Copper Stock Articles

India's HDFC Bank reports record profit for July-Sept quarter

October 21, 2018 / Staff reporter

BENGALURU/NEW DELHI Oct 20 (Reuters) - HDFC Bank Ltd HDBK.NS has reported record profit for the three months ending Sept. 30 broadly in line with expectations, helped by higher interest and fee income.Net profit rose to 50.05 billion rupees ($682.16 million) for the quarter ended Sept 30, from 41.51 billion rupees a year ago, India's biggest lender by market capitalisation said in a statement.Fi...Read More

DIARY-Emerging Markets Economic Events to Nov 30

October 21, 2018 / Staff reporter

Oct 20 (Reuters) -For other diaries, please see:Top Economic EventsM/DIARYEmerging Markets Economic Events EMRG/DIARYGovernment Debt AuctionsD/DIARYPolitical and General NewsPOL/DIARYU.S. Federal ReserveFED/DIARYToday in WashingtonWASH/DIARY ----------------------------------------------------------- This Diary is filed daily. ** Indicates new events -----------------------------------------------...Read More

GLOBAL MARKETS-Euro, pound rally on Brexit concession; stocks dip

October 21, 2018 / Staff reporter

* Italian 10-year debt yield hits 4.5-year high of 3.783 percent* Euro rallies after falling to 10-day low* World stock index posts fourth straight week of losses* Oil up but posts weekly loss on stock build, trade tensions (Updates after U.S. market close)By Rodrigo CamposNEW YORK, Oct 19 (Reuters) - Stocks dipped on Friday, dragging a global index into a fourth consecutive weekly loss, while the...Read More

UPDATE 1-India's cenbank eases bank lending limits to some non-banking finance firms

October 20, 2018 / Staff reporter

(Adds detail on market reaction, background, comment)By Suvashree Choudhury and Promit MukherjeeMUMBAI Oct 19 (Reuters) - The Reserve Bank of India on Friday eased lending norms related to certain non-banking finance companies (NBFCs) as liquidity concerns in the sector persist and markets continue to question the viability of some of the firms following the IL&FS debacle.The central bank on F...Read More

Indian shares drop over 1 pct as Reliance sinks

October 20, 2018 / Staff reporter

* NSE index down 1.4 pct, BSE index 1.3 pct* Both indexes end the week lower* Reliance Industries down over 4 pctOct 19 (Reuters) - Indian shares fell over 1 percent for the second consecutive session on Friday, dragged by Reliance Industries Ltd RELI.NS after its second-quarter performance failed to please investors, while non-banking finance companies continued to face selling pressure.The ben...Read More

UPDATE 9-Oil up but posts weekly loss on stock build, trade tensions

October 20, 2018 / Staff reporter

* Crude falls for second straight week* U.S. rig count highest since March 2015 -Baker Hughes* China refinery throughput hits record high in Sept* WTI in contango as Cushing stockpiles expected to rise (Updates with CFTC data)By Stephanie KellyNEW YORK, Oct 19 (Reuters) - Oil prices rose on Friday on signs of surging demand in China, the world's No. 2 oil consumer, although prices were headed for...Read More

EU mergers and takeovers (Oct 19)

Oct 20, 2018 / Reuters

BRUSSELS, Oct 19 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process:APPROVALS AND WITHDRAWALS-- U.S. software company Microsoft Corp MSFT.O to buy privately held coding website GitHub Inc (approved Oct. 19)-- Irish investor aircraft and asset manager ORIX Aviation Systems Limited to acquire 30 percent of Irish aircraft leasing...Read More

Gold Prices Flat as Dollar Struggles for Direction

Oct 20, 2018 / Investing.com

Investing.com - Gold prices were flat on Friday as the U.S. dollar was volatile despite expectations of another interest rate increase this year and falling equities.Comex gold futures for December delivery inched down 0.07% to $1,229.30 a troy ounce as of 4:45 AM ET (8:45 GMT), not far from an earlier session high of $1,232.70.Rising interest rates are likely remain a concern for gold prices. Int...Read More

Waterton mulls special Hudbay shareholder meeting

20 October 2018 / Staff Reporter

Amerigo MVC plant ramp-up on courseSPONSOREDamerigo resources Waterton said Friday in an open letter to the Hudbay board it would put to shareholders a resolution blocking the ailing copper producer until the 2019 annual meeting from approving new material transactions, transactions that were dilutive on a cash-flow-per-share basis or that involved issuing 5% or more of the company's common share...Read More

Hudbay Minerals investor calls special shareholder meeting

Oct. 19, 2018, 11:00 AM / Cecilia Jamasmie

Private equity firm Waterton Global Resource Management, which now owns about 7% of Hudbay Minerals (TSX, NYSE: HBM) said Friday it would call a special shareholder meeting of the Canadian base and precious metals miner after it refused its proposal for board changes.Waterton is asking Hudbay to replace some members of its board, as well as agree to a moratorium on acquisitions.Waterton is asking...Read More

