(Adds company news and futures)Aug 15 (Reuters) - Britain's FTSE 100 index .FTSE is seen opening 17 points higher at 7,629 on Wednesday, according to financial bookmakers with futures FFIc1 up 0.09 percent ahead of the cash market open.* BALFOUR BEATTY: Construction company Balfour Beatty Plc BALF.L reported on Wednesday a 69 percent jump in underlying operating profit as its measures to cut cos...Read More
* MSCI Asia-Pacific index down more than 1 pct* Spreadbetters expect European stocks to open slightly higher* Turkish woes linger; safe-haven dollar rises to 13-month high* Lira trims gains after rallying the previous day* Stronger dollar pressures commodities, gold hits 18-mth lowBy Shinichi SaoshiroTOKYO, Aug 15 (Reuters) - Asian stocks retreated to a one-year low on Wednesday as bearish Chinese...Read More
Aug 15 (Reuters) - Britain's FTSE 100 index .FTSE is seen opening 17 points higher at 7,629 on Wednesday, according to financial bookmakers.* RBS: Royal Bank of Scotland RBS.L will pay $4.9 billion to settle U.S. claims that it misled investors on residential mortgage-backed securities between 2005 and 2008, the U.S. Justice Department said on Tuesday, adding this was the largest penalty imposed o...Read More
PolarX points to upsideSPONSOREDpolarx ltdChile's reputation as LatAm go-to destination faces long-term threats - AnalysisSPONSOREDverisk maplecroftFurther de-risking as Danakali debuts on bigger stageSPONSOREDdanakaliKing River's 'overnight' success story stretches back to 1970SPONSOREDking river copperThe MIT research team, led by associate professor of metallurgy Antoine Allanor...Read More
Orla hits 147.7m at 1.25% copperResource definitionPolarX points to upsideSPONSOREDpolarx ltdChile's reputation as LatAm go-to destination faces long-term threats - AnalysisSPONSOREDverisk maplecroftFurther de-risking as Danakali debuts on bigger stageSPONSOREDdanakaliLow national productivity due to historically weak public investment spending needs fixing. Slowly growing but aging population...Read More
The company saw profits climb 49% year-on-year in the first half of 2018 to US$276 million, while basic and diluted earnings per share for the six-month period was 62c, up from 41c/share in the ...Read More
Mining and metals investors dumped the sector's big names on Wednesday after sharp drops in base and precious metal prices over concerns of emerging market contagion from the currency crisis in Turkey, worries about the robustness of the Chinese economy and the impact of widening trade war sparked by US tariffs.Copper touched a low of $2.55 a pound ($5,622 a tonne) in New York and entered a bear m...Read More
Copper managed to eke out small gains in after hours trade on Wednesday after falling by nearly 5% earlier in the day over concerns of an emerging market contagion from the currency crisis in Turkey and worries about the robustness of the Chinese economy.But late-breaking news that a strike had been averted at the world's largest copper mine put a cap on hopes of recovery for the bellwether metal....Read More
(Bloomberg) - U.S. stocks headed for their worst day in almost two months, joining a broad decline in global equities as disappointing earnings from Chinese internet giant Tencent Holdings Ltd. roiled technology shares and copper entered a bear market, weighing on commodities. Crude briefly tumbled to below $65 a barrel after a report that American stockpiles rose the most since March 2017.The S&...Read More
From Turkey's financial crisis to China's trade war, the emerging-market contagion is infecting metal markets.Base metal markets tumbled on Wednesday, with most contracts falling more than 2 percent in London. Copper sank below $6,000 a metric ton and is set to close in a bear market. Not even gold, the usual safe haven, was spared from the selloff. Palladium plunged 5 percent and the FTSE 350 Min...Read More
(Image courtesy of BHP.)The union for Chile's Escondida, the world's largest copper mine, said on Wednesday it will avert its planned strike to consult members about a renewed proposal for a new labor contract from operator BHP ."We have received a new offer that will be presented to members," Patricio Tapia, union's president, told Reuters without providing further details.The new offer came in a...Read More
MUMBAI, Aug 14 (Reuters) - The Indian rupee INR=D2 erased early gains to hit an all-time low of 70.1 per dollar on Tuesday, as concerns about Turkey's economic woes persisted.The rupee was last at 69.99 to the dollar, compared with its previous close of 69.95 per dollar.The 10-year benchmark bond IN071728G=CC yield inched up to 7.82 percent after staying muted in early trade.Read More
* U.S. sales up nearly 8 pct* Q1 total revenue up 16 pct* Stock top gainer on NSE index (Adds details on U.S. and India sales, share movement)Aug 14 (Reuters) - India's largest drugmaker Sun Pharmaceutical Industries Ltd SUN.NS posted a first-quarter profit on Tuesday, beating street estimates, helped by stronger sales in the United States.Net profit came in at 9.83 billion rupees ($140.6 million)...Read More
(Adds details, background, shares)Aug 14 (Reuters) - Indian state-run lender IDBI Bank Ltd IDBI.NS posted a seventh straight quarterly loss on Tuesday, sending its shares lower, as the bank continues to be plagued by the highest bad loan ratio in the sector.Indian banks have seen a surge in non-performing loans that hit a record $150 billion at the end of March, with 21 lenders, including IDBI,...Read More
(Bloomberg) -- The giant rocky outcrop known by locals as La Cobaltera offers a glimpse into northern Chile’s mining past, and a hint of its future.Slag from an ancient furnace is piled at the entrance of a mine shaft that hasn’t seen commercial activity since World War II. Inside, eucalyptus posts still support narrow tunnels, placed there by German engineers as a kind of alarm system...Read More
* FTSE 100 dips 0.4 percent* Antofagasta falls after trading update* Esure rises towards buy-out offer (Adds closing prices)By Julien PonthusLONDON, Aug 14 (Reuters) - UK shares ended the day down 0.4 percent on Tuesday after a choppy session, weighed down notably by lower copper prices as fallout from the Turkish lira crisis that has rattled global markets since Friday eased.The FTSE 100 .FTSE...Read More
* STOXX 600 up 0.1 pct* Antofagasta tumbled 7 pct after results disappoint* RWE tops DAX on Innogy deal progress* Atlantia shares down after Italian bridge collapses(Adds closing prices, German data)By Helen ReidLONDON, Aug 14 (Reuters) - European shares rose slightly on Tuesday after two days of heavy selling as investors' anxieties over contagion from a Turkish currency crisis faded and reas...Read More
Investing.com - Gold prices recovered from an 18-month low on Tuesday, as the U.S. dollar softened, .Comex gold futures for August delivery rose 0.47% to $1,204.50 a troy ounce as of 10:37 AM ET (14:37 GMT).Gold fell to an 18-month low on Monday, after economic turmoil in Turkey caused the Turkish lira to plunge to an all-time low of 7.1289. The lira recovered on Tuesday, breaking a 5-day losing s...Read More
(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 flat* Antofagasta falls after trading update* Esure rises towards buy-out offerBy Julien PonthusLONDON, Aug 14 (Reuters) - UK shares were flat on Tuesday morning as the Turkish lira pulled back from record lows, providing investors temporary respite in a currency crisis that has rattled global markets since August...Read More
(For a live blog on European stocks, type LIVE/ in an Eikon news window)LONDON, Aug 14 (Reuters) - European shares bounced back on Tuesday after two days of heavy selling as investors' anxieties over contagion from a Turkish currency crisis faded slightly, thanks to reassurances from the central bank and government.The Turkish lira firmed after the central bank had pledged on Monday to provide liq...Read More