Top Market Blogs

RPT-COLUMN-Will LME consolidate or fragment London's bullion market? Andy Home

Commodity News - Wed, 08/10/2016 - 21:00
LONDON, Aug 10 (Reuters) - The London Metal Exchange (LME) has announced the launch next year of a suite of precious metals contracts, starting with gold and silver and eventually encompassing platinum and palladium.
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UPDATE 1-Brazil's Odebrecht hires law firm for debt restructuring

Commodity News - Wed, 08/10/2016 - 17:37
SAO PAULO, Aug 10 (Reuters) - Grupo Odebrecht SA, the engineering company ensnared in Brazil's worst corruption scandal, said on Wednesday that it had hired law firm E. Munhoz Advogados to advise on a debt restructuring plan.
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Vale denies iron ore streaming financing deal in the works

Commodity News - Wed, 08/10/2016 - 17:34
SAO PAULO, Aug 10 (Reuters) - Vale SA, the world's largest producer of iron ore, denied it plans to raise cash from the sale of future iron ore output through a so-called streaming financing transaction.
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REUTERS SUMMIT-Farm group Los Grobo eyes fresh Argentine investment

Commodity News - Wed, 08/10/2016 - 17:26
BUENOS AIRES, Aug 10 (Reuters) - Latin American farming production and services group Los Grobo is looking to invest $100 million in Argentina in coming years, encouraged by new market-friendly government policies, the company president said on Wednesday.
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CANADA STOCKS-TSX backs off highest level in 13 months as energy stocks weigh

Commodity News - Wed, 08/10/2016 - 17:07
* Eight of TSX's 10 main groups retreat; materials up 0.8 pct
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Olympics-Phelps' swimcap mishap underlines Games sponsorship war

Commodity News - Wed, 08/10/2016 - 16:51
RIO DE JANEIRO, Aug 10 (Reuters) - For one split second, Michael Phelps' dream of a 21st gold medal turned into a nightmare for his swimwear maker, Aqua Sphere.
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UPDATE 1-U.S. Steel Canada rejects offer from Essar consortium

Commodity News - Wed, 08/10/2016 - 11:42
* Union says decision "irresponsible" (Adds comment from union)
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CANADA STOCKS-TSX barely higher at 13-month high, gold miners lead

Commodity News - Wed, 08/10/2016 - 10:49
* Half of the TSX's 10 main groups rise; materials up 1.2 pct
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Israeli chemicals maker ICL beats Q2 profit forecasts thanks to specialty products

Commodity News - Wed, 08/10/2016 - 10:14
JERUSALEM, Aug 10 (Reuters) - Israel Chemicals (ICL) , one of the three major suppliers of potash to China, India and Europe, reported a better than expected second-quarter profit on Wednesday and predicted further gains from its specialty products units.
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Asia gold demand to fall 15-20 pct in 2016 on price rise-Scotiabank

Commodity News - Wed, 08/10/2016 - 09:35
MUMBAI, Aug 10 (Reuters) - Gold consumption in China and India, the world's top two buyers, is set to drop 15 to 20 percent in 2016 after lower investment demand and jewellery sales, an official at a leading importing bank said.
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Tata Chemicals sells urea business to focus on other fertilisers

Commodity News - Wed, 08/10/2016 - 09:23
MUMBAI, Aug 10 (Reuters) - India's Tata Chemicals, the Tata group's flagship chemical and fertilisers company, is selling its urea business to Norway's Yara International to focus on other fertilisers and consumer products like pulses and spices.
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Pakistan shares close higher; rupee steady, o/n rates fall

Commodity News - Wed, 08/10/2016 - 08:15
KARACHI, Aug 10 (Reuters) - Pakistan stocks edged up to a fresh record high on Wednesday led by foreign portfolio flows, dealers said.
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U.S. Steel Canada rejects latest offer from Essar consortium

Commodity News - Wed, 08/10/2016 - 07:58
TORONTO, Aug 10 (Reuters) - U.S. Steel Canada on Wednesday rejected a buyout offer from Ontario Steel Investment Ltd, a group that includes shareholders of Essar Global, saying it was not considering further proposals by Essar, which had been eliminated from the sale process.
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COLUMN-Will LME consolidate or fragment London's bullion market? Andy Home

Commodity News - Wed, 08/10/2016 - 05:59
LONDON, Aug 10 (Reuters) - The London Metal Exchange (LME) has announced the launch next year of a suite of precious metals contracts, starting with gold and silver and eventually encompassing platinum and palladium.
Categories: Top Market Blogs

Zimbabweans spot green gold in bamboo that spares forests

Commodity News - Wed, 08/10/2016 - 05:30
CHIPINGE, Zimbabwe, Aug 10 (Thomson Reuters Foundation) - Lush tracts of bamboo spread across southeastern Chipinge district, where the tall plant is increasingly regarded as green gold by villagers. They are harvesting it commercially while helping preserve Zimbabwe's fast-dwindling forests.
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UPDATE 1-Thailand's PTT Global Q2 profit down 45 pct, hit by shutdowns

Commodity News - Wed, 08/10/2016 - 05:08
* Q2 refinery run down to 35 pct vs 100 pct year earlier (Adds details of results)
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China stocks pulled down by property, health checks on banks

Commodity News - Wed, 08/10/2016 - 03:10
SHANGHAI, Aug 10 (Reuters) - China shares dipped on Wednesday, with property shares falling sharply as investors took profits from six days of gains.
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Activists demand Formosa Plastics Group shut steel unit in Vietnam

Commodity News - Wed, 08/10/2016 - 03:06
TAIPEI, Aug 10 (Reuters) - About 100 activists protested in front of Formosa Plastics Group's headquarters in Taipei on Wednesday demanding it shut its steel project in Vietnam and urged Hanoi to prosecute the Taiwanese firm for environmental damage.
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Thailand's PTT Global Q2 down 45 pct, hit by shutdowns

Commodity News - Wed, 08/10/2016 - 02:44
BANGKOK, Aug 10 (Reuters) - PTT Global Chemical Pcl , Thailand's largest petrochemical maker, posted a 45 percent drop in quarterly net profit on Wednesday, due to a 2-month scheduled shutdown of its refinery and an unplanned turnaround of an olefins cracker.
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Gold miner Centamin hikes FY production forecast

Commodity News - Wed, 08/10/2016 - 02:35
Aug 10 (Reuters) - Gold miner Centamin Plc raised its production guidance for 2016, aided by rising output from its Sukari mine in Egypt, and said its second-quarter core profit more than doubled.
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