Dec 1 (Reuters) - Australian shares rallied on Thursday,
powered by financials, miners and energy stocks, after oil
cartel OPEC agreed to cut crude output to clear a glut.
Read more
Wednesday, November 30, 2016
China slaps new fees on Mongolian exporters amid Dalai Lama row
ULAANBAATAR, Dec 1 (Reuters) - A major border crossing
between China and Mongolia has imposed new fees on commodity
shipments between the two countries, amid a diplomatic row
sparked by the visit to Ulaanbaatar of the Tibetan spiritual
leader the Dalai Lama last week.
Read more
between China and Mongolia has imposed new fees on commodity
shipments between the two countries, amid a diplomatic row
sparked by the visit to Ulaanbaatar of the Tibetan spiritual
leader the Dalai Lama last week.
Read more
China says total overseas development aid tops $58 bln
BEIJING, Dec 1 (Reuters) - China has given around 400
billion yuan ($58.01 billion) in development aid to 166
countries and international organisations over the past six
decades, the government said on Thursday, less than the European
Union and its members gave for just last year.
Read more
billion yuan ($58.01 billion) in development aid to 166
countries and international organisations over the past six
decades, the government said on Thursday, less than the European
Union and its members gave for just last year.
Read more
RPT-COLUMN-Another crack appears in tin's stressed supply chain: Andy Home
LONDON, Nov 30 (Reuters) - Tin has been largely immune from
the speculative froth whipping across the rest of the industrial
metals complex.
Read more
the speculative froth whipping across the rest of the industrial
metals complex.
Read more
U.S. judge throws out Kodak, Fujifilm aluminum price-fixing cases
NEW YORK, Nov 30 (Reuters) - A U.S. judge on Wednesday threw
out the last vestiges of private litigation over alleged
aluminum price-fixing, dismissing lawsuits by Eastman Kodak Co
, Fujifilm Holdings Corp, Reynolds Consumer
Products and three other plaintiffs.
Read more
out the last vestiges of private litigation over alleged
aluminum price-fixing, dismissing lawsuits by Eastman Kodak Co
, Fujifilm Holdings Corp, Reynolds Consumer
Products and three other plaintiffs.
Read more
Paladin Energy, lenders in talks as uranium mine stake sale stalls
MELBOURNE, Dec 1 (Reuters) - Uranium miner Paladin Energy
said on Thursday it is talking to its bondholders and
others to shore up its finances as a planned sale of a stake in
its main mine to a Chinese state-owned firm has been delayed.
Read more
said on Thursday it is talking to its bondholders and
others to shore up its finances as a planned sale of a stake in
its main mine to a Chinese state-owned firm has been delayed.
Read more
New York thief grabs pot of gold off armored truck - police
NEW YORK, Nov 30 (Reuters) - New York police are searching
for a green-clad man who swiped an 86-pound (39 kg) pail of gold
flakes off an armored truck two months ago and disappeared with
the estimated $1.6 million in treasure.
Read more
for a green-clad man who swiped an 86-pound (39 kg) pail of gold
flakes off an armored truck two months ago and disappeared with
the estimated $1.6 million in treasure.
Read more
Kenya's NSE to start offering ETFs in diversification drive
KIGALI, Nov 30 (Reuters) - Kenya's Nairobi Securities
Exchange expects its first exchange traded fund (ETF)
to be approved by the regulator this year and trading to start
soon after.
Read more
Exchange expects its first exchange traded fund (ETF)
to be approved by the regulator this year and trading to start
soon after.
Read more
COLUMN-Another crack appears in tin's stressed supply chain: Andy Home
LONDON, Nov 30 (Reuters) - Tin has been largely immune from
the speculative froth whipping across the rest of the industrial
metals complex.
Read more
the speculative froth whipping across the rest of the industrial
metals complex.
Read more
Death toll at KGHM Polish copper mine rises to four
WARSAW, Nov 30 (Reuters) - The death toll from an earth
tremor at the Rudna copper mine in southwestern Poland has risen
to four, the mine's director Pawel Markowski said on Wednesday.
Read more
tremor at the Rudna copper mine in southwestern Poland has risen
to four, the mine's director Pawel Markowski said on Wednesday.
Read more
UPDATE 3-Linde considers fresh merger overture from Praxair
* Linde supervisory board to convene Dec. 7 - source
(Adds board meeting, shares, analyst comment)
Read more
(Adds board meeting, shares, analyst comment)
Read more
Indonesia's parliament reappoints scandal-hit speaker
JAKARTA, Nov 30 (Reuters) - Indonesia's parliament on
Wednesday reappointed Setya Novanto as its speaker, reinstating
him despite a scandal last year when he was accused of trying to
extort $1.8 billion of shares from the local unit of U.S. mining
giant Freeport McMoran Inc.
Read more
Wednesday reappointed Setya Novanto as its speaker, reinstating
him despite a scandal last year when he was accused of trying to
extort $1.8 billion of shares from the local unit of U.S. mining
giant Freeport McMoran Inc.
Read more
UPDATE 1-Shanghai exchange limits zinc, lead positions for non-members
BEIJING, Nov 30 (Reuters) - Shanghai Futures Exchange said
on Wednesday it will limit intraday position sizes in January
and February zinc and lead futures for non-members, as one of
China's top commodity markets again moved to curb speculators
that have piled into metals.
Read more
on Wednesday it will limit intraday position sizes in January
and February zinc and lead futures for non-members, as one of
China's top commodity markets again moved to curb speculators
that have piled into metals.
Read more
Albanian PM warns EU against leaving "vacuum" in the Balkans
BERLIN, Nov 30 (Reuters) - Russia and Islamist militants
could try to boost their influence in the Balkan nations if the
European Union doesn't take them in as members, Albania's Prime
Minister Edi Rama said in an interview published on Wednesday.
Read more
could try to boost their influence in the Balkan nations if the
European Union doesn't take them in as members, Albania's Prime
Minister Edi Rama said in an interview published on Wednesday.
Read more
Implats group approves development of $264 mln Mupani mine in Zimbabwe
JOHANNESBURG, Nov 30 (Reuters) - South Africa's Impala
Platinum Holdings Ltd (Implats) and Zimplats'
board have approved the development of the $264 million Mupani
Mine, which will increase the Zimbabwe unit's mineral reserves,
the company said on Wednesday.
Read more
Platinum Holdings Ltd (Implats) and Zimplats'
board have approved the development of the $264 million Mupani
Mine, which will increase the Zimbabwe unit's mineral reserves,
the company said on Wednesday.
Read more
COMMODITIES-China liquidity fears trigger exodus from steel to rubber
BEIJING/MELBOURE, Nov 30 (Reuters) - An exodus of cash from
steel to rubber to zinc threatened a blistering months-long
rally across global commodity markets on Wednesday, triggered by
fresh concerns about liquidity in China, the world's second
largest economy.
Read more
steel to rubber to zinc threatened a blistering months-long
rally across global commodity markets on Wednesday, triggered by
fresh concerns about liquidity in China, the world's second
largest economy.
Read more
Tuesday, November 29, 2016
Australia home building boom fast turning to rubble
SYDNEY, Nov 30 (Reuters) - Australia is watching a
much-needed boom in home building turn to rubble after approvals
for new projects collapsed in October, a violent turnaround that
could undermine policymakers' hopes for solid economic growth
next year.
Read more
much-needed boom in home building turn to rubble after approvals
for new projects collapsed in October, a violent turnaround that
could undermine policymakers' hopes for solid economic growth
next year.
Read more
UPDATE 3-Two miners dead, 6 missing after earthquake hits Polish mine
* Accident occurred in mine owned by copper producer KGHM
(Updates number of dead and missing miners)
Read more
(Updates number of dead and missing miners)
Read more
Rescuers searching for miners trapped after quake in Poland -local TV
WARSAW, Nov 29 (Reuters) - Several miners are missing after
an underground earthquake occurred at the Rudna mine in
Polkowice in southwestern Poland, TVN24 private broadcaster
reported on Tuesday.
Read more
an underground earthquake occurred at the Rudna mine in
Polkowice in southwestern Poland, TVN24 private broadcaster
reported on Tuesday.
Read more
Sherritt cuts production forecast for Moa nickel JV after bridge collapse
Nov 29 (Reuters) - Sherritt International Corp cut
its full-year production forecast for its joint nickel venture
in Cuba following the collapse of a municipal bridge there last
week that killed four workers.
Read more
its full-year production forecast for its joint nickel venture
in Cuba following the collapse of a municipal bridge there last
week that killed four workers.
Read more
Saudi king showcases mining hub in push to move beyond oil
RAS AL-KHAIR, Saudi Arabia, Nov 29 (Reuters) - Saudi
Arabia's King Salman underlined the kingdom's intention to
invest heavily in speeding up is diversification away from oil
exports with the inauguration on Tuesday of a $35 billion mining
and minerals processing complex.
Read more
Arabia's King Salman underlined the kingdom's intention to
invest heavily in speeding up is diversification away from oil
exports with the inauguration on Tuesday of a $35 billion mining
and minerals processing complex.
Read more
Czech lawmakers approve law to curb politicians' business interests
PRAGUE, Nov 29 (Reuters) - The Czech lower house on Tuesday
approved amendments to a draft bill designed to limit
politicians' business interests, moving closer to clipping the
wings of the country's billionaire Finance Minister Andrej
Babis.
Read more
approved amendments to a draft bill designed to limit
politicians' business interests, moving closer to clipping the
wings of the country's billionaire Finance Minister Andrej
Babis.
Read more
RPT-Demergers and destruction: activists press Europe conglomerates
AMSTERDAM, Nov 29 (Reuters) - The days of the European
conglomerate may be numbered, as activist shareholders are
pressing diversified groups to spin off secondary businesses and
focus on doing one thing well.
Read more
conglomerate may be numbered, as activist shareholders are
pressing diversified groups to spin off secondary businesses and
focus on doing one thing well.
Read more
Botswana's Debswana says expanded mine to produce first diamonds in 2017
GABORONE, Nov 29 (Reuters) - Botswana's Debswana, the
world's biggest diamond producer by sales value, is on track to
produce its first diamonds from the expanded Jwaneng mine by
next year, a company official said on Tuesday.
Read more
world's biggest diamond producer by sales value, is on track to
produce its first diamonds from the expanded Jwaneng mine by
next year, a company official said on Tuesday.
Read more
Demergers and destruction: activists press Europe conglomerates
AMSTERDAM, Nov 29 (Reuters) - The days of the European
conglomerate may be numbered, as activist shareholders are
pressing diversified groups to spin off secondary businesses and
focus on doing one thing well.
Read more
conglomerate may be numbered, as activist shareholders are
pressing diversified groups to spin off secondary businesses and
focus on doing one thing well.
Read more
Husband of former LME accountant wants fraud charges dismissed
LONDON, Nov 29 (Reuters) - The husband of a former
accountant at the London Metal Exchange (LME) will ask that
fraud charges against him be dismissed due to lack of evidence,
a court hearing heard on Tuesday.
Read more
accountant at the London Metal Exchange (LME) will ask that
fraud charges against him be dismissed due to lack of evidence,
a court hearing heard on Tuesday.
Read more
Sri Lanka shares hit near 8-mth low on foreign fund outflow
COLOMBO, Nov 29 (Reuters) - Sri Lankan shares fell on
Tuesday for the third straight session to end at a near
eight-month low as foreign investors trimmed their exposure to
the island nation's risky assets amid concerns over budget tax
proposals.
Read more
Tuesday for the third straight session to end at a near
eight-month low as foreign investors trimmed their exposure to
the island nation's risky assets amid concerns over budget tax
proposals.
Read more
UPDATE 1-Mechel reports third-quarter loss, misses out on coal price surge
MOSCOW, Nov 29 (Reuters) - Metals and mining group Mechel
on Tuesday reported a third-quarter net loss of 2.8
billion roubles ($43 million) as a surge in the price of its
main product coking coal came too late to bolster its earnings.
Read more
on Tuesday reported a third-quarter net loss of 2.8
billion roubles ($43 million) as a surge in the price of its
main product coking coal came too late to bolster its earnings.
Read more
Rio seeks iron ore premium from China mills in likely pricing war revival - sources
MANILA, Nov 29 (Reuters) - Australian miner Rio Tinto
is asking Chinese steel mills to pay a premium
for its highest grade iron ore product for the first time since
an annual pricing system collapsed in 2010, two sources familiar
with the situation said.
Read more
is asking Chinese steel mills to pay a premium
for its highest grade iron ore product for the first time since
an annual pricing system collapsed in 2010, two sources familiar
with the situation said.
Read more
U.S. authorities scrutinise Rio's 2013 coal writedown - sources
SYDNEY, Nov 29 (Reuters) - The U.S. Securities and Exchange
Commission is investigating a $3 billion impairment charge
booked by miner Rio Tinto in 2013 on the value of a
Mozambican coal asset, two sources familiar with the matter said
on Tuesday.
Read more
Commission is investigating a $3 billion impairment charge
booked by miner Rio Tinto in 2013 on the value of a
Mozambican coal asset, two sources familiar with the matter said
on Tuesday.
Read more
Southern African drought hurts Omnia's first-half profit
JOHANNESBURG, Nov 29 (Reuters) - South African chemicals and
fertiliser maker Omnia Holdings reported a 25 percent
drop in half-year profit on Tuesday hit by slack demand for some
core products due to drought and weak economic growth.
Read more
fertiliser maker Omnia Holdings reported a 25 percent
drop in half-year profit on Tuesday hit by slack demand for some
core products due to drought and weak economic growth.
Read more
UPDATE 1-SGL share issue will see VW and Voith stakes fall
* Carmakers' uptake of carbon fibres lags expectations
(Recasts, adds details on cash call, percentage shareholdings)
Read more
(Recasts, adds details on cash call, percentage shareholdings)
Read more
UPDATE 1-South Africa's Zuma survives move to oust him - media
JOHANNESBURG, Nov 29 (Reuters) - South Africa's
scandal-plagued President Jacob Zuma has survived a move by some
members of his party to hold a no-confidence motion against him,
local media reported on Tuesday without naming sources.
Read more
scandal-plagued President Jacob Zuma has survived a move by some
members of his party to hold a no-confidence motion against him,
local media reported on Tuesday without naming sources.
Read more
UPDATE 2-Japan's Idemitsu JV plans to expand LPG use at naphtha cracker
* Already set to be shut next spring for planned maintenance
(Adds detail in second and fifth paragraphs)
Read more
(Adds detail in second and fifth paragraphs)
Read more
S.Africa's Gupta family asks court to force release of details over closure of accounts
JOHANNESBURG, Nov 29 (Reuters) - South Africa's wealthy
Gupta family, accused in a government corruption probe of
allegedly holding undue influence over President Jacob Zuma,
said on Tuesday it had asked a court to force a financial
regulator to give the family details concerning the closure of
its business accounts.
Read more
Gupta family, accused in a government corruption probe of
allegedly holding undue influence over President Jacob Zuma,
said on Tuesday it had asked a court to force a financial
regulator to give the family details concerning the closure of
its business accounts.
Read more
Monday, November 28, 2016
UPDATE 1-Iluka takeover of Sierra Rutile hits speed bump over tailings dam concern
MELBOURNE, Nov 29 (Reuters) - Iluka Resources Ltd
said on Tuesday it was delaying a planned 215 million-pound
($267 million) takeover of Sierra Rutile Ltd and could
possibly call the deal off after raising concerns about mine
tailings dams.
Read more
said on Tuesday it was delaying a planned 215 million-pound
($267 million) takeover of Sierra Rutile Ltd and could
possibly call the deal off after raising concerns about mine
tailings dams.
Read more
Tailings dam concern may kill Iluka takeover of Sierra Rutile
MELBOURNE, Nov 29 (Reuters) - Iluka Resources Ltd
said on Tuesday it may call off a planned 215 million-pound
($267 million) takeover of Sierra Rutile Ltd after
raising concerns about its mine tailings dams.
Read more
said on Tuesday it may call off a planned 215 million-pound
($267 million) takeover of Sierra Rutile Ltd after
raising concerns about its mine tailings dams.
