Shares in Kaz Minerals (LON: KAZ) jumped Thursday after the copper miner declared its first dividend since 2012 and said it planned to expand its footprint in Russia, following the acquisition earlier this month of a project from Roman Abramovich, the owner of Chelsea soccer club.The Kazakhstan-focused company said it would pay a dividend of 6 cents per share, the first since began ramping up its...Read More
The US administration is not waiting to hear the results of ongoing legal challenges to President Donald Trump's order to scale back two nationals monuments, as it's moving forward with plans to allow mining and oil extraction in the newly-opened areas.Land that once belonged to the Bears Ears and Grand Staircase-Escalante national monuments, both of them in Utah, will likely be up for grabs onc...Read More
* U.S. crude stocks rose 6.8 mln bbls, surprising market* Inventory build came despite record refinery runs* World trade growth peaked in January -analysts* U.S. sanctions against Iran to cut supply (New throughout, updates prices, market activity and comments to settlement)By Jessica Resnick-AultNEW YORK, Aug 15 (Reuters) - Oil futures slid on Wednesday, with U.S. crude settling 3 percent lower a...Read More
NEW DELHI, Aug 15 (Reuters) - India's foreign exchange reserves are comfortable by global standards and sufficient to mitigate any undue volatility in the foreign exchange market, the finance minister said on Wednesday, a day after the rupee currency sank to an all-time low.The rupee INR=D2 hit the record low of 70.1 per dollar on Tuesday, as concerns about Turkey's economic woes spreading to othe...Read More
* India aims to launch first manned space mission by 2022* To roll out medical insurance scheme for the poor* Modi lists achievements ahead of 2019 general elections (Adds details, quotes; paragraphs 4 to 13)By Krishna N. Das and Promit MukherjeeNEW DELHI, Aug 15 (Reuters) - India will launch its first manned space mission by 2022 and roll out a health insurance scheme from September, Prime Minist...Read More
* Dollar index fades after hitting 13-month high* Turkish lira, euro helped by Qatar pledge* Commodities, copper, gold, oil slide* World stock index down 1.1 pct, EM stocks slump 1.8 percent (Updates to U.S. close, adds commentary)By Sin?(C)ad CarewNEW YORK, Aug 15 (Reuters) - Equities around the world took a dive led by emerging market stocks on Wednesday and commodities tumbled as investors look...Read More
(Bloomberg) -- Copper plunged into a bear market as concerns mount that Turkey’s financial crisis and the U.S.-China trade spat will stymie global economic growth.The red metal for delivery in three months fell 4 percent to settle at $5,801 a metric ton at 5:52 p.m. Wednesday on the London Metal Exchange. That’s a more-than 20 percent drop from its high of $7,332 a ton in June, meeting...Read More
* Dollar index hits 13-month high, commodities tumble* Turkish lira extends bounce but many early gains fizzle* Stronger dollar pressures commodities, copper, gold, oil slide* World stock index down 1.3 pct, EM stocks slump 2 percent (Updates to U.S. mid-afternoon, adds commentary)By Sin?(C)ad CarewNEW YORK, Aug 15 (Reuters) - Equities around the world took a dive on Wednesday, with emerging marke...Read More
* FTSE 100 ends down 1.7 pct* Dollar strength batters commodities stocks* Fresh hopes for GSK's HIV business lift shares* Admiral, Hikma results in focus (Recasts, adds quote and detail, updates prices at close)By Kit Rees and Helen ReidLONDON, Aug 15 (Reuters) - Britain's top share index sank on Wednesday as emerging markets stress and a sharp selloff in commodities drove down stocks across Europ...Read More
* Dollar index hits 13-month high* Turkish lira extends bounce but many early gains fizzle* Stronger dollar pressures commodities, copper, gold, oil slide* World stock index down 1.3 pct, EM stocks slump 2 percent (Updates with U.S. open; adds commentary, changes dateline; previous LONDON)By Sin?(C)ad CarewNEW YORK, Aug 15 (Reuters) - Equities around the world took a dive on Wednesday, with emergi...Read More
