Aug 11 (Reuters) - Tata Motors Ltd TAMO.NS says:* GLOBAL WHOLESALES FOR JAGUAR LAND ROVER WERE 35,007 VEHICLES Further company coverage: TAMO.NS(Mumbai Newsroom)Read More
(Adds close of U.S. markets)* Turkish lira plunges to record low* ECB worried about European bank exposure to Turkey -FT* Bank shares fall on exposure concerns* Euro falls to lowest since July 2017* Yen climbs, bond yields fallBy Herbert Lash and Ritvik CarvalhoNEW YORK/LONDON, Aug 10 (Reuters) - A plunge in the Turkish lira rocked global equities and emerging markets on Friday and fear of further...Read More
* SBI posts $707 mln Q1 loss, third straight qtr of losses* Bad loans ease from three months earlier (Recasts with Chairman's comment)By Devidutta Tripathy and Chris ThomasNEW DELHI/BENGALURU, Aug 10 (Reuters) - State Bank of India SBI.NS is confident of returning to profitability from the December quarter onwards as the impact of bad loans eases, its chairman said after the nation's top lender...Read More
* Iran sanctions expected to squeeze oil supplies* U.S. gasoline demand seen slowing in autumn* Trade war boosts dollar, hits energy demand outlook* U.S. drillers add most rigs since May -Baker Hughes (Adds CFTC data, recasts fourth and fifth paragraph)By Jessica Resnick-AultNEW YORK, Aug 10 (Reuters) - Crude oil prices rose more than 1.0 percent on Friday as U.S. sanctions against Iran looked set...Read More
MUMBAI, Aug 10 (Reuters) - The Reserve Bank of India likely intervened in the foreign exchange market to support the rupee on Friday, after most emerging market currencies fell sharply on heightened global tensions, dealers said.The rupee INR=D2 fell to as low as 69.03 to the dollar, its lowest since July 24, before trimming some of its losses to trade at 68.95."It looks like RBI might have interv...Read More
* FTSE 100 down 1 pct* Turkish currency crisis and Russian rouble slide weigh* Russian gold miner Evraz down 8.8 pct* Miners fall as metals slide on stronger dollar* FTSE 100 and sterling correlation weakens: https://reut.rs/2OkPhOi (Updates prices, adds details)By Helen ReidLONDON, Aug 10 (Reuters) - Anxiety over emerging market assets sent Britain's FTSE 100 down on Friday as a currency crisis...Read More
Investing.com - Gold prices traded higher on Friday as investors flocked to safe-haven assets while U.S. President Donald Trump announced the implementation of higher tariffs on Turkey.At 11:32 AM ET (15:32 GMT), gold futures for December delivery on the Comex division of the New York Mercantile Exchange rose $1.55, or 0.13%, to $1,213.93 a troy ounce.“I have just authorized a doubling of ta...Read More
(Refiles to fix embedded graphic)* FTSE 100 down 0.7 pct* Turkey currency crisis, Russian rouble slide weigh* Russian gold miner Evraz down 6.6 pct* Miners fall as copper slides on stronger dollar* FTSE 100 and sterling correlation weakens: https://reut.rs/2OkPhOiBy Helen ReidLONDON, Aug 10 (Reuters) - Anxiety over emerging market assets sent Britain's FTSE 100 tumbling on Friday as a currency c...Read More
Aug 10 (Reuters) - Aluminium producer Hindalco Industries Ltd HALC.NS posted a 43 percent jump in first-quarter profit on Friday, but missed analysts' estimates.Profit was 4.14 billion rupees ($60.07 million) in the three months through June 30, compared with 2.90 billion rupees a year earlier, the company said in a statement https://www.nseindia.com/corporate/NSERESULTS_10082018140537.zip.Analy...Read More
SANTIAGO, Aug 10 (Reuters) - Four of the five labor unions representing workers at the El Teniente copper mine in Chile have accepted the latest contract offer from state mining company Codelco, union leaders told Reuters."The contract was approved by an ample margin after the company improved its offer," said Guillermo Lemaitre, president of the main labor union involved in the negotia...Read More
