* STOXX 600 ends up 0.3 pct* Volumes low ahead of Fed decision* Indivior slumps after new guidance* M&A chatter in banking sector (For a live blog on European stocks, type LIVE/ in an Eikon news window)By Julien Ponthus and Danilo MasoniLONDON, Sept 26 (Reuters) - European shares held their ground near 4-week highs on Wednesday before a widely expected rate hike by the U.S. Federal Reserve.The...Read More
* Shanghai shares hit 8-week high, helped by MSCI news* Fed rate hike expected, another seen likely in December* Brent crude prices ease off 4-year high but still above $80* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVh(Changes byline, dateline to NEW YORK; adds Wall Street open; updates throughout)By Hilary RussNEW YORK, Sept 26 (Reuters) - An advance in Chinese equity markets set a mo...Read More
BRUSSELS, Sept 26 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process:APPROVALS AND WITHDRAWALS-- Private equity firm KKR KKR.N and French telecoms provider Altice NUMCF.PK to acquire joint control of Altice's French subsidiary SFR Filiale (approved Sept. 25)NEW LISTINGS-- UK packaging business DS Smith SMDS.L to buy Spanish corr...Read More
Orla hits 147.7m at 1.25% copperResource definitionPartnerships In Burkina FasoSPONSOREDiamgoldElementos builds diversified tin growth platformSPONSOREDelementosDe-risking progress propels Namdini SPONSOREDcardinal resourcesThe group-think surrounding mining industry investment presentations undermines the effectiveness of industry communications, hindering access to capital. ...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.The future of transport is evolving. Our analysis points to a gradual but expontential rise in electric vehicle (EV) sales globally, driven by rapidly changing EV economics and technological innovations. In 20...Read More
(Bloomberg) - Ford Motor Co. Chief Executive Officer Jim Hackett encouraged President Donald Trump's administration to resolve trade disputes quickly or it could do "more damage" to his company, which is already suffering losses from tariffs imposed by the White House."The metals tariffs took about $1 billion in profit from us - and the irony is we source most of that in the U.S. today anyways," H...Read More
(Bloomberg) - Democratic Republic of Congo President Joseph Kabila vowed delayed elections to select his successor will take place as planned this year.Presidential and parliamentary votes have been delayed since 2016, after the electoral commission failed to organize them on time. The central African nation, which is the world's largest cobalt producer, hasn't had a peaceful transition of power s...Read More
SAO PAULO, Sept 26 (Reuters) - Two major shareholders of Brazilian mining company Vale SA are likely to reach an agreement on Wednesday to pay 2.82 billion reais ($692 million) to Eletron to settle a dispute over Vale shares, according to securities filings by Bradespar SA and Litel Participa???ues SA.The payment by Brazilian holding companies Bradespar, one of the largest shareholders in Vale,...Read More
Canadian miner First Quantum Minerals (TSE:FM) is facing legal uncertainty around its massive $5.48 billion project in Panama, the largest copper mine coming to market over the next couple of years.The Central American country's Supreme Court ruled Monday that Law 9, which was used to grant a mining concession to Minera Petaquilla (now known as Minera Panama) in February 1997, was unconstitutiona...Read More
NEW DELHI, Sept 25 (Reuters) - Finance Minister Arun Jaitley said on Tuesday he expects India's economy to sustain an annual growth rate of around 8 percent on the back of measures taken by the government such as a unified tax code and a new bankruptcy law.But he said India needs to assess the efficiency of its debt recovery tribunals for quicker decisions.Read More
* Brent touches Nov. 2014 high: https://tmsnrt.rs/2xATyY1* U.S. sanctions to target Iran's oil exports from Nov. 4* Trumps accuses OPEC of ripping off the world* U.S. crude stockpiles seen down for sixth week - Reuters poll* Coming Up: API weekly oil stock report at 4:30 p.m. (2030 GMT) (New throughout, updates prices, market activity and comments to settlement)By Jessica Resnick-AultNEW YORK, Sep...Read More
Investing.com - Here are the top five things you need to know in financial markets on Tuesday, September 25:1. Trump Addresses the UNU.S. President Donald Trump is expected to address the United Nations General Assembly today, with many expecting to hear his “America First” rhetoric. He plans to discuss state sovereignty and American interests, U.S. ambassador, Nikki Haley, told the Ne...Read More
(Bloomberg) -- Call it the shot heard ’round the gold industry.As more than 1,100 gold mining executives, metals analysts and investors made their annual retreat to the mountains of Colorado, all anyone seemed to want to talk about was the deal that was announced just hours earlier. Mark Bristow, the outspoken chief executive officer of Randgold Resources (LON:RRS) Ltd. who helped arrang...Read More
(Bloomberg) -- Oil bulls cheered by the prospect of $100 oil beware. A rally in prices may be short-lived.That’s according to Janet Kong, who heads energy giant BP (LON:BP) Plc’s trading business in Asia. Any spike on the loss of Iranian supply due to U.S. sanctions probably won’t be sustainable in the long run, she said. That’s because the negative impact on demand fro...Read More
Partnerships In Burkina FasoSPONSOREDiamgoldElementos builds diversified tin growth platformSPONSOREDelementosDe-risking progress propels Namdini SPONSOREDcardinal resourcesAmerigo MVC plant ramp-up on courseSPONSOREDamerigo resources Sure, when the gun goes bang there is blood on the walls, but the CEO will be paid to walk, the company will raise a heap more equity at bargain basement prices (an...Read More
Fatality at Serabi mine: NMBCapital markets"We have had some really positive surprises out of this process"LeadershipPartnerships In Burkina FasoSPONSOREDiamgoldElementos builds diversified tin growth platformSPONSOREDelementosUp until recently, death was always something that happened to other people. I am young-ish, fit-ish and not as alcoholic as I could be, and so had assumed I was p...Read More
Hudbay to take part of Doubleview's HatM&APolarX points to upsideSPONSOREDpolarx ltdTwo years ago, the Toronto-listed company (NGQ) published a preliminary economic assessment to develop Josemaria and the nearby Los Helados deposit as a single project, channelling ore through a...Read More
Orla hits 147.7m at 1.25% copperResource definitionPolarX points to upsideSPONSOREDpolarx ltdFour banks standing against a tide of selling in base and precious metals is not a guarantee that better times are around the corner, after all they could all be wrong. But it is interesting tha...Read More
BEIJING, Sept 25 (Reuters) - China Baowu Steel Group said a media report that it is in talks to take over Magang group was not true, state media Shanghai Securities News reported on Tuesday.Top Chinese steelmaker China Baowu Steel Group is in talks to take over rival Magang Group, three sources familiar with the discussions told Reuters earlier, a deal that would help entrench the nation's positio...Read More
BEIJING, Sept 25 (Reuters) - China's top copper smelters have set their floor treatment and refining charges (TC/RCs) for the fourth quarter at $90 per tonne and 9 cents per pound, two sources with direct knowledge of the matter said on Tuesday.The floor charges, the minimum miners pay smelters to process their copper concentrate into refined metal, were agreed at a meeting of the 10-member China...Read More