Basic Resources Sector News

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  • U.S. SEC wins asset freeze vs ex-Santander exec in insider case Reuters - UK Focus - 1 hour 30 minutes ago

    NEW YORK (Frankfurt: HX6.F - news) , April 23 (Reuters) - The U.S. Securities and Exchange Commission on Wednesday won an asset freeze against a former Banco Santander SA executive it accused of insider trading ahead of a proposed 2010 takeover of Potash Corp of Saskatchewan Inc. The $3.84 million freeze against Cedric …

  • * Limited reaction to China HSBC flash manufacturing PMI (Updates with late New York (Frankfurt: HX6.F - news) prices) NEW YORK, April 23 (Reuters) - The U.S. dollar weakened against the euro and yen on Wednesday, undermined by a decline in U.S. equity prices and Treasury yields and finding little support from a slower-than-expected …

  • FTSE closes down 7.02 points at 6,674.74; Focus turns to Apple and Facebook earnings; UK public sector net borrowing falls

  • The dollar fell and global equity markets edged lower on Wednesday in response to disappointing U.S. housing data and weak corporate earnings that reversed market momentum after five days of gains in a ...

  • Thursday will be another big day in capital markets in London. In particular, traders will be braced for the latest first quarter earnings figures out from drugs giant AstraZeneca.

  • MARKET PULSE-Hugoton, Zhone, Unisys, Sodastream, Boeing, Delta Reuters - UK Focus - 2 hours 41 minutes ago

    U.S. stocks declined on Wednesday after a six-session winning streak as gains in Boeing and Gilead were offset by slides in AT&T and the wider biotech sector. The Dow Jones industrial average fell 25.43 ...

  • * Platinum price remains depressed despite strike * Miners get ready for mass meeting - AMCU official (Updates with end of talks) JOHANNESBURG, April 23 (Reuters) - Marathon talks aimed at ending a crippling three-month strike in South Africa's platinum sector will resume on Thursday after the world's top producers and …

  • * Asset swaps avoid merger pitfalls LONDON, April 23 (Reuters) - The loud welcome given by investors to this week's deal for Novartis (Xetra: NOT.DE - news) and GlaxoSmithKline (Other OTC: GLAXF - news) to trade more than $20 billion of assets could trigger more pacts in the pharmaceuticals sector and beyond. Such swapping …

  • The dollar fell and global equity markets edged lower on Wednesday in response to disappointing U.S. housing data and weak corporate earnings that reversed market momentum after five days of gains. In ...

  • U.S. expansion plans for Associated British Foods and expectations of consolidation in the drugs sector kept Britain's top share index near a two-week high on Wednesday. Clothing and food conglomerate ...

  • Shares in renewable energy provider Drax lost more than 13 per cent of their value on Wednesday, hit by the group's announcement that one of its power station units was no longer deemed eligible by the ...

  • Global equity markets edged lower on Wednesday after five days of gains after disappointing U.S. housing data and as corporate earnings were not strong enough to sustain a rally, while the price of government ...

  • Dow Chemical CEO Liveris speaks during the CERAWEEK energy conference in Houston

    Dow Chemical cut 5 percent of its workforce and shuttered 20 plants in late 2012. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) in Dow Chemical's coatings and infrastructure solutions business rose 20 percent in the quarter. EBITDA, excluding some items, rose 9 percent in the company's …

  • Multinational food processing and retailing company, Associated British Foods, announced it has appointed Ruth Cairnie as a non-executive director with effect from May 1st.

  • European stocks have come under slight selling pressure early on following mixed readings on the manufacturing sector in France and Germany.

  • AB Foods jumps on Primark expansion plans; Stocks rise, but upside limited; BoE minutes, economic data ahead; Chinese manufacturing PMI contracts again.

  • Mongolia's copper concentrate export volumes leapt 53 percent year-on-year in March, with rising output from the $6.5 billion Oyu Tolgoi project run by Anglo-Australian miner Rio Tinto (Xetra: 855018 - news) driving up sales, official data showed. According to figures released on Wednesday by Mongolia's National Statistical …

  • Can Rio Tinto PLC Rule The World? Fool.co.uk - 11 hours ago

    Can Rio Tinto PLC (LON:RIO) take pole position?

