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Glencore International PLC

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  • NEW YORK, March 4- A U.S. judge has dismissed 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 rejected claims brought by aluminum purchasers against several defendants including Goldman Sachs Group Inc, JPMorgan...

  • METALS-Nickel rallies after Chinese closures Wednesday, 4 Mar 2015 | 12:42 PM ET

    *US aluminum price-fixing claims vs LME, Glencore thrown out. LONDON, March 4- Nickel rebounded on Wednesday, breaking a string of four straight losing sessions, after reports of closures of nickel operations in China and despite a surge in inventories. Analysts at Macquarie Bank said nickel demand in China should get a boost from a government order to close some...

  • NEW YORK, March 4- A U.S. judge dismissed antitrust litigation accusing the parent of the London Metal Exchange, the large mining company Glencore Plc and two other foreign defendants of being part of a conspiracy among Wall Street banks and commodity merchants to drive up aluminum prices by reducing supply. District Judge Katherine Forrest in Manhattan ruled...

  • NEW YORK, March 4- A U.S. judge has dismissed the parent of the London Metal Exchange, Glencore Plc and two other foreign defendants from antitrust litigation accusing Wall Street banks and commodity merchants of conspiring to drive up aluminum prices by reducing supply. In a decision on Tuesday night, U.S. District Judge Katherine Forrest in Manhattan said she...

  • NYMEX-U.S. oil holds above $50 ahead of EIA data Tuesday, 3 Mar 2015 | 7:08 PM ET

    SINGAPORE, March 4- U.S. crude held on to overnight gains to stay above $50 a barrel on Wednesday, supported by geopolitical tensions in the Middle East and a rise in Saudi oil prices. *Saudi Arabia raised the official selling prices for its oil deliveries to Asia and the United States on Tuesday, in the latest signal OPEC's largest exporter is seeing signs of...

  • Europe closes lower; Barclays down 3% Tuesday, 3 Mar 2015 | 11:42 AM ET

    European equities closed lower on Tuesday as investors reacted to a slew of earnings news and economic data.

  • Glencore takes $1.1B charge on commodity prices Tuesday, 3 Mar 2015 | 3:16 AM ET

    Glencore took an impairment charge of $1.1 billion on lower commodity prices, as it posted a 2 percent fall in 2014 core profit.

  • *China markets reopen on Feb. 25. LONDON, Feb 20- Copper prices fell on Friday, pressured by a drop in the euro against the dollar, with trading volumes constricted by the absence of consumers in China where the market is closed for the Lunar New Year holiday. Markets in China, which consumes roughly 40 percent of global refined copper, will reopen on Feb. 25.

  • *China markets closed until Tuesday. *Asia aluminium premiums set to sag on China exports. LONDON, Feb 20- Copper slipped on Friday, pressured by a drop in the euro against the dollar, with trading volumes constricted by the absence of consumers in China where the market is closed for the Lunar New Year holiday.

  • Cyclone slams into northeast Australia Thursday, 19 Feb 2015 | 10:31 PM ET
    Surfers head out Snapper Rocks as Cyclone Marcia approaches the coast of Queensland on February 19, 2015 in Gold Coast, Australia.

    A powerful cyclone hits northeast Australia, causing massive damage and causing flash flooding, while a second storm made landfall to the west.

  • METALS-Copper eyes flat week with China buyers out Thursday, 19 Feb 2015 | 8:56 PM ET

    MELBOURNE, Feb 20- London copper edged down on Friday, after a solid U.S. labor report boosted the dollar, with prices set to close the week little changed amid the Lunar New Year holiday in top consumer China. A rebound from 5-1/ 2 year lows touched in mid January has run out of steam with top user China away from the market. *China's stock, bond, foreign exchange and...

  • BOGOTA, Feb 17- U.S.-based Drummond said it expects coal production in Colombia this year to reach about 30 million tonnes as it increases mining even as prices remain low, its Colombia president Jose Miguel Linares said on Tuesday. Colombia's second biggest coal miner produced about 26.8 million tonnes last year, up 17.5 percent from 2013. The company is...

  • LONDON, Feb 16- What to make of last week's mass cancellations of zinc at London Metal Exchange warehouses in New Orleans? A similar round of heavy cancellations in late December created a "flash" load-out queue for zinc at New Orleans. The fact that Pacorini, the warehousing arm of physical trading giant Glencore, dominates LME warehousing in New Orleans, only...

  • SANTIAGO, Feb 13- Chile's massive Collahuasi copper mine reactivated its main grinding mill on Friday after halting it earlier this week for minor maintenance work, the company told Reuters. Collahuasi, one of the world's largest copper mines, is a partnership between Glencore Plc and Anglo American Plc. Collahuasi produced 470,400 tonnes of copper last year,...

  • *Dividend unchanged at 85 cents per share. LONDON, Feb 13- Global miner Anglo American took a $3.9 billion writedown after commodity prices tumbled and it warned on Friday of more headwinds, but a steady dividend reassured investors. The company, however, left unchanged its dividend at 85 cents a share after cutting $500 million in overhead costs.

  • ACS renewables unit prices IPO at bottom of range Friday, 13 Feb 2015 | 3:22 AM ET

    MADRID, Feb 13- Saeta Yield, the renewable energy unit of Spanish builder ACS, on Friday priced its initial public offering at the bottom of its expected range to value the company at 852 million euros. The Saeta listing comes on the heels of the highly subscribed flotation of Spanish airport operator Aena earlier this week in Europe's biggest IPO since Glencore...

  • LONDON, Feb 13- Global miner Anglo American took a $3.9 billion writedown on Friday after commodity prices tumbled, mainly on its Brazilian iron ore operations, and warned of more headwinds. Anglo warned last month of a likely charge on last year's results and analysts had penciled in about $2- 3 billion. The bulk of the impairment, $3.5 billion, was on its Minas Rio...

  • Rio Tinto CEO: Time to build, not buy Thursday, 12 Feb 2015 | 9:16 AM ET
    A mine worker looks at a train loader at Rio Tinto Group's West Angelas iron ore mine in Pilbara, Australia.

    "Yes we look at build versus buy, ... but right now is not the time to go out and buying distressed assets," Rio Tinto CEO Sam Walsh tells CNBC.

  • MELBOURNE, Feb 12- Global miner Rio Tinto handed shareholders a $2 billion capital return on top of a higher than expected dividend on Thursday, despite reporting its worst half-year profit in two years. Rio Tinto Chief Executive Sam Walsh, under pressure to please investors to ward off a renewed takeover approach from rival Glencore Plc, said he was confident...

  • Rio Tinto plans $2 bln buyback as H2 profit dives Thursday, 12 Feb 2015 | 1:10 AM ET

    MELBOURNE, Feb 12- Global miner Rio Tinto said it would return $2 billion to shareholders through a buyback despite reporting a 30 percent slide in second-half profit on Thursday, its worst half year profit in two years. The world no.2 miner has been under pressure to please investors to ward off a fresh takeover approach from rival Glencore Plc, despite a slump in...