* NSE index up 0.18 pct, BSE index up 0.36 pct* ICICI Bank top gainer on NSE IndexAug 9 (Reuters) - Indian shares ended at record closing highs on Thursday, driven by strong gains in financial stocks such as ICICI Bank Ltd ICBK.NS and Axis Bank Ltd AXBK.NS .The benchmark BSE index .BSESN closed up 0.36 percent to 38024.37, a record high, while the broader NSE index .NSEI ended 0.18 percent hig...Read More
SHANGHAI, Aug 10 (Reuters) - Asian stock markets fell on Friday amid heightened global trade tensions, while currency markets were whipsawed by a searing selloff in Russia's rouble after the United States slapped on new sanctions, and as economic worries sent the Turkish lira tumbling.Washington said it would impose fresh sanctions because it had determined that Moscow had used a nerve agent again...Read More
LUSAKA, Aug 9 (Reuters) - Vedanta Resources ' VED.L Zambian unit said on Thursday work at its Konkola Copper Mine was stopped after one miner was killed in an underground accident to allow for investigations into the incident, the company said.In July production was halted at the same shaft, shaft 4, after a miner died in an accident.Vedanta said in June it planned to double copper production at...Read More
* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVh* Rouble extends drop to 4 percent after new U.S. sanctions* Turkey's lira hits record low as U.S. tensions mount* Oil steadies after swoon* NZ dollar dives as central bank stays loose* Pound stuck at 1 year low on Brexit concernsBy Marc JonesLONDON, Aug 9 (Reuters) - Alarm bells were ringing on Thursday as new U.S. sanctions drove down Rus...Read More
* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVh* Rouble extends drop to 4 percent after new US sanctions* Turkey's lira hits record low as U.S. tensions mount* Oil steadies after swoon* NZ dollar dives as central bank stays loose* Pound stuck at 1 year low on Brexit concernsBy Marc JonesLONDON, Aug 9 (Reuters) - Alarm bells were ringing on Thursday as harsh new U.S. sanctions drove drov...Read More
(Adds details)NEW DELHI, Aug 9 (Reuters) - India's environment court on Thursday granted Vedanta Ltd VDAN.NS conditional access to its copper smelter in Tamil Nadu (NS:TNNP), which was shut down by the state government two months ago on environmental grounds.The court said Vedanta employees could enter the smelter premises for "administrative purposes" but the company was not allowed to resume ope...Read More
* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVh* Rouble extends drop to 4 percent after new US sanctions* Turkey's lira hits record low as U.S. tensions mount* Oil steadies after swoon* NZ dollar dives as central bank stays loose* Pound stuck at 1 year low on Brexit concernsBy Marc JonesLONDON, Aug 9 (Reuters) - European stock markets struggled on Thursday with trade war worries, Russia...Read More
NEW DELHI, Aug 9 (Reuters) - India's environment court on Thursday granted Vedanta Ltd VDAN.NS conditional access to its copper smelter in Tamil Nadu (NS:TNNP), more than two months after the southern state shut the plant down.The court will resume hearing on the case on Aug. 20.The Tamil Nadu government ordered the permanent closure of the Thoothukudi plant and disconnected its power supply in Ma...Read More
* Asia share markets mixed, China up on stimulus hopes* Sino-U.S. trade tensions keep mood cautious* Oil prices steady after sliding 3 pct overnight* Russian rouble slugged by sanctions, NZ dollar by dovish RBNZBy Wayne ColeSYDNEY, Aug 9 (Reuters) - Asian share markets found support on Thursday as a rally in Chinese stocks helped offset the latest escalation in the Sino-U.S. trade war, while Russi...Read More
EMR snaps up third copper mine, this time in ChileCopper NewsLook beyond market approach to project valuations: van ZylLeadershipPolarX points to upsideSPONSOREDpolarx ltdChile's reputation as LatAm go-to destination faces long-term threats - AnalysisSPONSOREDverisk maplecroft Azure Capital and Terrafranca Advisory have got the debt gig, with previous prefeasibility work pointing to a develop...Read More