Read more
Brazil port workers to start 24-hour strike Wednesday -shipping agents
SAO PAULO, Nov 28 (Reuters) - Brazilian port workers are
planning to start a 24-hour strike at 7 a.m. on Wednesday,
shipping agents Williams Brazil said on Monday.
Read more
planning to start a 24-hour strike at 7 a.m. on Wednesday,
shipping agents Williams Brazil said on Monday.
Read more
UPDATE 1-Mexico certifies bidders for December deep water oil auctions
MEXICO CITY, Nov 28 (Reuters) - Mexico's oil regulator
announced on Monday a final list of 17 oil companies
representing a dozen countries that have pre-qualified to bid on
the country's first-ever deep water oil auctions, set for Dec.
5.
Read more
announced on Monday a final list of 17 oil companies
representing a dozen countries that have pre-qualified to bid on
the country's first-ever deep water oil auctions, set for Dec.
5.
Read more
CORRECTED-Mexico certifies bidders for December deep water oil auctions
MEXICO CITY, Nov 28 (Reuters) - Mexico's oil regulator
announced on Monday a final list of 17 oil companies
representing a dozen countries that have pre-qualified to bid on
the country's first-ever deep water oil auctions, set for Dec.
5.
Read more
announced on Monday a final list of 17 oil companies
representing a dozen countries that have pre-qualified to bid on
the country's first-ever deep water oil auctions, set for Dec.
5.
Read more
Self-driving cars coming to public roads of Ontario, Canada
Nov 28 (Reuters) - Self-driving cars backed in part by the
phonemaker BlackBerry Ltd have been approved for testing
on Canadian public roads in the first such program in the
country, the government for the province of Ontario said on
Monday.
Read more
phonemaker BlackBerry Ltd have been approved for testing
on Canadian public roads in the first such program in the
country, the government for the province of Ontario said on
Monday.
Read more
Cuba-focused closed-end fund rallies in wake of Castro's death
NEW YORK, Nov 28 (Reuters) - The only Cuba-focused stock
fund in the United States rallied more than 13 percent Monday, a
sign investors expect Fidel Castro's death to continue to open
up relations between the United States and the island country
despite President-elect Donald Trump's threat to end the
normalization process that began under President Obama in 2014.
Read more
fund in the United States rallied more than 13 percent Monday, a
sign investors expect Fidel Castro's death to continue to open
up relations between the United States and the island country
despite President-elect Donald Trump's threat to end the
normalization process that began under President Obama in 2014.
Read more
UPDATE 1-Islamic finance group approves standard for gold products
Nov 28 (Reuters) - The Bahrain-based group that issues
guidelines generally followed by Islamic financial institutions
has approved a sharia standard for gold-based products in a bid
to expand the use of bullion in Islamic finance.
Read more
guidelines generally followed by Islamic financial institutions
has approved a sharia standard for gold-based products in a bid
to expand the use of bullion in Islamic finance.
Read more
S.Africa mine sector on a "knife edge" due to political strife -Sibanye CEO
LONDON, Nov 28 (Reuters) - South Africa's key mining
industry is at risk of collapse due to political unrest and
labour instability which have negatively impacted investment
into the country, the chief executive of the nation's biggest
gold company said on Monday.
Read more
industry is at risk of collapse due to political unrest and
labour instability which have negatively impacted investment
into the country, the chief executive of the nation's biggest
gold company said on Monday.
Read more
REFILE-UPDATE 1-Indonesian miner Antam's nickel smelter plans hinge on easing of ore export ban -CEO
JAKARTA, Nov 28 (Reuters) - Indonesian state-controlled
miner PT Aneka Tambang Tbk (Antam) may not have the
cash flow for downstream investments worth at least $500 million
if a ban on nickel ore exports is not eased, its chief executive
told Reuters on Monday.
Read more
miner PT Aneka Tambang Tbk (Antam) may not have the
cash flow for downstream investments worth at least $500 million
if a ban on nickel ore exports is not eased, its chief executive
told Reuters on Monday.
Read more
Finnish parliament watchdog to review PM Sipila's actions in nickel mine funding
HELSINKI, Nov 28 (Reuters) - Finnish Prime Minister Juha
Sipila's conduct is to be reviewed by the parliamentary
ombudsman for a possible conflict of interest in government
funding for a state-owned nickel mine, the watchdog said on
Monday.
Read more
Sipila's conduct is to be reviewed by the parliamentary
ombudsman for a possible conflict of interest in government
funding for a state-owned nickel mine, the watchdog said on
Monday.
Read more
Sri Lanka shares hit near 8-mth low ahead of cenbank rate decision
COLOMBO, Nov 28 (Reuters) - Sri Lankan shares fell on Monday
to a near eight-month low, ahead of central bank policy rate
announcement as investors kept to the sidelines amid concerns
over budget tax proposals including revisions in corporate and
withholding taxes.
Read more
to a near eight-month low, ahead of central bank policy rate
announcement as investors kept to the sidelines amid concerns
over budget tax proposals including revisions in corporate and
withholding taxes.
Read more
Islamic finance body approves standard for gold-based products
Nov 28 (Reuters) - The Bahrain-based Accounting and Auditing
Organisation for Islamic Financial Institutions (AAOIFI) said on
Monday it had approved a sharia standard for gold-based
products, a move aimed at expanding the use of bullion in
Islamic finance.
Read more
Organisation for Islamic Financial Institutions (AAOIFI) said on
Monday it had approved a sharia standard for gold-based
products, a move aimed at expanding the use of bullion in
Islamic finance.
Read more
Sunday, November 27, 2016
Umicore completes sale of zinc units to U.S. private equity firm
LONDON, Nov 28 (Reuters) - Belgian specialty materials group
Umicore has completed the sale of its zinc units to
U.S. based private equity firm OpenGate Capital for $150
million.
Read more
Umicore has completed the sale of its zinc units to
U.S. based private equity firm OpenGate Capital for $150
million.
Read more
COLUMN-Rio Tinto disposes of iron ore elephant, signals flexibility: Russell
LAUNCESTON, Australia, Nov 28 (Reuters) - Almost unnoticed,
Rio Tinto Chief Executive Jean Sebastien Jacques has ushered the
China iron ore elephant out of the room.
Read more
Rio Tinto Chief Executive Jean Sebastien Jacques has ushered the
China iron ore elephant out of the room.
Read more
UPDATE 2-East Congo militia kills 30 civilians, most from rival ethnic group
KINSHASA, Nov 27 (Reuters) - An ethnic Nande militia in
eastern Democratic Republic of Congo killed about 30 civilians,
mostly Hutus, on Sunday morning, local sources said, in an
apparent escalation of deadly violence between the two groups
that has flared repeatedly this year.
Read more
eastern Democratic Republic of Congo killed about 30 civilians,
mostly Hutus, on Sunday morning, local sources said, in an
apparent escalation of deadly violence between the two groups
that has flared repeatedly this year.
Read more
UPDATE 1-Islamic State uses "chemical gas" against Syrian rebels -Turkish media
ISTANBUL, Nov 27 (Reuters) - Islamic State militants have
fired a rocket in northern Syria that caused symptoms of
"chemical gas" exposure in 22 Syrian rebels, state media cited
Turkey's military as saying on Sunday.
Read more
fired a rocket in northern Syria that caused symptoms of
"chemical gas" exposure in 22 Syrian rebels, state media cited
Turkey's military as saying on Sunday.
Read more
East Congo militia kills 30 civilians, most from rival ethnic group
KINSHASA, Nov 27 (Reuters) - An ethnic Nande militia in
eastern Democratic Republic of Congo killed about 30 civilians,
mostly Hutus, on Sunday morning, local sources said, in an
apparent escalation of deadly violence between the two groups
that has flared repeatedly this year.
Read more
eastern Democratic Republic of Congo killed about 30 civilians,
mostly Hutus, on Sunday morning, local sources said, in an
apparent escalation of deadly violence between the two groups
that has flared repeatedly this year.
Read more
Coal price surge sets miners against activists by English seaside
DRURIDGE BAY, England, Nov 27 (Reuters) - In northeastern
England, a battle is raging between grass roots campaigners and
a company intent on digging a new open cast mine as world coal
prices soar.
Read more
England, a battle is raging between grass roots campaigners and
a company intent on digging a new open cast mine as world coal
prices soar.
Read more
Syria attack causes "chemical gas" symptoms in rebels -Turkish media
ISTANBUL, Nov 27 (Reuters) - A rocket attack by Islamic
State militants in northern Syria caused symptoms of "chemical
gas" in 22 Syrian rebels, state media cited the Turkish armed
forces as saying on Sunday.
Read more
State militants in northern Syria caused symptoms of "chemical
gas" in 22 Syrian rebels, state media cited the Turkish armed
forces as saying on Sunday.
Read more
Australia's gold miners dig deeper as local currency falls
SYDNEY, Nov 27 (Reuters) - Gold miners in Australia,
motivated by a weak currency, are overcoming inclement weather
to dig deeper for more bullion, quarterly production figures
released on Sunday show.
Read more
motivated by a weak currency, are overcoming inclement weather
to dig deeper for more bullion, quarterly production figures
released on Sunday show.
Read more
Saturday, November 26, 2016
Germany's Merkel says G20 must tackle global steel glut
BERLIN, Nov 26 (Reuters) - The G20 group of leading
economies must find a solution to excess capacity in the global
steel industry, German Chancellor Angela Merkel said on
Saturday, adding that overproduction in some countries was
causing job losses elsewhere.
Read more
economies must find a solution to excess capacity in the global
steel industry, German Chancellor Angela Merkel said on
Saturday, adding that overproduction in some countries was
causing job losses elsewhere.
Read more
Friday, November 25, 2016
Kirkland Lake Gold shareholders approve Newmarket takeover
TORONTO, Nov 25 (Reuters) - Mid-tier Canadian miner Kirkland
Lake Gold said on Friday its shareholders voted heavily
in favor of its takeover of Newmarket Gold, confirming
a Reuters story on Thursday.
Read more
Lake Gold said on Friday its shareholders voted heavily
in favor of its takeover of Newmarket Gold, confirming
a Reuters story on Thursday.
Read more
UPDATE 1-Peru says will find replacement for Odebrecht on pipeline in Jan
LIMA, Nov 25 (Reuters) - Peru's President Pedro Pablo
Kuczynski said on Friday that he expects to find a company in
early January to replace Brazilian engineering conglomerate
Odebrecht SA as the builder and operator of a
proposed $5 billion natural gas pipeline.
Read more
Kuczynski said on Friday that he expects to find a company in
early January to replace Brazilian engineering conglomerate
Odebrecht SA as the builder and operator of a
proposed $5 billion natural gas pipeline.
Read more
UPDATE 1-U.S. lumber industry seeks duties on Canadian softwood lumber
WASHINGTON, Nov 25 (Reuters) - A group representing the U.S.
lumber industry and some of its workers on Friday called on
authorities to impose duties on Canadian softwood lumber,
reigniting a long-standing trade dispute between the two
nations.
Read more
lumber industry and some of its workers on Friday called on
authorities to impose duties on Canadian softwood lumber,
reigniting a long-standing trade dispute between the two
nations.
Read more
India's Tata Steel removes Cyrus Mistry as chairman
MUMBAI, Nov 25 (Reuters) - India's Tata Steel has removed
former head of Tata Sons Cyrus Mistry as chairman of its board
in a board meeting held in Mumbai on Friday, the company said in
a statement.
Read more
former head of Tata Sons Cyrus Mistry as chairman of its board
in a board meeting held in Mumbai on Friday, the company said in
a statement.
Read more
Multi-nationals overcome Brexit strains to boost FTSE earnings
LONDON, Nov 25 (Reuters) - Major companies listed in London
overcame the shock of Brexit to report robust third quarter
trading, with strong performances from multi-national firms
helping to offset domestic pressure and lift overall forecasts.
Read more
overcame the shock of Brexit to report robust third quarter
trading, with strong performances from multi-national firms
helping to offset domestic pressure and lift overall forecasts.
Read more
Sri Lanka shares end little changed; turnover slumps
COLOMBO, Nov 25 (Reuters) - Sri Lankan shares ended little
changed on Friday, hovering near eight-month lows, while
turnover slumped as investors kept to the sidelines on concerns
over recent tax proposals.
Read more
changed on Friday, hovering near eight-month lows, while
turnover slumped as investors kept to the sidelines on concerns
over recent tax proposals.
Read more
Mali government seeks stakes in gold refineries
BAMAKO, Nov 25 (Reuters) - Mali's government plans to take
stakes in the country's two gold refineries by 2018, the
minister of industrial development told state radio on Friday,
in a move to increase revenues from production in Africa's
third-largest gold producer.
Read more
stakes in the country's two gold refineries by 2018, the
minister of industrial development told state radio on Friday,
in a move to increase revenues from production in Africa's
third-largest gold producer.
Read more
UPDATE 1-Aluminium producers seek Q1 premium of $95-$110/T from Japanese buyers -sources
* Negotiations to continue through December
(Recasts with other producers' offers and buyers' comments)
Read more
(Recasts with other producers' offers and buyers' comments)
Read more
China probes Chongqing Iron and Steel Group executive over 'discipline breach'
BEIJING, Nov 25 (Reuters) - The deputy general manager of
state-owned Chongqing Iron and Steel Co (Group), parent of
Shanghai-listed Chongqing Iron and Steel Co, is
being investigated by China's ruling Communist Party, the
party's anti-graft watchdog said on Friday.
Read more
state-owned Chongqing Iron and Steel Co (Group), parent of
Shanghai-listed Chongqing Iron and Steel Co, is
being investigated by China's ruling Communist Party, the
party's anti-graft watchdog said on Friday.
Read more
Olympics-China plans skiing, skating drive for 2022 Winter Games
SHANGHAI, Nov 25 (Reuters) - China wants to get 300 million citizens involved in winter sports by the 2022 Beijing Winter Olympics and plans to encourage them by building more than 500 ice skating rinks and 240 ski slopes over the next six years, the government said.
Read more
Read more
Asia Gold-China premiums hit near 3-year high on possible import restrictions
BENGALURU/MUMBAI, Nov 25 (Reuters) - Gold premiums in top
consumer China jumped to the highest in nearly three years this
week on worries over a supply shortage that traders said were
due to Beijing's efforts to restrict import licenses.
Read more
consumer China jumped to the highest in nearly three years this
week on worries over a supply shortage that traders said were
due to Beijing's efforts to restrict import licenses.
Read more
Australia, New Zealand shares close higher, supported by materials
Nov 25 - Australian shares ended Friday higher, underpinned
by materials that rose on an extended rally in base metal
prices.
Read more
by materials that rose on an extended rally in base metal
prices.
Read more
Thursday, November 24, 2016
Traders on edge as volatility surges in China's iron ore futures
MANILA, Nov 25 (Reuters) - Surging volatility in China's
iron ore futures is sending global prices on a roller-coaster
ride, spelling risks for traders and steel mills, some of whom
are losing faith in a market swayed by speculative Chinese
money.
Read more
iron ore futures is sending global prices on a roller-coaster
ride, spelling risks for traders and steel mills, some of whom
are losing faith in a market swayed by speculative Chinese
money.
Read more
New Zealand looks offshore for workers to rebuild after quake
WELLINGTON, Nov 25 (Reuters) - New Zealand is looking
offshore for hundreds of workers to rebuild roads, railways and
buildings after this month's earthquake amid a shortage of local
workers in an overstretched construction industry.
Read more
offshore for hundreds of workers to rebuild roads, railways and
buildings after this month's earthquake amid a shortage of local
workers in an overstretched construction industry.
Read more
UPDATE 1-Rio Tinto sees potential demand boost, less red tape in Trump presidency
* Skirts questions on Guinea Simandou investigation
(Adds executive comment on Trump, response on Simandou)
Read more
(Adds executive comment on Trump, response on Simandou)
Read more
UPDATE 1-BHP Vale to fund, extend credit over Samarco disaster
SYDNEY, Nov 25 (Reuters) - BHP Billiton and Vale Sa
have each approved $181 million to fund remediation
and compensation programs at the Samarco iron ore joint venture
in Brazil following a deadly mine disaster in November 2015.
