Top Market Blogs

Sri Lankan rupee down on importer dollar demand

Commodity News - Thu, 08/25/2016 - 03:30
COLOMBO, Aug 25 (Reuters) - The Sri Lankan rupee traded weaker on Thursday led by importer dollar demand while the central bank appeared to have stopped giving a reference level for the spot currency, dealers said.
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European shares open lower led by miners; GFK soars

Commodity News - Thu, 08/25/2016 - 03:29
MILAN, Aug 25 (Reuters) - European shares fell in opening deals on Thursday with mining stocks leading losers for a second day in a row, while German market research firm GFK soared on merger and acquisition talk.
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COLUMN-Nickel merry-go-round: Indonesia ferronickel replacing Philippine ore: Russell

Commodity News - Thu, 08/25/2016 - 01:57
LAUNCESTON, Australia, Aug 25 (Reuters) - Is nickel's current rally sustainable or is the metal merely having a strong run because market participants are more focused on the environmental crackdown in top ore miner the Philippines, rather than on the surge in Indonesian ferronickel exports?
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Mounting losses, delisting drive Chongqing Steel out of steel sector

Commodity News - Thu, 08/25/2016 - 01:02
SHANGHAI, Aug 25 (Reuters) - China's debt-ridden Chongqing Iron and Steel is drawing up radical restructuring plans that will see the firm exit the steel industry and shift its focus to more lucrative sectors like finance, it said on Thursday.
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Spring rain for Australia's north to hold cattle prices high

Commodity News - Wed, 08/24/2016 - 21:48
SYDNEY, Aug 25 (Reuters) - Australia's north is forecast to receive above average rainfall over the next three months, the country's weather bureau said on Thursday, boosting cattle herds.
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UPDATE 1-Aluminium giant Rusal expects tough second half of year

Commodity News - Wed, 08/24/2016 - 21:37
* Q2 adjusted earnings down nearly 40 pct on yr, up 10 pct on Q1
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RPT-UPDATE 1-Philippines could suspend more mines in environmental crackdown

Commodity News - Wed, 08/24/2016 - 21:13
MANILA, Aug 24 (Reuters) - The Philippines could suspend more mines in a crackdown on environmental abuses that has halted operations of 10 miners, a minister said on Wednesday, dismissing a claim by mineral producers the review was a "demolition campaign" against them.
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RPT-COLUMN-Global aluminium production is falling, but for how long? Andy Home

Commodity News - Wed, 08/24/2016 - 21:00
LONDON, Aug 24 (Reuters) - Global aluminium production fell by 1.2 percent to 33.12 million tonnes in the first seven months of this year, according to the International Aluminium Institute (IAI).
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Rusal Q2 earnings fall nearly 40 pct, slightly better than feared

Commodity News - Wed, 08/24/2016 - 20:39
Aug 25 (Reuters) - Russian aluminium giant Rusal on Thursday reported a 39-percent drop in second-quarter core earnings due to weak aluminium prices, slightly ahead of analyst forecasts.
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White House condemns Syrian use of chemical weapons

Commodity News - Wed, 08/24/2016 - 18:24
WASHINGTON, Aug 24 (Reuters) - The United States on Wednesday condemned the use of chemical weapons by Syria, after a probe by the United Nations found that Syrian government troops were responsible for two toxic gas attacks.
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CANADA STOCKS-Materials shares pull TSX down for worst day in over 8 weeks

Commodity News - Wed, 08/24/2016 - 17:20
* Seven of the TSX's 10 main groups lower (Updates to close, adds market analyst comments, details)
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Poland seeks investigation into KGMH's Quadra FNX purchase

Commodity News - Wed, 08/24/2016 - 15:03
WARSAW, Aug 24 (Reuters) - Poland's Internal Security Agency (ABW) has asked prosecutors to investigate copper miner KGHM over the purchase of a Canadian firm with metal deposits in Chile, the secret services minister said on Wednesday.
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Nippon Steel seeks advisers for split of Brazil's Usiminas, sources say

Commodity News - Wed, 08/24/2016 - 12:26
SAO PAULO, Aug 24 (Reuters) - Nippon Steel and Sumitomo Metal Corp is working on a plan to split Usinas Siderúrgicas de Minas Gerais SA (Usiminas) into two separate units, in a last ditch attempt to end a two-year battle with Techint Group for control of the Brazilian steelmaker, two people familiar with the matter said on Wednesday.
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Britain's FTSE underperforms European peers, miners hinder

Commodity News - Wed, 08/24/2016 - 12:16
LONDON, Aug 24 (Reuters) - Britain's blue-chip share index retreated on Wednesday, underperforming its European peers, as a sharp drop in metals prices put pressure on the mining sector and South Africa-exposed stocks fell as the rand slipped.
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UPDATE 1-Philippines could suspend more mines in environmental crackdown

Commodity News - Wed, 08/24/2016 - 09:57
* Says decisions to suspend mines based on scientific facts (Adds quotes, details)
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COLUMN-Global aluminium production is falling, but for how long? Andy Home

Commodity News - Wed, 08/24/2016 - 08:44
LONDON, Aug 24 (Reuters) - Global aluminium production fell by 1.2 percent to 33.12 million tonnes in the first seven months of this year, according to the International Aluminium Institute (IAI).
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Sri Lankan rupee edges down on importer dollar demand

Commodity News - Wed, 08/24/2016 - 07:58
COLOMBO, Aug 24 (Reuters) - The Sri Lankan rupee ended slightly weaker on Wednesday as importer dollar demand surpassed declining sales of the greenback by exporters, dealers said.
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Audi recalls A8 models in South Korea due to stalling problem

Commodity News - Wed, 08/24/2016 - 07:47
SEOUL, Aug 24 (Reuters) - Audi is recalling 1,534 A8 cars in South Korea due to a stalling problem, the transport ministry said on Wednesday, adding it was the first country where the German carmaker was recalling the model for such a defect.
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Leaked DCNS documents "neither critical nor confidential" - source

Commodity News - Wed, 08/24/2016 - 07:30
PARIS, Aug 24 (Reuters) - Leaked documents about French naval contractor DCNS' Scorpene submarines appear to be neither critical nor confidential, a source close to the matter said on Wednesday.
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Sri Lankan stocks slip from over 3-mo closing high on month-end settlements

Commodity News - Wed, 08/24/2016 - 07:22
COLOMBO, Aug 24 (Reuters) - Sri Lankan shares ended weaker on Wednesday, slipping from their highest close in more than three-months posted in the previous session, due to month-end settlements, brokers said.
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