Chile's owned Codelco, the world's No.1 copper producer, has approved a scaled-back version of an ambitious, but necessary plan to convert its open pit Chuquicamata mine into an underground operation.Century-old Chuquicamata, the company's second largest copper operation by size, is running out of profitable ore and has to switch to an underground mine. This will allow Codelco keep production rate...Read More
Barrick Gold Corp. Executive Chairman John Thornton says the Canadian miner is looking at its copper assets "very seriously" to see if it makes sense to form a copper company with one or two partners, most likely from China."The question for us on copper is, 'Can you take the copper assets, combine them with another party, or even two parties and build a first-tier global copper company over time?...Read More
* Markets worry about trade war, China crude demand* Iraq cuts selling price of crude cargoes bound for Asia* U.S. gasoline supply now seen as "sufficient" (Updates with settlement prices)By Jessica Resnick-AultNEW YORK, Aug 9 (Reuters) - Crude prices settled slightly lower on Thursday, extending the previous session's losses as the escalating China-U.S. trade dispute casts doubt over th...Read More
* NSE index up 0.18 pct, BSE index up 0.36 pct* ICICI Bank top gainer on NSE IndexAug 9 (Reuters) - Indian shares ended at record closing highs on Thursday, driven by strong gains in financial stocks such as ICICI Bank Ltd ICBK.NS and Axis Bank Ltd AXBK.NS .The benchmark BSE index .BSESN closed up 0.36 percent to 38024.37, a record high, while the broader NSE index .NSEI ended 0.18 percent hig...Read More
SHANGHAI, Aug 10 (Reuters) - Asian stock markets fell on Friday amid heightened global trade tensions, while currency markets were whipsawed by a searing selloff in Russia's rouble after the United States slapped on new sanctions, and as economic worries sent the Turkish lira tumbling.Washington said it would impose fresh sanctions because it had determined that Moscow had used a nerve agent again...Read More
LUSAKA, Aug 9 (Reuters) - Vedanta Resources ' VED.L Zambian unit said on Thursday work at its Konkola Copper Mine was stopped after one miner was killed in an underground accident to allow for investigations into the incident, the company said.In July production was halted at the same shaft, shaft 4, after a miner died in an accident.Vedanta said in June it planned to double copper production at...Read More
* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVh* Rouble extends drop to 4 percent after new U.S. sanctions* Turkey's lira hits record low as U.S. tensions mount* Oil steadies after swoon* NZ dollar dives as central bank stays loose* Pound stuck at 1 year low on Brexit concernsBy Marc JonesLONDON, Aug 9 (Reuters) - Alarm bells were ringing on Thursday as new U.S. sanctions drove down Rus...Read More
* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVh* Rouble extends drop to 4 percent after new US sanctions* Turkey's lira hits record low as U.S. tensions mount* Oil steadies after swoon* NZ dollar dives as central bank stays loose* Pound stuck at 1 year low on Brexit concernsBy Marc JonesLONDON, Aug 9 (Reuters) - Alarm bells were ringing on Thursday as harsh new U.S. sanctions drove drov...Read More
(Adds details)NEW DELHI, Aug 9 (Reuters) - India's environment court on Thursday granted Vedanta Ltd VDAN.NS conditional access to its copper smelter in Tamil Nadu (NS:TNNP), which was shut down by the state government two months ago on environmental grounds.The court said Vedanta employees could enter the smelter premises for "administrative purposes" but the company was not allowed to resume ope...Read More
* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVh* Rouble extends drop to 4 percent after new US sanctions* Turkey's lira hits record low as U.S. tensions mount* Oil steadies after swoon* NZ dollar dives as central bank stays loose* Pound stuck at 1 year low on Brexit concernsBy Marc JonesLONDON, Aug 9 (Reuters) - European stock markets struggled on Thursday with trade war worries, Russia...Read More