(Updates with details, adds stocks move, quote)By Swati BhatMUMBAI, Oct 11 (Reuters) - The Indian rupee plumbed new lows and stock markets fell deeper into the red for the year on Thursday, rocked by sell-offs across global markets spooked by escalating global trade tensions and warnings of a growth slowdown.The Indian rupee fell to 74.4850 per dollar levels in early trade, off 0.4 percent on day....Read More
* NSE, BSE indexes end about 2.2 pct lower* Sharp sell-off across the globe* HPCL rises over 16 pctOct 11 (Reuters) - Indian shares plunged more than 2 pct on Thursday, at their lowest closing levels since April, mirroring the markets rout across the globe amid rising trade concerns and expectation of rate hikes in the United States.The benchmark BSE index .BSESN closed down 2.19 percent at 34,001...Read More
BENGALURU, Oct 11 (Reuters) - Gold prices inched down on Thursday as robust U.S. data potentially bolstered the chances of multiple U.S. interest rate hikes over the next year.The declines came even as Wall Street suffered its worst drubbing in eight months.FUNDAMENTALS* Spot gold XAU= was down 0.2 percent at $1,192.41 an ounce at 0105 GMT.* U.S. gold futures GCv1 were up 0.2 percent at $1,195.70...Read More
Amerigo MVC plant ramp-up on courseSPONSOREDamerigo resources The move signals a geographic expansion for the company which has made a name for itself as a first mover in Argentina, when economic reforms opened the country for foreign investment in 2003.Under the first of two accords, Golden Arrow has entered a 48-month earn-in period "with minimal costs" in the first year and total payments of U...Read More
LONDON, Oct 11 (Reuters) - Copper producer Atalaya Mining, which is backed by Swiss trading giant Trafigura, is looking for a buyer, two banking sources said on Thursday.The Cyprus-based miner has hired Canadian investment bank Bank of Montreal to help with the sale, the sources said.Atalaya's main copper asset, the Proyecto Riotinto in the Spanish region of Andalucia, was part of a mine complex b...Read More