Feed aggregator

Fewer Chileans living in poverty despite economic slowdown

Commodity News - Thu, 09/22/2016 - 13:58
SANTIAGO, Sept 22 (Reuters) - Fewer Chileans were living in poverty despite weak economic growth in the world's leading copper producer, the government said on Thursday, noting that 11.7 percent of the population was below the poverty line in 2015 compared to 14.4 percent in 2013.
Categories: Top Market Blogs

UPDATE 1-Hinkley Point a boost to UK steel, but not a game changer

Commodity News - Thu, 09/22/2016 - 13:50
* Experts say project will need at least 1 mln tonnes of steel
Categories: Top Market Blogs

UPDATE 2-Despite sanctions, Russia sees huge demand for $1.25 bln Eurobond top-up

Commodity News - Thu, 09/22/2016 - 12:04
* Euroclear, Russia's NSD to serve deal (Adds details, quotes, background)
Categories: Top Market Blogs

Lafarge Africa raises 60 bln naira in bond issues

Commodity News - Thu, 09/22/2016 - 10:38
LAGOS, Sept 22 (Reuters) - Lafarge Africa said on Thursday it has raised 60 billion naira ($184 million) by issuing three and five-year bonds through book building.
Categories: Top Market Blogs

Hinkley Point a boost to UK steel, but not a game changer

Commodity News - Thu, 09/22/2016 - 09:11
* Experts say project will need at least 1 mln tonnes of steel
Categories: Top Market Blogs

RPT-COLUMN-Reality check for Australia's "mining to dining" hopes: Russell

Commodity News - Thu, 09/22/2016 - 08:00
LAUNCESTON, Australia, Sept 22 (Reuters) - One of the themes in Australia as the resource boom comes to an end is that the country will be able to compensate by boosting its agricultural sector, the so-called "mining to dining" manoeuvre.
Categories: Top Market Blogs

UPDATE 2-China's Baosteel details Wuhan deal to forge ArcelorMittal rival

Commodity News - Thu, 09/22/2016 - 07:56
* Will take top spot among China's steelmakers (Adds details on the acquisition)
Categories: Top Market Blogs

Sri Lankan shares rise on blue chips; foreign outflow hits 7-mth high

Commodity News - Thu, 09/22/2016 - 07:38
COLOMBO, Sept 22 (Reuters) - Sri Lankan stocks hit a one-week closing high on Thursday, led by blue chips as investors picked up beaten down counters, even as foreign investor outflow touched a seven-month high, mainly due to selling in shares of National Development Bank.
Categories: Top Market Blogs

China's state planner to meet with coal industry on supply, prices

Commodity News - Thu, 09/22/2016 - 07:20
BEIJING, Sept 22 (Reuters) - China has called regulators and company executives from the country's major coal producing regions to an "urgent" meeting on Friday, the second in as many weeks as Beijing tries to overhaul the industry while maintaining supplies to major consumers.
Categories: Top Market Blogs

China's Baosteel takes over Wuhan to create world's No.2 steelmaker

Commodity News - Thu, 09/22/2016 - 04:18
SHANGHAI, Sept 22 (Reuters) - China's Baosteel Group will fully take over Wuhan Steel Group to create the world's second largest steelmaker after ArcelorMittal, as Beijing aims to increase the concentration level of the scattered industry.
Categories: Top Market Blogs

COLUMN-Reality check for Australia's "mining to dining" hopes: Russell

Commodity News - Thu, 09/22/2016 - 01:55
LAUNCESTON, Australia, Sept 22 (Reuters) - One of the themes in Australia as the resource boom comes to an end is that the country will be able to compensate by boosting its agricultural sector, the so-called "mining to dining" manoeuvre.
Categories: Top Market Blogs

China's steel demand seen shrinking for a third straight year -CISA

Commodity News - Thu, 09/22/2016 - 01:31
DALIAN, China, Sept 22 (Reuters) - China's steel demand is likely to drop for a third year in a row, an industry official said on Thursday, as mills in the world's top producer focus on reducing capacity.
Categories: Top Market Blogs

UPDATE 2-Rusty patched bumble bee proposed for U.S. endangered species status

Commodity News - Wed, 09/21/2016 - 21:05
Sept 21 (Reuters) - The U.S. Fish and Wildlife Service on Wednesday proposed listing the rusty patched bumble bee, a prized but vanishing pollinator once widely found in the upper Midwest and Northeastern United States, for federal protection as an endangered species.
Categories: Top Market Blogs

UPDATE 1-Brazil's Vale shares jump on talk of fertilizer unit sale

Commodity News - Wed, 09/21/2016 - 19:14
SAO PAULO, Sept 21 (Reuters) - Shares in Brazil's Vale SA rose the most in almost 15 weeks on Wednesday on speculation the world's largest iron ore producer would announce the partial sale of a unit to U.S. fertilizer producer Mosaic Co later in the day.
Categories: Top Market Blogs

UK car output rose 9 percent in August - SMMT

Commodity News - Wed, 09/21/2016 - 19:00
LONDON, Sept 22 (Reuters) - British car production rose 9.1 percent in August compared with the same month last year, an industry body said on Thursday, cautioning future growth would depend on Britain continuing to trade competitively after its vote to leave the European Union.
Categories: Top Market Blogs

Chile's SQM says will boost annual lithium hydroxide capacity 7,500 tonnes

Commodity News - Wed, 09/21/2016 - 18:47
SANTIAGO, Sept 21 (Reuters) - Chilean fertilizer and chemical producer SQM will invest around $30 million by the end of 2017 to increase its annual lithium hydroxide production capacity by 7,500 tonnes, the company said in a press release on Wednesday.
Categories: Top Market Blogs

Big gold miners see muted M&A as bullion's rise limits bargains

Commodity News - Wed, 09/21/2016 - 14:26
COLORADO SPRINGS, Colo., Sept 21 (Reuters) - The world's biggest gold miners will stay shy of big acquisitions, top executives said this week, noting that a jump in the price of bullion has made potential purchases pricey, and memories of failed deals linger.
Categories: Top Market Blogs

Ghana could be Africa's number four oil producer by 2020 -report

Commodity News - Wed, 09/21/2016 - 14:24
ACCRA, Sept 21 (Reuters) - Ghana could become the fourth biggest oil producer in sub-Saharan Africa by 2020 once two new offshore fields come on stream, to push total output above 240,000 barrels per day (bpd), pan-African bank Ecobank said on Wednesday.
Categories: Top Market Blogs

Brazil's raging forest fires threaten indigenous land, uncontacted tribes

Commodity News - Wed, 09/21/2016 - 13:12
RIO DE JANEIRO, Sept 21 (Thomson Reuters Foundation) - F orest fires raging in northeast Brazil are forcing indigenous people out of their traditional territories and threatening uncontacted tribes, an indigenous leader said on Wednesday.
Categories: Top Market Blogs

Ontario strikes deal with Bedrock to restructure U.S. Steel Canada

Commodity News - Wed, 09/21/2016 - 11:32
TORONTO, Sept 21 (Reuters) - The province of Ontario said on Wednesday that it has signed an agreement with equity fund Bedrock Industries LP to restructure U.S. Steel Canada, but the deal still requires approval from other stakeholders and a Canadian court.
Categories: Top Market Blogs

Pages