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Business Materials and Metals

  • SYDNEY, Feb 24- London copper prices found modest support on Friday after a big fall overnight amid fresh doubts over Chinese demand and some upward movement in the U.S. dollar. *Three-month copper on the London Metal Exchange was up $7, or 0.1 percent, at $5,866 a tonne by 0105 GMT after falling 3 percent in the previous session. *The most-traded copper contract on the...

  • CALGARY, Alberta, Feb 23- Most oil and gas firms in Canada's oil-rich Alberta, which cut costs following the crude crash in 2014, are looking to run even leaner, according to the author of a report from professional services firm EY released on Thursday. The western province of Alberta is home to Canada's vast oil sands deposits and is the top exporter of crude to the...

  • VANCOUVER, British Columbia _ Eldorado Gold Corp. on Thursday reported a loss of $32.5 million in its fourth quarter. The average estimate of three analysts surveyed by Zacks Investment Research was also breakeven on a per-share basis. This story was generated by Automated Insights using data from Zacks Investment Research.

  • From hoverboards to safer building foundations

    Greg Henderson, CEO of ARX PAX, talks about how the company uses technology to reduce the risks buildings face from natural disasters.

  • LONDON, Feb 23- Commodities trader and miner Glencore reported an 18 percent rise in full-year profit on Thursday, buoyed by a rebound in raw materials prices, and said it was well-placed financially for small acquisitions or a special dividend payout. Its trading arm achieved adjusted earnings before interest and tax of $2.8 billion, up 14 percent and above...

  • Performance when GDP is over 3%

    CNBC's data partner Kensho looks at which sectors outperform with GDP over 3% in a weak dollar environment.

  • LONDON/ MILAN, Feb 23- European shares fell slightly on Thursday, weighed down by a pull-back in banking and mining stocks in a day where trading activity was dominated by a raft of company earnings. Losses in Barclays and in HSBC, which continued its slide after a disappointing update earlier this week, resulted in a 1 percent fall for Europe's banking index.

  • DUBLIN, Feb 23- Packaging conglomerate Ardagh Group is well advanced with plans to launch an initial public offering and intends to float on the New York Stock Exchange later this quarter, chairman Paul Coulson said on Thursday. The Luxemburg- based supplier of glass and metal containers, controlled by Irish billionaire Coulson, said last year that it planned to...

  • GENEVA— The chief executive of Glencore says the Swiss mining and metals company is better positioned than ever after core profits rose 48 percent last year amid recovering commodity prices and cost cutting policies. The Baar, Switzerland- based company reported net income before exceptional items of $1.99 billion in 2016, against $1.34 billion the year...

  • LONDON, Feb 23- Three of the world's biggest exchanges are launching precious metals contracts in London this year, each aiming for a chunk of the city's $5- trillion- a-year gold business. The London Metal Exchange, CME and ICE see an opportunity as increasing regulatory scrutiny is raising costs for banks trading gold over the counter in bilateral deals.

  • PITTSBURGH _ Koppers Holdings Inc. on Thursday reported fourth-quarter net income of $6.4 million, after reporting a loss in the same period a year earlier. The Pittsburgh- based company said it had net income of 30 cents per share. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 26 cents per share.

  • *Trims net debt to $25.08 billon. BRASILIA, Feb 23- Brazilian miner Vale SA reported on Thursday net profit of $525 million for the fourth quarter, falling short of analyst expectations but reversing a heavy loss in the period a year earlier thanks to record output and higher iron ore prices. Analysts at Bernstein said the results were positive, noting the company...

  • TORONTO _ Alamos Gold Inc. on Thursday reported a loss of $20.6 million in its fourth quarter. The Toronto- based company said it had a loss of 8 cents per share. Alamos Gold shares have climbed 17 percent since the beginning of the year.

  • LONDON, Feb 23- Commodities trader and miner Glencore reported an 18 percent rise in 2016 profit on Thursday, buoyed by a rebound in raw material prices, and said it was well-placed financially for small acquisitions or a special dividend payout. For the trading, or marketing division that sets Glencore apart from other miners, adjusted earnings before interest...

  • BRASILIA, Feb 23- Brazilian miner Vale SA reported on Thursday net profit of $525 million for the fourth quarter, falling short of analyst expectations but reversing a heavy loss in the period a year earlier. A Reuters poll of analysts had forecast net profit of $1.8 billion in the quarter, but the world's largest producer of iron ore fell short on account of...

  • VANCOUVER, British Columbia _ Taseko Mines Ltd. on Wednesday reported fourth-quarter net income of $3.8 million, after reporting a loss in the same period a year earlier. The Vancouver, British Columbia- based company said it had net income of 1 cent per share. For the year, the company reported that its loss narrowed to $23.7 million, or 11 cents per share.

  • TORONTO _ North American Palladium Ltd. on Wednesday reported a loss of $9.7 million in its fourth quarter. The Toronto- based company said it had a loss of 17 cents per share. Keywords: North American Palladium, Earnings Report.

  • COEUR D`ALENE, Idaho _ Hecla Mining Co. on Thursday reported fourth-quarter net income of $20.3 million, after reporting a loss in the same period a year earlier. On a per-share basis, the Coeur d`Alene, Idaho- based company said it had profit of 5 cents. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 5 cents per...

  • By Barbara Lewis and Dmitry Zhdannikov. LONDON, Feb 23- Commodities trader and miner Glencore reported an 18 percent rise in 2016 profit on Thursday, buoyed by a rebound in raw material prices, and said it had never been better-placed financially, signaling a readiness for small purchases or a special dividend payout. For the trading, or marketing division that...

  • MELBOURNE, Feb 23- London copper prices slipped on Thursday, as concerns about fresh regulations that could dampen China's property boom steepened a correction that began with improving prospects for a U.S. interest rate hike in March. China's Vice Housing Minister Lu Kehua told reporters on Thursday that preparatory work was now being done for a nationwide...

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