NEW YORK— Gold prices settled higher for the first time in a week as tensions between Russia and Ukraine give the precious metal some support. Russia warned Wednesday that it would mount a firm response if its citizens or interests come under attack in Ukraine. The next day, Ukraine and Russia agreed on tentative steps to calm unrest along their shared border.» Read More
*Copper 2014 term deals seen at China CESCO next week. LONDON, Nov 15- Copper hovered near three-month lows on Friday on persistent worries about the tapering of monetary stimulus in the United States and after data showed a slowdown in infrastructure spending in the Chinese power sector.
*Copper 2014 term deals seen agreed at China CESCO next week. LONDON, Nov 15- Copper hovered near three-month lows on Friday on persistent worries about stimulus tapering in the United States and after data showed a slowdown in infrastructure spending in the Chinese power sector.
Edmund Shing, global equity portfolio manager at BCS Financial Services, says small caps are more exposed to domestic economic improvement in the U.S.
*PIMCO trims SPDR Gold Trust for 4 straight quarters. NEW YORK, Nov 14- Hedge fund Paulson& Co maintained its stake in SPDR Gold Trust, the world's biggest gold-backed exchange-traded fund, in the third quarter after slashing its stake by more than half in the second quarter when bullion prices plummeted.
Nov 14- Turquoise Hill Resources Ltd said Thursday it was planning a rights offering of up to $2.4 billion, citing delays at Rio Tinto's Oyu Tolgoi copper and gold mine in Mongolia that have stopped it from financing the mine's next phase.
*Severstal to focus on steel sales within Russia. LONDON, Nov 14- Russia's second-biggest steel producer, Severstal, said global steel prices may have reached their lowest point, though a recovery will be slow and average prices in 2014 are likely to be close to levels seen this year.
WARSAW, Nov 14- Poland is struggling to make "coal" less of a dirty word as it hosts U.N. talks on slowing global warming that usually focus mostly on phasing out fossil fuels in favour of renewable energies such as solar and wind power.
*Mechel in talks with banks on debt restructuring. MOSCOW, Nov 14- Russia's central bank ruled on Thursday that nearly $2 billion in rouble bonds issued by mining group Mechel are effectively worthless, deepening the company's debt crisis a day after its shares slumped to an all-time low.
*Mechel in talks with banks on debt restructuring. MOSCOW, Nov 14- Russia's central bank has ruled that nearly $2 billion in rouble bonds issued by mining group Mechel are effectively worthless, deepening the company's debt crisis a day after its shares slumped to an all-time low.
BEIJING, Nov 13- Royal Dutch Shell and China's Sinopec Corp are drilling exploration wells to test shale potential in central China, where little prospecting for the fuel has been done, company officials said on Thursday.
MOSCOW, Nov 14- Russia's central bank said on Thursday that bonds issued by mining group Mechel would be zero-rated as collateral, effectively ruling out their use in refinancing operations.
FRANKFURT, Nov 14- Germany's Salzgitter said on Thursday that any green shoots of economic recovery in Europe were so far eluding the steel sector because of oversupply, reaffirming its full-year outlook for the pretax loss to quadruple.
SINGAPORE, Nov 14- Strict rules on gold imports are succeeding in curbing demand from India, with the nation likely to lose its crown as the world's biggest consumer of the precious metal to China, the World Gold Council said.
WASHINGTON, Nov 14- President Barack Obama is set to tout the U.S. economic recovery during a visit to an Ohio steel mill on Thursday even as he faces more questions about the troubled rollout of his signature healthcare law.
Nov 13- Kinross Gold Corp said on Wednesday it is making further cuts to its employee numbers and capital spending as the Toronto- based gold miner reported a steep drop in third-quarter earnings, hurt by weaker gold prices. Gold prices, trading at $1,272 on Wednesday, have fallen 24 percent this year.
MELBOURNE, Nov 14- Rio Tinto is set to submit a mine plan to U.S. authorities this week for its $6 billion Resolution project in Arizona, which could become the largest copper producer in North America, a spokesman said on Thursday.
LONDON, Nov 13- Copper tumbled to its lowest level in three months on Wednesday after a U.S. People are coming out of the woodwork, "said Vicky Sanders, head of analytics sales at broker Marex Spectron in London. Three-month copper on the London Metal Exchange closed down 2 percent at $6,980 a tonne, after touching a low of $6,956, the weakest since Aug. 7.
MOSCOW, Nov 13- Russian mining group Mechel lost 40 percent of its market value in Moscow on Wednesday, hit by concerns over a proposed debt restructuring that the company called speculative.
LONDON, Nov 13- Copper tumbled to its lowest level in three months on Wednesday after a U.S. People are coming out of the woodwork, "said Vicky Sanders, head of analytics sales at broker Marex Spectron in London.
CALGARY, Nov 13- Canada on Wednesday renewed its attack on the European Union's plan to classify Canadian tar sands oil as particularly dirty and released a study questioning the data behind the controversial measure. Canada has the world's third-largest proven reserves of crude, much of which is locked in the tar sands of Alberta.