Read more
have each approved $181 million to fund remediation
and compensation programs at the Samarco iron ore joint venture
in Brazil following a deadly mine disaster in November 2015.
Read more
Chinese official defends Chinese takeovers of German firms - newspaper
BERLIN, Nov 24 (Reuters) - Chinese Vice Premier Liu Yandong
on Thursday defended efforts by Chinese companies to take stakes
in German companies, saying such deals benefitted both sides.
Read more
on Thursday defended efforts by Chinese companies to take stakes
in German companies, saying such deals benefitted both sides.
Read more
CANADA STOCKS-TSX dips as energy trims some recent gains
TORONTO, Nov 24 (Reuters) - Canada's main stock index edged
lower on Thursday as energy shares pared some recent gains,
offsetting a rebound in the materials group as copper rallied.
Read more
lower on Thursday as energy shares pared some recent gains,
offsetting a rebound in the materials group as copper rallied.
Read more
UPDATE 2-Barrick mulls Kalgoorlie bid of roughly $1.3 bln by China's Minjar-sources
TORONTO, Nov 24 (Reuters) - Barrick Gold is
reviewing the financial backing behind an approximately $1.3
billion bid for its stake in Australia's Kalgoorlie mine by
Minjar Gold, a unit of Shanghai-listed Shandong Tyan Home
, two sources told Reuters.
Read more
reviewing the financial backing behind an approximately $1.3
billion bid for its stake in Australia's Kalgoorlie mine by
Minjar Gold, a unit of Shanghai-listed Shandong Tyan Home
, two sources told Reuters.
Read more
UPDATE 1-Kirkland Lake shareholders vote for Newmarket takeover -sources
TORONTO, Nov 24 (Reuters) - More than 80 percent of Kirkland
Lake Gold shareholders have voted in favor of the
mid-tier miner's takeover of Newmarket Gold, according
to two sources familiar with the situation, marking the end of a
contentious process.
Read more
Lake Gold shareholders have voted in favor of the
mid-tier miner's takeover of Newmarket Gold, according
to two sources familiar with the situation, marking the end of a
contentious process.
Read more
CANADA STOCKS-TSX Makes small gains as materials rebound
TORONTO, Nov 24 (Reuters) - Canada's main stock index made
small but broad gains on Thursday, with materials stocks
partially recovering from sharp losses in the previous session.
Read more
small but broad gains on Thursday, with materials stocks
partially recovering from sharp losses in the previous session.
Read more
Peru govt renews bid to keep conflicts from turning deadly
LIMA, Nov 24 (Reuters) - A government commission in Peru
traveled to a remote Andean region this week to reassure locals
that sorely-needed public works were on the way, part of a
renewed bid to keep conflicts in the mineral-rich country from
turning deadly, the government said on Thursday.
Read more
traveled to a remote Andean region this week to reassure locals
that sorely-needed public works were on the way, part of a
renewed bid to keep conflicts in the mineral-rich country from
turning deadly, the government said on Thursday.
Read more
UPDATE 1-Russia warns of quarantine if swine fever spreads in south
MOSCOW, Nov 24 (Reuters) - Russia's food safety watchdog
said on Thursday it would have to introduce a quarantine that
could hit agricultural exports if there were more outbreaks of
African Swine Fever (ASF) at pork breeding facilities in the
southern Krasnodar region.
Read more
said on Thursday it would have to introduce a quarantine that
could hit agricultural exports if there were more outbreaks of
African Swine Fever (ASF) at pork breeding facilities in the
southern Krasnodar region.
Read more
Protests flare in eastern India after changes to decades-old land laws
BHUBANESWAR, India, Nov 24 (Thomson Reuters Foundation) -
P rotests over land rights flared for a second day in the eastern
Indian state of Jharkhand, as activists and indigenous people
took to the streets after the state assembly approved amendments
to colonial-era land laws despite strong opposition.
Read more
P rotests over land rights flared for a second day in the eastern
Indian state of Jharkhand, as activists and indigenous people
took to the streets after the state assembly approved amendments
to colonial-era land laws despite strong opposition.
Read more
UPDATE 1-Investor in South Africa's Cell C asks court to block stake sale
JOHANNESBURG, Nov 24 (Reuters) - A major investor in the
parent company of South Africa's Cell C Ltd has launched a court
challenge aimed at stopping the sale of a 45-percent stake in
the mobile phone operator to Blue Label Telecoms, according to
court papers seen by Reuters on Thursday.
Read more
parent company of South Africa's Cell C Ltd has launched a court
challenge aimed at stopping the sale of a 45-percent stake in
the mobile phone operator to Blue Label Telecoms, according to
court papers seen by Reuters on Thursday.
Read more
UPDATE 1-Hungarian Mercedes workers hold brief wage strike
BUDAPEST, Nov 24 (Reuters) - Workers at Daimler AG's
Mercedes-Benz plant in Kecskemet, Hungary, held a
two-hour strike demanding higher wages on Wednesday and
threatening a further walk-out if a deal is not agreed.
Read more
Mercedes-Benz plant in Kecskemet, Hungary, held a
two-hour strike demanding higher wages on Wednesday and
threatening a further walk-out if a deal is not agreed.
Read more
Miner South 32 to avoid thermal coal, open to other deals
LONDON, Nov 24 (Reuters) - Australia's South32, the
mining company spun off from BHP Billiton, in
2015, will avoid buying thermal coal because of uncertainties
over demand linked to climate concerns, the company said on
Thursday.
Read more
mining company spun off from BHP Billiton, in
2015, will avoid buying thermal coal because of uncertainties
over demand linked to climate concerns, the company said on
Thursday.
Read more
Sri Lanka shares end 8-day losing streak
COLOMBO, Nov 24 (Reuters) - Sri Lankan shares snapped an
eight-day falling streak to end slightly higher on Thursday, but
concerns over recent tax proposals continued to weigh on
sentiment.
Read more
eight-day falling streak to end slightly higher on Thursday, but
concerns over recent tax proposals continued to weigh on
sentiment.
Read more
Wednesday, November 23, 2016
UPDATE 1-Thyssenkrupp cautious on profit; says cost cuts key
ESSEN, Germany, Nov 24 (Reuters) - German steel-to-elevators
group Thyssenkrupp forecast a smaller-than-expected
rise in operating profit for its current fiscal year and said on
Thursday cost cuts would again be key to meeting its targets
amid volatile raw material prices.
Read more
group Thyssenkrupp forecast a smaller-than-expected
rise in operating profit for its current fiscal year and said on
Thursday cost cuts would again be key to meeting its targets
amid volatile raw material prices.
Read more
Rio Tinto CEO didn't see coal price going up, but expects it to fall
SYDNEY, Nov 24 (Reuters) - Rio Tinto Chief
Executive Jean-Sébastien Jacques on Wednesday admitted he didn't
see the recent meteoric rise in coal prices coming. But he is
already predicting the fall.
Read more
Executive Jean-Sébastien Jacques on Wednesday admitted he didn't
see the recent meteoric rise in coal prices coming. But he is
already predicting the fall.
Read more
Hot, dry weather could hit recovery in Australia cattle industry
SYDNEY, Nov 24 (Reuters) - Hot, dry weather is expected to
hit Australia's largest cattle producing region over the next
three months, potentially curbing the beef industry's recovery
from multi-year drought in the world's No.4 exporter of the
meat.
Read more
hit Australia's largest cattle producing region over the next
three months, potentially curbing the beef industry's recovery
from multi-year drought in the world's No.4 exporter of the
meat.
Read more
UPDATE 2-China will defend WTO rights if Trump moves on tariffs-official
WASHINGTON, Nov 23 (Reuters) - China will defend its rights
under World Trade Organization tariff rules if U.S.
President-elect Donald Trump moves toward executing his campaign
threats to levy punitive duties on goods made in China, a senior
trade official said on Wednesday.
Read more
under World Trade Organization tariff rules if U.S.
President-elect Donald Trump moves toward executing his campaign
threats to levy punitive duties on goods made in China, a senior
trade official said on Wednesday.
Read more
British car demand stalls after Brexit, denting October output
LONDON, Nov 24 (Reuters) - Britain made fewer cars last
month for the first time in more than a year, driven by slower
domestic demand and prompting the industry's lobby group to
renew its call for the government to maintain free trade as
Britain leaves the European Union.
Read more
month for the first time in more than a year, driven by slower
domestic demand and prompting the industry's lobby group to
renew its call for the government to maintain free trade as
Britain leaves the European Union.
Read more
UPDATE 1-Canada may ban farm pesticide that harms midges, mayflies
WINNIPEG, Manitoba, Nov 23 (Reuters) - Canada may ban an
insect-killing chemical used to protect crops because it harms
aquatic bugs, including midges and mayflies, while the
government continues to investigate whether imidacloprid poses a
risk to bees.
Read more
insect-killing chemical used to protect crops because it harms
aquatic bugs, including midges and mayflies, while the
government continues to investigate whether imidacloprid poses a
risk to bees.
Read more
UPDATE 1-Rio Tinto says Simandou payments scandal "very challenging"
SYDNEY, Nov 24 (Reuters) - Rio Tinto Chief
Executive Jean-Sébastien Jacques said on Thursday that issues
raised by the disclosure of payments in Guinea in 2011 were
"very challenging", in his first public appearance since the
scandal erupted.
Read more
Executive Jean-Sébastien Jacques said on Thursday that issues
raised by the disclosure of payments in Guinea in 2011 were
"very challenging", in his first public appearance since the
scandal erupted.
Read more
UPDATE 2-Four workers dead in Cuba bridge collapse - Canada miner Sherritt
TORONTO, Nov 23 (Reuters) - Four workers at a Sherritt
International Corp joint venture in Cuba died on Tuesday,
when a municipal bridge they were repairing collapsed, the
Canadian miner said on Wednesday.
Read more
International Corp joint venture in Cuba died on Tuesday,
when a municipal bridge they were repairing collapsed, the
Canadian miner said on Wednesday.
Read more
Four workers dead in Cuba bridge collapse -Canada miner Sherritt
TORONTO, Nov 23 (Reuters) - Canadian miner Sherritt
International Corp said on Wednesday that four workers
from its Moa joint venture in Cuba had died when a municipal
bridge they were repairing collapsed Tuesday afternoon.
Read more
International Corp said on Wednesday that four workers
from its Moa joint venture in Cuba had died when a municipal
bridge they were repairing collapsed Tuesday afternoon.
Read more
UPDATE 1-Four workers dead in Cuba bridge collapse -Canada miner Sherritt
TORONTO, Nov 23 (Reuters) - Four workers at a Sherritt
International Corp joint venture in Cuba died on Tuesday,
when a municipal bridge they were repairing collapsed, the
Canadian miner said on Wednesday.
Read more
International Corp joint venture in Cuba died on Tuesday,
when a municipal bridge they were repairing collapsed, the
Canadian miner said on Wednesday.
Read more
Brazil's Odebrecht executives to sign deal with prosecutors - source
BRASILIA, Nov 23 (Reuters) - Executives of Brazilian
engineering conglomerate Odebrecht will sign a plea bargain deal
with federal prosecutors on Wednesday or Thursday, a source
close to the negotiations told Reuters.
Read more
engineering conglomerate Odebrecht will sign a plea bargain deal
with federal prosecutors on Wednesday or Thursday, a source
close to the negotiations told Reuters.
Read more
U.S.' Pritzker: Time 'not ripe' to change China market criteria
WASHINGTON, Nov 23 (Reuters) - U.S. Commerce Secretary Penny
Pritzker said on Wednesday that the time was "not ripe" for the
United States to change the way it evaluates whether China has
achieved market economy status and there are no international
trade rules requiring changes in the way U.S. anti-dumping
duties are calculated.
Read more
Pritzker said on Wednesday that the time was "not ripe" for the
United States to change the way it evaluates whether China has
achieved market economy status and there are no international
trade rules requiring changes in the way U.S. anti-dumping
duties are calculated.
Read more
UPDATE 1-Kirkland Lake's largest shareholder says supports Newmarket deal
TORONTO, Nov 23 (Reuters) - Kirkland Lake Gold Inc's
largest shareholder, Van Eck Associates, on Wednesday
reaffirmed its support for the Canadian miner's proposed
takeover of Newmarket Gold Inc as a deadline passed for
shareholder proxy votes to be cast.
Read more
largest shareholder, Van Eck Associates, on Wednesday
reaffirmed its support for the Canadian miner's proposed
takeover of Newmarket Gold Inc as a deadline passed for
shareholder proxy votes to be cast.
Read more
UPDATE 2-Brazil, Odebrecht sign $2.1 bln leniency deal in graft probe- media
SAO PAULO, Nov 23 (Reuters) - Federal prosecutors and
Odebrecht SA have agreed on the world's biggest plea and
leniency deal under which the embattled engineering conglomerate
would pay around 7 billion reais ($2.1 billion) in fines related
to its role in Brazil's biggest corruption scandal, local media
reported.
Read more
Odebrecht SA have agreed on the world's biggest plea and
leniency deal under which the embattled engineering conglomerate
would pay around 7 billion reais ($2.1 billion) in fines related
to its role in Brazil's biggest corruption scandal, local media
reported.
Read more
Top German supervisory board chairs earn 4.4 pct more in 2016-report
FRANKFURT, Nov 23 (Reuters) - Supervisory board heads at
German blue-chip groups will earn 4.4 percent more in 2016 as
they face tougher challenges, a report said, with top salaries
expected to be paid by Deutsche Bank and Siemens
.
Read more
German blue-chip groups will earn 4.4 percent more in 2016 as
they face tougher challenges, a report said, with top salaries
expected to be paid by Deutsche Bank and Siemens
.
Read more
UPDATE 2-Potash Corp cuts jobs, Canadian potash output as prices sag
WINNIPEG, Manitoba, Nov 23 (Reuters) - Fertilizer maker
Potash Corp of Saskatchewan Inc said on Wednesday that
it was reducing jobs and output at one Canadian mine and
temporarily curtailing production at two others as the sector
struggles with weak prices.
Read more
Potash Corp of Saskatchewan Inc said on Wednesday that
it was reducing jobs and output at one Canadian mine and
temporarily curtailing production at two others as the sector
struggles with weak prices.
Read more
Potash prices hit Israel Chemicals profit despite speciality shift
TEL AVIV, Nov 23 (Reuters) - Israel Chemicals (ICL)
, one of the biggest suppliers of potash to China, India
and Europe, saw its net profit hit by weaker fertiliser prices
in the third quarter, despite growth in its speciality chemicals
business.
Read more
, one of the biggest suppliers of potash to China, India
and Europe, saw its net profit hit by weaker fertiliser prices
in the third quarter, despite growth in its speciality chemicals
business.
Read more
Equatorial Resources aims to invest $1.2 bln in Congo iron project
BRAZZAVILLE, Nov 23 (Reuters) - Africa-focused Australian
mining company Equatorial Resources Ltd will aim to
invest around $1.2 billion to develop its Badondo iron ore
project in Republic of Congo, the company said.
Read more
mining company Equatorial Resources Ltd will aim to
invest around $1.2 billion to develop its Badondo iron ore
project in Republic of Congo, the company said.
Read more
Oil spice: With $3 bln port, Malacca eyes slice of shipping giant Singapore's pie
KUALA LUMPUR, Nov 23 (Reuters) - Once at the heart of the
global spice trade, Malacca is pumping nearly $3 billion into an
ambitious plan to put itself in demand in a different hot
commodity - oil.
Read more
global spice trade, Malacca is pumping nearly $3 billion into an
ambitious plan to put itself in demand in a different hot
commodity - oil.
Read more
Tuesday, November 22, 2016
Tencent, partners ready $218 mln online Chinese insurer HeTai
HONG KONG, Nov 23 (Reuters) - Chinese internet services
giant Tencent Holdings Ltd and a group of seven
investors have moved closer to launching a 1.5 billion yuan
($218 million) online life insurer in China, putting up funds
and signing an agreement to form the venture.
