Gold steadied as positive technical signals & an easing of the dollar against a basket of currencies helped the metal to recover from early losses.» Read More
TORONTO, Nov 10- Global mining companies stung by slumping commodity prices are looking forward to a modest consolation prize- weaker local currencies and falling oil prices that will help trim their costs. "It's definitely a silver lining," said Chris Mancini, analyst at Gabelli Gold Fund. Agnico Eagle Mines Ltd, which produces two-thirds of its gold in Canada,...
RIO DE JANEIRO, Oct 30- Vale posted a surprise $1.44 billion loss, and its shares tumbled to a 5-1/ 2- year low as investors worried about the cost of the Brazilian miner's expansion plans and a possible cut to its dividend in a new era of lower iron ore prices. Vale SA cited low iron ore prices and a weak local currency for the third-quarter loss. Vale is attempting to...
**Platform Specialty Products Corp said it would buy Arysta LifeScience Ltd for about $3.51 billion, Platform's third acquisition this year as the company looks to strengthen its agrichemicals business. **The top two lawmakers on the Senate's antitrust panel have urged regulators to scrutinize food distributor Sysco Corp's planned purchase of rival U.S....
SYDNEY, Oct 20- London copper inched down on Monday after climbing in the last session from its lowest in around six months, hit by worries over the end of U.S. stimulus. *The Thomson Reuters/ University of Michigan index of consumer sentiment was surprisingly strong in early October, rising to more than a seven-year high. *In nickel markets, Brazil's Vale SA sees a...
Rio Tinto said a strong third quarter and productivity gains led to a 12 percent rise in iron ore production as price volatility persists.
Traders are also watching Brazil after its election surprise.
BHP Billiton aims to cut its iron ore production costs by more than 25 percent and squeeze more tons from its mines as it aims to overtake Rio Tinto.
China's steel consumption fell for the first time, leading to a surplus of iron ore and a 40 percent plunge in prices of the steelmaking raw material.
*Axiom says wins Solomon Islands nickel mine court battle. SYDNEY, Sept 24- Tiny Australian prospector Axiom Mining has won a three-year court battle against Japanese giant Sumitomo Metal Mining to exploit a giant nickel discovery in the South Pacific' s Solomon Islands left idle for more than half a century.
Gaurav Sodhi, Resources Analyst at Intelligent Investor, discusses why major producers like Vale are cranking up iron ore output despite the recent slump in prices.
A new deal with Chinese shipping firm Cosco will help Vale capture a larger share of the Chinese iron ore market, CEO Murilo Ferreira told CNBC.
Murilo Ferreira, CEO of Vale, tells CNBC's Sri Jegarajah why he isn't worried about the recent slump in iron ore prices. He also explains why he remains upbeat on China.
NEW YORK, Sept 10- U.S. stocks edged higher at midday on Wednesday as a rebound in Apple's stock offset declines in energy shares. It continues to be an underweight name for most institutional investors, "said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles. Exxon Mobil fell 1 percent.
NEW YORK, Sept 10- U.S. stocks dipped on Wednesday, putting the S&P 500 on track to retreat for a sixth session out of the past seven, although the longer-term strength of the equity market was still considered intact.
Some of Thursday's midday movers:
American investors aren't panicked about the re-emergence of Ebola in Africa, at least in the long term.
In a raft of energy, finance and industry accords signed, China and Brazil will team up to build railways.
Rio Tinto said it was on track to produce 295 million tons of the steel-making material in 2014, up from 266 million last year.
For the second year in a row, selling in May hasn't panned out the way people thought it would.
It's time for the Lightning Round. Cramer makes the call on viewer favorites.