* Dollar surge resumes; index hits new 13-month high* Turkish lira extends bounce but many early gains fizzle* Stronger dollar pressures commodities, copper, gold, oil slide* Indonesia raises rates for fourth time since May* World stocks down half percent, EM stocks slump 2 percent (Updates throughout)By Sujata RaoLONDON, Aug 15 (Reuters) - The dollar resumed its rise on Wednesday, surging to new...Read More
Investing.com - Gold prices fell to fresh one-and-a-half year lows on Wednesday as the broadly strong dollar continued to weigh on demand for bullion.December gold futures hit a low of $1,190.80, the weakest level since late January 2017, and were down 0.74% at $1,191.80 by 07:34 AM ET (11:34 AM GMT) on the Comex division of the New York Mercantile Exchange.Gold prices remained below the psycholog...Read More
(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 flat* Fresh hopes for GSK's HIV biz lifts shares* Admiral, Hikma results in focus* Miners fall as copper price declinesBy Kit ReesLONDON, Aug 15 (Reuters) - The UK's top share index steadied on Wednesday as a fall across mining stocks capped results-driven gains, with GlaxoSmithKline a standout riser after the resul...Read More
(Adds company news and futures)Aug 15 (Reuters) - Britain's FTSE 100 index .FTSE is seen opening 17 points higher at 7,629 on Wednesday, according to financial bookmakers with futures FFIc1 up 0.09 percent ahead of the cash market open.* BALFOUR BEATTY: Construction company Balfour Beatty Plc BALF.L reported on Wednesday a 69 percent jump in underlying operating profit as its measures to cut cos...Read More
* MSCI Asia-Pacific index down more than 1 pct* Spreadbetters expect European stocks to open slightly higher* Turkish woes linger; safe-haven dollar rises to 13-month high* Lira trims gains after rallying the previous day* Stronger dollar pressures commodities, gold hits 18-mth lowBy Shinichi SaoshiroTOKYO, Aug 15 (Reuters) - Asian stocks retreated to a one-year low on Wednesday as bearish Chinese...Read More
Aug 15 (Reuters) - Britain's FTSE 100 index .FTSE is seen opening 17 points higher at 7,629 on Wednesday, according to financial bookmakers.* RBS: Royal Bank of Scotland RBS.L will pay $4.9 billion to settle U.S. claims that it misled investors on residential mortgage-backed securities between 2005 and 2008, the U.S. Justice Department said on Tuesday, adding this was the largest penalty imposed o...Read More
PolarX points to upsideSPONSOREDpolarx ltdChile's reputation as LatAm go-to destination faces long-term threats - AnalysisSPONSOREDverisk maplecroftFurther de-risking as Danakali debuts on bigger stageSPONSOREDdanakaliKing River's 'overnight' success story stretches back to 1970SPONSOREDking river copperThe MIT research team, led by associate professor of metallurgy Antoine Allanor...Read More
Orla hits 147.7m at 1.25% copperResource definitionPolarX points to upsideSPONSOREDpolarx ltdChile's reputation as LatAm go-to destination faces long-term threats - AnalysisSPONSOREDverisk maplecroftFurther de-risking as Danakali debuts on bigger stageSPONSOREDdanakaliLow national productivity due to historically weak public investment spending needs fixing. Slowly growing but aging population...Read More
The company saw profits climb 49% year-on-year in the first half of 2018 to US$276 million, while basic and diluted earnings per share for the six-month period was 62c, up from 41c/share in the ...Read More
Mining and metals investors dumped the sector's big names on Wednesday after sharp drops in base and precious metal prices over concerns of emerging market contagion from the currency crisis in Turkey, worries about the robustness of the Chinese economy and the impact of widening trade war sparked by US tariffs.Copper touched a low of $2.55 a pound ($5,622 a tonne) in New York and entered a bear m...Read More