Kenya to set up gold refinery to help small miners

Oct. 19, 2018, 10:54 AM / Reuters

NAIROBI, Oct 19 (Reuters) - Kenya plans to set up a gold refinery to help small scale miners in the west of the country, the Petroleum and Mining Ministry said on Friday, and the government is seeking consultants to advise on its construction.Kenya has proven deposits of titanium, gold and coal but its mining sector is a relatively small contributor to national output. However, revenues are expect...Read More

Acacia threatens Tanzania with legal action as dispute escalates

Oct. 19, 2018, 3:55 AM / Cecilia Jamasmie

Acacia Mining (LON:ACA), the Tanzanian gold producer dealing with an ongoing dispute with the country's administration, has threatened to sue the government in international court as concerns about the safety of its staff mount.The company, majority owned by Barrick Gold (TSX, NYSE:ABX), has been waiting for the Canadian gold giant to negotiate a settlement with President John Magufuli, after he s...Read More

UPDATE 9-Oil falls on concerns over escalating trade row

October 19, 2018 / Staff reporter

(Updates prices, market activity)By Collin EatonHOUSTON, Oct 18 (Reuters) - Oil prices fell on Thursday as investors' concerns returned to the impact an escalating trade row between China and the United States will have on oil demand growth and data showing ample supplies.Global benchmark Brent crude has fallen almost $8 per barrel since reaching a four-year high of $86.74 on Oct. 3, weakened by l...Read More

GLOBAL MARKETS-Souring sentiment drags stocks lower; oil falls

October 19, 2018 / Staff reporter

* China sell-off drags Asia shares lower* 10-year U.S. yield dips after touching 1-week high* Oil falls further on U.S. data; Saudi news limits drop (Updates prices, changes comment)By Rodrigo CamposNEW YORK, Oct 18 (Reuters) - Stocks fell on Thursday while German and U.S. bond prices rose in a move toward safety assets, with traders citing the Sino-U.S. trade war, Italy's budget concerns and a wi...Read More

GLOBAL MARKETS-Dollar rides a Fed wave higher; stocks, oil drop

October 19, 2018 / Staff reporter

* China drags Asia shares lower; Europe flat* Wall St drops after weak industrial earnings, hawkish Fed* 10-year U.S. yield climbs to 3.217 percent* Oil falls further on rising U.S. inventories (Updates prices, changes comment, dateline from previous LONDON)By Rodrigo CamposNEW YORK, Oct 18 (Reuters) - The U.S. dollar index rose on Thursday alongside Treasury yields after Federal Reserve policymak...Read More

GLOBAL MARKETS-Stocks tumble on souring sentiment; oil falls

Oct 19, 2018 / Reuters

* China sell-off drags Asia shares lower* 10-year U.S. yield little changed after rise to 1-week high* Oil falls further on U.S. data; Saudi, Iran limit drop (Updates prices, changes comment)By Rodrigo CamposNEW YORK, Oct 18 (Reuters) - Stocks fell sharply on Thursday while the Japanese yen rose in a move toward safety assets, with traders citing the Sino-U.S. trade war, Italy's budget concerns an...Read More

UPDATE 1-FTSE 100 slips into red on Q3 earnings, Wall Street gloom

Oct 19, 2018 / Reuters

* FTSE 100 hands back earlier gains, ends down 0.3 pct* CRH (LON:CRH) tumbles after weak Heidelbergcement results* Unilever declines as volume miss overshadows sales growth* Healthcare boosted by Novartis results (Updates prices, adds details)By Josephine Mason and Helen ReidLONDON, Oct 18 (Reuters) - Britain's top share index eased on Thursday as disappointing earnings hurt construction m...Read More

Gold Prices Flat on Hawkish Fed Minutes

Oct 19, 2018 / Investing.com

Investing.com - Gold prices were flat on Thursday as investors paused to digest the latest meeting minutes from the Federal Reserve.Comex gold futures for December delivery inched up 0.06% to $1,228.10 a troy ounce as of 8:02 AM ET (12:02 GMT).The hawkish Fed minutes showed that while the central bank had some doubts about the economy, it still planned to gradually increase interest rates in Decem...Read More

Deals of the day-Mergers and acquisitions

Oct 19, 2018 / Reuters

Oct 18 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Thursday:** Hungarian holding companies Konzum KONU.BU and Opus Global OPUSG.BU announced a plan to merge, creating a combined entity with a market capitalisation of about 350 billion to 400 billion forints ($1.25 billion to $1.43 billion). German copper products maker Wieland-Werke has submitte...Read More

Mining Agenda: No need to fear 'big bang' or insidious forces of disruption

19 October 2018 / Mining Journal

One simple solution to optimize your underground operationSPONSOREDkomatsuKin reshaping path towards developmentSPONSOREDkin mining nlKasbah on cusp of tin riches at world-class AchmmachSPONSOREDkasbah resourcesNew thinking carves out strong zinc position for Europa MetalsSPONSOREDeuropa metals One simple solution to optimize your underground operationSPONSOREDkomatsuKin reshaping path towards d...Read More

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