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Stocks Glencore International PLC

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  • *Glencore's coal mine unit in cash-crunch due to Eskom deal. JOHANNESBURG, Aug 20- Glencore's South African coal mining subsidiary suspended its supply agreement with national power utility Eskom on Thursday while the mining unit undergoes a financial rescue programme, its administrators said. The Glencore unit sells half its output to Eskom's 2,000-...

  • European stocks sink as Greece, Fed, oil weigh Thursday, 20 Aug 2015 | 11:37 AM ET
    An employee talks on the phone as he views trading screens at the offices of Panmure Gordon and Co.

    European markets closed sharply lower on Thursday, as traders digest the latest minutes from the U.S. Federal Reserve and concerns over oil, Greece and China's growth continued.

  • JOHANNESBURG, Aug 20- Kazakh copper producer Kaz Minerals cut its cost forecasts for the year, helped by a weaker tenge currency, and the prospect of more benefits sent its shares soaring on Thursday. Kaz, which is listed on the stock market in London, said the decision to introduce a floating exchange rate in Kazakhstan announced on Thursday could help it to lower...

  • LAUNCESTON, Australia, Aug 20- Take two top mining executives and ask them about China. "difficult to call at the moment with what we see in China," Glasenberg said. "That's the one we are all struggling to read, demand in China."

  • Gold prices extended gains on Wednesday, after minutes from last month's Fed meeting hinted to a decreased likelihood for a rate hike in September.

  • NEW YORK/ LONDON, Aug 19- Gold prices extended gains to a one-month high on Wednesday, after minutes from last month's U.S. "Clearly the gold bulls think September is off the table, and growth and currency risks are the next hurdle," said Phillip Streible, senior market strategist for brokerage RJO Futures in Chicago. Spot gold was up 1 percent at $1,128.66 an ounce at...

  • LONDON, Aug 19- Copper slid to a six-year low below $5,000 a tonne on Wednesday as a plunge in oil prices added to persistent concerns about slowing growth in China, where authorities intervened for a second day to calm volatile stock markets. Chinese stocks reversed sharp declines to end higher after the central bank injected more funds into the financial...

  • Europe traded sharply lower on Wednesday as investors awaited the minutes of the Fed's meeting last month and oil prices tumbled.

  • Are copper prices reaching a bottom? Wednesday, 19 Aug 2015 | 11:20 AM ET
    Are copper prices reaching a bottom?

    John Meyer, analyst for SP Angel, reacts to Glencore's "disappointing" earnings and discusses where metal prices are headed.

  • European stocks extend drop after U.S. inflation data Wednesday, 19 Aug 2015 | 10:48 AM ET

    *Glencore also down after earnings drop. LONDON, Aug 19- European stock markets fell on Wednesday, extending a recent losing streak after U.S. inflation data supported expectations of a rate rise, while brewer Carlsberg slumped after cutting its outlook. News that German lawmakers had voted to back a third bailout for Greece had little positive effect, with the...

  • LONDON, Aug 19- Gold prices rose 1 percent on Wednesday as concerns over the Chinese economy knocked equities, and ahead of minutes of the Federal Reserve's last policy meeting, which could give fresh clues on whether U.S. interest rates will rise next month. Spot gold was up 0.8 percent at $1,126.38 an ounce at 1158 GMT, having touched a one-month high at $1,129.01.

  • More signs global commodity slowdown's here to stay Wednesday, 19 Aug 2015 | 10:15 AM ET
    Traders at the New York Mercantile Exchange.

    The news in the commodities business is not showing any signs of improving following Glencore's report of a first-half loss.

  • JOHANNESBURG, Aug 19- Miner and commodities firm Glencore cut its forecast on Wednesday for earnings from trading, a division meant to help cushion the company against tumbling commodities prices, sending its shares to record lows. Glencore said tough market conditions, especially for aluminium and nickel, were hurting the business even though it had...

  • Glencore tanks 8%, hit by commodity rout, China Wednesday, 19 Aug 2015 | 6:24 AM ET

    Glencore has posted a 29 percent fall in first-half earnings on sliding metal and oil prices.

  • LONDON, Aug 19- Gold rose on Wednesday as cautious investors shied away from the dollar ahead of U.S. inflation data and minutes of the Federal Reserve's last policy meeting, awaiting fresh clues on whether interest rates will rise next month. However, mixed U.S. data and worries over global growth and stability after China devalued the yuan last week have...

  • *Barclays sees rising risk copper prices could fall. MELBOURNE, Aug 19- London copper revived on Wednesday, but did not stray far from the $5,000 mark and near six-year lows struck in the previous session, as China's sharemarket stabilised, which soothed China bears fearing a worsening financial rout. Three-month copper on the London Metal Exchange had edged up...

  • Miners: More production restraint needed Wednesday, 19 Aug 2015 | 4:00 AM ET
    Miners: More production restraint needed

    Paul Renken, chief geologist and mining analyst at VSA Capital, gives his reaction to Glencore's earnings.

  • Embattled trader Noble fights back, to limited effect Tuesday, 18 Aug 2015 | 3:47 AM ET
    A worker walks among coils of galvanized steel at the ArcelorMittal Eko Stahl steelworks in Germany

    After months of critics' attacks, Noble clocked a marathon presentation Monday, but it isn't clear the message went the distance.

  • Good time to buy Glencore: Analyst Monday, 17 Aug 2015 | 4:15 AM ET
    Good time to buy Glencore: Analyst

    Paul Gait, senior research analyst of metals and mining at Sanford Bernstein, explains how companies are taking advantage of the mining sector.

  • LONDON, Aug 14- You don't hear so much about the load-out queues in the London Metal Exchange's warehouse system these days. It's not that the queues to take delivery of aluminum from Detroit and Vlissingen have disappeared. As of the end of last month the waiting time at Detroit was still 328 days and that at the Dutch port 327 days.