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Glencore International PLC

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  • Jan 27- Coal miner Peabody Energy Corp slashed its quarterly dividend as it strives to rein in costs amid tepid demand, due to expectations that prices of natural gas, a cheaper alternative to steam coal, would remain weak in 2015.. The miner cut its quarterly dividend by 97 percent to 0.25 cents per share from 8.5 cents, sending its stock plunging as much as 9 percent...

  • SINGAPORE, Jan 23- The state oil firm of the Republic of Congo has this month opened an oil marketing office in Singapore as it targets Southeast Asian buyers for crude output due to come onstream next year, a company official said. Like other African oil producers such as Nigeria and Angola, the Republic of Congo has in recent years seen crude export flows shift to...

  • *Zambia to choose new president Tuesday after Sata's death. NDOLA, Zambia, Jan 19- Zambia's copper industry, the spluttering motor of one of Africa's fastest-growing economies, has been at the heart of campaigning for Tuesday's presidential election and poses a big headache for the country's next leader. Zambia averaged 6-7 percent growth over the last decade...

  • Commodities traders' costs soar with Swiss franc's leap Thursday, 15 Jan 2015 | 2:29 PM ET

    LONDON, Jan 15- A dramatic rise in the value of the Swiss franc sent costs soaring for the country's commodity trading houses on Thursday, adding to pressures from tax and regulatory uncertainty that has already pushed many abroad. The Swiss National Bank shocked financial markets on Thursday by scrapping a three-year-old cap on the franc, sending the...

  • Copper "is reflecting new and ominous signs about the health of China's economy. Copper "for nothing," said Jeffrey Gundlach, co-founder of DoubleLine Capital, which oversees $64 billion in assets under management. To Daniel Alpert, founding managing partner of investment banking firm Westwood Capital LLC, the plunge in the price of oil, and now copper, is a clearer...

  • LONDON, Jan 14- Cuts in copper mine output are raising doubts about the extent of a widely expected global surplus that has driven down prices, and the reduced production could support a market rebound. "The market is not going to be as over-supplied as we had originally thought after several announcements on cutbacks," said Vivienne Lloyd, base metals analyst at...

  • LONDON, Jan 14- Copper slid to a 5-1/ 2 year low on Wednesday after a downward revision to global growth by the World Bank and big falls in oil prices amplified recent fears about the outlook for the economy and demand, triggering a wave of stop-loss selling. LME copper prices fell to their lowest since July 2009 at $5,353.25 a tonne in intraday trade, before paring...

  • Big global copper surplus? Mine cutbacks force rethink Wednesday, 14 Jan 2015 | 11:27 AM ET

    LONDON, Jan 14- Cuts in copper mine output are raising doubts about the extent of a widely expected global surplus that has driven down prices, and the reduced production could support a market rebound. "The market is not going to be as over-supplied as we had originally thought after several announcements on cutbacks," said Vivienne Lloyd, base metals analyst at...

  • Europe shares sink on mounting worries over global growth Wednesday, 14 Jan 2015 | 10:33 AM ET

    PARIS, Jan 14- European shares sank on Wednesday, knocked down by worries over the pace of global growth fueled by grim U.S. retail sales data and as the World Bank cut its forecast for growth. Shares in mining giants tumbled, with Glencore down 10.5 percent and hitting a record low, and Anglo American falling 9.6 percent, while copper prices tumbled 6 percent as...

  • Dow futures down nearly 250 pts; retail disappoints Wednesday, 14 Jan 2015 | 8:42 AM ET
    A trader works on the floor of the New York Stock Exchange.

    U.S. stock index futures signaled a lower open on Wednesday, as weak oil prices hit copper and mining stocks and investors awaited bank earnings.

  • GLOBAL MARKETS-Markets slump on gloomy growth outlook Wednesday, 14 Jan 2015 | 8:34 AM ET

    *World Bank cuts growth forecasts, deflation fears grow. LONDON, Jan 14- Financial and commodities markets slumped on Wednesday after the World Bank cut its growth forecasts for 2015 and 2016, fueling fears that the benefits of cheaper oil may be offset by anemic economies and the threat of deflation. Market nerves were soothed somewhat after a top adviser to the...

  • *FTSEurofirst 300 down 0.6 pct after World Bank move. LONDON, Jan 14- European shares fell on Wednesday, mirroring a slump in copper and oil prices after the World Bank cut its global growth forecast for this year. The World Bank on Tuesday lowered its global growth forecast for both 2015 and 2016 due to disappointing economic prospects in the euro zone, Japan and...

  • Europe shares fall as growth fears hit energy, miners Wednesday, 14 Jan 2015 | 3:06 AM ET

    LONDON, Jan 14- European shares fell at the open on Wednesday, mirroring a slump in copper and oil prices after the World Bank cut its global growth forecast for this year.

  • Home@ LONDON, Jan 7- A new year it may be but the London Metal Exchange will spend a large part of it grappling with the same old problems afflicting its global warehousing system. Waiting times to remove metal from log-jammed locations will have flexed out again over the course of December, given last month's large cancellations of aluminium at the Dutch port of...

  • SYDNEY, Jan 5- Glencore Plc on Monday said it was restarting coal mining operations in Australia, following a three-week suspension aimed at combating a global supply glut made worse by protectionist trade measures introduced in China. World thermal coal trade is estimated to have declined by 4.5 per cent to 1.023 billion tonnes in 2014, driven largely by...

  • *Average rents for all metals to rise by 3.5 pct. LONDON, Dec 31- Warehouses registered by the LME will raise average rental rates for aluminum by 3.6 percent in 2015, partly offsetting the impact of falling load-out queues. As a result, warehouse owners will from April 1 next year raise average rental charges by 3.5 percent- weighted according to the size of their...

  • *Average rents for all metals to rise by 3.5 pct vs 3 pct. LONDON, Dec 31- Warehouses registered by the LME will raise average rental rates for aluminium by 3.6 percent in 2015, more than double the increase for the previous year, partly offsetting the impact of falling load-out queues. As a result, warehouse owners will from April 1 next year raise average rental...

  • OSLO, Dec 22- Greenhouse gas emissions by the world's top 500 companies rose 3.1 percent from 2010 to 2013, far off the cuts urged by the United Nations to limit global warming, a study showed on Monday. The top 500 firms by capitalisation accounted for 13.8 percent of world greenhouse gas emissions and 28 percent of gross domestic product in 2013, according to the...

  • *Copper tracks oil lower after Saudi minister comments. LONDON, Dec 22- Copper dipped on Monday after oil prices retreated and as worries over growth in top consumer China persisted, though a trimming back of surplus forecasts for next year limited losses. Copper prices changed direction after oil resumed its slide after Saudi Arabia's oil minister said OPEC...

  • *Copper surplus forecasts for 2015 being trimmed back. *Copper heading for double-digit pct drop in 2014. LONDON, Dec 22- Copper steadied on Monday as a recovery in oil and global equities helped solidify the view that the metal looked relatively cheap following recent steep price drops, though worries over growth in top consumer China persisted.