Read more
giant Tencent Holdings Ltd and a group of seven
investors have moved closer to launching a 1.5 billion yuan
($218 million) online life insurer in China, putting up funds
and signing an agreement to form the venture.
Read more
Gold sales heat up in Europe after Trump win but not in U.S.
NEW YORK, Nov 22 (Reuters) - Donald Trump's U.S.
presidential victory has spurred safe-haven buying of physical
gold in Europe, but traditional bullion holders in the United
States are standing pat. After all, many of them are optimistic
after voting for Trump.
Read more
presidential victory has spurred safe-haven buying of physical
gold in Europe, but traditional bullion holders in the United
States are standing pat. After all, many of them are optimistic
after voting for Trump.
Read more
Australia shares extend gains, tracking Wall Street, NZ up
Nov 23 (Reuters) - Australian shares extended gains on
Wednesday hitting a near one-month high, in step with Wall
Street where all three main indices hit intraday record highs
for a second straight session.
Read more
Wednesday hitting a near one-month high, in step with Wall
Street where all three main indices hit intraday record highs
for a second straight session.
Read more
Steel shares surge again, keep post-election strength
NEW YORK, Nov 22 (Reuters) - Investors put fresh bets on
steel company shares on Tuesday as comments about domestic
production from U.S. president-elect Donald Trump helped bolster
the positive investor sentiment in the industry that has been
fueled by the Nov. 8 election.
Read more
steel company shares on Tuesday as comments about domestic
production from U.S. president-elect Donald Trump helped bolster
the positive investor sentiment in the industry that has been
fueled by the Nov. 8 election.
Read more
Brazil says China, Russia dumping steel; holds fire on tariffs
BRASILIA, Nov 22 (Reuters) - Brazil's International Trade
Secretariat characterized exports of hot rolled steel from China
and Russia as "dumping" in an announcement in the Official
Gazette on Tuesday but requested more information before raising
tariffs.
Read more
Secretariat characterized exports of hot rolled steel from China
and Russia as "dumping" in an announcement in the Official
Gazette on Tuesday but requested more information before raising
tariffs.
Read more
Chile regulator says purchase of SQM stake may require public share offer
SANTIAGO, Nov 22 (Reuters) - Chile's SVS securities
regulator said on Tuesday that the eventual buyer of Oro
Blanco's stake in Pampa Calichera must make a public offer to
shareholders in fertilizer company SQM if the acquisition allows
the purchaser to control SQM's board.
Read more
regulator said on Tuesday that the eventual buyer of Oro
Blanco's stake in Pampa Calichera must make a public offer to
shareholders in fertilizer company SQM if the acquisition allows
the purchaser to control SQM's board.
Read more
U.S. Steel to pay $2.2 million to settle pollution suit -Justice Dept.
WASHINGTON, Nov 22 (Reuters) - U.S. Steel Corp. has agreed
to reduce pollution at three plants in the Midwest and pay a
$2.2 million civil penalty to resolve a Clean Air Act lawsuit by
the federal government and three states, the U.S. Justice
Department said on Tuesday.
Read more
to reduce pollution at three plants in the Midwest and pay a
$2.2 million civil penalty to resolve a Clean Air Act lawsuit by
the federal government and three states, the U.S. Justice
Department said on Tuesday.
Read more
UPDATE 1-Chinese official optimistic about US trade amid Trump uncertainty
WASHINGTON, Nov 22 (Reuters) - Chinese Vice Premier Wang
Yang said on Tuesday that U.S. policies toward China under
President-elect Donald Trump may be uncertain, but he is
optimistic because of the U.S. business community's enthusiasm
for U.S.-China trade.
Read more
Yang said on Tuesday that U.S. policies toward China under
President-elect Donald Trump may be uncertain, but he is
optimistic because of the U.S. business community's enthusiasm
for U.S.-China trade.
Read more
Netanyahu vouches for integrity of embattled personal lawyer
JERUSALEM, Nov 22 (Reuters) - Israeli Prime Minister
Benjamin Netanyahu stood by his personal attorney on Tuesday
following media allegations about the lawyer's links to a
multi-million dollar government submarine contract with Germany.
Read more
Benjamin Netanyahu stood by his personal attorney on Tuesday
following media allegations about the lawyer's links to a
multi-million dollar government submarine contract with Germany.
Read more
China vice premier sees optimism for U.S. trade in Trump presidency
WASHINGTON, Nov 22 (Reuters) - Chinese Vice Premier Wang
Yang said on Tuesday that U.S. policies toward China under
President-elect Donald Trump may be uncertain, but he is
optimistic because of the U.S. business community's enthusiasm
for U.S.-China trade.
Read more
Yang said on Tuesday that U.S. policies toward China under
President-elect Donald Trump may be uncertain, but he is
optimistic because of the U.S. business community's enthusiasm
for U.S.-China trade.
Read more
U.S. to probe imported Chinese sweeteners amid Celanese complaint
WASHINGTON, Nov 22 (Reuters) - The United States on Tuesday
said it would investigate imports by three Chinese chemical
companies that make high-potency sweeteners amid a complaint by
Celanese Corp that the companies were violating U.S. law.
Read more
said it would investigate imports by three Chinese chemical
companies that make high-potency sweeteners amid a complaint by
Celanese Corp that the companies were violating U.S. law.
Read more
RPT-COLUMN-Will coal price retreat be a Dunkirk or Stalingrad?: Russell
LAUNCESTON, Australia, Nov 22 (Reuters) - It may be a tad
early to call a peak in the price of thermal coal in
top-consuming region Asia, but at the very least the momentum
seems to have been lost from a commodity that has surged some
130 percent in the past 10 months.
Read more
early to call a peak in the price of thermal coal in
top-consuming region Asia, but at the very least the momentum
seems to have been lost from a commodity that has surged some
130 percent in the past 10 months.
Read more
CANADA STOCKS-TSX extends 17-month high helped by miners, banks
TORONTO, Nov 22 (Reuters) - Canada's main stock index gained
in morning trade on Tuesday, extending a 17-month high as base
metal mining and banking shares rose.
Read more
in morning trade on Tuesday, extending a 17-month high as base
metal mining and banking shares rose.
Read more
UPDATE 2-Indonesia to cut royalty for processed nickel to 2 pct -official
JAKARTA, Nov 22 (Reuters) - Indonesia will cut the royalty
charged on sales of processed and refined nickel to 2 percent, a
mining ministry official said on Tuesday, part of a revision of
government rules on non-tax revenue from the coal and minerals
sector.
Read more
charged on sales of processed and refined nickel to 2 percent, a
mining ministry official said on Tuesday, part of a revision of
government rules on non-tax revenue from the coal and minerals
sector.
Read more
Sri Lankan shares fall for 7th session; tax proposals weigh on mkt
COLOMBO, Nov 22 (Reuters) - Sri Lankan shares extended their
falls into a seventh session on Tuesday, posting their lowest
close since July 4, as investor sentiment was hit by budget tax
proposals, including revisions in corporate and withholding
taxes.
Read more
falls into a seventh session on Tuesday, posting their lowest
close since July 4, as investor sentiment was hit by budget tax
proposals, including revisions in corporate and withholding
taxes.
Read more
Top China steel city orders more plant closures in pollution fight
BEIJING/MANILA, Nov 22 (Reuters) - China's top steelmaking
city has ordered many of its industrial factories to curb
production or even close for as long as four months through to
March in a bid to clear the skies of smog.
Read more
city has ordered many of its industrial factories to curb
production or even close for as long as four months through to
March in a bid to clear the skies of smog.
Read more
Two Philippine property firms to raise $359 mln via share, bond sales in 2017
MANILA, Nov 22 (Reuters) - Two Philippine companies involved
in the property sector announced on Tuesday plans to raise a
combined $358.7 million from the capital markets next year to
fund expansion plans.
Read more
in the property sector announced on Tuesday plans to raise a
combined $358.7 million from the capital markets next year to
fund expansion plans.
Read more
Outlook brightening for Australia's hard-hit mining states-RBA
SYDNEY, Nov 22 (Reuters) - Australia's central bank is
optimistic that the fortunes of the country's hard-hit mining
states are turning for the better, a fillip for economic growth
and inflation nationally.
Read more
optimistic that the fortunes of the country's hard-hit mining
states are turning for the better, a fillip for economic growth
and inflation nationally.
Read more
Australia shares end at month high led by miners, energy firms; NZ down
Nov 22 (Reuters) - Australian shares closed at a four-week
high on Tuesday, as a rally in oil and metal prices boosted the
mining and energy sectors.
Read more
high on Tuesday, as a rally in oil and metal prices boosted the
mining and energy sectors.
Read more
Rally in metals, mining shares boosts European indices
LONDON, Nov 22 (Reuters) - Metals and mining shares
climbed 3 percent on Tuesday underpinning a firm open for
Europe's benchmark stock index as the global reflation
trade in the wake of Donald Trump's victory in the U.S.
presidential election continued.
Read more
climbed 3 percent on Tuesday underpinning a firm open for
Europe's benchmark stock index as the global reflation
trade in the wake of Donald Trump's victory in the U.S.
presidential election continued.
Read more
Monday, November 21, 2016
Platinum market deficit set to shrink in 2017 - WPIC
* Platinum market expected to see 100koz shortfall next year
* Diesel share of European car market tipped to fall
* Bar, coin investment seen weakening in 2017
By Jan Harvey
LONDON, Nov 22 (Reuters) - The platinum market deficit will
shrink to its narrowest since 2011 next year, the World Platinum
Investment Council said on Tuesday, as a drop in investment and
diesel's waning share of the European car market pressure
demand.
The WPIC also cut its expected platinum market sh
Read more
* Diesel share of European car market tipped to fall
* Bar, coin investment seen weakening in 2017
By Jan Harvey
LONDON, Nov 22 (Reuters) - The platinum market deficit will
shrink to its narrowest since 2011 next year, the World Platinum
Investment Council said on Tuesday, as a drop in investment and
diesel's waning share of the European car market pressure
demand.
The WPIC also cut its expected platinum market sh
Read more
COLUMN-Will coal price retreat be a Dunkirk or Stalingrad?: Russell
LAUNCESTON, Australia, Nov 22 (Reuters) - It may be a tad
early to call a peak in the price of thermal coal in
top-consuming region Asia, but at the very least the momentum
seems to have been lost from a commodity that has surged some
130 percent in the past 10 months.
Read more
early to call a peak in the price of thermal coal in
top-consuming region Asia, but at the very least the momentum
seems to have been lost from a commodity that has surged some
130 percent in the past 10 months.
Read more
Companies told to halt production in northern Chinese city in anti-pollution drive
HONG KONG, Nov 21 (Reuters) - About half a dozen listed
Chinese companies, mainly in the pharmaceutical sector, have
temporarily halted production in China's northern city of
Shijiazhuang as part of a Chinese government anti-pollution
drive, the companies said on Monday.
Read more
Chinese companies, mainly in the pharmaceutical sector, have
temporarily halted production in China's northern city of
Shijiazhuang as part of a Chinese government anti-pollution
drive, the companies said on Monday.
Read more
COLUMN-Is the copper mine supply wave peaking? Andy Home
LONDON, Nov 21 (Reuters) - Copper's recent turbo-charged
rally has upended the market's narrative of supply surplus.
Read more
rally has upended the market's narrative of supply surplus.
Read more
UPDATE 1-Motor racing-Malaysia to stop hosting Formula One Grand Prix after 2018
KUALA LUMPUR, Nov 21 (Reuters) - Malaysia will not host a Formula One Grand Prix after the current agreement expires in 2018, the country's tourism and culture minister said on Monday.
Read more
Read more
UAE may take U.S. to WTO over steel pipes dumping charges - official
DUBAI, Nov 21 (Reuters) - The United Arab Emirates could
refer the United States to the World Trade Organisation over
anti-dumping charges levied on steel pipes, a senior official
said on Monday.
Read more
refer the United States to the World Trade Organisation over
anti-dumping charges levied on steel pipes, a senior official
said on Monday.
Read more
UPDATE 2-U.S. fears over sensitive compound hits Chinese bid for Aixtron
* Aixtron shares down 6.6 pct after hitting 6-month low
(Recasts and writes through, adds experts on gallium nitride,
updates shares)
Read more
(Recasts and writes through, adds experts on gallium nitride,
updates shares)
Read more
COLUMN-Is the copper mine supply wave peaking? Andy Home
LONDON, Nov 21 (Reuters) - Copper's recent turbo-charged
rally has upended the market's narrative of supply surplus.
Read more
rally has upended the market's narrative of supply surplus.
Read more
Sri Lankan shares fall for 6th session; tax proposals weigh on mkt
COLOMBO, Nov 21 (Reuters) - Sri Lankan shares fell for a
sixth straight session on Monday, posting their lowest close in
four and a half months, in thin volume as investor sentiment was
hit by budget tax proposals, including revisions in corporate
and withholding taxes.
Read more
sixth straight session on Monday, posting their lowest close in
four and a half months, in thin volume as investor sentiment was
hit by budget tax proposals, including revisions in corporate
and withholding taxes.
Read more
China's Hebei province completes 2016 steel capacity cuts
BEIJING, Nov 21 (Reuters) - China's biggest steelmaking
province Hebei had eliminated 14.62 million tonnes of steel
capacity by the end of October, achieving this year's target of
14.22 million tonnes ahead of schedule, Xinhua news reported on
Monday.
Read more
province Hebei had eliminated 14.62 million tonnes of steel
capacity by the end of October, achieving this year's target of
14.22 million tonnes ahead of schedule, Xinhua news reported on
Monday.
Read more
Netanyahu hit by conflict of interest allegations over German submarines
JERUSALEM, Nov 21 (Reuters) - A deal to buy three
German-made submarines has come under public scrutiny in Israel
after Israeli media discovered Prime Minister Benjamin
Netanyahu's personal lawyer represents the local agent of the
German conglomerate set to build the vessels.
Read more
German-made submarines has come under public scrutiny in Israel
after Israeli media discovered Prime Minister Benjamin
Netanyahu's personal lawyer represents the local agent of the
German conglomerate set to build the vessels.
Read more
Australia shares end tad weaker, NZ down
Nov 21 (Reuters) - Australian shares closed lower on Monday,
with consumer staples and healthcare stocks erasing the gains
from energy and material sectors, as investors looked for more
clarity on President-elect Donald Trump's policies.
Read more
with consumer staples and healthcare stocks erasing the gains
from energy and material sectors, as investors looked for more
clarity on President-elect Donald Trump's policies.
Read more
Sunday, November 20, 2016
UPDATE 2-Strong quake hits near Argentina, Chile border, no damage reported
SANTIAGO, Nov 20 (Reuters) - A strong quake hit western
Argentina, shaking buildings as far away as Santiago, the
capital of neighboring Chile, though there were no reports of
damage to people, infrastructure or basic services.
Read more
Argentina, shaking buildings as far away as Santiago, the
capital of neighboring Chile, though there were no reports of
damage to people, infrastructure or basic services.
Read more
Portuguese bank BCP accepts Fosun's offer for 16.7 pct stake
LISBON, Nov 20 (Reuters) - Chinese conglomerate Fosun
has agreed to buy a 16.7 percent stake in Portugal's
largest listed bank, Millennium bcp, for 174.6 million
euros ($185 million) via a reserved capital increase and
confirmed its intention of raising that stake to up to 30
percent.
Read more
has agreed to buy a 16.7 percent stake in Portugal's
largest listed bank, Millennium bcp, for 174.6 million
euros ($185 million) via a reserved capital increase and
confirmed its intention of raising that stake to up to 30
percent.
Read more
Volkswagen CEO says sees case for building own battery factory - paper
FRANKFURT, Nov 20 (Reuters) - Europe's largest carmaker
Volkswagen sees building its own factory to make
electronic vehicle batteries as a logical move as it expands
production of low-emission cars after its emissions scandal.
Read more
Volkswagen sees building its own factory to make
electronic vehicle batteries as a logical move as it expands
production of low-emission cars after its emissions scandal.
