Turkish deep-sea scrap prices inched up with news of a fresh deal from the Baltic Sea on Thursday January 11. A steel mill in northern Turkey booked the cargo, comprising 12,000 tonnes of HMS 1&2 (80:20) at $375 per tonne, 12,000 tonnes of shredded at $380 per tonne and 4,000 tonnes...Read More

Jan 12 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 6067.6 -29.1 NZX 50**8,250.44 -114.46DJIA**25,529.25160.12NIKKEI**23,710.43-77.77Nasdaq**7,204.20550.513FTSE**7,762.94 14.43S&P 500** 2,764.46 16.27 Hang Seng** 31,120.3946.67SPI 200 Fut 6023 10STI** 3,512.68 -7.77SSEC**3,425.5735 3.74KOSPI** 2487.91-11.84-------------------------------------------------------------...Read More

FTSE 100 closes at third successive highTesco and M&S shares fall after trading updatesAnglo American and Just Eat gain on broker upgradesFTSE 100 closed at a  new peak for the third day in a row, despite retailers taking a bashing and what was a choppy day of trading.The blue-chip benchmark finished the day up over 14 points at 7,762, while M&S said like-for-like revenues fell 1.4% i...Read More

Jan 12 (Reuters) - Australian shares are expected to recover from two straight sessions of falls on Friday, latching on to solid leads from Wall Street inspired by higher oil prices.Wall Street surged to record highs on Thursday on the back of rising oil prices and as investors bet on a strong U.S. corporate earnings season. Oil settled at three-year highs on signs that global inventories were tig...Read More

Huayou Cobalt and Posco will invest in two joint ventures in China's Zhejiang province to produce lithium-ion battery materials, according to a statement filed on the Shanghai Stock Exchange on Wednesday January 10. With a total investment of 1 billion yuan ($154 million), Zhejiang HUAYOU-POSCO New Energy Co, Ltd will be dedicated in the research and development, production, as well as sales of li...Read More

Online fashion retailer Boohoo.com PLC (LON:BOO) reported a surge in revenue in the final four months of 2017 but shares fell as it said margins eased.Group total revenue doubled to ?228.2mln from ?114.3mln the same period last year, and was up 93% on a constant exchange rates (CER) basis.The gross margin eased to 52.5% from 53.1% a year earlier, while the retail gross margin dipped to 54.2% fro...Read More

TORONTO, Jan 11 (Reuters) - Canada's main stock index ended higher on Thursday, as gains for energy companies and miners offset falls among marijuana producers and in Shaw Communications Inc , whose earnings disappointed. The Toronto Stock Exchange's S&P/TSX composite index unofficially closed up 38.99 points, or 0.24 percent, at 16,286.94. (Reporting by Alastair Sharp Editing by Chizu Nomiyam...Read More

Turkish imported billet prices have inched up on higher scrap prices, while the country's domestic and export billet prices have remained stable over the past week, sources said on Thursday January 11.Metal Bulletin's weekly price assessment for billet imports into Turkey was $525-530 per tonne cfr on Thursday, narrowing upward from last week's $520-530 per...Read More

NEW YORK, Jan 11 (Reuters) - Wall Street closed at record highs on Thursday as rising oil prices lifted energy stocks and investors bet on a strong U.S. corporate earnings season.The Dow Jones Industrial Average rose 205.6 points, or 0.81 percent, to 25,574.73, the S&P 500 gained 19.33 points, or 0.70 percent, to 2,767.56 and the Nasdaq Composite added 58.21 points, or 0.81 percent, to 7,211.7...Read More

It's all about a City boy's two favourite (legal) things on Friday: pubs and properties.Housebuilder Bovis Homes Group PLC (LON:BVS) will come to the market with a trading statement, hot on the heels of several of its peers which have all updated investors this week.Traders became a little tetchy over margins when Barratt Developments PLC (LON:BDEV) gave its first half update on Thursday, so Bovis...Read More

ALL TIMES IN EST/GMT -------------------------------------------------------0830/1330: The Commerce Dept. issues Retail Sales for December.0830/1330: The Labor Dept. issues Consumer Price Index and Real Earnings for December.1000/1500: The Commerce Dept. issues Business Inventories for November.------------------------------------------------------- DIARY - Federal Reserve Events U.S. Indicators (...Read More

Turkish domestic long steel prices have fallen in line with the weakening of the country's lira, but are expected to recover soon, sources said on Thursday January 11.Metal Bulletin's weekly price assessment for domestic rebar in Turkey was $570-572 per tonne ex-works, down from last week's $580-590 per tonne.The domestic rebar prices in the Izmir and Iskenderun regions were $570-575 per tonne ex-...Read More

(Adds details about the probe, background)Jan 12 (Reuters) - New Zealand's overseas investment regulator is investigating Agria Corporation, the largest shareholder in New Zealand agriculture firm PGG Wrightson Ltd , PGG said on Thursday, confirming media reports. PGG Wrightson said the Overseas Investment Office (OIO) was investigating Hong-Kong based Agria on "good character" grounds....Read More

The latest news and price moves to start the Asian day on Friday January 12.Base metals prices on the London Metal Exchange were mostly lower at the close on Thursday January 11, with nickel prices falling 2%. Read more in our live futures report.Here are how prices looked at the end of the day on Thursday.Metal Bulletin has learned that operations at Glencore's Pasar copper smelter in I...Read More

LIMA, Jan 11 (Reuters) - Peru logged a fiscal deficit equal to 3.2 percent of gross domestic product in 2017, wider than the government's 3 percent target and the 2.6 percent deficit registered in 2016, the central bank said on Thursday.A drop in government revenues made up 0.5 percentage point of last year's deficit, followed by increased government spending, which contributed 0.2 point to the sh...Read More

The latest metal markets news and price moves to start the North American day on Thursday January 11.Base metals prices on the London Metal Exchange continued to strengthen during morning trading, with zinc prices leading the pack.The three-month zinc price hit a high of $3,375 per tonne and looks set to push toward the $3,400 per tonne resistance barrier. It is being supported by further cancelat...Read More

--Rio Tinto has dropped out of the bidding for a stake in Sociedad Quimica y Minera de Chile, one of the world's top lithium producers, as it pursues other ways to capitalize on the electric-car boom, Bloomberg reports, citing unnamed sources. --Rio decided not to proceed with an offer for Nutrien Ltd.'s 32% stake in Santiago-based SQM--worth about $5 billion at current market prices--after conduc...Read More

Good morning from Metal Bulletin's office in Singapore, as we bring you the latest news and pricing stories on Thursday January 11.Nickel prices on the Shanghai Futures Exchange extended their gains during Asian morning trading on Thursday, tracking the strong performance of the metal on the London Metal Exchange in recent days, with robust demand amid a tighter market providing support. Chec...Read More

By John McCrankNEW YORK, Jan 11 (Reuters) - Electronic trading is becoming increasingly important when it comes to corporate debt as fund management firms try to knit together sources of liquidity in a fragmented market, executives from Vanguard Group Inc and BlackRock Inc said on Thursday."Our goal by the end of the year is that every trade we do is going to be done electronically," Jim...Read More

(Corrects spelling of doctor's first name to "Ronny" instead of "Ronnie" in penultimate paragraph)WASHINGTON, Jan 11 (Reuters) - U.S. President Donald Trump said on Thursday he expects a medical examination he is to undergo on Friday will go well and that he would be surprised if it did not.Answering questions from reporters after an event on prison reform at the White House,...Read More