(Adds company items, futures)Aug 7 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 6 points at 7,670 on Tuesday, according to financial bookmakers, with futures FFIc1 up 0.3 percent ahead of the cash market open.* TP ICAP (LON:NXGN): TP ICAP Plc TCAPI.L , the world's largest interdealer broker, said on Tuesday it chose Paris to be its European Union headquarters after Britain leaves...Read More
Aug 7 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 6 points at 7,670 on Tuesday, according to financial bookmakers.* BHP: Miner BHP BLT.L said on Monday it had formally requested a period of government mediation with the union at its Escondida copper mine in Chile, the world's largest, hours before the union threatened to begin a walk-off. MONDI: Mondi Plc MNDI.L acquired a contro...Read More
* MSCI's Asia-Pacific index rises 0.35 pct, Nikkei up 0.6 pct* Spreadbetters expect European stocks to open slightly higher* Dollar index hovers at 3-wk highs amid ongoing trade concerns* Turkey's lira near record low as US-Turkish tensions ramp up* Oil extends rise after renewed US sanctions on Iran kick inBy Shinichi SaoshiroTOKYO, Aug 7 (Reuters) - A rebound in battered Chinese stock markets on...Read More
(Bloomberg) -- Glencore (LON:GLEN) Plc may have had a nightmarish year so far, but the world’s top commodity trader is still raking in mountains of money.The company is facing a U.S. corruption probe, got mired in a dispute with its billionaire former partner in the Democratic Republic of Congo and has been caught in the fallout from new U.S. sanctions on Russia -- among other issues. Ye...Read More
PolarX points to upsideSPONSOREDpolarx ltdChile's reputation as LatAm go-to destination faces long-term threats - AnalysisSPONSOREDverisk maplecroftFurther de-risking as Danakali debuts on bigger stageSPONSOREDdanakaliKing River's 'overnight' success story stretches back to 1970SPONSOREDking river copper PolarX points to upsideSPONSOREDpolarx ltdChile's reputation as LatAm go...Read More
Fatality at Serabi mine: NMBCapital markets"We have had some really positive surprises out of this process"LeadershipPolarX points to upsideSPONSOREDpolarx ltdChile's reputation as LatAm go-to destination faces long-term threats - AnalysisSPONSOREDverisk maplecroftIt's not often that Australians are impressed by other people's weather, but I must say I am pleased not to be holidaying...Read More
Latin America-focused Westminster Resources (TSX.V: WMR) announced today that it has signed a letter of intent to acquire a land package in the La Ronge district of Saskatchewan, central Canada. In a press release, the miner said that the project package consists of two contiguous claims60 kilometres northeast of the town of La Ronge. The land extends for 10,858 hectares and historically its focus...Read More
Due to reduced precipitation and a minimal snow melt, Centerra Gold's Mount Milligan may have to reduce production.Centerra Gold (TSX:CG), which warned investors about water constraints in its second quarter news release, has applied to British Columbia regulators to access additional water sources through July 2020."If regulatory approvals to access water sources are not received as expected and...Read More
* Saudi July crude output down 200,000 bpd from June -OPEC sources* U.S. wants countries to stop buying Iranian oil -senior official* Some sanctions due to take effect Tuesday (Updates with settlement prices; adds commentary)By Stephanie KellyNEW YORK, Aug 6 (Reuters) - Oil futures gained on Monday after OPEC sources said Saudi crude production unexpectedly fell in July, raising concerns about glo...Read More
* Financial stocks lead* HDFC AMC surges in market debutAug 6 (Reuters) - Indian shares edged up on Monday to their highest close, driven by financials such as private sector lenders ICICI Bank Ltd ICBK.NS and Axis Bank Ltd AXBK.NS , while positive global cues also helped boost investor sentiment.The benchmark BSE index .BSESN climbed 0.36 percent to a record close of 37,692.46, while the broa...Read More
(Corrects to European Union from euro zone in the first paragraph)By Karen BrettellNEW YORK, Aug 6 (Reuters) - Concerns about Britain's plan to leave the European Union sent the pound to an 11-month low against the greenback on Monday, while U.S.-China trade tensions helped boost the U.S. currency.Comments by officials about a no-deal Brexit stoked fears Britain would crash out of the union withou...Read More
Investing.com - Gold futures were lower in Asian trade on Monday.On the Comex division of the New York Mercantile Exchange, Gold futures for December delivery traded at USD1215.90 a troy ounce at time of writing falling 0.60%.Earlier, it traded at a session low USD1214.80 a troy ounce. Gold was likely to find support at USD1205.10 and resistance at USD1226.00.US Dollar Index Futures, which tracks...Read More
(Bloomberg) -- Justin Trudeau’s attempts to export his “sunny” progressive ways have hit another roadblock, this time with Saudi Arabia. Yet unlike in recent spats with China and India, Canada’s prime minister may get a slight boost at home for his support of women’s rights.Saudi Arabia suspended diplomatic ties and halted new trade dealings late Sunday following comm...Read More
* FTSE 100 up 0.1 pct; oil stocks, weaker pound support* HSBC falls after mixed results* IWG slumps after ending takeover talks; warning sinks Spire* Credit Suisse (SIX:CSGN) downgrades UK equities (Adds detail, updates prices at close)By Danilo MasoniMILAN, Aug 6 (Reuters) - Britain's top share index ticked higher on Monday as energy stocks tracked rising oil prices, while HSBC fell after its e...Read More
Investing.com - Gold prices traded lower on Monday as a stronger dollar continued to weigh on the precious metal, with investors showing a preference for the greenback as a safe-haven asset.At 10:48 AM ET (10:48 GMT), gold futures for December delivery on the Comex division of the New York Mercantile Exchange traded down $4.50, or 0.37%, to $1,218.70 a troy ounce. That was still higher than last F...Read More
(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 flat; oil stocks, weaker pound provide support* HSBC falls after mixed results* IWG slumps after ending takeover talks; warning sinks Spire* Credit Suisse (SIX:CSGN) downgrades UK equitiesBy Danilo MasoniMILAN, Aug 6 (Reuters) - The UK's top share index was steady on Monday as gains in energy stocks on higher oil...Read More
(Adds details on India operations, metal output, shares)Aug 6 (Reuters) - Miner Vedanta Resources Plc VED.L , set to be taken private by Chairman Anil Agarwal, reported on Monday a 26.3 percent rise in quarterly core earnings on higher aluminium production and commodity prices, and said it was hopeful of restarting its copper smelter in India.The London-listed company, which operates primarily i...Read More
(Refiles for dropped word in paragraph one)Aug 6 (Reuters) - Miner Vedanta Resources Plc VED.L , which is set to be taken private by Chairman Anil Agarwal, reported on Monday a 26.3 percent rise in first-quarter core earnings on higher commodity prices.The London-listed company's earnings before interest, taxes, depreciation and amortization (EBITDA) rose to $983 million, for the three months en...Read More
Miner BHP said on Monday that it had formally requested a period of government mediation with the union at its Escondida copper mine in Chile, the world's largest, just hours before workers threatened to begin a strike.The union had earlier asked the company to negotiate by 10:00 a.m. local time (1400 GMT), but said in a statement later on Monday that it had begun preparing for a strike.BHP had no...Read More
A battle over the world's second-largest copper mine has dogged Freeport-McMoRan Inc. shareholders for more than a year. Now it may be the turn of the copper market.Production at Grasberg in Indonesia will fall by more than half next year as its giant pits transition to underground operations, cutting some 300,000 metric tons of supply from a market many already believe is headed for deficit.The d...Read More