Read more
Saturday, November 19, 2016
Freeport Indonesia appoints former air force official as new chief
JAKARTA, Nov 20 (Reuters) - Indonesia's biggest copper miner
PT Freeport Indonesia has appointed former Indonesian air force
chief of staff Chappy Hakim as its new chief executive, company
spokesman said on Sunday.
Read more
PT Freeport Indonesia has appointed former Indonesian air force
chief of staff Chappy Hakim as its new chief executive, company
spokesman said on Sunday.
Read more
UPDATE 2-China's Xi calls for 'smooth transition' in relationship with U.S.
LIMA, Nov 19 (Reuters) - Chinese President Xi Jinping on
Saturday called for a "smooth transition" in Beijing's
relationship with Washington and praised outgoing President
Barack Obama for strengthening ties between the two nations.
Read more
Saturday called for a "smooth transition" in Beijing's
relationship with Washington and praised outgoing President
Barack Obama for strengthening ties between the two nations.
Read more
Morocco's OCP and Ethiopia sign large fertiliser plant deal
ADDIS ABABA, Nov 19 (Reuters) - Morocco's Office Cherifien
des Phosphates (OCP), the world's largest phosphate exporter,
signed a deal with Ethiopia on Saturday to build a $3.7 billion
plant to produce fertilisers.
Read more
des Phosphates (OCP), the world's largest phosphate exporter,
signed a deal with Ethiopia on Saturday to build a $3.7 billion
plant to produce fertilisers.
Read more
Germany's Merkel says to spend more on infrastructure in election year
BERLIN, Nov 19 (Reuters) - German Chancellor Angela Merkel
promised on Saturday to increase investment in infrastructure in
Europe's biggest economy in 2017, an election year, without
resorting to new borrowing.
Read more
promised on Saturday to increase investment in infrastructure in
Europe's biggest economy in 2017, an election year, without
resorting to new borrowing.
Read more
China inspects barbecues, closes some factories to battle smog: Xinhua
SHANGHAI, Nov 19 (Reuters) - Provincial governments across
China are taking measures ranging from inspecting outdoor
barbecues to halting production at industrial plants to reduce
worsening air pollution, the official Xinhua news agency said on
Saturday.
Read more
China are taking measures ranging from inspecting outdoor
barbecues to halting production at industrial plants to reduce
worsening air pollution, the official Xinhua news agency said on
Saturday.
Read more
UPDATE 2-Peru considers rescinding Odebrecht's pipeline contract -source
LIMA, Nov 18 (Reuters) - Peru is considering rescinding
Odebrecht SA's $5 billion natural gas pipeline contract after
the Brazilian company's attempt to sell its majority stake in
the project got snagged on corruption concerns, a government
source said Friday.
Read more
Odebrecht SA's $5 billion natural gas pipeline contract after
the Brazilian company's attempt to sell its majority stake in
the project got snagged on corruption concerns, a government
source said Friday.
Read more
Friday, November 18, 2016
Tuberculosis spreads to 5 more Alberta cattle -Canada regulator
WINNIPEG, Manitoba, Nov 18 (Reuters) - Five more cases of
bovine tuberculosis have been confirmed in cattle from the same
Alberta herd as a cow slaughtered in the United States in
September that was found to have the disease, Canada's food
system regulator said on Friday.
Read more
bovine tuberculosis have been confirmed in cattle from the same
Alberta herd as a cow slaughtered in the United States in
September that was found to have the disease, Canada's food
system regulator said on Friday.
Read more
REUTERS SUMMIT-Investors bet Trump stimulus will boost U.S. stocks
NEW YORK, Nov 18 (Reuters) - U.S. voters' decision to
install Donald Trump in the White House may extend the life of
the aging, seven-year bull market in U.S. stocks.
Read more
install Donald Trump in the White House may extend the life of
the aging, seven-year bull market in U.S. stocks.
Read more
European shares close lower as dollar strength hits miners
MILAN, Nov 18 (Reuters) - European equities ended lower on
Friday, with mining and energy stocks bearing the brunt of the
sell off after commodities prices slipped following a rally in
the dollar.
Read more
Friday, with mining and energy stocks bearing the brunt of the
sell off after commodities prices slipped following a rally in
the dollar.
Read more
Britain's FTSE ends lower as gold miners lose lustre
LONDON, Nov 18 (Reuters) - Britain's top share index fell on
Friday, with miners leading the market lower after base and
precious metals prices slipped due to a stronger dollar, which
made metals costlier for holders of other currencies.
Read more
Friday, with miners leading the market lower after base and
precious metals prices slipped due to a stronger dollar, which
made metals costlier for holders of other currencies.
Read more
UPDATE 1-Greece approves permit for Eldorado's Skouries gold mine -source
ATHENS, Nov 18 (Reuters) - Greece has approved a permit
application by Canadian gold miner Eldorado to build a
plant at its Skouries gold mine in northern Greece, a senior
Greek energy ministry source said on Friday.
Read more
application by Canadian gold miner Eldorado to build a
plant at its Skouries gold mine in northern Greece, a senior
Greek energy ministry source said on Friday.
Read more
UPDATE 4-Volkswagen agrees deal with unions to cut 30,000 jobs
* Remaining German workers told no forced redundancies
before 2025
(Adds analyst comments, detail and background)
Read more
before 2025
(Adds analyst comments, detail and background)
Read more
U.S. packaging group Westrock puts dispensers unit up for sale - sources
FRANKFURT, Nov 18 (Reuters) - U.S. packaging group Westrock
has put a unit making soap dispensers and perfume
sprayers up for sale in a potential $1 billion deal, as it seeks
to streamline its portfolio after a recent merger, three people
close to the matter said.
Read more
has put a unit making soap dispensers and perfume
sprayers up for sale in a potential $1 billion deal, as it seeks
to streamline its portfolio after a recent merger, three people
close to the matter said.
Read more
Former London Metal Exchange accountant charged with 1 mln stg fraud
LONDON, Nov 18 (Reuters) - A former accountant at the London
Metal Exchange (LME) has been charged with fraud worth 1 million
pounds ($1.23 million), the Crown Prosecution Service said on
Friday.
Read more
Metal Exchange (LME) has been charged with fraud worth 1 million
pounds ($1.23 million), the Crown Prosecution Service said on
Friday.
Read more
Venezuela rejoins global anti-'blood diamonds' group
CARACAS, Nov 18 (Reuters) - Venezuela has rejoined an
international pact to curtail the smuggling of conflict
diamonds, vowing to resume issuing export certificates to
guarantee the minerals are not being used to finance war or
violent activity.
Read more
international pact to curtail the smuggling of conflict
diamonds, vowing to resume issuing export certificates to
guarantee the minerals are not being used to finance war or
violent activity.
Read more
UPDATE 1-Brazilian judge to hear criminal charges for Samarco dam disaster
BRASILIA, Nov 18 (Reuters) - A federal judge in Brazil has
agreed to hear a criminal case brought by prosecutors against
four companies and 22 employees for a burst tailings dam at the
Samarco mine last November, according to a court document seen
by Reuters on Friday.
Read more
agreed to hear a criminal case brought by prosecutors against
four companies and 22 employees for a burst tailings dam at the
Samarco mine last November, according to a court document seen
by Reuters on Friday.
Read more
Sri Lankan shares fall for fifth straight session; tax proposals weigh
COLOMBO, Nov 18 (Reuters) - Sri Lankan shares ended for a
fifth straight session of declines on Friday, and reached their
lowest closing level in more than four months, in thin volume as
investor sentiment was hit by budget tax proposals.
Read more
fifth straight session of declines on Friday, and reached their
lowest closing level in more than four months, in thin volume as
investor sentiment was hit by budget tax proposals.
Read more
Greece approves permit for Eldorado's Skouries gold mine - source
ATHENS, Nov 18 (Reuters) - Greece has approved a permit
application by Canadian gold miner Eldorado to build a
plant at its Skouries gold mine in northern Greece, a senior
Greek energy ministry source said on Friday.
Read more
application by Canadian gold miner Eldorado to build a
plant at its Skouries gold mine in northern Greece, a senior
Greek energy ministry source said on Friday.
Read more
Can Trump make coal great again? At least some companies think so
WASHINGTON, Nov 18 (Reuters) - Most of the U.S. coal
industry doubts Donald Trump can fulfill his promise to make the
ailing industry great again in a country awash in dirt-cheap
natural gas, a competing fuel.
Read more
industry doubts Donald Trump can fulfill his promise to make the
ailing industry great again in a country awash in dirt-cheap
natural gas, a competing fuel.
Read more
European shares waver as dollar strength hits miners, props carmakers
MILAN, Nov 18 (Reuters) - European shares wavered on Friday,
with a strong dollar hitting miners but helping export-oriented
auto stocks, while Volkswagen was further boosted after it stuck
a deal to cut thousands of jobs.
Read more
with a strong dollar hitting miners but helping export-oriented
auto stocks, while Volkswagen was further boosted after it stuck
a deal to cut thousands of jobs.
Read more
UPDATE 1-Total and Salesforce back French internet start-up Sigfox
London, Nov 18 (Reuters) - French start-up Sigfox has raised
150 million euros ($160 million) to help build networks
connecting everything from washing machines to smart meters to
the internet, it said on Friday, confirming an earlier Reuters
report.
Read more
150 million euros ($160 million) to help build networks
connecting everything from washing machines to smart meters to
the internet, it said on Friday, confirming an earlier Reuters
report.
Read more
Rescue teams try to free 13 workers trapped in southeast Turkey copper mine
DIYARBAKIR, Turkey, Nov 18 (Reuters) - Rescue teams sought
to free 13 workers trapped in a copper mine in southeast Turkey
on Friday after it was hit by a landslide which killed at least
three people, the local governor's office said.
Read more
to free 13 workers trapped in a copper mine in southeast Turkey
on Friday after it was hit by a landslide which killed at least
three people, the local governor's office said.
Read more
UPDATE 1-LafargeHolcim to increase payouts, cuts earnings goal
ZURICH, Nov 18 (Reuters) - Building materials giant
LafargeHolcim cut its mid-term profit outlook on Friday
but sweetened the pill by saying it planned an improved payout
for shareholders as well as 1 billion Swiss francs ($991
million) worth of share buybacks.
Read more
LafargeHolcim cut its mid-term profit outlook on Friday
but sweetened the pill by saying it planned an improved payout
for shareholders as well as 1 billion Swiss francs ($991
million) worth of share buybacks.
Read more
Thursday, November 17, 2016
Suriname Newmont gold mine opened, seen boosting struggling economy
MERIAN MINE, Suriname, Nov 17 (Reuters) - Suriname President
Desi Bouterse and Newmont Mining Corp Chief Executive
Gary Goldberg inaugurated the open-pit Merian gold mine on
Thursday, which is expected to give a boost to the small,
economically struggling South American country.
Read more
Desi Bouterse and Newmont Mining Corp Chief Executive
Gary Goldberg inaugurated the open-pit Merian gold mine on
Thursday, which is expected to give a boost to the small,
economically struggling South American country.
Read more
Canada manufacturers put U.S. ahead of Mexico if Trump ends NAFTA
OTTAWA, Nov 17 (Reuters) - Canadian manufacturers want their
access to the U.S. market protected at all costs if Canada
renegotiates the NAFTA trade deal with U.S. President-elect
Donald Trump, even if that means losing the trilateral
partnership with Mexico.
Read more
access to the U.S. market protected at all costs if Canada
renegotiates the NAFTA trade deal with U.S. President-elect
Donald Trump, even if that means losing the trilateral
partnership with Mexico.
Read more
Canada manufacturers put U.S. ahead of Mexico if Trump ends NAFTA
OTTAWA, Nov 17 (Reuters) - Canadian manufacturers want their
access to the U.S. market protected at all costs if Canada
renegotiates the NAFTA trade deal with U.S. President-elect
Donald Trump, even if that means losing the trilateral
partnership with Mexico.
Read more
access to the U.S. market protected at all costs if Canada
renegotiates the NAFTA trade deal with U.S. President-elect
Donald Trump, even if that means losing the trilateral
partnership with Mexico.
Read more
Volkswagen to hold press conference on VW brand overhaul on Friday
FRANKFURT, Nov 17 (Reuters) - Volkswagen will
hold a press conference on Friday attended by Chief Executive
Matthias Mueller, among others, to discuss the revamp of its
core VW brand, the German carmaker said on Thursday.
Read more
hold a press conference on Friday attended by Chief Executive
Matthias Mueller, among others, to discuss the revamp of its
core VW brand, the German carmaker said on Thursday.
Read more
Volkswagen to hold press conference on VW brand overhaul on Friday
FRANKFURT, Nov 17 (Reuters) - Volkswagen will
hold a press conference on Friday attended by Chief Executive
Matthias Mueller, among others, to discuss the revamp of its
core VW brand, the German carmaker said on Thursday.
Read more
hold a press conference on Friday attended by Chief Executive
Matthias Mueller, among others, to discuss the revamp of its
core VW brand, the German carmaker said on Thursday.
Read more
Britain's FTSE rises, though Royal Mail lags after results
LONDON, Nov 17 (Reuters) - British shares rose on Thursday,
helped by gains among mining firms, though Royal Mail dropped
after an earnings update.
Read more
helped by gains among mining firms, though Royal Mail dropped
after an earnings update.
Read more
Volkswagen to hold press conference on VW brand overhaul on Friday
FRANKFURT, Nov 17 (Reuters) - Volkswagen will
hold a press conference on Friday attended by Chief Executive
Matthias Mueller, among others, to discuss the revamp of its
core VW brand, the German carmaker said on Thursday.
Read more
hold a press conference on Friday attended by Chief Executive
Matthias Mueller, among others, to discuss the revamp of its
core VW brand, the German carmaker said on Thursday.
Read more
Britain's FTSE rises, though Royal Mail lags after results
LONDON, Nov 17 (Reuters) - British shares rose on Thursday,
helped by gains among mining firms, though Royal Mail dropped
after an earnings update.
Read more
helped by gains among mining firms, though Royal Mail dropped
after an earnings update.
Read more
Volkswagen to hold press conference on VW brand overhaul on Friday
FRANKFURT, Nov 17 (Reuters) - Volkswagen will
hold a press conference on Friday attended by Chief Executive
Matthias Mueller, among others, to discuss the revamp of its
core VW brand, the German carmaker said on Thursday.
Read more
hold a press conference on Friday attended by Chief Executive
Matthias Mueller, among others, to discuss the revamp of its
core VW brand, the German carmaker said on Thursday.
Read more
Britain's FTSE rises, though Royal Mail lags after results
LONDON, Nov 17 (Reuters) - British shares rose on Thursday,
helped by gains among mining firms, though Royal Mail dropped
after an earnings update.
Read more
helped by gains among mining firms, though Royal Mail dropped
after an earnings update.
Read more
Volkswagen to hold press conference on VW brand overhaul on Friday
FRANKFURT, Nov 17 (Reuters) - Volkswagen will
hold a press conference on Friday attended by Chief Executive
Matthias Mueller, among others, to discuss the revamp of its
core VW brand, the German carmaker said on Thursday.
Read more
hold a press conference on Friday attended by Chief Executive
Matthias Mueller, among others, to discuss the revamp of its
core VW brand, the German carmaker said on Thursday.
Read more
UPDATE 1-China's CAMC Engineering plans to invest in new Finnish pulp plant
HELSINKI, Nov 17 (Reuters) - Boreal Bioref Oy, a new Finnish
company, said on Thursday it had signed a letter of intent with
China's CAMC Engineering over an investment in a new
780-million euro ($836 million) pulp mill project.
Read more
company, said on Thursday it had signed a letter of intent with
China's CAMC Engineering over an investment in a new
780-million euro ($836 million) pulp mill project.