EMR snaps up third copper mine, this time in ChileCopper NewsLook beyond market approach to project valuations: van ZylLeadershipPolarX points to upsideSPONSOREDpolarx ltdChile's reputation as LatAm go-to destination faces long-term threats - AnalysisSPONSOREDverisk maplecroft"The actual impact of measures announced to date is limited, but the effect on prices has been significant and investor...Read More
LUSAKA, Aug 9 (Reuters) - Vedanta Resources' Zambian unit said on Thursday work at its Konkola Copper Mine was stopped after one miner was killed in an underground accident to allow for investigations into the incident, the company said. In July production was halted at the same shaft, shaft 4, after a miner died in an accident.Vedanta said in June it planned to double copper production at Konkola...Read More
Aug 9 (Reuters) - Canadian miner Nevsun Resources Ltd on Thursday urged its shareholders to reject a hostile C$1.4 billion ($1.07 billion) offer from rival Lundin Mining Corp, and said the board was evaluating other potential alternatives.Lundin took its all-cash offer of C$4.75 per share directly to Nevsun shareholders on July 26, after its five previous proposals were rejected by the company.V...Read More
Perth-based junior, Sunstone Metals, is selling its Viscaria Copper Project to Copperstone Resources AB, a copper focused exploration company based in Sweden, for US$30.3 million. The project will be run as partnership between the two companies and will be named the Viscaria Copper Project. The two companies have just signed a non-biding letter of intent. Completion of the deal is subject to closi...Read More
Teck Resources received regulatory approval for its Quebrada Blanca Phase 2 project in the Tarapac?? Region in northern Chile.Yesterday, Teck said that the regional Environmental Committee of Tarapac?? voted to approve the project's Environmental Impact Assessment.The mine is expected to generate 300,000 tonnes of copper equivalent production per year for the first five years of mine life.Teck est...Read More
* China slaps new tariffs on $16 bln worth of U.S. goods* China July crude imports at third-lowest this year* EIA data shows U.S. oil stockpile draw shy of forecasts* Market surprised by U.S. gasoline stockpile build (Updates with settlement prices, adds commentary)By Stephanie KellyNEW YORK, Aug 8 (Reuters) - Oil prices slid about 3 percent on Wednesday as a trade dispute between the United State...Read More
By Manoj KumarNEW DELHI, Aug 8 (Reuters) - India's central bank will need to gradually tighten monetary policy further due to rising inflation, driven mainly driven by higher oil prices and a falling rupee, the International Monetary Fund said on Wednesday.The Reserve Bank of India raised the repo rate INREPO=ECI for the second straight meeting last week by 25 basis points to 6.5 percent, while wa...Read More
* Oil prices under water after sliding 3 pct overnight* Escalating Sino-U.S. trade tensions blamed for cautious mood* Asia share markets mixed, Nikkei eases in early trade* Russian rouble hammered by sanctions, sterling by Brexit fearsBy Wayne ColeSYDNEY, Aug 9 (Reuters) - Asian shares were subdued on Thursday after a new round of tit-for-tat tariffs in the U.S.-Sino trade conflict torpedoed oil p...Read More
* FTSE 100 up 0.8 pct at close; midcaps rise* Sterling hits 2018 lows, boosts exporters* Paddy Power hit by lowered outlook (Adds details, closing prices)By Danilo MasoniMILAN, Aug 8 (Reuters) - The UK's top share index rose for a fourth day in a row on Wednesday, helped by strong financials and exporters bolstered by a weaker pound, while a lowered outlook hit bookmaker Paddy Power Betfair.The...Read More
Investing.com - Gold prices traded lower on Wednesday as a Federal Reserve policymaker reiterated the need for rate hikes and a stronger dollar weakened demand for the precious metal.At 11:42 AM ET (15:42 GMT), gold futures for December delivery on the Comex division of the New York Mercantile Exchange slipped $1.10, or 0.09%, to $1,217.20 a troy ounce.Meanwhile, the U.S. dollar index, which measu...Read More