Top Market Blogs

UPDATE 1-Brazil's Samarco misses bond payment, has 30-day remedy period

Commodity News - Mon, 09/26/2016 - 18:16
SAO PAULO, Sept 26 (Reuters) - Samarco Mineração SA, the Brazilian iron ore mining joint venture that suspended operations in November following a dam disaster, missed an interest payment on a $500 million bond that was due on Monday, trustee Bank of New York Mellon Corp said.
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Brazil miner Samarco misses payment on bond, trustee bank says

Commodity News - Mon, 09/26/2016 - 17:20
SAO PAULO, Sept 26 (Reuters) - Brazilian mining company Samarco Mineração SA, which suspended operations in November after a fatal dam disaster, did not make an interest payment on a $500 million bond that was due on Monday, according to the Bank of New York Mellon, the trustee.
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UPDATE 2-Brazil's CSN, CBSteel discussing ore deal, sources say

Commodity News - Mon, 09/26/2016 - 14:26
SAO PAULO, Sept 26 (Reuters) - Cia Siderúrgica Nacional SA is considering selling part of its stake in Congonhas Minérios SA, Brazil's No. 2 iron ore producer, to China Brazil Xinnenghuan International Investment Co, two people familiar with the deal said on Monday.
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European shares fall as Deutsche Bank leads financial stocks lower

Commodity News - Mon, 09/26/2016 - 12:39
LONDON, Sept 26 (Reuters) - European shares fell on Monday, weighed down by major banking stocks, with Deutsche Bank hitting an all-time low amid concerns over the impact on its finances of a big U.S. fine.
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"They will destroy my father's grave," says farmer who turned back the desert

Commodity News - Mon, 09/26/2016 - 12:21
TURIN, Italy, Sept 26 (Thomson Reuters Foundation) - Yacouba Sawadogo, a farmer who turned an area of semi-desert into a forest in Burkina Faso, fears he will lose the land of his ancestors to developers who will tear down the trees he has nurtured for some 40 years.
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Four British power firms call for carbon tax extension

Commodity News - Mon, 09/26/2016 - 10:22
LONDON, Sept 26 (Reuters) - Four British power generators have called on the government to maintain the country's carbon tax until at least 2025, according to a letter seen by Reuters, putting them at odds with industrial groups who want it scrapped.
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UPDATE 3-Big South African union backs Ramaphosa as next president

Commodity News - Mon, 09/26/2016 - 09:37
* Zuma's ex-wife Dlamini-Zuma touted as ANC candidate (Adds quotes, details, background)
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UPDATE 1-Brazil police arrest ex-finance minister Palocci in graft probe -source

Commodity News - Mon, 09/26/2016 - 09:01
RIO DE JANEIRO, Sept 26 (Reuters) - Brazilian police on Monday arrested Antonio Palocci, a former finance minister and presidential chief of staff in recent leftist Workers Party governments, in the latest phase of a sweeping anti-corruption probe, prosecutors said in a statement.
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Vietnam court swamped by fishermen seeking to sue Taiwan firm's steel unit

Commodity News - Mon, 09/26/2016 - 08:40
HANOI, Sept 26 (Reuters) - Hundreds of Vietnamese fishermen travelled to a small provincial court on Monday to sue one of the country's biggest investors for compensation over an accident at its $10.6-billion steel plant, activists and a court official said.
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COLUMN-Nickel caught between shifting Indonesian and Philippine supply trends: Andy Home

Commodity News - Mon, 09/26/2016 - 08:40
LONDON, Sept 26 (Reuters) - Indonesia shocked the nickel market at the start of 2014 when it made good on a commitment to ban all exports of unprocessed minerals.
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Sri Lankan shares end flat amid foreign outflows

Commodity News - Mon, 09/26/2016 - 08:31
COLOMBO, Sept 26 (Reuters) - Sri Lankan stocks ended steady on Monday, as gains in financial shares were offset by losses in consumer staples, amid foreign outflows and tax hike concerns.
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RPT-COLUMN-China buys record North Korean coal as sanctions ignored: Russell

Commodity News - Mon, 09/26/2016 - 08:00
LAUNCESTON, Australia, Sept 26 (Reuters) - It appears that China is interpreting the "people's well-being" as meaning North Korea should be able to export record amounts of coal in defiance of sanctions against the rogue nuclear-armed state.
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China's Dongbei Special Steel defaults 9th time in 2016, restructuring looms

Commodity News - Mon, 09/26/2016 - 07:24
SHANGHAI, Sept 26 (Reuters) - Dongbei Special Steel Group Co Ltd said on Monday it had defaulted on a one-year bond, the latest in a string of missed payments this year by the unlisted Chinese steelmaker.
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SPECIAL REPORT-We were forced to work for Western-run mine, say migrants who fled Eritrea

Commodity News - Mon, 09/26/2016 - 07:02
TORONTO/ASMARA, Sept 26 (Reuters) - Bemnet Negash never got to say a proper goodbye to his family. In February 2006, government officials arrived at his school in the highlands of Eritrea and put him and his classmates on a bus to a military training camp. He was 20 years old, and still at school because a childhood illness had interrupted his education.
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Agricultural merger mania fuels fears among small seed sellers

Commodity News - Mon, 09/26/2016 - 07:00
CHICAGO, Sept 26 (Reuters) - The U.S. Justice Department is looking into concerns that global consolidation among major seed and agricultural chemical companies may squeeze supplies of the building blocks for widely used genetically modified seeds, a farm group told Reuters.
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UPDATE 1-Austria's RHI names chemicals industry veteran as CEO

Commodity News - Mon, 09/26/2016 - 06:54
VIENNA, Sept 26 (Reuters) - Chemicals industry veteran Stefan Borgas will become chief executive of Austrian fire-proof material maker RHI as of Dec. 1, the company said on Monday.
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European shares fall as Deutsche Bank leads financial stocks lower

Commodity News - Mon, 09/26/2016 - 06:29
LONDON, Sept 26 (Reuters) - European stocks fell on Monday, weighed down by a pullback in the shares of major banking and energy companies, with Deutsche Bank hitting a record low.
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ChemChina seeks EU okay for Syngenta deal, decision due Oct. 28

Commodity News - Mon, 09/26/2016 - 05:57
BRUSSELS, Sept 26 (Reuters) - China National Chemical Corp (ChemChina) has sought antitrust approval for its $43 billion bid for Swiss pesticides and seeds group Syngenta from the European Union and a decision is expected by Oct. 28.
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Brexit shock has been digested for now, Ifo economist says

Commodity News - Mon, 09/26/2016 - 04:37
MUNICH, Sept 26 (Reuters) - The shock over Britain's decision to quit the European Union has been overcome for now, Ifo economist Klaus Wohlrabe told Reuters on Monday after the institute's monthly survey showed business morale in Germany surging in September.
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European shares fall as banking and energy stocks decline

Commodity News - Mon, 09/26/2016 - 03:58
LONDON, Sept 26 (Reuters) - European stocks fell on Monday, weighed down by a pullback in the shares of major banking and energy companies.
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