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Glencore International PLC

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  • *Novo Nordisk up 13 pct after deciding to submit drug data. LONDON, March 27- A top index of pan-European shares was set for its biggest weekly drop of the year on Friday, although it snapped a sharp two-day losing streak following a surge in Danish pharmaceuticals firm Novo Nordisk. At 1446 GMT, the FTSEurofirst 300 index of top European shares was up 0.4 percent at...

  • *Russia's Rosneft to sell Trafigura up to 1.6 mln T in April. MOSCOW/ LONDON, March 27- Trafigura is emerging as the new king of Russian oil trading, expanding its deal with sanctions-hit Rosneft to export $500 million worth of crude in April from the Baltic, the Mediterranean and Pacific ports, market sources said. The move comes as European Union and U.S. sanctions...

  • *Novo Nordisk up 13 pct after deciding to submit drug data. PARIS/ LONDON, March 27- European stocks rose on Friday, halting a sharp two-day retreat and helped by a surge in Novo Nordisk and a renewed fall in the euro, which supported exporters. Denmark's Novo Nordisk jumped 13 percent after the pharmaceutical firm said it would submit interim data from a clinical...

  • NEW YORK, March 26- A U.S. judge on Thursday refused to dismiss antitrust litigation accusing a variety of Wall Street banks and commodity merchants of conspiring to drive up aluminum prices by reducing supply. District Judge Katherine Forrest in Manhattan said metals purchasers may pursue claims against affiliates of Goldman Sachs Group Inc, JPMorgan Chase&...

  • U.S. aluminum price-fixing lawsuit can go forward-judge Thursday, 26 Mar 2015 | 4:49 PM ET

    NEW YORK, March 26- A U.S. judge on Thursday refused to dismiss antitrust litigation accusing a variety of Wall Street banks and commodity merchants of conspiring to drive up aluminum prices by reducing supply. District Judge Katherine Forrest in Manhattan said aluminum purchasers may pursue claims against several defendants, including affiliates of...

  • PARIS, March 26- Margarita Louis-Dreyfus has tightened her control over Louis Dreyfus Commodities B.V., and said solid 2014 results showed the trading group could take its time in its almost year-long search for a new chief executive. The Russian-born billionaire said on Thursday her family trust, Akira, had raised its stake in Louis Dreyfus Holding to 80...

  • SANTIAGO, March 25- The world's number-one copper miner Codelco has suspended all mining operations in the north of Chile due to the state of roads and mine access following heavy rains in the area, the state-run firm told Reuters on Wednesday. Codelco said mining operations at Chuquicamata, Ministro Hales, Radomiro Tomic, Gabriela Mistral, and Salvador had all...

  • *Glencore's deals track record a mixed bag. LONDON, March 24- Just two weeks before Glencore can make a new approach for Rio Tinto, the rival that rejected it last summer, the Swiss firm once seen as a deal machine seems unlikely to strike again or charm investors with any other major move soon. While Rio Tinto and BHP have the largest, lowest cost iron ore assets in the...

  • Private sector data helps European shares recover Tuesday, 24 Mar 2015 | 7:48 AM ET

    *Lufthansa, Airbus down after plane crash. LONDON, March 24- The pan-European FTSEurofirst 300 index steadied near a recent 7-1/ 2- year high on Tuesday after falling earlier in the session, with forecast-beating economic data from Germany offsetting a poor reading of Chinese factory activity. However, Lufthansa and Airbus were down 4.7 percent and 2.1 percent...

  • LONDON, March 24- Someone has just rudely awoken the lead market from its months-long slumber. LME lead for three-month delivery spent 2013 and the first half of 2014 shuffling around in a range of $2,000- 2,300 per tonne. Since then it has drifted steadily downwards, culminating in last week's near five-year low of $1,676.50.

  • *Agreement is latest Chinese acquisition in Italy. MILAN, March 22 (Reuters)- China National Chemical Corp (ChemChina) is to buy into Pirelli, the world's fifth-largest tire maker, in a 7.1 billion-euro ( $7.7 billion) deal that will put the 143- year-old Italian company in Chinese hands. The deal agreed with Pirelli's top shareholders on Sunday is the latest in a...

  • *Agreement is latest Chinese acquisition in Italy. MILAN, March 22- China National Chemical Corp is to buy Pirelli, the world's fifth-largest tyre maker, in a 7.1 billion-euro deal that will put the 143- year-old Italian company in Chinese hands. The deal agreed with Pirelli's top shareholders on Sunday is the latest in a series of takeovers made in Italy by...

  • China slowdown pushes coal, iron ore to fresh lows Friday, 20 Mar 2015 | 4:00 AM ET

    By Henning Gloystein SINGAPORE, March 20- Key Asian mining markets are being thrown into crisis by China's slowdown and industrial reforms, with coal and iron ore prices falling this week to levels last seen before the global financial crisis. Benchmark Australian coal settled below $60 a tonne on Thursday, the lowest price since before 2008/ 2009. Prices of...

  • LONDON, March 18- The London Metal Exchange dropped something of a bombshell on its users last Monday when it warned it may have to suspend warranting activity at its Malaysian warehouses. The problem is Malaysia's introduction of a new Goods and Service Tax from April 1, 2015 and specifically whether it applies to LME-registered metal. Since a prerequisite...

  • WINNIPEG, Manitoba, March 16- Canada's Legumex Walker Inc, which operates a canola-crushing plant in Washington State, said on Monday that it might sell itself or make other strategic moves, sending its shares up as much as 16 percent. The Winnipeg- based company posted a loss of C $13.1 million for the first nine months of 2014 and had C $82.2 million in long-term...

  • JOHANNESBURG/ LONDON March 12- The sliding rand is a double-edged sword for mining companies in South Africa, with cost inflation, wage claims and potential labour unrest outweighing the gains that exporters traditionally derive from domestic currency weakness. The drop in the rand, near 13- year lows against the dollar, should benefit diversified mining...

  • MOSCOW, March 11- Glencore is to take a 49 percent stake in Russian oil producer Russneft as a result of a restructuring, its owner said on Wednesday, despite fears that an escalating conflict between Moscow and the West over Ukraine could lead to wider sanctions against the Kremlin. The non-cash transaction will convert shares Glencore has held for the past...

  • LONDON, March 11- Oil watchers have spent much of the last two months speculating about whether overproduction and the rapid accumulation of crude oil inventories in the United States would cause storage space to run out and trigger another fall in spot prices. Commercial crude stocks held at refineries, tank farms and in pipelines across the United States...

  • Traders cash out on tanker-stored oil as prices rise Sunday, 8 Mar 2015 | 11:22 PM ET

    SINGAPORE, March 9- Traders who have been storing oil since the start of the year are selling some supplies back into the market, completing a trade-play that made oil storage profitable, and re-injecting fuel into an already oversupplied market. The selling signals a winding down of a strategy that has seen at least 50 million barrels of oil stored in tankers,...

  • LONDON, March 6- It's over two years since Charles Li, chief executive of Hong Kong Exchanges and Clearing, threatened to use a "bazooka" on the long load-out queues at his new purchase, the London Metal Exchange. And that's about the time it still takes to get aluminium out of Detroit or Vlissingen, the two LME locations with embedded queues. The waiting time at Detroit...