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  • July 26- U.S. miner and oil producer Freeport-McMoRan Inc's quarterly revenue fell far short of Wall Street estimates, mainly due to lower copper prices. The world's biggest listed copper producer said average realized price per pound of copper fell about 20 percent to $2.18 in the second quarter ended June 30. The Phoenix, Arizona- based company's consolidated...

  • WEST CHESTER, Ohio _ AK Steel Holding Corp. on Tuesday reported second-quarter net income of $17.3 million, after reporting a loss in the same period a year earlier. The average estimate of 10 analysts surveyed by Zacks Investment Research was for a loss of 4 cents per share. AK Steel shares have more than doubled since the beginning of the year.

  • *LME lead risks long liquidation if breaks $1,800- Triland. LONDON, July 26- Copper, zinc and nickel touched one-week lows on Tuesday on market uncertainty ahead of the U.S. central bank meeting and as investors sold to book profits from a recent rally. Our economists think markets have become too complacent about the outlook for U.S. monetary policy, "said analyst...

  • PHOENIX— Freeport-McMoRan stock slumped Tuesday after the mining company reported weaker-than-expected revenue for the second quarter as the price of copper and oil plunged and gold sales tumbled. Freeport-McMoRan sold 156,000 ounces of gold, less than half as much as it sold a year ago. Excluding one-time items, Freeport-McMoRan said it lost 2 cents per...

  • CHICAGO _ USG Corp. on Tuesday reported second-quarter earnings of $74 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 48 cents per share. Four analysts surveyed by Zacks expected $1.01 billion.

  • July 26- Diversified U.S. miner and oil producer Freeport-McMoRan Inc reported a smaller quarterly loss as aggressive cost cutting helped counter a near 20 percent drop in copper prices. Freeport's net loss attributable to common stock narrowed to $479 million, or 38 cents per share, in the second quarter ended June 30 from $1.85 billion, or $1.78 per share, a year...

  • ATLANTA _ Graphic Packaging Holding Co. on Tuesday reported second-quarter net income of $77.8 million. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 19 cents per share. Graphic Packaging shares have climbed 2 percent since the beginning of the year.

  • SHANGHAI, July 26- Chinese iron ore miners have called for an anti-dumping investigation into imports of the steelmaking raw material from top suppliers Australia and Brazil. Australia's BHP Billiton and Rio Tinto, along with Brazil's Vale, have embarked on massive expansion programs in recent years to supply the Chinese market. China is the world's biggest...

  • *LME lead risks long liquidation if breaks $1,800- Triland. Our economists think markets have become too complacent about the outlook for U.S. monetary policy, "said analyst Carsten Menke at Julius Baer in Zurich. Shanghai Futures Exchange copper fell 1 percent to 37,810 yuan a tonne.

  • WILMINGTON, Del.— DuPont topped most expectations in the second quarter as the chemical maker cut costs ahead of its tie up with Dow Chemical, and it upped its profit outlook for the year. Excluding certain items, earnings were $1.24 per share, which was 14 cents better than analysts had expected, according to a poll by Zacks Investment Research.

  • SHANGHAI, July 26- Chinese iron ore miners have called for an anti-dumping investigation into imports of the steelmaking raw material from top suppliers Australia and Brazil. China is the world's biggest steel producer and iron ore consumer, but growing supplies from Australia and Brazil and the low quality of ore mined locally has increased Beijing's...

  • BEIJING, July 26- China's top steelmaking province Hebei plans to cut more than 31 million tonnes of combined iron and steel production capacity in 2016, the official Xinhua news agency reported on Tuesday. Xinhua said the province planned to cut iron making capacity by 17.26 million tonnes, and reduce 14.22 million tonnes of steel making capacity by the end of...

  • BEIJING, July 26- Chinese miners plan to jointly apply for an anti-dumping investigation into iron ore and iron ore products imported from Australia and Brazil, a miners association said. In an online statement issued by the Metallurgical Miners' Association of China, more than 20 Chinese miners are planning to file an application to the country's commerce...

  • TOKYO, July 26- Takeda Pharmaceutical Co Ltd will accept initial bids for its 70 percent stake in a chemicals company through Aug. 16, with potential suitors including CVC Capital Partners Ltd and Carlyle Group Ltd, sources told Reuters. Takeda, Japan's largest drugmaker by market value, aims to sell its holding in Wako Pure Chemicals Industries Ltd to streamline...

  • Beijing appears to be on the brink of forcing the most modern and competitive Chinese steelmaker, which is itself struggling amid a global steel glut, to rescue a loss making and heavily indebted rival in what some securities and credit analysts see as potentially a marriage made in hell. Listed units of Baosteel Group, the second-largest Chinese steelmaker,...

  • ABU DHABI, United Arab Emirates— The world's first round-the-world flight to be powered solely by the sun's energy made history Tuesday as it landed in Abu Dhabi, where it first took off on an epic 25,000- mile journey that began more than a year ago. After landing the plane, pilot Bertrand Piccard was greeted outside the cockpit by his Solar Impulse partner and...

  • *William Hill jumps after receiving takeover bid. LONDON, July 25- Britain's top share index ended lower after hitting an 11- month high on Monday, with a fall in crude oil prices hurting energy stocks and weaker gold prices and negative company updates dragging down precious metals miners. "The FTSE is held back by oil majors taking a significant 25 points off the...

  • LONDON, July 25- Zinc resumed its rally on Monday, powered by falling mine supply and copper fell as a sharp drop in oil prices overshadowed expectations of looser global central bank policy. G20 finance chiefs vowed at the weekend to use "all policy tools" to lift global growth after a meeting dominated by the impact of Britain's exit from the European Union.

  • TORONTO, July 25- Canada's main stock index fell on Monday, weighed by energy and mining stocks that retreated along with oil and gold prices. Gold fell as the U.S. dollar firmed ahead of central bank meetings in the United States and Japan. At 10:16 a.m. EDT, the Toronto Stock Exchange's S&P/TSX composite index was down 77.14 points, or 0.53 percent, to 14,523.52.

  • *Plan to locate in Texas or Louisiana. DUBAI/ KHOBAR, July 25- Saudi Basic Industries Corp, one of the world's largest petrochemicals groups, said on Monday it is studying launching a jointly-owned petrochemicals complex with an affiliate of U.S. The project will be on the United States' Gulf Coast, possibly in Texas or Louisiana, and will include a production...

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