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UPDATE 1-S.Korea court denies arrest warrant for Lotte Group chairman

Commodity News - Wed, 09/28/2016 - 19:15
SEOUL, Sept 29 (Reuters) - A South Korean court rejected prosecutors' request to arrest Lotte Group chairman Shin Dong-bin, a Seoul Central District Court judge said early on Thursday, following a wide-ranging corruption investigation that became public in June.
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Brazil's CSN says no definitive deal to sell stake in Congonhas

Commodity News - Wed, 09/28/2016 - 18:54
SAO PAULO, Sept 28 (Reuters) - Brazilian steelmaker Cia Siderúrgica Nacional SA said on Wednesday it had no definitive deal to sell part of its stake in Congonhas Minerios SA, the country's No. 2 iron ore producer, following a report that it was considering a such sale.
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Hitachi, Toshiba, Mitsubishi in final talks to merge nuclear units

Commodity News - Wed, 09/28/2016 - 17:59
Sept 28 (Reuters) - Hitachi Ltd, Toshiba Corp and Mitsubishi Heavy Industries Ltd are in final talks to merge their nuclear fuel businesses as early as spring, the Nikkei business daily reported.
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S.Korea court denies arrest warrant for Lotte Group chairman-judge

Commodity News - Wed, 09/28/2016 - 15:07
SEOUL, Sept 29 (Reuters) - A South Korean court struck down prosecutors' request to arrest Lotte Group chairman Shin Dong-bin, a Seoul Central District Court judge said on Thursday, following a wide-ranging corruption investigation into the retail-to-chemicals conglomerate.
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UPDATE 1-Russian central bank says no target to raise gold's share in reserves

Commodity News - Wed, 09/28/2016 - 13:33
MOSCOW, Sept 28 (Reuters) - Russia's central bank is ready to keep buying gold from banks but has no quotas or objective to increase gold's share in its reserves, the bank's First Deputy Governor Dmitry Tulin said on Wednesday.
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Don't blame cocaine for South American forest loss, study says

Commodity News - Wed, 09/28/2016 - 13:24
RIO DE JANEIRO, Sept 28 (Thomson Reuters Foundation) - I nfrastructure projects designed to open the western Amazon for investment are to blame for deforestation in parts of Peru, Colombia and Bolivia - rather than coca production, researchers said on Wednesday.
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Britain's FTSE recovers from one-week low as miners rally

Commodity News - Wed, 09/28/2016 - 12:13
LONDON, Sept 28 (Reuters) - Britain's blue-chip share index bounced back from a one-week low on Wednesday as engineering firm Smiths Group surged after posting higher-than-expected profits and miners tracked stronger metals prices.
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Argentina judge to rule on suspended Barrick mine soon -local gov't

Commodity News - Wed, 09/28/2016 - 12:06
BUENOS AIRES, Sept 28 (Reuters) - Barrick Gold Corp's Veladero mine in Argentina could reopen in coming days if a report confirms repairs were made after a leak of processing solution containing cyanide earlier this month, a provincial government said.
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Liberty bid for two Tata Steel UK units worth nearly 100 mln pounds - source

Commodity News - Wed, 09/28/2016 - 12:06
LONDON, Sept 28 (Reuters) - Industrial and commodity group Liberty House's bid for Tata Steel UK's speciality steel and pipe businesses is worth nearly 100 million pounds ($130 million), an industry source told Reuters on Wednesday.
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UPDATE 1-Scottish investment hopes rise as mothballed steel plant reopens

Commodity News - Wed, 09/28/2016 - 11:34
MOTHERWELL, Scotland, Sept 28 (Reuters) - Scotland's last major steelworks reopened under the ownership of industrialist Sanjeev Gupta on Wednesday, heralded by Nicola Sturgeon's government as proof that the country can draw investment and protect industry in difficult times.
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COLUMN-London Metal Exchange tin stocks; going, going...? Andy Home

Commodity News - Wed, 09/28/2016 - 09:17
LONDON, Sept 28 (Reuters) - Stocks of tin held in London Metal Exchange (LME) warehouses fell by another 80 tonnes yesterday.
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Russian c.bank says has no aim to raise gold's share in reserves

Commodity News - Wed, 09/28/2016 - 09:00
MOSCOW, Sept 28 (Reuters) - Russia's Central Bank is ready to continue buying gold from banks but has no quotas or objective to increase the metal's share in its gold and foreign exchange reserves, the bank's First Deputy Governor Dmitry Tulin said on Wednesday.
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INSIGHT-Inside Brazil's battle to save the Amazon with satellites and strike forces

Commodity News - Wed, 09/28/2016 - 09:00
BRASILIA, Sept 28 (Thomson Reuters Foundation) - When George Porto joined Brazil's environment agency 13 years ago, the country didn't have access to satellite data on illegal logging -- let alone heat maps tracking deforestation patterns or gun-toting agents dedicated to stopping ecological crimes.
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Turkey to complete Syria border wall within 5 months, official says

Commodity News - Wed, 09/28/2016 - 08:44
* Wall to run length of 900-km border, prevent illegal crossings
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Volkswagen suspends ties with some Indian suppliers after expose of child deaths in mica mines

Commodity News - Wed, 09/28/2016 - 08:32
MUMBAI, Sept 28 (Thomson Reuters Foundation) - German carmaker Volkswagen has stopped buying mica from some suppliers in India, following a Thomson Reuters Foundation investigation that found child workers were dying in illegal, unregulated mines, a company official said.
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Sri Lankan shares post 3-wk closing high as banks gain on rate decision

Commodity News - Wed, 09/28/2016 - 08:21
COLOMBO, Sept 28 (Reuters) - Sri Lankan stocks closed higher on Wednesday, hitting a more than three-week closing high, led by gains in banking stocks after the central bank held the key monetary policy rates steady.
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Kenya to pick contractor for minerals survey by December - minister

Commodity News - Wed, 09/28/2016 - 07:48
NAIROBI, Sept 28(Reuters) - Kenya will appoint a company by December to conduct a year-long airborne survey to map its mineral deposits to attract mining explorers to the nascent sector, Mining Cabinet Secretary Dan Kazungu said on Wednesday.
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UPDATE 2-Finnish client takes new legal action against Areva over nuclear project

Commodity News - Wed, 09/28/2016 - 06:43
* Finns say French nuclear restructuring could mean further delays
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China probes senior Hebei Iron & Steel executive for suspected graft

Commodity News - Wed, 09/28/2016 - 04:59
BEIJING, Sept 28 (Reuters) - The deputy general manager of Hebei Iron and Steel, China's largest steel company by output, is being investigated by the ruling Communist Party for suspected corruption, the party's anti-graft watchdog said on Wednesday.
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China's economy less healthy in third quarter than data suggest-private survey

Commodity News - Wed, 09/28/2016 - 04:24
BEIJING, Sept 28 (Reuters) - China's economy was less healthy in the third quarter than a recent spate of upbeat data suggest, with growth coming exclusively from manufacturing and property while the services and retail sectors faltered, a private survey showed.
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