Read more
UPDATE 3-Under new CEO, Henkel looks to develop online business
* Top 10 brands to contribute 75 pct of sales by 2020
(Recasts throughout, adds detail on digital strategy, quotes,
analyst comment)
Read more
(Recasts throughout, adds detail on digital strategy, quotes,
analyst comment)
Read more
Poland's KGHM unlikely to drop its Chilean copper project - minister
RZESZOW, Poland, Nov 17 (Reuters) - Poland's state-run
copper producer KGHM is unlikely to withdraw from its
Chilean copper project Sierra Gorda, the head of the prime
minister's chancellery Henryk Kowalczyk said on Thursday.
Read more
copper producer KGHM is unlikely to withdraw from its
Chilean copper project Sierra Gorda, the head of the prime
minister's chancellery Henryk Kowalczyk said on Thursday.
Read more
UPDATE 2-Congo opposition figure Badibanga named PM of unity government
GOMA, Democratic Republic of Congo, Nov 17 (Reuters) -
D emocratic Republic of Congo opposition figure Samy Badibanga
was named prime minister on Thursday under a power-sharing deal
that allows President Joseph Kabila to stay in office after his
term ends next month, the presidency said in a statement.
Read more
D emocratic Republic of Congo opposition figure Samy Badibanga
was named prime minister on Thursday under a power-sharing deal
that allows President Joseph Kabila to stay in office after his
term ends next month, the presidency said in a statement.
Read more
China tries carrots as local governments resist reforms
BEIJING, Nov 17 (Reuters) - China will offer preferential
treatment, including subsidies, to regions that outperform in
areas such as fixed asset investment growth and
entrepreneurship, the State Council said on Thursday.
Read more
treatment, including subsidies, to regions that outperform in
areas such as fixed asset investment growth and
entrepreneurship, the State Council said on Thursday.
Read more
Sri Lankan shares hit four-month closing low in thin trade
COLOMBO, Nov 17 (Reuters) - Sri Lankan shares on Thursday
ended at their lowest closing level in more than four months, on
thin volume as investor sentiment was hit by budget tax
proposals, including revisions in corporate and withholding
taxes.
Read more
ended at their lowest closing level in more than four months, on
thin volume as investor sentiment was hit by budget tax
proposals, including revisions in corporate and withholding
taxes.
Read more
Key U.S. senator remains concerned over ChemChina-Syngenta deal
BEIJING, Nov 17 (Reuters) - A powerful U.S. senator said he
is concerned that state-owned ChemChina, which is buying Swiss
crop protection and seed group Syngenta for $43
billion, could use U.S. sovereign immunity laws to shield itself
from claims in U.S. courts.
Read more
is concerned that state-owned ChemChina, which is buying Swiss
crop protection and seed group Syngenta for $43
billion, could use U.S. sovereign immunity laws to shield itself
from claims in U.S. courts.
Read more
China tries carrots as local governments resist reforms
BEIJING, Nov 17 (Reuters) - China will offer preferential
treatment, including subsidies, to regions that outperform in
areas such as fixed asset investment growth and
entrepreneurship, the State Council said on Thursday.
Read more
treatment, including subsidies, to regions that outperform in
areas such as fixed asset investment growth and
entrepreneurship, the State Council said on Thursday.
Read more
UPDATE 2-New Henkel CEO to invest more to promote top brands
* Henkel targets average annual EPS growth of 7-9 pct
(Adds CEO comment, organic sales target, comment on
acquisitions)
Read more
(Adds CEO comment, organic sales target, comment on
acquisitions)
Read more
Key U.S. senator remains concerned over ChemChina-Syngenta deal
BEIJING, Nov 17 (Reuters) - A powerful U.S. senator said he
is concerned that state-owned ChemChina, which is buying Swiss
crop protection and seed group Syngenta for $43
billion, could use U.S. sovereign immunity laws to shield itself
from claims in U.S. courts.
Read more
is concerned that state-owned ChemChina, which is buying Swiss
crop protection and seed group Syngenta for $43
billion, could use U.S. sovereign immunity laws to shield itself
from claims in U.S. courts.
Read more
REFILE-In battered town seized from IS, Iraq's Yazidis dream of return
BASHIQA, Iraq, Nov 17 (Reuters) - For the first time since
Islamic State militants swept into Bashiqa two years ago forcing
him to flee, 61-year-old Barakat has finally found work - on
Sunday he will be coming back to help clear debris from the
destruction wrought upon his home town.
Read more
Islamic State militants swept into Bashiqa two years ago forcing
him to flee, 61-year-old Barakat has finally found work - on
Sunday he will be coming back to help clear debris from the
destruction wrought upon his home town.
Read more
UPDATE 3-U.S. panel urges ban on China state firms buying U.S. companies
WASHINGTON/HONG KONG, Nov 16 (Reuters) - U.S. lawmakers
should take action to ban China's state-owned firms from
acquiring U.S. companies, a congressional panel charged with
monitoring security and trade links between Washington and
Beijing said on Wednesday.
Read more
should take action to ban China's state-owned firms from
acquiring U.S. companies, a congressional panel charged with
monitoring security and trade links between Washington and
Beijing said on Wednesday.
Read more
Coal: After the surge, how low can it go?
SINGAPORE, Nov 17 (Reuters) - A wave that has lifted some
coal prices to more than double in the last six months may be
about to ebb away, turned back by China's move to loosen the
restrictions on domestic mining that first triggered the fuel's
rise.
Read more
coal prices to more than double in the last six months may be
about to ebb away, turned back by China's move to loosen the
restrictions on domestic mining that first triggered the fuel's
rise.
Read more
Wednesday, November 16, 2016
Coal: After the surge, how low can it go?
SINGAPORE, Nov 17 (Reuters) - A wave that has lifted some
coal prices to more than double in the last six months may be
about to ebb away, turned back by China's move to loosen the
restrictions on domestic mining that first triggered the fuel's
rise.
Read more
coal prices to more than double in the last six months may be
about to ebb away, turned back by China's move to loosen the
restrictions on domestic mining that first triggered the fuel's
rise.
Read more
UPDATE 2-Freeport closes Congo mine sale; Trump appointees keenly awaited
LIMA/TORONTO, Nov 16 (Reuters) - Freeport-McMoRan Inc
said on Wednesday it had wrapped up the $2.65 billion
sale of its stake in the Democratic Republic of Congo's Tenke
mine, and the company's chief executive said he hopes
negotiations will ease objections of Congo's state miner to the
deal.
Read more
said on Wednesday it had wrapped up the $2.65 billion
sale of its stake in the Democratic Republic of Congo's Tenke
mine, and the company's chief executive said he hopes
negotiations will ease objections of Congo's state miner to the
deal.
Read more
UPDATE 2-U.S. sues to stop EnergySolutions from buying smaller rival
WASHINGTON, Nov 16 (Reuters) - The Justice Department filed
a lawsuit on Wednesday aimed at stopping EnergySolutions from
buying rival Waste Control Specialists, the agency said in a
statement.
Read more
a lawsuit on Wednesday aimed at stopping EnergySolutions from
buying rival Waste Control Specialists, the agency said in a
statement.
Read more
UPDATE 4-Rio Tinto fires two top executives over Guinea payments
* Legal and regulatory head axed, despite upcoming
retirement
(Adds Rio response on Davies statement, comment from Davies and
background details)
Read more
retirement
(Adds Rio response on Davies statement, comment from Davies and
background details)
Read more
UPDATE 2-Freeport closes Congo mine sale; Trump appointees keenly awaited
LIMA/TORONTO, Nov 16 (Reuters) - Freeport-McMoRan Inc
said on Wednesday it had wrapped up the $2.65 billion
sale of its stake in the Democratic Republic of Congo's Tenke
mine, and the company's chief executive said he hopes
negotiations will ease objections of Congo's state miner to the
deal.
Read more
said on Wednesday it had wrapped up the $2.65 billion
sale of its stake in the Democratic Republic of Congo's Tenke
mine, and the company's chief executive said he hopes
negotiations will ease objections of Congo's state miner to the
deal.
Read more
Silver demand seen hitting 4-year low, deficit cut by 60 pct-GFMS
* Physical silver demand seen at 1,064.60 mln oz, down 9 pct
* Physical deficit seen at 52.2 mln oz vs 124.0 mln oz
* GRAPHIC-2016 metal returns: http://tmsnrt.rs/2eqHKkL
By Jan Harvey
LONDON, Nov 17 (Reuters) - Physical silver demand hit a
four-year low this year as higher prices and weaker consumer
sentiment put people off buying jewellery, coins and bars, GFMS
analysts at Thomson Reuters predicted on Thursday.
A drop in mine output is expected to have helped keep the
mark
Read more
* Physical deficit seen at 52.2 mln oz vs 124.0 mln oz
* GRAPHIC-2016 metal returns: http://tmsnrt.rs/2eqHKkL
By Jan Harvey
LONDON, Nov 17 (Reuters) - Physical silver demand hit a
four-year low this year as higher prices and weaker consumer
sentiment put people off buying jewellery, coins and bars, GFMS
analysts at Thomson Reuters predicted on Thursday.
A drop in mine output is expected to have helped keep the
mark
Read more
UPDATE 2-Anglo American suspending operations at Los Bronces copper mine in Chile
SANTIAGO, Nov 16 (Reuters) - Global miner Anglo American
said on Wednesday it was suspending all operations at
its Los Bronces copper mine in central Chile after protesters
seized installations at the mine earlier in the day.
Read more
said on Wednesday it was suspending all operations at
its Los Bronces copper mine in central Chile after protesters
seized installations at the mine earlier in the day.
Read more
Anglo American suspending operations at Chile-based Los Bronces Copper Mine
SANTIAGO, Nov 16 (Reuters) - Anglo American said on
Wednesday it was suspending all operations at its Los Bronces
copper mine in central Chile after protesters seized
installations at the mine earlier in the day.
Read more
Wednesday it was suspending all operations at its Los Bronces
copper mine in central Chile after protesters seized
installations at the mine earlier in the day.
Read more
Silver demand seen hitting 4-year low, deficit cut by 60 pct-GFMS
* Physical silver demand seen at 1,064.60 mln oz, down 9 pct
* Physical deficit seen at 52.2 mln oz vs 124.0 mln oz
* GRAPHIC-2016 metal returns: http://tmsnrt.rs/2eqHKkL
By Jan Harvey
LONDON, Nov 17 (Reuters) - Physical silver demand hit a
four-year low this year as higher prices and weaker consumer
sentiment put people off buying jewellery, coins and bars, GFMS
analysts at Thomson Reuters predicted on Thursday.
A drop in mine output is expected to have helped keep the
mark
Read more
* Physical deficit seen at 52.2 mln oz vs 124.0 mln oz
* GRAPHIC-2016 metal returns: http://tmsnrt.rs/2eqHKkL
By Jan Harvey
LONDON, Nov 17 (Reuters) - Physical silver demand hit a
four-year low this year as higher prices and weaker consumer
sentiment put people off buying jewellery, coins and bars, GFMS
analysts at Thomson Reuters predicted on Thursday.
A drop in mine output is expected to have helped keep the
mark
Read more
UPDATE 1-Freeport closes Congo mine sale, CEO talking to state miner
LIMA, Nov 16 (Reuters) - Freeport-McMoRan Inc said
on Wednesday it had completed the $2.65 billion sale of its
stake in the Democratic Republic of Congo's Tenke mine, as chief
executive Richard Adkerson said in an interview that he hopes
negotiations will resolve the state miner's opposition to the
deal.
Read more
on Wednesday it had completed the $2.65 billion sale of its
stake in the Democratic Republic of Congo's Tenke mine, as chief
executive Richard Adkerson said in an interview that he hopes
negotiations will resolve the state miner's opposition to the
deal.
Read more
UPDATE 1-Coloured diamonds soar, Russian royal gems stall at Sotheby's
* Russian crown jewels stranded on auction block
(Adds Graff Diamonds as buyer of pink diamonds in 2nd, 3rd
paras)
Read more
(Adds Graff Diamonds as buyer of pink diamonds in 2nd, 3rd
paras)
Read more
Brazil antitrust watchdog inks leniency deal with Andrade Gutierrez
SAO PAULO, Nov 16 (Reuters) - Brazil's antitrust agency Cade
on Thursday said it had reached a leniency accord with
construction company Andrade Gutierrez Engenharia SA related to
allegedly forming a cartel to build a massive hydroelectric dam
in the Amazon rainforest.
Read more
on Thursday said it had reached a leniency accord with
construction company Andrade Gutierrez Engenharia SA related to
allegedly forming a cartel to build a massive hydroelectric dam
in the Amazon rainforest.
Read more
Colombia coal output up 17.6 pct in third quarter
BOGOTA, Nov 16 (Reuters) - Colombia's coal output rose 17.6
percent to 23.4 million tonnes in the third quarter, the Energy
and Mining Ministry said in a statement on Wednesday.
Read more
percent to 23.4 million tonnes in the third quarter, the Energy
and Mining Ministry said in a statement on Wednesday.
Read more
UPDATE 2-U.S. panel urges ban on China state firms buying U.S. companies
WASHINGTON/HONG KONG, Nov 16 (Reuters) - U.S. lawmakers
should take action to ban China's state-owned firms from
acquiring U.S. companies, a congressional panel charged with
monitoring security and trade links between Washington and
Beijing said on Wednesday.
Read more
should take action to ban China's state-owned firms from
acquiring U.S. companies, a congressional panel charged with
monitoring security and trade links between Washington and
Beijing said on Wednesday.
Read more
Jaguar Land Rover says half of its new cars will have electric option by 2020
LONDON, Nov 16 (Reuters) - Half of all new Jaguar Land Rover
vehicles will be available in an electric version by the end of
the decade, Britain's biggest carmaker said on Wednesday, after
showcasing its first electric car this week.
Read more
vehicles will be available in an electric version by the end of
the decade, Britain's biggest carmaker said on Wednesday, after
showcasing its first electric car this week.
Read more
UPDATE 1-U.S. panel says China state firms should be banned from buying U.S. companies
WASHINGTON/BEIJING, Nov 16 (Reuters) - A U.S. congressional
commission charged with monitoring security and trade links
between the United States and China has recommended that CFIUS,
the body that vets acquisitions from foreign firms, be required
to block purchases from Chinese state-owned companies.
Read more
commission charged with monitoring security and trade links
between the United States and China has recommended that CFIUS,
the body that vets acquisitions from foreign firms, be required
to block purchases from Chinese state-owned companies.
Read more
As oil palm expands, African nations agree to protect forests
ROME, Nov 16 (Thomson Reuters Foundation) - Central and West
African countries have promised to protect their tropical
forests from being cut down to make way for palm oil crops, in a
declaration signed on Wednesday by governments representing more
than 70 percent of Africa's tropical forests.
Read more
African countries have promised to protect their tropical
forests from being cut down to make way for palm oil crops, in a
declaration signed on Wednesday by governments representing more
than 70 percent of Africa's tropical forests.
Read more
South Korea reaches free trade deal with Central America
SEOUL, Nov 17 (Reuters) - South Korea and six Central
American countries have reached a free trade deal that will
eliminate tariffs for more than 95 percent of export items from
Asia's fourth-largest economy including autos, steel and
textiles, the Korean trade ministry said on Thursday.
Read more
American countries have reached a free trade deal that will
eliminate tariffs for more than 95 percent of export items from
Asia's fourth-largest economy including autos, steel and
textiles, the Korean trade ministry said on Thursday.
Read more
US-China panel says should ban China state firms from buying US companies
WASHINGTON/BEIJING, Nov 16 (Reuters) - A U.S. congressional
commission charged with monitoring security and trade links
between the United States and China has recommended that CFIUS,
the body that vets acquisitions from foreign firms, be required
to block purchases from Chinese state-owned companies.
Read more
commission charged with monitoring security and trade links
between the United States and China has recommended that CFIUS,
the body that vets acquisitions from foreign firms, be required
to block purchases from Chinese state-owned companies.
Read more
South Korea reaches free trade deal with Central America
SEOUL, Nov 17 (Reuters) - South Korea and six Central
American countries have reached a free trade deal that will
eliminate tariffs for more than 95 percent of export items from
Asia's fourth-largest economy including autos, steel and
textiles, the Korean trade ministry said on Thursday.
