union.
Read more
Gold miner Randgold Resources posts flat Q2 profit
Aug 4 (Reuters) - Gold miner Randgold Resources Ltd
said its second-quarter profit from mining was flat, as higher
gold prices were offset by lower production and higher costs.
Read more
said its second-quarter profit from mining was flat, as higher
gold prices were offset by lower production and higher costs.
Read more
Wednesday, August 3, 2016
COLUMN-Small Australian miners are the canaries of commodity prices: Russell
LAUNCESTON, Australia, Aug 4 (Reuters) - Are the strong
gains this year in small Australian resource companies a
harbinger of sustainable rallies for both bigger miners and
commodity prices in general? Past evidence suggests yes.
Read more
gains this year in small Australian resource companies a
harbinger of sustainable rallies for both bigger miners and
commodity prices in general? Past evidence suggests yes.
Read more
S.Korea won, stocks edge up, investors await BOE policy meeting
* Won unlikely to strengthen past 1,100 level - analyst
* Markets expect more stimulus from BOE
SEOUL, Aug 4 (Reuters) - The South Korean won and
shares rebounded early on Thursday from the previous session's
losses as market expectations for the Bank of England to come up
with more monetary easing modestly boosted risk sentiment.
The won was quoted at 1,113.5 as of 0212 GMT, up
0.4 percent versus Wednesday's close of 1,117.6.
The Korea Composite Stock Price Index (KOSPI) was up
Read more
* Markets expect more stimulus from BOE
SEOUL, Aug 4 (Reuters) - The South Korean won and
shares rebounded early on Thursday from the previous session's
losses as market expectations for the Bank of England to come up
with more monetary easing modestly boosted risk sentiment.
The won was quoted at 1,113.5 as of 0212 GMT, up
0.4 percent versus Wednesday's close of 1,117.6.
The Korea Composite Stock Price Index (KOSPI) was up
Read more
Fertilizer price slump chops profits at CF Industries, Agrium
Aug 3 (Reuters) - Two of North America's biggest fertilizer
companies reported large drops in quarterly profit on Wednesday,
and warned of tough times ahead as abundant supplies weighed on
prices.
Read more
companies reported large drops in quarterly profit on Wednesday,
and warned of tough times ahead as abundant supplies weighed on
prices.
Read more
UPDATE 1-CF Industries profit tumbles as fertilizer prices slump
Aug 3 (Reuters) - U.S. nitrogen fertilizer producer CF
Industries Holdings Inc reported an 87 percent plunge in
quarterly profit - more than expected - and warned on Wednesday
that prices would likely remain weak into next year due to
abundant supplies.
Read more
Industries Holdings Inc reported an 87 percent plunge in
quarterly profit - more than expected - and warned on Wednesday
that prices would likely remain weak into next year due to
abundant supplies.
Read more
UPDATE 2-Anglo American kicks off major new diamond mine in Canada
LONDON/TORONTO, Aug 3 (Reuters) - De Beers' Gahcho Kue
diamond mine in Canada's Northwest Territories is expected to
reach full commercial production early next year, Anglo American
said on Wednesday.
Read more
diamond mine in Canada's Northwest Territories is expected to
reach full commercial production early next year, Anglo American
said on Wednesday.
Read more
CF Industries profit tumbles, as fertilizer prices slump
Aug 3 (Reuters) - U.S. nitrogen fertilizer producer CF
Industries Holdings Inc reported sharply lower quarterly
profit on Wednesday, and warned that prices would likely remain
weak into next year due to abundant supplies.
Read more
Industries Holdings Inc reported sharply lower quarterly
profit on Wednesday, and warned that prices would likely remain
weak into next year due to abundant supplies.
Read more
Greece's Titan Cement buys stake in Brazil's Cimento Apodi for $100 mln
Aug 3 (Reuters) - Greece's Titan Cement said on Wednesday it
is buying a stake in Brazilian cement manufacturer Companhia
Industrial de Cimento Apodi for about $100 million.
Read more
is buying a stake in Brazilian cement manufacturer Companhia
Industrial de Cimento Apodi for about $100 million.
Read more
White House doesn't rule out pesticides in Zika fight
WASHINGTON, Aug 3 (Reuters) - U.S. officials were willing to
consider a range of options to control the spread of the Zika
virus, the White House said on Wednesday when asked about
whether it would be willing to relax restrictions on some
pesticides.
