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Miner Freeport-McMoRan reports smaller quarterly loss

Commodity News - Tue, 07/26/2016 - 08:07
July 26 (Reuters) - Diversified U.S. miner and oil producer Freeport-McMoRan Inc reported a smaller quarterly loss as aggressive cost cutting helped counter a near 20 percent drop in copper prices.
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Yemen's ancient art of brickmaking endures war

Commodity News - Tue, 07/26/2016 - 08:00
SANAA, July 26 (Reuters) - Traditional mud brick tower houses have always been a source of pride to Yemenis, and over a year into a devastating civil war, they are also providing some much-needed jobs in the ancient capital Sanaa.
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UPDATE 2-DuPont profit beats as lower costs boost margins

Commodity News - Tue, 07/26/2016 - 07:03
* Lowers dollar impact on FY profit to 15 cents from 20 cents
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UPDATE 2-Chinese miners call for anti-dumping probe into iron ore imports

Commodity News - Tue, 07/26/2016 - 06:38
SHANGHAI, July 26 (Reuters) - Chinese iron ore miners have called for an anti-dumping investigation into imports of the steelmaking raw material from top suppliers Australia and Brazil.
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DuPont profit rises 8.5 percent as costs fall

Commodity News - Tue, 07/26/2016 - 06:08
July 26(Reuters) - Chemicals and seeds producer DuPont reported an 8.5 percent rise in quarterly profit, helped by lower costs.
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UPDATE 1-China net gold imports via Hong Kong fall 38.5 pct in June

Commodity News - Tue, 07/26/2016 - 05:28
July 26 (Reuters) - Top consumer China's net gold imports via main conduit Hong Kong fell 38.5 percent in June, a month after hitting its highest for the year, data showed on Tuesday.
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China's Hebei to cut more than 31 mln T of iron, steel capacity in 2016

Commodity News - Tue, 07/26/2016 - 04:57
BEIJING, July 26 (Reuters) - China's top steelmaking province Hebei plans to cut more than 31 million tonnes of combined iron and steel production capacity in 2016, the official Xinhua news agency reported on Tuesday.
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China mining body calls for anti-dumping probe into iron ore imports

Commodity News - Tue, 07/26/2016 - 04:12
BEIJING, July 26 (Reuters) - Chinese miners plan to jointly apply for an anti-dumping investigation into iron ore and iron ore products imported from Australia and Brazil, a miners association said.
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Gold market surplus shrinks as fund inflows offset weak Asian buying -GFMS

Commodity News - Tue, 07/26/2016 - 04:00
* Gold ETF inflows hit highest half-year on record in H1 * GFMS lifts 2016 gold price forecast to $1,279/oz * Physical gold demand slides to 7-year low in Q2 By Jan Harvey LONDON, July 26 (Reuters) - A surge in Western gold investment helped offset sliding Asian demand in the second quarter, GFMS analysts at Thomson Reuters said on Tuesday, as they hiked their gold price forecast for the year in response to jitters over the economic outlook. In the Q2 update of its Gold Sur
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Australia farmers defer wheat sales, hope for La Nina-led price rally

Commodity News - Tue, 07/26/2016 - 03:36
SYDNEY, July 26 (Reuters) - Australian farmers are holding on to their wheat stocks and refraining from locking in deals for future sales, on hopes a La Nina weather event later this year will dent global output and lift prices from current 10-year lows.
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Takeda sets bidding deadline for chemical firm stake, CVC and Carlyle may bid -sources

Commodity News - Tue, 07/26/2016 - 03:22
TOKYO, July 26 (Reuters) - Takeda Pharmaceutical Co Ltd will accept initial bids for its 70 percent stake in a chemicals company through Aug. 16, with potential suitors including CVC Capital Partners Ltd and Carlyle Group Ltd, sources told Reuters.
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UK's Drax sees 2016 earnings at lower end of forecast range

Commodity News - Tue, 07/26/2016 - 02:21
LONDON, July 26 (Reuters) - British power producer Drax said its full-year earnings for 2016 would likely be at the lower end of analysts' forecasts, after posting a 42 percent drop for the first half of the year.
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DEAKTALK-An arranged marriage in China's steel industry troubled from the start

Commodity News - Tue, 07/26/2016 - 01:50
SHANGHAI, July 26 (Reuters) - It may be the Chinese government's idea of creative destruction.
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UPDATE 1-Shell Philippines files $629 mln IPO; may be country's largest in 2016

Commodity News - Mon, 07/25/2016 - 23:35
* Company plans to offer up to 330 mln shares at 90 pesos/shr
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Australia shares track commodities lower, NZ stocks flat

Commodity News - Mon, 07/25/2016 - 22:27
SYDNEY/WELLINGTON, July 26 (Reuters) - Australian shares tracked commodity prices and global markets lower on Tuesday, while New Zealand shares barely moved.
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Caterpillar posts lower retail machinery sales ahead of 2nd-qtr results

Commodity News - Mon, 07/25/2016 - 16:33
July 25 (Reuters) - Caterpillar Inc said on Monday its global retail machinery sales declined 12 percent for the three months ended June 30 as demand for heavy machinery remained sluggish in all of the company's core markets amid a slowdown in construction and mining activity.
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German firm to start metal trading platform for spot deliveries

Commodity News - Mon, 07/25/2016 - 14:11
HAMBURG, July 25 (Reuters) - Newly-established German company Metalprodex GmbH said on Monday it planned to start a trading platform for the buying and selling of base metals for immediate physical delivery.
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UPDATE 2-Fibria falls as pulp price outlook disappoints investors

Commodity News - Mon, 07/25/2016 - 13:36
SAO PAULO, July 25 (Reuters) - Fibria SA, the world's largest producer of eucalyptus pulp, does not expect global pulp prices to rise sharply in the short term despite a clear recovery in Chinese demand for the commodity, executives said on Monday.
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COLUMN-The three bull standouts in China's first-half metals trade: Andy Home

Commodity News - Mon, 07/25/2016 - 10:12
LONDON, July 25 (Reuters) - China's imports of base metals were once the bullish drumbeat to which the global market marched.
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UPDATE 1-Saudi's SABIC says studying petchems JV with Exxon Mobil affiliate

Commodity News - Mon, 07/25/2016 - 09:39
* Latest joint venture for two giants (Adds details from separate statement)
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