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Alan Clarke, CEO of SABMiller, comments on full-year earnings and says that most markets are growing except the U.S. core market which remains under pressure.
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*Palladium expected to average $740/ oz in next 6 months. LONDON, May 13 (Reuters- China's demand for cars and lower Russian palladium sales should keep the world market for the metal used for autocatalysts in deficit and send its price to the highest since mid-2011, refiner Johnson Matthey said.
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LAUNCESTON, Australia, May 13- India's record coal imports in the past fiscal year, and the virtual certainty they will rise again this year, look bullish for coal markets, but the likelihood is only a select few producers will benefit.
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*World's biggest platinum producer bows to gov't, union pressure. RUSTENBURG, South Africa, May 10- Anglo American Platinum said on Friday it would cut 6,000 South African mining jobs, fewer than half the 14,000 initially proposed, as it tries to restore profits without provoking a backlash from the government and restive unions.
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RUSTENBURG, South Africa, May 10- Anglo American Platinum said on Friday it would cut 6,000 South African mining jobs, fewer than half the 14,000 initially proposed, as it strives to restore profits without triggering a backlash from the government and restive unions.
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JOHANNESBURG, May 10- After years of headlines about Africa's poverty, its emerging middle class is now grabbing attention as a driver of growth and democracy and an expanding pool of consumers for market-hungry retailers.
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RUSTENBURG, South Africa, May 10- South African labour activists promised on Friday to fight any job cuts by Anglo American Platinum, which is expected to unveil a new plan on restoring profits later in the day after the original provoked a backlash from the government and unions.
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*Copper slips after hitting 3- week high on Wednesday. *Soybeans and cocoa outperform, along with platinum. Soybeans in Chicago hit a 2- month high in anticipation of the USDA data.
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*Dollar surges above 100 yen, rises sharply vs euro. NEW YORK/ LONDON, May 9- Gold fell 1 percent in choppy trade on Thursday as the dollar rose to a four-year high against the yen and rallied against the euro, decreasing bullion's appeal as a hedge against U.S. currency depreciation.
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NEW YORK/ LONDON, May 9- Gold edged lower on Thursday on the dollar's rally and encouraging U.S. job data, but decent physical demand and gains in platinum group metals and agricultural commodities helped lift bullion from early lows. Palladium rose nearly 3 percent on buying ahead of major wage talks between South Africa's major mining unions and PGM producers.
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LONDON, May 9- U.S. solar module maker and project developer First Solar illustrates wider industry efforts to secure new markets in a shift away from the United States and Europe.
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JOHANNESBURG, May 9- Anglo American's platinum arm, under pressure from South Africa's government, could announce a restructuring plan as early as Thursday that will sharply scale back job losses as it tries to balance out cost cuts and the threat of labour unrest.
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Julian Roberts, CEO of international long-term savings group, Old Mutual, tells CNBC that they¿ve reshaped there business to drive growth in Sub Saharan Africa, where sales grew by 18 percent.
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*Amplats overhaul vital to fortunes of Anglo American. JOHANNESBURG, May 9- Anglo American's platinum arm, under pressure from South Africa's government, is set to reveal a revised restructuring plan on Friday to sharply scale back planned job losses as it weighs the threat of labour unrest against cost savings.
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JOHANNESBURG, May 9- Anglo American's platinum arm, under pressure from South Africa's government, could announce a restructuring plan as early as Thursday that will sharply scale back job losses as it tries to balance out cost cuts and the threat of labour unrest.
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*First-quarter profit $0.37/ share vs $0.41 year ago. May 8- Energy drinks maker Monster Beverage Corp's sales missed analysts' estimates as the industry took a hit from concerns over the health risks of such drinks, sending its shares down 16 percent after the bell. FDA is investigating reports of five deaths that may be associated with Monster's energy drink.
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*First-quarter profit $0.37/ share vs $0.41 year ago. May 8- Monster Beverage Corp reported a 17 percent fall in quarterly profit due to higher operating expenses and costs related to distributor terminations and foreign currency transactions.
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*Last big debt restructuring related to Dubai's crisis. DUBAI, May 8- Dubai Group, an investment vehicle owned by the emirate's ruler, aims to secure a final agreement with creditors on its $10 billion debt restructuring by June 6, potentially ending marathon negotiations that have dragged on nearly three years.
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Pravin Jamnadas Gordhan and Ngozi Okonjo-Iweala, the finance ministers of South Africa and Nigeria, discuss the impact of euro zone turmoil and a slowing China on their countries.
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Shares in the major private hospital groups extended losses on news of the probe, with Life Healthcare dropping the most, trading down over 3 percent to 37.12 rand, its biggest decline in nearly five months.
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Shares in the major private hospital groups extended losses on news of the probe, with Life Healthcare dropping the most, trading down over 3 percent to 37.12 rand, its biggest decline in nearly five months.