Financiers are grumbling that the U.S. is acting like an imperial power in punishing foreign banks for dealings beyond U.S. territory.» Read More
KHABAROVSK, Russia, June 27- Rosneft signed its second major agreement with BP on Friday since sanctions were imposed on the Russian oil company's chief executive, a close ally of President Vladimir Putin, over the Ukraine crisis. The signing followed an agreement in by BP and Rosneft in May to jointly explore for tight oil in Russia.
CARACAS, June 26- Colombia's biggest coal miner, Cerrejon, said late on Thursday it was transporting coal again from its mine to port after protesters ended a six-day blockade on its private railway line that took the company to the brink of defaulting on shipments.
CARACAS, June 26- Protesters blocking the railroad of Colombia's largest coal miner, Cerrejon, ended their protest late on Thursday after reaching an agreement with the company, the manager of the third-party contractor that employs them told Reuters. The company is a joint venture between Anglo American Plc, BHP Billiton and Glencore Xstrata Plc.
June 26- Patrice Merrin, a Canadian mining executive, has withdrawn from the slate of directors nominated by activist investor Casablanca Capital to the board of Cliffs Natural Resources Inc after she was appointed to the board of Glencore Plc, Casablanca said on Thursday.
*Glencore had been criticised for lack of female directors. *Patrice Merrin holds number of other industry posts. LONDON, June 26- Commodity trader and miner Glencore Plc, the last London- listed blue-chip company with an all-male board, has appointed Patrice Merrin as its first female board director.
LONDON, June 26- Glencore, the last British blue-chip company with an all male board, has appointed Patrice Merrin as its first female board director. In May, Glencore chairman and former BP boss Tony Hayward said that the company would appoint a female director by the end of the year.
*GDF-Suez sags as France sells stake at bottom of range. PARIS, June 25- European shares dropped on Wednesday, mirroring a pull-back on Wall Street and in Asia as mounting worries over violence in Iraq prompted investors to book profits after a strong run.
June 23- Augusta Resource Corp said it agreed to be bought by HudBay Minerals Inc after the company raised its offer to buy Augusta shares it does not already own. The offer price of about C $3.56 per Augusta common share represents a premium of about 11 percent to Augusta's Friday close on the Toronto Stock Exchange.
*China's CITIC Resources says unable to secure some metal. SYDNEY/ SHANGHAI June 23- Shaken by a fraud investigation into metal financing in the world's seventh-busiest port, banks and trading houses have been made painfully aware of the risks they face storing commodities in China's sprawling warehouse sector.
*Companies need to spend billions to expand in Chile. SANTIAGO/ LONDON, June 16- As top copper producer Chile starts to lose market share, players are betting on fledging suppliers to help feed hunger for the red metal, but no single country is likely to replicate the South American nation's boom of the last century.
SINGAPORE, June 16- Commodity trading giant Trafigura said its first-half net profit jumped 24 percent, driven by a rise in volumes in its oil and bulk businesses, and forecast solid margins and volume growth for the second half.
LONDON, June 5- Another quarter and another record premium level for Japanese aluminum buyers. The premium over the London Metal Exchange cash price for third-quarter shipments to Asia's largest importer seems to be settling around the $400 per tonne level, up from $365- 370 in the current quarter.
LONDON, June 5- Another quarter and another record premium level for Japanese aluminium buyers. The premium over the London Metal Exchange cash price for third-quarter shipments to Asia's largest importer seems to be settling around the $400 per tonne level, up from $365- 370 in the current quarter.
SYDNEY/ SHANGHAI, June 5- Global trading houses and banks were scrambling to check on their exposure to a probe into metal financing at China's Qingdao port, as concerns grow that a crackdown into commodity financing could hit trade in the world's top metal buyer. Standard Chartered on Thursday became the latest to say it was monitoring the situation at Qingdao.
Lloyds, along with Deutsche Bank, HSBC and Bank of China was a mandated lead arranger on the loan to finance BP's purchase of crude oil and refined products from Rosneft.
*Weir dropped bid for Metso this week. *Omnicom and Publicis cancelled merger plan. LONDON, May 30- Investors looking for big merger-driven gains on Europe's stock markets this year are having to temper their expectations after a number of multi-billion euro deals have fizzled out.
LONDON, May 29- It's hard not to have a grudging respect for Brazil's Vale when it comes to the company's Goro nickel project in New Caledonia. Others would surely have walked away from what must be one of the most problematic start-ups in the history of base metals. Until Jan. 12 this year it was, however, just Vale's problem.
MOSCOW, May 29- John Mack, a former chief executive and chairman of Morgan Stanley, has decided to leave the board of Russia's top oil producer, Rosneft, for personal reasons, the Kremlin-controlled company said on Thursday.
MOSCOW, May 29- John Mack, a former chief executive and chairman of Morgan Stanley, has left the board of Russia's top oil producer, Rosneft, for personal reasons, the Kremlin-controlled company said on Thursday.
--Clyde Russell is a Reuters columnist. The cost of producing about half of Australia's thermal coal and about 45 percent of its coking coal is above the prevailing prices, Morgan Stanley said in a report on Monday.