Read more
consider a range of options to control the spread of the Zika
virus, the White House said on Wednesday when asked about
whether it would be willing to relax restrictions on some
pesticides.
Read more
CANADA STOCKS-TSX inches up as broad gains offset mining weakness
TORONTO, Aug 3 (Reuters) - Canada's main stock index inched
higher on Wednesday as broad gains offset losses among gold
miners and other materials stocks.
Read more
higher on Wednesday as broad gains offset losses among gold
miners and other materials stocks.
Read more
UPDATE 1-U.S. refiner HollyFrontier's adjusted profit misses estimates
Aug 3 (Reuters) - U.S. refiner HollyFrontier Corp
reported a lower-than-expected quarterly adjusted profit, hurt
by weak refining margins.
Read more
reported a lower-than-expected quarterly adjusted profit, hurt
by weak refining margins.
Read more
Apollo consortium frontfrunner for Anglo's $1.5 bln Australian coal assets -sources
LONDON, Aug 3 (Reuters) - A consortium led by private equity
firm Apollo Global Management has emerged as the
frontrunner for Anglo American's metallurgical coal
mines in Australia, valued at up to $1.5 billion, two sources
familiar with the matter told Reuters.
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firm Apollo Global Management has emerged as the
frontrunner for Anglo American's metallurgical coal
mines in Australia, valued at up to $1.5 billion, two sources
familiar with the matter told Reuters.
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U.S. refiner HollyFrontier reports second-quarter loss
Aug 3 (Reuters) - U.S. refiner HollyFrontier Corp
reported a quarterly loss, compared with a year-earlier profit,
as it took a $654.1 million impairment charge amid weak refining
margins.
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reported a quarterly loss, compared with a year-earlier profit,
as it took a $654.1 million impairment charge amid weak refining
margins.
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FTSE steadies near recent lows, HSBC leads banks
LONDON, Aug 3 (Reuters) - Britain's top share index steadied
near a recent two-week low on Wednesday, with weaker commodities
and property-related stocks offsetting an HSBC-led
rally in banking stocks.
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near a recent two-week low on Wednesday, with weaker commodities
and property-related stocks offsetting an HSBC-led
rally in banking stocks.
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Indonesia's new resources chief tells Freeport not to push on contract extension
JAKARTA, Aug 3 (Reuters) - Indonesia's newly appointed
resources chief urged Freeport-McMoRan Inc on Wednesday
not to push for a quick extension of its contract to operate the
giant Grasberg copper mine, amid a planned revision of the
country's mining law.
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resources chief urged Freeport-McMoRan Inc on Wednesday
not to push for a quick extension of its contract to operate the
giant Grasberg copper mine, amid a planned revision of the
country's mining law.
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Tuesday, August 2, 2016
Blood Mica: Key findings of investigation into child deaths in India's illegal mica mines
KODERMA/BHILWARA/SYDAPURAM, India, Aug 3 (Thomson Reuters
Foundation) - I n the depths of India's illegal mica mines, where
children as young as five work alongside adults, lurks a dark,
hidden secret - the cover-up of child deaths with seven killed
in the past two months, a Thomson Reuters Foundation
investigation revealed.
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Foundation) - I n the depths of India's illegal mica mines, where
children as young as five work alongside adults, lurks a dark,
hidden secret - the cover-up of child deaths with seven killed
in the past two months, a Thomson Reuters Foundation
investigation revealed.
Read more
Australia's tiny miners rise from the ashes of the bust
SYDNEY, Aug 3 (Reuters) - From gold to graphite to zinc to
lithium, Australia's army of "penny dreadful" stocks is rising
from the ashes of the mining bust and growing at rates that
majors like BHP Billiton and Rio Tinto can only wish for.
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lithium, Australia's army of "penny dreadful" stocks is rising
from the ashes of the mining bust and growing at rates that
majors like BHP Billiton and Rio Tinto can only wish for.
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UPDATE 1-PM May resurrects industrial policy as Britain prepares for Brexit
LONDON, Aug 2 (Reuters) - Prime Minister Theresa May on
Tuesday kickstarted her bid to reshape the British economy for a
post-Brexit world, reviving the once unfashionable concept of
industrial policy 30 years after Margaret Thatcher killed it
off.
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Tuesday kickstarted her bid to reshape the British economy for a
post-Brexit world, reviving the once unfashionable concept of
industrial policy 30 years after Margaret Thatcher killed it
off.
