Downward revisions from the Asian Development Bank and ratings cuts for miners dragged stocks lower on Tuesday.» Read More
European shares closed higher on Thursday afternoon after stronger-than-expected U.S. jobs data.
European shares ended mostly flat on Wednesday, bouncing off intraday lows as many investors used the early dip to boost their exposure to equities.
Gold edged up, but trailed platinum's rise, helped by gains in agricultural and energy prices.
European shares ended higher on Tuesday, as investors bet that U.S. Democrats and Republicans will reach a deal to avoid a "fiscal cliff" of year-end austerity measures.
LONDON, Nov 1- Mining group Anglo American is starting the search for a new chief executive to replace Cynthia Carroll and take on what analysts and investors say is one the toughest jobs in the resources sector. South Africa, for its part, has indicated it would prefer a South African for the job. *Rene Medori, finance director, 55.
LONDON, Oct 29- The departure of Anglo American's chief executive has revived talk of radical ways for the miner to boost its flagging share price, even going as far as a break-up of the group.
*BHP's Vanselow, Xstrata's Davis in frame as replacements. LONDON, Oct 26- Anglo American's Chief Executive Cynthia Carroll has quit after more than five years in the job, under pressure from investors over the mining group's lagging share price and continued dependence on strike-hit South Africa.
*BHP's Vanselow, Xstrata's Davis in frame as replacements. LONDON, Oct 26- Anglo American's Chief Executive Cynthia Carroll has quit after more than five years in the job, under pressure from investors over the miner's lagging share price and continued dependence on troubled South Africa.
LONDON-- Cynthia Carroll will step down as chief executive of mining company Anglo American PLC after almost six years in the job, the company announced Friday.
LONDON-- Cynthia Carroll says she will step down as chief executive of mining company Anglo American PLC as soon as her successor is chosen. In a statement released by the company on Friday, Carroll made no reference to reports that some investors had lost faith in her leadership and were pressing for her to go.
LONDON, Oct 25- Miner Anglo American posted increased production in five of its seven key commodities including copper, as it braces for the full impact of crippling South African strikes that have ratcheted up pressure on a management team already under fire.
LONDON, Oct 25- Miner Anglo American reported increased volumes in five of its seven key commodities while bracing for the full impact of South African strikes on platinum and iron ore output.
*Credit Suisse cuts Rio Tinto target price to 3500 p from 3800 p; rating. *Credit Suisse cuts ENRC target price to 400 p from 450 p; rating. *Credit Suisse cuts Anglo American target price to 2100 p from 2200 p;.
Oct 12-:* HSBC cuts Antofagasta to underweight from neutral* HSBC cuts Anglo to neutral from overweight. *HSBC cuts Rio Tinto target price to 3220 p from 4320 p; rating. Reuters Station users, click. 1580.
*Barclays raises African Barrick Gold Plc price target to 440 P from. *Barclays cuts Anglo American PLC price target to 1970 P from 2300 P;. rating underweight* Barclays cuts Bumi PLC price target to 337 P from 430 P; rating overweight.
Oct 11- Anglo American PLC:. *UBS cuts Anglo American PLC price target to 2230 p from 2250 p; rating buy. Reuters Station users, click. 1580.
By Agnieszka Flak and Wendell Roelf. JOHANNESBURG, Oct 9- Some of South Africa's striking truckers have agreed to return to work on Wednesday, easing pressure on Africa's biggest economy where two weeks of labour unrest in the transport sector have hit supplies of fuel, cash and consumer goods.
By Agnieszka Flak and Wendell Roelf. JOHANNESBURG, Oct 9- About a third of striking South African truckers have agreed to return to work on Wednesday, easing pressure on Africa's biggest economy where two weeks of labour unrest in the transport sector have hit supplies of fuel, cash and consumer goods.
helped reverse the gains made by so-called rand hedges like British American Tobacco. "The stronger rand is causing the rand hedges to come off a little bit, that's why the market is negative," said Malcolm Moller, an equities trader at Vunani Securities.
*Xstrata latest platinum firm to suffer wildcat walkout. JOHANNESBURG, Oct 8- South Africa's local government workers' union said on Monday it would launch a strike over pay in the next few days, the first sign of a wave of labour unrest in Africa's biggest economy spreading from the mines into the public sector.