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UPDATE 1-Strong demand for $904 mln IPO of India's ICICI Pru Life

Commodity News - Wed, 09/21/2016 - 08:48
* ICICI Pru Life's IPO biggest in India in six years (Updates subscription, adds IPO market outlook)
Categories: Top Market Blogs

Sri Lankan shares recover after four sessions of losses

Commodity News - Wed, 09/21/2016 - 08:16
COLOMBO, Sept 21 (Reuters) - Sri Lankan shares edged up on Wednesday following four straight sessions of losses, as investors shrugged off the impact of a proposed increase in value added tax to pick up battered shares, amid high turnover.
Categories: Top Market Blogs

UPDATE 1-VW investors seek $9 bln in damages over emissions scandal-court

Commodity News - Wed, 09/21/2016 - 07:52
* Filings with regional court near VW's headquarters (Adds details on new complaints)
Categories: Top Market Blogs

Tale of Eldorado does little to dampen Brazilian bond allure

Commodity News - Wed, 09/21/2016 - 06:14
LONDON/SAO PAULO, Sept 21 (Reuters) - Eldorado may offer a cautionary tale for investing in Brazilian bonds, yet a 20 percent fall in the pulpmaker's debt since it borrowed $350 million in June has not reduced appetite for the country's corporate credit.
Categories: Top Market Blogs

China Benxi Steel no longer in stake auction list amid talk of merger

Commodity News - Wed, 09/21/2016 - 04:48
SHANGHAI, Sept 21 (Reuters) - China's Benxi Iron and Steel Group is no longer part of an auction to sell stakes in state-owned firms to strategic investors, an official list shows, amid rumours that a long postponed merger with local rival Anshan Iron and Steel (Angang) is set to resume.
Categories: Top Market Blogs

UPDATE 1-Japan August crude steel output up for 5th month on lower stocks

Commodity News - Wed, 09/21/2016 - 04:31
* Output of small steel bars falls for 24th month (Adds details and quotes)
Categories: Top Market Blogs

UPDATE 1-Philippines to suspend over 10 more mines in environmental crackdown - minister

Commodity News - Wed, 09/21/2016 - 01:51
MANILA, Sept 21 (Reuters) - The Philippines will suspend more than 10 additional mines in an ongoing environmental crackdown on the sector but the announcement of who will be shut has been moved to Sept. 26, the minister in charge of mining said on Wednesday.
Categories: Top Market Blogs

Philippines to suspend over 10 more mines in environmental crackdown - minister

Commodity News - Wed, 09/21/2016 - 01:12
MANILA, Sept 21 (Reuters) - The Philippines will suspend more than 10 additional mines in an ongoing environmental crackdown on the sector but the announcement of who will be shut has been moved to Sept. 26, the minister in charge of mining said on Wednesday.
Categories: Top Market Blogs

Hong Kong stocks rise, China flat; markets look ahead to Fed,

Commodity News - Wed, 09/21/2016 - 00:56
SHANGHAI, Sept 21 (Reuters) - Hong Kong stocks were firm on Wednesday morning ahead of the Federal Reserve's policy meeting, while persistent sluggishness in China's equity market helped to extend the flow of mainland money into Hong Kong.
Categories: Top Market Blogs

China chemical accidents cause 199 deaths from Jan-Aug - Greenpeace

Commodity News - Wed, 09/21/2016 - 00:39
SHANGHAI, Sept 21 (Reuters) - China had 232 chemical-related accidents from January to August this year, causing 199 deaths and 400 injuries, according to research from the environmental group Greenpeace published on Wednesday.
Categories: Top Market Blogs

HIGHLIGHTS-Thomson Reuters/INSEAD Q3 Asian Business Sentiment Survey -by economy

Commodity News - Tue, 09/20/2016 - 23:00
Sept 21 (Reuters) - Optimism among Asia-Pacific companies rose for the third straight quarter in July-September 2016 on signs China's growth is stabilising, although they remained wary of risks from volatile oil prices and the outcome of the U.S. presidential election, a Thomson Reuters/INSEAD survey showed.
Categories: Top Market Blogs

HIGHLIGHTS-Thomson Reuters/INSEAD Q3 Asian Business Sentiment Survey -by sector

Commodity News - Tue, 09/20/2016 - 23:00
Sept 21 (Reuters) - Business sentiment at Asian companies rose to its highest level in more than a year in the third quarter, buoyed by signs that China's economy is stabilising and as Brexit concerns receded.
Categories: Top Market Blogs

Salary of BHP CEO cut in half after Brazil mine disaster

Commodity News - Tue, 09/20/2016 - 21:38
SYDNEY, Sept 21 (Reuters) - BHP Billiton Chief Executive Andrew Mackenzie's annual salary was cut in half following the Samarco dam disaster in Brazil that claimed 19 lives and caused widespread environmental damage, the global miner said.
Categories: Top Market Blogs

RPT-COLUMN-The lithium supply battle starts to heat up: Andy Home

Commodity News - Tue, 09/20/2016 - 21:00
Not a day goes by without an exploration company telling us about an exciting development on their property, which is now a lithium prospect irrespective of what minerals were originally being hunted.
Categories: Top Market Blogs

Medicare EpiPen spending outpaces prescription growth -Kaiser report

Commodity News - Tue, 09/20/2016 - 15:20
NEW YORK, Sept 20 (Reuters) - U.S. government spending on Mylan Inc's EpiPen in the Medicare program for seniors and the disabled rose 1,151 percent from 2007 through 2014, while the number of EpiPen users grew 164 percent, the Kaiser Family Foundation said on Tuesday in an analysis.
Categories: Top Market Blogs

U.S. lawmakers skeptical of ag chemical, seed merger wave

Commodity News - Tue, 09/20/2016 - 14:12
WASHINGTON, Sept 20 (Reuters) - U.S. lawmakers expressed concern on Tuesday over a wave of mergers among companies that sell farmers their seeds, herbicides and insecticides, worrying that the deals could lead to higher prices and less innovation at a time of dropping farm incomes.
Categories: Top Market Blogs

Florida sinkhole to cost Mosaic up to $50 million to fix

Commodity News - Tue, 09/20/2016 - 11:49
Sept 20 (Reuters) - A massive leak of contaminated water through a sinkhole at a Mosaic Co fertilizer facility in Florida will cost it $20 million to $50 million to fix, a company executive said on Tuesday.
Categories: Top Market Blogs

As Mongolia teeters, bond investors bank on China for bailout

Commodity News - Tue, 09/20/2016 - 10:27
HONG KONG/LONDON, Sept 20 (Reuters) - Holders of Mongolia's high-yielding dollar bonds are looking beyond a sharp rise in sovereign default risks on a bet that China or the International Monetary Fund (IMF) will help the once-booming commodity producer to stay solvent.
Categories: Top Market Blogs

Ivory trade debate resurfaces as southern Africa's elephants thrive

Commodity News - Tue, 09/20/2016 - 09:30
* Southern African elephant populations growing or stabilizing
Categories: Top Market Blogs

GRAPHIC-Credit Suisse sees scope for UK mining dividend rise

Commodity News - Tue, 09/20/2016 - 08:57
LONDON, Sept 20 (Reuters) - Dividend yields at British mining companies have hit a five-year low just as cash flows in the sector improve, prompting some analysts to call for higher payouts as early as next year.
Categories: Top Market Blogs

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