Top Market Blogs

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.
Categories: Top Market Blogs

Britain's FTSE recovers from one-week low as miners rally

Commodity News - Wed, 09/28/2016 - 12:13
LONDON, Sept 28 (Reuters) - Britain's blue-chip share index bounced back from a one-week low on Wednesday as engineering firm Smiths Group surged after posting higher-than-expected profits and miners tracked stronger metals prices.
Categories: Top Market Blogs

Argentina judge to rule on suspended Barrick mine soon -local gov't

Commodity News - Wed, 09/28/2016 - 12:06
BUENOS AIRES, Sept 28 (Reuters) - Barrick Gold Corp's Veladero mine in Argentina could reopen in coming days if a report confirms repairs were made after a leak of processing solution containing cyanide earlier this month, a provincial government said.
Categories: Top Market Blogs

Liberty bid for two Tata Steel UK units worth nearly 100 mln pounds - source

Commodity News - Wed, 09/28/2016 - 12:06
LONDON, Sept 28 (Reuters) - Industrial and commodity group Liberty House's bid for Tata Steel UK's speciality steel and pipe businesses is worth nearly 100 million pounds ($130 million), an industry source told Reuters on Wednesday.
Categories: Top Market Blogs

UPDATE 1-Scottish investment hopes rise as mothballed steel plant reopens

Commodity News - Wed, 09/28/2016 - 11:34
MOTHERWELL, Scotland, Sept 28 (Reuters) - Scotland's last major steelworks reopened under the ownership of industrialist Sanjeev Gupta on Wednesday, heralded by Nicola Sturgeon's government as proof that the country can draw investment and protect industry in difficult times.
Categories: Top Market Blogs

COLUMN-London Metal Exchange tin stocks; going, going...? Andy Home

Commodity News - Wed, 09/28/2016 - 09:17
LONDON, Sept 28 (Reuters) - Stocks of tin held in London Metal Exchange (LME) warehouses fell by another 80 tonnes yesterday.
Categories: Top Market Blogs

Russian c.bank says has no aim to raise gold's share in reserves

Commodity News - Wed, 09/28/2016 - 09:00
MOSCOW, Sept 28 (Reuters) - Russia's Central Bank is ready to continue buying gold from banks but has no quotas or objective to increase the metal's share in its gold and foreign exchange reserves, the bank's First Deputy Governor Dmitry Tulin said on Wednesday.
Categories: Top Market Blogs

INSIGHT-Inside Brazil's battle to save the Amazon with satellites and strike forces

Commodity News - Wed, 09/28/2016 - 09:00
BRASILIA, Sept 28 (Thomson Reuters Foundation) - When George Porto joined Brazil's environment agency 13 years ago, the country didn't have access to satellite data on illegal logging -- let alone heat maps tracking deforestation patterns or gun-toting agents dedicated to stopping ecological crimes.
Categories: Top Market Blogs

Turkey to complete Syria border wall within 5 months, official says

Commodity News - Wed, 09/28/2016 - 08:44
* Wall to run length of 900-km border, prevent illegal crossings
Categories: Top Market Blogs

Volkswagen suspends ties with some Indian suppliers after expose of child deaths in mica mines

Commodity News - Wed, 09/28/2016 - 08:32
MUMBAI, Sept 28 (Thomson Reuters Foundation) - German carmaker Volkswagen has stopped buying mica from some suppliers in India, following a Thomson Reuters Foundation investigation that found child workers were dying in illegal, unregulated mines, a company official said.
Categories: Top Market Blogs

Sri Lankan shares post 3-wk closing high as banks gain on rate decision

Commodity News - Wed, 09/28/2016 - 08:21
COLOMBO, Sept 28 (Reuters) - Sri Lankan stocks closed higher on Wednesday, hitting a more than three-week closing high, led by gains in banking stocks after the central bank held the key monetary policy rates steady.
Categories: Top Market Blogs

Kenya to pick contractor for minerals survey by December - minister

Commodity News - Wed, 09/28/2016 - 07:48
NAIROBI, Sept 28(Reuters) - Kenya will appoint a company by December to conduct a year-long airborne survey to map its mineral deposits to attract mining explorers to the nascent sector, Mining Cabinet Secretary Dan Kazungu said on Wednesday.
Categories: Top Market Blogs

UPDATE 2-Finnish client takes new legal action against Areva over nuclear project

Commodity News - Wed, 09/28/2016 - 06:43
* Finns say French nuclear restructuring could mean further delays
Categories: Top Market Blogs

China probes senior Hebei Iron & Steel executive for suspected graft

Commodity News - Wed, 09/28/2016 - 04:59
BEIJING, Sept 28 (Reuters) - The deputy general manager of Hebei Iron and Steel, China's largest steel company by output, is being investigated by the ruling Communist Party for suspected corruption, the party's anti-graft watchdog said on Wednesday.
Categories: Top Market Blogs

China's economy less healthy in third quarter than data suggest-private survey

Commodity News - Wed, 09/28/2016 - 04:24
BEIJING, Sept 28 (Reuters) - China's economy was less healthy in the third quarter than a recent spate of upbeat data suggest, with growth coming exclusively from manufacturing and property while the services and retail sectors faltered, a private survey showed.
Categories: Top Market Blogs

China's Dongbei Special Steel makes revival plan after defaults -newspaper

Commodity News - Wed, 09/28/2016 - 02:08
SHANGHAI, Sept 28 (Reuters) - Dongbei Special Steel Group, the struggling Chinese steelmaker, has ironed out a business revival plan, aiming to return to profit and slash leverage ratio in three years' time, the Economic Observer reported on Wednesday, citing unidentified sources.
Categories: Top Market Blogs

UPDATE 1-China tells mines to raise thermal coal output again - sources

Commodity News - Wed, 09/28/2016 - 01:51
BEIJING, Sept 28 (Reuters) - China has told 74 mines to increase thermal coal output by 500,000 tonnes per day to ease supply shortages to the nation's utilities ahead of the winter, according to two industry analysts briefed on a meeting with the state planner on Monday.
Categories: Top Market Blogs

Japan steel industry sees China merger promoting structural reform

Commodity News - Wed, 09/28/2016 - 01:33
TOKYO, Sept 28 (Reuters) - China's Baosteel Group's acquisition of Wuhan Steel will create stronger leadership in the country's steel industry and promote structural reform, the chairman of the Japan Iron and Steel Federation said on Wednesday.
Categories: Top Market Blogs

China's govt tells mines to raise thermal coal output again -sources

Commodity News - Wed, 09/28/2016 - 00:52
BEIJING, Sept 28 (Reuters) - China's state planner has told 74 major coal mines to increase thermal coal output by another 500,000 tonnes per day to ease supply shortages to the nation's utilities ahead of the winter, according to two sources briefed on a meeting on Monday.
Categories: Top Market Blogs

Distinctive Dalzell reopens in effort to salvage steel jobs

Commodity News - Tue, 09/27/2016 - 19:01
MOTHERWELL, Scotland, Sept 27 (Reuters) - Britain's largest steel plate mill reopens under owner Liberty Steel on Wednesday, a deal brokered by a Scottish government keen to stem the decline of its industrial heartland.
Categories: Top Market Blogs

Pages