Read more
American countries have reached a free trade deal that will
eliminate tariffs for more than 95 percent of export items from
Asia's fourth-largest economy including autos, steel and
textiles, the Korean trade ministry said on Thursday.
Read more
US-China panel says should ban China state firms from buying US companies
WASHINGTON/BEIJING, Nov 16 (Reuters) - A U.S. congressional
commission charged with monitoring security and trade links
between the United States and China has recommended that CFIUS,
the body that vets acquisitions from foreign firms, be required
to block purchases from Chinese state-owned companies.
Read more
commission charged with monitoring security and trade links
between the United States and China has recommended that CFIUS,
the body that vets acquisitions from foreign firms, be required
to block purchases from Chinese state-owned companies.
Read more
India's gold traders on edge as Modi fights 'black money'
NEW DELHI/BENGALURU, Nov 16 (Reuters) - Some Indian gold
traders are placing bulk, short-term import orders on fears that
Prime Minister Narendra Modi might soon add curbs on overseas
purchases of the metal to his withdrawal of high-denomination
banknotes in his fight against 'black money', traders and
jewellers said.
Read more
traders are placing bulk, short-term import orders on fears that
Prime Minister Narendra Modi might soon add curbs on overseas
purchases of the metal to his withdrawal of high-denomination
banknotes in his fight against 'black money', traders and
jewellers said.
Read more
Sri Lankan shares fall for 3rd session to over 4-mth closing low
COLOMBO, Nov 16 (Reuters) - Sri Lankan shares fell to a more
than four-month closing low in thin volume on Wednesday as
investor sentiment was dented by the budget tax proposals last
week, including revisions in corporate and withholding taxes, to
boost revenue.
Read more
than four-month closing low in thin volume on Wednesday as
investor sentiment was dented by the budget tax proposals last
week, including revisions in corporate and withholding taxes, to
boost revenue.
Read more
India's gold traders on edge as Modi fights 'black money'
NEW DELHI/BENGALURU, Nov 16 (Reuters) - Some Indian gold
traders are placing bulk, short-term import orders on fears that
Prime Minister Narendra Modi might soon add curbs on overseas
purchases of the metal to his withdrawal of high-denomination
banknotes in his fight against 'black money', traders and
jewellers said.
Read more
traders are placing bulk, short-term import orders on fears that
Prime Minister Narendra Modi might soon add curbs on overseas
purchases of the metal to his withdrawal of high-denomination
banknotes in his fight against 'black money', traders and
jewellers said.
Read more
Sri Lankan shares fall for 3rd session to over 4-mth closing low
COLOMBO, Nov 16 (Reuters) - Sri Lankan shares fell to a more
than four-month closing low in thin volume on Wednesday as
investor sentiment was dented by the budget tax proposals last
week, including revisions in corporate and withholding taxes, to
boost revenue.
Read more
than four-month closing low in thin volume on Wednesday as
investor sentiment was dented by the budget tax proposals last
week, including revisions in corporate and withholding taxes, to
boost revenue.
Read more
UPDATE 1-South African cement maker PPC cuts net debt by a third, H1 profit falls
JOHANNESBURG, Nov 16 (Reuters) - South Africa's biggest
cement maker, PPC Ltd, said on Wednesday its net debt
had fallen by a third and commissioning of overseas projects to
boost sales was on track, although higher finance costs helped
depress half-year profit.
Read more
cement maker, PPC Ltd, said on Wednesday its net debt
had fallen by a third and commissioning of overseas projects to
boost sales was on track, although higher finance costs helped
depress half-year profit.
Read more
For global copper miners, era of going it alone may be over
SHANGHAI, Nov 16 (Reuters) - For global copper miners
looking to develop the next big deposit, the era of going it
alone may be over.
Read more
looking to develop the next big deposit, the era of going it
alone may be over.
Read more
UPDATE 1-South African cement maker PPC cuts net debt by a third, H1 profit falls
JOHANNESBURG, Nov 16 (Reuters) - South Africa's biggest
cement maker, PPC Ltd, said on Wednesday its net debt
had fallen by a third and commissioning of overseas projects to
boost sales was on track, although higher finance costs helped
depress half-year profit.
Read more
cement maker, PPC Ltd, said on Wednesday its net debt
had fallen by a third and commissioning of overseas projects to
boost sales was on track, although higher finance costs helped
depress half-year profit.
Read more
WRAPUP 1-Copper execs cast doubt on 'irrational' price rally
SHANGHAI, Nov 16 (Reuters) - Global copper markets will be
oversupplied for at least two years, executives at some of the
world's major producers of the metal and traders said on
Wednesday, casting doubt on the chances of a prolonged rally in
prices.
Read more
oversupplied for at least two years, executives at some of the
world's major producers of the metal and traders said on
Wednesday, casting doubt on the chances of a prolonged rally in
prices.
Read more
Tuesday, November 15, 2016
Australia's EMR Capital raises $860 mln for mining deals
MELBOURNE, Nov 16 (Reuters) - Australian private equity firm
EMR Capital has raised $860 million for its second fund, as it
looks for more investments in copper, gold, potash and coking
coal, the firm said on Wednesday.
Read more
EMR Capital has raised $860 million for its second fund, as it
looks for more investments in copper, gold, potash and coking
coal, the firm said on Wednesday.
Read more
COLUMN-Rio gives Christmas gift to itself and the iron ore market: Russell
LAUNCESTON, Australia, Nov 16 (Reuters) - There are two ways
of looking at Rio Tinto's decision to close one of its major
iron ore mines over the Christmas period: to take the company's
explanation of operational reasons at face value or to see the
move as part of a wider strategy.
Read more
of looking at Rio Tinto's decision to close one of its major
iron ore mines over the Christmas period: to take the company's
explanation of operational reasons at face value or to see the
move as part of a wider strategy.
Read more
Toilets, trade and towns; boom time for Asia's plastic makers
Nov 16 (Reuters) - From India's plan to plumb in over 100
million toilets in six years to China's ambitious new Silk Road
network and the continued movement of millions of people into
cities across Asia, plastic makers face years of strong demand.
Read more
million toilets in six years to China's ambitious new Silk Road
network and the continued movement of millions of people into
cities across Asia, plastic makers face years of strong demand.
Read more
Australia's EMR Capital raises $860 mln for mining deals
MELBOURNE, Nov 16 (Reuters) - Australian private equity firm
EMR Capital has raised $860 million for its second fund, as it
looks for more investments in copper, gold, potash and coking
coal, the firm said on Wednesday.
Read more
EMR Capital has raised $860 million for its second fund, as it
looks for more investments in copper, gold, potash and coking
coal, the firm said on Wednesday.
Read more
UPDATE 1-Lundin Mining hopeful of Congo blessing for mine stake sale
Nov 15 (Reuters) - Canada's Lundin Mining Corp is
hopeful that the sale of its stake in the Tenke Fungurume
copper-cobalt mine in the Democratic Republic of Congo will not
be challenged by the country's state-owned miner, Lundin's chief
executive said on Tuesday.
Read more
hopeful that the sale of its stake in the Tenke Fungurume
copper-cobalt mine in the Democratic Republic of Congo will not
be challenged by the country's state-owned miner, Lundin's chief
executive said on Tuesday.
Read more
Toilets, trade and towns; boom time for Asia's plastic makers
Nov 16 (Reuters) - From India's plan to plumb in over 100
million toilets in six years to China's ambitious new Silk Road
network and the continued movement of millions of people into
cities across Asia, plastic makers face years of strong demand.
Read more
million toilets in six years to China's ambitious new Silk Road
network and the continued movement of millions of people into
cities across Asia, plastic makers face years of strong demand.
Read more
Congo state miner handed royalties to Israeli billionaire-NGO
KINSHASA, Nov 15 (Reuters) - Congo state miner Gecamines
signed over its royalty rights at one of the country's largest
copper mines in January last year to an offshore company owned
by Israeli billionaire Dan Gertler, according to a copy of the
contract obtained by Global Witness and reviewed by Reuters.
Read more
signed over its royalty rights at one of the country's largest
copper mines in January last year to an offshore company owned
by Israeli billionaire Dan Gertler, according to a copy of the
contract obtained by Global Witness and reviewed by Reuters.
Read more
UPDATE 1-Lundin Mining hopeful of Congo blessing for mine stake sale
Nov 15 (Reuters) - Canada's Lundin Mining Corp is
hopeful that the sale of its stake in the Tenke Fungurume
copper-cobalt mine in the Democratic Republic of Congo will not
be challenged by the country's state-owned miner, Lundin's chief
executive said on Tuesday.
Read more
hopeful that the sale of its stake in the Tenke Fungurume
copper-cobalt mine in the Democratic Republic of Congo will not
be challenged by the country's state-owned miner, Lundin's chief
executive said on Tuesday.
Read more
Congo state miner handed royalties to Israeli billionaire-NGO
KINSHASA, Nov 15 (Reuters) - Congo state miner Gecamines
signed over its royalty rights at one of the country's largest
copper mines in January last year to an offshore company owned
by Israeli billionaire Dan Gertler, according to a copy of the
contract obtained by Global Witness and reviewed by Reuters.
Read more
signed over its royalty rights at one of the country's largest
copper mines in January last year to an offshore company owned
by Israeli billionaire Dan Gertler, according to a copy of the
contract obtained by Global Witness and reviewed by Reuters.
Read more
UPDATE 1-Lundin Mining hopeful of Congo blessing for mine stake sale
Nov 15 (Reuters) - Canada's Lundin Mining Corp is
hopeful that the sale of its stake in the Tenke Fungurume
copper-cobalt mine in the Democratic Republic of Congo will not
be challenged by the country's state-owned miner, Lundin's chief
executive said on Tuesday.
Read more
hopeful that the sale of its stake in the Tenke Fungurume
copper-cobalt mine in the Democratic Republic of Congo will not
be challenged by the country's state-owned miner, Lundin's chief
executive said on Tuesday.
Read more
Congo state miner handed royalties to Israeli billionaire-NGO
KINSHASA, Nov 15 (Reuters) - Congo state miner Gecamines
signed over its royalty rights at one of the country's largest
copper mines in January last year to an offshore company owned
by Israeli billionaire Dan Gertler, according to a copy of the
contract obtained by Global Witness and reviewed by Reuters.
Read more
signed over its royalty rights at one of the country's largest
copper mines in January last year to an offshore company owned
by Israeli billionaire Dan Gertler, according to a copy of the
contract obtained by Global Witness and reviewed by Reuters.
Read more
UPDATE 1-Lundin Mining hopeful of Congo blessing for mine stake sale
Nov 15 (Reuters) - Canada's Lundin Mining Corp is
hopeful that the sale of its stake in the Tenke Fungurume
copper-cobalt mine in the Democratic Republic of Congo will not
be challenged by the country's state-owned miner, Lundin's chief
executive said on Tuesday.
Read more
hopeful that the sale of its stake in the Tenke Fungurume
copper-cobalt mine in the Democratic Republic of Congo will not
be challenged by the country's state-owned miner, Lundin's chief
executive said on Tuesday.
Read more
European shares edge up as oil rallies, utilities bounce
MILAN, Nov 15 (Reuters) - European shares edged up on
Tuesday helped by a surge in crude oil prices and a rebound in
utilities, while telecoms equipment maker Nokia slumped on a
disappointing earnings outlook update.
Read more
Tuesday helped by a surge in crude oil prices and a rebound in
utilities, while telecoms equipment maker Nokia slumped on a
disappointing earnings outlook update.
Read more
UPDATE 1-Peru's economic growth slows to 4.13 pct in September
LIMA, Nov 15 (Reuters) - Peru's economy grew 4.13 percent in
September as a drop in construction weighed on the
mining-powered recovery, official data showed on Tuesday.
Read more
September as a drop in construction weighed on the
mining-powered recovery, official data showed on Tuesday.
Read more
UPDATE 2-Tata Global Beverages ousts Cyrus Mistry as chairman
* Mistry defends his record at Tata Sons
(Releads with chairman's ousting at Tata Global Beverages)
Read more
(Releads with chairman's ousting at Tata Global Beverages)
Read more
European shares edge up as oil rallies, utilities bounce
MILAN, Nov 15 (Reuters) - European shares edged up on
Tuesday helped by a surge in crude oil prices and a rebound in
utilities, while telecoms equipment maker Nokia slumped on a
disappointing earnings outlook update.
Read more
Tuesday helped by a surge in crude oil prices and a rebound in
utilities, while telecoms equipment maker Nokia slumped on a
disappointing earnings outlook update.
Read more
REFILE-Congo leader warns against foreign "interference" in crisis
(Refiles to fix byline; no change in text.)
By Kenny Katombe
KINSHASA, Nov 15 (Reuters) -Congolese President Joseph Kabila
warned against foreign "interference" in the country's political
crisis on Tuesday, in an address to parliament in which he also
promised elections, without saying when they would be held.
Read more
By Kenny Katombe
KINSHASA, Nov 15 (Reuters) -Congolese President Joseph Kabila
warned against foreign "interference" in the country's political
crisis on Tuesday, in an address to parliament in which he also
promised elections, without saying when they would be held.
Read more
Lafarge faces legal complaint over actions in Syria
PARIS, Nov 15 (Reuters) - Two human rights groups said on
Tuesday they had filed a legal complaint in Paris against cement
firm Lafarge, saying some of its work in Syria may have made it
complicit in financing Islamic State and in war crimes.
Read more
Tuesday they had filed a legal complaint in Paris against cement
firm Lafarge, saying some of its work in Syria may have made it
complicit in financing Islamic State and in war crimes.
Read more
Sri Lankan shares hit 2-week closing low; budget proposals weigh
COLOMBO, Nov 15 (Reuters) - Sri Lankan shares on Tuesday hit
a two-week closing low in thin trade as investor sentiment was
dented by last week's budget proposals that were announced to
revise corporate and withholding taxes and boost revenue.
Read more
a two-week closing low in thin trade as investor sentiment was
dented by last week's budget proposals that were announced to
revise corporate and withholding taxes and boost revenue.
Read more
Monday, November 14, 2016
Hyundai Chemical to start MX, light naphtha output from new splitter
SEOUL, Nov 15 (Reuters) - South Korea's Hyundai Chemical, a
joint venture between Hyundai Oilbank Co and Lotte
Chemical, has finished building a 1.2 trillion won
($1.02 billion) condensate splitter to produce mixed xylene and
light naphtha.
Read more
joint venture between Hyundai Oilbank Co and Lotte
Chemical, has finished building a 1.2 trillion won
($1.02 billion) condensate splitter to produce mixed xylene and
light naphtha.
Read more
UPDATE 2-MSCI announces latest changes to U.S., China, emerging market indexes
Nov 14 (Reuters) - U.S. index provider MSCI announced
changes to a number of its index funds on Monday, adding 55
securities and removing 34 from its World Index.
Read more
changes to a number of its index funds on Monday, adding 55
securities and removing 34 from its World Index.
Read more
COLUMN-China needs a bigger hammer to beat down commodity prices: Russell
LAUNCESTON, Australia, Nov 15 (Reuters) - China may need a
bigger mallet to hammer the nation's commodity investors and
take the wind out of what Beijing believes is a speculative
bubble in prices for natural resources.
Read more
bigger mallet to hammer the nation's commodity investors and
take the wind out of what Beijing believes is a speculative
bubble in prices for natural resources.
Read more
UPDATE 1-Soros dissolves SPDR Gold trust shares in Q3, Paulson stays in
NEW YORK, Nov 14 (Reuters) - Soros Fund Management LLC
dissolved its shares in the world's biggest gold exchange-traded
fund in the third quarter of 2016, ahead of the U.S.
presidential election, a U.S. Securities and Exchange Commission
filing showed on Monday.
Read more
dissolved its shares in the world's biggest gold exchange-traded
fund in the third quarter of 2016, ahead of the U.S.
presidential election, a U.S. Securities and Exchange Commission
filing showed on Monday.
Read more
UPDATE 2-Gold miner Kirkland Lake rises on bid talk; Yamana declines
VANCOUVER, Nov 14 (Reuters) - Kirkland Lake Gold
shares rose sharply on Monday on speculation there might be
another bid for the Canadian gold miner which has rejected three
offers, but at least one potential buyer said it would not jump
into the fray.