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UPDATE 2-Nobel Prize-winning Egyptian chemist Zewail dies
CAIRO, Aug 2 (Reuters) - Nobel Prize-winning
Egyptian-American chemist Ahmed Zewail, a science and technology
advisor to President Barack Obama and the first U.S. science
envoy to the Middle East, died on Tuesday in the United States,
his spokesman told Egyptian state TV.
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Egyptian-American chemist Ahmed Zewail, a science and technology
advisor to President Barack Obama and the first U.S. science
envoy to the Middle East, died on Tuesday in the United States,
his spokesman told Egyptian state TV.
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UK construction hit by Brexit but some weathering storm
LONDON, Aug 2 (Reuters) - As Britain's construction industry
reels from its sharpest downturn for seven years, it is
companies that operate under longer-term contracts and have less
exposure to London that are better weathering market uncertainty
caused by the Brexit vote.
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reels from its sharpest downturn for seven years, it is
companies that operate under longer-term contracts and have less
exposure to London that are better weathering market uncertainty
caused by the Brexit vote.
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Hershey, Alphabet spell another big day of bonds
NEW YORK, Aug 2 (IFR) - Chocolate-maker Hershey and Google's
parent company Alphabet spearheaded another deluge of deals in
the US high-grade bond market Tuesday as companies seize the day
to raise fresh cash.
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parent company Alphabet spearheaded another deluge of deals in
the US high-grade bond market Tuesday as companies seize the day
to raise fresh cash.
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Pakistan shares end lower; rupee stronger, o/n rates fall
KARACHI, Aug 2(Reuters) - Pakistan stocks edged lower on
Tuesday to snap five sessions of gains as the market witnessed
consolidation, dealers said.
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Tuesday to snap five sessions of gains as the market witnessed
consolidation, dealers said.
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RPT-COLUMN-Gold rally's Achilles heel may be soft China, India demand: Russell
LAUNCESTON, Australia, Aug 2 (Reuters) - There is little
doubt that gold has had a stellar year so far, surging almost 28
percent, but there may be some areas of concern emerging that
could act as a brake on further gains.
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doubt that gold has had a stellar year so far, surging almost 28
percent, but there may be some areas of concern emerging that
could act as a brake on further gains.
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Rio Tinto to invest $338 mln in Silvergrass iron ore mine
Aug 2 (Reuters) - Rio Tinto Plc/Ltd said on
Tuesday it would invest $338 million to complete the development
of its Silvergrass iron ore mine in Western Australia.
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Tuesday it would invest $338 million to complete the development
of its Silvergrass iron ore mine in Western Australia.
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UPDATE 1-Rio Tinto to invest $338 mln in Silvergrass iron ore mine
Aug 2 (Reuters) - Rio Tinto Plc/Ltd said on
Tuesday it would invest $338 million to complete the development
of its Silvergrass iron ore mine in Western Australia.
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Tuesday it would invest $338 million to complete the development
of its Silvergrass iron ore mine in Western Australia.
Read more
China's Iran specialist Zhuhai Zhenrong tips senior crude trader as head
BEIJING, Aug 2 (Reuters) - Zhuhai Zhenrong Corp, a
state-owned trader that started China's Iranian oil business,
has appointed a senior trading manager to head the company,
officials at the firm said on Tuesday.
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state-owned trader that started China's Iranian oil business,
has appointed a senior trading manager to head the company,
officials at the firm said on Tuesday.
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UPDATE 1-Miner Fresnillo's CEO says silver has bottomed
Aug 2 (Reuters) - Fresnillo Plc's chief executive
said the price of silver had bottomed, and added the miner would
report a stronger core profit in the second half than the first
if prices remained at current levels.
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said the price of silver had bottomed, and added the miner would
report a stronger core profit in the second half than the first
if prices remained at current levels.
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Carlyle could make a brace of $2 bln acquisitions in Japan - exec
TOKYO, Aug 2 (Reuters) - Private equity firm Carlyle Group
said it could make a pair of acquisitions in Japan worth
$2 billion apiece, a strategic departure from a previous focus
on smaller deals as big Japanese firms are gearing up for
spinoffs of larger assets.
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said it could make a pair of acquisitions in Japan worth
$2 billion apiece, a strategic departure from a previous focus
on smaller deals as big Japanese firms are gearing up for
spinoffs of larger assets.
Read more
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