Top Market Blogs

UPDATE 1-Poland's KGHM H1 net below forecasts on foreign asset losses

Commodity News - Wed, 08/17/2016 - 13:11
WARSAW, Aug 17 (Reuters) - Poland's KGHM on Wednesday reported a bigger than expected fall in net profit in the first half of 2016 on the back of losses on its foreign assets driven by rising costs and falling copper prices.
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URGENT-U.S. ITC backs steel pipe and tube import duties

Commodity News - Wed, 08/17/2016 - 11:11
WASHINGTON, Aug 17 (Reuters) - The U.S. International Trade Commission on Wednesday backed duties on imports of certain carbon steel pipes and tubes from South Korea, Mexico and Turkey, saying the imports were harming domestic producers.
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MIDEAST STOCKS-Saudi falls to four-month low, FTSE hopes support Qatar

Commodity News - Wed, 08/17/2016 - 10:59
DUBAI, Aug 17 (Reuters) - Most Middle Eastern stock markets fell on Wednesday with Saudi Arabia hit by a broad sell-off, but support for Qatar persisted on expectations of fund inflows when index compiler FTSE includes it in its emerging market index next month.
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Canada's Brookfield to buy Odebrecht Ambiental - source

Commodity News - Wed, 08/17/2016 - 08:28
PARIS, Aug 17 (Reuters) - Canada's Brookfield Asset Management Inc has signed a preliminary contract to buy Brazilian engineering conglomerate Grupo Odebrecht's 70 percent stake in water and sewage group Odebrecht Ambiental, an industry source told Reuters on Wednesday.
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Pakistan shares hit record high; rupee flat, o/n rates fall

Commodity News - Wed, 08/17/2016 - 08:23
KARACHI, Aug 17 (Reuters) - Pakistan shares closed at a record high on Wednesday after a decision by the Pakistan Stock Exchange Ltd to offer a stake in the bourse operator received interest from as many as 17 investors, and on gains in refinery stocks, dealers said.
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RPT-COLUMN-Is being a boring cash cow going to be enough for BHP?: Russell

Commodity News - Wed, 08/17/2016 - 08:00
LAUNCESTON, Australia, Aug 17 (Reuters) - While a record loss is certain to grab media headlines, the real story about BHP Billiton is far more sanguine as the company tries to prove that boring is better.
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De Beers stakes its reputation on spotting the difference

Commodity News - Wed, 08/17/2016 - 07:00
* Anglo American has put De Beers at core of slimmer portfolio
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UPDATE 2-Balfour Beatty resumes dividend payments as recovery continues

Commodity News - Wed, 08/17/2016 - 06:42
Aug 17 (Reuters) - UK construction company Balfour Beatty declared its first dividend for 18 months on Wednesday and said it expected to boost margins to standard levels for the sector over the next 24 months following a turbulent few years.
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UPDATE 2-Brickmaker Wienerberger warns post-Brexit currency effect to hit 2016 earnings

Commodity News - Wed, 08/17/2016 - 06:23
* Q2 adj. EBITDA 138 mln euros vs 142 mln euros poll avgerage
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Hitachi, Carlyle, Permira among bidders for $1 bln Takeda unit-sources

Commodity News - Wed, 08/17/2016 - 04:23
TOKYO, Aug 17 (Reuters) - Hitachi Ltd and buyout firms Carlyle Group and Permira are among suitors to buy Takeda Pharmaceutical Co's chemicals unit, people with knowledge of the matter said, in a deal that could total around $1 billion.
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European shares stuck as results temper recent enthusiasm

Commodity News - Wed, 08/17/2016 - 03:25
LONDON, Aug 17 (Reuters) - European shares little changed in early trading on Wednesday, with Austrian brickmaker Wienerberger, Danish brewer Carlsberg and UK insurer Admiral Group all sliding after publishing their results.
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After years of pain, coal becomes one of the hottest commodities of 2016

Commodity News - Wed, 08/17/2016 - 03:00
SINGAPORE, Aug 17 (Reuters) - Less than a year after the coal industry was declared to be in terminal decline, the fossil fuel has staged its steepest price rally in over half a decade, making it one of the hottest major commodities.
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Construction company Balfour Beatty restarts dividend

Commodity News - Wed, 08/17/2016 - 02:26
Aug 17 (Reuters) - Balfour Beatty Plc restarted dividends with a 0.9 pence interim payment and said it expected its business to reach industry-standard level margins over the following 24 months, showing promise of sustained growth after a turbulent few years.
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Family control stands in way of Brazil pulp M&A, executives say

Commodity News - Tue, 08/16/2016 - 22:51
SAO PAULO, Aug 16 (Reuters) - The family ownership structure of Brazilian pulp and paper firms stands in the way of a potential wave of sector consolidation, industry executives said, as owners resist sharing control, curbing Brazil's chances to add to its global pricing muscle.
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COLUMN-Is being a boring cash cow going to be enough for BHP?: Russell

Commodity News - Tue, 08/16/2016 - 21:50
LAUNCESTON, Australia, Aug 17 (Reuters) - While a record loss is certain to grab media headlines, the real story about BHP Billiton is far more sanguine as the company tries to prove that boring is better.
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UPDATE 1-Maduro says Venezuela signs $4.5 bln in deals that include Canadian and U.S. miners

Commodity News - Tue, 08/16/2016 - 21:04
CARACAS, Aug 16 (Reuters) - President Nicolas Maduro said on Tuesday that Venezuela had struck $4.5 billion in mining deals with foreign and domestic companies, part of plan to lift the OPEC nation's economy out of a deep recession causing food shortages and social unrest.
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Maduro says Venezuela signs $4.5 bln mining deals, gives no details

Commodity News - Tue, 08/16/2016 - 19:28
CARACAS, Aug 16 (Reuters) - President Nicolas Maduro said on Tuesday that Venezuela had signed $4.5 billion in mining deals for investment in the South American country's southern mineral belt, but did not say who the deals were with or for what projects.
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Lumber Liquidators wins ruling on cancer warnings, shares jump

Commodity News - Tue, 08/16/2016 - 17:11
Aug 16 (Reuters) - Lumber Liquidators Holdings Inc said a California court ruled in its favor against claims that it did not warn consumers about cancer-causing formaldehyde in some of its flooring products.
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UPDATE 1-Chile energy prices seen falling after massive auction

Commodity News - Tue, 08/16/2016 - 15:32
SANTIAGO, Aug 16 (Reuters) - The cost of energy in Chile is likely to fall in the next decade, as an auction aimed at providing around a third of the copper exporter's energy needs had attracted bids priced more competitively than forecast, the energy minister said.
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Britain's FTSE slips from 14-month highs as UK inflation bites

Commodity News - Tue, 08/16/2016 - 12:47
LONDON, Aug 16 (Reuters) - Britain's top shares index slipped from a 14-month high on Tuesday as higher-than-expected UK inflation data weighed on the market.
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