Read more
shares rose sharply on Monday on speculation there might be
another bid for the Canadian gold miner which has rejected three
offers, but at least one potential buyer said it would not jump
into the fray.
Read more
Paulson & Co holds SPDR Gold stake steady in Q3 2016 - 13F
NEW YORK, Nov 14 (Reuters) - Paulson & Co held its stake in
SPDR Gold Trust unchanged in the third quarter of 2016
as bullion prices briefly rose to the highest in more than two
years, filings with the U.S. Securities and Exchange Commission
showed on Monday.
Read more
SPDR Gold Trust unchanged in the third quarter of 2016
as bullion prices briefly rose to the highest in more than two
years, filings with the U.S. Securities and Exchange Commission
showed on Monday.
Read more
Louis Dreyfus pushes on with bond plans despite market rout
LONDON, Nov 14 (IFR) - Commodity giant Louis Dreyfus Company
is expected to test investor appetite for riskier credits this
week against a torrid market backdrop, courtesy of the brutal
sell-off in government bonds that has followed Donald Trump's US
election win.
Read more
is expected to test investor appetite for riskier credits this
week against a torrid market backdrop, courtesy of the brutal
sell-off in government bonds that has followed Donald Trump's US
election win.
Read more
CANADA STOCKS-TSX falls as gold miners, defensive sectors decline
TORONTO, Nov 14 (Reuters) - Canada's main stock index fell
on Monday as lower gold prices weighed on mining shares, while
defensive sectors also declined, offsetting gains for financials
as bond yields surged.
Read more
on Monday as lower gold prices weighed on mining shares, while
defensive sectors also declined, offsetting gains for financials
as bond yields surged.
Read more
Rio Tinto debates Guinea payments at London board meeting
LONDON, Nov 14 (Reuters) - Rio Tinto called a board
meeting on Monday to discuss payments of $10.5 million made to a
consultant on its project to develop the world's largest
untapped iron ore reserves in Guinea, industry sources said.
Read more
meeting on Monday to discuss payments of $10.5 million made to a
consultant on its project to develop the world's largest
untapped iron ore reserves in Guinea, industry sources said.
Read more
Construction company Interserve says CEO to step down
Nov 14 (Reuters) - Support services and construction company
Interserve Plc said Chief Executive Adrian Ringrose
would step down in 2017.
Read more
Interserve Plc said Chief Executive Adrian Ringrose
would step down in 2017.
Read more
Gold Fields confirms Kirkland Lake bid, Kirkland shares jump
VANCOUVER, Nov 14 (Reuters) - Gold Fields Ltd said
late on Sunday that it had made three successive takeover
proposals jointly with Silver Standard Resources Inc
for Canadian miner Kirkland Lake Gold Inc, confirming a
Reuters report on Friday.
Read more
late on Sunday that it had made three successive takeover
proposals jointly with Silver Standard Resources Inc
for Canadian miner Kirkland Lake Gold Inc, confirming a
Reuters report on Friday.
Read more
Platinum market may see first surplus in six years in 2017 -JM
LONDON, Nov 14 (Reuters) - The platinum market could return
to surplus for the first time in six years in 2017 as lower
autocatalyst loadings and weakness in Chinese jewellery buying
pull demand lower, refiner Johnson Matthey said in a report on
Monday.
Read more
to surplus for the first time in six years in 2017 as lower
autocatalyst loadings and weakness in Chinese jewellery buying
pull demand lower, refiner Johnson Matthey said in a report on
Monday.
Read more
Russia says Aleppo rebels used chemical weapons on Syrian army - TASS
MOSCOW, Nov 14 (Reuters) - The Russian Defence Ministry said
on Monday that rebels in eastern Aleppo had used chemical
weapons against the Syrian army and that around 30 soldiers had
been caught up in the attack, the TASS news agency reported.
Read more
on Monday that rebels in eastern Aleppo had used chemical
weapons against the Syrian army and that around 30 soldiers had
been caught up in the attack, the TASS news agency reported.
Read more
Lonmin to carry on cutting output, expects subdued demand
LONDON, Nov 14 (Reuters) - Lonmin Plc on Monday said
it would continue closing inefficient production in 2017 to cut
costs as the platinum miner expects demand is likely to be
subdued in the near term.
Read more
it would continue closing inefficient production in 2017 to cut
costs as the platinum miner expects demand is likely to be
subdued in the near term.
Read more
RPT-COLUMN-China trumps Trump over outlook for industrial commodities: Russell
LAUNCESTON, Australia, Nov 14 (Reuters) - The election of
Donald Trump as U.S. president has added froth to prices for
metals and bulk commodities, but the real driver is, and will
remain, the outlook for China.
Read more
Donald Trump as U.S. president has added froth to prices for
metals and bulk commodities, but the real driver is, and will
remain, the outlook for China.
Read more
Sunday, November 13, 2016
COLUMN-China trumps Trump over outlook for industrial commodities: Russell
LAUNCESTON, Australia, Nov 14 (Reuters) - The election of
Donald Trump as U.S. president has added froth to prices for
metals and bulk commodities, but the real driver is, and will
remain, the outlook for China.
Read more
Donald Trump as U.S. president has added froth to prices for
metals and bulk commodities, but the real driver is, and will
remain, the outlook for China.
Read more
AGL mulls importing LNG to Australia's southeast
MELBOURNE, Nov 14 (Reuters) - AGL Energy is
considering importing liquefied natural gas (LNG) to
southeastern Australia from 2021, in a move that could ease the
grip on supply that four producers led by ExxonMobil Corp
hold in the region.
Read more
considering importing liquefied natural gas (LNG) to
southeastern Australia from 2021, in a move that could ease the
grip on supply that four producers led by ExxonMobil Corp
hold in the region.
Read more
UPDATE 2-China coal output extends decline despite govt call to reopen mines
* Beijing urging reopening of mines to curb price rally
(Adds trade comment, coal inventory at key port)
Read more
(Adds trade comment, coal inventory at key port)
Read more
Australia shares fall as financials, materials weigh; NZ up
Nov 14 (Reuters) - Australian shares lost ground on Monday,
pressured by financials and material stocks, while equity
investors globally remain cautious amid rising global bond
yields in the wake of Republican Donald Trump's win in the U.S.
presidential elections.
Read more
pressured by financials and material stocks, while equity
investors globally remain cautious amid rising global bond
yields in the wake of Republican Donald Trump's win in the U.S.
presidential elections.
Read more
China Oct coal output down 12 pct on year - statistics bureau
BEIJING, Nov 14 (Reuters) - China's coal production fell 12
percent on year to 281.85 million tonnes, the National Bureau
of Statistics said on Monday.
Read more
percent on year to 281.85 million tonnes, the National Bureau
of Statistics said on Monday.
Read more
RPT-Islamic State victims suffer as evidence of chemical attacks grows
QAYYARA, Iraq, Nov 12 (Reuters) - The skin on five-year-old
Doaa's legs, arms and neck is blackened and hard even weeks
after the attack. She is still in severe pain and tries not to
touch anything or move too much.
Read more
Doaa's legs, arms and neck is blackened and hard even weeks
after the attack. She is still in severe pain and tries not to
touch anything or move too much.
Read more
Saturday, November 12, 2016
UPDATE 1-Ex-Congo rebel leader missing, gunfire erupts in border town
ABIDJAN, Nov 12 (Reuters) - Congo has stepped up army
patrols in its volatile east after the former military chief of
a once-powerful rebel group vanished from a camp for demobilised
fighters in neighbouring Uganda and gunfire erupted outside an
important border town.
Read more
patrols in its volatile east after the former military chief of
a once-powerful rebel group vanished from a camp for demobilised
fighters in neighbouring Uganda and gunfire erupted outside an
important border town.
Read more
Islamic State victims suffer as evidence of chemical attacks grows
QAYYARA, Iraq, Nov 12 (Reuters) - The skin on five-year-old
Doaa's legs, arms and neck is blackened and hard even weeks
after the attack. She is still in severe pain and tries not to
touch anything or move too much.
Read more
Doaa's legs, arms and neck is blackened and hard even weeks
after the attack. She is still in severe pain and tries not to
touch anything or move too much.
Read more
Ex-Congo rebel leader missing, troops seen along border - governor
ABIDJAN, Nov 12 (Reuters) - Congo has stepped up border
patrols after the former military chief of a once powerful rebel
group vanished from a camp for demobilized fighters in
neighbouring Uganda, and unidentified soldiers were spotted in
the area.
Read more
patrols after the former military chief of a once powerful rebel
group vanished from a camp for demobilized fighters in
neighbouring Uganda, and unidentified soldiers were spotted in
the area.
Read more
China says concerned about EU protectionism on steel imports
BEIJING, Nov 12 (Reuters) - China is greatly concerned about
the European Union's protectionist measures against Chinese
steel products, the commerce ministry said on Saturday.
Read more
the European Union's protectionist measures against Chinese
steel products, the commerce ministry said on Saturday.
Read more
Berkshire sets record as Trump boosts prospects, Buffett's wealth
Nov 11 (Reuters) - Berkshire Hathaway Inc shares
posted one of their best weeks in years, soaring 9.5 percent and
touching a record high, even though Chairman Warren Buffett's
choice for the White House, Hillary Clinton, was defeated by
Donald Trump.
Read more
posted one of their best weeks in years, soaring 9.5 percent and
touching a record high, even though Chairman Warren Buffett's
choice for the White House, Hillary Clinton, was defeated by
Donald Trump.
Read more
Friday, November 11, 2016
UPDATE 3-Kirkland rejects C$1.44 bln Gold Fields, Silver Standard offer
* Former chairman says will vote against Newmarket
(Recasts with Kirkland Lake statement, comment by former
chairman)
Read more
(Recasts with Kirkland Lake statement, comment by former
chairman)
Read more
Santacruz Silver Mining says one dead in accident at Mexico mine
Nov 11 (Reuters) - Santacruz Silver Mining Ltd said
one person died in an accident at its Rosario Mine in Mexico on
Wednesday.
Read more
one person died in an accident at its Rosario Mine in Mexico on
Wednesday.
Read more
Britain's FTSE falls as EM-exposed stocks weigh
* SIG tanks among mid caps
(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 lower commodity prices pressure energy, miners
TORONTO, Nov 11 (Reuters) - Canada's main stock index fell
on Friday as lower commodity prices pressured the shares of
energy and mining companies, while financials and industrials
also lost ground.
Read more
on Friday as lower commodity prices pressured the shares of
energy and mining companies, while financials and industrials
also lost ground.
Read more
Brazil challenges U.S. duties on steel products at WTO
GENEVA, Nov 11 (Reuters) - Brazil launched a complaint at
the World Trade Organization on Friday agianst a U.S. decision
to levy punitive tariffs on imports of cold- and hot-rolled
steel flat products from Brazil, the WTO said in a statement.
Read more
the World Trade Organization on Friday agianst a U.S. decision
to levy punitive tariffs on imports of cold- and hot-rolled
steel flat products from Brazil, the WTO said in a statement.
Read more
Watchdog condemns Syrian government, IS use of banned chemical weapons
AMSTERDAM, Nov 11 (Reuters) - The executive body of the
global chemical weapons watchdog on Friday comdemned the use of
banned toxic agents by the Syrian government and by militant
group Islamic State, a source told Reuters.
Read more
global chemical weapons watchdog on Friday comdemned the use of
banned toxic agents by the Syrian government and by militant
group Islamic State, a source told Reuters.
Read more
Trump victory prompts U.S. fund managers to focus on inflation
NEW YORK, Nov 11 (Reuters) - Donald Trump's surprise victory
in the U.S. presidential race is pushing mutual fund managers
out of dividend stocks and into the shares of financial,
industrial and materials companies that stand to benefit from
rising inflation.
Read more
in the U.S. presidential race is pushing mutual fund managers
out of dividend stocks and into the shares of financial,
industrial and materials companies that stand to benefit from
rising inflation.
Read more
UPDATE 1-Tata Sons seeks to oust ex-chairman from Tata Motors' board
MUMBAI, Nov 11 (Reuters) - India's Tata Sons has
called an extraordinary shareholder meeting at Tata Motors Ltd
, in its latest attempt to drive out former chairman
Cyrus Mistry from all parts of the $100 billion
steel-to-software conglomerate.
Read more
called an extraordinary shareholder meeting at Tata Motors Ltd
, in its latest attempt to drive out former chairman
Cyrus Mistry from all parts of the $100 billion
steel-to-software conglomerate.
Read more
Lonmin buys out Amplats' stake in Pandora
Nov 11 (Reuters) - Platinum mining company Lonmin Plc
said on Friday it would buy Anglo American Platinum
Ltd's stake of its joint venture on Pandora mine for a
consideration of 400 million rand ($27.92 million).
Read more
said on Friday it would buy Anglo American Platinum
Ltd's stake of its joint venture on Pandora mine for a
consideration of 400 million rand ($27.92 million).
Read more
Britain's FTSE falls as EM-exposed stocks weigh
LONDON, Nov 11 (Reuters) - Britain's top share index fell on
Friday as a sell-off in emerging markets hit shares of countries
exposed to those regions as investors digested the implications
of Donald Trump's presidential win in the United States.
Read more
Friday as a sell-off in emerging markets hit shares of countries
exposed to those regions as investors digested the implications
of Donald Trump's presidential win in the United States.
Read more
UPDATE 1-Rusal says Trump win has buoyed aluminium market
* Ups demand growth forecast to 5.5 pct from 5.4 pct
(Adds comment on U.S. election, analyst, shares)
Read more
(Adds comment on U.S. election, analyst, shares)
Read more
REFILE-Islamic State executes scores, stockpiles chemicals - UN
GENEVA, Nov 11 (Reuters) - Islamic State fighters have
executed scores more people around Mosul this week and are
reportedly stockpiling ammonia and sulphur in civilian areas,
possibly for use as chemical weapons, U.N. human rights
spokeswoman Ravina Shamdasani said on Friday.
Read more
executed scores more people around Mosul this week and are
reportedly stockpiling ammonia and sulphur in civilian areas,
possibly for use as chemical weapons, U.N. human rights
spokeswoman Ravina Shamdasani said on Friday.
Read more
Copper eyes biggest weekly rally in 35 years as demand view shifts
MELBOURNE, Nov 11 (Reuters) - London copper was on track for
its biggest weekly rally in over 35 years on Friday as hopes of
U.S. infrastructure spending on Donald Trump's election win and
firming demand from China drag metals out of a years-long bear
market.
Read more
its biggest weekly rally in over 35 years on Friday as hopes of
U.S. infrastructure spending on Donald Trump's election win and
firming demand from China drag metals out of a years-long bear
market.
Read more
Asia Gold-India premiums jump, bargain hunting props up China demand
BENGALURU/MUMBAI Nov 11 (Reuters) - Gold premiums in India
jumped to their highest in 21 months, as demand surged after the
government abolished two high-value currency notes, while
bargain hunting propped up demand and premiums in leading
consumer China.
Read more
jumped to their highest in 21 months, as demand surged after the
government abolished two high-value currency notes, while
bargain hunting propped up demand and premiums in leading
consumer China.
Read more
Thursday, November 10, 2016
Aluminium giant Rusal's earnings growth beats expectations
SYDNEY, Nov 11 (Reuters) - Russian aluminium giant Rusal
on Friday posted a better-than-expected 22 percent
rise in third quarter core earnings and lifted its forecast for
global aluminium consumption.
Read more
on Friday posted a better-than-expected 22 percent
rise in third quarter core earnings and lifted its forecast for
global aluminium consumption.
Read more
UPDATE 1-CME CEO Gill to retire at year's end; Duffy to get expanded role
Nov 10 (Reuters) - Phupinder Gill, chief executive of CME
Group Inc since 2012, will retire at year's end, the
world's largest futures market operator said in a statement on
Thursday.
Read more
Group Inc since 2012, will retire at year's end, the
world's largest futures market operator said in a statement on
Thursday.
Read more
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