Investing.com - Oil traders are likely to stay focused on potential disruptions to global crude supplies in the upcoming week, as looming U.S. sanctions on Iran are widely expected to lead to a tighter market.The sanctions, which from November will include Tehran's oil exports, are being reinstated after U.S. President Donald Trump pulled out of the Iran nuclear deal earlier this year.Iran is the...Read More
If you don't work in the field, you probably don't know that once they collect information, geologists have to input data manually into data management software.But some mining companies don't want their experts to do that anymore and developers are hearing them loud and clear.Down Under, students at the University of Western Australia have engaged in a 12-week challenge to come up with a solution...Read More
By Aditya KalraNEW DELHI, Sept 1 (Reuters) - Indian Prime Minister Narendra Modi launched a payments bank on Saturday to turn postmen into bankers so they can offer financial services to the poor in rural areas and boost digital transactions.Modi has since 2014 sought to end what he has called "financial untouchability" by giving millions of people access to banking services in India, wh...Read More
SINGAPORE, Sept 1 (Reuters) - Singapore's trade minister said on Saturday that broad agreement on the world's biggest trade deal should be reached at a summit of leaders from participating nations in the city-state in November, six years since talks began.Called the Regional Comprehensive Economic Partnership (RCEP), the trade accord includes the 10 members of the Association of Southeast Asian Na...Read More
Sept 1 (Reuters) - Tata Motors Ltd TAMO.NS :* Sales in domestic market in August 2018 grew by 27 percent to 58,262 units, compared to 45,906 units over the previous year* August commercial vehicles domestic sales at 39,859 units, up 26 percent* Commercial passenger carrier segment sales at 4,458 units in August 2018, up 9 percent* Sales from exports in August 2018 was at 5,478 units compared to...Read More
Hudbay to take part of Doubleview's HatM&ASolGold set to shineSPONSOREDsolgoldSpeaking at an industry dinner in Santiago, Sebastian Piñera highlighted projects such as Teck's expansion of its Quebrada Blanca mine, which received environmental approval earlier this ...Read More
(Corrects combined entity's revenue share in fourth paragraph to 32.2 percent from 40 percent)Aug 31 (Reuters) - Idea Cellular Ltd IDEA.NS and Vodafone Plc VOD.L completed the merger of their India operations on Friday, creating the country's largest telecom operator by subscribers and revenue after the entry of a new player sparked a bitter price war.The merged entity would be a formidable ri...Read More
NEW DELHI, Aug 31 (Reuters) - India reported on Friday a fiscal deficit INFISC=ECI of 5.4 trillion rupees ($76.12 billion) for April-July, or 86.5 percent of the budgeted target for the current fiscal year compared with 92.4 percent a year earlier.Net tax receipts in the first four months of 2018/19 fiscal year that ends in March 2019 were 2.93 trillion rupees, government data showed.India expects...Read More
* Trump ready to impose new tariffs on China* U.S. sanctions on Iran support prices* Total OPEC production rises in August -survey* U.S. monthly production hits new record in June - EIA* Speculators raise bullish oil bets - CFTC (Updates prices, adds CFTC data)By Ayenat MersieNEW YORK, Aug 31 (Reuters) - Oil prices slipped on Friday, pressured by renewed concerns that a global trade war could dent...Read More
* FTSE 100 down 1.1 pct, posts biggest monthly loss since 2015* Trade war worries, sterling strength weigh* Whitbread soars after $5.1 bln Costa deal (Adds detail and quote, updates prices at close)By Kit ReesLONDON, Aug 31 (Reuters) - Britain's top share index fell on Friday and ended the month with its biggest loss in three years as a stronger pound and broader worries over an escalation in a...Read More
Investing.com - Gold prices rose on Friday as Canada and the U.S. rushed to finish trade negotiations before the end of the day.Comex gold futures for December delivery rose 0.43% to $1,210.20 a troy ounce as of 11:02 AM ET (15:02 GMT). Trade is expected to be light ahead of the Labor Day weekend, with markets closed on Monday.The price of gold was driven higher as trade tensions pushed investor s...Read More
(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 down 0.3 pct, set to end August with 3.3 pct loss* Trade war worries, sterling strength weigh* Whitbread soars after $5.1 bln Costa dealBy Kit ReesLONDON, Aug 31 (Reuters) - Britain's top share index fell on Friday and was set to end the month with a loss as a stronger pound and broader worries over an escalation...Read More
MEXICO CITY, Aug 31 (Reuters) - Miner Grupo Mexico could reopen the country's largest underground mine in the first quarter of 2019, after it closed more than a decade ago due to a workers strike, a senior government official said in an interview.The company began to refurbish the San Martin mine, which has copper, silver, lead and zinc, a week ago, said Carlos Barcena, the economy minister in the...Read More
Aug 31 (Reuters) - Chile's state copper commission Cochilco expects the country's mining industry to attract a total investment of $65.75 billion spread over 44 operations over the next 10 years, it said in a statement on Friday.Among the investments, it referenced two new lithium mining projects, three copper and one gold, totalling $5.9 billion, by companies including by SQM , Gold Fields and An...Read More
Aug 31 (Reuters) - Copper production at Codelco, Chile's state-owned copper mining company, rose 2 percent in the first half of 2018 to 813,000 tonnes, Chief Executive Nelson Pizarro said on Friday.The world ?s top copper miner benefited from rising prices, posting a pretax profit of $1.235 billion in the same period, up 25 percent year-on-year, with a production cost per pound of copper of $1.38,...Read More
Serbia has picked a Zijin Mining, China's largest gold miner and one of the country's top copper producers, to take over its debt-hit copper mining and smelting complex RTB Bor, Minister of Mines and Energy Aleksandar Antic said on Friday.The $1.26 billion-deal, which gives Zijin a 63% stake in the asset, marks the latest expansion of Beijing's economic footprint in the Balkan region.China view...Read More
* U.S. crude output, storage, drilling: https://tmsnrt.rs/2wc5wpr* Global oil markets to tighten toward end of 2018 - IEA* Cushing crude stocks rise 107,433 bbls since Friday -Genscape (Updates with settlement prices)By Jessica Resnick-AultNEW YORK, Aug 30 (Reuters) - Oil prices rose on Thursday to the highest in more than a month, extending gains on growing evidence of disruptions to crude supply...Read More
(Adds details on Indian rupee, China's yuan, analyst comments)By Patturaja MurugaboopathyAug 30 (Reuters) - Most emerging-Asia currencies weakened on Thursday as caution mounted ahead of an upcoming deadline in the China-U.S. trade dispute, while overnight declines in the Turkish lira TRY= dulled risk appetite.The dollar index .DXY against a basket of six major currencies hovered near a four-week...Read More
* NSE index dips 0.18 pct, BSE index down 0.1 pct* Financials drag Nifty index* Futures and options contracts set to expireBy Abinaya VijayaraghavanAug 30 (Reuters) - Indian shares fell marginally on Thursday on profit-booking in financials ahead of the expiry of futures and options contracts later in the day.Gains in consumer and materials stocks were offset by losses in financials, and Asian sto...Read More
PolarX points to upsideSPONSOREDpolarx ltdChile's reputation as LatAm go-to destination faces long-term threats - AnalysisSPONSOREDverisk maplecroftBlack Rock polishes MahengeSPONSOREDblack rock miningSigns point to world-class Galena mineSPONSOREDgalena miningThere is no doubt each individual company has put in place what it sees as the best protections against such events. These measures wil...Read More