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  • SINGAPORE, March 5- U.S. crude was trading comfortably above $51 a barrel on Thursday, after comments by Saudi's oil minister predicting a floor for prices and as Iran nuclear talks hit a bump. President Barack Obama' s demand that it freeze sensitive nuclear activities for at least 10 years but said it would continue talks on a deal, Iran's semi-official Fars news...

  • HOUSTON, March 4- Labor leaders and oil company representatives will resume face-to-face talks on Monday in Houston in a bid to agree on a new contract that would end the biggest U.S. refinery strike in 35 years, the United Steelworkers union said on Wednesday. The protracted strike has prompted at least some workers in Texas to return to their jobs.

  • RIO DE JANEIRO, March 4- Brazilian steelmaker Gerdau SA on Wednesday posted quarterly earnings that beat economists' estimates, sending its shares rallying more than 4 percent on the Sao Paulo stock exchange. Gerdau's sales dropped in line with an economic slowdown in Brazil and other Latin American countries, but a weaker real boosted foreign currency...

  • HOUSTON, March 3- Personal friendships are turning sour as some workers cross picket lines in the lingering U.S. refinery strike, with companies pushing laborers to return to work by saying they could lose their bonuses. A month into the biggest U.S. refinery walkout in 35 years, money is tight as strike pay from the United Steelworkers union is a fraction of normal...

  • SHANGHAI, March 2- China's environmental ministry has ordered local governments in two key steel-producing cities to take tougher action against polluters from the sector as part of efforts to improve air quality. Inspectors from China's Ministry of Environmental Protection last week summoned mayors from the cities of Linyi in the eastern province of...

  • HOUSTON, Feb 27- Negotiations to settle the largest U.S. refinery strike are set to resume on March 4, the union and lead oil company negotiator said on Friday, the 27th day of the work stoppage. Talks between Shell Oil Co, the U.S. arm of Royal Dutch Shell Plc and the United Steelworkers union broke off on Feb. 20 after refinery owners balked at a settlement.

  • KAYSERI, Turkey, Feb 27- President Tayyip Erdogan's tirades against the central bank may be stoking turmoil in Turkish financial markets, but they are winning praise from a class of industrialists who have thrived over the past decade and see him as a pillar of their success. "Without the economic policies of last ten years, without the political stability, and the...

  • By Manolo Serapio Jr SINGAPORE, Feb 27- Shares in China's steelmarkers outshone long-time international rivals in 2014 as Chinese mills overwhelmed buyers with cheap prices. Shares of Hebei Iron and Steel, the listed unit of top Chinese producer Hebei Steel Group, soared more than 90 percent last year. While those gains mirrored the broader rally in Chinese...

  • HOUSTON, Feb 26- The United Steelworkers union and lead refinery owner representative Shell Oil Co discussed on Thursday a possible resumption of face-to-face negotiations to settle the U.S. refinery strike, which was in its 26th day, people familiar with the discussions told Reuters. No date had been set as of Thursday for resuming direct meetings, the sources...

  • Ampco-Pittsburgh reports 4Q loss Thursday, 26 Feb 2015 | 7:21 PM ET

    PITTSBURGH _ Ampco-Pittsburgh Corp. on Thursday reported a loss of $2 million in its fourth quarter. The Pittsburgh- based company said it had a loss of 20 cents per share. For the year, the company reported a loss of $1.2 million, or 11 cents per share, swinging to a loss in the period.

  • Olympic Steel reports 4Q loss Thursday, 26 Feb 2015 | 6:51 AM ET

    HIGHLAND HILLS, Ohio _ Olympic Steel Inc. on Thursday reported a loss of $26.9 million in its fourth quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share. Olympic Steel shares have dropped 22 percent since the beginning of the year.

  • HOUSTON, Feb 25- The largest U.S. refinery strike since 1980 continued through its 25th day on Wednesday with no movement toward renewed talks to end a walkout by 6,550 union workers at 15 plants, including 12 refineries accounting for one-fifth of domestic capacity. A spokesman for lead refinery owner representative Shell Oil Co, the U.S. arm of Royal Dutch Shell...

  • HOUSTON, Feb 24- United Steelworkers union International President Leo Gerard said on Tuesday that the U.S. refinery strike could spread if talks do not resume soon. "depends on what happens in the next round of negotiations and that those negotiations resume fairly quickly," Gerard in a telephone news conference from Atlanta. No date has been set to resume talks...

  • Union chief says U.S.refinery strike could spread Tuesday, 24 Feb 2015 | 11:33 AM ET

    HOUSTON, Feb 24- United Steelworkers union International President Leo Gerard said on Tuesday that the U.S. refinery strike could spread if talks do not resume soon. A total of 6,550 USW members are on strike at 15 plants, including 12 refineries accounting for one-fifth of U.S. capacity. "depends on what happens in the next round of negotiations and that those...

  • HOUSTON, Feb 23- Talks to end the largest U.S. refinery strike in 35 years are not expected to resume this week, sources familiar with the negotiations said on Monday after the number of plants hit by walkouts increased over the weekend. The halt in talks comes after the USW pulled workers from three Motiva Enterprises LLC refineries in Louisiana and Texas...

  • HOUSTON, Feb 23- Talks to end the largest U.S. refinery strike in 35 years are not expected to resume this week, sources familiar with the negotiations said on Monday after the number of plants hit by walkouts increased over the weekend. Face-to-face meetings between the United Steelworkers union and lead refinery owner representative Shell Oil Co, the U.S. arm of...

  • WASHINGTON, Feb 23- The International Monetary Fund on Monday signed off on a three-year, 1.2 billion euro loan program for Serbia to help the eastern European country restore its financial health and reassure investors. The IMF said Serbia plans to treat the funds as precautionary, as it seeks to deal with a ballooning deficit and public debt since the onset of...

  • *Over 70 pct of top firms seeing improvement in Europe. LONDON/ PARIS, Feb 23- Signs of a long-awaited recovery in Europe are starting to show through in the profits of leading global companies, even if their bosses are still giving most of the credit to strong demand in Asia or the United States. Reuters has analysed comments from more than 50 of the biggest companies...

  • --Clyde Russell is a Reuters columnist. LAUNCESTON, Australia, Feb 23- Iron ore should go back to the future and reinstate annual contract pricing, according a former executive of top miner Rio Tinto. This changed, largely at the behest of former BHP Billiton chief executive Marius Kloppers, who wanted to take advantage of a shortage of supply to generate higher...

  • HOUSTON, Feb 22- The largest U.S. refinery strike in 35 years entered its fourth week on Sunday as workers at 12 refineries accounting for one-fifth of national production capacity were walking picket lines. Wal-Mart Stores Inc has said its U.S. workers will get a raise to at least $9 an hour, while West Coast port workers have reached a tentative deal for a new...