(Fixes typo in company name in paragraph six)NEW DELHI, Aug 20 (Reuters) - India's environment court said on Monday an independent judicial committee would decide in about six weeks whether to allow Vedanta Ltd VDAN.NS to reopen its copper smelter, which was shut by the southern state of Tamil Nadu (NS:TNNP) on environmental grounds.Tamil Nadu ordered the permanent closure of the plant and disconn...Read More
* FTSE 100 up 0.4 pct at close* Weak results drive Mulberry shares down 26 pct* G4S (CO:G4S) shares fall after govt takes over Birmingham prison* Sage hit by Deutsche Bank (DE:DBKGn) downgrade to "sell" (Updates prices at close, adds detail)By Helen ReidLONDON, Aug 20 (Reuters) - Strong mining stocks helped boost Britain's FTSE 100 on Monday, leaving last week's four-month lows behind as optim...Read More
Investing.com - Gold prices traded higher on Monday, recovering some lost territory after suffering its largest weekly decline in more than year, as traders waited for references from the Federal Reserve later this week.At 10:41 AM ET (14:41 GMT), gold futures for December delivery on the Comex division of the New York Mercantile Exchange gained $8.70, or 0.72%, to $1,192.90 a troy ounce.Gold futu...Read More
(Bloomberg) -- Base metals rebounded, pushing copper back above $6,000 a metric ton, on easing trade tensions between the U.S. and China, and signs of stronger demand.Copper for three-month delivery rose 1.6 percent to $6,020 per ton as of 10:54 a.m. on the London Metal Exchange. Most other metals were also higher, with aluminum adding 2.3 percent.Copper prices extended gains on Monday after data...Read More
NEW DELHI, Aug 20 (Reuters) - India's environment court said on Monday an independent judicial committee will decide in about six weeks whether to allow Vedanta Ltd VDAN.NS to reopen its copper smelter, which was shut by the southern state of Tamil Nadu (NS:TNNP) on environmental grounds.Tamil Nadu ordered the permanent closure of the plant and disconnected its power supply in May following protes...Read More
(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 up 0.6 pct* Weak results drive Mulberry shares down 26 pct* G4S (CO:G4S) shares fall after govt takes over Birmingham prison* Sage hit by Deutsche Bank (DE:DBKGn) downgrade to "sell"By Helen ReidLONDON, Aug 20 (Reuters) - Strong mining stocks helped boost Britain's FTSE 100 on Monday, leaving last week's four-mo...Read More
(Adds futures, company items)Aug 20 (Reuters) - Britain's FTSE futures FFIc1 up 0.2 percent ahead of the cash market open.* TED BAKER: The UK's Financial Reporting Council has fined accountants KPMG three million pounds and reprimanded and fined senior partner Michael Francis Barradell for misconduct related to auditing of British fashion retailer Ted Baker 's TED.L accounts. TBC Bank: Georgia's...Read More
Aug 20 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 4 points lower at 7,555 on Monday, according to financial bookmakers.* Insurer Prudential PRU.L plans to consolidate all non-British European insurance business in its Dublin subsidiary as part of preparations for Britain's exit from the European Union, a letter to clients seen by Reuters showed. Dalmore Capital, Equitix enter bid...Read More
(Bloomberg) -- Global financial markets got uglier while Federal Reserve officials were on their August hiatus, but bond traders are wagering that won’t be enough to deter them from pressing on with monetary-policy tightening in the world’s largest economy.Turkey-induced turmoil has spread across emerging markets, roiling countries from Argentina to South Africa and fueling fears of fu...Read More
Diggers & Dealers Q&A: Byrnecut's Pat BoniwellSPONSOREDbyrnecutArafura answers the call for magnet metalsSPONSOREDarafura resourcesOpportunities abound on Orion's beltSPONSOREDorion mineralsSolGold set to shineSPONSOREDsolgold The company said the worker passed away yesterday, following a fall while constructing an electrical transmission line in the tailings management facility a...Read More
First Quantum Minerals (TSX:FM) regrets to announce that a worker at its Cobre Panama project passed away today following a fall whilst constructing an electrical transmission line in the tailings management facility area. A second worker was injured in the same incident and has been transferred to hospital.Cobre Panama has advised the relevant authorities and will assist their investigations. An...Read More
The world's biggest miner, BHP, said on Tuesday its full-year profit jumped 33 percent, helped mainly by robust oil and base metals prices.Underlying profit for the full year ended June 30 rose to $8.93 billion from $6.73 billion a year earlier. That missed an estimate of $9.27 billion according to 15 analysts polled by Thomson Reuters I/B/E/S.Underlying profit is watched by analysts and investors...Read More
SANTIAGO, Aug 20 (Reuters) - Chile's gross domestic product grew 5.3 percent in the second-quarter of 2018 compared with a year earlier, its biggest jump in nearly six years, the central bank said on Monday.The sharp increase in growth, up 0.7 percent over the first quarter of 2018 according to bank figures, came amid strength in the manufacturing and commerce sectors.The bank predicts growth will...Read More
Investing.com - Trade talks between the United States and China are likely dominate market headlines in the week ahead following reports that the two countries are reportedly working on a plan to end their ongoing trade dispute.U.S.-Sino trade-war fears have been simmering for months, keeping market gains in check with investors jittery over the prospects of further escalation in tensions between...Read More
Investing.com - This week investors will get the chance on Wednesday to parse through the minutes of the Federal Reserve’s August meeting, when it left interest rates unchanged and indicated that it remains on track for additional rate hikes this year.Investors will be on the lookout for any tweaks to the Fed’s outlook on inflation, the economy and trade war fears.On Friday, Jerome Pow...Read More
Investing.com - Oil traders will stay focused on a host of bearish factors currently affecting the crude market in the week ahead, after prices suffered another weekly loss last week.U.S. WTI crude posted its seventh straight weekly drop on Friday, marking its worst losing streak in three years, falling 2.5%.Brent, the global benchmark, meanwhile suffered its sixth week of declines in seven, slidi...Read More
Investing.com - Gold prices look likely to remain under pressure this week as a combination of a stronger dollar and higher Treasury yields make the precious metal less attractive to investors.Gold has also struggled as its inverse relationship to the firmer dollar has outweighed safe haven demand.On Wednesday investors will get the chance to parse through the minutes of the Federal Reserve’...Read More
(Updates through close of U.S. trading)By David RandallNEW YORK, Aug 17 - Another steep decline in the Turkish lira on Friday pushed emerging market equities lower and kept other world markets cautious, overshadowing hopes that an upcoming U.S.-China meeting would resolve concerns over trade tariffs.The Wall Street Journal reported on Friday afternoon that Chinese and U.S. negotiators are drawing...Read More
SolGold set to shineSPONSOREDsolgold Copper was trading at US$2.65/lb on the London Metal Exchange at the end of last week, a level not seen since July last year and down from US$3.30/lb in early June , as workers settled deals at the BHP-controlled Escondida mine and the Japanese-owned Caserones mine.Members of the 2,500-strong union at Escondida overwhelmingly approved a new deal during a mid-w...Read More
Gold, base metals downCapital marketsWhether targeting a debt-free status is good, or not so good, is not really the question because a growing number of mining companies have already achieved that goal, or soon will.Read More