Top Market Blogs

Tata Steel says making progress on extra land for Indian plant

Commodity News - Thu, 09/29/2016 - 09:33
BHUBANESWAR, India, Sept 29 (Reuters) - Tata Steel Ltd is making good progress on acquiring the land it needs to double the capacity of its newest steel plant in eastern India to meet growing demand in the country, a company executive said.
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Kirkland Lake Gold to take over Newmarket Gold in C$1 bln deal

Commodity News - Thu, 09/29/2016 - 08:52
Sept 29 (Reuters) - Kirkland Lake Gold Inc agreed to take over Newmarket Gold Inc in an all-stock deal valued at about C$1 billion ($764 million).
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Sri Lankan shares end at near one-month closing high

Commodity News - Thu, 09/29/2016 - 07:54
COLOMBO, Sept 29 (Reuters) - Sri Lankan stocks on Thursday posted a third straight session of gains to end at a near one-month closing high, led by gains in financial stocks, a day after yields in T-bills dropped.
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UPDATE 1-Statewide blackout plunges Australia into renewable energy debate

Commodity News - Thu, 09/29/2016 - 04:39
SYDNEY, Sept 29 (Reuters) - An unprecedented power outage across South Australia state has stopped production at major miners BHP Billiton and OZ Minerals and left one steelmaker struggling to prevent molten steel from hardening and damaging its factory.
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Australia shares rise, energy firms lead on OPEC deal; NZ stocks up

Commodity News - Thu, 09/29/2016 - 02:50
Sept 29 (Reuters) - Australian shares closed higher on Thursday thanks to a surge in energy stocks after a surprise OPEC agreement to trim production.
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New Adidas CEO sets off in pursuit of Nike

Commodity News - Thu, 09/29/2016 - 02:00
BERLIN, Sept 29 (Reuters) - Closing the gap on clear market leader Nike is the challenge facing new Adidas boss Kasper Rorsted when the Dane takes charge of the world's second biggest sportswear brand from the start of October.
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Canadian miner's affiliate holds off Philippine IPO plan as mine faces suspension

Commodity News - Thu, 09/29/2016 - 01:35
MANILA, Sept 29 (Reuters) - A Philippine nickel miner, partly owned by Canada's TVI Pacific Inc, said it has put on hold a plan to list on the local stock exchange after the government said its mine may be suspended for environmental violations.
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China punishes coal, steel companies for violating pollution, safety rules

Commodity News - Thu, 09/29/2016 - 00:58
BEIJING, Sept 29 (Reuters) - China's state planner has punished hundreds of coal and steel companies by forcing them to close or cut output for violating environmental and safety regulations, the latest effort to crack down on the country's heavily polluting industries.
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Reuters Business News Schedule at 0430 GMT/00.30AM ET

Commodity News - Thu, 09/29/2016 - 00:33
Fed's primal divide: Is economy overheating or stuck in a rut?
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REFILE-Statewide blackout in Australia raises questions over renewable energy

Commodity News - Wed, 09/28/2016 - 22:50
SYDNEY, Sept 29 (Reuters) - Power was restored to the state of South Australia on Wednesday after storms a day earlier caused an unprecedented statewide blackout which disrupted operations at mining majors like BHP Billiton, closed ports and halted public transport.
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UPDATE 1-BHP Olympic Dam copper mine output shut after power outage

Commodity News - Wed, 09/28/2016 - 22:29
* Too early to determine need for force majeure (Adds BHP comment, details)
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S.Korea prosecutors may re-submit arrest warrant request for Lotte chairman -Yonhap

Commodity News - Wed, 09/28/2016 - 22:19
SEOUL, Sept 29 (Reuters) - South Korean prosecutors are considering submitting a second request for an arrest warrant for Lotte Group chairman Shin Dong-bin, after their first request was rejected by a Seoul court, wire service Yonhap reported on Thursday.
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S.Korea's Lotte Group says still intends to list Hotel Lotte

Commodity News - Wed, 09/28/2016 - 22:11
SEOUL, Sept 29 (Reuters) - South Korean conglomerate Lotte Group, the subject of a wide-ranging corruption investigation, is still intent on seeking an initial public offering for its Hotel Lotte arm, but can only proceed with the plan after prosecutors conclude their probe, a spokesman said on Thursday.
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RPT-COLUMN-London Metal Exchange tin stocks; going, going...? Andy Home

Commodity News - Wed, 09/28/2016 - 21:00
LONDON, Sept 28 (Reuters) - Stocks of tin held in London Metal Exchange (LME) warehouses fell by another 80 tonnes yesterday.
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UPDATE 1-S.Korea court denies arrest warrant for Lotte Group chairman

Commodity News - Wed, 09/28/2016 - 19:15
SEOUL, Sept 29 (Reuters) - A South Korean court rejected prosecutors' request to arrest Lotte Group chairman Shin Dong-bin, a Seoul Central District Court judge said early on Thursday, following a wide-ranging corruption investigation that became public in June.
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Brazil's CSN says no definitive deal to sell stake in Congonhas

Commodity News - Wed, 09/28/2016 - 18:54
SAO PAULO, Sept 28 (Reuters) - Brazilian steelmaker Cia Siderúrgica Nacional SA said on Wednesday it had no definitive deal to sell part of its stake in Congonhas Minerios SA, the country's No. 2 iron ore producer, following a report that it was considering a such sale.
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Hitachi, Toshiba, Mitsubishi in final talks to merge nuclear units

Commodity News - Wed, 09/28/2016 - 17:59
Sept 28 (Reuters) - Hitachi Ltd, Toshiba Corp and Mitsubishi Heavy Industries Ltd are in final talks to merge their nuclear fuel businesses as early as spring, the Nikkei business daily reported.
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S.Korea court denies arrest warrant for Lotte Group chairman-judge

Commodity News - Wed, 09/28/2016 - 15:07
SEOUL, Sept 29 (Reuters) - A South Korean court struck down prosecutors' request to arrest Lotte Group chairman Shin Dong-bin, a Seoul Central District Court judge said on Thursday, following a wide-ranging corruption investigation into the retail-to-chemicals conglomerate.
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UPDATE 1-Russian central bank says no target to raise gold's share in reserves

Commodity News - Wed, 09/28/2016 - 13:33
MOSCOW, Sept 28 (Reuters) - Russia's central bank is ready to keep buying gold from banks but has no quotas or objective to increase gold's share in its reserves, the bank's First Deputy Governor Dmitry Tulin said on Wednesday.
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Don't blame cocaine for South American forest loss, study says

Commodity News - Wed, 09/28/2016 - 13:24
RIO DE JANEIRO, Sept 28 (Thomson Reuters Foundation) - I nfrastructure projects designed to open the western Amazon for investment are to blame for deforestation in parts of Peru, Colombia and Bolivia - rather than coca production, researchers said on Wednesday.
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