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Freeport-McMoRan Inc

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  • MELBOURNE, March 5- London copper was little changed on Thursday as markets digested China's latest outline for economic reform and looked ahead to a central bank meeting in Europe and key U.S. jobs data. China's top state planning agency pledged on Thursday to accelerate policies to promote cleaner and renewable sources of energy and tackle overcapacity in...

  • Most active New York Stock Exchange-traded stocks Wednesday, 4 Mar 2015 | 1:16 PM ET

    NEW YORK— A look at New York Stock Exchange 10 most-active stocks at the close of trading:. AT&T Inc. fell 1.2 percent to $34.00 with 21,604,200 shares traded. Abercrombie& Fitch Co. fell 15.5 percent to $20.27 with 21,677,700 shares traded.

  • *China sees sluggish pick-up in demand after New Year hols. LONDON, March 3- Copper prices slipped on Tuesday from a seven-week peak hit in the previous session as excitement over a weekend interest rate cut in top consumer China dissipated, and as the dollar was seen gaining strength. This week could see China's growth forecast coming in at around 7 percent, and...

  • MELBOURNE, March 3- London copper slipped on Tuesday from a seven-week peak hit the session before as expectations of rising U.S. interest rates pushed up the dollar and flattened commodity prices. *The most-traded May copper contract on the Shanghai Futures Exchange slipped 0.6 percent to 42,600 yuan a tonne. *Newmont Mining Corp's Indonesian copper export...

  • JAKARTA, Feb 16- Indonesia has dropped its demand that Freeport-McMoran Inc build a $1.5 billion copper smelter in Papua province, saying a regionally owned enterprise would take on the project instead, website Detik.com reported, quoting the mining minister. The ministry in December said Arizona- based Freeport, which runs the world's fifth-largest copper...

  • Not only is the Indonesian government steadily tightening its grip on what was previously a chaotically free-wheeling independent production sector, but Indonesia's producers themselves are considering suspending exports due to low prices. It's also a question that cuts to the heart of Indonesia's aggressive resource nationalism, revealing the...

  • MELBOURNE, Jan 28- London copper moved away from 5-1/ 2- year lows on Wednesday, propped up by a weaker dollar after a drop in U.S. capital goods orders sparked talk the Federal Reserve might push back its timeline for raising interest rates. Copper prices have been walloped by persistent signs of weakening growth in top user China as well as sickly European demand...

  • MELBOURNE, Jan 28- London copper climbed away from 5-1/ 2 year lows on Wednesday, propped up by a weaker dollar after worsening U.S. durable goods orders sparked concerns the Federal Reserve may push back its timeline for raising interest rates at a meeting later in the session. *Three-month copper on the London Metal Exchange climbed by 0.7 percent to $5,458 a...

  • SINGAPORE, Jan 26- London copper futures fell for a third session running on Monday as the dollar gained against the euro after Greece's Syriza party promised to roll back austerity measures as it is set to win a snap election. *Syriza's Alexis Tsipras is on course to become prime minister of the first euro zone government openly opposed to austerity policies...

  • *Credit Suisse cuts Exxon to' underperform'. NEW YORK, Jan 23- U.S. stocks fell modestly on Friday, pressured by underwhelming corporate news including guidance from economic activity bellwether UPS and as materials stocks fell after bearish notes. Materials shares weighed on the S&P 500, falling 1.6 percent after Goldman Sachs cut its price target on various...

  • *UPS shares fall after outlook, FedEx also lower. NEW YORK, Jan 23- U.S. stocks fell modestly on Friday, pressured by some disappointing results from major multinational companies, which offset optimism triggered by the European Central Bank's recent decision to buy bonds and boost euro zone growth. UPS was the largest drag on the S&P 500 after its guidance...

  • *Copper on track for 2 percent fall this week. *Premiums for bonded nickel in China surge. LONDON, Jan 23- Copper fell on Friday, and was on track for its sixth week of falls after failing to post a convincing rebound from last week's 5-1/ 2 year low, weighed by concerns about the outlook for demand from top consumer China.

  • MELBOURNE, Jan 23- London copper edged up on Friday, but was set to close the week flat, having failed to post a convincing rebound from last weeks' 5-1/ 2 year lows ahead of China factory data due shortly. *The most-traded March copper contract on the Shanghai Futures Exchange slipped 0.3 percent to 41,470 yuan a tonne. *Freeport-McMoRan Inc said on Thursday it had...

  • *China Q4 growth 7.3 percent, beats forecasts. LONDON, Jan 20- Copper and other base metals rose on Tuesday after China reported its economy had not slowed as much as many had feared, and as investors began to reassess whether this year's steep losses were justified. China reported growth of 7.3 percent for 2014, just pipping forecasts of 7.2 percent growth.

  • JAKARTA, Jan 20- Freeport-McMoRan Inc could lose its permit to export copper concentrate from its massive Indonesian mine in West Papua, the country's mining minister said on Tuesday, unless it can show progress in developing a new copper smelter this week. "Freeport hasn't confirmed the location," Energy and Mineral Resources Minister Sudirman Said told...

  • Jan 15- Freeport-McMoRan Inc agreed on Thursday to pay $137.5 million to resolve a lawsuit claiming executives and directors had conflicts of interest that caused the natural resources company to overpay significantly for two oil and gas companies in 2013.. Shareholders led by a group of pension funds and union-owned Amalgamated Bank will receive...

  • Jan 15- Freeport-McMoRan Inc on Thursday agreed to pay $137.5 million to resolve a lawsuit claiming that executives and directors had conflicts of interest that caused the natural resources company to overpay significantly for two oil and gas companies in 2013.. Shareholders led by a group of pension funds and the union-owned Amalgamated Bank will receive...

  • 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...

  • *World Bank cuts global growth forecasts. NEW YORK, Jan 14- U.S. stocks fell for a fourth day on Wednesday as a World Bank forecast fueled concerns about global economic weakness and copper prices sank, although a late-day rebound in energy shares left the market well off its lows after a volatile session. The price of copper, a key industrial metal, touched its lowest...

  • *World Bank cuts global growth forecasts. *Freeport McMoRan drops on copper weakness. Stocks were still on track for a fourth day of losses, however, after a World Bank forecast sparked concerns about global economic growth and U.S. retail sales for December came in weaker than expected.