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Zambia's Lungu leads in election, main opponent alleges irregularities

Commodity News - Mon, 08/15/2016 - 00:10
LUSAKA, Aug 15 (Reuters) - President Edgar Lungu was leading in Zambia's presidential election on Monday, with 85 percent of the constituencies counted, but his main rival demanded a recount in a key district, citing irregularities.
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Egypt reconsiders grain mega project amid scandal investigation

Commodity News - Sun, 08/14/2016 - 03:34
CAIRO, Aug 14 (Reuters) - Blumberg Grain said its mega project to store Egyptian grains was back in play, with the government to announce a final decision in two weeks, after earlier indications that plans had been shelved and the company might exit the country entirely.
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Europe's boutique firms stealing M&A market share, dealmakers, data shows

Commodity News - Sun, 08/14/2016 - 03:00
LONDON, Aug 14 (Reuters) - Boutique advisory firms now receive nearly half of all mergers and acquisition fees in Europe, stealing market share and top dealmakers from global investment banks hamstrung by a renewed focus on cost-cutting and regulations on how much they can pay.
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UPDATE 1-Zambia's Lungu ahead in early vote results, opposition cries foul

Commodity News - Sat, 08/13/2016 - 08:57
* Opposition says electoral officers collude with ruling party
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Zambia's opposition leader takes narrow early lead in election

Commodity News - Sat, 08/13/2016 - 01:16
LUSAKA, Aug 13 (Reuters) - Zambia's main opposition leader Hakainde Hichilema took an early lead over President Edgar Lungu on Saturday in a tight election battle fought as the key copper producer's economy stutters due to weak commodity prices.
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China to use tougher environmental standards to tackle capacity glut

Commodity News - Fri, 08/12/2016 - 23:04
SHANGHAI, Aug 13 (Reuters) - China will use the stricter enforcement of environmental, safety and energy efficiency standards as well as tougher credit controls to help fight against overcapacity in key industrial sectors, the government said.
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Glencore begins arbitration against Bolivia over mine nationalization

Commodity News - Fri, 08/12/2016 - 17:12
SANTIAGO, Aug 12 (Reuters) - Swiss-based mining and trading firm Glencore said it would begin arbitration proceedings against Bolivia over the nationalization of some of its assets by the Evo Morales government.
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UPDATE 3-Zambia's president takes narrow early lead in election

Commodity News - Fri, 08/12/2016 - 16:19
* Ailing economy was big issue in election campaign (Updates with first results in, row over fraud)
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South Sudan rejects extra U.N. troops for Juba, says will not cooperate

Commodity News - Fri, 08/12/2016 - 16:18
JUBA, Aug 12 (Reuters) - South Sudan will not accept a 4,000-member United Nations protection force to ensure peace in its capital Juba and will not to cooperate with the world body, a spokesman for President Salva Kiir said on Friday after the U.N. Security Council authorized the troops.
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Thyssenkrupp eyes steel plant closures, says labour official

Commodity News - Fri, 08/12/2016 - 12:27
DUISBURG, Germany, Aug 12 (Reuters) - German conglomerate Thyssenkrupp wants to come up with a new, aggressive cost-cutting plan for its steelmaking division by May, probably including the closure of some plants that would violate a labour agreement, a senior labour official said.
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Pakistan shares post all-time closing high; rupee weaker, o/n rates fall

Commodity News - Fri, 08/12/2016 - 08:30
KARACHI, Aug 12 (Reuters) - Pakistan stocks posted an all-time closing high on Friday, led by gains in oil stocks due to a rise in crude prices overnight, dealers said.
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UPDATE 2-South Africa's NUM union ends strike at power utility Eskom

Commodity News - Fri, 08/12/2016 - 06:40
* Petrochemical sector strike in second week (Recasts with NUM ends strike)
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UPDATE 1-China daily steel output slips in July amid pollution crackdown

Commodity News - Thu, 08/11/2016 - 23:01
Aug 12 (Reuters) - China's average daily crude steel fell in July from a record high in the previous month, government data showed on Friday, as Beijing's environmental clampdown curbed production in the world's top steel producer.
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China July crude steel output up 2.6 pct at 66.81 mln T

Commodity News - Thu, 08/11/2016 - 22:11
Aug 12 (Reuters) - China's crude steel output rose 2.6 percent from a year ago to 66.81 million tonnes in July, data from the National Bureau of Statistics showed on Friday.
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New fund aims to fuel growth in market for clean cookstoves

Commodity News - Thu, 08/11/2016 - 21:00
BARCELONA, Aug 12 (Thomson Reuters Foundation) - A new $4 million fund aims to speed up the development of supply chains for less polluting cookstoves in poor communities, by lending to businesses that would otherwise struggle to finance their growth, the Global Alliance for Clean Cookstoves said.
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Pakistan shares hit record high; rupee stronger, o/n rates fall

Commodity News - Thu, 08/11/2016 - 20:46
KARACHI, Aug 12 (Reuters) - Pakistan stocks edged up to a fresh record closing high on Thursday, led by banking stocks, dealers said.
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UPDATE 1-Steel & Tube full-year profits rise over 20 pct

Commodity News - Thu, 08/11/2016 - 17:22
WELLINGTON, Aug 12 (Reuters) - New Zealand's Steel & Tube on Friday posted a rise in its full-year profit, despite low prices for steel and increased competition creating a challenging environment.
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UPDATE 2-Legg Mason's Bill Miller leaves firm amid faded glory

Commodity News - Thu, 08/11/2016 - 13:48
NEW YORK/BOSTON, Aug 11 (Reuters) - Legg Mason Inc's Bill Miller, whose mutual fund beat the S&P 500 handily for 15 consecutive years at the turn of the century, is riding off into the sunset after his recent lagging returns left a trail of disappointed investors.
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Indian conglomerate Aditya Birla to spin off financial services in group restructuring

Commodity News - Thu, 08/11/2016 - 12:02
MUMBAI, Aug 11 (Reuters) - Indian conglomerate Aditya Birla Group plans to merge its subsidiaries Grasim Industries Ltd and Aditya Birla Nuvo Ltd through a stock swap and spin off its financial services business, it said on Thursday.
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UPDATE 1-U.N. wants Russia to agree "workable humanitarian pause" in Aleppo

Commodity News - Thu, 08/11/2016 - 10:31
* U.S., Russia discussing Aleppo, overall ceasefire (Adds details, quotes, byline)
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