HONG KONG/ SYDNEY, Dec 9- Bankers in Australia have much to cheer this Christmas as fees from underwriting IPOs surge 10- fold this year, and many are now betting on an equally active year in 2014 as a slew of private equity exits keep the market busy.» Read More
*Agrees to sell North American gypsum unit to Lone Star. NEW YORK/ LONDON June 24- Lafarge, the world's largest cement maker, has agreed to sell its North American gypsum business to U.S. private equity firm Lone Star for $700 million as part of efforts to refocus and cut debt.
*Analysts estimate business worth more than $2 billion. MELBOURNE/ LONDON, June 24- Rio Tinto Ltd has scrapped the proposed sale of its $1.3 billion diamonds business, denting its plan to divest mines as it tightens operations during an industry downturn.
June 24- Major oil Canadian pipelines that move almost 1 million barrels per day of Alberta oil sands crude, much of it bound for the United States, remained shut on Monday after a spill on a smaller line was discovered on the weekend, a spokesman for operator Enbridge Inc said.
*Agrees to sell North American gypsum unit to Lone Star. By Greg Roumeliotis and Anjuli Davies. NEW YORK/ LONDON June 24- Lafarge, the world's largest cement maker, has agreed to sell its North American gypsum business to U.S. private equity firm Lone Star for $700 million as part of its drive to divest non-core activities and cut debt.
*China credit squeeze, slower economy may hurt demand. SINGAPORE, June 24- London copper dropped to its weakest level in nearly 21 months on Monday, falling for a fifth session out of six on a firmer dollar and worries over top consumer China where a liquidity squeeze may curb demand already hit by slower growth.
*China credit squeeze, slower economy may hurt demand. SINGAPORE, June 24- London copper futures dropped for a fifth session out of six on Monday and stayed near 20- month lows, hurt by a firmer dollar and worries over top consumer China where a liquidity squeeze could curb demand already hit by slower economic growth.
*Diamonds sale pulled after 15 months. MELBOURNE, June 24- Rio Tinto Ltd has scrapped the proposed sale of its $1.3 billion diamonds business, a setback for its plan to sell a swag of mines and company stakes to tighten operations during a global industry downturn.
SINGAPORE, June 24- London copper futures dropped for a fifth session out of six on Monday and stayed near 20- month lows, hurt by a firmer dollar and worries over slower demand in top consumer China. *The most-traded October copper contract on the Shanghai Futures Exchange was down 0.4 percent at 48,950 yuan a tonne.
*London copper hits lowest since Oct. 2011. SINGAPORE, June 21- London copper rebounded from a 20- month low hit in an early session on Friday, but was still on track for a third weekly fall on fears of a slowdown in China's economic growth, while Shanghai futures dropped about 3 percent.
*London copper hits lowest since Oct. 2011. SINGAPORE, June 21- London copper fell to a 20- month low on Friday before bouncing slightly, while Shanghai futures dropped more than 2 percent on fears of a slowdown in China's economic growth. The most-traded copper contract on the Shanghai Futures Exchange dropped 1.16 percent to 49,340 yuan a tonne.
LONDON, June 20- Copper fell to its lowest level in 20 months, hit by further evidence that the economy of top metals consumer China is slowing down and the U.S. Financial markets tumbled after Fed chairman Ben Bernanke confirmed that U.S. economic growth was strong enough to begin tapering its $85 billion in monthly asset purchases later this year.
LONDON, June 20- Copper fell to a fresh 1-1/ 2 month low on Thursday, hit by the U.S. Federal Reserve's intention to begin scaling back stimulus measures later this year and further evidence that the economy of top metals consumer China is slowing down. China is the world's top consumer of copper, accounting for around 40 percent of global refined demand.
*London copper falls 1 pct, Shanghai down 1.6 pct. *China's June flash HSBC PMI hits 9- month low. SINGAPORE, June 20- London copper slid to an almost seven-week low on Thursday, dragged down by the U.S.
SINGAPORE, June 20- London copper fell to a near seven-week low on Thursday after U.S. Federal Reserve Chairman Ben Bernanke signalled the central bank would likely start reducing its stimulus measures later this year. *The most-traded copper contract on the Shanghai Futures Exchange eased 1.2 percent to 50,160 yuan a tonne.
SINGAPORE, June 20- Gold fell for a fourth straight session on Thursday to its lowest in a month after the Federal Reserve said the U.S. economy was recovering strongly enough for the central bank to slow the pace of bond purchases later this year. *Spot gold fell 0.4 percent to $1,344.9 an ounce by 0013 GMT, after falling 1.2 percent on Wednesday.
*Copper price touches lowest level since May 3. NEW YORK/ LONDON, June 19- Copper slid to six week lows on Wednesday after Federal Reserve chief Ben Bernanke outlined plans for reining in the U.S. central bank's massive bond-buying program, comments that boosted the dollar and knocked assets considered more risky.
NEW YORK/ LONDON, June 19- Gold fell to a one-month low on Wednesday after the U.S. The precious metal fell further after Fed Chairman Ben Bernanke said at a later press conference on the Fed's decision that "The committee currently anticipates that it will be appropriate to moderate the monthly pace of purchases later this year."
MELBOURNE/ JAKARTA, June 19- Australia's Intrepid Mines Ltd is learning that business in Indonesia is personal as it wages a difficult fight to win back rights to a $5 billion copper and gold prospect in East Java.
*Three-month copper on the London Metal Exchange was almost flat at $7,005 a tonne by 0113 GMT, after falling on Tuesday to its lowest since May 3 at $6,965.
RIO DE JANEIRO, June 18- Brazil, a major producer of iron ore, gold, copper and other metals, unveiled a long-awaited bill to reform its 46- year-old mining code on Tuesday, proposing a doubling of the current top royalty rate and stricter rules for opening new mines.