Chile's reputation as LatAm go-to destination faces long-term threats - AnalysisSPONSOREDverisk maplecroftElementos builds diversified tin growth platformSPONSOREDelementosDe-risking progress propels Namdini SPONSOREDcardinal resourcesAmerigo MVC plant ramp-up on courseSPONSOREDamerigo resourcesThe government last week provided further proof of its resolve to continue pushing down the road to...Read More
SANTIAGO, Sept 20 (Reuters) - Global miner BHP Billiton Ltd said on Thursday that a fire at its Spence copper mine in Chile had forced it to partially shut down operations.No one was injured in the fire, which has since been extinguished, the company said."Operations in the area were stopped immediately and we undertook the safeguards and procedures necessary to protect our workers," a company rep...Read More
BEIJING, Sept 20 (Reuters) - The Shanghai Futures Exchange (ShFE) will launch copper options trading on Friday, aiming to take a slice of a $270 billion global market in one of its biggest challenges yet to London and New York rivals.The product, which follows the launch of sugar and soymeal options last year, comes as the exchange also considers opening its flagship copper futures to foreign inv...Read More
(Adds dropped word in first paragraph)* NSE index down 0.4 pct, BSE index 0.5 pct lower* Financials top drag on both indexesSept 19 (Reuters) - Indian shares gave up early gains to close lower on Wednesday, declining for a third straight session to their lowest close since late July, dragged by financials such as HDFC Bank Ltd HDBK.NS and Housing Development Finance Corp HDFC.NS as the rupee h...Read More
(The following statement was released by the rating agency) Fitch Ratings-Singapore/Mumbai-September 18: Fitch Ratings has assigned State Bank of India 's (NS:SBI, BBB-/Stable) proposed senior unsecured debt an expected rating of 'BBB-(EXP)'. SBI plans to use the proceeds from the proposed note issue to finance environmentally friendly projects in accordance with the bank's Green Bond Framewor...Read More
By Manoj KumarNEW DELHI, Sept 19 (Reuters) - India is considering asking the central bank to offer dollars directly to oil marketing companies or through a state-run bank, a government source said on Thursday, as part of steps to stem a fall in the rupee.As an "extreme" measure, the government could also look at raising dollars by tapping expatriates to invest in bonds for non-resident I...Read More
* FTSE 100 up 0.4 pct* Sterling hit by Brexit fears* Kingfisher falls after poor French performance drags* Miners rally as copper prices rise on trade war hopes (Updates prices, adds details, quotes)By Helen ReidLONDON, Sept 19 (Reuters) - Britain's top share index extended its rally on Wednesday to hit a near two-week high as investors focused on hopes a U.S.-China trade war was losing intensit...Read More
* STOXX up 0.3 percent* Miners rise 3.1 pct, autos up 1.5 pct* Adecco (SIX:ADEN), Kingfisher (LON:KGF) down after updates* Linde jumps 8 pct after progress on Praxair merger (Updates prices, adds quotes, details)By Danilo Masoni and Helen ReidMILAN/LONDON, Sept 19 (Reuters) - A rally in European shares extended for a second day on Wednesday thanks to gains in trade-sensitive mining and autos s...Read More
Investing.com - Gold prices headed higher on Wednesday as the dollar held steady with news flow over trade at a standstill.At 10:37 AM ET (14:37 GMT), gold futures for December delivery on the Comex division of the New York Mercantile Exchange rose $4.60, or 0.38%, to $1,207.50 a troy ounce.China struck a conciliatory tone on Wednesday, as Premier Li Keqiang told a World Economic Forum conference...Read More
(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 down 0.2 pct* Sterling jumps after unexpected rise in inflation* Kingfisher falls after poor French performance drags* Miners rally as copper prices rise on trade war hopesBy Helen ReidLONDON, Sept 19 (Reuters) - A rally in Britain's FTSE 100 was stopped in its tracks on Wednesday as an unexpected jump in UK infla...Read More
MILAN, Sept 19 (Reuters) - European shares hit two-week highs on Wednesday, led higher by materials stocks, while disappointing updates from staffing firm Adecco ADEN.S and home improvement retailer Kingfisher KGF.L weighed.The pan-European STOXX 600 .STOXX rose 0.3 percent by 0713 GMT with sentiment supported by hopes that the U.S. and China will return to the negotiating table after the late...Read More
Orla hits 147.7m at 1.25% copperResource definitionChile's reputation as LatAm go-to destination faces long-term threats - AnalysisSPONSOREDverisk maplecroftElementos builds diversified tin growth platformSPONSOREDelementosDe-risking progress propels Namdini SPONSOREDcardinal resourcesOver recent months, I have sat through dozens of presentations from early-stage companies in the biotechnology...Read More
In the past year, Vancouver's Oxygen Capital has raised $83 million for the startup mining companies in its stable.Most of that money would have been spent outside of B.C. on exploration and development, because until just recently, all of the companies that Oxygen has launched have been focused on later-stage exploration and discovery projects outside of B.C.But Oxygen Capital now has a B.C. comp...Read More
LONDON, Sept 19 (Reuters) - Base metals producer Central Asia Metals (CAML) on Wednesday reported a more than doubling in first-half revenue and profits following the acquisition of a mine in Macedonia and said it was actively looking for new opportunities to expand.Aim-listed CAML bought the Sasa zinc and lead mine in Macedonia in September 2017 for $402.5 million, with a combination of deb...Read More
NEW DELHI, Sept 18 (Reuters) - India sees rupee value of 72-73 against the U.S. dollar as "fair value," a senior finance ministry source said on Tuesday, after the government announced a raft of measures last week to stabilise the falling local currency.The rupee INR=D2 had fallen more than 11 percent against the dollar this year and is the worst performing Asian currency. It was trading at 72.40...Read More
* OPEC, non-OPEC ministers to meet in Algeria on Sunday* Geopolitical risk supports prices after Russian plane downed* Market watching U.S.-China trade war impact on oil demand* U.S. crude oil stocks rise 1.2 mln bbls last week -API (Adds API data on U.S. crude stockpiles in paragraphs 4, 5)By Stephanie KellyNEW YORK, Sept 18 (Reuters) - Oil futures rose more than 1 percent on Tuesday on signs tha...Read More
(Adds background)Sept 18 (Reuters) - India has delayed the implementation of higher tariffs on some goods imported from the United States to Nov. 2, according to a government order that put off for a second time retaliatory action against U.S. import tariffs on steel and aluminium.Trade differences between India and the United States have risen since President Donald Trump took office, but India's...Read More
Investing.com - Gold prices headed lower on Tuesday as the dollar held its ground after the U.S. and China announced their latest round of measures in the escalating trade conflict.At 11:14 AM ET (15:54 GMT), gold futures for December delivery on the Comex division of the New York Mercantile Exchange slipped $2.00 or 0.17%, to $1,203.80 a troy ounce.U.S. President Donald Trump said in a statement...Read More
* Trump imposes 10 pct tariffs on $200 bln goods from China* China says will retaliate, but markets shrug* China bluechip shares up 2 percent as Asia rallies* European stocks, U.S. futures nudge higher* Dollar flat in FX markets, government bonds make ground* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVhLONDON, Sept 18 (Reuters) - Who's afraid of the big bad trade war? Not world stock m...Read More
* Trump imposes 10 pct tariffs on $200 bln goods from China* China says will retaliate, but markets shrug* China bluechip shares up 2 percent as Asia rallies* European stocks, U.S. futures go higher* Dollar flat in FX markets, government bonds make ground* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVhLONDON, Sept 18 (Reuters) - Who's afraid of the big bad trade war? Not world stock mark...Read More