(Updates futures, adds company news item)Nov 18 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 2 points on Friday, according to financial bookmakers, with futures FFIc1 up 0.28 percent ahead of the cash market open.* The UK blue chip index closed 0.7 percent higher on Thursday, helped by gains among mining firms. NATIONWIDE: Nationwide Building Society POB_p.L reported a 23 percent...Read More
Nov 18 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 2 points on Friday, according to financial bookmakers.* The UK blue chip index closed 0.7 percent higher on Thursday, helped by gains among mining firms. RIO TINTO: The government of Guinea has called on Rio Tinto RIO.AX RIO.L to spell out what exactly it has discovered in an internal investigation into payments made to an advi...Read More
During his campaign Donald Trump promised to push through a $500 billion spending program to build bridges, roads, railways, schools and hospitals early next year and the president elect has aspirations of $1 trillion in infrastructure build-out in the US over the next decade.The surge in industrial metals prices and steelmaking raw materials following the surprise victory of Trump has definitely...Read More
The surge in the copper price to near 18-month highs following Donald Trump's win in the US presidential election came as a surprise to an industry under pressure since 2011 over growing supply.The bullishness about the impact of Trump's $500 billion infrastructure plans on demand for the bellwether metal has cooled down considerably.Source: FocusEconomicsIn pre-regular hours trade on Thursday...Read More
(Adds company news items, futures)Nov 17 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 19 to 21 points, or as much as 0.3 percent, on Thursday, according to financial bookmakers, with futures FFIc1 up 0.16 percent ahead of the cash market open.* The UK blue chip index ended down 0.6 percent on Wednesday after gaining in the previous two sessions, with companies such as jet engine m...Read More
Nov 17 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 19 to 21 points higher, or up as much as 0.3 percent on Thursday, according to financial bookmakers.* The UK blue chip index ended down 0.6 percent on Wednesday after gaining in the previous two sessions, with companies such as jet engine maker Rolls-Royce RR.L and the country's biggest housebuilder Barratt BDEV.L slipping. ANGLO AM...Read More
* Dollar index hits highest level since early 2003 (Updates prices, comments)By Rodrigo CamposNEW YORK, Nov 16 (Reuters) - The U.S. dollar index touched a near 14-year high on Wednesday, while oil prices fell in a volatile session as traders were caught between a build in U.S. stockpiles and the chance of an agreement in an output cut.Declines in bank stocks more than offset gains in the technolog...Read More
About 100 hooded protesters have illegally entered Anglo American's Los Bronces copper mine in central Chile, seizing installations and setting up flaming barricades.The global miner blamed a group of contractors and "unidentified people" for the violent occupation of parts of the mine and the takeover of outbuildings and trucks."This situation creates a serious risk to the safety and physical in...Read More
Gecamines, the Democratic Republic of Congo's state-owned copper producer, said on Wednesday it "strongly opposes" Lundin Mining's (TSX:LUN) decision to sell its 24% stake in the Tenke Fungurume mine to a Chinese private equity firm.Congo is one of the world's top copper producers, but foreign companies rather than Gecamines mine most of the industrial metal. The state-owned miner has long argued...Read More
Global Witness on Monday revealed that Gecamines, the state mining company of the Democratic Republic of Congo last year signed over royalty rights in the Kamoto Copper Company (KCC) owned and operated by Switzerland's Glencore to offshore company African Horizons which is linked to with Dan Gertler, Israeli financier who has extensive dealing in the DRC.The London-based human rights organization...Read More
* Dollar index hits 14-year high, last little changed* Bond selling resumes after brief pause* Yield jump stops stocks in their tracks (Updates with U.S. open, changes comment, dateline from previous LONDON)By Rodrigo CamposNEW YORK, Nov 16 (Reuters) - The U.S. dollar index dipped after hitting a near 14-year high on Wednesday while oil prices swung in a volatile session as traders were caught bet...Read More
* Gold slips as dollar index climbs to 11-month high* Holdings of no.1 gold ETF slip to lowest since June* Indian traders fear curbs on overseas purchases (Updates throughout, adds LONDON dateline)By Jan HarveyLONDON, Nov 16 (Reuters) - Gold eased on Wednesday in line with a firmer dollar, but found support around $1,225 an ounce as a sharp rally in cyclical assets like stocks and copper following...Read More
(Adds company news items, updates futures)Nov 16 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up around 1 percent on Wednesday, according to financial bookmakers, with futures FFIc1 up 0.09 percent ahead of the cash market open.* The UK blue chip index closed up 0.6 percent at 6,792.74 points on Tuesday, advancing for a second straight day with energy shares tracking a rally in crude...Read More
Nov 16 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up around 1 percent on Wednesday, according to financial bookmakers.* The UK blue chip index closed up 0.6 percent at 6,792.74 points on Tuesday, advancing for a second straight day with energy shares tracking a rally in crude oil while supermarket stocks gained after encouraging industry data. PRUDENTIAL: Insurer Prudential Plc P...Read More
* Treasuries prices little changed, yields near recent highs* U.S. dollar holds recent gains, index hovers near 100* Oil gains near 6 percent, copper falls (Updates to U.S. market close)By Rodrigo CamposNEW YORK, Nov 15 (Reuters) - Oil prices jumped nearly 6 percent on Tuesday on bets OPEC members will agree to cut output when they meet later this month, while stocks rose, led by recently lagging...Read More
* Treasuries prices dip as stocks rise; energy shares jump* U.S. dollar holds recent gains, index hovers near 100* Oil gains near 6 percent, copper falls (Updates prices, changes comment)By Rodrigo CamposNEW YORK, Nov 15 (Reuters) - Oil prices jumped nearly 6 percent on Tuesday on bets OPEC members will agree to cut output, while stocks edged higher, led by technology shares that had fallen recent...Read More
* Treasuries prices little changed, yields near recent highs* U.S. dollar holds recent gains, index hovers near 100* Oil gains near 5 percent, copper falls (Updates prices, changes comment)By Rodrigo CamposNEW YORK, Nov 15 (Reuters) - Oil prices jumped nearly 5 percent on Tuesday on bets OPEC members will agree to cut output while stocks edged higher, led by technology shares that had fallen recen...Read More
Seabridge Gold (TSX:SEA) (NYSE:SA) today announced that results from the final three core holes drilled this year at Deep Kerr successfully filled in the gaps required to support a southern extension of the deposit. The five holes completed in 2016 are expected to expand the known resource about 500 meters along strike to the south at grades consistent with the deposit's inferred resource. The sha...Read More
After weeks of deliberation, Canada's Lundin Mining (TSX:LUN) said Tuesday it will sell its minority stake in the African copper mine Tenke Fungurume to a Chinese private-equity firm for $1.14 billion in cash.The deal is a result of the Toronto-based miner's review of strategic options for its interest in TF Holdings Ltd., the Bermuda holding company that indirectly owns an 80% interest in the m...Read More
Global Witness on Monday revealed that Gecamines, the state mining company of the Democratic Republic of Congo last year signed over royalty rights in the Kamoto Copper Company (KCC) owned and operated by Switzerland's Glencore to an offshore company belonging to a friend of the president.According to Global Witness, a London-based human rights organization, the 2.5% royalty stream that was owned...Read More