Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Commenting on the announcement that the US will impose a 25% tariff on $16 billion worth of Chinese goods, including chemicals and plastics, Ashish Chitalia, Wood Mackenzie Principal Analyst, said:"The US tariff on chemicals predomina...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Commenting on the announcement that the US will impose a 25% tariff on $16 billion worth of Chinese goods, including chemicals and plastics, Ashish Chitalia, Wood Mackenzie Principal Analyst, said:"The US tariff on chemicals predomina...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Commenting on the announcement that the US will impose a 25% tariff on $16 billion worth of Chinese goods, including chemicals and plastics, Ashish Chitalia, Wood Mackenzie Principal Analyst, said:"The US tariff on chemicals predomina...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Commenting on the announcement that the US will impose a 25% tariff on $16 billion worth of Chinese goods, including chemicals and plastics, Ashish Chitalia, Wood Mackenzie Principal Analyst, said:"The US tariff on chemicals predomina...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Commenting on the announcement that the US will impose a 25% tariff on $16 billion worth of Chinese goods, including chemicals and plastics, Ashish Chitalia, Wood Mackenzie Principal Analyst, said:"The US tariff on chemicals predomina...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Commenting on the announcement that the US will impose a 25% tariff on $16 billion worth of Chinese goods, including chemicals and plastics, Ashish Chitalia, Wood Mackenzie Principal Analyst, said:"The US tariff on chemicals predomina...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Commenting on the announcement that the US will impose a 25% tariff on $16 billion worth of Chinese goods, including chemicals and plastics, Ashish Chitalia, Wood Mackenzie Principal Analyst, said:"The US tariff on chemicals predomina...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Commenting on the announcement that the US will impose a 25% tariff on $16 billion worth of Chinese goods, including chemicals and plastics, Ashish Chitalia, Wood Mackenzie Principal Analyst, said:"The US tariff on chemicals predomina...Read More
A representative of Canadian gold giant Barrick Gold (TSX, NYSE:ABX) told the Globe & Mail today that the company's Saudi operations are not affected by the current diplomatic dispute between Ottawa and Riyadh. In an email to the newspaper, spokesman Andy Lloyd said that Barrick has a strong relationship with Ma'aden (TADAWUL:1211), the 50-per-cent state-owned company with which the miner operates...Read More
(Bloomberg) - The first time Karen Requena entered the cafeteria at BHP Billiton's massive Escondida mining operation in northern Chile, she couldn't help feeling countless eyes fixed on her body as she walked across the vast hall. "It can't get worse than that," she thought. Then as Requena looked for a place to sit, the noise started. Thousands of men began banging their knives and forks against...Read More
JAKARTA, Aug 8 (Reuters) - Indonesia's president has issued new tax regulations aimed at providing clarity for mining companies shifting their current contracts to special mining permits, in a move that could help cement a $3.9 billion deal with Freeport McMoran Inc.Freeport last month signed a Heads of Agreement to sell to the Indonesian government a majority stake in its local unit PT F...Read More
Glencore credited China's clamp down on mills and smelters with boosting its bottom line in its 2018 H1 released today.The diversified commodity giant adjusted H1 EBITDA for its metal and minerals division was $6.0 billion, 28% higher than the same period a year ago.Glencore's energy division was up 19% to $2.5 billion while agriculture declined 34% to $109 million."Industrial metals prices increa...Read More
Aug 7 (Reuters) - India's Punjab National Bank PNBK.NS reported its second consecutive quarter of loss as the country's second-biggest state-run lender set aside more funds for a massive fraud it disclosed earlier this year.Net loss was 9.40 billion rupees ($136.72 million) for the three months to June 30, compared with a profit of 3.43 billion rupees a year earlier, the bank said in a statement...Read More
* U.S. sanctions on certain Iranian goods started Tuesday* EIA cuts growth forecast for 2018 U.S. crude production* U.S. crude inventories fell more than expected -API* Up Next: EIA data Wednesday morning (Adds API data, market activity)By Andres Guerra LuzNEW YORK, Aug 7 (Reuters) - Oil prices rose on Tuesday after U.S. sanctions on Iranian goods went into effect, intensifying concerns that sanct...Read More
By Aditi ShahNEW DELHI, Aug 7 (Reuters) - Indian ride-hailing firm Ola said on Tuesday it plans to launch services in the United Kingdom this year, months after it expanded its operations in Australia, in an ongoing turf war with U.S. rival Uber Technologies UBER.UL .Ola, backed by Japan's Softbank Group 9984.T , has obtained licences to begin operations in South Wales in September, as well as Gre...Read More
* FTSE 100 up 0.7 pct at close* Intertek, Hargreaves down after results* Domino's set for worst day in 17 months (Adds quote and detail, updates prices at close)By Danilo MasoniMILAN, Aug 7 (Reuters) - Britain's top share index rose on Tuesday as miners and oil stocks tracked rising commodity prices, although some disappointing updates including from Intertek and Hargreaves kept a lid on gains.T...Read More
Investing.com - Gold prices traded higher on Tuesday as a weaker dollar boosted demand for the precious metal.At 11:10 AM ET (15:10 GMT), gold futures for December delivery on the Comex division of the New York Mercantile Exchange traded up $2.20, or 0.18%, to $1,219.90 a troy ounce.Meanwhile, the U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of s...Read More
* World shares near 6-month high as China shines* Turkish lira bounces after Monday drubbing, but still shaky* Euro, pound tick higher as dollar eases* Oil prices push higher on Iran sanctions, supply signals* Benchmark bond yields tick up as demand for safety ebbsBy Marc JonesLONDON, Aug 7 (Reuters) - World shares edged toward a six-month high on Tuesday, as the biggest jump in Chinese stocks for...Read More
* World shares near 6-month high as China shares shine* Turkish lira bounces 1.7 pct after Monday drubbing* Euro, pound tick higher as dollar eases* Oil prices drift higher on Iran sanctionsBy Marc JonesLONDON, Aug 7 (Reuters) - World shares edged toward a six-month high on Tuesday, as the biggest jump in Chinese stocks for over two years and an upbeat start for Europe followed Wall Street's best...Read More
(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 up 0.45 pct* Intertek, Hargreaves down after results* Domino's set for worst day in 17 monthsBy Danilo MasoniMILAN, Aug 7 (Reuters) - The UK's top share index edged higher in morning trading on Tuesday as miners and oil stocks tracked rising commodity prices, although some disappointing updates including from Inte...Read More