  • Royal Dutch Shell Plc (LON:RDSB), BP plc (LON:BP) and Rio Tinto plc (LON:RIO) are heavyweight holdings of JP Morgan Claverhouse Investment Trust (LON:JCH).

  • Petra Diamonds has reported a 55 per cent climb in third quarter revenue, driven in part by a 15 per cent jump in production, as well as the sale of a 29.6 carat blue diamond, which was sold for 25.6m ...

  • Barring unexpected events, the upcoming trading session may well turn out to be the most interesting this week, as investors focus on a raft of important economic data which are set for release, alongside ...

  • Following yesterday's surge on the back of bid speculation and M&A activity within the pharma sector, today's session looks set for a fairly flat start, with the top tier expected to inch marginally lower ...

  • * Platinum price remains depressed despite strike * Miners get ready for mass meeting - AMCU official JOHANNESBURG, April 23 (Reuters) - Talks aimed at ending a crippling three-month strike in South Africa's platinum sector resume on Wednesday after the world's top producers and union AMCU spent Tuesday haggling over …

  • Petra Diamonds reported a 55 percent jump in third-quarter revenue helped by the sale of a 29.6 carat blue diamond and strong rough diamond prices. The diamond miner said third-quarter production rose ...

  • LAUNCESTON, Australia, April 23 (Reuters) - Indonesia's decision to start cancelling investment treaties with 62 countries has passed with little comment, but the move may have a greater impact than the recent banning of mineral ore exports. Indonesia last month kick-started the process of terminating all of its bilateral …

  • AB Foods jumps, ARM and Sports Direct fall; UK borrowing falls more than expected; Chinese manufacturing still in contraction; Eurozone business activity improves.

  • Shares rise on corporate results, M&A talk; euro flat Reuters - Tue, Apr 22, 2014 22:14 BST

    Global equity markets rose on Tuesday, lifted by solid U.S. corporate earnings and deal-making activity among European drugmakers, while the euro edged above break-even. In Europe, an index of top European shares finished up 1.3 percent, the biggest daily advance since early March. Netflix Inc, the video streaming company, …

  • Market report: Poundland slips on broker caution Telegraph - Tue, Apr 22, 2014 20:05 BST

    Credit Suisse and JPMorgan, which were bookrunners on the float, drew attention to the group's valuation

  • FTSE closes up 56.51 points at 6,681.76; Easter weekend retail sales disappoint; Monthly US existing home sales down 0.4 per cent

  • Eurasia Mining extends Urals project Sharecast - Tue, Apr 22, 2014 16:52 BST

    Russian platinum and gold explorer Eurasia Mining has taken a step forward in expanding a mine in the Urals.

  • Double Your Income In Just Six Years! Fool.co.uk - Tue, Apr 22, 2014 15:55 BST

    What matters is dividend growth, not just dividend yield.

  • Iron ore mining likely to restart in January in India's Goa Reuters - UK Focus - Tue, Apr 22, 2014 14:41 BST

    * Iron ore production to resume after court ruling * Goa supply to add to global surplus of iron ore (Adds comments from Sesa Sterlite, details) MUMBAI, April 22 (Reuters) - Mining (LSE: MIR.L - news) in India's top iron ore-exporting state of Goa is likely to restart in January next year once all companies have obtained …

  • Ex-divs to take 8.69 points off FTSE 100 on April 23 Reuters - UK Focus - Tue, Apr 22, 2014 14:02 BST

    The following FTSE 100 companies will go ex-dividend on Wednesday, after which investors will no longer qualify for the latest dividend payout. According to Reuters calculations at current market prices, ...

  • S.African strikers, mine owners to meet on new pay offer

    AMCU (Association of Mineworkers and Construction Union) members march in Johannesburg on March 27, 2014

  • M&A talk lifts European shares, euro dips to two-week low Reuters - Tue, Apr 22, 2014 12:15 BST
    A man smokes a cigarette outside The London Stock Exchange

    M&A talk in the pharmaceutical sector lifted European shares on Tuesday, but failed to support the euro, which dipped to a two-week low against the dollar as ECB policymakers renewed efforts to weaken it. Meanwhile, investors continued to see tensions in Ukraine as a threat to riskier assets, even though they seemed to …

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